Wealth Management Planning Strategies for Contractors

You’re making money. But is your construction business actually building wealth?The truth is, most construction business owners have 70% to 80% of their wealth tied up in their business with no real plan for what happens when they can’t or don’t want to run it anymore. Mason Brady sat down with Jason Lee, vice president and wealth advisor at Exponent Prosperity Accelerator Advisors in Houston, to break down what true wealth planning actually looks like for construction business owners.This episode is for you if you’re a construction business owner who is making money but isn’t sure what to do with it, hasn’t thought seriously about exit planning, or wants to understand how to build real, lasting wealth, not just a business that pays the bills.Topics We Cover00:00  - Why most contractors don’t have a real wealth manager05:00  - Closing the wealth gap: the $7–10M number every owner needs to know10:00 -  Lifestyle business vs. legacy business15:00  - Frankenstein planning and why it backfires20:00  - The J-curve and when to start planning25:00  - The advisor board every construction owner needs30:00  - Why your tax strategy might be costing you millions35:00  - Construction as a wealth vehicle and the reality of GC marginsLinks & ResourcesExponent Prosperity Advisors: https://exponentx.net/ Brady CFO: https://bradycfo.com/ 🤝 Connect with Jason Lee: https://www.linkedin.com/in/jasonleeexponent/ 🎤️ Connect with Mason Brady: https://www.linkedin.com/in/masonbrady/