COVID-19 has upended the universe. Our hopes and plans for the new decade turned into fear and uncertainty. Some of us lost family members, jobs, and a reliable income. We learned that life is fragile and not always under our control. But there are some things we do have power over and that’s how we react and adapt. Your financial plan is one thing you can adjust according to what is happening now. You can control your financial destiny, and we at Grace Wealth Management Group are here to help lead you in the right direction.
Review, Reflect, And Reevaluate
Our firm loves to hear client stories because that is how we find out the core of their financial priorities. When we consult with clients, we listen to them share their experiences and their dreams. Then we’ll ask them to outline their financial goals and review their current plan, 401(k), investment portfolio, insurance policies, and more. This initial understanding allows us to get on the same page and start customizing a financial road map to set them on their way toward pursuing their goals.
We also answer any questions they have about the market, strategies, and safeguards, or basic financial tips and principles. Once everything is out on the table, we piece together a customized plan that will fit their unique financial situation.
Weather The Storms
While we understand that we live in unprecedented times, we know life is still moving forward. Your friends and family members deserve to have their dreams and desires achieved, no matter what is happening in the world. Therefore, periodically reassessing goals and strategies is vital to mitigate risk. Once we have a complete understanding of their current goals and financial situation (or yours), we can work together to evaluate and take action. We will also consider upcoming milestones, such as major purchases, marriage, children, education, or retirement, to determine how finances in the future might be affected. If we think every action is being taken to grow wealth and manage risk, we’ll gladly tell them so and send them on their way.
If, on the other hand, we discover gaps in their plan and find it no longer fits their financial goals, we’ll explain why before they leave our office. 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 financial professional take another look at their financial plan to ensure that it’s current, still relevant, and designed to make progress toward long-term dreams. Regardless of the outcome of our second look, we hope they will have full confidence in us, their decisions, and their financial plan.
Do You Know Someone Who Needs This?
Do you have a friend or family member who needs financial guidance? Our mission at Grace Wealth Management Group is to help others achieve their best through careful financial planning. We are lucky to have clients that feel so strongly about the service they receive that they refer their friends and family to us. We are here to help others in need of good advice and direction.
If you know someone who would benefit from a consultation, schedule an appointment here, call me at (949) 631-3840 x2, or email jbang@cfiemail.com.
About Jim Peters
Jim Peters is an independent financial advisor and the founder of Grace Wealth Management Group, Inc., a full-service financial firm committed to helping people pursue their financial goals. With more than 24 years of experience in the industry, Jim combines his extensive knowledge with his genuine interest in helping people pursue financial independence. Beyond his experience, he is certified as both a Chartered Life Underwriter® (CLU®) and Chartered Financial Consultant® (ChFC®), meaning he has advanced training and knowledge in financial planning and insurance. Based in Irvine, California, Jim specializes in working with individuals, families, and businesses throughout Orange County. To learn more, connect with Jim on LinkedIn or visit www.financialadvisorirvine.com.