Characteristics of a Good Financial Planning Process

 

At Securus Wealth Management, a team of professionals create financial plans for a diverse clientele. Under the leadership of president Jim Goodland, Securus Wealth Management strives to help all clients understand the planning process as well as the contemporary strategies utilized by the firm.

In brief, financial planning assists individuals, families, and organizations create and pursue their fiscal goals. It typically begins with the gathering of information regarding the client's resources, obligations, needs, and preferences. Using this data, the financial planner works with the client to design both short-term and long-term goals, as well as timelines for the achievement of these goals.

Once the planner has identified the desired end result, he or she can go on to develop strategies for their accomplishment. The skilled and savvy planner will discuss these strategies with the client prior to implementing them, so that the client can ask questions and present any concerns. A conscientious planner will adjust the plan if necessary and then begin to put decisions into action.

The financial planning process should include ongoing discussion with the client, who should have the opportunity to respond to portfolio performance. The financial planning process is long-term and highly individualized, and the planner's relationship with clients should reflect these needs.

Financial Industry Regulatory Authority Offers Annual Conference

Based in Plymouth, Minnesota, Securus Wealth Management, LLC, provides clients with business planning, tax, and investment advice. Led by Jim Goodland, founder and president, the firm includes a team of fiduciary experts to help clients expand their businesses, manage taxes, and retire comfortably. Securus Wealth Management maintains membership with the Financial Industry Regulatory Authority (FINRA).

Although not technically a part of the government, FINRA is a nonprofit organization authorized by Congress to protect investors in the United States. It ensures that the securities industry conducts fair and honest business. In 2015 alone, FINRA brought more than 1,500 disciplinary actions against registered brokers and firms. It also levied almost $100 million in fines.

Each year FINRA hosts a conference where members convene and gain training. The 2017 annual conference is scheduled for May 16-18 in Washington, DC. However, if members cannot physically attend the conference, they can watch audio or video broadcasts live online. Online participants will have access to all the conference materials and will have the opportunity to ask real-time questions. Most of the recordings can be accessed on demand, allowing members to catch up on any missed sessions. Prior conferences featured networking opportunities, plenary sessions, and numerous speakers.

Wealth Managers - How Can They Help You?

Based in Plymouth, Minnesota, Securus Wealth Management, LLC, focuses on helping clients to reach their financial goals. Led by President Jim Goodland, Securus Wealth Management includes a team of experienced, trained, and certified wealth managers who work with clients in creating, implementing, and maintaining wealth management plans and strategies that aim to provide results.

Wealth management involves more than just investment planning, management, or advice. Providing a more holistic approach to financial planning, wealth managers offer a variety of financial services and products.

Specifically, wealth managers can help you out with the following:

1. Estate Planning

By providing suggestions about making a tax-efficient will and the like, wealth managers can help to reduce or eliminate your tax burden so that your intended beneficiaries can maximize what is left to them.

2. Risk Management

Managers can help you to manage risk when you are selecting an insurance plan. They can assist you in choosing the right insurance based on your lifestyle and profession.

3. Retirement Planning

Wealth managers can explain everything about your retirement fund, including how you can seek to maximize it.

Market Uncertainties Drive Shift to Alternative Investment Strategies

Based in Plymouth, Minnesota, Securus Wealth Management, LLC, provides independent investment services that span estate and business planning. Jim Goodland and his team emphasize a knowledgeable approach to financial planning that takes into careful consideration goals, risks, and opportunities. In August 2016, Securus Wealth Management initiated a strategic shift away from traditional stocks and bonds, which have an increasingly uncertain outlook in the medium term.
In the June 2016 company newsletter, Jim Goodland reiterated his cautious approach to stocks and bonds and emphasized alternative investment strategies as a current focus. Investments are directed toward each client’s risk and goals profile. Allocation toward alternatives may or may not be appropriate for everyone.
Monitoring the global macro pathway is another aspect of the Securus approach. The firm is keeping a close watch on emerging markets and is monitoring the global banking system issues. Similarly, it is keeping a close watch China, Japan, and post-Brexit Europe, which may present opportunities as market uncertainty prevails.

Spire Wealth Management is a Federally Registered Investment Advisory Firm. Securities offered through an affiliated company, Spire Securities, LLC a Registered Broker/Dealer and member FINRA/SIPC