Broker Check

My Process

A Three Pillars Approach to Financial Planning

At Wealth Solutions, Richard Blair believes everyone needs a plan to help them pursue their financial goals. By providing retirement planning and wealth management to clients, he seeks to arm his community members with a financial roadmap that can help guide them through the many milestones of life.

In order to develop a comprehensive financial plan, Richard follows a Three Pillar Approach. This allows him to look at a client’s current financial situation and retirement needs in order to provide a more holistic plan.

The First Pillar
The first Pillar is designed to lay out the client’s financial roadmap. Richard will determine the route by identifying the client’s goals, strengths, risk tolerance, and opportunities for growth. This financial planning phase is designed to help Richard build a strong and lasting relationship with his clients. He can gain a deeper understanding of the client’s individual goals and concerns, and establish clear expectations.

The Second Pillar
The second Pillar is designed to develop an effective, long-term investment strategy that is custom tailored to the client’s unique goals and liquidity needs. Richard actively manages and reallocates assets to help capture maximum performance during periods of upward market movement, while minimizing the impact that negative market periods have on clients’ portfolios.

The Third Pillar
Once Richard has established a client’s financial goals and enacted strategies to provide adequate liquidity and growth; he’ll then review with clients the final Pillar – implementation and monitoring. Richard effectively implements and monitors the client’s financial goals by tracking and comparing to the client’s or company’s expectations, individual and model goals, and historical data.