You don’t have to be neck-deep in the financial field to know that the markets have been at all- time-high levels recently. Did you know that since the November 2016 election, we’ve had over 50 record-high market closes? Many investors are enjoying significant gains. As a result, even the most wary investors may start to feel pretty comfortable.
Many economists expect continued growth, but it’s important to remember two things. First, markets can shift quickly, so it’s imperative to have safeguards in place to help protect your savings from inevitable future downturns. Second, as you near retirement, it’s time to reevaluate your strategy to make sure your financial plan is in line with your retirement goals.
If you haven’t addressed these two points, a financial second opinion could make a world of difference. Does this sound like you or anyone you know?
A Check-Up For Your Finances
You can think of a second opinion as a financial check-up, just like an annual physical or eye exam you’d get from your doctor. When we meet with your friend or family member, we’ll take the time to get to know them and become familiar with their unique financial situation. We’ll ask them to outline their financial goals and review their current plan, 401(k), investment portfolio, insurance policies, and more. This allows us to get on the same page and start customizing a plan that will take them where they want to be.
We’ll also answer any questions they may have about the market, strategies, or basic financial tips and principles. Then, we’ll combine all their concerns, ideas, and dreams with their current plan to see if everything lines up.
The Benefits of a Financial Check-Up
Once we have the big picture of their finances, we can work together to evaluate and adjust. If we think everything continues to be well suited to their long-term goals despite market turmoil or personal life changes, we’ll gladly tell them so and send them on their way.
If on the other hand, we think their plan no longer fits their goals or their portfolio is too risky, which can easily happen during periods of strong stock market returns, we’ll explain why without resorting to complicated jargon. And, if they’d like, we’ll recommend some alternatives. It may be that minor adjustments are needed based on their age, current economic woes, or a change in priorities and plans.
It never hurts to have a professional take a second look at their financial plan to ensure that it is up-to-date, still applicable to all aspects of their life, and is designed to achieve their long-term dreams. Regardless of the outcome of our second look, I hope they will have full confidence in us, their decisions, and their financial plan.
Do You Know Someone Who Needs This?
We’re proud to say that many of our clients are referrals other clients have made. Over the years, we’ve built strong and long-lasting relationships with clients who not only trust us to manage their money, but also trust us enough to refer their loved ones to us. We like to serve as more than just an advisor; we also aim to be an objective guide, a shoulder to lean on, a financial teacher, a business consultant, and a professional people can rely on for honest advice. The highest compliment you can give us is to let someone else know about your exceptional experience working with HBA Wealth.
You work hard for your money and want to make the wisest financial choices so you can invest your time and energy in the people around you and the experiences you enjoy. We understand this and respect your values greatly. You want your best for your financial life, and we want the best for you.
If you know someone who would benefit from a financial second opinion, send them our way and let us help them evaluate where they are now, determine where they would like to go, and address any gaps that may be apparent. Or, if you think you yourself would gain from a financial check-up, give us a call (626) 529-8347 or email me directly at firstname.lastname@example.org.
About Haydel, Biel & Associates
Haydel, Biel & Associates, an independent financial advisory firm serving individuals and families near Pasadena, California. The firm was founded in 2004 by Chris Haydel and Ricky Biel with a desire to provide unbiased, client-centered, community-based financial advice. Together, they have built a practice that has grown into a family of caring, smart professionals committed to blending proven investment methodologies with creative financial technologies that make it easier than ever to accomplish your goals. They strive to keep things simple and fun to give their clients peace of mind and alleviate financial stress. HBA Wealth takes care of their clients’ needs first and foremost and goes the extra mile to make their clients’ finances grow. To meet and see how the HBA Wealth team may be able to help, contact them today at (626) 529-8347 or email Ricky directly at email@example.com.