Retiring boomer biz owners look to invest in what they know: Business | Crain's Detroit Business

I need help setting something like this up in Southwest Florida, i.e., setting up a fund to purchase and operate businesses that are underachieving.  Contact me if interested.  Eric at 239-738-6227.

"Jason Brinks has set up more than a few retirement portfolios for baby boomer business owners who've sold their companies.

Brinks, managing director of Oxford Financial's Grand Rapids office, often sets up the newly liquid, former business owners with a mix of traditional investments, such as stocks, bonds and mutual funds, to support their lifestyles as they head into their golden years.

Lately, though, a number of his clients have voiced interest in mixing in a few alternatives, such as private equity, venture capital and even direct investment in local startups and closely held companies, Brinks said.

He and other local wealth managers are seeing an increase these days in clients who fit the same profile: They have been successful in business, came to a point in life where they decided to sell, and want to put part of their new wealth that was previously tied up in the business to work elsewhere."

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Retiring boomer biz owners look to invest in what they know: Business | Crain's Detroit Business:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.