Whether you are aiming towards retirement, college, a new home, a travel budget or anything else, a financial plan can show you how to get there.
At Blackburn Financial, financial planning is our first step – how to invest comes afterwards. Many investment management firms begin by attempting to determine your maximum “risk tolerance.” That would be the level of risk that you can handle without falling into a deep state of fear & anxiety every time the markets drop. Once that maximum risk tolerance is determined, investments are chosen to expose you to that maximum level of risk.
This is backwards to us. What if you don’t need all that risk?
Through the financial planning process, you’ll have a road map to reaching your goals. That roadmap then forms the basis for your investment plan. If you are fortunate, the plan will show that you can invest conservatively, and still reach your goals. On the other hand, perhaps you’ll learn that you need growth in order to reach your goals. The point is: You’ll know what it will take to get you where you want to be. Then we can work together to get you there. That is how financial planning brings you peace of mind.
We see financial planning as vital to doing a great job for you. Therefore, if you are a client, it is a complimentary service.