Let us guide you with your professional firm's growth, resilience and Retention
We provide affordable solutions tailored to your professional firms needs that are rooted in the deep understanding of your firms opportunities and challenges.
We use effective time tested proven strategies to provide a unique competitive edge to 350+ professional firms to attract and retain the best qualified Partners and officers because they are the backbone of their firm. We also protect your firms capital and reputation by gracefully exiting Partners who are declining physically and cognitively before they cause a client settlement that exceeds your malpractice insurance limits (causing a capital call from all Partners personal bank accounts).
We specialize in helping professional firms differentiate from competing firms in a unique, proven way to safeguard them from having their best Partners and top executives poached by competing firms. One example is law firms because ABA Model Rule 5.6 prevents non-compete agreements, so what we structure financial firewalls to maximize their firms Partner retention strategy. Here is one example: for a Partner in your firm who becomes totally disabled and thus unable to work; thus they are no longer have a paycheck to be able to continue to contribute to their 401(k) plan. Why is this a huge problem for every one of your Part]
A quick example; for a 50 year old totally disabled Partner they will suffer a shortfall in their 401(k) account balance at age 67 of $1.1 Million = 15% of final pay monthly+ 8% avg. return. We show your firm how to economically eliminate against this massive risk for all your Partners. One key benefit to your firm is increased Partner Retention. When Partners consider moving to a competing law firm they must take in to account that they are leaving an average potential benefit of $1.3 Million on the table. SECONDLY this firewall provides your firm a graceful financially sound exit for Partners who are declining physically and cognitively before they make one huge blunder that results a client malpractice settlement that exceeds your Malpractice insurance cap (resulting in a Partner capital call from their personal bank account). An essential key is that with our specialized knowledge and experience we show your firm how to effectively communicate in the most timely way this solution your firm provides for your Partners using a unique roll out strategy. This way the law firm avoids diluting the value of this solution to their Partners. Because many Partners live to 85+ they are extremely worried about outliving their retirement savings. NOTE: This vital matter is ENTIRELY separate from all of your employee benefits.. BECAUSE WE SPECIALIZE IN ELIMINATING THIS MASSIVE RISK IN THE MOST EFFECTIVE WAY FOR ALL YOUR PARTNERS AND YOUR FIRMS CAPITAL, WE HAVE A 97% CLIENT RETENTION RATIO WITH OUR 81 LAW FIRM CLIENTS.
Our services provide timely information and resources that lead to smart and lasting solutions in a complex global economy for your Professional Firm.
We are a nationwide specialty firm since 1989 successfully serving 350+ firms with a 97% client retention ratio.
Here’s how we guide your firm with expertise to make important decisions and follow through that result in optimal outcomes:
- We carefully listen to your challenges and opportunities. We then carefully and thoroughly show you options, with both upside and downside aspects of each option in detail..
- You’ll work directly with Donald Simon CHFC, the Founder of Simon Financial Company LLC.
- Thus, you eliminate any concerns about you being handed off to assistants with no professional designations or certifications or limited experience.
- We stay on top of your changing needs by helping you monitor and achieve your goals by suggesting well thought out solutions..
- We retain 97% of our clients every year, demonstrating a high rate of client satisfaction