Three Pillars of Financial Planning with Richard Dwayne Blair

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Financial education is a key strategy employed by Richard Dwayne Blair when working with clients through his three pillars, and teaching runs in the family including his grandmother, mother, and wife. At every step Richard is willing to take the time to teach the financial mindset necessary for success. The first pillar, creating a financial roadmap, begins the process by developing an important relationship between Richard and his clients, and this understanding will inform the rest of the process.

Richard Dwayne Blair is an Investment Adviser Representative with many special certifications like Retirement Income Certified Professional®; Certified Tax Specialist®; and Certified Fund Specialist® among others. A strong first pillar consists of assessing goals, strengths, risk tolerance, and areas for improvement, in the development of a life-long plan for wealth creation and management. For example clients closer to retirement may decided to pursue less risky investment opportunities such as annuities, which can be a fantastic investment class, but can also be complex to the uninitiated. Richard will take the time to teach people what they need to know to be comfortable, no matter the investment class.

In the second pillar Richard Dwayne Blair develops a comprehensive investment strategy unique to each valued client, including asset allocation, loss minimization, gain capitalization, always keeping in mind the needed liquidity of the clients. Liquidity is an often overlooked consideration when evaluating a portfolio, and one which must be carefully be weighed against long term growth goals. The final pillar is implementation of the plan, with consistent monitoring of goals and income needs. Financial planning is not a “set it and forget it” prospect, ensuring a steady hand through the ups and downs of the market is necessary to maximize returns. These pillars are the result of over 25 years in the financial service industry, where Richard Dwayne Blair has worked since he graduated from The University of Houston in 1993. Wealth Solutions is the firm Richard has built to serve affluent clients in the Austin Texas area since 1994. When not working tirelessly for his clients he enjoys family time with his wife and three children, bike riding, golf, and family vacations.

 

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