At Legacy Wealth Advisors of NY, we often describe ourselves as a financial planning firm— helping individuals, families, and small businesses make informed financial and estate decisions. But what truly sets us apart is the time and dedication we pour into consulting— especially in the world of small businesses and family-owned agricultural operations.
Our role goes far beyond managing wealth. We step into the heart of family businesses, where relationships are intertwined with decision-making, and where the transfer, sale, or monetization of a business requires navigating a web of personal and professional complexities.
Agriculture, in particular, holds a special place in our practice. Over the last 25 years, we've worked with countless agricultural businesses, guiding them through vital processes like leadership succession, management team dynamics, and, ultimately, setting the stage for a successful transition- whether through a sale or transfer. We understand the unique challenges these businesses face and have the expertise to manage both the business and family dynamics that often come into play.
Small business owners have a different mindset, a distinct drive, and a unique set of skills. They are doers, risk-takers, and leaders by necessity. We’ve made it our mission to understand these individuals. This commitment isn’t just part of our job— it’s ingrained in our culture and fuels our sense of purpose. We find deep satisfaction in working through complex cases, particularly when we can help a business owner achieve their goals, whether they’re clear from the start or emerge over time.
Often, business owners are unsure of what they truly want. Is it financial security? Freedom from daily operations? Recognition or a legacy that lasts beyond their tenure? It’s not always a straightforward answer. Our job is to help them find clarity and make the right choices for their future.
One of the greatest challenges we face is guiding businesses through succession. We’ve seen both ends of the spectrum— families where the older generation refuses to relinquish control and those where they mentor and support the next generation into leadership. No situation is black and white. Each transition is unique, with layers of emotion, responsibility, and expectations. It’s a lot like watching a super ball bounce around a room with endless corners— it’s unpredictable, and the direction can change with every decision. That’s where we come in, offering guidance and strategies to help the ball land in the right place.
This level of consulting takes time and patience. Many of these business transitions are long and difficult, but the reward of helping a business owner achieve success—whether that’s financial freedom, a well-executed transfer to the next generation, or simply peace of mind—drives us to do the hard work. While these cases are more challenging and take longer to complete, the sense of accomplishment is unmatched.
At Legacy Wealth Advisors of NY, we are committed to the success of small business owners. Our expertise in consulting, particularly in the agricultural sector, allows us to take on the most complex situations with confidence. It’s not just about the money or the strategy— it’s about helping people navigate their personal and professional challenges to get the most out of their business and their lives.
Mark J Modzeleski, CFS, CLTC, AIF
President, Legacy Wealth Advisors of NY