Why Busy Professionals Need a Personal CFO

If you’ve gained the benefit of high earnings and increased wealth-building opportunities, you may rely on a team of accountants and lawyers to manage your finances. However, this arrangement might lead to confusion when it comes to communication and streamlining your goals. How do you maintain clear lines of communication with all your representatives? Does their guidance always apply to your personal situation? If you’re struggling to make sense of your finances, and you lack enough time to communicate with your team, then a financial advisor may be a great solution. Financial advisors essentially act as your personal CFO and are able to coordinate with your entire financial and legal team.

Financial advisors take a hands-on, individualized approach to your finances and will provide a comprehensive overview of your assets and will guide your plans accordingly. Most importantly, they will help you prioritize tasks, focusing your financial strategies to ensure you’re taking meaningful action to grow and secure your wealth. It can be easy to get caught up in the details, but a financial advisor works to streamline your financial planning and helps you achieve your wealth management goals.

Some signs you may need a personal CFO in your life:

• You’re putting off financial tasks
• You worry about missing financial opportunities
• You are too busy to devote time to managing your financial life
• You dread sitting down to deal with financial “homework”

It can be easy to get caught up in the details, but a financial advisor works to streamline your financial planning and helps you achieve your wealth management goals.

If you’re focused on growing a business or making smart investments, it can be easy to overlook your personal finances. A financial advisor can provide an extra set of eyes to help you make wise professional decisions, in addition to guiding your personal expenditures. If you’re trying to purchase a vacation home, for example, and you don’t know where to start, a financial advisor who provides concierge services can conduct research, set a budget and determine what path is right for you. And with respect to tax reduction, advice provided by a financial advisor could save you hundreds of thousands of dollars per year.

Among other duties, a financial advisor builds an individualized understanding of your cash flow, from income to savings, and assists with insurance decisions, weighing a variety of policies and providers. They can also evaluate estate plans, review company benefits and advise on your portfolio. Above all, our financial advisors are fiduciaries, which means they will always be working with you and your family’s best interest at the forefront of every decision they make. By simplifying complex processes and consolidating services, a financial advisor provides cogent guidance based off your wants and needs.

If you’d like to learn more about how a financial advisor can empower your personal financial decisions, please do not hesitate to reach out for an individual consultation.