Do you know which financial professionals you’ll want to take off the sidelines and put in the game? Have you taken a timeout to determine how to achieve your financial goals? What key players are on the field calling your next play? If you’re unsure how to cross the goal line, we’ve put together a roster of professionals to have on your side when it comes to planning your finances. Let’s take a look.
Find a Financial Advisor
Financial advisors handle investment management and provide planning services. They help to implement financial strategies for the long term while also providing advice and guidance with regards to your financial decisions. Advisors can take a look at your investment portfolio and manage it for you and balance it as well. These professionals might also offer philanthropic or education planning services. To learn more about the most common accredited investment credentials like the Certified Financial Planner (CFP®), Certified Private Wealth Advisor (CPWA®), or Chartered Financial Consultant (ChFC)®.
Pick a Personal Banker
When your banking needs become more complex – managing multiple checking or savings accounts, banking across state lines, or when maintaining personal and business accounts is your reality is a time for a high level of service. Utilizing a private or personal banker, opens the opportunity to have access to a person, or a dedicated team, who is able to fulfill special requests without a trip to the branch. Your personal banker is able to give you expert advice on how best to structure your bank accounts and offer access to premium services like wire and standing-order services. These professionals typically help with your banking, however, there is some overlap with global investment brands like JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley. These brands offer both wealth management and banking services as well. Perhaps, having your banker and financial advisor within the same brand is a benefit to you.
Include an Insurance Specialist
After insuring your tangible property like homes, autos, or valuables exists an array of other coverage options for life, disability, long-term care or even key business person coverage. Insurance specialists are able to educate and walk you through various insurance products to find what’s right for your life and financial goals. With regards to life insurance, they manage the risk to you and your family’s lives to find the appropriate policy you’ll need for yourself and your loved ones. Seek out a Chartered Life Underwriter (CLU®) professional who has advanced knowledge of life insurance underwriting and supports your estate planning needs. For long-term care, your insurance specialist, Certified Long Term Care (CLTC ®) can identify products that will work in partnership with your financial advisors plan.
Acquire an Accounting Firm
Accounting firms have distinct roles from your financial advisor, broker, or personal banker, as these firms provide you with expertise in both tax return preparation and tax planning services. They also offer tax strategies to work in your favor, and keep on top of the ever-changing tax laws and regulations from year to year. By acquiring an accountant, you’ll have the peace of mind in knowing your taxes are filed correctly. Joining forces with a Certified Public Accountant (CPA®) or an Enrolled Agent (EA) can keep you out of the cross hairs of the tax authorities.
Designate a Daily Money Manager
Certified Daily Money Managers (CDMM®) offer a lifestyle management service which completes your financial team. DMMs are a cost-effective way to eliminate the administrative burden of your complex finances. We strengthen your relationship with your other financial professionals by resolving issues and helping you keep on top of where your money is going. In other words, drafting a DMM onto your financial team to ensure your overall financial victory.
Keep your finances in play with this robust team of advisors, bankers, and daily money managers. Avoid fumbling the ball—run your finances with a championship-level team.
At Organized Instincts, our seasoned team of daily money managers will help you draft a winning financial team. Schedule a conversation and allow yourself to hoist the Lombardi trophy today.