Frank
SMB Business Owner
Local Plumbing & Heating Company
Their World
Frank built his plumbing and heating company from a single truck 25 years ago. Today he has 40 employees, $8M in revenue, and the business is the engine of his family's wealth. His son wants to take over someday, but Frank hasn't figured out how to make that transition without a massive tax hit. He knows his CPA handles taxes, but nobody is looking at the whole picture: the business, his personal investments, his wife's retirement, and the eventual transition.
The Complexity
Frank's business generates substantial income, but he's leaving money on the table with a basic retirement plan structure. A combination of a defined benefit plan and a 401(k) with profit sharing could shelter significantly more income. His succession plan needs to balance fair market value, installment sale structures, and gifting strategies. Meanwhile, his key employees need retention incentives or they'll leave when he does.
The Tesseract Way
Your Personal CFO analyzes the business alongside personal finances as one system. We model the optimal retirement plan structure, build a multi-year succession roadmap with tax projections at each stage, and create retention packages for key employees. Frank can see exactly how much more he can shelter from taxes today and what the transition looks like year by year.
Your Dashboard View
A glimpse of what Frank's Personal CFO dashboard looks like.
Tesseract Dashboard
Frank
Total Net Worth
$6,800,000
Projected Annual Tax Savings
$165,000
Through optimized strategy
Action Items
- 1Evaluate defined benefit plan setup
- 2Begin business valuation process
- 3Review buy-sell agreement terms
Upcoming Deadlines
Retirement Plan Contribution
Apr 15, 2026
Business Insurance Renewal
Jul 1, 2026
This Could Be Your View
See your complete financial picture in one place.