Karl Bareither, a Wealth Transfer Planning Specialist, is an experienced professional who has built a great business in assisting family business owners with their wealth transfer needs. As Karl built a successful career in providing solutions, he's also developed a very strong loyalty for working with family businesses, and it's that passion that helps family businesses discover their real concerns and achieve their objectives.

The consulting process is called the FBR System. It's a holistic fee-based approach to wealth transfer planning, and it helps business owners - along with their families - in planning for the effective transfer of their business wealth to the next generation.

Many successful family businesses are closely held companies whose largest investments are in real estate, plant, equipment and inventory. Most of their assets are invested in their own businesses rather than in securities and bonds. Historically, wealth transfer planning has frequently been a secretive event known only at the owner's death rather than an open family dialog during the owner's life. And frequently, that secretive approach has resulted in the business failing, unnecessary family feuds developing, or both. That problem has a solution, and the FBR Model is time-tested that does just that.

The FBR Model provides greater services, profitability and increased effectiveness when consulting with high net worth business clients in the following ways:

1. Moves beyond a secretive transaction, to an open process consultative model by understanding the needs of all family members, discovering new profitable business opportunities and minimizing liquidity concerns that a transaction model can't provide.
2. Establishes a holistic approach to planning, which minimizes family spats and enhances the quality of family life.
3. Creates practical steps to enhance wealth transfer planning, to conduct a business review, and provide open communication by including all family members.
4. Increase business profitability and minimize costs.

Karl is prepared to educate and motivate family businesses. He personally has been a Wealth Transfer Planning Specialist since 1969. In addition, he interviews all family members, key employees, and their trusted advisors. He establishes a written wealth transfer plan, and assists in the implementation of a new plan. Planning is a journey not a destination and needs to be evaluated periodically because of changing tax laws, business considerations and family member concerns.

To sum it up, FBR System provides a proven renewal program to help family businesses establish more effective ways to assure continuation of the family business assuming that is their objective. The three phase, nine step model includes: examining current plan, developing new plan, presenting new plan at family retreat, and assists in implementing and monitoring new plan with a money back guarantee if client is not satisfied.