BOARDMAN, Ohio -

Sometimes, having an extra cook in the buy-here, pay-here kitchen can be helpful.

At least that’s the intention of the new relationship between Buckeye Dealership Consulting and Auto Dealer Services Group (ADSG).

Buckeye, a national provider of re-insurable finance and insurance products for BHPH and independent dealerships, recently teamed with ADSG, a division of Peachtree Planning Corp. and one of the nation’s largest financial planning firms with a team that specializes in working with independent dealers on reinsurance investment strategies and succession planning in a tax advantageous manner.

According to a news release, this arrangement will provide Buckeye’s customers with greater opportunity to invest and control the revenue in their reinsurance companies and better manage their financial resources now and plan for retirement and future business succession.

“By creating their own reinsurance company, dealers can share in the underwriting products for F&I products they offer in the dealership including how funds in the reinsurance company will be invested,” Buckeye chief executive officer Rob Fox said in the news release.

“Teaming with ADSG was natural opportunity to connect our dealers with a source to further help them accomplish their long-term planning goals,” Fox continued.

ADSG said it has an “unparalleled” track record of helping independent dealers find financially beneficial places to hold these types of accounts.

“We help owners with both personal and business planning to increase cashflow, reduce taxes and transition their businesses to the next generation in a tax efficient way,” ADSG president Mark Burkholder said.

“Although we are not under the same roof as Buckeye, we’re of one mind when it comes to assisting with and protecting the financial health and well-being of our clients,” Burkholder

Buckeye executive vice president and chief legal officer Shaun Petersen was a part of helping to put the venture together, pointing out how both firms immediately recognized the numerous benefits to independent dealers of all stripes of working together.

“Combined, the services Buckeye and ADSG provide will give dealers comprehensive resources to build their business and protect it for their families now, through retirement and beyond,” Petersen said.