We’ll help you stay focused on the big picture.Stephen Stewart, CIO, Henry County Health Center We will help you to shut out the noise and avoid negative reactions to short-term events. These will probably include your levels of saving and staying focused on your long-term goals. Alongside these, we will continually guide you in relation to your own inputs to the plan. So they need to be expertly and carefully selected, and we will guide you through all of your choices. After all, these products and funds are the vehicles that will help you get there. Please don’t worry, we also spend a lot of time and use our expertise ensuring that you have the right products and funds in place to help you reach your desired outcomes. It’s our role to help you identify your desired outcomes, and then to help you get there. You don’t spend your energy thinking about the electronics inside and the wiring (think products and funds), but instead you focus on the quality of the viewing / listening experience - the outcome. Think of it like your new home entertainment system. Again, each of these are important, but should not dominate our conversations. Why do we approach your finances in this way?īecause what’s important is you achieving the life / experiences that you want and not spending every minute wondering about risk / returns / performance / charges etc. This will be backed up by a solid and realistic financial plan that will help you achieve your goals. But what you will get is clarity about your future and confidence in achieving it. Because we’ve no control over achieving them. When we’re focused on where you want to go and what you want your money to do, you won’t see tempting adverts from us promising whopping returns.
It probably makes sense for us to put a health warning over this at this stage. This is the order of importance of our conversations. You decide where you’re going, the financial plan is your map to get there and the products and funds are your means to get there. This plan in turn sets out those products and funds that are needed to get you there – think of them as simply the vehicles.
Then we build the financial plan to help you get there.
Once we can get clear together on these type of questions, we can then visualise the final destination that you are seeking to reach. If you got a windfall in 10 years’ time, what would you do with it? What does financial independence mean to you? What do you want your money to do for you? What does your desired future life look like?
These outcomes can be defined when we consider questions such as, It’s the outcomes that deserve our closest attention, as these guide your strategic financial plan. Products, funds and fund managers shouldn’t lead our discussions, as these are the tactical solutions or inputs that are used to help us achieve desired outcomes. Don’t get us wrong, these really matter and need to be discussed, but never at the expense of discussing the bigger picture. All too often, it can be very easy to be dragged down into weeds – in our world that’s the (very important too) world of products, funds and fund managers. Let’s make it a real resolution in 2022 to focus together on the big picture when it comes to your finances.
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