Mike Rodman, CFP, CEFA
President, Best Practices of America
Mike has been an entrepreneur for over three decades and has founded, bought, and/or sold over 15 businesses. His successful experience in the financial advisory field has given Mike a keen insight into sustainable, multi-generational wealth management. His roots in the Exit Planning industry have not only earned him a prominent local and national reputation, but they have also fostered a new way of doing business.
Mike is one of the rare Certified Financial Planners (CFP®) in the United States who is also a Certified Exit Planning Advisor (CEPA). He is the Founder and former President of the Exit Planning Institute in San Diego. He and his team have created a much-needed paradigm shift in the way wealth management and wealth preservation are handled for business owners. The result is Best Practices of America, LLC, a first-of-its-kind comprehensive, multi-disciplinary, multi-generational, wealth management organization designed for business owners and highly successful families.
Mike’s mission is to remove the complexity, guesswork, and blind spots business owners suffer from when it comes to maximizing the value of and ultimately exiting their businesses. Through Best Practices, Mike has assembled a national group of highly specialized advisors and expert associates who provide a holistic approach to wealth management and preservation for business owners, including, but not limited to, income tax planning, investment planning, estate planning, exit planning, risk management planning, and benefit planning.
As a rare, two-time member of the Inc. 500
list of fastest-growing companies, Mike also understands the unique needs and opportunities of successful entrepreneurs, business owners and high net worth families. He has had the distinct experience of both owning and running multiple successful businesses while, at the same time, being recognized as a leading financial advisor. This combination gives him the ability to troubleshoot and provide successful solutions that give clients more financial confidence and peace of mind.
A University of Notre Dame graduate, Mike earned his CFP® designation in 1989 and his CEPA designation in 2017. He was one of the earliest chapter Presidents for the Exit Planning Institute and is one of the 1% of CEPAs nationwide who are certified to deliver Owner Roundtables and Owner Focus Groups, both of which are peer-based coaching and learning opportunities for business owners. He is the immediate past President of the San Diego chapter of the Society of Financial Services Professionals (SFSP), is a thirty-plus year member of the National Association of Insurance and Financial Advisors (NAIFA) and is also the past president of the NAIFA San Diego Chapter. In addition, Mike is a member of the Financial Planning Association (FPA) and other prominent industry associations.