S1E33 - Running a Business Is One Thing — Protecting Your Wealth Is Another

In this episode of Business Talk with Meghan McNulty, she speaks with Brian McNulty, former CEO and seasoned advisor to business owners, for a candid conversation on the risks many entrepreneurs overlook — and strategies that can protect their wealth. beyond the business.

They explore:  Why business owners often concentrate too much wealth inside the company or in real estate  How shifting from earned income to passive income opens up new freedom and flexibility  Why formal, written succession and transition plans are essential to protecting both business value and personal wealth  The critical need for integrating legal, financial, and operational plans into a cohesive strategy.

Key Takeaways:  Business success ≠ personal financial security — Without careful planning, your personal wealth can be overly exposed to business risks.  Passive income is key — Building income streams outside the business creates more options and freedom.  Liquidity matters — Real estate-heavy wealth can create cash flow challenges when you need to transition or pass assets.  A written plan protects everyone — Succession and exit plans need to be more than just ideas — they need to be documented, coordinated, and actionable.  It’s never “set it and forget it” — Your financial, legal, and operational plans need regular updates as your business and life evolve.

About Meghan’s Guest Brian McNulty brings over four decades of experience helping business owners navigate critical transitions — from ownership changes and succession to expansions and mergers. As a former CEO himself, Brian deeply understands the challenges leaders face and offers practical, strategic financial guidance designed to support long- term success.

He is a Chartered Financial Consultant (ChFC®) and Chartered Life Underwriter (CLU®), holding Series 6, 7, 24, 63, and 65 Securities Registrations. As a member of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC, Brian provides access to innovative solutions tailored to the evolving needs of businesses in transition.

Disclaimer: Securities offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency LLC, CA Insurance Lic# 0644976), member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Tax & Financial Group is independent of Cetera. |4001 MacArthur Blvd., 3rd Floor | Newport Beach, CA 92660

20240400202 DOFU 04/2024 Want to connect with Brian or explore strategies for your business transition? Book a. discovery meeting or follow him on LinkedIn.