If you live in the Austin area of Texas and are in need of financial advice and the services of a trusted investment counselor; you’re in luck. Richard Blair of Wealth Solutions is most likely just a short drive away from you and while he does offer financial advice his approach is a little different, he really feels that he is more of a guide and an advocate when it comes to helping you make your financial decisions.
Richard Blair is the founder and owner of Wealth Solutions which operates out of Austin, Texas, which is a ‘Registered Investment Advisory’ company and the word ‘Registered’ means his company operates under the supervision of the ‘Securities Authorities’ of the state of Texas. Personally, he has an industry securities registration that he has held for over 22 years and is under the watchful and constant scrutiny of the Securities And Exchange Commission.
He has taken his formula for creating financial guidelines and investment strategies and broken it down into three elements that he calls the ‘Three Pillar Approach.’
- Pillar Number One: Develop an Understanding: This first pillar involves getting answers to a variety of questions so that he and his clients can understand their strengths and weaknesses and what their financial goals are. Richard Blair has a keen focus on ‘Risk Tolerance’ as he feels peace of mind is very important. If you are going to lie in bed awake all night worrying about the risk level of your investments; then you’re not really going to be able to enjoy life right now.
- Pillar Number Two: A Long-term Vision With an Emergency Fund: Once it is understood what a client wants and how much risk they can handle; then it is time to set up a long-term strategy and also allocate a sufficient amount of money for an emergency cash fund. Again, there is a an aspect of having ‘Peace of Mind,’ but also the practical understanding that having cash on hand means you don’t have to make a withdrawal from one of your investments. An ‘Early Withdrawal’ normally results in penalties and fess and paying taxes so you end up losing money instead of just using part of the cash on hand in your emergency fund.
- Pillar Number Three: Insurance Needs and Long Term Care. Insurance needs are important and it’s not just life insurance. Getting quotes from companies and combing all the types of insurance you need can save you money. There is also the fact of understanding the value of certain life insurance policies if there ever is a sudden need due to an emergency situation.
With someone of Richard Blair’s caliber and integrity who operates within a local geographical area; his clients feel much more at ease knowing that a simple phone call and a short drive means they can sit down face to face with their financial adviser and this same person is the founder of the company giving them an unusual sense of well-being.