Author: Michael J. Moss, CFP®, Head of Client Services, Senior Managing Director


Do I have a complete listing of all my assets and liabilities and their values?

Do I regularly log into financial accounts?

Do I know my annual income and expenses? 

Do I know how my estate plan works?

Do I understand the coverages of my various insurance plans?


Have you been asking yourself these questions? If so, you may need a financial “spring cleaning.” And though Spring may be behind us, there’s never a bad season to organize your finances.

Just like cleaning or organizing your house, it can be hard to get started. That towering stack of estate, insurance, and tax documents may remind you of the often-ignored closet in the spare room. But getting organized financially will provide you and your family with peace of mind.

However, while it may be possible to put off organizing your home without consequences, putting off a review of your finances can have serious implications.




Once you start, you will build momentum, and be energized by your progress. You might be able to review a few accounts in a day with the same energy as cleaning out a handful of kitchen drawers at once.

It’s a lot of work, but you will be glad you did it. With new clarity around your financial picture, it will become easier to spot additional issues or even new opportunities. A new investment or tax savings may look just as exciting as a fresh, clean home.

In this blog series, we’ll focus in on several different areas of financial planning such as balance sheet, cash flow, estate plan, and insurance. We will also provide important considerations and questions you should be asking yourself along the way.




While most individuals should be able to complete a basic review on their own, there are many instances where they would benefit from using a professional advisor.

This may be necessary if you don’t understand financial matters or don’t want to take a do-it-yourself approach. A professional advisor may also be helpful in creating a plan or “roadmap” for your finances.

On a larger scale, it is also a good idea to engage with an advisor if you experience a significant life event (retirement, divorce, death of a spouse) or if your level of wealth increases – thus increasing the complexity of your financial picture.




First, you will want to look for someone who is experienced and educated. There are many financial designations that indicate a level of expertise and knowledge.

For example, a certified financial planner (CFP) is a professional advisor that has demonstrated expertise in financial planning, taxes, insurance, investments, estate planning, and retirement by passing a rigorous exam. Other common designations include chartered financial analyst (CFA), who has expertise in investment analysis and portfolio analysis, and certified public accountant (CPA), who has expertise in accounting, tax preparation, and planning.

Clearstead has 48 employees with the CFP, CFA, or CPA designation, who are ready to assist you if you decide to seek help from a professional advisor or firm.

You should also understand how your advisor is paid. It is best to seek an advisor who is an independent, “fee-only” advisor. They only receive payment to offer you advice. There are some advisors who are compensated through commissions from products or investments they recommend.

Clearstead serves as a fee-only, independent advisor and we offer our ClearSight process, which is a complimentary “spring cleaning” of your finances that uncovers key observations for you or your family. It’s a way to “test our cooking” at no cost and learn how we can help.




Information provided is general in nature, is provided for informational purposes, and should not be construed as investment, tax or legal advice. These materials do not constitute an offer or recommendation to buy or sell securities. The information provided is from public sources and data available at the time the information was written. Any information provided is subject to change at any time. Clearstead disclaims any liability for any direct or incidental loss incurred by applying any of the information provided. You should consult with a professional before making any investment, tax or legal decisions.


At Clearstead, we create integrated, prudent, and custom strategies that bring clarity to you or your organization’s financial future.

Clearstead is an independent financial advisory firm serving wealthy families and leading institutions across the country. As a fiduciary, it provides wealth management services and investment consulting to help clients meet their financial objectives, achieve their aspirations, and build stronger futures.




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Suite 700 | Cleveland, Ohio 44114