Wealth
Management
for Business

Wealth <br>Management <br>for Business

Talking business and beyond.

Owning or managing a business in Maine requires vision, perseverance and a keen sense of how you deliver value to your customers. Cost-effectively delivering products and services to your customers can be all time consuming. What happens about other key factors like employee retention and talent acquisition? For many companies, these factors are at the very heart of the success of the business. And then there’s the even longer-term vision and plan for the sale or succession of a single or family owned business.

At Portland Trust Company, these are typical conversations that we have with our clients … and the more complex, the better.

We’d like to talk about your business – not ours.

Maine can be tough for small businesses. In order to thrive, it’s important to have an independent perspective on issues affecting the company. The PTC team has been there and is ready to have the conversations you may not be able to have with anyone else.”
– James MacLeod, President

What we offer

Employee Acquisition and Retention

Having the right employer sponsored retirement plan is important in attracting and retaining employees. Whether the best plan for your business is a 401(k), a Simple Plan, or a combination with a nonqualified plan such as a rabbi trust, we can help. We can even serve as Trustee or Advisor on your Employee Stock Option Plan (ESOP). Let us help you find what’s best for you and your employees.

Business Succession

Planning for a management succession or a liquidity sale can be very emotional, particularly for the founder of a small business. Finding “who” the right buyer or successor will be is critical and the post-sale financial picture for the seller can define the “when.” We can run “what if ” scenarios to provide you with clarity and guidance throughout the process.

Financial Organizer

Having the right professional team is critical. We take a multi-disciplinary approach to every one of our clients, working with a variety of legal, tax and business valuation experts as needed. We will efficiently and effectively coordinate your plan as though it was a complicated, interconnected, set of paths evolving into a super highway, because it is.

Your Financial Plan

Just as your business began with a plan, so should your personal financial life. “A goal without a plan is just a wish.” Let us help you consider the options available for your retirement. Tell us what is keeping you awake at night. Let’s talk about what you want your legacy to be. Together, we will build a plan that is right for you.