How to Apply Holistic Thinking to Your Financial Plan

10/8/2020

Many firms in the Financial Services Industry put much of their energies toward investment management and accumulating assets under management, “AUM”.

At those firms “Financial Planning” plays a minor role; it’s usually a loss leader to entice use of a firm’s investment management and increase its assets under management.

Once a plan has been created, it’s usually reviewed with a client, then forgotten.

Here at Planning Capital, we strongly adhere to the principles of “Holistic Financial Planning”.

In Philosophy, the concept of “holistic” is characterized by comprehension of the parts of something as intimately interconnected and explicable only by reference to the whole.

We apply this idea to our clients’ financial life, which interweaves their investments, financial issues, and financial planning. This discipline of financial planning ensures our clients achieve a solid and extensive financial foundation.

Upon starting our relationship with clients, we take inventory of their financial lives by collecting all relevant documentation, such as investment statements, pay stubs, tax returns, insurance coverage, employer benefits, retirement plans, and estate documents, to name a few.

After a thorough process of reviewing, verifying, and analyzing all facts, we help our clients set goals, create a custom plan, and identify primary and secondary issues like income and state taxes with recommendations.

Going forward, these issues are touched on alongside investment returns during quarterly reviews. Our clients have a roadmap to their goals and are supplied with the steps they need to reach their goals.

Planning Capital Management Corp is a Registered Investment Advisor with the SEC, and we are held to a fiduciary standard with all of our clients. We offer full financial planning in conjunction with investment advice and portfolio management. Should you have any questions or concerns about current market conditions, or just general financial planning questions, you can reach us at: (215) 709-5100 or info@planningcapital.com.