When it comes to good financial planning, I highly recommend to my clients that they surround themselves with a good team of professional advisors. I’ve personally witnessed clients lose significant amounts of money as a result of receiving bad advice or trying to go it alone. On the other hand, I’ve seen clients reap the rewards from having a competent team of advisors. Having a good team can make the difference between accomplishing one’s long-term personal and financial goals or financial ruination.

Although hackneyed clichés, two rules of thumb are nevertheless helpful: “Two heads are better than one,” and “You don’t know what you don’t know.” A good team will combine their professional expertise to ensure that you are getting well-rounded advice. They will also lend their collective knowledge to help you avoid blind spots in your knowledge that could result in your making costly financial mistakes. At the very least, a sound team of advisors should consist of the following professionals:


  • A good estate planning attorney and/or business attorney
  • A competent real estate agent
  • A mortgage broker
  • A fee-only CERTIFIED FINANCIAL PLANNER™ practitioner
  • A Certified Public Accountant