Financial planning is a coordinated, multi-step process that provides you with two important things: (1) an independent analysis and assessment of your current financial situation and life goals; and (2) a blueprint to help you determine the best way to achieve those goals.
It's important to monitor and update your financial plan as needed. As your life and the events that impact it change, so should the blueprint that guides your financial decisions. Keep in mind that financial planning is a process, not an event.
It might seem like a daunting task, but if you follow your plan and maintain a disciplined approach, you can reach your stated goals. At Wealthcare Financial Planners, we work with you to make this process as easy for you. In addition to receiving professional advice on your most important financial concerns, we can also assist with implementation and ongoing portfolio consulting.
Any individual seeking financial stability/prosperity can benefit from our services. Our clients have the flexibility to work with us on a one-time, as-needed or ongoing basis. We welcome anyone who simply needs a one-time financial consultation or a second opinion, as well as those who need full-service financial planning.
Because we are fee-only financial planners, all conflicts of interest regarding compensation are removed. We do not accept sales commissions; we work solely for our clients. Because we do not sell financial products, such as investments and insurance, there are no third-party relationships or outside influences to bias our thinking and financial recommendations.
While we do not sell financial products, we will provide you with names of highly reputable individuals and financial institutions that can assist you with the execution of this segment of your plan.
We do provide investment management services.
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No. In addition to a coordinated financial plan, we can limit our advisory services to your specific needs, such as cash management and budgeting, investment analysis, 401(k) review or college education funding.
Yes. Some firms have income levels and/or net worth minimums, but we realize that everyone has financial needs. We are proud to work with people from all income levels, and all walks of life.
Yes. People who need more sophisticated financial planning or advice will find our services appealing and beneficial. If you have a desire to simplify your financial affairs, we can provide the scope of ongoing services that is right for you. If you are looking for a professional review or a second opinion to ensure you are on track, we can provide that as well.
We provide advice for a wide variety of securities, including mutual funds, stocks (as they relate to your portfolio holdings), bonds, bank deposits, variable, and fixed annuities. We also provide advice on mortgages, budgeting, cash flow issues, 401(k), retirement programs, stock options, and life, disability, and long-term care insurance.
Absolutely not. We will offer recommendations, but you are under no obligation to buy. And, we do not benefit in any way if you decide to make a purchase.
The important thing to remember is that no one can predict the future. We do not suggest that we can, or that any of the money or mutual fund managers that we recommend, will make the correct decision every time. We do believe, however, that studying historic trends, relationships of investment classes, and the philosophies and approaches of successful investment managers can provide valuable insight. The appropriate allocation of investment assets for your goals and risk tolerance is the most important component in developing your investment portfolio. We believe that having a diversified, well-balanced portfolio over the long term with low expenses, and having patience, will increase the likelihood that you will achieve your long-term financial objectives. Regular checkups and disciplined rebalancing are advised.
Financial planning fees are determined on a project-by-project basis-the total fee for a financial plan will vary depending on the specific needs and complexity of your situation. After our initial meeting, we will provide you with an engagement letter that includes a time and fee estimate. Once the financial plan is complete, you determine how much ongoing assistance you will need with regards to implementation and investment monitoring.
No. We strongly recommend an annual meeting to evaluate and adjust your plan based on your current financial condition. And, we can prepare your federal and state income tax returns as a part of this process.
Contact us at firstname.lastname@example.org or call 803-644-0701 to set up a no-cost, no-obligation consultation. We look forward to helping you build a brighter financial future!