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Preparing for the Unknown

It’s important to plan for what’s ahead, even when you don’t know what that may be. That’s where having Foresight into all of the possible scenarios that could disrupt your financial future is crucial. Risk is inherent in everything we do. However, knowing what risks we should accept and what risks we should avoid, reduce or transfer elsewhere, is a critical part of any well crafted financial plan. 

There are many types of risks that need to be addressed including – risk caused by stock market declines, economic instability, death, disability, loss of income and damage to assets like a car or house. These unforeseen events can have devastating financial implications to finances and alter the anticipated outcome of any financial plan. That’s why having the appropriate strategy to address them is so important.

Being an independent wealth advisory firm we can objectively analyze and provide solutions best suited for your specific needs. As part of our financial planning process we will provide:

  • A personalized risk assessment that takes into account your lifestyle, personal needs, and broader wealth strategy.

  • A custom analysis of the best strategies and solutions to address those risks.

  • Ongoing reviews to continually ensure you are adequately protected.

For small business owners, the stakes and risk exposure is just that much greater, There are many more aspects in regards to liability, succession planning or key employee risk that may not have even been considered. However, our risk management strategies can help to protect the company as a whole as well as employees from unexpected financial impacts. Just as in personal finance, preparing for specific scenarios helps a business to withstand any hardships that may come their way and allow them to come out the other side.


What risks are you not protected from? Contact us today to get started protecting your future.

 

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Foresight Financial Advisory LLC is an investment advisor registered and domiciled in Florida.

Disclosures

©2020 by Foresight Financial Advisory.