For many individuals and families, planning for the future can feel overwhelming. From managing investments to preparing for retirement, the financial landscape is full of complexities. That’s where experienced financial advisors like Steve Meier at Innovative Financial Solutions can step in, guiding clients through the ever-changing world of financial planning.
With over two decades in the industry, Meier has built a reputation for helping clients achieve long-term financial security. Partnering with Commonwealth Financial Network, his firm manages over $1 billion in assets across four offices in Indiana and Florida. Recently recognized by Forbes as one of Indiana’s top wealth management firms, his team is dedicated to helping families and businesses make informed financial decisions.
“This is easily the best company I’ve ever worked with,” Meier says. “They are really good at what they do, and the level of support they provide to our team and clients is unmatched.”
What sets his firm apart is its multigenerational approach. Many clients first come in as they near retirement, seeking guidance on whether their savings will sustain their lifestyle. However, the relationships evolve over time, often extending to their elderly parents and adult children.
“I’ve been in the business long enough now that we’re working with third, and even fourth, generations in some families,” Meier says. “We start with retirement planning, but soon we’re advising their parents on estate planning and helping their children with wealth accumulation.”
Financial planning looks different for every client, but the firm’s process remains the same: assess needs, set goals and create a strategy. For elderly clients in their 70s and 80s, the primary focus is preserving assets, covering medical costs and ensuring long-term care needs are met. Many are unaware of benefits they may be entitled to, such as military veteran support or Medicare strategies that can ease financial burdens.
For professionals in their 40s and 50s, the strategy shifts to wealth accumulation, tax-efficient investing and estate planning. The firm ensures clients not only grow their assets, but also protect them for future generations.
“When someone passes without proper estate planning, it can cost tens of thousands of dollars and take years to resolve,” Meier says. “Having the right documents in place is crucial to avoid unnecessary legal battles.”
Beyond working with families, the firm also assists small-business owners in structuring retirement plans for themselves and their employees. Many entrepreneurs underestimate the tax benefits and savings potential of the right retirement plan, and Meier’s team helps them maximize their contributions while staying compliant with regulations.
“We don’t actively seek business clients, but many come to us through referrals,” Meier says. “A well-structured retirement plan benefits both the business owner and their employees.”
In the age of online investing and do-it-yourself financial planning, many individuals believe they can manage their finances alone. But as Meier says, most people don’t know what they don’t know.
“You might think you’re addressing all your financial needs, but without expert guidance, you could be missing key tax strategies, investment opportunities or ways to protect your assets,” Meier says. “A good financial advisor helps uncover risks and ensures your wealth works for you – not against you.”
Whether you’re nearing retirement, managing a business or simply want to ensure your financial future is secure, working with a trusted advisor can make all the difference.
“Anyone considering working with a financial planner should at least schedule a visit,” Meier says. “It’s worth seeing if expert guidance can improve your financial strategy.”
Visit ioms.com/team/steven-meier to learn more about Innovative Financial Solutions and how they can help you navigate your financial future.
