If you’ve ever tried to make sense of your finances and thought to yourself, “Wow, what a mess,” you’re not alone. A recent study by Capital One found that 58% of participants feel like their finances control their lives, rather than the other way around. (1) In this article, we’ll share our unique approach to helping our clients take control of their financial lives.

Find A Better Solution

Perhaps your current wealth strategy consists of checking your bank account balance and contributing a portion of your paycheck to a retirement account. Or maybe you have a rough idea of when you’d like to retire, but you’re not sure how to find out when you’re really ready.

If that’s the case, it’s no wonder you’re stressed. Your financial life consists of a whole lot more than your income, expenses, savings, and a rough idea of your future goals. To properly plan for the future, you need an intimate understanding of your entire financial picture.

For many people, comprehensive wealth management can be overwhelming. But from our perspective, anything less than a full understanding of your financial picture leaves you vulnerable to making costly financial mistakes. At Beacon Wealth Management, our team makes this process easy with our Wealth Strategy Portal, which results in a complete, easy-to-understand summary of all your financial information.

Our Wealth Strategy Portal Is Customizable

Any accounts you hold with us are automatically downloaded to the Portal. When you begin using the software, you’ll be able to link directly any accounts you hold outside of us such as your bank accounts, retirement accounts, credit cards, mortgage, etc. You can also enter information for any businesses and real estate investments you own.

In addition to entering current account information, we will track information about your future, including lifestyle and retirement goals, emergency fund targets, and your intentions for charitable contributions. This information allows us to see the gap between where you are today and where you would like or need to be in the future.

Our Wealth Strategy Portal Helps You Get Organized

Linking to your accounts and defining your goals is a great first step toward organizing your financial records. But our Wealth Strategy Portal allows you to organize your life to an even greater extent. In the Organizer tab, you can include contact information for all your professional advisors in a single place, this will provide you one resource to access information when you need it.

Additionally, the Wealth Vault allows you to upload, organize, and securely store important documents, including wills, trusts, insurance policies, tax returns, and financial performance reports, so you know where you stand. You’ll be able to keep your financial picture and contacts stored in one single place for easy access.

Our Wealth Strategy Portal Provides A Thorough Overview

The Wealth Strategy Portal generates the reports you need to gain a high-level, comprehensive overview of your financial picture. By entering each component of your financial life, you can then access accurate reports, such as balance sheets, 5-year cash flow statements, asset allocation summaries, and insurance coverage summaries. This summary is automatically updated on a daily basis, so you can access your financial picture any time you want.

The summary of your financial life is perhaps the greatest benefit of the Wealth Strategy Portal. Knowing where you stand in terms of your savings goals, investment returns, and the items on your to-do list (to name a few) ensures that both you and your surviving heirs will gain a deep understanding of your financial life to make sound, integrated decisions.

Our Wealth Strategy Portal Tracks Your Progress

The reports feature also allows you to track the growth in your accounts and your progress toward your retirement objectives. It’s this information that gives you the tools to make smart financial decisions that move you toward your goals.

These reports also help you know when it’s time to update your plan and implement changes where needed. If you’re not seeing the progress you want, you can make adjustments to your plan any time you want.

Take Action Today To Get Your Financial Life In Order

At Beacon Wealth Management, we understand that a simplified, yet comprehensive approach to wealth management is the key to worrying less about your finances. As such, our Wealth Strategy Portal streamlines your wealth strategy so you don’t get overwhelmed. If you’re tired of muddling through important wealth strategy issues on your own, call (304) 626-3900 or email me at jhalterman@bwmwv.com to get our help!

About John

John Halterman, best-selling author and nationally published blogger has been featured as a financial guest expert on the TV shows of self-help gurus Brian Tracy and Jack Canfield, author of Chicken Soup for the Soul. He has appeared on ABC, FOX, BRAVO, NBC, CBS, and A&E. John is the expert host of the weekly WDTV News 5 segment, “Solutions 4 Financial Independence.”

As an authority on wealth management, he has been invited by hundreds of institutions such as universities, federal agencies, professional associations, and large energy and utility corporations to be a guest speaker and educational event host. Event topics include maximizing your retirement, managing down market investment risk, how to reduce your tax burden, and transferring your family wealth in the most tax advantageous way.

John is the founder and owner of Beacon Wealth Management, specializing in helping entrepreneurs, professional practitioners, and retirees overcome the 4 major challenges facing successful families. He is a warm communicator with a passion for helping people transform their financial futures. John understands the multifaceted set of financial worries people face as they become more successful and enter the retirement red zone. He empathizes personally with each client and delivers a collaborative client experience that empowers people to reach their life goals.

With more than two decades of experience, John’s professional credentials include:

  • Certified Wealth Strategist (CWS)
  • Accredited Investment Fiduciary® (AIF®)
  • Certified Estate Planner™ (CEP®)
  • Chartered Federal Employee Benefits Consultant℠ (ChFEBC℠)
  • Professional Plan Consultant® (PPC®)
  • Registered Financial Consultant (RFC)
  • Past member of Ed Slott’s Master Elite IRA Study Group

A native of Weston, West Virginia, John served in the United States Air Force prior to becoming a Wealth Advisor. Today, he resides with his family in Bridgeport, West Virginia. He and his wife, Lisa, have been married since 2005 and have three amazing children. A family-loving man, he enjoys giving back to his community, coaching youth sports, landscaping and architectural design, WV Athletics, and is an outdoor and racquetball-playing enthusiast.


(1) https://www.capitalone.com/about/newsroom/mind-over-money-survey/

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