EideBailly

Executive professionals, such as CEOs or CFOs , are responsible for oversight and leadership for the company they work for. They typically work for a mid-to large-sized business, hospital or even a non-profit. These professionals may benefit from having their own “personal CFO” to look after their personal financial needs. The following categories may be issues affecting executive professionals:

Cash Flow

• Projecting ahead what is needed to meet retirement goals and objectives
• Planning to meet personal cash flow goals, such as college savings or the purchase of a second home

Risk Management

• Planning for the personal insurance needs of the family in case of death or disability
• Ensuring estate documents are up-to-date and accurately specify the clients needs/wishes

Investment Management

• Managing the possible distribution of deferred compensation programs
• Managing investment and retirement accounts