City Lifestyle

Want to start a publication?

Learn More

Featured Article

Building a Strong Financial Future

Michael Eckholdt, Lead Wealth Advisor at Providence Financial Solutions, Invests in Murfreesboro

For those who have never utilized Providence Financial Solutions, can you explain what you do for your clients? Providence Financial Solutions delivers specialized financial planning and advisory services, helping clients manage their financial future. We provide personalized guidance on wealth management, retirement planning, investments, and tax efficiency, tailored to each client's specific needs and goals. Our clients’ financial futures are strengthened through our personalized financial guidance which relies on getting to know them at a deep level. Understanding our clients’ values and purpose helps us consider the best strategies to help pursue their long-term financial stability and growth.

What types of services do you offer clients? While we provide holistic planning and wealth management services to a broad range of clients, we specialize in retirement strategies, and asset growth and accumulation for individuals and business owners.

Can you share about your experience in helping your clients and the community learn to invest in their future? Our mission is something I’m truly passionate about. At Providence Financial Solutions, we embrace the principle that we're stewards of our clients' retirement dreams, a responsibility that lends significant meaning to my work and energizes me every morning.

The transformations we’ve witnessed are compelling. Often, when we begin our journey with clients, their financial strategies are fragmented and lacking in clear direction. Which makes perfect sense in a world where everything and everyone is fighting for our attention, overwhelming our senses. This overstimulation often leads to procrastination and inaction, where little gets done. This is where my work becomes essential:  My job is to enhance the financial planning process with clear, strategic guidance, instilling confidence through our expertise in wealth management, retirement planning, investment management, and tax planning.

The driving force behind our dedication to this work is to help ensure that our clients maintain their dignity and independence from now and into the future.

Why is it important for people to invest and plan for the years ahead? There is a myriad of reasons why it is important to invest and plan for the years ahead. I believe that the primary reason to invest rather than save money in a bank account is inflation. Inflation is perhaps the most insidious robber of wealth that must be considered, making the act of growing our wealth at a greater rate than inflation over time imperative.

Why are you passionate about helping people with their finances? Most of us were educated in a wide variety of subjects that we rarely use today. Conversely, many of us were not properly educated in financial matters. Which is unfortunate given that having financial acumen or employing someone that does, becomes more important with each passing day. America’s lack of financial education was one of the biggest reasons I decided to pursue a career in financial and wealth advising. It fills me with joy knowing that I get to wake up each morning and look forward to a day where I get to help educate and empower individuals to work towards their financial dreams. I’m so grateful that I’ve been blessed with the opportunity to witness the transformative impact of sound financial planning on my clients’ lives. I love that I get the opportunity to help folks with some of life's most important milestones, from buying a home, to saving for college for kids and grandkids and retiring comfortably.

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

I’m so grateful that I’ve been blessed with the opportunity to witness the transformative impact of sound financial planning on my clients’ lives.

Businesses featured in this article