Bourbon Financial Management
Global Financial Advisor - Personal CFO
Financial planner with 20-year experience serving U.S. Citizens and Expatriates globally (no minimum assets) for a flat monthly fee (typically $300-$500)
Patrick Bourbon, CFA, CFP® is a Chicago, IL based fee-only financial planner serving xpatriates (across the world), executives, entrepreneurs, professional money managers, students, retirees, and working professionals. We welcome individuals with modest assets, as well as individuals who currently have multimillion dollar portfolios. We Tailor our financial advice to Meet Your Needs.
Patrick is your personal Chief Financial Officer. He is knowledgeable in preserving and growing your wealth, as well as risk management, asset allocation, and mutual funds / ETF selection having relationships with more than 400 investment managers and having selected funds / ETF for more than 20 years. His aspiration is to make sure that you have enough assets as long as you live so that you can enjoy a comfortable retirement at your chosen lifestyle.
Patrick's main goal is to give you the best tools possible to improve your financial decisions given your loss tolerance. He provides knowledge and customized strategies in order to make effective diversified investments. He explains the possibilities so that you can make wiser and better long-term decisions depending on your unique situation. He hopes to bring organization to your financial life.
French by birth, Patrick has personal experience with the life and technical financial planning opportunities and challenges faced by expatriates (around 50% of his clients are Europeans living in the U.S. or Americans living abroad). He has lived overseas half his life, visited 40 countries, and enjoys a cross-cultural marriage. He helps you reach your global goals, and go beyond the legal complexity and cross-border tax/currency planning.
Patrick’s passion for investments started in his early teens, when his mother took him for visit of the Paris stock exchange. At that time, he was given a $2 bill. From that point on, he became fascinated by currency management and he started to check its value in French Francs every week. His interest in stocks grew when he created an investment club in 1997.
Patrick strongly believes in giving back to Chicago. He is very engaged in Chicago's civic community, actively serving as chairman of Stuart Investments, member of the Board of Advisors of the Stuart School of Business at the Illinois Institute of Technology, and the treasurer of the South Shore Drill Team. Since 2006, he has been the President of UFEC/AFFC. In 2014, he was elected “Conseiller Consulaire” with the Consulate of France.
Patrick loves sports. For 10 years, he has participated in ski and tennis competitions, winning more than 25 contests. Competition has taught him concentration, persistence, discipline, self-control, humility, and confidence. It has helped him understand that defeats / failure experiences are to be expected and are good learning opportunities. Ultimate success can be attained by learning from past experiences. Sports and its mental side was a constant positive and influence in his life. Sometimes, the main adversary is yourself. Like in entrepreneurship, you need discipline and determination to compete. Move quickly from past mistakes or you will miss opportunities.
He enjoys wine tastings (Pomerol and Champagne are his favorites) and traveling. So far, he’s been to more than 30 countries and speaks English, French, and Spanish. He also studied Japanese, Russian and Greek. Patrick also has a French accent that he polishes every morning.
When it comes to investing, Patrick believes in discipline, precision, simplification, slowing down, independent thinking, having a systematic process, keeping questioning past decisions, being methodical, using checklists, and relying on data(what it says and what it does not say). He is focused, pragmatic, analytical, cautious, humble, and believes that there is always room for improvement and seek ways to get better.
Patrick Bourbon is a Member of the National Association of Personal Financial Advisors
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors - highly trained professionals who are committed to working in the best interests of those they serve.
NAPFA members live by three important values:
- To be the beacon for independent, objective financial advice for individuals and families.
- To be the champion of financial services delivered in the public interest.
- To be the standard bearer for the emerging profession of financial planning
We help professionals and expatriates worldwide who want to enjoy a COMFORTABLE RETIREMENT at a chosen lifestyle by giving non-conflicted and effective advice, and by optimizing their portfolios in a world of lower returns.
