Summary: Being a personal CFO to your owners, things to consider in your daily role and tips to plan for future succession.

• How to think like a personal CFO in a privately held company.
• Tips controllers and CFO should be thinking in ways to help their owners
• How to use your advisors to extend your skill set in serving your owners
• Succession planning best practices.

Todd McClain, Plante Moran

As the personal CFO for many high-net-worth individuals and their families, I take a holistic approach to wealth management. I believe that optimal financial planning involves connecting the dots between cash and investment management; business, estate, and insurance considerations; and sound tax strategies. This is my chosen approach when I serve clients, and they appreciate the fact that I care about their financial future.

I also care about the future of the firm. As a leader in Detroit, I have an opportunity to foster a collaborative environment every day. This collaborative spirit extends to my college recruitment efforts; I’m always on the lookout for talented students who can make a commitment to serving clients.

I am a Certified Financial Planning® professional and have my Certified Investment Management Analyst® certification. I have a B.A. in finance from Michigan State University and an M.S. in finance from Walsh College.

CPE: 1 hour
Level: Basic
Prerequisites: None

 

The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org