Hello my name is Chad Taylor, Managing Partner with MDT Financial Advisors here in Houston, TX. If you have watched the videos on the meeting process for prospective clients, I wanted to talk a little bit more about Why MDT Financial Advisors. Our pledge at MDT is “We Pledge To make the complex simple by having a plan designed to fit your life goals using the right investments with straightforward cost.” And we try to do all of that with our Core Values of:
Clients First…Always
A Great Place To Be
The MDT Experience
Innovative
Growth Through Continuous Improvement
In this video we will talk about Extensive Onboarding Process, Next-Level Planning, Strategy and Review meetings and Trusted Advisors & Associate Who Care.
Extensive Onboarding Process
Embarking on a financial journey can be both exciting and daunting. It's not just about investments and numbers; it's about securing your future and achieving your financial goals. At MDT Financial Advisors, we understand the significance of this journey and are committed to providing our clients with an extensive onboarding process that ensures a holistic understanding of your financial situation. We discuss how we will walk you through the various elements of our onboarding process and how they can help identify and correct potential gaps in your plan.
· Asset Allocation/Investment Objective
The foundation of any successful plan begins with understanding your investment objectives and risk tolerance. During our onboarding process, we take the time to discuss your financial goals, whether it's retirement, education funding, or wealth accumulation. We work closely with you to determine the right asset allocation strategy that aligns with your objectives and risk tolerance. This step is crucial in ensuring that your investment portfolio is tailored to your unique needs.
· Beneficiary Designations
Life is unpredictable, and it's essential to have a plan in place for your assets in the event of unforeseen circumstances. Beneficiary designations are a critical aspect of estate planning. Our onboarding process includes a thorough discussion about your beneficiaries and helps you make informed decisions on how your assets should be distributed to ensure your loved ones are taken care of according to your wishes.
· Asset Titling
Asset titling might seem like a minor detail, but it plays a significant role in estate planning and asset protection. We review your existing asset titles to help ensure they align with your overall plan. Proper asset titling can help avoid probate and streamline the transfer of assets to beneficiaries, reducing the financial burden and complexity for your heirs.
· Community Property / Separate Property
Understanding the legal framework around community property and separate property is essential, especially for married clients. Our onboarding process includes a discussion about how your assets are categorized and the implications for estate planning and taxation. We help you make informed decisions that protect your assets and optimize your financial situation.
· Instructions to Transfer Funds
Transferring funds between accounts or institutions can be a complex process. We provide clear instructions and support to help ensure smooth fund transfers as needed to align with your investment plan. Whether it's consolidating accounts or reallocating assets, our team is here to assist you every step of the way.
· Third-Party Authorization and Indemnity
At MDT Financial Advisors, we understand that you may have trusted individuals or professionals who need access to your financial information or the authority to act on your behalf. We help you establish third-party authorizations and indemnity agreements when necessary, ensuring that your financial affairs are managed according to your wishes, even when you can't personally oversee them.
Navigating the world of finance requires careful planning and MDT Financial Advisors is dedicated to guiding you through this journey. Our extensive onboarding process covers aspects of your financial situation, from asset allocation to beneficiary designations, asset titling to third-party authorizations. By identifying and correcting potential gaps in your investment plan, we aim to provide you with confidence in your financial future.
Next-Level Planning
When it comes to planning for your financial future, there's no one-size-fits-all solution. Your unique goals, aspirations, and circumstances require a tailored approach to help ensure your financial security. At MDT Financial Advisors, we take pride in offering our clients access to next-level, state-of-the-art planning software that can transform your planning experience. Our technology integrates a series of economic assumptions with your retirement goals to determine the statistical probability of a successful retirement. We'll delve into the key components of our advanced planning process and how it can help you achieve your financial dreams.
At MDT Financial Advisors, we believe that effective planning goes beyond mere number-crunching. Our holistic approach takes into account all aspects of your financial life, ensuring that your plan is comprehensive and tailored to your unique circumstances. We understand that your financial goals are interconnected, whether it's retiring comfortably, buying a home, funding your children's education, or leaving a legacy for your loved ones. Our advanced planning software considers all these factors and more, creating a roadmap that aligns with your life goals.
Retirement planning is a critical aspect of your financial journey, and our software takes it to the next level. We don't just provide a single retirement projection; we analyze multiple scenarios to give you a clearer picture of your financial future. Life is unpredictable, and the financial markets can be volatile. Our software factors in different economic assumptions and runs stress tests to evaluate how your retirement plan holds up under various circumstances. This allows us to determine the probability of a successful retirement and make necessary adjustments to help ensure your financial security.
Your retirement and estate goals are deeply personal, and we understand that. That's why we prioritize open and candid discussions with our clients. Our financial advisors take the time to sit down with you and thoroughly discuss your retirement and estate goals. We want to understand your vision for the future, whether it's traveling the world, supporting charitable causes, or leaving a lasting legacy for your heirs. By engaging in these conversations, we can create a plan that not only meets your needs but also fulfills your aspirations.
Through our next-level planning software, we can establish ideal and acceptable outcomes for your plan. This means setting clear benchmarks and goals for your financial journey. We work with you to define what your ideal retirement looks like and what you would consider an acceptable outcome. These benchmarks become the foundation of your plan, guiding us in making informed decisions and adjustments along the way. With our technology, we can meet to review your progress and adapt your plan to help you stay on track to achieve your ideal outcome.
