Rick Hoy is founder and financial advisor with FinPoint Wealth Management in La Plata, MD. Rick has over 20 years of financial services experience with large and small institutions helping people pursue their personal financial goals. His work revolves around the personal information and quantified goals of his clients; explaining different solutions, each with varying risk/reward characteristics; putting strategies to work; and monitoring performance and the changes in his clients’ lives, as well as the dynamic changes in the investment and insurance marketplaces. Rick works with business owners regarding managing cash flow, risk management, retirement planning, and exit strategies. He also works with families in finding solutions to their investment, retirement planning, insurance, college savings, and estate planning needs. Through the years one thing has remained constant; it all starts with a conversation.
In 1994 Rick began his career in financial services and investments (holding a Bachelor of Science degree in Business Management from Radford University) and he earned his Accredited Asset Management Specialist certification with the College for Financial Planning shortly thereafter. He has learned, and more importantly believes, that everyone is different when it comes to helping people make their personal financial decisions. “While it may appear initially that many clients are alike, in fact it is rare when people decide, learn, react, and communicate in similar ways when it comes to financial issues and concerns related to their personal financial matters. Some clients know exactly what they want – get out of their way…some want help in understanding the basics. I have many clients who are more visual in how they absorb information and make decisions, others who prefer spreadsheets, and even others who want me to make their decisions…which I won’t do. My job is to help them make their decisions, not make their decisions for them.”
Rick is married, has 1 daughter, and has resided in La Plata, MD since 1998 and southern Maryland since 1991. He has, in the past, been on the board of the Kiwanis Club of La Plata and on the board of Christ Church Day School and was a soccer coach in the LPYSA soccer association for over 5 years. In addition, Rick enjoys golf, travelling, and finding interesting antiques and restaurants…particularly in his family’s adopted city of Charleston, SC…where his daughter attends college.
My objective as your Wealthcare advisor is to inspire and guide you toward pursuing the life of your dreams. I will help you explore your highest aspirations and imagine the life you may have never thought possible before. And together, we’ll create your personal “Financial Strategies” plan.
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Client Relationship Summary.
Established in 1999, Wealthcare Capital Management (Wealthcare) is a very different kind of a financial advisory firm. We pioneered a new way of providing financial life guidance, using Goals-Based Wealth Management. The cornerstone of our patented goals-based investing process is quite simply to help our clients, above all else, to make the most of their life.
We accomplish this by helping you understand and identify your most important life goals. And then we align your investments with those goals. Our process guides you through the myriad of changes in your life that will invariably require financial decisions. This is what we refer to as Financial Guidance for Life.
At Wealthcare, we measure our success in our clients’ fulfillment — one client at a time.
With our goals-driven investing approach, you will:
Wealthcare’s patented process is designed to help you reach your life goals, while minimizing unnecessary investment risk or needlessly sacrificing your life now.
Our process is dynamic and continual, as is life, and it will guide you through the entirety of your financial life.
A conversation that helps you to visualize your most important life goals
Do you like to travel? How will you pay for your children’s education? What exactly does “comfortable” retirement look like to you? You’ll cover these topics — and more — during our initial conversation.
We’ll use this conversation as a launching pad for creating your financial life plan. My objective as your Wealthcare advisor is to inspire and guide you toward pursuing the life of your dreams. I will help you define your life goals, and most importantly, will guide you toward achieving them.
But this is just a beginning. Wealthcare’s financial plan is not a “set it and forget it” tool. It’s a dynamic financial guidance system that evolves as your circumstances and financial markets change. I will continually monitor your plan against your changing life events and your investment portfolio, keeping the two in sync. Our software runs sophisticated market simulations, designed to monitor, measure and track your progress and report back to you with clarity.
You will have confidence in your financial life plan because I will be constantly performing analytics in an effort to ensure your success. At Wealthcare, we call this being in the Comfort Zone. The Comfort Zone measures the probability of reaching your financial goals. And it also alerts you if you veer off course.
This chart is for illustrative purposes only.
The Wealthcare process is YOU-driven, not market-driven. As your circumstances, goals and priorities change, I will work with you to make appropriate adjustments. Whatever life events come your way — from expanding your family to buying a vacation home — I will monitor and measure each event against its financial impact on your plan.
What if you could: Spend more. Save less. Retire earlier. Or take less investment risk?
With the Wealthcare advising process we can explore these possibilities. When your plan is inside the Comfort Zone, you can be confident you will arrive at your desired financial destination. Our singular purpose is to help you make the most of your life.
A conversation that helps you visualize your most important goals and helps your advisor create a life plan for achieving those goals.Learn More
Ready to start the conversation? Contact me at 240-270-4300 to schedule an appointment.