SBDC Sponsors 'Managing Your Wealth' for Small Business Owners

The University of Iowa Small Business Development Center (SBDC) is sponsoring a seminar to help small business owners create and manage their personal wealth. The seminar, titled "Managing Your Wealth," will be held Monday, Aug. 9, from 8:30 a.m. to 10:30 a.m. in Room S401 of Pappajohn Business Building at the corner of Jefferson and Clinton Streets in Iowa City.

Business owners have always been responsible for ensuring their financial security in retirement. Increasingly, employees must bear the responsibility as well. This presentation provides a general framework for business owners to manage their wealth, and outlines these concepts:

--Asset allocation

--The ability and need to take risks

--Liquidity

--Tax sheltering and costs

--The need to outpace inflation

The instructor for "Managing Your Wealth" is John H. Spitzer, clinical professor of finance at the Henry B. Tippie College of Business. Spitzer has a Ph.D. from Duke University, an M.S. from the UI, and a B.S. from Stanford University. He joined the UI in 1995. His previous work experience includes: senior economist at the Board of Governors of the Federal Reserve System; vice president at the Federal Home Loan Bank of San Francisco, vice president at Fannie Mae; and vice President at Salomon Brothers. Spitzer is a native of Iowa City.

The fee for the seminar is $35. To register, call the UI SBDC Office at 319-335-3742.

Contact: Paul Heath, Small Business Development Center, 319-335-3742

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