A Beautiful Look Into Financial Planning

My learning style has always been comparing something new to something that I know well in order to make sure I grasp the concept. If you haven’t had a chance to read my last blog, How is CrossFit Like Comprehensive Wealth Management?, check it out and you’ll see what I mean. For this blog’s strange comparison to financial planning, let me provide a little bit of background.

In a recent conversation with a prospective client, I compared switching financial advisers to switching hairdressers: it’s extremely hard to leave something comfortable and trustworthy, especially after providing services for so many years. This got me thinking a little more about what similarities this industry has to the beauty world.

Like a lot of basic 26 year old females, I’m a big fan of beauty products and trying new trends as I hear about them. If you’ve ever had to purchase makeup or hair products, you know this can turn into a pretty expensive hobby. A few years ago, monthly subscription boxes became increasingly popular, and I jumped right on board. This gave me continuous access to beauty samples, it encompassed all of my beauty needs, I was able to update my personalized samples based on my preferences, and the company was continuously posting new tips on social media.

Continuous Recommendations

One of the best parts of this for me is that I was receiving something every single month from this company. They were giving me suggestions based on my preferences and the season without me having to reach out and ask for something else. Our skilled team of Evansville financial planners here at Payne Wealth Partners are continuously focusing on clients’ goals and providing complete financial services and suggestions on not only how to achieve them, but at what point in time it would make the most sense.

Encompassed My Personal Goals

When first signing up for this service, I was asked a ton of questions about my overall style, the length/color/texture of my hair, my skin type and the problems I have with it, and the makeup products I enjoyed. From this, the 5 samples I received each month were catered to those preferences and the beauty goals I had, and it was very unlikely that my box would be the same as someone else’s. Our holistic financial planning encompasses more than retirement goals. We understand that our clients’ financial lives and the needs to achieve their goals extend far beyond retirement and are very unlikely to be the same as someone else’s needs and goals, so the recommendations are customized to each one of their lives and styles.

Updatable Preferences

About halfway through my first year’s subscription, I cut close to 9 inches of my hair off and changed the color of it. Since I no longer had extremely long, blonde hair, the samples for that were no longer very helpful to me. I was able to get online and update my “hair profile” with a few simple clicks and started receiving different products in my next box. A huge part of our comprehensive services is adapting to changes in our clients’ lives. From job changes, new grandchildren, unexpected changes in health, or transitioning from a life of full-time employment to retirement, we understand that even the slightest change in life can affect overall financial goals.

New Tips and Advice Regularly

Not only did my box come with samples each month, there was also a card enclosed with directions on how to use each one and why it was relevant to me. On top of this, the company was constantly posting videos or short blurbs on a quick tip for the general viewing audience from a variety of experts. Not everything that was posted applied to me, but I loved knowing their depth of knowledge on all sorts of beauty regimes from so many perspectives. Similarly, our bi-weekly blog posts cover a wide range of topics within the financial world posted by different professionals. Through this, our clients can stay in touch with what is going on within our firm and the planning world, as well as share with family and friends helpful information that may be hard to gather elsewhere.

Unlike these popular subscription boxes, financial planning is not something that can be accomplished successfully by taking a quiz and receiving products to try out on a monthly basis. If you or someone you know would like to talk to a fiduciary adviser in Evansville, Indiana about the benefits holistic and ongoing financial planning can bring to your life, please feel free to reach out to me directly or any of the other knowledgeable professionals in our office about our complete financial services.


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Published: May, 10 2017

Author: Samantha Whitcomb

Email: sawhitcomb@paynewealthpartners.com

Phone: (812) 602-6318

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Payne Wealth Partners, Inc. is not soliciting any action based on this blog post. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions, which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements.
The information in this material is only as current as the date indicted, and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements.

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Payne Wealth Partners, Inc.
Keystone Financial Consulting
601 N Cross Pointe Blvd
Evansville, IN 47715
Phone: 812-477-6221
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