As a business owner looking for a financial advisor in Alexandria or the Metro D.C. area, you have many to choose from. How do you know who is the best choice for you?
Over Three Decades of Serving Business Owners
If you’re a business owner, you likely have a complex financial life. So there’s no substitute for having someone with the right expertise to help you make the best possible decisions for the future.
Not every financial advisor will have that level of sophistication, however. For example, many financial advisors are not business owners themselves and don’t understand your pressures or the need to focus on finding synergies and tax savings.
Ideal world, find a firm that specializes in working with business owners. It’s also important to find a firm with decades of experience, so they have proven their ability to help clients navigate different market cycles.
Value of a Single Source
As a small business owner, there’s no escaping that your personal and business finances are inter-related. That’s why it is usually far easier to get business and personal wealth management and insurance from a single source.
That way, you only have one call to make, and the team is familiar with all of your needs.
More Services Means Fewer Headaches for You
With your busy schedule, it’s usually also best to look for a firm that can help you with all of your financial needs, not just one or two. Otherwise, you can end up duplicating efforts with multiple professionals, which can leave you with conflicting recommendations and higher fees.
Additionally, you want to take advantage of smart tax and estate planning strategies which can help you reduce your tax liability and help shield your personal wealth from business creditors. To do that, it is best to find a firm that can help you with all of these needs:
Ongoing Service and Support
Finally, be sure to investigate how the firm keeps you updated and on track to achieving your goals. A financial plan that sits on a shelf won’t do you much good. You need a team that will stand behind you, helping keep you accountable to your own goals…so you actually achieve them.
Learn more about Potomac’s unique services for business owners.