Holistic Financial Planning

Holistic Financial Planning

Are You Ready To Grow As a Financial Advisor?

What is the difference between holistic financial planning and wealth management?

Wealth managers help clients reach their financial goals and increase wealth, but a good financial advisor does so much more. No two retirement plans should ever be the same. Advanced financial advisor strategies use a tailor-made approach to every situation

What is Holistic Financial Planning?

Holistic financial planning takes a 360-degree look at the client’s situation to better understand their short-term and long-term goals for both their life and their money.
Whether planning for high-net-worth clients or the average local retiree—it’s about more than just bringing them the latest investment opportunity or finding the right portfolio.
holistic financial planning overview
This type of financial plan offers financial advisors a solution for any individual’s economic puzzle. The advisor can develop a one-of-a-kind proposal to maximize their customer’s wealth, health, and happiness while minimizing any potential tax pitfalls and managing gaps in the market.
At C2P Enterprises, we help advisors establish a holistic financial planning strategy that provides better service to their clients

What Topics are Covered in a Holistic Financial Plan?

A holistic financial plan educates clients on the many financial items that they will need to consider when preparing for different phases of their life and retirement.
Many advisors will use a holistic financial plan solely to help their customers consider the best investment opportunities for their current goals. But a truly holistic financial plan reviews every instance of a customer’s financial situation. Including but not limited to:
  • Retirement Planning
  • Social Security and Medicare Benefits Planning
  • Education on Low and High-Risk Investment Options
  • Long-Term Care Planning
  • End-of-Life Planning
  • Estate Planning
  • Tax Preparation and Planning
  • Bucketing Income for Short and Long-Term Financial Goals
  • Insurance Planning
A holistic financial plan is different from any other investment strategy because it’s based on both internal and external factors—including changes in the market, job loss, birth of a child, death of a spouse, or change in marital status. It considers how a customer’s investment goals will continue to change and works to ensure the best outcome at each phase of the client’s life.

What Makes a Holistic Financial Planner?

The key to being a great holistic financial planner can be summarized in one word.
Whether working with a high-net-worth individual or a couple looking into the longevity of their current retirement plan, holistic financial planners care more about educating their clients on what their current financial situation means for their future, so they can work to find a solution together.
These planners work at nurturing relationships rather than selling high commission products, ensuring that they remain compliant with the best interest compliance standards required by the industry.

Are You Ready To Grow As a Financial Advisor?

The Holistic Planning Approach to Solving Financial Problems

Financial advisors can approach the creation of a holistic financial plan by employing a four-step process.  By using this process, advisors can avoid critical oversites when working to create and maintain a best interest financial plan.  

Step 1: Discovery

In this step, the advisor should review their client’s current financial situation and compare that with their economic goals and objectives.  When reviewing these steps, it is important that the advisor consider which services their practice offers for their short-term and long-term financial goals.  

Step 2: Design

Once a financial advisor can prioritize their customer’s goals and objectives compared to their current financial life and estate, it is time to design the initial plan for implementation.  

Step 3: Delivery

As the customer works with their financial advisor to implement their custom holistic plan, it is important to review the progress on a continued basis.  At this time, the advisor can work to realign the plan to the customers changing tolerance toward market volatility.  

Step 4: Dedication

A holistic advisor is dedicated to proactively communicating with and educating their customers on the impact of different shifts in the market.  As these shifts occur, the planner can work on updating their customer’s financial plans and portfolios to ensure that their customer’s needs are met.  

Implementing a Holistic Financial Plan

Implementing a holistic financial plan helps financial advisors build a better client experience by simplifying complex financial concepts into common language anyone can understand. As a result, their clients will feel a sense of ownership over their retirement and economic future, creating a better relationship between both parties.
To properly implement this strategy with their customers requires advisors to look at every step of the customer journey and review how they introduce new information, whether digitally or in person.
To get the most out of advanced financial advisor strategies, advisors should meet with the client and revisit the plan to adjust on a regular basis, so they can update information as it becomes available and manage gaps in the market.
Nearly any event in a customer’s life can influence them financially. Hosting annual one-on-one sessions with clients allows them to take ownership of their financial future and ensures the advisor is aware of any changes and makes modifications accordingly.

How Does C2P Enterprises Help Advisors Implement a Holistic Financial Planning Strategy?

At C2P Enterprises, we provide a portfolio of services that have helped to define what makes a successful holistic financial planner. Through our training and coaching programs, we offer resources that help single financial advisors to large firms implement a holistic planning strategy that ensures growth for both advisors and their clients.
The Bucket Plan® Process is the asset allocation system around which our company is built. Advisors use this system to develop holistic financial plans that their clients will understand.
The Bucket Plan® Process has been defined, refined, and tested by our model offices. It includes a set of proven processes that are easy to replicate for your business, no matter the size or scale.
After completing The Bucket Plan® Process live training, you will transform your business with simplified financial planning and an increased closing ratio.
You know how important it is to diversify your client portfolios across equities, bonds, annuities, alternative investments, etc. So, why aren’t you differentiating your tax plans to mitigate future IRS pitfalls?
The Tax Management Journey® is a comprehensive tax planning training course that gives you the marketing tools and planning strategies to attract and convert more clients in the $1 million to $5 million demographic.
The Tax Management Journey® is designed to provide you with the competency and confidence to expand your business, set yourself apart from the competition, and deliver powerful tax planning strategies to your clients and prospects.
  • Annuities
  • Assets
  • The Bucket Plan Process
  • Budgeting
  • Charitable Giving
  • College Planning
  • End-of-Life Planning
  • Estate Planning
  • Expenses
  • Health Care
  • Investments
  • Insurance
  • Legacy Planning
  • Long-Term Care
  • Medicare
  • Retirement Planning
  • Risk Assessment
  • Saving
  • Social Security
  • The Tax Management Journey

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