Your financial situation is complicated by the bonuses, stock options and other equity-based incentives you receive in addition to your salary. However, as a corporate financier, your focus is often on the company's balance sheets, not your own. Meanwhile, acquisitions, mergers and other corporate events can further complicate matters, requiring your full and undivided attention.
Given these barriers, specialized financial advice is essential to the effective management and optimization of your personal finances.
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You'll be looking for an advisor who understands the nuances of executive compensation and has a proven track record of working with clients like you. They'll have a firm grasp of tax-smart strategies for managing concentrated stock positions and be able to ensure that every move aligns with your personal goals.
Here are some qualities to look for in a financial advisor.
Experience with executive compensation: They should have a comprehensive understanding of stock options, restricted stock units (RSUs) and other equity-based compensation.
Knowledge of tax strategies: An advisor should offer advice on tax minimization techniques, such as charitable giving and tax-loss harvesting.
Proven track record: Look for an advisor with a history of successfully managing the finances of........