Financial Planning

Financial Planning

Lasting wealth is not about income or bank accounts, it’s about making the right decisions. One poor decision can be harmful; several can be disastrous. 

“Am I Saving Enough Each Year?”

“Do I Have the Proper Investments In My Retirement or 401(k) Plan and Is It Enough to Allow Me to Retire When I Intend to?”

Financial Planning Style

Throughout the industry, financial planning has evolved in the past few decades. The purpose of true financial planning is to facilitate the ongoing process of making sensible decisions about money to achieve life goals. 

This goes beyond the scope of investing and includes education planning, risk management, tax planning, retirement planning, and estate planning. Unfortunately, the mask of financial planning has been used to sell commission-based products or gather assets that may or may not be in the best interest of the client. Often this goes unnoticed and leaves the client in a less efficient or poor financial state.
At Wilsey Asset Management, our goal is to offer a financial planning style the way it was originally intended to be, unbiased and as client-benefiting as possible.

We offer our financial planning services to current and new clients. In an effort to remain unbiased, our financial planning service is separate from the asset management service. In other words, financial plans can be constructed and maintained regardless of whether the underlying accounts are invested with Wilsey Asset Management. 

“Do I Have the Proper Amount of Insurance So My Family Will Be Taken Care of If I Die, Become Disabled or Am Sued?”

“Is There Anything Else I Can Do to Reduce My Income Taxes That I’m Not Doing Now?”

We feel it is important to make the distinction between the two services because the reason we offer financial planning is not to sell products or gain new assets for management. The purpose of our financial planning service is to offer planning that clients can trust to be objective, efficient, and transparent.

“How Much Am I Investing in My Own Human Capital or That of My Children and Grandchildren So They Can Earn the Most During Their Working Years?”

“Where Do I Want to Be One Year From Now Financially?”

Why

The reason someone decides to engage in financial planning is because of “time”. Everyone has a limited amount of time and once it is gone, it cannot be recovered. Time in a day, time with family, time until we pass away, we are all bound by this single constraint. 

 For most people, it is financially impossible to spend 100% of their time doing exactly what they want. Sometimes in life we are forced into less appealing activities in order to engage in more pleasant ones. For instance, most people must take time away from family, friends, and hobbies to work so they can afford to spend their remaining time as they please. 
Another example is forgoing traveling year-round because only a one week trip every year is financially feasible. Financial planning exposes opportunities and offers efficient recommendations which improve personal financial situations. This allows us to spend less time on unpleasant activities and more time on the important things in life both now and in the future.

Our Principle

Our company is based on the principle that education and understanding of your current financial situation is vital to successfully make prudent decisions concerning your future financial condition. If you have any questions about your current financial situation or wish to schedule an appointment, send us an email or give us a call at (858) 546-4306.

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