If you had an appointment twenty minutes away in a town you were not familiar with, would you try to navigate your way there on your own or would you use your GPS? Most of us would rely on the GPS navigation on our phone or in our car to get us there efficiently and on time. What if we used this same analogy when trying to navigate towards your future life goals? How do you get there, and what tools do you need to increase your chances of success? Whatever your goals, a financial plan will help you effectively reach them.
Putting a financial plan in place can seem daunting to many of us. We envision combing through reams of financial statements and utility and credit card bills to calculate if we are spending too much and saving too little. We are anxious to know – am I ok? The reality is, a financial plan is simply a road map. It begins with your priorities and what you are trying to achieve in your life. Money is not a life goal, it is just a tool. Fuel to get us from here to there. Do you want to retire early so you can travel and spend more time with friends and family? Have you planned on how you are going to finance the kids’ education? Are you charitably inclined and wonder if you can give more? The financial plan is a bridge between where you are today and where you want to be tomorrow. Similar to a GPS, it begins where you are right now.
Regardless of your age or the level of assets you have attained, a financial plan highlights areas of importance when considering life goals and objectives. It forms the foundation upon which to build an effective investment strategy that maps back to your priorities. After all, financial decisions are more about life – and less about money. Engaging an advisor that is focused on your life goals and a roadmap to achieve them, will ease anxiety over your financial future and help you get on track toward achieving your one best financial life.
At PRIO Wealth, our team has adopted a series of client engagement tools that are at the core of what we call “Financial Life management”. Our client experience begins with a uniquely structured conversation whereby clients learn more about how they feel about money, and prioritize what matters most to them. This highly collaborative process forms the foundation upon which we build clear and dynamic financial plans that result in a customized investment solution. Our team of advisors and investment professionals average 30 years of investment experience.
This website is for informational purposes only and should not be relied upon as an investment, tax or legal recommendation in connection with any investment program offered by Prio Wealth LP. The opinions expressed herein are not intended to provide personal investment advice, or tax or legal advice, and do not take into account the unique investment objectives and financial situation of the reader. Investments in securities, including common stocks and fixed income, either directly or through exchange-traded funds (“ETFs”) or open-ended mutual funds, involve the risk of loss that investors should be prepared to bear. Past performance may not be indicative of future results. The information on this website was obtained from various sources, but we cannot assure its accuracy. This website is not intended to provide personal investment advice and does not take into account the investment objectives and financial situation of every reader.