Securing the Proper Advice from Financial Professionals

Edward Goldstein |

When thinking about our physical health, it’s common for people to take a holistic approach—that is, we think about ways we can practice being healthy overall, like eating a balanced diet and getting an adequate amount of exercise. Keeping our bodies healthy means improving our quality of life. So why don’t we take this approach with every aspect of our lives, including our financial health? 

Holistic financial planning is quickly rising in the ranks of money management techniques among financial professionals. But what does it actually mean to be holistic when it comes to your financial health? Here’s what you should know. 

Focusing on Your Life Goals 

Many financial professionals will give you advice on specific products, services, or investments. They might advise you on an IRA to invest in or help you set up a 529 college savings plan for your child. But financial professionals who give holistic advice will focus on your life goals first and foremost. Rather than driving optimal investment portfolios, they help you work toward your specific goals. 

Your financial health doesn’t exist in a silo; your financial planning shouldn’t either. Instead of plugging numbers into an algorithm to figure out how much you should save for retirement, you should focus on holistic planning, which takes into consideration your goals and aspirations. 

In our opinion, these factors are a sample of our comprehensive approach to planning. “What do you want to accomplish between now and retirement?” and “What do you want your life to look like when you retire?” Everything you do can affect your financial health, which is why it’s so important to consider all aspects of your life when thinking about investments and savings plans. Once these types of issues are understood we then focus on whether you are on track to reach your goals, and/or, what you need to do to reach them!

Developing a Relationship with Your Financial Professional 

Most importantly, holistic financial planning often leads to a deeper, more trusting relationship between you and your financial professional. Because they’re involved in many aspects of your life and your goals, they understand how they can help when you experience difficult and confusing financial situations such as divorce, sudden job loss, critical illness or even just buying a new home. 

A trusted professional can go a long way when it comes to managing your financial health. If you’re looking for someone who can help you reach your investment goals while also aligning with your values and considering major life events, a holistic financial professional serving as a fiduciary with strong experience and background like myself will serve as a valuable partner and guide. 

However, in order to reach maximum levels of success, there needs to be a solid human connection and personality fit, which is why you need to take the first step by clicking the Free Consultation link to begin exploring your possible next steps. 

*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets.

Edward C. Goldstein, CFP®, MBA, President
Financial Life Planning, LLC
10,000 Lincoln Dr. East, Suite 201
Marlton, NJ  08053
Phone: 856-988-5480
Fax: 908-292-1040