Holistic Financial Planning the shepard FINANCIAL Way

Many wealth management firms are embracing holistic financial planning which is a trend based on improved client relationships and a more client-centered approach to planning & wealth management. This is good news! It’s meant to better serve individual clients and their families in a long-term way, but to us “holistic financial planning” has a much deeper meaning. In the mainstream, holistic financial planning is still very much about an advisor’s performance, using existing products & services to provide a broader strategy, and using updated technologies to report across varied investment accounts. It’s still about what the advisor is doing, not who the clients are and how they naturally understand money. Without that crucial understanding, attempting “holistic financial planning” is like trying to paint a house with one arm tied behind your back.

Here’s what we know: every single person is born with a specific understanding of life. We’ve called this the 7 Financial Natures because that’s how this pertains to our business. You have a set of financial skills, an innate understanding of how money functions, how to get it, how to use it, how to value it, and how to trade it. Money and finance do not need to be upsetting, threatening, judging, confounding, or immobilizing. Money and finance can be supportive, safe, exciting, uplifting, and positive. This is the perspective from which we operate, and this is what we want all clients to understand- a perspective shift is necessary to evolve with your money. It usually means letting go of what you think you know about yourself and money so that you can learn new ways to relate to it, interact with it, build wealth, prepare for the future, exist in partnership with your finances, and grow as a person as your money supports the life you want.

To us, holistic financial planning doesn’t begin with what we can do for you. It begins with your financial nature. There are always a number of ways to reach a goal, but your plan has to respect your nature. For example, a Taker might need convincing to accept that they are not broke. Spenders often need some help reframing their expenses and feeling good about that. Earners would likely love to know about unearned income so they can relax a bit. Telling a Saver the only way to prepare for the future is to invest every penny from their savings would likely result in a panic attack and losing a client. Investors often need some guidance in terms of investing- they’ll want to do it themselves. Levers can get into trouble by trying to make their lives less expensive. Givers are going to need some support to seize an opportunity like a financial gift.

Without knowing what a client’s nature is, there is no way to completely tailor advice and create a strategy that supports them the way they need. Our focus is first on a client’s nature, how they need to receive information, and what role time plays in rolling out a considered plan. Plans can include conventional products & services but knowing when and how to implement specific products is fully informed by each individual client. It’s not that we’re saying what other advisors do is wrong. It’s that we believe there is a way to be of greater service and we’re dedicated to taking our practice to a higher level.

This is your life: Ages & $tages.

Where are you in life and what does that mean for your financial plan?

There is a time to work, a time to relax, a time for joy, a time to help others, and a time to be helped by others. We all experience predictable, natural life stages, times when we’re naturally inclined to do, think, and perceive our lives in a specific way. Knowing your nature is part of knowing how to use your money to craft your best life, but understanding your life stage is, too.

Our blog this week is actually a vlog, a short video we created to show you all the life stages, what’s important when, and the true possibility of the human lifespan if we take good care of ourselves. We hope this will help you enjoy your life, every step of the way.

Your financial nature has everything to do with greater health and wealth.

It truly is all about you.

And you are exactly right. Your nature is the key to greater wealth & better health.

Find your nature here.

We believe passionately that you have all the talents and strengths you need to create the life you want, and we’re dedicated to help you transform your money into an empowering, creative tool. There are 7 distinct human natures, each having their own set of strengths and challenges, their own interpretations of words, their own perspectives, and their own traps. Because there are 7 human natures, self-help experts, including personal finance “gurus”, often fall short: they are unconsciously speaking to those who share their natures leaving those who don’t unable to understand, apply, and integrate well-intended advice.

If you know your nature you have the context within which your thoughts, beliefs, actions, and patterns make sense. Tips, strategies, and advice of any kind are more easily and appropriately understood, applied, and integrated because you know who you are. It is possible to take what you need and leave the rest without suffering another failed diet, exercise regimen, relationship plan, or financial strategy.

In just seven questions we’ve created a way for you to name your nature, learn more about it, and begin to filter your experiences through it. Our aim is for this information to give you a healthier, clearer perspective of yourself, your many opportunities financial and otherwise, and the world around you. Just click the image.

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Financial Evolution     The 7 Natures     Your Financial Level     Your Financial State     Your Financial Evolution

 

Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advise or recommendations for any individual. They do not necessarily reflect the views of LPL Financial.

Wealth management tools.

Building Wealth: Best In Class Tools for your Financial Evolution

Earn your success based on service to others, not at the expense of others.

~H. Jackson Brown, Jr.

Our goal for you is to help you feel confident in your financial plan, to be supported through your financial evolution, and to be motivated and empowered by your money and how you use it. Our role is to understand the financial system, interpret it for you free of hype and misinformation, and to make recommendations based on your best interests. We help you become aware of your blind-spots inherent to your nature so that you are able to pursue building wealth for the long-term, and for every phase of your financial journey we have available services and products to help you evolve. These are the nuts and bolts, our top-tier tools:

Planning Services

Estate Planning: We offer all levels of Estate Planning, from the most basic plans to attaching a trust to an estate, estate tax planning, and legacy planning.

Income Tax Planning: We help help you and your tax advisor  by bringing clarity to your necessary forms and statements as well as help you minimize your taxes through leveraging other aspects of your financial strategy.

Protection Planning: This includes prioritizing your insurance needs and finding the most appropriate plans and products for you.

Financial Position Analysis: There are times when you may need to know your exact financial position, like when applying for a mortgage, but don’t have information compiled in a way that shines the light on the best aspects. We help you create a complete financial picture which allows you to evaluate yourself before anyone else.

Investment Planning: This is more than determining what to invest in; investment planning takes into consideration how you should be invested and what to do with investment income. Your investment plan is influenced by your beliefs and value system as well as your overall financial vision.

Retirement Planning: Our goal for you is financial independence, and your plan begins with understanding how you live now, how you want to live with your money later, and your definition of financial independence. The following are the tools we have available:

  • 401K
  • 403B
  • Defined Benefit Plan
  • Roth IRA
  • SEP
  • Simple IRA
  • Traditional IRA

To help you pursue your next financial state we offer an array of financial products:

  • Annuities
  • ETF
  • Stocks & Bonds
  • 529 Plan
  • Mutual Funds

We also offer fee-based asset management.

Our Investment Strategy       About       Our Value       Our Vision & Mission

LPL Representative so not offer tax or legal services or advice. In certain situations we suggest you discuss your specific situation with a tax or legal advisor.

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