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Comprehensive Financial Planning

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What Is Comprehensive Financial Planning?

Click the sections below to find out more about each part of the comprehensive process used by our skilled financial planners in Rapid City for clients in many different walks of life and industries across South Dakota.

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Definition of Financial Planning

The process of helping individuals discover what brings meaning to their life and supporting that quest through the efficient management of their financial resources.

Definition of Professional Financial Planning

Engaging a trained professional in the process of helping individuals discover what brings meaning to their life and supporting that quest through the efficient management of their financial resources.

What Does A Financial Planner Do?

Most people think of financial planning as designing a coherent investment strategy. While that is certainly what our CFP board-certified financial advisors do for most of our clients, it is only a fraction of everything that our skilled financial planners in Rapid City do for those we meet with. We offer personal financial planning that is in our client’s best interest. We can work with you to create a financial plan that will help you meet your short-term and long-term financial goals.

We also help our clients with becoming financially independent, designing tax strategies to lower their tax bite, planning how they want to distribute their assets upon death, determining appropriate types and amounts of insurance coverage, protecting their assets from frivolous lawsuits, managing their cash flow, and improving their relationship with money. The fact is: focus on personal finance, and achieve your goals.

At KFG, we made a list of all of the things we do for our clients. We’re at 106 things so far . . .

Who Needs A Financial Planner?

Almost everyone can benefit from having a financial advocate in their corner. But be sure to choose a financial advisor that can meet all of your needs. Our specialized skills are specifically focused on giving financial planning services, investment advice, and financial therapy to business owners, professionals, and retirees. Some of the reasons that people initially seek our help include the sale or purchase of a business or real estate, a pending retirement, estate planning, receiving an inheritance, an insurance settlement, a change in health, investment losses, tax planning, a marriage or divorce, or the loss of a spouse or parent.

Surveys show that most people benefit from financial planning. In 2010, the Financial Planning Association and Ameriprise surveyed over 3,022 people who had either an income or investment net worth greater than $50,000. Those with plans were more confident in their financial futures (49 percent, versus 25 percent of those without plans). They felt prepared for retirement (42 percent of people versus 16 percent). They felt more in control of their financial future (50 percent versus 29 percent).

Free Initial Consultation

Kahler Financial Group offers a free initial consultation with one of our skilled financial planners in Rapid City for retirement, businesses, investment, or personal wealth management. So, if you are trying to find a financial advisor, consider us. We welcome the opportunity to spend time with you, discussing your individual needs, asking and answering questions, reviewing our unique services, and confirming that KFG is the best fit for helping you achieve your financial goals. Please note that there will be no specific investment or financial planning advice given at this meeting.

If you choose to become a client, our advisors will charge a fee for the services you use. We do not accept any commission for the products we sell you. We also do not operate under the assets under management model of financial planning, in which a percentage of an investor’s assets are removed from your assets each year as payment. We want it to be totally clear what we are being paid for our services.

How do you find a comprehensive financial planner who integrates your humanity with the dollars and cents? The difference between a traditional financial planner and one that practices financial life planning is significant. Traditional financial planners and investment advisors focus on the dollars and cents of making good financial decisions, while a financial planner that focuses on financial life planning, adds the more complex human component to the process. Since researchers tell us that 80% to 100% of all financial decisions are made emotionally, any financial planning process that excludes the psychological aspect is second-rate.