While Cypress Strategies has a diverse clientele, there are many common characteristics that we look for in our clients. Our typical client has many of the following traits:
Typical Client Profile – Legacy/Succession
- Net worth of $25 million or greater; no maximum
- Owner of a closely held business
- Has children, partners or key employees to succeed them
- Has children both inside and outside of the family business
- Cares intensely about family relationships both inside and outside of business
- Concerned about asset preservation
- Business is in strong financial condition
- Business is stable or growth-oriented
- High integrity and well respected by employees and community
- Is charitably inclined or community focused
- Prioritizes reduction of taxes
- Respects long term relationships
- Respects and counts on advisors
- Recognizes the value of a collaborative planning effort both in terms
of estate/succession planning and as it will impact the family
Typical Client Profile – Life Insurance
- Face amount $1 million or more; cash value $100,000 or more;
or annual premium $25,000 or more - Age 45 or older (male, female or survivorship)
- Policies are a part of a comprehensive plan
- Insured(s) in average to above average health (doesn’t have to
be perfect) - Has not had a recent annual review
- Relationship with their original agent has changed
- Policy(ies) are cash-value rich
- Client has policies that are underperforming
– Paying more premiums than originally planned
– Cash values are lower than originally projected