Richard Dwayne Blair stands on the belief that proper planning is paramount to the pursuit of one’s financial goals. At Wealth Solutions, Richard helps his clients do just that by using his nearly quarter-of- a-century’s worth of experience as a SEC-registered financial planner to offer wealth management and retirement planning services to residents in Austin, Texas. Richard Dwayne Blair is dedicated to helping members of his community establish a clear pathway to their financial goals.
Richard Dwayne Blair developed a system called “The Three Pillar” system, that allows him to design a comprehensive plan for each client. This gives him the ability to properly assess each client’s unique situation and create a definitive plan to accomplish the objectives identified.
The first pillar was developed to formulate the groundwork for the client. Richard Dwayne Blair uses this phase to outline a pathway toward each client’s strengths, goals, risk tolerance, and potential for growth. Richard uses the first pillar as an opportunity to build a genuine, long-lasting bond with his clients. He’s also able to garner a more profound realization of the particular concerns and desired outcomes of each individual client. It is also vital to establish clear expectations in the first phase.
The second pillar is intended to design a customized, long-term investment strategy that is effective, and geared specifically to clients’ objectives and liquidity requirements. Richard assumes the responsibility of managing and properly allocating assets to aggressively take advantage of key periods of positive market activity while minimizing clients’ exposure to the effects that downward periods in the market can have on clients’ portfolios. Mitigating risk is critical to the protection of clients’ assets.
Once the client’s financial objectives have been identified, and the action plan to provide sufficient growth and liquidity has been enacted; Richard is at that point able to review the third and final pillar with his clients. The third pillar involves implementation and monitoring. Richard implements the strategy and monitors the objectives established in the previous pillars. The clients’ historical data, goals, and expectations are tracked and compared to evaluate the effectiveness of the process.