here’s what you’re looking for: anthony glomski

pro member exclusive

your client’s instincts are wrong

dollar being built of blockshow you as the personal cfo can help.

by anthony glomski

let’s examine in detail some key drivers of investment success:

  1. diversification can provide a smoother investment journey – and greater
    wealth.
  2. global exposure adds value.
  3. diversity with fixed income.
  4. control what you can control.

more: when clients don’t listen | what clients need to know | what level of advice do entrepreneurs need? | three components of collaborative wealth management
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

andrew carnegie’s advice for growing assets – put all your eggs in one basket and watch the basket – is sage wisdom when it comes to building a great enterprise. that strategy has worked for you as an entrepreneur, and it’s likely why your clients are successful, too
read more →

pro member exclusive

when clients don’t listen

plants growing out of ever taller stacks of coins in dirtsometimes hands-off is the best approach.

by anthony glomski
your $5 million high-net-worth practice

staying invested consistently is the all-weather approach. what do we mean by this?

more: what clients need to know | preserving wealth is a different mindset | three approaches to investment consulting | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

some of our clients reside near us in los angeles, where the average annual temperature is a very comfortable 65 degrees. in southern california, our “seasons” don’t vary much from the average annual temperature of 65. other clients reside in new york city, where the average temperature is cooler, but still a very comfortable 56 degrees. however, the temperature swings are much more significant in the big apple, ranging from stifling heat and humidity in the summer to icy temperatures and falling snow in winter.
read more →

pro member exclusive

what clients need to know

diversify and function as a fiduciary.

by anthony glomski
your $5 million high-net-worth practice

the first thing you and your clients should understand as investors looking to make smart financial decisions is this: the broad asset classes you choose to own (such as stocks, bonds, alternatives, real estate, private equity and so on) and the percentage of your household wealth that you allocate to each of those asset classes will have a greater impact on your future investment returns than any other decision you make – including which individual stocks you buy.

more: preserving wealth is a different mindset | do you know your client’s total picture? | what level of advice do entrepreneurs need? | three approaches to investment consulting | the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this means your first question as intelligent investors must be: how should i allocate my assets among the major asset categories?
read more →

pro member exclusive

preserving wealth is a different mindset

businessman sitting on stacks of paper currencyhard-charging entrepreneurs might need to flip their risk perspective.

by anthony glomski

after helping clients sell a business, it’s crucial to focus on preserving wealth. this may require them to adopt a new mindset about their money, investing and risk.

more: do you know your client’s total picture? | what level of advice do entrepreneurs need? | three approaches to investment consulting | the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in the old world, you could choose not to help your clients with their investments. now it’s expected that at a minimum you will understand their investment plan and overall retirement plan. you don’t have to be the expert in every aspect of their financial plan, but you do need to make sure that all the different parts of the plan are aligned – and that all the other specialists working on behalf of your clients are aligned in their efforts.
read more →

pro member exclusive

do you know your client’s total picture?

diagrambonus case study: the cpa who saved a family’s net worth.

by anthony glomski

i realize that not all of your clients are entrepreneurs. but, consider this: 90 percent of all the wealth in the u.s. is owned by business owners and 10 percent is inherited. nearly every cpa i know works with business owners and their families. with all the changes impacting the cpa profession today, it’s imperative that you get comfortable changing lanes and adopt a more consultative role with your clients.

more: what level of advice do entrepreneurs need? | three approaches to investment consulting | the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

if you’re a cpa and you’re not actively overseeing all the people helping your clients with their financial lives, then you’re missing a big opportunity with your practice. you’re overlooking the opportunity to make a massive impact on the lives of your best clients, their families and the causes they care about.
read more →

pro member exclusive

what level of advice do entrepreneurs need?

maze with word "plan" at the centerhelp them navigate the maze of options.

by anthony glomski

the financial services industry has failed some of your clients who are entrepreneurs. a big gap can exist between what they pay (and the services delivered) versus what they need.

more: three approaches to investment consulting | the role of the personal cfo
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we can agree that your clients will usually need an investment management solution. but how can you help your client sort through the different advice options to get them aligned with the right professional?  how can you determine who is the right fit for your practice to develop a working relationship? the diagram below is the hierarchy of advice available:
read more →

featured

three approaches to investment consulting

two businesspeople meeting over coffeewhat “wealth management” means and what it doesn’t.

by anthony glomski
the personal cfo

the term “wealth management” comes up time and time again as you seek advice about helping your clients with their financial challenges and opportunities.

more: the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

people throughout the financial services industry like to call themselves “wealth managers” or “wealth advisors,” but research shows that only about 1 in 16 financial professionals really provide collaborative wealth management. this type of client relationship includes not only investment consulting, but all aspects of advanced planning and relationship management. mostly they focus on investment management services that everyone else provides. in most cases, standard investment management services are not enough to make a meaningful difference in your client’s total financial picture. but your role as your clients’ personal cfo does make a huge impact.
read more →

featured

the role of the personal cfo

woman and man talking with coffee, laptopyour client? the family ceo.

by anthony glomski

truly consultative collaborative wealth management stands in stark contrast to how most investors and their advisors operate today. even the most affluent and successful people you know – professionals, entrepreneurs, executives – rarely take this type of coordinated and comprehensive approach with their finances.

more: three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the vast majority of people tend to address retirement, estate planning and other financial goals on an ad hoc basis – treating these issues as separate concerns and placing each one in its own discrete box. given that, their efforts to deal with their many interconnected issues are not coordinated. this leads to challenges that can jeopardize their financial health as well as that of their families, their practices or their businesses.
read more →