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Patrick Foley on Hiring a Chief Financial Officer for Your Personal Life – Episode 38

Patrick Foley and The Foley Group specialize in advising business owners and business executives. They are particularly adept at guiding owners through a sale or restructuring.

The Foleys integrate business sale projections into their broad scope financial planning process. In addition to their own expertise, they draw upon a network of top advisors including CPA firms, law firms, consultants, business brokers, lenders and investment bankers.

Patrick holds the QPFC designation from the American Society of Pension Professionals and Actuaries, a professional credential for financial advisors who consult to, market or support qualified retirement plans.


  • Patrick is passionate about businesses, the formation of businesses and entrepreneurship. He feels strongly about seeing young people learn concepts surrounding entrepreneurship from an early age. He is also passionately picky about who he works with.

App of the Day

Book of the Day

Insight of the Day

  • Patrick sees a lack of downrange planning on business exits. You should look at your business, almost from the moment you form it, as if it were for sale, Patrick says.


John’s 3 Key Take-aways

  1. Coordinate business and personal finances as separate accounts – the sooner the better.
  2. Any financial advisor you’re working with should be thought of as a personal Chief Financial Officer
  3. Any great CFO is only as great as his/her expert team.

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You can download a complete transcript of this entire episode by clicking here.