Elevate customizes our individual services to meet your needs. Alternatively, we can be engaged to act as your fractional CFO bringing our entire menu of services to elevate your firm. As your fractional, or outsourced CFO, we bring the same value to your firm as you bring to your clients. We’ll focus on your financials, so you’re free to focus on your RIA business.
What is a fractional CFO?
Hiring a full-time CFO can come at a significant cost – typically over $250,000 annually. A fractional CFO, sometimes referred to as a virtual CFO, is an affordable way for your RIA firm to get all the benefits of an in-house CFO. By providing you with a “fractional CFO team,” Elevate broadens the traditional role of a CFO. In addition to typical accounting services —such as bookkeeping and forecasting, controller and in-house tax expert to name a few— Elevate supports you with proactive financial guidance and specialized expertise. Our fractional CFO service includes:
- Tax Planning
- Monthly Accounting and Tax Return Preparation
- Annual Business Valuation
- Cash Flow Planning and Projections
- Compensation Planning
- Industry Benchmarking
- Managed Fee Calculation Review
- Personal Financial Statements
- Resources and Insights
How could a fractional CFO benefit your firm?
When serving clients is your top priority, it can be difficult to keep up with your firm’s financial and accounting needs. This is where Elevate can help. We provide you with a dedicated CFO team consisting of accountants, CPAs, advisors, and tax professionals. In addition to managing your firm’s financials, we provide you with a daily snapshot of your firm’s financial health. We also keep your RIA firm up to date with all applicable accounting and reporting requirements, removing this persistent worry from your plate.
How could a fractional CFO help your firm grow?
The day-to-day accounting and financial tasks required to run an RIA business can easily become overwhelming. As your in-house financial and tax expert, we help you check these tasks off of your list for good. With fewer worries and more time, you’re empowered to do more of the work that really matters.