A personal CFO (Chief Financial Officer) acts like a financial quarterback for an individual or family. Instead of managing a company’s finances, they manage your financial life—strategically and holistically
A personal CFO typically:
- Coordinates all aspects of your financial life: investments, taxes, estate planning, insurance, budgeting, etc.
- Serves as your main point of contact across various financial professionals (CPA, financial dvisor, estate attorney).
- Builds a personalized financial plan based on your goals (e.g., retirement, buying a business, college funding, legacy planning).
- Advises on big decisions—buying property, starting a business, changing careers, etc.
- Makes sure your investment strategy aligns with your goals, risk tolerance, and tax situation.
- Collaborates with your CPA to optimize your tax strategy—sometimes finding deductions or efficiencies others miss.
- Helps with things like tax-loss harvesting, charitable giving, and planning for large liquidity events.
- Reviews your insurance coverage (life, disability, umbrella, property, etc.) to make sure you’re protected without being over-insured.
- Offers objective advice in emotionally charged or complex financial situations.
- Keeps you organized and on track, adjusting your strategy as your life evolves. Balefire’s team of professionals will help you bridge the gap between your life and your money—especially useful for busy professionals, business owners, or people with complex financial lives.