Richard Dwayne Blair developed a three-pillar plan to help people plan for and achieve their financial goals. He graduated from the University of Houston, receiving a Bachelor’s degree in finance and financial management. After graduating, Blair began working in the financial service industry and in 1994 he founded his own firm: Wealth Solutions. Richard Dwayne Blair works with his clients on several fronts to help them develop financial plans and take advantage of investment opportunities.
Richard Dwayne Blair’s firm, Wealth Solutions, helps people achieve their financial goals through investments. He offers both wealth management and retirement planning. Blair has developed a three-part plan that he uses with every client to determine and reach their retirement and financial needs.
The first pillar of Mr. Blair’s plan involves developing a financial roadmap. This map is created by looking at a client’s financial goals. Blair assesses the client’s tolerance for investment risk and determines where their strengths lie. He then makes a tally of their opportunities for financial and professional growth. During this first pillar, Richard Dwayne Blair is able to build a relationship with his clients, which is useful in managing their financial goals. The more clear Blair’s understanding of his client is, the better he will be able to help them with their financial expectations.
The second pillar involves the creation of a long-term investment strategy. This process is unique to each client and takes several things into consideration. During this step, Blair manages the assets of his clients, investing and withdrawing funds based on moves and predicted turns in the market. The performance of the assets is then compared to the goals of the clients.
The third pillar deals with insurance. After the client’s goals are determined and their strategies are implemented, Blair reviews insurance options. Because there are always unpredictable outcomes in the market, Blair wants to ensure that clients have adequate coverage. Blair helps with life insurance, annuities, and long-term care insurance.