Wealth Management: Your Family CFO

CFO stands for Chief Financial Officer. In the corporate world, the CFO is a member of the core management team and oversees a company’s financial strategy. The president of any company depends on the financial expertise of the CFO to execute his or her vision.

Individuals and families can also benefit from having their own CFO, and we have adapted the concept and applied it to the context of your personal finances.

Learn more about a Family CFO:

On any journey, you need to know where you want to go, and have a good plan to get there. On a journey full of potential pitfalls, it is also important to bring an experienced guide.

To be at peace with your financial affairs you must know that your goals are achievable and that you are still headed in the right direction.

Life is full of change – and much of it is beyond our control. Even your goals are likely to change from time to time. The best we can do is to be prepared to respond properly as changes take place, from job and family situations to economic and political events.

A Family CFO is the experienced guide who can keep you on track along your financial journey. He provides wise counsel and can help make adjustments as needed along the way.

Does your financial picture reflect a series of strategic decisions or a collection of isolated actions?

Many people have an accountant, an attorney, an insurance agent, and a stock broker — but none of them know anything about what the others are doing. There are often investment accounts scattered among multiple brokerages and mutual fund companies. How can these individuals be certain that all the critical aspects of their financial picture are properly aligned and working within an integrated strategy?

Your Family CFO knows you well and can help coordinate all the moving parts within the context of your “big picture”. Depending on your needs, we can assemble a team of experts in areas such as estate planning, taxes and so forth, or work with your existing professionals to develop an integrated plan.

Perhaps you are thinking about a career change. Early retirement. You’d like to make a significant gift to a charity or family member. How does this impact your financial strategy? Who do you call?

A Family CFO is the first person you call whenever you have a financial question – anything from “should I refinance my mortgage?” to “what’s the best way to make a charitable gift?”

You can call on us for practical and objective advice whenever you have questions or financial issues that need to be addressed.

The financial arena is increasingly complex, with new products and services seemingly being created every day. How do you know what is right for you?

A Family CFO helps you evaluate new opportunities and needs as they arise. For example, you might have been reading about long-term care insurance and wonder if it makes sense for you to buy a policy. Or perhaps you have been contacted by someone who makes a pretty convincing argument for a real estate investment.

Even a good opportunity must still be right for you. We can evaluate these issues objectively in the unique context of your circumstances and goals.