How to Discover Your Financial Strategy

If you’ve ever played chess before, you know that viewing the entire chessboard is the best way to establish your strategy. Not factoring in one section of the board means you may be vulnerable but not even know it. Similarly, one of the most important steps you take when setting up a financial strategy is to evaluate all of the different aspects of your life.

When you begin working with FPC Investment Advisory, we help you get the full picture by creating a mind map. Through our discovery process we ask a series of questions to glean your values, goals, interests, relationships, assets and other valuable information to layout what matters most to you.

fpc-mindmap

 

As you can see, we layout all the pieces of your financial life. The most important part of the mind map is the fact that your assets need to be working toward your goals and values. Every move you make should align all of these areas. The red lines on this mind map help emphasize this point.

If you’re wondering how to get started building your mind map, reach out to us today. We look forward to helping you see the chessboard of your life all at once and we’ll be able to help you think through the next step, your financial strategy.


TRANSCRIPT

Hi, I’m Bijan Golkar and I am CEO and Senior Advisor at FPC Investment Advisory.

Today I’m going to let you in on the best way to discover your financial strategy. There are a lot of advisors out there who only want to talk with you about numbers and think that understanding your current assets is pretty much all that’s needed to help you. But, we don’t think that’s an ideal way to proceed.

If you’ve ever played chess before, you know how important it is to look at the entire chessboard when you’re carving out your game plan. If you don’t survey the entire board, it’s easy to make decisions that seem to be moving you toward your ultimate goal all the while leaving another key piece exposed. If you don’t want to make a move on one part of the board that leaves you vulnerable somewhere else, you’ve got to make sure you have the full picture.

Of course, your life is even more complex than a chess board. When you’re trying to figure out your personal financial strategy, you don’t want to leave anything in your life off the grid. To make sure that you’re making the right moves, we’ll ask you a lot of questions to discover your:

  • Values
  • Goals
  • Outside Interests
  • Preferred methods of communication
  • Current Advisors and how they’re assisting you
  • Relationships
  • Family Situation
  • And, of course, your assets too.

We won’t leave anything out, but we don’t expect you to have everything in order either. That’s what we’re here for.

We take all of the information that’s in your mind, all of the things that matter to you right now and all of your ideas about the future, write them down and map them out. This is where our advisors get really excited about the process. We get to be more than just number crunchers, because your life is more than just a financial statement.

When you receive your mind map from us after a discovery meeting, you’ll be able to see the chessboard of your life all at once and we’ll be able to help you think through the next step, your financial strategy.