Great financial advisors donʼt just manage your investments; they also help you make decisions across your financial life. But how do you know whether your financial advisor is creating a financial plan that fits your needs?
At D&Y, we follow a simple set of principles to develop your financial strategy. We believe your financial plan should be:
Holistic. Your financial plan is more than just a momentary checklist. Your plan should not only take into account your current financial picture; it should also include your goals and dreams, your health, your family situation, and any other personal and professional dynamics you face.
Tailored to you. You donʼt fit into a box and neither should your financial plan. Whether youʼre building your business, figuring out when you can retire, managing an inheritance, dealing with divorce, starting your family, or leaving a legacy, you deserve a financial plan thatʼs as unique as you are.
A tool to help you make tradeoffs. Should you work a few more years or should you retire early and spend less throughout retirement? How do you balance investment risk versus return to drive sufficient retirement income? How much can you spend now without worrying about running out of money later? Can you afford to take your entire family on that big vacation this year? What happens if you make a transformational gift to your favorite charity? Your financial plan can help you answer questions like these so you know the implications of the choices youʼre making. By utilizing our financial services, you will have a one-stop shop to help with your retirement planning, asset management, and investment management – giving you peace of mind when making decisions.
Designed to weather good times and bad. Your financial situation can change faster than you think. Markets fluctuate. Unexpected expenses arise. We stress test your financial plan and investment strategies to make sure it will carry you through the inevitable ups and downs of life.
Dynamic, evolving as your life changes. Your financial plan isnʼt just a one-time document. As your life unfolds, weʼll update your financial plan to reflect the changes youʼve experienced. That way, youʼll have a living, breathing document to serve as your guardrails on an ongoing basis.
Built by a team with expertise. Financial planning software can only take you so far. Ultimately, what makes the difference between a good financial plan and a great one is the people who create it. As a fee-only fiduciary financial advisor, we always have your best interest in mind, and our experienced team is here to provide truly comprehensive financial planning and financial advice. At D&Y, every Lead Advisor and Financial Planner is required to obtain the CERTIFIED FINANCIAL PLANNERTM designation. Many also hold additional advanced designations with specializations in areas like business exit planning, tax planning, and planning for divorce. Our financial planning service also includes collaborating with your entire professional team, from your accountant to your estate planning attorney, to ensure that all of your financial decisions are grounded in excellent, holistic advice.
Together with one of our financial planners, weʼll help you create a roadmap to follow and provide you with a team dedicated to getting you to your destination. We provide financial advising in the following areas:
Having proper insurance coverage is a key part of a comprehensive financial plan. From protecting your family with basic coverage to addressing multigenerational estate planning, insurance can be a key building block.
Although we are not insurance brokers, our wealth management firm is happy to recommend professionals who can help assess your current coverage and meet additional needs. Note that we do not receive any compensation from insurance products or professionals we recommend.
Our financial planning team addresses common insurance needs including:
Taxes can be complex. A D&Y financial planner in San Diego will work with your tax professional and estate planning attorney to create a proactive strategy to optimize your income, gift, and estate taxes. This can include:
From 401(k)s to stock incentives, we can help optimize your compensation while minimizing the impact of taxes. We often help clients:
Do you know what will happen to your wealth upon your passing? One of our financial advisors will work with your estate planning attorney to put a plan in place throughout your lifetime and after. This can include:
Are you saving for college for your children or grandchildren? Is an UTMA/UGMA custodial account or a 529 the right choice for you? How does that impact their ability to qualify for financial aid through the FAFSA? And if you select a 529, which one should you choose?
Our financial planners can advise on all of these decisions while providing you with recommendations for how much to save and how to invest to reach your familyʼs educational goals.
Whether you are looking for investment advice or need assistance with asset allocation or financial planning, contact a financial professional at Dowling & Yahnke Wealth Advisors today to get started planning for your financial goals.