Holistic Financial Planning

What Is Holistic Financial Planning?

Holistic financial planning is the process of meeting your life goals through the proper management of your resources. Life goals can include buying a home, saving for your child’s education, planning for retirement, or leaving a legacy

The process involves gathering relevant financial information, setting life goals, examining your current resources and developing a plan for how you can meet your goals given your current situation and future plans.

The Benefits of Holistic Financial Planning:

Holistic financial planning provides direction and meaning to your life. It allows you to understand how financial decision you make affects other areas of your life. By viewing each financial decision aspart of a whole, you can consider its short and long‐ term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.


What is a Financial Planner?

A financial planner is someone who uses the financial planning process to help you figure out how to meet your life goals. The planner can take a “big picture" view of your financial situation and make financial planning recommendations that are right for you. The planner can look at all of your needs including budgeting and saving, taxes,investments, insurance, estate and retirement planning. A qualified planner may work with you on a single financial issue but within the context of your overall situation. it is this big picture approach to your financial goals that set the planner apart from other financial advisers,who may have been trained to focus on a narrow aspect of your finances.


Our Holistic Financial Planning Process:

1. Establishing and defining the client-adviser relationship.

We clearly explain and document the services to be provided to you and define both your and our responsibilities. We explain fully how we will be paid. We work with you to agree on the scope of our professional relationship and on how decisions will be made.

2. Gathering client data, including goals.

We will ask for information about your financial situation. We will work together to mutually define your personal and financial goals,understand your time frame for results and discuss, if relevant, how you feel about risk. We will gather all the necessary documents and critical information before giving you the advice you need.

3. Analyzing and evaluating your financial status.

We will analyze your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have requested, we may include analysis of your assets, liabilities and cash flow, current insurance coverage, investments, tax strategies, and estate plans.

4. Developing and presenting financial planning recommendations and/or alternatives.

We offer financial planning recommendations to address your goals, based on the information you provide. We review the recommendations with you to assist you make informed decisions. We listen to your feedback and revise the recommendations as appropriate.

5. Implementing the financial planning recommendations.

We agree on how the recommendations will be carried out. Where necessary, we will coordinate the process with other professionals such as attorneys or accountants.

6. Monitoring the financial planning recommendations.

We will continue to monitor your progress towards your goals. We will report to you periodically, review your situation, and adjust advice and recommendations, as your life changes.