Financial planning vs. investment strategy: which is more important?

When you think about the advice offered by your financial advisor, is it really holistic financial planning or just investment management? This distinction is important under any circumstance, but particularly amid the extreme market volatility we have seen this year. So what is holistic financial planning?

Holistic financial planning revolves around extensive conversations between you and your adviser, focusing on the life you want to live. Ideally, it also involves active coordination between your adviser and other financial specialists in your life, such as your accountant, estate planner, and insurance professional.

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