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Achieving Financial Wellness

By Dan R. Goddard

A full-service, locally owned, financial services company, Symmetry Financial Solutions takes a comprehensive approach to helping individuals, families and businesses prepare for their financial future. Symmetry’s services include financial planning, investment advisory, estate planning, generational transfers, business succession planning, risk management, 401(k) plans and trust services.

“A holistic evaluation and planning exercise is necessary to connect the dots,” says Larry Wynn of Symmetry’s Boerne branch. “Depending on what stage of life we are in, the dots may be fewer or far between. We try to help every client achieve financial wellness no matter what life stage they are at, but the planning process still should be updated as life stage changes occur.”

Wynn joined Symmetry in February 2013 after 10 years as an advisor with New England Securities. With an MBA in Economics from Texas Tech University, Wynn had a successful 29-year career in the telecommunications industry before becoming a financial advisor. He established the Boerne branch of Symmetry seven years ago and has been a long-time resident of Cordillera Ranch along with his wife, Barbara.

Wynn’s goal is to provide families and business owners with financial advice based on a thorough analysis of their unique goals and timetables. He strives to become a lifetime resource for each client by developing simplified wealth management strategies. “A total financial planning perspective is important because we all — me-included — tend to focus on silos or buckets of financial issues:  investments, estate planning, wealth transfer, business succession,” Wynn says. “For most of us, all of these are components of the ‘big picture’ — where do we want to be ‘when’ and how do we leave the legacy we want.” 

Symmetry and Wynn offer a strategic financial planning platform which identifies a client’s financial goals using a detailed process of reviewing current liabilities, financial holdings, cash flow, etc. It identifies existing protection gaps and possible solutions as well as making recommendations to help one work toward accomplishing broad and long-term goals. “We use e-Money, a robust financial planning platform that is an asset aggregation tool for the client and financial planning tool for the advisor,” Wynn says. With this, the client has his/her own website where vital financial data — even from multiple or external financial institutions — is securely stored and easily accessible.

Symmetry’s Investment Advisor platform is separate from the financial planning platform. It is a “fee-based” approach. Fee-based is typically an “account level all-in model,” meaning the costs for specific and individual account advice, transaction costs, financial reporting and custodial fees are all included in a single account fee — a simpler model that’s more transparent for the client. Advisor fees reflect the amount of the assets and their continued growth, and should be completely disclosed and understood by the client. “These platforms provide options for ‘advisor directed’ and/or turn-key asset allocation account types depending on client preferences. Stocks, bonds, Exchange Trades Funds (ETFs) and mutual funds are available on most platforms and options are accessible on some,” says Wynn. Client reports are accessible on multiple platforms — some standard and others customizable by the client and/or advisor. 

With respect to measuring performance, Wynn says, “There’s a boatload of investment benchmarks that we could use, but we typically model the client’s allocation based on their overall long-term objective and risk profile and then construct a ‘best fit’ index that closely matches their allocation/portfolio. Over various time periods, we measure the portfolio performance against that ‘best-fit’ index taking volatility/risk into consideration rather than just total return.”  

“Many successful business owners and entrepreneurs live in Cordillera, but sometimes the constant pressure of running the business forces strategic financial planning to take a back seat,” Wynn says. “Whether it’s a family-owned enterprise or otherwise, we can help with developing a succession plan, exit strategies for transferring the business, buy/sell agreements, family ownership and involvement, business transfer options and bequests, to mention a few obvious issues.” Strategic financial planning should involve the business owners’ advisors including CPA, attorney, financial and others as appropriate to act as a supporting team.  

“We have a team of professionals at both the firm and national levels to support our efforts,” Wynn says. “It’s very unlikely any one advisor can be a subject matter expert on all financial services subsets. With access to expertise in all practice areas, we draw on appropriate resources as required to address clients’ needs.”

Symmetry Financial Solutions
larry.wynn@symmetrytx.com
830.331.8750  ::  www.symmetryfinancialsolutions.com

Separate from the financial plan and our role as financial planner, we may recommend the purchase of specific investment or insurance products or accounts.  These product recommendations are not part of the financial plan and you are under no obligation to follow them.

Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.

Larry Wynn is a Registered Representative and Investment Advisor Representative with Securian Financial Services, Inc.  Securities and investment advisor services offered through Securian Financial Services, Inc.  Member FINRA/SIPC.  Symmetry is independently owned and operated. 2871504, 12/2019