Trust Estate

Sanctuary Wealth Firm Offers ESOPs Across Network

Editorial Staff November 23, 2022


Employee Stock Ownership Plans are ways for firms' owners to manage often difficult areas such as business transfer and estate plans, as well as philanthropy.

Questar Capital Partners, a Sanctuary Wealth partner firm, is offering Employee Stock Ownership Plans (ESOPs) to partner firms across Sanctuary’s network.

ESOPs can be used to handle areas such as business transition, estate planning and philanthropy (a subject about which Family Wealth Report has written here).

“My partner, Richard Reyle, and I built our business on working with middle market business owners. When it comes to exit strategies, we have found Employee Stock Ownership Plans to be one of the most effective succession and retirement planning tools available to us,” Gerry Spitzer, founding partner, Questar Capital Partners, said. “We are completely independent, which serves to differentiate us from the big banks, and are uniquely qualified because we have a deep understanding of what business owners need in terms of estate planning and business exit strategies.”

Spitzer focuses on private wealth management, including investments, multi-generational estate planning, tax planning, insurance, and charitable giving. He specializes in working with privately-held business owners, advising them on succession planning, liquidity needs, and ESOPs and is a member of the ESOP Association. 

“ESOPs are an under-utilized planning tool that allow a business owner to reap some of the cash benefits of a sale, while still retaining control of their business,” Jim Dickson, CEO and founder of Sanctuary Wealth, said. 

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes