Working With a Wealth Advisor to Build a Financial Plan

Learn how Regions Wealth Planning can help you prepare for 2020 and the years ahead.

by Bill Scofield, Senior Wealth Planner

Bill Scoffield

Bill Scofield, Director
Regions Wealth Planning Group

They say the best offense is a good defense. During a time of unprecedented economic uncertainty and market volatility caused by the spread of COVID-19, geopolitical issues around the globe and the upcoming presidential election, it’s more important than ever to get started on or revisit your financial plan.

This is an opportunity for you to take stock of your plan. , your income needs, and your current risk tolerance. Working closely with you, the Regions Wealth Strategy and Planning team can help you identify and prioritize your personal and financial goals — factoring in everything from your retirement and investing goals to your estate and business planning to your child’s or grandchild’s education funding. We find out what’s important to you and create an action plan with specific steps to meet your objectives.

During turbulent times like these, a Wealth Advisor can also provide much-needed perspective. Working with an advisor who can help navigate the new economic environment can help ensure you stay on-track and remain strategic.

Total View

We begin with a personal relationship with your Wealth Advisor — the foundation of every successful team. First, we get a full picture of your financial situation, including your investments and accounts, insurance policies and any key legal documents.

Next, we guide you through a thoughtful process that identifies the goals that inspire and motivate you — and the fears that keep you up at night. What do you want your money to do for you in the future? What kind of legacy do you wish to leave for your children and grandchildren? Once we’ve gathered all this data and insight, we start crunching the numbers.

In real-time, you will have the opportunity review an on-screen overview with your Wealth Advisor and engage in a wealth planning process driven by a technological experience. Overall, the process provides a clear assessment of where you are today and offers specific recommendations to help you achieve your goals. Changes can be made immediately, which make the results more relevant in today’s world.

From there, you decide which recommended actions you want to take, and we can work with your Wealth Advisor and any outside advisors, such as your attorney or accountant, to ensure a seamless process. Finally, you and your Wealth Advisor will monitor your progress, making any necessary adjustments along the way.

Reaping Results

Using this framework, you and your Wealth Advisor have a blueprint to follow that is flexible enough to absorb fluctuations in the securities markets. For example, during a market downturn, you may decide which goal is more important in the short term, whether that’s fully funding your children’s education or sticking to your retirement savings schedule.

With all of the advance planning you’ve done, you know what your priorities are and have a strategy in place to deal with these types of contingencies. This not only helps take the emotion out of investing and gives you more confidence, but you can also feel good knowing that every piece of your financial life is working in concert toward a common future.

Getting Started

Whether you’ve already started working with our team or you’ve yet to speak with us, this is an ideal time to get in touch with a Wealth Advisor and find out how Regions can help you navigate the current environment. He or she can answer all your questions and walk you through your options.

Rest assured you’re under no obligation to implement any part of the plan. At Regions, our wealth professionals adhere to a strict fiduciary duty, meaning they are committed to serving your best interests. Our goal is to help you and your family achieve your financial goals today and into the future.


Banking products and services are provided by Regions Bank. 

This information is general in nature and is provided for educational purposes only. Information provided and statements made by employees of Regions should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specific situation. Information provided and statements made by individuals who are not employees of Regions are the views, opinions, or positions of the individual who made the statement and do not necessarily reflect the policies, views, opinions, and positions of Regions. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented.