Richard Blair of Wealth Solutions is a financial advisor in the Austin, Texas, area. He is a graduate of the University of Houston and has a degree in financial management. After working for another firm for a short period of time he founded his own company called Wealth Solutions. His company is a registered investment advisory firm and its office is in Bee Cave. He has earned several financial designations such as Certified Tax Specialist, Certified Fund Specialist, and Certified Annuity Specialist among others.
At Wealth Solutions, Richard Blair says that he follows a plan in order to help each of his clients. His belief is that each of his clients needs a plan in order to reach their financial goals, whether that is retirement or other reasons. The first step he takes with each of his clients is to learn about them. In order to truly help someone a financial advisor needs to learn about the entirety of their current financial situation and what they will need for retirement, he says. As each client has different needs and different appetites for taking risk he says that each one needs an individualized financial plan created for them.
After learning about his new client, Richard Blair uses this information to build a long-term strategy for them. He makes sure that their long-term investment goals are outlined while also making sure that they have enough liquidity in order to meet short-term needs. He will reallocate his client’s funds when they stray from the financial plan he created. When markets are down he also works to reduce how much his client’s portfolios fall.
Richard Blair can also help his clients with their insurance needs. For some this includes annuities, life insurance, and sometimes long-term care needs to be addressed. Most of his clients are high net worth individuals, often by owning a successful small business. As a full-service firm, he also makes sure his clients are educated about investing. To achieve this he sends out regular communication to them about different financial topics. Clients can choose to receive these on a weekly, monthly, or quarterly basis.
As financial markets change on a regular basis Richard Blair believes that financial strategies also need to adapt to current and future conditions in the markets. The plans he creates for his clients are thusly dynamic. However, he also makes sure they are sufficiently conservative, especially for those who are in retirement.
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