Richard Dwayne Blair Uses a Three Pillar Approach To Wealth Management
Richard Dwayne Blair is the founder of the Austin, Texas-based registered investment advisory firm Wealth Solutions. His firm provides wealth management, financial planning, and retirement planning services to affluent individuals, families, and business owners. He develops an individualized investment portfolio for his clients that is based on their goals, needs, and risk tolerance. Richard Dwayne Blair strongly believes that everyone needs to have a plan to reach their financial goals.
Richard founded Wealth Solutions in 1994 shortly after graduating from college with a degree in finance. As an independent advisor, he provides his clients with a wide range of products and services that are appropriate for their unique needs. He is certified in many areas as an income specialist, a tax specialist, an estate and trust specialist, and an annuity specialist.
Richard Dwayne Blair has a Three Pillar Approach to creating a comprehensive financial plan. The first pillar consists of developing a financial roadmap. This is where the relationship building starts, which leads to long-lasting personal relationships. He gets to know his clients so that he can understand their goals and strengths. He then finds growth opportunities based on their investment objectives. He also establishes expectations so that his clients understand that he is working in their best interest in his fiduciary role.
The second pillar involves developing a long-term investment strategy. He creates customized portfolios based on the objectives and needs of each individual client and actively manages the portfolios to maximize their performance. He takes advantage of market increases while minimizing losses when the market goes down.
The third pillar involves implementing the individualized strategies and monitoring the performance of the portfolios. Richard keeps track of all the portfolios under his management to make sure they are performing to his clients’ expectations. There are many factors that involve successful investing, and Richard Blair makes sure his clients’ can achieve their financial goals.