The Family CFO Process
Welcome To The Family CFO Process
Clients often engage us to be their personal CFO, streamlining the financial planning process and eliminating the need for multiple advisors. The resulting relationships are analogous to the structure of a professional sports team, with an owner, a coach and players.
The Exploratory
Discussion
A “get acquainted” session where we learn about you, your goals, priorities and concerns, and you learn about us, our core competencies and the scope of our services.
The Discovery
Session
An intensive fact-finding session where we become intimately familiar with your current financial situation and help you lay the groundwork for developing your financial game plan.
The Wealthcare
Simulator
Detailed financial planning projections that provide you with “The Crystal Ball Experience®” for your financial future. Using our unlimited “what if” simulator, we help you analyze how alternative cash flow, tax, and investment strategies will impact your standard of living.
The Strategy
Session
Goal setting to prioritize your short and long-term goals and development of the action steps necessary to put your financial game plan in motion.
The Family
CFO® Solution
We assist you in implementing all of your financial decisions, including your estate analysis, managing your investments, minimizing taxes, resolving insurance issues, and securing your retirement
The Wealth
Management System
A wealth management tool that helps you track your financial progress and provides a mechanism for ensuring that the various aspects of your financial life are reviewed on a regular basis.
| Business Owners | > Click for Video |
| Physicians | > Click for Video |
| Individuals | > Click for Video |
Using the Family CFO® Process, we will assist you in designing a customized strategic financial plan for accounting, managing and, if need be, transferring your wealth from one generation to the next. Our process is uniquely designed for Business Owners, Physicians and High Net Worth Individuals.
The Family CFO Platform
This platform is the basis for all of the other services EFG provides to private clients. It is here that we organize your assets, asset allocation strategy, insurance, and your financial and estate plans to help simplify, consolidate and integrate every aspect of your financial future.
Organize, Consolidate and Integrate Your Finances
- Financial goals/plans
- Balance sheet/net worth statements
- Asset allocation strategy
- Account aggregation
- Cash flow/retirement models
- Tax and legal documents [wills, trusts, tax returns]
- Insurance coverages and summary
- Estate plan
Benefits to EFG Clients
- Immediate access to all financial matters in a single location
- Current information
- Your accounts and assets are always current
- Your balance sheets are updated daily
- Analysis
Your updated financial status is automatically integrated into your comprehensive financial and estate plan, continuously providing you with a meaningful, up-to-date analysis.
For Today
You have unique needs and financial goals. The EFG team works with you to customize a plan based on the full range of financial and estate planning issues you are likely to face over the course of your lifetime. We evaluate your overall asset allocation to ensure that it matches your goals and your tolerance for risk. Using comprehensive financial models, we make sure that nothing is left to chance.
For Tomorrow
Clients also rely on us to help them look ahead to their spending needs at various points in their lives, including retirement, considering all sources of income.
Why would affluent clients choose Epstein Financial Group as their "Coach"?
First and foremost, EFG has specific expertise in wealth management. Our focus is on advice, not products. Like a good coach, we look at the whole field, determine with you the best strategies to reach your goals, and find the best players to make it happen. (You may also choose to include EFG's asset management or insurance brokerage divisions among the players on your team.)
What sets EFG apart from other financial advisors is the comprehensive nature of what we accomplish as your family’s CFO.
Let's look at the different types of financial advisors:
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The Coaches and Players
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Emphasis on Advice More
Less |
Practice Type
|
Definition
|
|
Wealth Manager "The Coach" The Family CFO® |
A more sophisticated level of financial planner who includes complex issues such as stock option planning, charitable giving, trust and estate planning, executive planning, etc. | |
|
Financial Planner
"Minor League Coach" |
Develops a financial plan that focuses on basic retirement planning, insurance needs and general asset allocation strategies. | |
|
Money Manager
"Player" |
Typically a sole practitioner who manages client assets. | |
|
Insurance Broker/Stock Broker
"Player" |
Retail salesperson who takes orders from consumers to fulfill specific financial product needs. | |
Financial Planning
Coordinating your entire financial life to form a completely integrated strategy.
Every aspect of our clients’ financial lives is mapped out over time with the help of our expert team of financial planners. With a number of specialists in distinct fields of expertise, we carefully coordinate your finances to form a completely integrated strategy that is based on your goals and objectives. Your plan drives all present and future financial decision-making.
