Richard Dwayne Blair is a Registered Investment Advisor with the Austin, Texas branch of Wealth Solutions. A graduate of the University of Houston, where he garnered a bachelor’s degree in Finance and Financial Management Services, Mr. Blair recommends a three-pillar approach to attaining financial freedom and achieving the goals wherein. Catering specifically to the residents of the Austin, Texas area, the comprehensive financial plan that Mr. Blair utilizes, is geared toward effectively mapping out viable retirement solutions and wealth management. The three pillar approach allows Richard Blair to create an effective plan by beginning with the client’s current financial portfolio, which, in turn, allows him to gain a clear understanding of the desired trajectory.
In the first pillar, the client’s “financial roadmap” is created. During this process, Richard Dwayne Blair assesses a number of variables specific to the individual client, including strengths and weaknesses, risk tolerance, and the potential for growth. In this particular phase, a relationship is formed between Mr. Blair and his clients, which is designed for longevity and continued prosperity. The expectations and goals of both parties are clearly designated during the first pillar, allowing any concerns to be addressed and alleviated.
In the second pillar, Richard Dwayne Blair breaks down a long-term strategy for investment, which is customized for the needs of the client based on personal liquidity, as well as the overall trajectory of the intended financial improvement. By analyzing fluctuating market trends, Mr. Blair will manage and maneuver assets based on the most lucrative trends, while also minimizing any backlash that might result.
The third pillar utilizes an effective revision process and occurs only after goals have been established, and actions have been taken to improve financial stability for the future. This process equally involves Richard Blair and the client, using an “implementation and monitoring” strategy. The client’s financial goals are then tracked and compared with the expectations laid out in pillar one, particularly concerning historical data, and individual models.