Why Asset Management Group

Financial planning can be an incredibly powerful process. It can save clients from pitfalls, but it can also be the impetus for pushing clients from simply surviving comfortably to thriving and realizing their full potential.

We attribute our success to the following six elements:

1. Character: The integrity, honesty and trust-worthiness we exhibit are paramount to a functional relationship with our clients.
2. Chemistry: A connection between us and our clients engender confidence and satisfaction in our relationship.
3. Caring: We make every effort to work in the best interest of our clients.
4. Confidence: Our clients have expectations about our capabilities, expertise, experience and professionalism that must be met and, ideally, exceeded.
5. Consultative: Our ability to combine and deliver the multitude of strategic, product, service and behavioral aspects of wealth management to our clients in a way that creates a "customized" solution and experience.
6. Cost Effective: Our clients expect to pay for the expertise of an advice professional, but they want to pay a fair price for the right service.

We provide real value propositions that work in today's economic landscape:

1. Assist clients in figuring out exactly how they can afford to retire.
2. Help clients make sure they do not run out of money during retirement.
3. Show clients how to clearly understand their financial picture.
4. Assist clients who have family-owned businesses to develop and execute an exit strategy.
5. Help clients get back on track financially after real estate and stock market losses.
6. Show clients how to simplify their financial life and handle all the details.
7. Work with clients to build a lasting legacy for family and causes they support most.

Financial planning, financial counseling, and financial therapy are related but distinct concepts and practices in the realm of personal finance. Here are the primary differences among them:

1. Financial Planning: Financial planning is a process that involves setting specific financial goals and developing a comprehensive strategy to achieve those goals. It encompasses various aspects of an individual's financial life, including budgeting, saving, investing, retirement planning, tax planning, and estate planning. Financial planners are professionals who provide advice and guidance to individuals or families on how to manage their finances effectively to reach their financial objectives. Their focus is on creating a well-structured and organized financial plan tailored to the client's specific needs and objectives.
2. Financial Counseling: Financial counseling, also known as financial coaching or financial guidance, involves providing education and advice to individuals or families to help them improve their financial knowledge, skills, and behavior. The primary goal of financial counseling is to empower clients to make informed financial decisions and develop better financial habits. Financial counselors often work with clients to address specific financial challenges or concerns, such as debt management, budgeting, and improving financial literacy. They may provide tools, resources, and personalized strategies to help clients build a strong foundation for their financial well-being.
3. Financial Therapy: Financial therapy is a relatively newer field that combines elements of financial planning and mental health counseling. It recognizes that financial issues often have emotional and psychological dimensions that can impact a person's financial behavior and decisions. Financial therapists are professionals who are trained in both financial and therapeutic disciplines. They work with individuals or couples to explore the emotional and psychological aspects of their relationship with money, addressing the underlying beliefs, attitudes, and behaviors that may be affecting their financial situation. By integrating financial and emotional insights, financial therapy aims to improve financial well-being and foster healthier financial behaviors.

In summary, financial planning focuses on creating a comprehensive strategy to achieve specific financial goals, financial counseling aims to provide education and guidance to improve financial knowledge and behavior, and financial therapy delves into the emotional and psychological aspects of money to promote better financial decision-making and overall well-being. Each approach serves a different purpose and may be beneficial depending on an individual's or family's unique financial circumstances and needs.