Selling Smart, Building Wealth: Business Exit Strategy, Tax Moves & Real-Life Financial Wins

Allworth Financial‘s Money Matters

Allworth Financial

Investing, Business:investing, Business

4.9 • 782 Ratings

🗓️ 29 November 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this packed episode of Money Matters, Scott and Pat talk with Simone Devenny, Allworth’s Head of Private Wealth Strategies, about smart planning before selling a business—covering tax-saving strategies, timing, emotional readiness, and more. Then, a caller shares how he sold his startup for $1.2 million, while another longtime educator seeks guidance on managing a $317,000 lump sum. Whether you're prepping for a sale or figuring out your next big financial step, this episode is full of practical advice to help you sharpen your business exit strategy, minimize taxes, and take control of your financial future. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at [email protected]. Download and rate our podcast here.

Transcript

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0:00.0	Hey, Scott Hanson here. Pat and I want to wish you a great Thanksgiving, happy holiday weekend.
0:10.4	We're thankful for you. But while we're away today, we've got a good show lined up. We're taking your calls,
0:16.4	diving into some tax-lost harvesting and direct indexinging issues and helping you do some smart planning
0:21.6	around selling a business. So we're going to be joined by our head of private wealth strategies,
0:26.0	Simone Devaney, so enjoy the show. Would you like an opinion on a financial matter you're
0:30.8	dealing with? Whether it's about retirement, investments, taxes, or 401ks. Scott Hanson and Pat
0:36.8	McLean would like to help you by answering your call
0:39.2	to join Allworth's Money Matters. Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:48.8	Welcome to Allworth's Money Matters, Scott Hanson.
0:51.3	Pat McLean, thanks for joining us. That's right, as we talk about financial matters, both myself, my co-host, both financial advisors.
1:00.4	Yes.
1:00.9	Helping people with their finances and financial planning and all that stuff and doing this program.
1:05.9	So, yeah, we got some great calls lined up, but before we go to the calls, we're talking
1:10.1	with Allworth's head of private wealth strategies, Simone Devinny. And Simone's been on the program, I don't know, two or three times, I guess. So Simone, thanks for taking some time to join us. Thrilled to be here. How are you doing, guys? Good. I'm glad you're thrilled. I'm always thrilled.
1:30.4	I'm always thrilled. Okay. Good.
1:40.6	So you are, my trainings, formal training, you're an attorney, but you spend most of your career helping higher net worth folks, minimize taxes, do the right kind of planning
1:47.9	and some advanced strategies with their oftentimes family business, et cetera, right?
1:54.5	That's right.
1:55.3	How many nut jobs have you had to work with in the last 20 years, Simone?
2:01.7	I mean. Like crazy rich people, like crazy rich people.
2:07.3	Crazy rich, like crazy rich together, meaning like insanely rich or crazy and rich.
2:14.5	Crazy and rich.
	...

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