In order to make sound decisions on matters related to investment, you need someone who has gone through the journey and come out successfully. The Investment Advisor at Wealth Solutions, Richard Dwayne Blair, is one of the people who has become a guide to upcoming and existing investors.
Wealth Solutions based in Austin, Texas is a registered firm which has a net worth of $52 million and mandated with the goal of enhancing the lives of families, upcoming business owners, entrepreneurs, and individuals. His passion for educating people perhaps became the drive for founding this investment advisory firm. Basically, his wife, his mother and even his grandmother were all teachers and this kind shaped his life.
Wealth Solutions was founded by Richard Dwayne Blair in the year 1994 after realizing that he had a great aptitude for finance and great passion of educating his people. This is when he realized that he could help individuals in their financial planning and investments. The investment advisory firm was basically made to provide more personalized and even professional advice to his many clients. This financial expert made his entrance into the financial services in 1993. He has diverse knowledge in retirement planning too which he has used to help his customers bridge the gap between their planning and their retirement period.
According to Richard Dwayne Blair, every person needs a financial plan which is the roadmap to their great destination. He has shared a detailed financial plan that he uses based on 3 main pillars. The first financial pillar is creating a financial path and route to be followed. In this stage, he analyses the strengths, weaknesses, risks, opportunities, goals and the tolerance to risks among others. This not only enables him to develop a lasting relationship with his clients but also develop clear expectations of what his clients want.
The second pillar is developing a strategy. It should be effective and long-term based on the goals and needs of the clients. The third pillar is implementing and monitoring whether the strategy that has been laid is going to work. This is where Richard Dwayne Blair closely monitors the financial goals of the clients and their future expectations.