An Independent Financial Advisor in Yuba City CA specializes in retirement planning. That means he has a formula in place that helps clients meet their financial goals for the future. Retirement planning needs to begin as early as possible to ensure an individual or couple have enough money to live on when they stop working. Independent financial advisors in Yuba City CA are not restricted to any particular services or investment products, so they can focus on the best interests of their clients at all times. A wealth management system has been developed to address three key components that concern most clients. There is also a process of steps that ensure the plans and investments are appropriate for the client.
The system for wealth management begins with investment consulting. The client is given expert advise regarding the best investment strategies to meet their goals. Advanced planning includes the enhancement, transfer, and protection of wealth, along with charitable planning. Relationship management refers to the advisor working closely with the client’s accountant, insurance agent, and attorney to align all financial aspects to attain goal achievement. A Financial Advisor in Yuba City CA can service many types of retirement plans including Safe Harbor 401(k), 401(k), 457(b), profit sharing, and combination plans.
The process of steps begin with a complimentary second opinion of current wealth management and finances of the client. A discovery step lets the advisor know the goals and objectives of the client. That can be anything from just getting by in the golden years, or growing enough wealth to live well and pass money on to survivors at the time of death. A careful analysis of the client’s financial situation is next, and will give the advisor a starting point for investments. The next step is the development of custom solutions and strategies to get the client from where she is now to where she when she retires. Plans are implemented, and an investment portfolio is created. It is at this step that the Financial Advisor begins relationship management. Once the investments are made, they are monitored and reviewed regularly. The client gets clear and concise reports on each investment. Changes can be made periodically to reduce risks, or to accommodate the wishes of the client.
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