According to Bright Stone, Richard Blair Wealth Solutions has made it his firm’s mission to assist clients in expanding their earning potential and manage their assets. Wealth Solutions has become a staple in Austin’s financial community, boasting a reputation as a trusted Registered Investment Advisory (RIA) firm that offers structure to their clients’ lives in ways that they can adapt to believably.
Understanding the need for planning in order t meet financial goals, Blair has made it a point to connect with Austinites with services to manage the wealth they have to ensure that it lasts the duration of their retirement.
But in order for clients to heed advice, and advisors to work with their needs, Blair has directed his firm to acclimatize to their needs rather than the other way around. This is the basis of Blair’s Three Pillar approach to financial planning.
The fist pillar that must be past is understanding the client’s current financial standing. With a sense of where they stand, advisors with Wealth Solutions can extrapolate reasonable financial goals, their ability to tolerate risks in the various markets, and how to utilize their strengths to ensure success.
With an improved understanding of who their client is and their relationship to wealth, advisors can better work in their interest.
The second pillar concerns strategy. With the investment profile of the client compiled, advisors can better make use of their liquidity and apply it to those aforementioned goals.
Blair’s approach is to take the client’s assets and put them to work for in markets that are suitable for those current goals. This is done with the intention of mitigating unnecessary risk by avoiding markets don’t align with the client’s strengths.
The final pillar incorporates insurance. Blair believes that protecting one’s long-term care can better prepare them to enjoy the returns on their investments during retirement, just as life insurance and annuities makes it easier on loved ones to care for them in the event of their passing.
About Richard Blair:
Raised in a family dedicated to education, Richard Blair’s career has been centered around educating people bout the complex nature of investing and the dynamic application of liquidity in their own best interest.
Following in the footsteps of his mother, Blair has spent more than 20 years educating people on how to better prepare themselves for the future.
In 1994 Richard Blair opened up Wealth Solutions, servicing Austin, Texas. Gathering some of the brightest minds in finance, Blair has taken knowledge and experience needed to not only make clients comfortable in opening up their financial lives to advisors but making them satisfied with the results.