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Cambridge Funding Analysis, the Fairfield, Iowa-based impartial dealer/seller, has launched an outsourced CFO providing to raised help its advisors working with high-net-worth purchasers.
The dealer/seller will pair advisors with a seasoned CFO, by way of a partnership with Hero CFO, a subsidiary of Compass CFO Options, to present the companies.
The brand new service can be accessible to Cambridge’s 3,700 advisors, who can select companies their purchasers might have on an a la carte foundation. That features family bookkeeping, digital invoice funds and price range preparation and evaluation.
“By making private CFO companies simply accessible, we’re revolutionizing the way in which monetary professionals and their purchasers entry concierge-level monetary reporting,” Tammy Robbins, Cambridge’s government vice chairman and chief enterprise improvement officer, stated in a press release.
The non-public CFO companies are a part of Cambridge’s Non-public Consumer Options program, which connects advisors with specialists on wealth and legacy planning, tax and property planning, enterprise proprietor options, insurance coverage, money administration and lending.
Different IBDs within the area have been beefing up their help for HNW-focused advisors in recent times. LPL Monetary presents a set of high-net-worth companies inside its LPL Enterprise Options division, together with help with case consultations, superior planning, property and philanthropic planning, tax planning, personalized portfolio building and entry to a “digital ensemble” follow.
Commonwealth Monetary Community has a complicated planning crew to help advisors with charitable planning, belief and property points, danger administration and funding taxation, government advantages and concentrated inventory planning, amongst different issues.
Earlier this 12 months, Cambridge introduced the launch of a brand new RIA aimed toward smaller, fee-only advisors in search of versatile acquisition choices. BridgePort Monetary Options is a standalone entity from Cambridge’s company RIA and dealer/seller and can take minority, majority or full possession stakes within the advisor companies that be part of the platform.
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