Three Financial Approaches in Planning by Richard Dwayne Blair
Richard Dwayne Blair
Richard Dwayne Blair is famous in the world of finance for founding Wealth Solutions. While establishing this firm, Richard Blair had an objective of making a significant difference in the lives of individuals, small entrepreneurs, and families. Wealth Solutions is a registered firm that provides financial advice and investment opportunities to families, individuals, and small business owners. Richard realized that he could use his financial knowledge to impact the financial situations of individuals. Thus, after graduating from college, he ventured into the financial industry in 1993. He solely found Wealth Solutions in 1994 to provide professional and personal services to clients.
With more than two decades in the financial industry, Richard Dwayne Blair has specialized his experiences and expertise in retirement planning. He assists his clients in bridging the gap between planning and living in retirement. His primary objective is to assist his clients in realizing a successful retirement by helping them avoid common mistakes and providing strategies.
Three Pillar Approach to Financial Planning
According to Richard Dwayne Blair, every individual needs a strategic plan to achieve their financial goals successfully. At Wealth Solutions, Richard Blair provides retirement and planning to his client by providing a financial roadmap that will help them for the rest of their lives.
For Richard Blair to come up with a comprehensive plan, he follows a three-pillar approach. It gives him an ideal opportunity to assess the client’s financial situation and thus can formulate an appropriate strategy.
The 1st Pillar
According to Richard Dwayne Blair, the first phase is imperative to the entire process. It is used to design a client’s financial roadmap. Here, Richard assesses the strengths, goals, risk tolerance, and weakness of a client. This phase enables Richard to build a healthy relationship with the client. Thus, he gains a more profound understanding regarding the concerns and the goals of a client.
The 2nd Pillar
Once he has realized the goals and concerns of a client, he designs a long-term investment strategy that is tailored with regards to the expectations of a client. Richard Blair manages the client’s assets to ensure performance.
The 3rd Pillar
The final stage is for implementing and monitoring the client’s financial goals by tracking their expectations and goals.