More than Finances: The Benefits of Holistic Advice from Financial Professionals

Kolleen Schocke |

When thinking about our physical health, it’s common for people to take a holistic approach—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?

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 provide advice on specific products, services, or investments. But financial professionals who give holistic advice focus on your life goals first and foremost. Rather than driving specific investment products, they help you work toward your specific aspirations.

Your financial health doesn’t exist in a silo, so your financial planning shouldn’t either. Instead of plugging numbers into an algorithm to figure out how much you should save for retirement, consider focusing on holistic planning, which takes into consideration your vision for your future lifestyle.

A holistic financial planner might ask questions like, “What do you want to accomplish between now and retirement?” and “What do you want your life to look like when you retire?” Every choice you make 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.

Aligning with Your Values

Another benefit to holistic financial planning is that it can directly align with your values. Traditional financial planning focuses on the best outcomes for your portfolio, but it may mean investing in companies whose mission and values don’t align with yours.

With holistic financial planning you can choose to invest ethically; for instance, you may decide you’d like to invest only in socially responsible companies. A financial professional who focuses on holistic planning can help you invest in companies whose values align with yours, while also aiming towards positive outcomes for your finances.

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, or even critical illness.

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, reach out to our team to learn how holistic financial planning can help you.



* C-J Advisory, Inc. is a registered investment adviser located in San Jose, CA. Registration of an investment adviser does not imply any level of skill or training and is not an endorsement of any regulatory agency. This communication is designed to provide accurate information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought. Investments in securities involve risk, including the possible loss of principal.