BFM acts in a fiduciary capacity with you to improve your financial life. As such, we place your interests ahead of our own, at all times, without exception. Our incentives are aligned with our clients. Compensation comes from only one source: you, our client.
BFM gives you professional help to improve your individualized investment decisions with tailored long-term proven
COMMITMENT TO SERVICE
Do you know how many clients your advisor has? According to the McKinsey Global Wealth Management Survey (see here), the average number of clients handled per advisor was 184!
BFM's commitment is to have a smaller client base that allows us to know you better and truly deliver customized strategies for you. When you work with us, you will be part of a small and special group of less than 60 clients who receive all our attention. Our low client-to-advisor ratio speaks to our ability to cultivate the long-term relationships that are the key to our success. Being part of this small community of clients allows you to experience exceptional service by giving non-conflicted advice.
BFM SPECIALIZES ON EXPATRIATES
Financial planning and investing for expatriates is very frustrating and complex (FATCA, FBAR, PFIC…) due to restrictions, tax reporting, high taxation, and currency management so it is difficult to implement customized and sophisticated investment strategies that will help you reach your goals.
BFM helps clients that are U.S. expatriates family, U.S. persons married to a non-U.S. citizen spouse, non-U.S. persons investing in the U.S., and European expatriates who live in the U.S. who may invest in U.S. situs or non U.S. situs assets.
Our founder Patrick is a French expatriate living in the U.S. since 1999 so he is very familiar with these complexities and solutions. He could explain to you why a U.S. citizen spouse may invest more in certain asset classes while a non U.S. citizen spouse may invest in other areas.
The BFM team has cross-border legal, tax, and financial planning expertise and can offer you a tailored financial plan with customized investment strategies that is harmonious with the multi-jurisdictional taxation regimes that you may face.
Our priorities are in line with our mission to partner with you to achieve your unique investment objectives. We are committed to provide you with customized global strategies that we also invest in. We believe our interests are very much aligned with your interests. BFM is proud of the reputation we have developed for investment excellence and serving clients well. We believe our success is driven by our investment and client focused culture. BFM believes in delivering a tailored client service model to meet your needs. We are passionate investors. We take seriously the responsibility our clients place in us to provide portfolio strategies that meet their specific needs.
The BFM Model
- No minimum assets
- Independent fiduciary
- Fee only - No commission
- Disciplined investment process
- Affordable and straightforward flat fee
- You keep full control of your accounts (no Cybersecurity Risk)
Choosing the right financial planner is an important decision.
Due to the knowledge and time commitment required, it is hard to effectively manage financial strategies on your own.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
- Comprehensive Financial Planning
- Retirement Income Planning
- Investment Management
- College Education Planning
- Tax Planning
- Growing Families
- Business Owners and Executives
- Sudden Money Situations
- Novice Investors
- In-Office Meetings
- Virtual Meetings
- Flat Fee Retainer (Monthly Fee)
- No Product Sales
- Complimentary Initial Consultation
Professional Designations & Affiliations
Patrick Bourbon is a CFA® charterholder
A Chartered Financial Analyst® (CFA®) is a professional designation given by the CFA Institute. A CFA designation is a badge of distinction. It represents a deep knowledge of all things investing, a commitment to ethics, and a passion for always putting investors first. All of which make members unparalleled professionals who are fully engaged in raising the standards of the investment management industry.
Patrick Bourbon is a CERTIFIED FINANCIAL PLANNER™ Professional - Click for Verification
CFP® professionals are held to strict ethical standards to ensure financial planning recommendations are in your best interest. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can use the CFP® designation.
Patrick Bourbon is a NAPFA-Registered Financial Advisor
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.
Patrick Bourbon is a member of The Financial Planning Association® (FPA®)
FPA® is the largest membership organization for CFP® professionals in the U.S. and supports high standards of professional competence, ethical conduct, and clear, complete disclosure when serving clients.
Contact Patrick Bourbon
616 W Fulton St
Chicago, IL 60661