Your executive team is made up of your high-level advisors & partners. You rely on these subject matter experts to help your practice succeed.

Your executive team should include a core group such as your CPA, financial planner, practice consultant, long-term banker, personal & business insurance agents, and your various attorneys (business, practice transition, and estate planning attorneys).

You should make sure that your executive team is in alignment with your goals and objectives. Not all of these goals and objectives may apply & some may not be the same recommendations they would make. The discussion of your financial plan needs to be communicated so that they understand where you are going.

Whenever you go to a member of your executive team, you need to understand that they have different knowledge than your financial planner and advisor have. They may ask you certain, structured, standard questions but may not get to the reality of your situation to the same level of understanding as another team member. That can cause confusion & potentially result in recommendations inconsistent with your goals & objectives.

When you go to any of these team members, they will start with what they see and know about you. It is strongly encouraged that you document your goals and objectives so they can get up to speed quickly. If you don't set up your executive team correctly or with the right people with the right skills, you may find that self-interest influences could emerge.

You also may find that if you have very long-term executive team members that were helpful to you in the past, they may start getting more and more detached from your situation by their own life events & retirement. If you keep going to them without knowing that they may not have your best interest in mind, as far as your plan, you will need to evaluate whether it's appropriate to change your advisor. This can include your long-term investment advisor, a buddy in college that you followed all the way through when they recommended everything. You may not even have the proper setup in your retirement, and it may be very ineffective.

Working with us is highly beneficial to showing your other executive team members where you are going and what you have quickly through diagrams and explanations. Then they can start generating ideas of how they can best assist you with this plan versus trying to come up with ideas independently without knowing where you are going. An accurate or complete understanding of your specific situation & goals is risky as it could result in an efficient plan over time and cannot get you to where you want to go.