Most people are not prepared for their retirement. And many other people have little to no money saved during their younger years. However, one financial planner has created a simple three step process to creating financial wealth and stability. That financial planner, Richard Dwayne Blair, has made it simpler than ever to understand financial planning through his “Three Pillars” strategy.
The First Pillar
The first pillar of financial planning is creating a roadmap for the client. That means a financial planner like Richard Dwayne Blair will seek to understand the goals, risk tolerance, strengths and opportunities for growth. For instance, if a client is younger, Mr. Blair will recommend a more aggressive with the client’s investment portfolio. If the client is older, Mr. Blair would then recommended a more conservative investment strategy. Additionally, understanding a client’s goals will help Mr. Blair understand what steps to take in helping their client reach their magic number.
The Second Pillar
The second pillar involves creating a effective long-term investment strategy for the client. Mr. Blair helps his client’s navigate the moving markets by moving a client’s money into more stable assets during unsure times in the markets. When he markets begin to stabilize and grow, Mr. Blair will find opportunities for his clients to capitalize on rising asset prices.
The Third Pillar
The third and final financial pillar is to monitor a client’s portfolio performance. Once Mr. Blair as determined a client’s risk tolerance and goals, he will then carefully watch the client’s portfolio. The third pillar is designed to help the client safely reach their long term goals.
Richard Dwayne Blair is the owner of Wealth Solutions, Inc. Based in Austin, Texas, Mr. Blair has been registered with the Securities and Exchange Commission (SEC) for the past 23 and is subject to SEC oversight. Wealth Solutions, Inc. currently has $52 million RIA.