In the media

10.23.19 Smart Business Dealmakers

Business owners who fail to consider the tax implications of selling their business are asking for trouble, says Randy Carver, president and CEO at Carver Financial Services, Inc.

“If you structure the sale incorrectly and the proceeds are deemed income as opposed to capital gains, there can be 50 to 100 percent more tax paid,” Carver says. “Depending on what you’re doing, there may be ways to avoid the tax altogether, or defer it. If you’re selling to another company and you don’t need as much cash, maybe you do a stock exchange. There may be no tax implications at all.”

While it sounds like an easy mistake to avoid, Carver says he has seen far too many business owners take a less-than-committed approach to developing a comprehensive exit strategy before putting their company on the market.

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10.13.19 The News-Herald

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9.12.19 Cleveland Jewish News

Cleveland Jewish News - food drive donates 3,000 meals

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7.21.19 News Herald Lake County

“Everyone who comes here is working with a team; no one has their own clients. The idea is we’re building the next generation.” - Randy Carver

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06.30.19 Crain's Cleveland Business

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Click here for important info regarding awards mentioned in the article.


6.20.19 Cleveland Jewish News

Carver Financial 10,000-square-foot expansion underway

Carver Financial Services Inc. of Mentor began a 10,000-square-foot expansion June 12. 

In 2012, Carver Financial launched a five-phase improvement program and phases one through four have been completed. Read article.


10,000 Sq. Ft. Expansion Begins 6.12.19

MENTOR, Ohio, June 12, 2019 - The 10,000 Sq. Ft. Carver Financial Services Inc. expansion has begun at our Center Street location in the heart of Mentor. 

“This expansion is part of our
continuing commitment to provide our clients, team and community with a
comfortable state-of-the-art building,” says Randy Carver, President of Carver
Financial Services Inc., an independent practice, and Branch Manager with
Raymond James Financial Services. The expansion will double the existing
building size and is expected to be complete by the end of October.

In 2012, we began a planned five-phase improvement program for the building and behind-the-scenes infrastructure. Phases 1 through 4 are now complete.

  • Phases 1 and 2 were undertaken and completed in
    2012. This involved the complete renovation of computer systems and an update
    to the file center and basement conference center. This work also involved the
    complete demolition and remodeling of the second floor on the east side of the
    building. This upgrade allowed for an update to wiring, network and data
    technology while adding seven office spaces.
  • Phase 3 involved the renovation of the reception
    area and exterior of the east side of the building. The new exterior is an
    energy-efficient exterior insulation and finish systems (EIFS) system. This
    phase of the project also entailed adding new servers and digital
    infrastructure for the building. Both handicapped accessibility and general
    access were improved, and parking was expanded.
  • Phase 4 was the largest part of the project and
    was completed in October 2013. In this phase, the original one-story building
    was demolished and replaced with a state-of-the-art two-story facility.

“We appreciate everyone’s patience and
understanding as we complete these improvements,” commented Carver. “As with
our financial planning strategy, we want to be proactive with our facilities so
we can continue to provide exceptional service and a great experience to our
clients, and future generations, for decades to come!”

Since 1990, Carver Financial Services Inc. has been helping clients in Lake County and around the world enhance and maintain their standard of living while simplifying their lives. Randy Carver and his team manage more than $1.4 billion in assets, providing comprehensive financial planning with a focus on retirement income.


11.14.18 News Herald Lake County

Carver Financial Services recognized for success and growth.

See the full article in the News Herald by clicking here.

Opinions expressed in this article are those of the author and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice.

*Barron's Top 100 Independent Financial Advisors Source: Barron's “Top 100 Independent Financial Advisors,” September 2018. Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 4,000 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to the quality of practice include professionals with a minimum of 7 years financial services experience, acceptable compliance records, client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment picking abilities. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron's is not affiliated with Raymond James.


8.18.18 Barron's asks Top Advisors to Share their Best Idea's; Randy Carver quoted

Randy Carver interviewed and quoted in this Barron's Article on the Top Advisors sharing their best ideas on How to Find Income.

Click here for the full article.

Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 4,000 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to the quality of practice include professionals with a minimum of 7 years financial services experience, acceptable compliance records, client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment picking abilities. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of the advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron's is not affiliated with Raymond James. Rankings are comprised of wirehouses, independent and RIA advisors; individual advisors not required to be individually registered with FINRA.


3.2.18 News Herald - Lake County

Randy Carver named to Forbes list of Best-in-State Wealth Advisors

See the article in the News Herald by clicking here.

 


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