Being a financial advisor means managing people’s investments so that they can achieve their financial goals. Richard Dwayne Blair has been a financial advisor for over 20 years. He is a graduate of the University of Houston, earning a bachelor’s degree in financial management services. Not long after graduating he opened his own office called Wealth Solutions which is located in the greater Austin, Texas, region.
Richard Dwayne Blair says that he derives a lot of satisfaction out of helping his clients attain their personal financial goals. His clients consist of high net worth individuals, often business owner. He says that when it comes to financial planning his approach consists of three pillars. This allows him a comprehensive view of his client’s financial picture and allows him to develop a customized plan so that the client can get from where they are to where they want to be financially.
The first pillar is completed during the first time that Richard Dwayne Blair meets with a new client. He talks to this person about what their goals are in life, where their strengths lie, how tolerant they are for risk, and where they see opportunities for growth in their life. He wants to build a longterm relationship with his clients and this first pillar is critical to forming that.
The second pillar is where Richard Dwayne Blair develops the long-term strategy he will follow for his new client. He keeps his client’s goals and liquidity needs in mind as he determines how best to invest their portfolio. He is an active manager of his clients portfolios and so he reallocates their assets in a way that helps them get market gains when markets are doing well and avoid the negative impact on their assets when financial markets inevitably turn negative.
The final pillar is where Richard Dwayne Blair talks with his clients about the strategy he has set for them and they review it together. Going forward he puts the strategy into action and then monitors it. He matches the portfolio’s performance against what the client was expecting as well as what their unique goals are.