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Does Someone You Know Need Our Help?

By Clark Penney

March 2018

 Cypress Wealth Services

You don’t have to be neck-deep in the financial field to know that the markets have been a roller coaster recently. We’ve had record highs but also record declines. Whether we witness continued growth or increased volatility, it’s important to remember two things: First, markets can shift quickly, so it’s imperative to have safeguards in place to help protect your savings from inevitable future downturns. Second, as you near retirement and enter the Second Growth phase, it’s time to reevaluate your strategy to make sure your financial plan lines up with the shift in priorities this new season of life brings.

If you haven’t addressed these two points, a financial second opinion could make a world of difference. Does this sound like you or anyone you know?

A Financial Check-Up

You can think of a second opinion as a financial check-up, similar to an annual physical or eye exam you’d get from your doctor. When we meet with your friend or family member, we’ll take the time to get to know them and become familiar with their unique financial situation. We’ll ask them to outline their financial goals and review their current plan, 401(k), investment portfolio, insurance policies, and more. This helps us understand their financial dendrochronology and start customizing a plan that will take them where they want to be.

We’ll also answer any questions they may have about the market, strategies, or basic financial tips and principles. Then, we’ll combine all their concerns, ideas, and dreams with their current plan to see if everything lines up.

The Benefits of a Financial Check-Up

Once we have the big picture of their finances, we can work together to evaluate and adjust. If we think everything continues to be well suited to their long-term goals despite market turmoil or personal life changes, we’ll gladly tell them so and send them on their way.

If on the other hand, we think their plan no longer fits their goals or planning gaps exist, we’ll explain why without resorting to complicated jargon. And, if they’d like, we’ll recommend some alternatives. It may be that minor adjustments are needed based on their age, current economic woes, or a change in priorities and plans.

It never hurts to have a professional take a second look at their financial plan to ensure that it is up-to-date, still applicable to all aspects of their life, and is designed to achieve their long-term dreams. Regardless of the outcome of our second look, I hope they will have full confidence in us, their decisions, and their financial plan.

Do You Know Someone Who Needs This?

We’re proud to say that many of our clients are referrals other clients have made. Over the years, we’ve built strong and long-lasting relationships with clients who not only trust us to manage their money, but also trust us enough to refer their loved ones to us. We like to serve as more than just an advisor; we also aim to be an objective guide, a shoulder to lean on, a financial teacher, a business consultant, and a professional people can rely on for honest advice. The highest compliment you can give us is to let someone else know about your exceptional experience working with Cypress Wealth Services.

You work hard for your money and want to make the wisest financial choices so you can invest your time and energy in the people around you and the experiences you enjoy. We understand this and respect your values greatly. You want the best for your financial life, and we want the best for you. 

If you know someone who would benefit from a financial second opinion, send them our way and let us help them evaluate where they are now, determine where they would like to go, and address any gaps that may be apparent. Or, if you think you yourself would gain from a financial check-up, contact one of our offices today.


About Cypress Wealth Services

Cypress Wealth Services, an independent RIA firm providing financial planning and investment management to high net worth individuals, families, business owners, and institutions. CWS is comprised of professionals with diverse backgrounds and extensive experience and qualifications. CWS is uniquely qualified to serve a broad range of client needs. Their experience and expertise act as a foundation for their client service process, The Second Growth, which focuses on efficiently protecting, growing, and transferring to their loved ones the wealth and legacy a person has already built. With offices in Palm Desert and Anchorage, the firm serves clients across the country. Learn more by visiting