Understanding the Need for Risk Management to Preserve and Build Wealth on BYL Network's Money Channel

Boca Raton, FL, August 02, 2016 --(PR.com)-- Cutick Financial, LLC has been selected to broadcast on BYL Network’s Money Channel starting August 1st, 2016 on www.bylnetwork.com. They were selected to help educate consumers and represent a new direction in insurance and risk mitigation planning for small business owners, entrepreneurs, and families, helping them protect and achieve their financial goals. Launched in mid-2014, Cutick Financial serves as a resource for reliable, actionable information and strategies.

Cutick Financial Founder, Todd B. Cutick focuses on financial risk mitigation, which is, at best, an abstract concept that will mean something different for everyone, but has hamstrung the entire financial planning industry. "While most advisors and financial planning companies are focused on helping people endlessly accumulate money, we're focused on helping people protect their tangible and intangible wealth. That includes not only insuring earnings potential, but also keeping more of what you earn from excessive taxes and banking costs. That’s how we differentiate ourselves."

As of January 2014, the Bureau of Labor Statistics calculates that 14.4 million people fit its definition of self-employed. And, according to the U.S. Small Business Administration, there were 28.2 million small businesses in 2011, and they made up all but 0.3 percent of U.S. employer firms. Small firms accounted for nearly two-thirds of the net new jobs created between 1993 and mid-2013, and they provide nearly half of private-sector employment, but few have the proper financial and legal foundations to protect themselves and their businesses. For families, 30% have no life insurance to protect the financial stability of their family, and for those who have some life insurance, over half are underinsured. The numbers are even starker for disability insurance, long-term care insurance, and annuities that insure an income stream regardless of how long people live. Financial plans begin with protecting what you have and will need in a crisis, not immediate wealth accumulation, which is a secondary consideration in the planning pyramid. The niche that Cutick Financial aims to fill is building the base of that pyramid to support everything above it.

About Cutick Financial - Founded in 2014, Cutick Financial is a privately owned financial services company that helps businesses, self-employed individuals and independent contractors protect and pursue their highest and most important values. We specialize in designing custom insurance policies, field underwriting, and custom risk-mitigation plans that build the necessary financial foundation to protect individuals, families, and businesses.