Ronald Blue & Co.
Executive Vice President
Erik Daniels began his career at Ronald Blue & Co. in 1980 as the third employee hired by the firm and has been honored to hold leadership positions since 1986, including Managing Director of the Atlanta branch office and Regional Director for the Southeast Region. Currently, he holds the position of Executive Vice President of the Family Office division of Ronald Blue & Co.
Along with his team of Family Strategists, Erik focuses on the complex needs of multi-generational families typically starting at $25 million of net worth. As one of the largest, fee-only independent wealth management firms in the United States, Ronald Blue & Co. provides comprehensive financial strategies based on biblical wisdom, with one goal: empower our clients to live enriched lives. Our services range from family mission and governance to sophisticated trust and estate planning to innovative investment solutions and business succession.
Throughout Erik's career, it has been his pleasure to have the opportunity to grow and develop as a financial speaker. Having spoken at national as well as local venues, including the National Association of Personal Financial Advisors (NAPFA), the Young Presidents Organization, Bell South, and other global companies, he has much experience in providing audiences of all types an informative and entertaining perspective on money management. As a member of NAPFA and a past member of the American Institute of Certified Public Accountants (AICPA), Eric has been quoted in various news and business journals and has enjoyed hosting radio programs focused on helping people manage their money. He often speaks to church groups, corporations, men's gatherings and civic groups.
As an active member of the Atlanta community, Erik has served on numerous boards including Georgia Center for Opportunity, Sheltering Grace, Working Women of America. He is pleased to currently be a member of the Southeast Regional Board of NAPFA.
Prior to joining Ronald Blue & Co. in 1980, Erik worked as a senior accountant with Blue & Co., a CPA firm based in Indianapolis and originally founded by Ron Blue. He received a B.S. degree from Indiana University, a Masters in Taxation from Georgia State University and a Masters of Science in Financial Planning from the College for Financial Planning.
Erik and his wife, Sherri, live in Marietta, Georgia. They have four children and two grandchildren.
BS, Accounting, Indiana University
MTX, Income and Estate Taxes, Georgia State University
I would put this in American Express Personal Savings account or a Capital One 360 savings account. Not a CD...but like a money market fund in that it is liquid.
First of all, pay off all your debt. Second, you should consider giving to a non profit that you would like to help. Then determine how much you will need to take out of this money for the next 8 years to live on and give on...this amount should be put in CD's and bonds. After that, you should consider a diversified portfolio.
Yes....you should have your retirement funds invested in equities, you have a very adequate emergency fund..it is always good to pay off debt. It is much more than a simple financial decision. It is a peace of mind decision as well.
Don't do anything for 6-12 months. Pay off your debt first...invest in some high earnings bank money market funds. Also you might check into Vanguard's Admiral MMF.
Simply get the concept of having this much money and begin to think about what I really want in life. Material assets will not give you what you really want.
After 6 months to a year, interview 3 or 4 FEE ONLY financial advisors with 20 plus years of experience. Get some referrals from each of them and then begin the journey with the one you are most confidant with. Erik