"If you truly are diversified, that means something is underperforming (in the short-term).”
Today’s Pivot conversation is with wealth manager Kathryn Brown, whose mission is changing families’ traditional relationship with money to foster a healthy relationship between money and life for the families she serves.
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Check out full show notes from this episode with links to resources mentioned at http://www.pivotmethod.com/211
More about Kathryn Brown
After 15 years of climbing the ladder at a regional financial firm, Katie Brown felt challenged to turn the traditional product model on its head. In 2018, Katie and her partner launched Morton Brown Family Wealth, an RIA firm with the vision to create a community of clients and professionals leading purposeful lives through the stewardship of wealth. Seeing a need for something different in the financial advisor space, the firm's mission is predicated upon leading clients through a collaborative planning and investment process that seeks to build a confident future.
After a shocking breast cancer diagnosis just six months prior to launching the firm, Katie relied heavily on the community around her to successfully start her business, beat cancer, and fulfill a lifelong dream of running the Boston Marathon in April of 2018. Two years later, Katie and her partner are leading a growing firm with $140 million in assets under management. Katie continues to serve her community as a leader on non- profit boards and is a mentor with the Certified Financial Planner Board of Standards to inspire young women to seek out roles in the field of financial planning.
Topics Covered
Turned off by Wall Street jargon and the daily “drama” of the markets, Katie works to foster a healthy relationship between money and life for the families she serves.
Coronavirus: recognize what we can and cannot control (serenity prayer)
Number path vs. feeling path
Where are your levers?
Two types of advisors out there
Her breast cancer diagnosis just six months prior to launching the firm
How helping clients plan for and through an uncertain financial future
How can you invest in yourself during this time? Grow intellectually, increase your skills
Setting financial goals (What did I learn last year? What am I proud of? What would I have done differently? What adjustments can I make?)
After 20 years in the business, the biggest blind spots clients have
Sometimes the best thing to do is not do anything at all; have the patience to let a strategy work
If you truly are diversified, that means something is underperforming (in the short-term)
Framework for charitable giving (impulse giving, annual giving, impact giving)
Resources Mentioned
Podcast: Leading with Purpose
Related Pivot Podcasts: Pivoting Around a Pandemic Series
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