FAQ
Good Questions Deserve Straight Answers
Whether you’re new to fractional CFO services or just trying to figure out if we’re the right fit, this is a good place to start.
You can skip the FAQs and just get in touch. The initial meeting is on us!
General
Ensemble Partners is the family of brands that CFO Selections created as we expanded our services over the years. CFO Selections remains the flagship — focused on matching fractional CFOs and controllers with growing companies. ASP, a sister company, provides fractional accounting services, bookkeeping, and contingent recruiting for organizations that need reliable day-to-day financial operations. Valtas Group, another sister company, specializes in interim executive director placements and leadership transition support for nonprofits.
Think of Ensemble Partners as the ensemble — each brand is a distinct player with its own instrument and role, but they share a common belief: that every organization deserves access to the right professional leadership, at the right level, at the right time.
Understanding the Role
Earlier than most business owners expect. You don’t have to be a large company or preparing for an IPO to benefit from CFO-level thinking. If you’re making complex financial decisions without a trusted financial leader in the room — around growth, hiring, cash flow, or strategy — you probably need one. Common triggers include rapid growth, a financing or fundraising event, a merger or acquisition, leadership transition, or simply the feeling that your financial picture isn’t as clear as it should be. Many organizations start with a fractional CFO and grow from there.
A CFO operates at the strategic level. They think forward — helping you plan, forecast, and make decisions with confidence. A Controller operates at the operational level. They keep your accounting function running accurately and efficiently — managing the close process, financial reporting, and internal controls. Both roles are critical. Many organizations need one or both, depending on their size and complexity.
A fractional CFO provides the same strategic financial leadership as a full-time CFO, but on a part-time or as-needed basis. They work alongside your leadership team to help you understand your numbers, plan for the future, and navigate complex financial decisions. The work varies by engagement, but typically includes financial planning and analysis, cash flow management, board and investor reporting, M&A support, systems improvement, and strategic guidance.
Most small to lower-middle market organizations don’t need a full-time CFO. What they need is CFO-level thinking on a consistent basis — someone who can step in, understand the business, and provide the strategic perspective that helps leaders make better decisions. Fractional works especially well when you need senior expertise without the cost or commitment of a full-time executive.
Working with CFO Selections
We don’t dig through a pile of resumes. We start by getting to know your organization — your goals, your culture, your specific situation — and we match at a deep level.
Every consultant in our network has already been through a rigorous, multi-stage screening process before you ever meet them. Multiple people interview each candidate. Candidates also have the opportunity to speak with existing consultants in our network. And every consultant goes through a thorough background check before they’re cleared to work with clients.
By the time we make an introduction, we’ve assessed skill set, availability, industry experience, and culture fit. You meet the person, confirm they’re right for you, and the engagement begins. We vet slowly so we can move fast. By the time you reach out, the right people are already in the conversation.
In most cases, we can introduce a qualified consultant within one to two weeks of our initial conversation. Because we maintain an active, vetted network of more than 300 financial professionals, we’re not starting from scratch when you call. The timeline depends on the specificity of your needs, but we’re built to move quickly when the situation calls for it.
All of the above. We work with each client to determine the arrangement that fits best for their organization and the nature of the engagement. Many of our consultants work in a hybrid model, combining on-site presence with remote work. We’ll figure out what makes sense for your situation.
That’s completely normal and one of the advantages of the fractional model. Engagements are designed to be flexible. Hours can increase or decrease as your needs change, and we work with you to adjust as the situation evolves. There’s no minimum commitment beyond a reasonable notice period, and you only pay for hours worked.
We ask for 15-days notice to end an engagement. That’s it. No long-term contracts, no buyout clauses. The agreement is designed to protect you, our consultant, and CFO Selections — and to give everyone a clean, professional transition when the time comes.
Yes. We have a dedicated nonprofit practice with consultants who understand the specific financial complexity of mission-driven organizations: grant compliance, fund restrictions, board reporting, government contracts, and more. Our nonprofit clients range from small emerging organizations to established institutions managing complex multi-funder portfolios.
Cost & Commitment
Our engagements are hourly. You pay for time worked, nothing more. There are no taxes or fees added on top of our hourly rate. If we begin with a Financial Assessment, that’s scoped to a defined number of hours and cost. Any work beyond that scope requires your approval before we proceed. We keep it transparent and predictable.
Our rates are competitive with the market for senior financial talent and affordable relative to the value delivered. Our firm takes a smaller percentage of the fee than most, which means our consultants earn more for the high-value work they deliver and our clients get senior expertise at accessible rates. When you consider that you’re accessing a seasoned CFO or Controller without the cost of salary, benefits, payroll taxes, and overhead, the economics are very favorable.
No. We don’t require long-term contracts. Most engagements are month-to-month with a 15-day notice period to end the relationship. You can scale hours up or down as your needs change, and you’re never locked in.
Why CFO Selections
A few reasons. First, we screen our consultants for both technical skill and culture fit, so you’re not taking a chance on someone’s self-reported credentials. Second, our consultants are committed to fractional and part-time work. This is the model they chose, which means they’re engaged and invested, not using you as a fallback while looking for a full-time role. Third, our network of more than 300 consultants means we can match your specific industry, culture, and needs rather than forcing a fit. And fourth, our consultants can reach into that broader network when they encounter a situation that calls for specialized expertise, something an independent consultant simply can’t offer.
We stand behind our matches. If a placement isn’t working for any reason, we’ll work with you to understand what’s not fitting and find a better solution. Our goal is a match that works well for both sides, and we’d rather address a problem directly than lose a client relationship.
Likely yes. Our consultant network spans a wide range of industries including professional services, technology, manufacturing, construction, healthcare, real estate, retail, and the nonprofit sector. Part of our matching process is identifying consultants with relevant industry experience for your specific situation.
Executive Search
A retained search is a professional engagement where CFO Selections manages the full recruiting process to find and place a permanent CFO, Controller, or other senior finance leader. Unlike contingent recruiting, where a firm only earns a fee if they fill the role, a retained search is a committed partnership. We’re exclusively focused on your search from start to finish.
The fee is typically a percentage of the candidate’s first-year base salary, or an agreed-upon fixed amount. Payment is structured in stages: a portion at signing, a second payment during the search, and a final payment when the candidate starts. This structure ensures we’re aligned with your success throughout the process.
You can, and sometimes that’s the right answer. We’ll tell you honestly when a retained search makes sense and when it doesn’t. For senior finance roles, the best candidates are rarely actively searching. They’re working. Our process is built to find and evaluate those people, not just the ones who applied to a job posting.
Our process typically takes 60 to 90 days from kickoff to offer acceptance. The timeline is intentional. We’re finding the best candidates, not the first available ones. We conduct multiple rounds of interviews and evaluations before presenting a curated shortlist, typically three to five candidates we’re genuinely confident in.
The structure of the engagement. In a retained search, you engage us exclusively; we manage the entire process from kickoff to offer, and fees are staged across the search. In a contingent search, a fee is due only when you hire a candidate we introduce, and you’re free to pursue other channels alongside us.
What doesn’t change is how we search. Our contingent recruiting runs through ASP, a member of our Ensemble Partners family, where every search is led by financial professionals who have done the work themselves, drawing on relationships we built long before you called.
Still Not Sure?
Contact us if you need help figuring out what you need. We will not charge you for this initial consultation meeting! In the meantime, check our other services under the Ensemble brand – ASP & Valtas Group.