*Special Advertising Feature*
Founder & Principal, Director of Private Client Services Bay Point Wealth
Bill Hufnell is a Certified Public Accountant with extensive knowledge of federal income tax laws and federal estate tax laws. He is also a CERTIFIED FINANCIAL PLANNER™ practitioner, the most highly regarded designation within the financial planning industry.
Why is it so important to work with a financial planner?
We all have blind spots—and by definition, we don’t know what they are. A sophisticated wealth advisor who provides true comprehensive planning will identify these blind spots for you and provide advice.
Financial planning is both complex and complicated, particularly as you grow your wealth. Our financial advisors have attained industry-leading designations and regularly attend educational programs to improve their financial and tax planning expertise.
What issues will we discuss and how can you help me achieve my financial goals?
The most important part of financial planning is life planning. We listen to you to ensure that we understand what’s important to you regarding your values and caring for your family. From there, we can create a plan that puts you on the path to fulfilling your goals.
The planning topics covered are extensive, intertwined, and often interdependent. Deciphering and determining the optimal strategy requires care and expertise. Planning areas include estate planning, asset protection, insurance planning, succession planning, tax planning, multigenerational planning, and investment planning.
Two important factors to understand about financial planning:
- Planning is a process that must be monitored, and adjustments need to be made as circumstances change in your life.
- Planning is much more than understanding the “pie charts.”
What trends in financial planning are you seeing in 2024?
Since its inception, Bay Point Wealth has been a “fee-only” wealth management firm. We have never sold any products or received any sales commissions. We have always acted as true fiduciaries—representing our clients’ best interests.
Historically, the industry was built around advisors in sales positions who earned commissions for their compensation. A key trend is the steady transition of advisors from selling to acting as fiduciaries. While no compensation structure is perfect, the more advisors practicing as fiduciaries, the better for consumers.
Bill Hufnell; Bay Point Wealth; 582 Bellerive Road, 4D, Annapolis, MD 21409 ; 410-626-8198 | 409 Love Point Road, Stevensville, MD 21666; 410-626-8198; www.baypointwealth.com
