This is vacation time, and just because you are eager to get away, don’t get lax on the really important matters. You are caught up with making travel plans, checking the best airline and hotel deals, confirming reservations, and determining what your travel wardrobe will be for that vacation week. So much to do! But, [...]
Do You Need a Personal Succession Plan?
Most people know what succession planning is—and we immediately think of business succession planning, right? This is the process of replacing top leaders at firms and of passing on a small business or professional practice when the owner is ready to retire. But did you know that an effective succession planning process can be adapted [...]
Kids and Money
I haven’t talked too much about teaching your children about money in my blog posts. But it is such an important part of their growth and future success. Perhaps your kids might follow in your footsteps and come into the family business, or even take it over when you retire. Or, if you don’t have [...]
DO YOU HAVE A PERSONAL CHIEF FINANCIAL OFFICER?
I’m serious….you may very well need one! I have met a few wealthy individuals lately who are acting as their own personal CFO. A few are doing a pretty good job of managing their wealth but, frankly, most are not. The main reason is because they are busy running a business or a professional practice [...]
Physicians: “Healthy… Wealth Challenges”
I’d like to address my physician friends and clients today. Like many business owners, physicians will also experience changes in their financial planning and wealth management needs through the course of their practices. As a physician, you probably wonder (or have wondered) if there are things you should be doing to protect your wealth that [...]
About Tom Froehlich
Tom Froehlich is founder and CEO of Froehlich Financial Group, LTD. serving business owners, professionals and their families in the Greater New York Area.
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