At Blue Point Financial we strive to help a finite number of successful individuals and families build, protect, preserve, harvest and distribute the results of their life’s work. We do this pursuant to our unique investment philosophy, carried out in the context of a comprehensive financial plan.
What CAN a comprehensive financial plan do for a family?
- If a breadwinner dies prematurely or becomes disabled, the family’s standard of living may not be critically compromised.
- The children of the family may be able to pay for the quality education for which they are suited.
- The current generation of the family may be able to retire on its own terms.
- The current generation may never become a financial burden to its children, even if extended nursing home stays are required.
- Even as retirement income rises to offset rising living costs, this generation’s capital has the potential to continue to grow over time, leaving behind meaningful legacies to the succeeding generations.
- Estate taxation won’t force the sale of a family’s important assets (home, business, etc.). This obligation can be funded out of residual capital and/or it can be insured.
Although each family is responsible for their own financial success, our mission is to provide a carefully crafted financial plan along with guidance from a competent, objective and diligent financial planner.
Our Financial Planning Process
- Designing a Financial Plan
- Progress Review
Where are you starting from? What would you do if you could?
We start by simply collecting the baseline data. This will give us a clear and shared understanding of where you are starting from. Next we begin to define specific goals for the future.
Can we get there from here?
This analysis may include many factors but usually focuses on answering a few primary questions. When and how do you want to retire? Who do you want to educate? What’s your attitude about legacies?
The Foundation and Framework of the Financial Plan
Based upon the discovery meeting we go over what we think things will cost and when. We will determine if there’s a gap between where you are and where you want to be. If there is a gap we will figure out if you have enough time and resources to close it.
Turning Ideas into Action
At this point we make the mutual decision to commit to working with each other. We will execute the documents necessary to put your plan in motion, often including the technical support of attorneys and CPAs. Implementation of a financial plan may include the opening or changing of various financial accounts. Some of the products and services we offer include: investments, brokerage accounts, insurance and annuities.
Are we still on course?
These meetings provide us an opportunity to identify changes in your situation, at least annually. As prudent as it is to keep on top of changes, we must also resist the temptation to tinker with the plan over time, just for the sake of changing it.
Striving for a successful outcome through a comprehensive financial approach.
Timothy A. O’Halloran
Tim was born and raised in Waterville, Maine and is a graduate of Waterville High School. He went on to graduate from the University of Southern Maine with a Bachelor of Science degree in Business Administration. Prior to attending USM Tim began his collegiate studies at the University of Maine at Orono. In early 1992 Tim joined the Maine Agency of National Life Insurance Company in Portland, Maine and began his career helping individuals, families and small business owners plan for financial independence. Several years later he formed Blue Point Financial to develop strategic processes to aid in financial decision making and to expand his staff and available resources. Additionally, it was through The American College that Tim completed the educational component to earn his status as a CERTIFIED FINANCIAL PLANNER™ professional in 2000.
Today, Tim and his wife, Judi, reside in Scarborough, Maine and have three beautiful daughters, and three grandsons. Tim is an active member and past president of the Scarborough Kiwanis Club. He enjoys spending time with family and friends and all things outdoors including golf, hiking, skiing and fishing.
Justin T. Beauregard
Justin joined Blue Point Financial in 2009 after completing his undergraduate degree in Business Administration from the University of Southern Maine. Prior to attending USM Justin began his studies at the University of Colorado at Boulder. Justin grew up in Falmouth, Maine and spent much of his time outside of school working for his family’s heavy equipment dealership. Today Justin lives back in Falmouth with his wife, Morgan, son, Graeme, and chocolate lab, Milly. In his spare time he enjoys golfing and exploring the waters of the Gulf of Maine.
Morgan grew up in Scarborough, Maine and joined the Blue Point Financial team in 2008 after attending The University of New Hampshire. Morgan works closely with Tim and Justin to manage the day to day office operations. Morgan is involved in the greater Portland community through her work as a member of the Junior League of Portland. She is a past board member and has served on many different committees of the Junior League of Portland. Morgan currently lives in Falmouth with her husband, Justin, and son, Graeme along with lovable chocolate lab, Milly. Morgan spends most of her free time chasing around her toddler, but finds some time to devote to her love of home decorating, fashion and traveling.
Rachel joined the Blue Point Financial team in 2019. She graduated from Hebron Academy and continued her education at Southern Maine Community College where she obtained her associates degree in Liberal Studies. Rachel works closely with Tim and Justin to manage the day to day office operations, business workflow, and client services. Rachel is a notary public and is currently studying to obtain her Financial Paraplanner Qualified Professional certification. Rachel resides with her husband, Justin, one-year-old son, Hayden, and their energetic labradoodle, Bailey, in Scarborough, Maine. She loves to spend time camping and fishing with her family and is a foodie and fashion enthusiast.