Financial Planning Gets a Makeover from Financial Consultant, the Coaching Industry

David Bohl and Karen Ellenbecker team up to help Americans take a more active role in their finances and investment futures.  In the past ten years, according to an article on Financial Web, the savings rate of Americans has gone down ten percent while at the same time the debt-to-income ratio has nearly doubled.  Financial planning combined with life and business coaching offers a more realistic and open-eyed perspective.

Thought you’d all be interested in what I’m up to, and in meeting Karen Ellenbecker.

A financial consultant and lifestyle designer team up to bring new solutions to an increasingly important industry. In today’s uncertain world of changing careers, on-the-go lifestyles and shifting family roles, smart financial planning frequently takes a back seat to immediate demands. Karen Ellenbecker of Ellenbecker Investment Group and Lifestyle Coach David Bohl of rise to the occasion with imaginative new financial consulting options that take their clients’ individuality into consideration while accounting for fears, dreams, goals and personal values and their desires for self improvement.

Milwaukee, WI November 28, 2007 — Hello!

Financial consultant Karen Ellenbecker of the Ellenbecker Investment Group and Business Coach and Lifestyle Designer David B. Bohl of have officially announced a strategic alliance of their respective companies with the agenda of helping Americans take a more active role in their personal finances and investment future. Together, they present a combined service package to their clientele that features business/personal coaching and financial planning in one, and show people how to attain self improvement.

According to an article published on Financial Web*, “…Over the past twenty years, the personal savings rate of U.S. citizens has declined by 10% while the debt-to-income ratio in that same time period has nearly doubled.” The reason for this is at least in part due to shifting work/family roles, an unpredictable economy, and technological advancements that have led many into new, alternative and diversified roles in their careers over the last decade. Clearly, the financial industry is overdue for a solution that takes into account the varied needs of a population grappling with major lifestyle change, as well as facing challenges that prevent the average person from focusing on long-term investment opportunities.

As someone who emerged with “relationship-based financial consulting” far ahead of her time, Ellenbecker once again brings the industry up to speed with the addition of Bohl’s life coaching to her mix of service offerings. Likewise, David Bohl of is able to bring greater substance to the support he offers his life coaching clients by referring them to a sound financial consultant advisor who can guide them through money management decisions that help them reach their immediate goals more quickly while also taking the long-term into account, assisting them in their goal to attain self improvement.

According to a report published concurrently by Bohl’s and the Ellenbecker Group, “The investment group’s decisions, which are based on risk tolerance, time horizons, income needs and other individual situations, would be extended to include life coaching decisions, which are made deliberately, consciously and intuitively.”

Financial planning that is combined with life and business coaching offers a more holistic, realistic, and whole-picture perspective. It allows individuals the freedom to begin thinking of their finances in terms of what brings them the most comfort in their lives and makes the most sense for them alone. Clients in search of self improvement can thoroughly examine their values, habits and preferences before moving forward with their investment plans, thereby easing into decisions that accurately reflect who they are as individuals and support where they plan to be ten, twenty and even fifty years down the road.

The collaborative report also states, “The holistic life coaching model insists that clients look beyond immediate and perceived values to quantify the cost of opportunities as they arise in life. This ‘opportunity-cost’ approach may require an adjustment in one’s traditional mindset, but it allows the client to make better choices, which gives the client room to relax and enjoy life today and for a lifetime.”

For more information on financial consultant Karen Ellenbecker and how coaching and financial planning can serve as the path to financial freedom and self improvement, visit or


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Thanks to E-Biz Booster for featuring this post in the Carnival of Small Business Issues, to The Skilled Investor for including this in the Carnival of Financial Planning, to Bootstrapper for inclusion in the Carnival of Business and Entrepreneurship, and to Efficient Va for featuring this on the Carnival of Business and Entrepreneurship.

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