Houston, TX, July 25, 2017 --(PR.com
)-- In addition to Minh Vo, Managing Partner of MassMutual Greater Houston, 2 other financial advisors within his agency received the CFBS designation: Sammy Salek and Michael W. Parker Jr.
The additional training will help these financial professionals identify the needs of the Greater Houston’s growing number of family-run businesses with whom they work. The latest research shows that there are 5.5 million family businesses with employees in the U.S., accounting for slightly more than half of the Gross Domestic Product (GDP) and are responsible for more than three-quarters of all new job creation. (Family Enterprise USA (FEUSA). On the Minds of Family Enterprise Owners, 2013 Survey of Family Firms).
This designation is offered solely for MassMutual financial professionals, through a rigorous educational program at The American College in Bryn Mawr, Pa. The CFBS program educates financial professionals to help:
· Understand the emotional issues confronted by owners contemplating a transition of their business
· Identify financial issues regarding succession planning
· Recognize tax and financial considerations regarding transitioning the business
· Offer benefit plans to help attract and retain top talent
“Working through this course gives these members of my team and me a greater understanding of the financial needs of family business owners,” said Vo. “It is very rewarding to know that there is a strong group of us who have the ability to educate our clients on the importance of business succession and retirement planning and guide them towards achieving their goals.”
Small businesses employ about half of U.S. workers. The 23 million small businesses in the United States (those having 500 or fewer employees):
· Account for 54 percent of all U.S. sales.
· Provide 55 percent of all jobs and 66 percent of all net new jobs since the 1970s.
· Added 8 million new jobs since 1990, even as big business eliminated 4 million.
· Occupies 30-50 percent of all commercial space, an estimated 20-34 billion square feet.
(Small Business Administration Office of Communications & Public Liaison Resources)
About MassMutual Greater Houston
MassMutual Greater Houston is designed to serve the many communities that make up the very fabric of this city. Our teams specialize in a variety of areas – from individual and business planning, to special needs planning, wealth management and risk management strategies.
Our Financial Services Professionals mirror the diversity of our client base, which is representative of the cultural richness and history of Houston. Our firm has served the Houston area since 1903. We pride ourselves on a culture of inclusiveness, and continually seek to attract the very best and brightest to serve the cosmopolitan marketplace we all call home.
Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC., Member SIPC. Supervisory Office: 3 Greenway Plaza Suite 1800, Houston, TX 77046, Phone 713-909-3188. The firm serves clients in the Greater Houston area. More information is available at https://greaterhouston.massmutual.com/
Founded in 1851, Massachusetts Mutual Life Insurance Company (MassMutual) is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(K) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Local sales agencies are not subsidiaries of MassMutual or its affiliated companies. CRN201901-208124
Minh Vo – MassMutual Greater Houston Midtown – 713.909.3188