MassMutual Agents Earn Professional Designation in Family Business Planning

09/16/2016

Jean-Paul Aime, Andrew Klein, and Jason Lettenberger show commitment to business owners and their planning needs through continuing professional education.

 

Jean-Paul Aime, Andrew Klein, and Jason Lettenberger, financial services representatives with the MassMutual Wisconsin agency, a Massachusetts Mutual Life Insurance Company's (MassMutual) general agency, have earned the Certified Family Business Specialist (CFBS) designation. The additional training will help Aime, Klein, and Lettenberger identify the needs of a 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).

 

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

     

    This achievement places these gentlemen in an elite class of financial services professionals who provide services to family-owned and closely-held businesses regarding succession planning, family business dynamics and business protection products specifically tailored to the needs of these  business owners. They have earned this designation, offered solely for MassMutual financial professionals, through a rigorous educational program at The American College in Bryn Mawr, Pa. 

     

    “I’m pleased to recognize these financial professionals for completing the course, giving them a greater understanding of the financial needs of family business owners,” said Tim Powers, President and CEO of MassMutual Wisconsin. “These gentlemen now have the ability to educate clients on the importance of business succession and retirement planning and guide them towards achieving their goals. The designation is regarded as a significant professional milestone, reflecting a commitment to business owners and their financial needs through continuing professional education.”

     

    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

MassMutual is a leading mutual life insurance company that that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. For more information, visit www.massmutual.com.

MassMutual Financial Group® is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates and sales representatives. Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC., Member SIPC 525 Junction Road, Suite 8100 North, Madison, WI 53717 (608) 829-0015. Agency officers are not officers of MassMutual or its affiliated companies.