How Richard Dwayne Blair Helps New Clients At This Investment Firm

Richard Dwayne Blair is an entrepreneur who established his own company in the financial industry. This company is Wealth Solutions, Inc. and it is based in the greater Austin, Texas, region. He says that in his opinion everyone needs a financial advisor if they want to hit their financial goals whether that is retirement or other reasons. He helps people in the community by going through three steps with each of his new clients. He said this gives him a very good idea of where they are at financially and how to get them to where they want to be.

The first step is to talk to the new client in order to identify their strengths, goals, financial education, and their risk tolerance. This gives him a way to build a financial roadmap that is personalized for each client. He also identifies during this first meeting what they expectations are and any concerns they may have. He says that this first meeting lays the groundwork for a very effective working relationship with his clients.

The second step is to write down an effective investment strategy that will help his client reach their long-term investment goals. This includes making sure they have sufficient liquidity in their account. He then actively manages the client’s investments which includes rebalancing the accounts between different asset classes such as bond and stocks. Without rebalancing the account can drift off from the risk tolerance each individual client has. Richard Dwayne Blair also seeks to take advantage during times the market is in an upward movement while mitigating the losses when the markets have corrections and/or bear markets.

The final step is to look to the client’s insurance needs. This includes products such as life insurance, annuities, and long-term car insurance. This gives his customers peace of mind.

Richard Dwayne Blair attended the University of Houston where he earned an undergraduate degree in financial management services. He manages over $52 million in assets under management at Wealth Solutions. He earned his securities registration in 1995. After briefly working for an investment firm after graduating from college he decided to open his own offices.

 

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