MDT Financial Advisors is committed to helping you achieve your financial goals with precision and confidence. Our next-level planning software, combined with our holistic approach, enables us to provide you with a comprehensive and dynamic plan. Whether you're planning for retirement, managing your estate, or pursuing any other financial goal, we're here to guide you every step of the way. Together, we'll work towards securing your financial future and turning your dreams into reality.
Strategy and Review meetings
At MDT Financial Advisors, we understand that your financial journey is unique and ever-evolving. That's why we've designed a comprehensive strategy for our clients, incorporating strategy and review meetings to help ensure that your plan stays on track. These meetings are a vital part of our commitment to your financial success, offering you an opportunity to strategize for the future, review past performance, and address various financial considerations.
· Opportunity to Strategize for the Future
Your financial goals and objectives may change over time due to life events, new priorities, or shifting market conditions. Our strategy and review meetings start by assessing your long-term goals and any concerns that have recently emerged. We work closely with you to fine-tune your financial strategy, helping ensure that it aligns with your evolving needs and aspirations.
· Review Past Performance on Investments
A key aspect of our meetings involves a deep dive into the performance of your investment portfolio. We provide you with a comprehensive analysis, comparing your portfolio's performance against benchmark indices and your stated financial objectives. This review empowers you to track your progress and make informed decisions about your investments.
· Discuss Current and Expected Economic Conditions
Understanding the economic landscape is crucial for making informed financial decisions. During our meetings, our team provides insights into current economic conditions, global market trends, and potential impacts on your investment portfolio. We also share our outlook for the future, helping you stay ahead of any necessary adjustments to your investment strategy.
· Roth Conversions
For clients considering Roth conversions, we discuss the potential tax benefits and implications. Our goal is to help you make informed decisions about when and how to convert traditional retirement accounts to Roth IRAs to optimize your financial situation.
· Lump Sum vs. Income Stream
Choosing between a lump sum distribution and an income stream in retirement can be a pivotal decision. We help you evaluate the pros and cons of each option based on your retirement goals and risk tolerance, ensuring that you choose the path that aligns best with your financial objectives.
· Insurance Planning
Protecting your financial well-being is paramount. We discuss with you your existing insurance coverage, including life, disability, and long-term care insurance, and make suggestions for adjustments if needed to help provide optimal protection for you and your family.
· Social Security Planning
We offer professional guidance on maximizing your Social Security benefits, tailoring our advice to your unique circumstances. You'll gain insights into when to start claiming Social Security to help maximize your lifetime income.
· Additional Financial Considerations
Our strategy and review meetings also address any other financial topics or concerns you may have, such as estate planning, tax planning, and charitable giving. We're here to provide comprehensive guidance tailored to your specific needs.
Trusted Advisors & Associate Who Care
In today's fast-paced world, finding financial advisors who care about your financial well-being can be a daunting task. With so many options available, it's easy to feel lost in a sea of impersonal, automated services. However, there are firms out there that prioritize the human element in finance, offering personalized solutions and lasting relationships. At MDT Financial Advisors, we believe in being your trusted advisors and associates who genuinely care about your financial journey.
· A Personal Approach
At our core, we understand that your financial goals are unique, and there's no one-size-fits-all solution when it comes to managing your wealth. That's why we are committed to providing you with a personal, tailored plan designed to help you pursue your investment goals effectively. We believe that your hard-earned money deserves individualized attention and a strategy that aligns with your specific needs and aspirations.
· Building Meaningful Relationships
In the world of finance, relationships matter. We are not just your financial advisors; we are your partners on this journey. We believe in building lasting, meaningful, and open relationships with our clients. Trust is the foundation of our practice, and it is something we work diligently to earn and maintain.
· Not a 1-800 Number
We understand the frustration that can come from dealing with automated systems and distant call centers. That's why we are committed to being there for you, personally. When you have questions or need guidance, you won't find yourself navigating a maze of automated menus or waiting on hold with a 1-800 number. We are just a phone call, email or text message through Hearsay away, ready to provide you with the support and attention you deserve.
· Touch Base Calls
Our commitment to maintaining a strong client-advisor relationship doesn't stop once you've invested with us. We believe in "touch base" calls, where we check in with you to discuss your financial progress, any changes in your life or goals, and to answer any questions you may have. These calls are not just about numbers; they are about understanding your needs and ensuring that your financial strategy continues to align with your aspirations.
· Confidence in Your Financial Future
We recognize that making financial decisions can be intimidating, but you shouldn't have to face them alone. With our team of trusted advisors and associates who genuinely care, you can feel confident in your investment choices. We are here to provide guidance, offer solutions, and help you navigate the complex world of finance, so you can secure your financial future.
In conclusion, finding financial advisors who prioritize personal relationships and truly care about your financial well-being is essential in today's world. At MDT Financial Advisors, we are committed to being your trusted advisors and associates who are there for you every step of the way. With a personal approach, meaningful relationships, and a dedication to being available whenever you need us, we aim to help you pursue your financial goals with confidence. Your financial future matters to us because you matter to us. If MDT Financial Advisors sounds like the place for you please don’t hesitate to reach out to us. We look forward to talking with you. Thank you and have a great day.