I’ve often written about outsourcing senior management talent instead of buying it. I believe the most important person to oursource for your wealth management firm should be a CFO (Chief Financial Officer.) This person can help you learn the language of finance and then help with strategic activities to move your company forward.
The question you should answer is what type of CFO do I need? There are two major skill sets that you will eventually need as you move towards a company that has more sophistication and value.