Many people have financial goals they want to achieve. Richard Blair of Wealth Solutions, a registered investment advisory firm, helps people in Austin, Texas and surrounding areas with effective planning for wealth management and retirement. He strives to arm his community with the necessary tools they need to cross any milestone they have off their list. To reach this level, Richard Blair follows a three-step approach that he calls the Three Pillars. This allows him to focus on the financial situation of a client and their retirement needs.
The first pillar was created to help come up with a path a client can take after going over their financial goals. This will be determined by what a client is good at, how much they are willing to risk, and whay kind of growth opportunities there are. This phase helps Blair get to know his clients and build a relationship with them that will last for years. At the end of the first pillar, clients should know exactly what to expect out of their investments.
The second pillar allows Blair to tailor a strategy custom to each client based on their individual goals. With this pillar, Blair can also craft a successful and established investment strategy for his clients. In this phase, he also remains active in managing portfolios and seeks to maximize liquidity and performance while minimizing any negative impacts that may effect a client’s portfolio.
The third pillar goes into effect after Blair creates a solid investment strategy and establishes growth and liquidity. After going over the strategy and plans with a client, he will then begin the final phase – implementation and monitoring. The investment data and a client’s expectations are constantly compared and any changes needed will be done so to fit the goals of a client.