Chart Your Course - Set Sail Today!
Navigating your financial ship to help you stay on course
and avoid the hazards along the way.
At Blue Point Financial we strive to help a finite number of successful individuals and families build, protect, preserve, harvest and distribute the results of their life’s work. We do this pursuant to our customized investment strategies, carried out in the context of a comprehensive financial plan.
What CAN a comprehensive financial plan do for a family?
- If a breadwinner dies prematurely or becomes disabled, the family’s standard of living may not be critically compromised.
- The children of the family may be able to pay for the quality education for which they are suited.
- The current generation of the family may be able to retire on its own terms.
- The current generation may never become a financial burden to its children, even if extended nursing home stays are required.
- Even as retirement income rises to offset rising living costs, this generation’s capital has the potential to continue to grow over time, leaving behind meaningful legacies to the succeeding generations.
- Estate taxation may not force the sale of a family’s important assets (home, business, etc.). This obligation can be funded out of residual capital and/or it can be insured.
Although each family is responsible for their own financial success, our mission is to provide a carefully crafted financial plan along with guidance from a competent, objective and diligent financial planner.
Our Financial Planning Process
- Discovery
- Designing a Financial Plan
- Recommendations
- Implementation
- Progress Review
Where are you starting from? What would you do if you could?
We start by simply collecting the baseline data. This will give us a clear and shared understanding of where you are starting from. Next we begin to define specific goals for the future.
Can we get there from here?
This analysis may include many factors but usually focuses on answering a few primary questions. When and how do you want to retire? Who do you want to educate? What’s your attitude about legacies?
The Foundation and Framework of the Financial Plan
Based upon the discovery meeting we go over what we think things will cost and when. We will determine if there’s a gap between where you are and where you want to be. If there is a gap we will figure out if you have enough time and resources to close it.
Turning Ideas into Action
At this point we make the mutual decision to commit to working with each other. We will execute the documents necessary to put your plan in motion, often including the technical support of attorneys and CPAs. Implementation of a financial plan may include the opening or changing of various financial accounts. Some of the products and services we offer include: investments, brokerage accounts, insurance and annuities.
Are we still on course?
These meetings provide us an opportunity to identify changes in your situation, at least annually. As prudent as it is to keep on top of changes, we must also resist the temptation to tinker with the plan over time, just for the sake of changing it.
Striving for a successful outcome through a comprehensive financial approach.
Are you ready to chart your course? Contact us for cup of coffee and a second opinion today.
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