Three Phases in Financial Planning – Dwayne Richard Blair

For more than 20 years in the field, Richard Dwayne Blair has successfully achieved financial goals for his clients. He states that every individual needs a financial road map so that they can achieve their financial objectives. He has specialized in offering retirement plans so that his clients can enjoy living in their retirement age. Richard Blair follows a paradigm that enables him to meet the expectations of his clients.

The three staged financial plan enables him to gain a deeper understanding of the client’s financial goals and the current financial status. Once he has these statistics, he can formulate a friendlier retirement plan for his clients. The stages are highlighted below

The First Phase

According to Richard Dwayne Blair, the initial phases is very fundamental. Through the first pillar, Richard Blair identifies the goals, weaknesses, risk tolerance, and the growth opportunity of a client. Once he obtains these statistics, he can plan a financial road map for the client. Additionally, this stage entails honesty between the client and Richard. The first pillar enables Richard to develop an understanding regarding the financial goals and concerns of clients.

The Second Phase

Once the financial roadmap has been formulated, Richard uses the second phase to develop a long-term investment strategy based on the client’s goals and liquidity needs. Richard uses his expertise in stock markets to manage and relocate assets during the financial constraints. This is to ensure that the assets are not affected by the changes in the financial markets.

The Third Phase

The third phase is the final step that entails implementing and monitoring the performance of a client. Richard Blair has the necessary tools which enable him to track the performance based on the client’s unique goals and liquidity needs.

About Richard Dwayne Blair

Richard Blair is a professional wealth advisor with vast experiences and expertise in planning retirement. He currently serves as the CEO and the founder of Wealth Solution in Austin, Texas. He provides financial advisory services to families, private investors, and small business owners. He ventured into the financial industry in 1993 where he founded Wealth Solutions.