Wealth Management Spokane

Serving Pre-retirees, Real Estate Agents & People in Transition

What Is Wealth Management?

It feels like wealth should be less challenging to manage than it is. After all, you were savvy enough and diligent enough to attain the success that created your wealth. And yet:

  • Your financial picture has gotten more complex.
  • The time you can (or even want) to spend on your finances has gotten shorter.
  • You’re concerned about making costly mistakes.
  • You want to efficiently build on your success.

For many high-net-worth people, maybe you, there comes a decision to hand over the management of their wealth to a professional. They want to get back to living their lives—confident that all areas of their personal finances, from taxes to investments, are working together for their well-being.

That is where wealth management comes in. Whether the professional calls themselves a wealth manager, financial planner, or financial advisor, they offer a long-term relationship where their goal is to help you achieve your goals. They provide an array of services tailored to your needs and concerns, and along the way, they help you get organized, see the big picture, get answers to questions big and small, and help you gain peace of mind that your hard-earned wealth is in the right hands.

At least, that’s how we at Quantum Financial Planning approach wealth management. Based in Spokane, Washington, our independent Registered Investment Advisor (RIA) firm focuses on long-term relationships and ongoing wealth management to help clients make a plan for their future while enjoying life today.

We primarily work with couples and individuals preparing for retirement, successful real estate agents, and people experiencing a big life transition. By offering fee-only, fiduciary advice, we serve as a trusted advisor for wealth management services in Spokane and across the United States.

The Wealth Management Process

Wealth management is the process that helps account for, preserve, and grow your wealth and optimize your future. Generally, your financial planner will get to know you, your concerns, and your goals. Then they build a comprehensive plan to help address your concerns and attain your goals. They work with you and your other professionals, such as an attorney or CPA, to implement the strategies, regularly meeting with you to assess progress and adapt the plan as needed.

Though the process will vary depending on the wealth manager, we have developed our trademarked Quantum Process, which encompasses the following steps:

  1. Get organized. This first step helps achieve clarity in your situation. By organizing your financial data, we help make confident and informed decision-making easier.
  2. Visualize your goals. Success means different things to different people. We want to understand your definition of success so we can incorporate it into your financial plan.
  3. Make a plan. Your financial plan is the intersection of your financial data and your goals. Our team builds out a model of your current scenario and shows you the trajectory of your plan toward your goals.
  4. Optimize the plan. We run “What if?” analysis to illustrate the potential impact of our recommendations so you can make informed decisions about your options. We then begin implementing your plan.
  5. Systematically review and adjust. Life is fluid, and your financial plan should be too. We partner with you for the long run and help you adjust as life changes

What Areas Does Wealth Management Address?

Your wealth management plan should help you live the life you love. That means incorporating all areas of your finances. Some of the areas in which we make recommendations include:

  • Cash flow analysis. We use sophisticated, user-friendly software designed to help you understand your cash flow. Once we establish a baseline, we run scenario analysis to help determine the solutions that optimize your goals.
  • Retirement planning. We help you successfully transition into retirement by planning for monthly income needs, lifestyle goals, health care costs, Social Security, and much more.
  • Investment management. Our in-house investment committee includes professionals with the Chartered Financial Analyst (CFA) and CERTIFIED FINANCIAL PLANNER® (CFP®) marks. We provide fiduciary guidance in building a diversified portfolio designed for your unique goals.
  • Risk assessment. Our objective is to help identify and mitigate the risks in your life. We assess areas of risk, such as your insurance coverage and portfolio diversification, and make recommendations to help make sure your risk level is in line with your financial plan.
  • Estate planning. By reviewing your estate plan, we help shed light on potential financial pitfalls so your loved ones can avoid unneeded disputes after your passing. As your life changes, we collaborate with your attorney to make any necessary estate plan updates.
  • Specialized planning. Certain circumstances require specialized, niche expertise. For example, highly successful real estate professionals will likely need a plan for their variable income. We have individuals trained in unique planning areas so that you can benefit from a collective, robust, and thorough knowledge base.

Schedule Your No-Cost Insight Meeting

We offer a complimentary insight meeting that generally lasts 60 minutes. The goal of this meeting is for you to get a feel for the services we offer and for us to identify the avenue that best addresses your wealth management needs.