What is holistic strategic planning?
People often identify the word “Holistic” with the medical profession, i.e. holistic medicine that considers an individuals overall physical, mental, spiritual and emotional wellbeing before recommending treatment. Likewise, an effective financial plan also needs to consider all of the important components that encompasses financial planning.
An effective plan should consider a persons lifestyle and financial goals, their individual tolerance and capacity to take risk and how each component of their plan inter-relates. For example, insurance and estate planning decisions will often inter-relate, especially when making decisions in relation to the guardianship and ongoing cost of care for children. However, an appropriate plan also needs to consider how the cost of insurance will impact your cash-flow and ability to build future wealth. Therefore to create a balanced and effective plan, we need to assess all areas of advice and consider how each decision might impact other components of your plan.
Through strategic planning, we develop tailored solutions to help our clients achieve their specific goals. We understand that every client has their own unique objectives and challenges that require an equally unique, tailored solution. We are acutely aware that maintaining an effective financial plan requires regular ongoing monitoring and review. Your initial plan is simply a snapshot of your current situation, current legislation and current investment market conditions – all of which will inevitably change over time. As part of our ongoing service, we proactively monitor our clients portfolios and meet regularly to help keep you focused and stay on-track. Our clients often tell us that having access to a knowledgeable adviser that understands them and is responsive when they need us is what they value the most. For this reason, we limit the number of clients that we offer our services to. This ensures that we are able to maintain an exceptional level of service to all of our clients.