Richard Dwayne Blair on Financial Education

The world of investments can be overwhelming and intimidating, especially if you are new to making investments. What do I invest in? Companies or resources? Will I make my money plus some back? How much do I need to invest to see a profit? How often will I see my earnings? How do I sell my investments? When is the best time to sell my investments? These are just some of the questions a new investor might have. Luckily, there are people, like Richard Dwayne Blair, who are experts in the investment industry and can help guide newbies through the process.

The Three Pillars Approach to Financial Planning, developed and used by Richard Dwayne Blair, allows him, along with his clients, to walk through the financial planning and investment process that will best suit the client’s needs. The first pillar is where a detailed plan is made; goals, strengths, and willingness to take risk, or lack thereof, are discussed in great detail. Additionally, it is during this phase that clear expectations are set, a critical step in the financial planning and investment process. During the second pillar, an investment plan is set up. This is typically a long-term plan that is specific to each client’s individual goals. The third pillar is where Blair implements and monitors the investment plan set up during phase two.

With a long history of teachers in his family, it was at an early age that Richard Dwayne Blair realized the importance of education. He also realized that he had knack and interest for all things related to finance. Once he graduated college he decided to combine the two, education and finance, and founded Wealth Solutions in 1994. Wealth Solutions is based out of Austin, Texas and is dedicated to educating clients about various financial topics. The ultimate goal of Richard Dwayne Blair is to help his clients meet their retirement goals in the most effective and efficient way.

 

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