On this week’s episode of the Stride 2 Freedom podcast, I sat down with my friend, Chris Rhyme. Chris is a partner with BTG (Business Transition Group) a wealth management firm based out of Denver, Colorado. I wanted to sit down and chat with Chris because of his unique take on wealth management. Chris specializes in succession planning and key executive incentive planning for business owners. At BTG, deferred compensation planning is integral to succession. Why? If an owner can build a compensation structure that motivates and incentivizes the right performance, he/she is building a machine that has a chance of surviving his/her departure at some point. What is so powerful about these nonqualified deferred compensation plans, is they can be tied specifically to the metrics of performance that a specific individual owns. Examples could include, metrics around growth, quality, customer service, or expense management. Â
Chris is not a typical wealth manager in the traditional sense. I would probably call him a “business design architect” that helps owners lay the foundation for long term value creation. He leads with curiosity to really get to the root of what matters for business owners, and it’s not always the money. This is an episode packed with helpful tools to grow your business. Don’t miss it!
Who should I interview next? Please let me know.                Â
In this Freedom Speaker Series episode with Chris, you will learn:
- Why retaining and rewarding talent is such an important problem to solve
- Ins and outs of a non-qualified deferred compensation plans
- Key considerations when owners are thinking about succession
We are fortunate to have Chris available to spend time with us on this edition of Stride 2 Freedom. If there is a speaker you’d like us to interview, let us know. Stay well. Stay safe. Stay healthy.
Show Notes and Links From Episode:
Chris Rhyme LinkedIn
The Business Transition GroupÂ
Episode Transcript:
Podcast: Wealth Management: The Metrics of Growing your Business Financially
