Solutions in action

Trust, respect, personal attention and creative solutions are the foundation of our customer relationships. Read how we help Webster Private Bank clients with their financial goals.

Body (Limited)

Business succession

 

Selling your business

Situation

The owner of a privately held business approached Webster Private Bank to discuss the potential sale of his business. He had only recently begun contemplating a sale and did not know how to begin the process.

Outcome

In line with the client’s goals for the exit of his business, we prepared analyses and projections, comparing an internal sale to employees vs. an external sale to a third party and illustrated the impact of the sale, including gift and estate planning strategies and a cash flow analysis to determine the potential after tax proceeds available for the client’s retirement. We, along with other Webster colleagues, were able to assist the client in assembling a team of third-party professionals (investment bankers, lawyers, accountants, valuation experts, etc.,) knowledgeable in such transactions and ultimately helped to coordinate the team of professionals supporting the sale of our client’s business. The client has gained confidence and clarity in pursuing the sale of his business and we will be at his side as he entertains offers to sell his business, collects the proceeds upon the sale and manages the wealth created from the sale.

 

 

Tailored credit

 

Limiting liquid assets

Situation

The owner of a closely held business sold to a Fortune 500 company and was looking for expedited payments from the buyer to free up capital for a real estate construction project.

Outcome

We underwrote the buyer’s credit worthiness and ultimately extended credit annually over three years to complete the purchase.

 

Financial planning

 

Evaluating retirement options

Situation

C suite level executive was considering early retirement but was uncertain as to the impact on her executive benefits and whether she had accumulated sufficient funds for a secure retirement.

Outcome

In consultation with executive’s Corporate Counsel and Director of Human Resources, we analyzed and summarized all corporate benefits under two scenarios – early retirement and regular retirement. This allowed us to quantify the “cost” of retirement prior to age 65. We then incorporated this data into our cash flow models - the outcome of which showed the goal of early retirement was comfortably achievable. With this peace of mind, we were able to provide additional analysis and guidance on several other very important topics to the client including estate planning, gifting to family members and charitable giving.

 

Disclosures

Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A.

Investment products offered by Webster Private Bank are not FDIC or government insured; are not guaranteed by Webster Bank; may involve investment risks, including loss of principal amount invested; and are not deposits or other obligations of Webster Bank.

Webster Private Bank is not in the business of providing tax or legal advice. Consult with your independent attorney, tax consultant or other professional advisor for final recommendations and before changing or implementing any financial, tax or estate planning advice.

All credit products are subject to the normal credit approval process.