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What is Risk Management? | CFP | Springfield, MO

As you develop and implement your financial plan, it’s important to protect your finances from the negative impacts of unfortunate events. Risks such as stock market volatility, loss of income from injury, death of a spouse or long term disability can wreak havoc on your personal finances. We will help you develop a comprehensive risk management strategy that will include your personal assets and long term care and disability planning.

Why Managing Risk is Important?

Every day we are exposed to a variety of risks. These risks can include financial loss in the financial market, loss of a loved one or long term health issues. A large unforeseen event, such as the above examples, has the ability to drain all of your financial resources, ruining your way of life and undermining your financial plan. Managing risk helps mitigate potential financial losses and ensures that our way of life can remain unaffected by unavoidable events.

A comprehensive risk management strategy can provide:

• Security for yourself or a loved one in the event of death, disability or need for long-term care
• Proper protection for your assets, income and business
• Peace of mind in the midst of unexpected events

Articles

To view an article on Financial Planning from the Heim, Young Library.

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Contact Us

417-882-7283.

Contact us to schedule an appointment or to get answers to your questions.

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