WealthCounsel’s CEO Weighs in on State of the Union Address

Incentivizing Domestic Job Creation to Reduce Outsourcing Overseas is Key to Recovery

Denver, CO – Jan. 25, 2012 – Following President Obama’s State of the Union address, Matthew T. McClintock, J.D., CEO of The WealthCounsel Companies, announced that the President’s call for a bipartisan effort to incentivize businesses to bring jobs back to the United States is a much-needed and positive move toward economic recovery.

“It is encouraging to see the President make this a focal point in the State of the Union address,” stated McClintock. “As estate and business planning leaders, we are particularly pleased that leadership in Washington is aware of the significance outsourced employment has on the economy. It’s certainly an issue that has been top of mind in our industry,” McClintock added.

McClintock noted that on January 9, 2012, WealthCounsel released the results of its annual industry trends survey which drew participation from 1,085 respondents comprised of attorneys, CPAs, financial advisors and wealth managers. The survey revealed that 71 percent of respondents believe that our political leaders should explore incentives for American businesses that are willing to participate in the reshoring trend to help return jobs to the U.S.

More than 17 million family-owned businesses in the U. S., comprising 90 percent of all U. S. businesses, account for 64 percent of our GDP. McClintock cautioned that as Congress debates this issue, they should be mindful to avoid onerous regulations that can be costly for small businesses.

“The focus should be on growing small businesses and helping them thrive not only through a down economy, but through succession of ownership,” McClintock stated.

McClintock stated that WealthCounsel attorneys are on the front lines each day as they serve the business and succession planning needs of small businesses. These professionals have first-hand knowledge of how the post-2008 recession caused serious concern among business-owner clients. According to the same industry trends survey cited above, 40 percent of respondents indicated that business clients have postponed the hiring of new employees and have taken on a “bunker mentality” while waiting for an economic recovery. Copies of the survey’s findings may be downloaded from the WealthCounsel website at www.wealthcounsel.com.

About The WealthCounsel Companies
The WealthCounsel Companies help estate and business planning attorneys and other wealth professionals serve clients more effectively, more efficiently, more competently, and more profitably. Established in 1997, WealthCounsel® is a membership-based organization of thousands of estate and business planning attorneys located in all 50 states. The company shares ownership in ElderCounsel and The Advisors Forum, is the publisher of the WealthDocx® Trust and Estate Planning Software system, the nation’s leading automated drafting system for trust and estate attorneys.