Julie Penwell, CFP®

Financial advisors do more than dispense advice. For many of the folks I work with, it's having someone who is: 🤝 ⏭️ Holding them accountable and pushing things forward 🔭 Providing different perspectives and things to consider ⚡ Helping make sure there are no gaps/big mistakes made 💰💰 And, of course, it doesn't hurt to have someone giving some optimizing strategies on top 😀 #financialplanning #financialadvice #financialadvisors

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Talk about a good deal!!

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Equity based compensation is more prevalent than ever. Having your financial capital and human capital concentrated in the same company adds significant risk to your financial picture, but emotions and taxes matter too... I shared some items to consider when determining how to balance this diversification dilemma in IE this week. https://lnkd.in/edwkPVHY

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Markets experienced a bit of bumpy road in April. Read more about why Thrivent Asset Management is promoting patience for both stock and bond investing in the May 2024 Market Update.

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The 3 Things They Don't Tell You About Being a Financial Advisor... When I talk to recent college graduates or new financial advisors, they often have a picture of what the advisor career path looks like. Those who have family or close friends in the industry may have already seen first-hand the amazing things that can be accomplished in this career. But for most people, like myself, we never interacted with a financial advisor until we became one ourselves. That leaves space to come up with a lot of guesstimates and ideas based on movies and preconceived notions. Some of those ideas become deterrents for many to even consider becoming a financial advisor. Historically these stereotypes are one of the multiple reasons why women are less likely to choose this career path. I wish someone explained this to me when I was starting. So here they are..... The three things they don’t tell you about being a financial advisor : ✴ It has nothing to do with numbers: A common misconception is that you must be good at math or financial equations to be a successful advisor. False. Some of the best financial advisors I have ever met came from communications or arts backgrounds. Don’t let the fear of numbers deter you from considering this career. Today, more than ever, we have programs, tools, and automated processes that will do that tedious number crunching for you. What technology can’t do is build compassionate relationships with your clients. ✴ You become an emotional confidant and family counselor: As a new advisor, one of the first things you notice is how much emotion is connected to your client’s finances. Helping someone secure their life’s savings is a big deal and they are entrusting it to you. I have had many clients share with me deeply personal issues and family troubles because you are there to help them navigate some of the most difficult transitions in their lives. Although we are not trained counselors, a big part of our role is providing emotional support and security. ✴ Exponential flexibility: I can only count on one hand the number of careers that afford you the extreme amount of flexibility you can have as a financial advisor. To be clear, when you are starting you will have to put in your hours, but when you establish your book of business the opportunities are endless. It is not unheard of for an advisor to be producing over a million dollars while only working 20 hours a week. I know advisors who take months off at a time, with a team to support them while they are away. Not to mention, you can choose which clients you want to work with and decide how often you want to meet. That allows you to spend more time with your family and have a fulfilling life outside of work. This can be one of the most rewarding careers out there. If you are considering becoming a financial advisor, feel free to reach out to me! I am always open to sharing more and having honest conversations.  

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Tracking error can be a blunt tool for assessing credit managers. Instead, focus on their excess return during periods of market stress — when plan sponsors need it the most. Important disclosures: https://bit.ly/2JzEDWl .

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Did you know that transitioning to Janney can be a smooth and rewarding process for you and your clients? Financial Advisors who joined Janney in April and May averaged 20 days to transition 75% of AUM. The advisors collectively manage over $1.6 billion in assets. Making a transition can be seamless with the help of Janney’s experienced transition team and innovative onboarding platform. Your transition is built around you and your clients, making it easy for them to join you at Janney.

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Did you know that transitioning to Janney can be a smooth and rewarding process for you and your clients? Financial Advisors who joined Janney in April and May averaged 20 days to transition 75% of AUM. The advisors collectively manage over $1.6 billion in assets. Making a transition can be seamless with the help of Janney’s experienced transition team and innovative onboarding platform. Your transition is built around you and your clients, making it easy for them to join you at Janney.

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Artificial intelligence can analyze data and automate routine tasks, but it can’t replace a nuanced understanding of individual circumstances, emotions and long-term goals. Your financial professional does what algorithms can’t.

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Artificial intelligence can analyze data and automate routine tasks, but it can’t replace a nuanced understanding of individual circumstances, emotions and long-term goals. Your financial professional does what algorithms can’t.

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