As the head of BDF’s Commercial Insurance Practice Group, Jim gets to know his clients on a personal level. By understanding what they want to accomplish, he’s able to build a financial blueprint that will get them there. Jim understands equity compensation and the valuation of a business and uses this knowledge to help insurance professionals maximize their prime earning years, develop a discipline around saving those earnings and put a plan in place to best utilize assets.
Developing close relationships with his clients allows him to have honest, and sometimes difficult, conversations that are necessary as they navigate tough financial decisions. Jim acts as an objective sounding board, helping them maintain their focus on long-term financial goals. “I’ve got to understand what the client truly wants, and make sure he or she is thinking everything through.”
With a background in public accounting, consulting and teaching, Jim has the technical expertise and communication skills to explain complex tax, investment, and wealth-management concepts in a way that makes sense to his clients and allows them to make decisions that are right for them. Teaching tax-planning courses for the Northwestern University School of Continuing Studies CFP® Program gave him an educator’s mindset that allows him to recognize when clients need help in understanding their financial options.
Before joining BDF, Jim built his knowledge of tax-planning concepts as a public accountant with a Chicago-area CPA firm. Prior to that, he was with KPMG Peat Marwick, where he consulted with clients on business process improvements.
Jim has been recognized as one of the top financial planners in Chicago and nationally. Chicago Magazine has named him for several years among its “Five Star Wealth Managers,” and Dental Practice Report named him one of the “2011 Best Financial Advisers for Dentists.” He has contributed his financial planning insights to trade publications such as Investment News and Financial Planning magazine.
A Certified Public Accountant and Certified Financial Planner™ professional, Jim earned a BA in accounting and finance from Augustana College in 1999.
What to Look Forward to When Buying or Selling Your Agency