Holistic advice and how to get it

When it comes to personal finance, It can be challenging to know who and what to listen to simply because there is so much information available these days.

After all, financial advice may be found everywhere, from financial blogs to entire financial plans, and financial advisors can range from insurance agents to licensed financial planners.

That’s why looking for holistic advice from a holistic financial planner is so important. Don’t take piecemeal suggestions from multiple sources that don’t know your specific goals, needs, and situation.

How’s this for a thought: when you go to a doctor for a checkup, do you want them just to examine one part of your body? No, you want them to look at your entire body, and a good doctor will do that.

But there’s more to it. What if this doctor examined you, then told you they only get paid if they gave you medications or performed surgery on you?

How much would you trust them to put your well-being and health first? Frankly, I’d run in the other direction.

Many financial advisors are paid based on commissions for the products they recommend to you.

I’m not saying these recommendations are always a bad thing. However, holistic financial advisors consider your entire financial situation and never recommend a product that does not fit your overall financial strategy. They put you before their commissions.

Ask yourself the following when considering working with an advisor:

  • Are all of your goals taken into account?
  • Do they examine every one of your savings and earnings?
  • Do they care about your values?
  • Do they propose a plan before suggesting particular products?
  • Can they explain why and how it fits your overall strategy if they recommend a specific product?

Holistic financial advice includes insurance, debt and budget assessment, retirement income and tax strategy, investment (including diversification and cost) and tax analysis, and regular coaching and review.

That’s exactly what we aim for at my office. If you’d like to know more about how our approach can help you reach your financial goals and get the retirement you want, all it takes to start is a 15-minute consultation.

To book, call (330) 836 7800 ext.1 or click here to use our online calendar.