Sean McCloskey, chief executive of Tax & Financial Group, has a big announcement for the 53rd anniversary of the Newport Beach-based firm, begun by his father, Dick McCloskey, in 1970.
“We’re really excited that we’re launching a new brand update,” Sean McCloskey told the Business Journal.
The update, announced April 27, includes a new logo that will be incorporated across all its communications.
TFG says the new look “continues to embody our principles and commitment to delivering exceptional financial solutions and reflects our innovative and forward-thinking approach.”
TFG was one of five honored last June at the Business Journal’s 23rd Family-Owned Business Awards in the Midsize Business category.
The company knows a lot about the importance of family. At least five key tenured associates have children or siblings serving in important roles in the company, which has 100 employees at offices throughout Southern California as well as Hawaii, Colorado, Ohio and Texas.
“Lots of family members are involved in the business,” Sean McCloskey said last year. “We may not all have the same name, but we’re all a family. It’s a beautiful thing.”
When Dick McCloskey began the business, it initially focused on providing life and disability insurance to physicians and the professional community.
In the 1980s, Dick McCloskey found a niche advising company owners on succession planning where there are plenty of what he calls “tax traps.”
He found little competition because he was “agnostic” about whether the owners should sell their companies as opposed to brokers who pushed for the sale, said Dick McCloskey, who occasionally will pop into his office.
“Orange County is the family business capital of the world,” Sean McCloskey said. “There are more small and medium businesses than anywhere else by far in the United States. That’s who my clients are.”
Later this year, TFG will also release an enhanced website. “We had a great year last year. We’re continuing to expect real growth going forward,” he said.
