Why you need a personal CFO

A common scenario we often encounter with prospective clients is that they lack a leader or a CFO when it comes to their finances. Your personal finance CFO is someone who brings all the resources and experts together to plan for your life and financial milestones. Why do you need a CFO for your personal finances? Watch video below to find out:

The prospective client does not have the time to manage their own money

Typically, the prospective client is someone smart who’s had a lot of success in their career and financial life and as a result, has gotten super busy. They usually have silos of experts. For example, they might have a CPA who does their taxes. They might have a trust attorney, who helps them with trust matters. They might have a banker to help them with lending. They also, typically have various investments in real estate, some stocks, private company shares, etc. However, there isn’t that leader, that CFO, that brings all of these resources together and helps the individual organize and plan for each life milestone.

As a result, your finances will still function but at a subpar level. For example, you might miss out on a big tax planning opportunity. Or might not have a sounding board to vet new investments. Or, you might not plan the best you could for a big life milestone, such as the sale of your company.

A personal CFO can bring the resources together to help you

Having that advisor who meets with you periodically, who knows where you’re going, and has the knowledge and experience to bring all of those experts together and help you plan for these life milestones will add to your net worth, improve your financial life, and also save you time.

If you’d like to understand how we work with clients in organizing their finances and taking the lead to bring all the experts together to proactively plan for the various life milestone the client goes through, please book a call below: