Do You Know Someone in Need of a Financial Second Opinion?


The markets have been particularly volatile and confusing these last few years, causing even the most patient of investors to question the wisdom and strength of their investment plan. Beyond economic changes, personal life changes can also alter their financial priorities. They may wish to explore different financial strategies to double check that their current plan still makes the most sense for them.

In order to stay committed to a plan, it’s important to have complete confidence that it is still working. If you can think of someone this would resonate with, a financial second opinion may make all the difference.

What is a Financial Second Opinion?

I like to tell my clients to think of a second opinion as a financial check-up, just like a physical check-up or eye exam you’d get from your doctor. Meeting with your friend or family member, I’ll take the time to get to know them and their unique financial situation, ask them to outline their financial goals, and review their current plan, 401(k), investment portfolio, insurance policies, and more. This allows me to determine where they stand and where they want to be so that we are on the same page with their objectives.

I’ll also answer any questions they may have about the market, strategies, or basic financial tips and principles. Then, I can apply their concerns, ideas and goals to their current plan to see how everything lines up.

The Benefits of a Second Opinion

Once I have a good overview of their financial picture, we can work together to reevaluate and readjust. If I think their investments, insurance, etc. continue to be well suited to their long-term goals despite the market turmoil, I’ll gladly tell them so and send them on their way.

If on the other hand, I think their plan no longer fits their goals, I’ll explain why in a way they can understand. And, if they’d like, I’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. As someone who understands the multifaceted set of financial worries people face as they become more successful and get within 15 years of retirement, I can help entrepreneurs, professional practitioners and retirees overcome the 5 major challenges facing affluent families.

It never hurts to 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 ideally suited to achieve their long-term dreams. Regardless of the outcome of our second look, I hope they will have full confidence in me, their decisions, and their financial plan.

Making a Referral

Did you know that many of my clients are referrals other clients have made? Over the years, I’ve built strong and long-lasting relationships with my clients who not only trust me to manage their money, but also trust me enough to refer their loved ones to me. I think the highest compliment you can give me is to let someone else know about your exceptional experience working with Beacon Wealth Management. I value my clients and want to take the time to get to know each individual I work with on a personal level.

If you know someone who would benefit from a financial second opinion, send them my way and let me 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, contact my office today by calling (304) 626-3900 or emailing jhalterman@bwmwv.com.


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Bridgeport, WV 26330
Phone: (304) 626-3900
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Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Beacon Wealth Management operates independently of Cambridge. This communication is strictly intended for individuals residing in the states of DC, DE, FL, MD, NC, OH, PA, SC, TN, TX, VA, and WV. No offers may be made or accepted from any resident outside the specific state(s) referenced.

 

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