The Stages Involved in Financial Planning – Richard Dwayne Blair

About Richard Dwayne Blair

Richard Dwayne Blair is famous for independently founding Wealth Solution. During his early age, he always had a passion for helping families and individuals in overcoming their financial ordeals. Wealth Solutions is a registered and licensed firm that offers financial advisory solutions to clients regarding retirement and investments.

Since Richard Dwayne Blair had an interest in the financial industry, he ventured into the sector immediately after graduation. He was lucky enough to secure a job at a certain financial firm. In 1994, he opted out of the firm to create Wealth Solutions.

Over the years, Richard Blair has concentrated in the areas of retirement planning. His principal objective is to aid individuals to bridge the gap between retirement planning and living in retirement so that they can avoid mistakes during preparation. He is one of the experienced individuals in the sector with more than two decades in the industry. As a result, he has been a critical figure in realizing growth in his firm and attracting numerous clients.

The Process in Financial Planning

Over the years, Richard Dwayne Blair has succeeded as a retirement planner. He cites his success to a three-pillar paradigm. Richard adds that everybody requires a financial plan which will lead them in attaining their financial goals. He helps his clients in developing a retirement plan through the three-phase financial process. Through the process, he can develop a plan by understanding the client’s financial situation and financial goals.

The First Pillar

The primary pillar assists Richard Blair in assessing the client’s financial goals, an opportunity for growth, risk tolerance, and the areas of weakness. Once he has the numerical, he is in a position to come up with a compelling financial roadmap. He also uses this pillar to build a healthy relationship with the client.

The Second Pillar

The second stage aims at developing an investment strategy based on the client’s liquidity needs and financial goals. Richard Blair formulates the investment strategy from the statistics in the first phase.

The Third Pillar

The final stage gives Richard an opportunity to implement and monitor by tracking the performance index of the client.