Is your financial plan truly “holistic” or is it just a mixture of disconnected strategies? Picture this: instead of solely concentrating on a single component like investments, insurance, or other financial products, envision a thorough plan crafted uniquely for you, seamlessly integrating every facet of your financial life. It’s not just about numbers; it’s about crafting a roadmap tailored to your dreams and challenges, ensuring your financial well-being through every twist and turn of life’s journey.
From navigating career changes to starting a family to planning for retirement, a holistic approach can offer confidence and peace of mind every step of the way. But how do you know if your plan is truly comprehensive? That’s where selecting the right financial advisor comes in. Many financial advisors and professionals mention that they take a “holistic” approach to financial planning, but is your financial plan truly comprehensive?
What makes a holistic financial plan “holistic”?
Holistic financial planning considers your short-term and long-term goals, taking into account unforeseen or significant life events that may impact your overall well-being and increase the chance of you realizing your dreams. It encompasses your entire financial journey, from its inception to leaving a lasting legacy.
At FCA Corp, our comprehensive 360-degree planning process begins with understanding all aspects of your financial life. Our client journey, The Way Forward™ Planning Process, includes detailed discussions and collaboration where we help you quantify aspirations, building an actionable plan, and implementing decisions towards achieving your financial goals. By having in-house CPAs and tax professionals, we seamlessly integrate tax planning opportunities into your financial plan. With our goal-based planning approach, success is measured when your goals become a reality.
Your personalized, holistic financial plan always considers the following segments in our thought-out process:
- Investment Strategy
- Tax Preparation and Planning
- Cash Flow Planning and Budgeting
- Retirement Planning, 401(k), Individual Retirement Account or tax-advantaged account
- Social Security and Medicare Benefits Planning
- Risk Management and Insurance Analysis
- Education Savings Planning
- Charitable Planning
- Estate and Legacy Planning
- Major life changes and transitions such as: a marriage, birth of a child, career changes, divorce, illness, inheritance, or death
- Saving for short and long-term financial goals and needs
How to choose the right Financial Advisor
Money and financial well-being is often one of the biggest sources of stress in people’s lives. When choosing a Financial Advisor, it’s crucial to assess their experience, background, and any relevant credentials. Establishing a strong relationship with a Financial Advisor that truly gets to know you and earns your trust can offer peace of mind and alleviate this stress.
Some things to consider when you’re interviewing a Financial Advisor could include:
- Education and Experience
- Designations and Certifications (CFP®, JD, CPA, MBA)
- Fee Structure (Fee-Only, Commission based)
- Standard of Care
- Deep Relationship (Regular Meetings, Transparency)
- Fiduciary requirements
- Experience working with clients like you
- Investment Philosophy
- Advisor Succession Plan
Looking for a holistic financial advisor and partner? Talk with an FCA Corp Advisor today!
With a trusted financial partner like FCA Corp by your side for your entire life journey, together we can work to implement a comprehensive strategy that anticipates your needs and is proactive about helping you achieve your life goals. As an independent, fee-only private wealth management firm, we make decisions keeping your best interests in mind.
Your team at FCA Corp includes individuals holding credentials such as CFP®, CPA, MBA, and JD, collaborates closely with you to develop and implement a comprehensive, personalized plan that aligns with your goals and helps you navigate The Way ForwardTM for each stage of your life. We can confidently say that we are dedicated to you for your entire life journey. Get started today.
