Risk Management

While we can plan for many of life’s Mile Markers, there will always be uncertainty and things we can’t control, which is why your plan needs contingencies designed to keep it aligned with your goals and priorities. This critical pillar of The Mile Marker FORMula™ seeks to help safeguard and protect your plans.

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Navigating Life’s Unexpected Mile Markers

ife has risks beyond your investments that can impact your financial future. Risk management is about planning ahead so that when the unexpected happens, you understand your options. While we cannot avoid all risk, the plans we create are designed to weather many of the storms that may occur – and that often means planning for “what if” situations through insurance or asset-based equivalents. Through The Mile Marker FORMula™, we help identify risks and develop plans to mitigate them either through us or one of our strategic partners.

Key Topics

Your Risk Profile, Risk Appetite, and Risk Capacity

Concentration Risk Management and Portfolio Diversification Strategies

Life Insurance

Property and Casualty Insurance

Health Insurance and Medicare

Disability Insurance and Survivor Benefit Planning

Long-Term Care

Legacy Planning

Business Succession and Transition Planning

Risk Management – Part of The Mile Marker FORMula™ Integrated Process

Evaluating other pillars like Wealth Management, Tax Planning, Legacy Planning and Philanthropy through the lens of Risk Management is fundamentally important to your financial goals and priorities. Evaluating potential risks and developing contingencies can help you maintain confidence in your plan even when the unexpected happens. Alignment across and coordination between pillars is critical. During our planning process, we will look across seven service pillars and follow the “Discover, Design, Deploy” process to build an intentional plan aligned with what matters most to you. We call this process The Mile Marker FORMula™.

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Frequently Asked Questions

Risk management is the process of identifying the uncertainties life can throw at your financial plan — and putting contingencies in place to help keep your plan on track even when the unexpected happens. It's not about avoiding all risk, but about planning ahead for "what if" situations through insurance and other protective strategies.
Risk management is one of seven service pillars in The Mile Marker FORMula™. It works alongside pillars like Wealth Management, Tax Planning, Legacy Planning, and Philanthropy, evaluating each through a risk lens so your overall plan stays coordinated and resilient, not just individually sound.
Risk management covers a broad range of topics, including your risk profile and appetite, concentration risk and portfolio diversification, life and disability insurance, property and casualty insurance, health insurance and Medicare, long-term care, legacy planning, and business succession and transition planning.
These describe related but distinct ideas: your risk profile reflects your overall attitude toward risk; your risk appetite is how much risk you're willing to take on; and your risk capacity is how much risk you can afford financially. A sound plan accounts for all three together.
Concentration risk happens when too much of your wealth is tied to a single stock, sector, or asset. It matters because it can expose your portfolio to outsized losses if that one holding underperforms. Diversification strategies are used to spread that risk across a broader mix of investments.
Insurance is often a key part of risk management, used to help protect against events you can't plan around directly — such as life insurance, disability and survivor benefit planning, property and casualty coverage, or long-term care. The right mix depends on your specific risks and goals.
Legacy planning and business succession are both about protecting what you've built for the long term — ensuring your assets, wishes, and (if applicable) your business transition smoothly to the next stage or generation. They're addressed as part of risk management because both involve planning for major, foreseeable transitions.
You can get started by scheduling a meeting with an advisor. From there, the process involves identifying the risks most relevant to your situation and developing plans to mitigate them, either directly or through a strategic partner, so your broader financial plan stays protected.