Life Happens: Reassessing Your Financial Strategy

By Brett Gottlieb

The truth is that change is inevitable. Everyone’s life is bound to experience a roller coaster of ups and downs. The trick is to make the right adjustments—including to your financial strategy—as life events unfold.

At Comprehensive Advisor, one of the bigger mistakes we see people make is failing to update their investment portfolio or financial strategy to align with new life situations and priorities. Major life events like having a child, changing jobs, or starting a business typically require a financial tune-up.

Here’s how our firm can help you revisit your current financial strategy and make the proper adjustments.

Reviewing Your Current Strategy

The first thing we do during your appointment is review your financial goals and your current strategy, including your retirement accounts, investment portfolio, and insurance policies.

We take the time to listen to your story and verify that we’re on the same page with your financial strategy. Our goal is to fully understand your current financial picture, where you want to be, and what you’re doing to get there right now.

We’re here to address any concerns you have about financial strategies, the current market, or basic financial subjects. Then we can apply your requirements, thoughts, and concerns to your existing strategy to evaluate how everything fits together.

Making Necessary Adjustments

After we get a complete picture of your current financial situation and strategy for moving forward, we provide our professional feedback. If your current strategy continues to be well-suited to your long-term goals, despite any recent life events, we absolutely tell you no adjustments are needed. We want you to emerge from our collaboration fully confident you’ve received top-notch financial advice.

Conversely, if your strategy no longer aligns with your goals, we explain why—in plain English. If you like, we can recommend suitable alternatives, whether it’s a minor adjustment or a major overhaul. It all depends on your current life situation, including your age, economic struggles, or a change in priorities.

Let’s look at a hypothetical example.

Say a client came to us for help: a single mother of two children, recently divorced, struggling to pay her bills, and with a high-risk investment portfolio.

After listening carefully to her current financial situation and plan, we would recommend that instead of the risky financial strategy she was facing, she could take a more conservative approach by focusing on stability and income generation.

We would help her create a budget and change her investments to low-risk income-producing assets. Checking in with the client a few months later, she would happily report that the shift in her financial strategy helped her gain confidence in her ability to pay her bills and simultaneously provide for her children’s future.

We’re Here to Help

Regardless of your situation, it’s always smart to consult a financial professional who can assess your current financial strategy and verify it’s up to date and aligns with all aspects of your life situation.

Our team at Comprehensive Advisor has the knowledge and experience to assess your current situation and make adjustments where needed. We provide personalized financial planning advice to help you pursue your ideal future. We strive to serve our clients during the financial planning process through deep and meaningful relationships that last for generations.

If you are ready to revisit your financial plan, reach out to us for a complimentary consultation by emailing us at info@ComprehensiveAdvisor.com or calling (760) 813-2125.

About Our Advisors

Brett Gottlieb is the founder of Comprehensive Advisor and a financial advisor with nearly two decades of industry experience. He graduated from California State University-Chico with two bachelor’s degrees, in business administration and economics, and is Life Insurance licensed in several states. He is passionate about guiding his clients on retirement income planning, helping each client pursue their specific retirement goals, and defending the assets his clients have worked so hard to achieve. Brett is a California native and currently resides in San Elijo Hills with his beautiful wife and three children.

Our team of qualified professionals have experience in the financial service industry, and our advisors hail from some of the largest independent broker/dealers and banking institutions in the country. They have dedicated their professional careers to creating personalized financial strategies for individuals and families who seek successful retirement planning and currently offer investment advisory services through AE Wealth Management, LLC. Our advisors take a common-sense approach to the planning process and work with clients to create a comprehensive retirement roadmap to help ensure their assets are preserved and they receive the income needed to enjoy their future. Based in Carlsbad, California, they work with clients throughout San Diego County and beyond. Learn more by connecting with Brett on LinkedIn or email them at info@ComprehensiveAdvisor.com.

Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor. Insurance products are offered through the insurance business C.A. Financial & Insurance Services.Comprehensive Advisor, LLC is an Investment Advisory practice that offers products and services through AE Wealth Management LLC (AEWM), a Registered Investment Advisor. AEWM does not offer insurance products. The insurance products offered by C.A. Financial & Insurance Services are not subject to investment Advisor requirements. CA Ins. Lic. #6000262. This material is intended to provide general information and is believed to be reliable, but accuracy and completeness cannot be guaranteed. Investing involves risk, including the potential loss of principal. Any references to protection benefits, safety, security, lifetime income, etc., generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.  2586488 – 8/24