About Myles

This simple 7-step process empowers business owners with the tools and information to value their business.

Helpful Documents and Information for completing BizEquity Online Valuation

In order to efficiently and accurately complete the BizEquity 7-step online valuation process, it will be helpful to have ready access to the following documents and details pertaining to the business under evaluation.

Helpful Documents

• Last 3 Years of Federal Tax Returns (Forms 1065, 1120, 1120S or Schedule C)
• Current Interim Financial Statements (income statement and balance sheet)
• Cash Flow Forecast (to determine projected revenue growth and LT EBITDA margin)
• Sales by Customer Report (to determine 3-Firm Concentration Ratio)
• Sales Composition Report (to estimate percent of online sales)
• Summary of Current Insurance Coverage (life, key person, liability, etc.)

Required Information

• Financial Data (revenues, expenses, profits, assets and liabilities from tax returns and financial statements)

Without working harder or changing your cashflow you can be fiscally free. You can become your own banker and take advantage of the benefits that banking insiders won’t tell us about. We do this by minimizing taxes and building lasting transferrable wealth. We help you use your own bank to fund college, buy cars, obtain business loans, pay mortgages, reduce debt and fund retirment.

Buying Cars
By using Private Family Banking^TM to finance cars during your lifetime, you could accumulate all the money you need to fund your retirement or other life goals.

In America 90% of people who buy cars use other people’s money to pay for them. They pay interest to financial institutions that loan them the money for their purchase. The remaining 10% of Americans save and pay cash for their cars. In either case there is nothing left after the purchases for a lifetime of driving cars. Of course, that’s what you would expect when purchasing a depreciating asset like a car.

However, by using Private Family Banking^TM you can turn the financing of your cars into an appreciating asset!

Recapturing Debt
Being in excessive debt can feel like slavery. In fact, the Bible says that “the borrower is slave to the lender.” Yet paying off debt seems like such a drag for many – “When will I ever get ahead?”

The average savings rate in America is currently only about 6% of all earned income. Meanwhile, the average American is spending around 34.5% for interest on debt!

By using Private Family Banking™ to pay off all your debts, you can recapture the interest that you are currently paying financial institutions. By recapturing your own debt and paying yourself the interest that you are currently paying others, you could increase your overall savings rate by over 500%!

Business Financing
Private Family Banking^TM creates the ideal financing option for your business. Think of it as allowing you to sit on both sides of the desk as the banker and the borrower. As a result, you don’t lose the interest you pay, you earn it! By using the system properly, you will literally enhance every financial decision you make by decreasing your overall taxes, as well as increasing your wealth.

Every business needs working capital but it can be a hassle to qualify for loans. Private Family Banking™ allows you ready access to your capital because you become the banker.

Paying for College
Imagine funding college in a way that you not only have a guaranteed return on your savings but you also teach your student how to safely grow their finances for the rest of their lives. That’s exactly what Private Family Banking can do.

The heart of the family banking concept is using a customized dividend paying, whole life insurance policy to accumulate wealth. When properly structured, a dividend paying whole life policy becomes a guaranteed college savings fund that can pay all college expenses even if Mom or Dad were to die.

Multi-Generational Wealth
Successfully maintaining wealth across generations requires advisors with both the depth and breadth of expertise to provide effective solutions for those challenges. Our depth of technical knowledge and breadth of experience – particularly with respect to multi-generational wealth – is what differentiates Myles from other firms.

Each client’s goals, financial situation and family dynamics are different, and you will receive advice that is tailored to your unique needs. We look at the full spectrum of factors impacting your wealth and identify effective solutions, and we do so with the highest standards of quality, integrity and professionalism.

Fund Retirement
Imagine the benefits of saving for your retirement at the same time that you are financing cars, financing a home or financing your children’s education. These are all things you’re going to pay for anyway but they normally take away from your retirement savings instead of helping to build your retirement savings.

At the core of Private Family Banking™ is a customized dividend paying permanent life insurance policy which is used to create a money pool that you control. This policy is engineered to grow your pool of money even while you are using it for your personal or business financing needs.

By following the Private Family Banking™ method, your cash grows tax-free and can be accessed tax-free to provide passive income at retirement. Unlike IRAs, 401(k)s or other tax qualified plans, the money that you accumulate in a dividend paying whole life insurance policy is accessible to you at any time and without penalties.

Our holistic financial planning services are designed to help you grow, preserve, and distribute your assets in a tax-efficient manner.

We begin by taking the time to understand every detail of your financial life—including what you’ve accumulated, what you owe, and your current level of risk—and your personal attitudes and goals about money. Based on your age, your comfort with risk, and your specific financial objectives, we then recommend a financial plan that addresses every aspect of your finances and is designed to help mitigate current and future taxes, grow assets at a reasonable rate, and distribute your wealth effectively and according to your wishes. Our personal financial planning services include wealth management, risk management, debt management, and wealth distribution.

• Wealth Management focuses on growing, preserving, and protecting your wealth using strategies designed to help you make appropriate choices to reach your financial goals now and throughout your retirement years, using our knowledge of income and expense planning, investment selection, portfolio management, asset allocation, and taxation. Wealth management includes:
  • 401(k) advice
  • Cash-flow advice
  • Charitable giving*
  • Education funding
  • Estate planning*

  • Investment advice
  • Portfolio management
  • Retirement planning
  • Tax planning*
   

  *The financial analysis and recommendations are not intended to replace the need for independent tax, accounting, or legal review. Individuals are advised to seek the counsel of such licensed professionals.

• Risk Management is necessary both to protect your assets and to provide for your loved ones after your death. No matter how sound your investment strategy, risk has the power to steer long-term plans in a negative direction. We work with you to manage that risk and effectively protect your assets—from mitigating taxation using a balanced strategy of pre-tax and after-tax savings, to purchasing insurance through a 401(k) plan, to applying the appropriate level of Life and Long Term Care (LTC) insurance coverage.
• Debt Management is an important component of every financial plan. Rather than perceiving all debt as a negative, we work with you to leverage debt, using it as a valuable tool to support your long-term goals—from helping you understand when and how to purchase your next automobile, to making optimal decisions when investing in property and business interests, to ensuring your debt-to-income ratio is always in alignment.
• Wealth Distribution means much more than assigning beneficiaries to investment accounts. For many, personal circumstances require careful estate planning to accommodate tax-efficient transfer of wealth. Our team works with a variety of experienced and insightful professionals to provide a wide variety of distribution strategies, from basic Life Insurance Trusts to more specialized offerings such as Special Needs Trusts, which are designed to preserve assets as long as possible and ensure funds are available to support special-needs family members when other resources are depleted, and Delaware Trusts, which support maximum investment protection and flexibility.

Most of our clients come to us with one very pressing question: “Will I have enough money to last the rest of my life?” Working together, we can put a plan in place to help provide sufficient cash flow and support your desired lifestyle for the rest of your life. To help achieve this goal, we work with you to:

• Explore where your money may go (the government, nursing home expenses, investment losses), and implement strategies to help minimize the impact.
• Analyze your existing 401(k) plan to ensure you’re leveraging this tool appropriately, and bolster it with additional investment options as appropriate.
• Identify appropriate investment options, and then construct a portfolio that is aligned with your goals and beliefs, and that sets you on a path toward achieving your long-term vision.
• Take an active role in monitoring changes in the market and recommend adjustments as needed. Ultimately, our goal is to ensure that, through diligent planning and appropriate action, the answer to “Will I have enough money to last the rest of my life?” is a firm and resounding, “Yes!”