Financial Planning and Investment Management for Your Unique Situation
Financial planning and investment management for oil and gas professionals is a specialized area of practice. It requires an in-depth understanding and knowledge of the unique financial challenges facing the oil, gas and petrochemical industry.
With offices around Texas, we work with a variety of executives, engineers, and oil field service professionals and their families, especially with Halliburton, Shell, Phillips 66, and Dow*. Having clients that work in the industry, we have direct experience with your employee benefits and compensation packages. We help you simplify the complexities of your financial life, whatever your goals and career stage.
You face unique challenges when it comes to financial planning. Because of the high-earnings and reliance on the market, you need professional financial advice that can inoculate you from the volatility associated with the industry, and helps you make the most of your income, stock options and benefits. You also need help ensuring you avoid a shortfall at retirement.
As your personal CFO, we partner with you to create a personalized plan that adapts with you as your life and career advances.
A comprehensive financial plan that addresses your specific situation may include:
Applying our proprietary 3P Approach© to financial planning ensures we address all stages of an oil and gas professional’s career, from mid-career challenges to employee benefits review, through retirement and leaving a legacy for others. As your life unfolds, our 7 Pillars of Financial Success address each stage to help you secure the resources you need to enjoy a comfortable retirement. With our experience in this niche market, we help oil and gas professionals put the pieces of your financial life together, so you can spend your time focusing on what matters.
*Global Wealth Advisors is neither endorsed by nor affiliated with Halliburton, Shell, Phillips 66, and Dow.
Restricted stock units (RSUs)—a contractual right to receive company shares or an equivalent cash payment at some point in the future—are an increasingly popular form of equity award offered by companies of all shapes and sizes. Companies are shifting to RSUs because they are administratively convenient, are easy for employees to understand, and can be structured in a way that helps attract and retain key employees and drive performance. Given this growing trend, let’s take a closer look at what RSUs are and how they can work for employees.
If you’re lucky enough to hold nonqualified stock options (NQSOs), you may be wondering what they’re worth right now. Perhaps you’ve been fortunate enough to see your company’s share price increase since you received your NQSOs, but you’ve been waiting to exercise your options. Now, given the recent market downturn and volatility, you may feel as though you missed your chance to lock in maximum profits. That’s not necessarily true. But, true or not, the current market environment could present a different kind of opportunity when you exercise your NQSOs.
When it comes to our money, humans are not exactly rational investors. In fact, there are six biases that can be harmful to investors and these detrimental biases can derail our ability to make the best possible decisions about building wealth. Often, clients do not realize their decisions are being negatively affected by these cognitive biases. Because of this, they warrant a deeper look.