Whether planned or not, all businesses will eventually go through some type of transition. With extensive experience advising businesses, the Private Bank can identify and act on trends that drive opportunities for the closely-held business owner. Our expertise encompasses a multitude of industries and geographies, and we have assisted owners with varying degrees of preparedness for their next transitions.
There are a number of factors and goals to consider when creating your ownership-transition strategy. However, the earlier a plan is formulated – and more importantly, implemented – the more accretive it can be for your transition.
The healthcare and life sciences industry is anything but quiet. The business lifecycle continues to accelerate, creating both pressure and disruption for business owners and managers alike. Increasing M&A activity, changes to the supply chain with vertical alliances such as CVS-Aetna, encroachment by tech giants, and evolving innovations are all driving one of the most exciting periods in the industry. Owners and managers can expect calls from interested parties looking to grow and innovate through acquisition, partnership or joint-venture arrangements.
The Private Bank’s Charitable Giving Fund is a “donor-advised fund (DAF) that’s administered by National Philanthropic Trust (NPT). This charitable giving vehicle gives donors a simple and cost efficient solution for giving.
NPT has seen a large demand across the country in “charitable strategies for business transitions” due to the tax efficiency and charitable impact for business owners (attachment highlights the mechanics and benefits). This would be a timely piece with year-end planning for a lot of our audience.
Ken Greaney is a Vice President and Banker with the J.P. Morgan Private Bank in Cleveland, Ohio. In this role, Mr. Greaney and his team provide individuals, families, public and private foundations and endowments in the region with comprehensive wealth management strategies, ongoing guidance and customized plans to address their balance sheet needs.
Before joining J.P. Morgan, Mr. Greaney served as a Vice President and Wealth Advisor at Key Private Bank, Key Bank’s trust company and fiduciary wealth management group. He worked with a team of advisors who delivered customized financial advice to high net worth clients and their families. Prior to this, he was a Regional Vice President with Fisher Investments in their Private Client Group. Early in his career, Mr. Greaney worked in the Private Asset Management Group of Bank One when it merged with J.P. Morgan.
Mr. Greaney earned his Bachelor of Science from Miami University School of Business Administration.
Greg Keegan is an Investment Specialist and Vice President with J.P. Morgan’s Private Bank in Cleveland, OH.
In this role, Greg is responsible for providing investment strategy, advice and execution to individuals, families, and non-profit
organizations. He leverages J.P. Morgan’s select team of specialists across the firm to recommend and design highly
customized, comprehensive investment programs tailored to each individual based on their unique goals and objectives.
Prior to joining J.P. Morgan, Greg counseled clients at Key Private Bank and Bernstein Private Wealth Management in both
Advisory and Management roles in the Cleveland and Denver markets. His main focus has been in the areas of investment
management , financial planning, trust and estate planning, tax planning and leading various national projects. He also worked
as an Analyst for Time Warner Telecom performing complex financial and capital expenditure analysis. Additionally, he has
held various training and sales roles with both Sprint and AT&T.
Greg received a Bachelor of Science degree from Hillsdale College with a major in Biology and Chemistry. He holds an MBA
with a specialization in Corporate Finance from the University of Denver.
He lives in Chagrin Falls, OH with his wife and three children where he is an avid fly fisherman and enjoys playing golf.
It is a marketing name for private banking business conducted by JPMorgan Chase & Co. and its subsidiaries worldwide. Bank products and services, including certain discretionary investment management products and services, are offered by JPMorgan Chase Bank, N.A. and its affiliates. Securities are offered by J.P. Morgan Securities LLC, member FINRA and SIPC.