Mark Sandvik is confident he can help business owners effectively convert business wealth into personal wealth.
Sandvik, a 1985 graduate of Steamboat Springs High School, opened the new Prudential Financial Office in the old Pilot building earlier this year.
"I can provide strategies to transfer business wealth to personal wealth in tax-efficient vehicles," Sandvik said.
Sandvik left the Yampa Valley more than 15 years ago to pursue his education and career. He and his wife found themselves returning to Steamboat Springs so often that they became determined to make career shifts that would allow them to live here.
A master's degree in health care administration and an MBA from the University of Colorado at Denver have allowed Sandvik to build considerable expertise in the financial workings of health care practices and hospitals.
Most recently, he guided the hospital in Sidney, Neb., through a major renovation and addition project. Previously, he worked as a consultant providing financial and operational consulting for the health care industry. At one time, he stepped in to manage a medical practice in Missoula, Mont., that employed 32 physicians.
Sandvik reached the conclusion that a career shift to financial planning for businesses and individuals would allow him to prosper here.
"I chose Prudential because I believe they give me the best chance to succeed," he said.
His background makes Sandvik well qualified to advise clients working in the health care industry, but he's equally eager to work with business owners of all kinds as well as with young families interested in building a plan to secure their futures. Sandvik said he also can advise older couples contemplating retirement or estate planning.
He is licensed to sell securities and insurance, and not just through Prudential. He also is prepared to provide planning services for groups of employees within a single company.
For many clients, the process will begin by seeking to define what retirement means to them, Sandvik said.
Sandvik said he understands that many business owners are so busy with the day-to-day activity of growing a business that they aren't always focused on comprehensive financial planning.
"They are people with increasing responsibilities," Sandvik said. "They may have just gotten married or had a kid. They have a business that's growing. In the haste of running a business, there isn't much focus on an asset protection program. People focus so much on accumulation (of wealth), they don't think about, 'How am I going to get this money out?' I can offer disbursement options."
Sandvik said he can draw on the expertise of strategic investment research groups within Prudential to build a portfolio of securities for clients. Prudential's team in Colorado comes up with its own preferred list of funds.
Sandvik's office is at 1041 Lincoln Ave. He can be reached at 879-8188 or at email@example.com.