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Strategic planning vs. traditional financial planning
January 12, 2022 at 7:00 AM
Holistic planning vs. traditional financial planning

Planning for your future is an important piece to ensuring that you’re always financially secure. At OWLFI, we take financial planning seriously and want to help each of our clients reach their goals now and in the future. We offer strategic planning that provides a slightly different twist on traditional financial planning. If you’ve never compared the two, we have a short guide that offers some of the differences you’ll notice in them.

Strategic planning

Focuses on your life goals

You have a life to live between now and the time you retire. While it’s important to plan for retirement, you need to plan for the next few years as well. Take inventory of your goals and what you want to do before you stop working. Are there vacations you want to take? Do you want to buy a boat before retirement? Look at your goals and identify what you need to do to achieve them.

Aligns with your values

Sometimes you’ll get a financial advisor who wants you to invest in a company that doesn’t have the same values. It doesn’t have to be at as large of a scale as a tobacco company if you’re against smoking. It can be as small as something they did that rubbed you the wrong way. With strategic planning, you can explore other avenues of investing that don’t require you to compromise your values and invest in a company you don’t like. Instead, find a company you can stand with and invest there. You might not see the same return, but you’ll feel better about where your money is coming from.


Change is the only constant in life. Your circumstances can change in an instant. Whether it’s the result of unexpected death in the family, change in marital status, or loss of a job, you need to know that your money is safe. Strategic planning offers flexibility in your finances to account for such events. Part of this flexibility comes from working with a variety of advisors who are experienced in many areas of the financial world. You’re not limited to one person’s experience. Rather, you can draw on the unique perspectives others have to offer.

Traditional planning

Transactional meetings

It’s important to meet regularly with your financial advisor to talk about your money. You can monitor your income streams and verify that everything remains on track for retirement. Although, sometimes things don’t change from year to year, so it’s not necessary to meet. That being said, your advisor will likely need to schedule an appointment with you anyway to bill you for their services, even if you meet for 15 minutes to verify that nothing has changed.

Focus on retirement

Traditional financial planning is often limited to putting together your plan for retirement. You and your financial advisor will work together to identify what kinds of accounts you have set up for retirement and how much you’re contributing to each when you get paid. Yes, they’ll take into account how much you get paid, how long you have to save, and what you want to do in retirement. Much of your financial planning will be centered around your life after work rather than your life during work.

Work with one person

When you get on with a financial planning firm, it’s not uncommon to be assigned an individual advisor who will take charge of everything involved with your finances. One of the great things about this model is that you get to develop a strong relationship with your advisor, as you’ll meet with them regularly over the years to make decisions. However, you’re limited to their perspective and advice.

Contact us to learn more

You can learn more about how strategic planning works for you and your finances by getting in touch with our team at OWLFI. Give us a call at our location nearest to you, or send a message using our online contact form. You can also use our live chat tool to speak with a member of our team right away. We look forward to working with you and helping you create a stable financial future.