Financial management is planning for your dreams.
Risk management is making sure nothing gets in the way of achieving those dreams. It is identifying, analyzing and mitigating the uncertainties in life.
Consider the hardships your family and/or your business would face if any of these scenarios were to play out. How would you pay the mortgage, medical and other bills, car payments, insurance payments or meet other financial obligations?
A comprehensive risk management plan makes sure all your ducks are in a row and protects the value of your wealth, handles contingencies, reduces uncertainty and gives you peace of mind, knowing that your loved ones will be taken care of in the face of life events: whether expected or not.