Football fascinates me. It’s all the thinking that goes into a particular game, the strategy and the preparation. A coaching staff breaks down an opponent’s strengths and weaknesses and devises a game plan that accounts for its own team’s strengths and weaknesses. The plan gets coached to the players, who practice it over and over until everyone gets it right.
I considered it a compliment when one of my clients called me the Bill Belichick of his financial life. As an LPL Financial Planner I am a coach, a strategist who puts all the right parts into play. Just as a coaching staff adapts from week to week, changing its approach according to the challenges at hand, I do the same for my clients.
That often means finding a good place to put a client’s money, or streamlining a client’s tax situation so nothing is wasted. If there’s a need for a specialist, like an estate planning attorney, I get qualified professionals, and I demand the best from them. In this way I’m more like a coach who is also a general manager (but so is Belichick).
The client who called me the Bill Belichick of his financial life found that I could put in place everything he needed to feel good about his financial situation. As we’ve seen in the last 10 years with the New England Patriots, strategy, coaching, and discipline, can get the X’s and O’s working in your favor.
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