Three Steps in Financial Planning by Richard Dwayne Blair

About Richard Dwayne Blair

Richard Dwayne Blair is one of the experienced financial advisors with more than two decades in the industry. He independently founded Wealth Solutions, a financial advisory firm based in Austin, Texas, in 1994. Richard Dwayne Blair always had an interest in helping individuals, small business owners, and families realize their financial goals. At his early age, he always wanted to venture into the financial field.

After he graduated from college, he ventured into the financial industry and landed a job in 1993. One year later he founded the Wealth Solutions. The Texas-based firm offers financial advisory and investment opportunity to families, entrepreneurs, and private investors. The firm has managed to acquire numerous clients and has dominated as a leading financial advisory firm in Texas.

Richard Dwayne Blair decided to venture into the financial industry by providing retirement plans and assisting clients to obtain and live a successful retirement life. He has vast experiences and expertise in the sector since he has served some clients.

Three Pillars to Financial Planning

Richard Blair states that his success in planning has been attributed to the three pillars of financial planning. He says that every individual needs a financial roadmap to achieve their financial objectives. At Wealth Solutions, Richard Dwayne Blair assists his clients to meet their retirement objectives by formulating a financial roadmap through the use of the three stages. The process enables him to understand the client’s financial situation and thus help him in formulating a strategic retirement plan.

The First Pillar

Richard Blair uses the first pillar to learn the strengths, goals, growth opportunities, and the risk tolerance of a client. Moreover, he uses this stage to build a long-term relationship with the client. Through this stage, he learns the financial goals and concerns of a client.

The Second Pillar

Richard Dwayne Blair uses the second stage in formulating an investment strategy. He monitors the assets of a client and ensures they continue to grow despite the financial situation.

The Third Pillar

The Final step involves implementation and monitoring of the two pillars. Richard Dwayne Blair tracks the performance of a client regarding their goals and concerns.

 

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