Do you know you could benefit from financial advice, but not sure how to find the right financial advisor? If so, you’re not alone. There are many types of financial advisors out there – some who specialize solely in investment management, others who sell proprietary products like annuities and life insurance, and still others who take a comprehensive approach to financial planning that coordinates every piece of your financial picture.
Planning for financial security is one of the most important undertakings of your life, so you want to make sure you partner with an advisor who aligns with your values. You should be able to fully trust your financial advisor and know without a doubt that their advice is in your best interest. Below, I share my philosophy and approach to financial planning with the hopes that if my values align with yours, we can start a conversation to help you pursue financial success.
My Philosophy: Comprehensive Wealth Management
My philosophy centers around a comprehensive wealth management approach. Rather than focusing exclusively on portfolio performance, comprehensive wealth management coordinates your quantitative goals (the numbers) with your qualitative goals (your quality of life). To achieve this, we start with your values and a detailed vision for your future.
Once we have an understanding of your quality-of-life goals, we develop custom strategies to help you reach the numbers that will allow you to live out that vision. Using a comprehensive approach means that investment returns aren’t the only important numbers on your journey to financial success. We also coordinate your tax strategies, Social Security options, savings rates, and debt repayment plans to optimize your chances of achieving your goals.
Of course, investment management is still an integral component of comprehensive wealth management. With complete knowledge of your financial situation, we can develop a custom investment plan to help you meet your specific goals and priorities. We do not believe in taking unreasonable or unnecessary risks, but we also know that an appropriate amount of risk is a fundamental part of making strides toward your goals.
Ultimately, we believe in a personal and customized approach to financial planning and wealth management. You may share similar goals with many of our clients, such as protecting and growing your wealth and achieving a secure and comfortable retirement, but your circumstances and how you get there are unique to you. At Caviness Wealth Management, we give you the resources, tools, and personal attention you need to pursue those goals.
My Process: Personalized Financial Planning
To provide you with the custom wealth management strategies you deserve, we start with your vision, plan the direction you’ll take to achieve that vision, maintain the momentum of your plans, and strive to ensure you’re prepared for the risks and challenges we all face in day-to-day life.
Our four-step process ensures we’re staying true to these principles throughout our professional relationship:
- Discovery
- Education
- Recommendation
- Active Management
1. Discovery
During the Discovery phase, we take a deep dive into your personal and financial life goals. In these initial conversations, we will help you clearly define your values, decide how you’d like to realize those values, and identify the financial resources you’ll need to make that happen.
We also gain a comprehensive understanding of your current financial situation to determine the gap between where you are today and where you want to be in the future. It’s important that we both know your current situation so we can design custom strategies that will work for you specifically.
2. Education
We believe you should have a knowledgeable say in all your financial decisions. After all, the financial decisions you make today will likely have far-reaching implications for your future. For this reason, Caviness Wealth Management is not the kind of firm that completely takes over your wealth management.
Instead, we are your financial partner to offer knowledgeable guidance, recommendations, and support. To ensure you fully understand the options available to you, we spend time educating you about the risk and reward characteristics of different asset classes that may make up your portfolio. This discussion also helps us find out your specific risk tolerance, which is more accurate the more information you have.
3. Recommendation
Next, we provide our recommendations for the optimal blend of investment methodologies that we believe are most likely to help you achieve your goals. Your portfolio decisions are always driven by your specific needs, your values, your goals for your future, and your personal risk tolerance.
4. Active Management
Once you’ve agreed to our recommendations, the work doesn’t stop there. We will implement the strategies we’ve recommended and provide ongoing management and monitoring so we can adjust your plan to changing life circumstances.
We never truly know what the future holds. So whether markets are changing, you modify your goals for your future, or your current investment selections are not producing the desired results, your plan is flexible. Our job is to do the research and analysis necessary to know when to make changes and why.
What It’s Like To Work With Caviness Wealth Management
When you’re paying for financial advice, you deserve the highest quality of service and attention. The good news is that we succeed when you succeed; so our interests are perfectly aligned and our time is best spent on you. Because of these mutual goals, you can be assured you’re receiving objective financial advice.
Additionally, we live in an era where there is a multitude of investment options, financial information, and diverse opinions from various financial gurus. Our goal is to make your wealth management process simple and streamlined. We sift through the vast amounts of available information out there to provide you only with what you need for your unique situation.
Finally, our comprehensive approach to wealth management thrives when everything and everyone is on the same page. We partner with the other professionals on your team to make sure everyone is up to date with your plans, goals, and strategies, including your CPA, your attorney, and anyone else relevant to your financial life.
If My Philosophy Resonates With You, Give Us A Call
We understand that our philosophy and approach may not be right for everyone. But if our principles and process resonate with you – and you know you need a partner who can offer guidance to help you pursue your goals – we invite you to give us a call.
We specialize in helping individuals, families, and small business owners pursue financial success using unique and custom investment strategies. To see how we can help you, contact us today.
