156. “Why You Need a Personal CFO” with Joseph F. LoPresti

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Dawn talks with Joseph F. LoPresti. A seasoned founder of Arlington Wealth Management, with 39 years in the financial services industry and a history spanning more than two decades at the helm of his firm. Dawn and Joseph talk about why you need a personal CFO, not just for your business, but you need one personally.

In this episode…

Who is Joseph F. LoPresti and whom does he serve? (00:46).

What is the role of the CFO in business? (2:23)

A personal CFO has a different role from that of an accountant. (3:35)

How does owner financing in business sales impact your personal finances, especially when you're required to hold onto a portion of the equity or carry risk longer? (7:31)

How far in advance should someone bring in a CFO to assess the holistic financial picture and guide personal financial decisions based on the business's outlook? (9:36)

Is there a specific net worth or business size at which it makes sense to hire a dedicated CFO, especially for smaller businesses? (12:00)

How did you get into the role of a personal CFO, acting as a conductor for someone's personal finances? (14:47)

When applying the personal CFO approach to someone with years of siloed advice, where do you typically see the biggest impact first? (17:55)

Joseph F. LoPresti’s Information.

Website: http://www.arlington-wealth.com/

LinkedIn: https://www.linkedin.com/in/joeloprestiria

Youtube: https://www.youtube.com/@arlingtonwealthmanagement4262

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