Today, we sit down with David Strege to explore how he and his partner successfully transitioned their firm to thrive beyond their tenure. David delves into the importance of letting go, serving others, and engaging in industry organizations. His insights offer invaluable takeaways for purpose-focused advisors at every career stage.

In this episode, Rob, Phil, and David delve into:

• The importance of succession planning and determining the ideal time to start crafting your plan… it’s sooner than you think
• Using a two-advisor strategy for client meetings
• Philanthropy as part of the retirement planning conversation
• How to “practice” your retirement before you actually retire
• An insider's view of the future growth of the financial planning industry
• Fostering increased public trust and confidence in financial professionals

Key Takeaways:

• Build your firm from the beginning with the end in mind. Understand what you want your firm to accomplish and work towards that every step of the way.
• You will get out of industry associations what you put into them.
• You should understand your client’s estate plan in order to appropriately compile a comprehensive financial plan.
• Part of wisdom comes from making decisions, letting go, and seeing how those decisions play out.
• Know what you’re going to do in retirement before you retire. You need to know what your purpose will be and what makes you come alive.

“We spend a lot of time on philanthropic giving, because life's not about things. You try to satisfy your soul or your personality with things, but it's really when you find using your gifts to serve others, that's when you come alive.” – David Strege

About David Strege: David Strege serves clients as a Senior CERTIFIED FINANCIAL PLANNER™ practitioner at Syverson Strege in West Des Moines, Iowa.

David earned a degree in finance from Drake University. He earned his CFP® certification in 1982 and in 2008 served as Chairman of the Board of Directors for the CFP Board. In 1987, he received the Chartered Financial Analyst® certification and earned the Certified Kingdom Advisor® designation in 2017.

He has also served on the National Boards of the Financial Planning Association and of the National Endowment for Financial Education® (NEFE®), serving as Chairman in 2018.

David still competes nationally and internationally in Men’s indoor volleyball.

Connect with David Strege:

Website: https://www.onlyworkforyou.com/

LinkedIn: https://www.linkedin.com/in/david-strege-planner/

Episode References:

• The Truest Fan Mastermind

Connect with Rob Brown & Phil Calandra:

Website: http://truestfan.com/

Facebook: https://www.facebook.com/truestfan

LinkedIn: https://www.linkedin.com/in/truestfan/

YouTube: https://www.youtube.com/@truestfancoaching

LinkedIn Group: https://www.linkedin.com/groups/8496989/

Facebook Group: https://www.facebook.com/groups/truestfan