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Risk Management Columbus Ohio

What is Risk Management?

Which risks are you exposed to? Which risks should you avoid? Which risks should you tolerate? Which risks should you insure? Risk management is the process of uncovering threats to your financial security and the development of solutions to protect it.


Our Risk Management Services:

We apply up to 6 tax-smart investing techniques in your managed portfolio at different times throughout the year, some as early as the day you fund your Portfolio Advisory Services account.

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Long-Term Care Planning

According to the Association for Long-Term Care Planning, 70% of people aged 65 and older will need some form of long-term care in the next few years.
In 2021 the median annual costs of Long-Term Care In Columbus, Ohio are as follows:

  • In-Home Care – $67,496
  • Assisted Living Facility – $49,020
  • Nursing Home (Semi-Private Room) – $89,881
  • Nursing Home (Private Room) – $102,565

We will work with you to plan for the unexpected so that a need for LTC does not erode your retirement assets.

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Life Insurance Planning

Life insurance protects the loved ones you leave behind. In some cases, it’s a useful tool to pay final expenses. It’s our job to determine whether or not you need life insurance given your goals and current financial situation. There are different types of life insurance policies, and if life insurance is right for you, you can rest assured we’ll work to find the most suitable policy.

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Other types of insurance

We do a comprehensive analysis to identify all risks to your financial security. As a result, we may present recommendations pertaining to liability insurance, disability insurance, health insurance, car insurance, homeowner insurance and more.

Risk Management
within your Portfolio

In addition to our services below that mitigate risk, there are two ways within the market we plan for risk management – one passively and one actively:



Having access to your money is paramount so we keep sufficient cash available within your portfolio to meet your needs. We also maintain the ability to generate additional liquidity in case you have any new, emergent needs that arise.

Proportion of Taxable vs. Tax-Deferred Assets


Depending on the current stage of your retirement journey, we will help you achieve the appropriate ratio of assets held within your taxable accounts (savings, brokerage, etc.) versus those held in tax-deferred accounts (401k, IRA, etc.). Doing so provides you with additional flexibility in your plan and allows us to devise a tax-efficient retirement income strategy that, in some cases, can allow for early retirement.

Market Cycle Awareness


We pride ourselves in remaining knowledgeable about the markets, so we monitor them daily. We make proactive trades on our clients’ behalf in an effort to accomplish one of two things, depending on the current stage of the economic cycle:

1. Defend portfolio assets from unnecessary risk
2. Grow portfolio assets

Some market sectors are better to be invested in than others at different stages of the economic cycle, and as fiduciaries with 24 years of investment management experience, our clients trust us to make investment decisions that are in their best interest.

