Investment portfolio risk is managed through the proper allocation between stocks and bonds. Personal risk is managed by insurance.
The insurance industry is complex and has policies to protect in various areas: life, health, auto, property and casualty, renters, umbrella, long-term care, business, and commercial.
Note that we are licensed to talk about insurance as required by law. However, choosing to be a fee-only advisor, we review policies and recommendations as necessary and point you in the direction of a competent insurance producer.