RICHARD DWAYNE BLAIR- THREE PILLARS OF FINANCIAL PLANNING

Richard Dwayne Blair is the founder of Wealth solutions. He was born in 1965, and he always had a thing for education. His wife, mother and grandmother were all teachers and can bear witness to the fact that education is key to developing confidence and knowledge. Immediately after college, he joined the industry of financial planning and later established his firm independently, wealth solutions. The main of creating his company was to provide professional and client-centered advice and to make a positive and significant change in the lives of small entrepreneurs, folks and families. He has quite some years of experience in financial planning and has helped many plans for retirement and leave a desirable life after that. The company has grown to date with Richard as its majority owner. Wealth Solutions is an Austin based company with close to $52 in AUM. He is married to Amanda Blair, and they live in Atlanta, Georgia.

According to Richard Dwayne Blair, planning is critical when one is in prerequisite of pursuing his financial goals. He integrates his financial plan into a three-pillar approach. The first pillar outlines a client’s roadmap regarding finances. This normally assists him to understand the client’s strengths, ability to take and tolerate risks, his goals and chances for growth. In this phase, Richard Dwayne Blair can establish a long lasting and strong association with his clients. He is also able to understand his client’s expectations and skim ways of meeting them.

The second pillar, according to Richard Dwayne Blair is very crucial and aims at tailoring a long-term and effective plan stipulated to meet the customer’s goals and liquidity desires. Richard normally accomplishes this by reallocating the client’s assets and managing them to bring out maximum returns when the market periods are in upward movement and at the same time minimizing the influence of the negative financial periods have on a customer’s portfolios.

Lastly, Richard analyses the client’s insurance needs. Life has ups and downs and full of uncertainties. Nobody knows when the storms will kick in, but Richard Dwayne Blair prepares his clients adequately for them by securing annuities, life insurance and lifelong care insurance policies.

 

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