Saving Entrepreneurs a Billion in Tax with Pat Lonergan

Saving Entrepreneurs a Billion in Tax with Pat Lonergan | Financial Planner Search

Jul 3

In this episode of Financial Planner Search, Pat Lonergan, founder of Vital Wealth, serves entrepreneurs taking home over a million dollars a year who are frustrated by their tax bill. Pat runs what he calls a fractional family office - pulling cash flow, tax, investment, legal, and insurance planning into one coordinated framework for business owners whose complexity only grows as their income does.

Pat traces the practice back to his own real estate background - carrying half a million dollars in debt no longer tied to assets through the 2008–2010 downturn and his realization that the advisory world wasn't built for the entrepreneur. Most of his clients already have a great CPA, attorney, and investment advisor; what they lack is a strategy that ties those pieces together. He walks through his four levels of tax planning, explains why the CPA compliance model will never produce real tax strategy, and shares his REACH framework for making sure the wealth actually supports a life worth living.

Takeaways

* A four-level tax framework built specifically for high-income entrepreneurs

* Why your CPA isn't solving your tax problem — and what a fractional family office does instead

* The REACH model: Relationships, Experiences, Advancement, Contribution, Health

* A no-risk roadmap that averages $280,000 in income tax savings per client

* A mission to put a billion dollars back into the hands of entrepreneurs

Chapters

* 00:00 From real estate to financial advisory

* 02:11 Why entrepreneurs are underserved by traditional advisors

* 05:34 Who Pat serves — the $1M+ net-income entrepreneur

* 08:00 The four levels of tax planning

* 12:42 How clients find him + the Vital Wealth Strategies podcast