When it comes to investing there’s no shortage of available advice, and much of it turns out to be less useful than promised. Richard Blair of Wealth Solutions, is aware of this circumstance, and simplifies the complex terrain of investment to offer up some sound advice on how to approach wealth management.
Through Wealth Solutions, Blair and his staff offer up solutions to help clients, grow, manage, and maintain their wealth by partnering them up with an advisor. The management of investments starts off with a financial planning system Blair implements with his clients. There’s simply no other way to meet financial goals without one.
Blair’s three pillars are at the heart of how Wealth Solutions looks at investments. This makes it easier on advisors to work with clients by identifying their current financial standing and the path that must be taken to make sure they have enough to math their retirement needs. But this isn’t formulaic. As each client’s financial standing differentiates them from one another, the three pillars offer up some malleability to change depending on their financial standing and needs.
Blair’s first pillar is making sense of the clients strengths when it comes to managing their finances, a reasonable approximation of their goals, and understanding their potential for returns. With this information in hand, a path can be determined by the advisor for the client to follow to reach their financial goals.
The second pillar is about strategy. With the needs of the client clearly defined, and the current market taken into consideration, the advisor can take the capital available for investment and best determine how to strengthen the client’s portfolio. This means determining how to reduce risk and maximize returns regardless of the current nature of the market.
Blair’s final pillar is making sure a client’s insurance needs are met, including manageable cost and proper coverage. This ensures care for long periods and equitable life insurance, covering two of the biggest costs retirees may accumulate as they get older.
About Richard Blair:
Richard Blair is an American financial advisor. Having graduated from the University of Houston with a Bachelor’s Degree in finance, he founded his financial solutions firm Wealth Solutions in Austin, Texas in 1994. Coming from a family of educators, Blair has made it a lifelong commitment to educating about the importance of wealth management while also helping them to navigate the complex investment market.