The Red Zone and Five Year Rule

Nick Bertha, Director of Wealth and Trust Planning, and President of Fieldpoint Private Trust Company, as well as Adam Ercoli, Director of Commercial Banking at Fieldpoint Private, a fast-growing private bank serving entrepreneurs, families, businesses and institutions joins Enterprise Radio.Listen to host Eric Dye & guests Nick Bertha & Adam Ercoli discuss the following:* Adam, for business owners contemplating an eventual sale of their business, is there a single biggest threat to realizing the full financial value from what they’ve built?* Talk about valuation. That’s like an act of God…are there steps entrepreneurs can take to mitigate the risk of hitting a bad point in the cycle?* Nick, can employee stock plans, also called ESOPs, be part of this?* Talk about the tax piece… what is the tax risk and how can owners reduce it?Mr. Nick Bertha is President of the Fieldpoint Trust Company and works with Fieldpoint Private Securities, LLC clients on complex estate and income tax issues, and helps ultra-high-net-worth families manage their wealth. He has expert-level capability in tax law, wealth transfer, and trusts & estates. His extensive career, spanning over 30 years, includes prominent positions at Credit Suisse, DLJ and US Trust Company, where he led the Financial Counseling Group for many years. His work has been published in leading journals including Trusts & Estates Magazine and the Tax Lawyer. He is currently on the Conference Board of the Trust & Wealth Management Division of the American Bankers Association. Mr. Bertha has a BA and JD from Marquette University and a MS in Taxation from the University of Wisconsin, Milwaukee campus.Check the background of this investment professional on FINRA’s BrokerCheck.Mr. Adam Ercoli joined Fieldpoint Private in 2020, with 15 years’ financial services experience, including more than a decade in commercial banking. Most recently, he was with Stamford, Connecticut-based Patriot Bank, where he served as a Commercial Banking Team Leader, managing commercial lending and branch staff, and working with entrepreneur clients to deliver commercial and industrial loans, leveraged finance and commercial real estate credit. Prior to that, he was a commercial banker with Connecticut Community Bank. Mr. Ercoli began his commercial banking career Florida, with Synovus Bank and Fifth Third Bank, in Sarasota.Mr. Ercoli earned his bachelor’s in business administration from Marist College, and his MBA at the University of Tampa. Additionally, he is a graduate of the Stonier School of Banking at the University of Pennsylvania’s Wharton School of Business. Since 2015 he has served as a director of the ONS Foundation for Clinical Research and Education.Website: https://www.fieldpointprivate.comSocial Media Links:Linkedin: https://linkedin.com/company/fieldpoint-privatePeople also listened to this: How to Champion a New S...