Business Planning with American Council of Engineering Companies (ACEC) members
BIO:
Tim Thornberry
Founding Partner - Cornerstone Financial Partners, LLC
Tim believes better conversations are the foundation of financial planning and advice. Better conversations have the power to connect families, trusts/estates and businesses to a more meaningful plan. Tim leads the firm’s business succession and executive compensation planning efforts. The Cornerstone team has enjoyed attending ACEC Georgia conferences and events for the last 10 years.
Newly engaged, Tim and Brittany have six children: Alexander, Lucy, Carson, Connell, Levi and Caroline. A Marine who deployed twice, Tim is supportive of veteran initiatives and serves on the boards of The Enterline Foundation and Hi Hope Service Center. In his free time, Tim enjoys golf, basketball and layering in a bit of travel.
ACEC Summary
Cornerstone Financial Partners is focused on helping engineers and their employees. They have been involved with ACEC Georgia over the past decade, building relationships through programs, board retreats, and summer conferences. Among the services they offer, Cornerstone helps clients with business planning, executive compensation strategies and succession planning.
Business Planning Topics:
Business Planning & Consulting Activities
- Business value consulting
- Buy/Sell agreement analysis
- Succession or exit planning
- Cash flow analysis
- Cash flow and income statement analysis
- Deferred compensation plan analysis
- Deferred comp funding and distribution
- Non-qualified deferred compensation programs
- Employee benefit and retirement plan strategies
- Entity structuring education
- Financing Strategies
- Non-Formal Business Valuation Estimates
- Tax efficient exercise and vesting strategies
Personal Wealth & Estate
- Estate tax analysis
- Sources of estate liquidity
- Trust planning and education
- Wealth transfer scenarios
- Cash flow projections
- Financing and funding analysis
- Goal prioritization & accountability
- What if scenarios
- Asset dissipation strategies
- Retirement funding solutions
- Retirement needs analysis
- Retirement plan strategies and coordination
- Life insurance planning
- Long term care planning
- Cost basis review & analysis
- Discuss and educate on employee stock options basics, ISOs, NSOs, planning strategies, etc.
- Tax diversification strategies
- Tax loss harvesting
- Tax-managed investments strategies