Published: November 28, 2012
The Principal Helps Financial Professionals Uncover ESOP Opportunities
DES MOINES, Iowa - (BUSINESS WIRE) - Baby boomer business owners face a dilemma as they near retirement:
nearly 80 percent of their net worth is tied up in their businesses1.
And the value of that business ownership is about $4.8 trillion
dollars2. Financial professionals who are able to help owners
convert business assets into investable retirement assets can
potentially tap into significant opportunities.
Jerry Ripperger, director of ESOP consulting at the Principal Financial Group. (Image courtesy of the Principal Financial Group.)
Principal Financial Group has launched a national
training program and a suite of resources to show financial
professionals how to do just that with employee
stock ownership plans (ESOPs).
ESOPs are qualified defined-contribution retirement plans that
are primarily invested in company stock. They transform the illiquid
asset of company ownership into cash. That cash can then be invested in
other vehicles such as mutual funds, insurance, stocks, bonds and other
To read the complete release at NewsBlaze,
The Principal Helps Financial Professionals Uncover ESOP Opportunities,
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