What Our Harding Financial Group
Clients Are Saying

Stephanie Fowler
We have been working with Michael Holly with HFG for several months now. He has been very patient with us, and has taken the time to make sure we feel comfortable and understand all unfamiliar financial circumstances. He is extremely thorough during our meetings, as well as having a well rounded plan to present all options. He is someone we feel comfortable calling and asking questions to and feel secure knowing he has our best interests at hand.
Ann Smerles
HFG has been a great help as I approach retirement. Michael listens to my goals and diligently works to provide an excellent outcome. He explains his plan, asks for my opinion, and clearly answers my questions.
Al Jenkins
Carefully listen to your needs and develop a customized plan to suit those needs.
Paul Atwell
Since retiring in 2008, Harding Financial has handled our accounts. Currently, they are also involved with our adult children’s accounts. Not only do they have our complete trust, but the comprehensive outlook towards capital retention and the estate is wonderful. Michael Harding is an amazing professional. He is highly accredited, knowledgable and thorough. The regular market letters, and quarterly in person reviews keep us up to date. We highly recommend Harding Financial.
Eric Atwell
I am incredibly fortunate to have found such a professional and trustworthy financial advisor. Their deep understanding of the market has truly made a remarkable difference in managing my finances. From the very beginning, their expertise and guidance instilled a sense of confidence in me. They took the time to thoroughly analyze my financial situation and patiently explained various strategies tailored to my goals. This personalized approach was both refreshing and reassuring. What sets them apart is their unwavering commitment to transparency and honesty. I have complete faith in their recommendations, knowing that they always have my best interests at heart. They've not only helped me navigate complex financial decisions but have also provided invaluable insights that have led to tangible results. Their ability to stay current with market trends and adapt strategies accordingly is truly impressive. I've witnessed firsthand how their deep understanding of the market has translated into positive outcomes for my investments. In a world where financial matters can be overwhelming, having a financial advisor like Harding Financial Group has been a game-changer for me. I wholeheartedly recommend their services to anyone seeking expert guidance, exceptional professionalism, and a partner who genuinely cares about their clients' financial well-being.
Michael Kappas
My involvement with the Harding Financial Group has been a great experience! I believe that Michael and his staff are very professional and do everything possible to make their clients comfortable and secure! I have the upmost confidence in their abilities and their knowledge of the markets that affect our financial investments! I have referred family and friends to the Harding Financial Group! I’m very pleased to be part of this great organization!
Lisa Collins
I can’t say enough about how happy I am with Harding Financial Services and have been very pleased with the services they provide! I have been with them for 15 years and Mike and his team are the best! Never once have I worried about where he directs my monies. So if you are looking for a highly qualified professional team they will work on what needs best fit you in younger years or retirement years!
Heidi Steinbrenner
I switched from a large financial firm to Harding Financial Group about a year ago. I am very pleased with the special attention and advice they give to my personal financial needs as I head into retirement. They are very through and knowledgeable on giving me advise that is best for me. I could not be more confident with Harding Financial handling my finances and highly recommend them to others.
Nicholas Martin
Harding Financial Group Experience: My wife and I were referred to Harding Financial Group by an existing client of theirs. In our initial meeting with Mike Harding and Michael Holly we expressed our long term goals. Not only for retirement but for large purchases such as a new car and a future home. They assisted us in developing a strategy of savings and budgeting to acquire the car we wanted, save for our future home while continuing to grow our retirement portfolio. The Harding Financial Group not only guides their customers to a happy retirement, but a happy journey to retirement.
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Schedule An Appointment
With Harding Financial

For A Complimentary Phone Consultation

Get a one-one consultation with our risk management advisors to begin the conversation about your risk management goals, needs, and current financial situation.

See our Frequently Asked Questions below for commonly asked questions about Rick Management.

Get In Touch

Frequently Asked Questions

What aspects of your financial health are subject to unnecessary risk? How much risk is appropriate for you to assume? Every individual has unique attitudes, tolerance, and capacity for risk. It is our job to uncover as much information as we can about your specific situation to make an accurate assessment of appropriate risk within your financial plan. Some people have a higher capacity to assume risk but don’t have the tolerance for it. Others have higher risk tolerance but no capacity for it. It’s crucially important that we get to know each of our clients intimately and not just through a questionnaire. Risk assessment is a complex, but extremely important aspect of financial plan development because it affects every recommendation HFG presents you with.

One of the distinct advantages of working with an independent, fee-based Registered Investment Adviser like Harding Financial Group is that the level of customization within your portfolio is virtually limitless. We do not use “model portfolios” where your money is invested the same as everyone else of similar profile to you. We are not affiliated with, nor do we receive any incentive financially or otherwise, to sell or recommend any one company’s investment products over another. We work with clients through a collaborative approach to define their financial goals and curate a portfolio of thoroughly vetted investments to give them the best chances at achieving those goals. If there are certain industries or companies that you do not want to support, we will honor those wishes and present you with viable alternatives. At Harding Financial Group, we can select from the entire universe of available investments from all different providers which gives us the ability to objectively choose what’s best for you.

Many people between the ages of 55 and 64 years old think about obtaining LTC insurance because signs of aging have become more prevalent in their daily lives. LTC insurance pays a fixed dollar amount (varies by policy) toward expenses incurred due to extended stays in nursing homes & other assisted living facilities, and will sometimes even reimburse a family member if they are taking care of you once you lose the ability to perform any one activity of daily living on your own (Ambulating, Grooming, Toileting, Dressing, Eating). Premiums are determined by your age, gender, and general health. The premiums will increase the older you get. Some insurers will issue LTC policies to people as young as 18, but many will only issue to people age 30-40 at the earliest. LTC insurance will be cheaper annually the younger it is purchased, but an important consideration is that younger insureds pay for many more years. There are alternatives to LTC-only insurance such as life insurance policies with LTC riders which offer more flexibility and affordability in some cases. The appeal of Long Term Care insurance to many is that it helps give people peace of mind that they won’t become a burden to their loved ones, financially or otherwise, but the decision to purchase LTC insurance should be thoroughly explored with a qualified financial professional.

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