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YachtCFO™

     

   

Yacht ownership certainly has its many perks, but it also comes with a myriad of risks and challenges.  If you approach your yacht owning experience as a business, you can take full advantage of the various benefits that can be realized through operating a small business, as well as lower your tax liabilities and grow your net worth – all while achieving your business and yachting goals.   Corporate businesses commonly hire an internal Chief Financial Officer (CFO) to handle financial and regulatory affairs; however, in recreational yachting structured as a business, this is not always feasible.  Archetype Advisors will operate as your outsourced CFO, bringing the prudence of business management, financial strategies, practical business modeling, as well as tax guidance to drive results and success.  By partnering with Archetype, you’ll achieve peace of mind and ideal results.

Parts of the YachtCFO™ Plan include: 

  •  Customized Cash Flows / Net worth Impact
  •  Exit Strategies
  •  Tax Strategies
  •  Charter Center comparison
  •  Business Coaching and Advisor
  •  Monitoring and Operations to executed blueprint
  •  No-cost, business bank account with Pershing/ Bank of New York Mellon

 

Yacht Business Consultation

If you’re considering running your boat as a business to take advantage of all of the benefits that YachtCFO™ has to offer, Archetype Advisors would love to schedule an initial Business Consultation with you.  This introductory conversation will establish a foundation, and allow us to learn about your yacht ownership goals as well as your specific needs, to ensure that we provide the proper and prudent guidance to you as you work towards your yachting pursuits.  This consultation is also educational, designed to provide clarity and understanding of yacht ownership as a business, its tax advantages, and various business opportunities.  Feel free to bring any questions you may have pertaining to your yacht ownership plan to ensure you understand our next step as we navigate our charted course. 

 

 

Yacht CFO

Yacht ownership certainly has its many perks, but it also comes with a myriad of risks and challenges.  If you approach your yacht owning experience as a business, you can take full advantage of the various benefits that can be realized through operating a small business, as well as lower your tax liabilities and grow your net worth – all while achieving your business and yachting goals.  

Corporate businesses commonly hire an internal Chief Financial Officer (CFO) to handle financial and regulatory affairs; however, in recreational yachting structured as a business, this is not always feasible.  YachtCFO™ will operate as your outsourced CFO, bringing the prudence of business management, financial strategies, practical business modeling, as well as tax guidance to drive results and success.  By partnering with YachtCFO™, you’ll achieve peace of mind and ideal results.  

 

 

Collateralized Financing Program

Archetype Advisors offers yacht owners an Investment-based Credit Line (ICL) through Archetype’s relationship with Bank of New York Mellon (BNYM) and Pershing Advisor Solutions.   It is a flexible line-of-credit providing convenient and creative sources of borrowing for the purchase of your yacht and equipment.  Rather than liquidating securities, the ICL potentially eliminates the possibility of capital gain taxes by selling investments to make traditional down-payments.  The ICL keeps your long-term investment strategies and savings intact bringing flexibility, liquidity, and efficiency.  

Benefits: 

  • Significantly lower interest rates compared to traditional marine financing.
  • No appraisal fees.
  • Same week turn around, of funding the loan, flexibility of payment and structure to pay loan according to your desire.
  • The best way to make yacht ownership a net worth growth event.
  • Keep your assets intact, buy your yacht, let revenue from your yacht pay the note, so you continue to grow your personal net worth.
  • Access to other private banking options.

 

 Tax Preparation:

With yacht ownership, people require tax advice, guidance, and filing.  Archetype Advisors will facilitate the processing, preparing and filing of your personal and business tax returns.  We understand all the nuances of the business.  We know how to properly file taxes and ensure the correct deductions are taken to help avoid potential examinations and loss of net worth.  We will alleviate any tax-related stress and confusion. We can become your tax preparer or we will gladly partner with your existing accountant to guide them on the actions required with your yacht business tax preparation.