Ep 8 - From Childhood Poverty to Wealth Management Industry Pioneer

Do you want to unlock the secrets to financial success and navigate the complexities of wealth management?

This episode will give you the expert insights you need. Jonathan speaks with Shirl Penney, founder and CEO of Dynasty Financial Partners. In this episode, they deep dive into Penney's inspiring journey from humble beginnings to becoming a successful entrepreneur. Their discussion covers the founding and growth of Dynasty Financial Partners, insights into wealth management, and the importance of philanthropy and veteran support.

 IN THIS EPISODE:

(00:00) Introduction

(02:36) Shirl Penney's Background and Early Life

(08:47) The Value of Mentorship and Building Networks

(12:06) Pursuing a career on Wall Street

(18:01) Dynasty Financial Partners Growth Trajectory: Is Dynasty Financial Partners profitable?

(25:03) Philanthropy and Community: What's it like working at Dynasty Financial Partners? 

(29:12) Penney's "Around the Track" Podcast

(33:44) Recap of the episode with Jon and Amy

KEY TAKEAWAYS:

• Overcoming adversity can fuel success. Shirl's early life challenges instilled a strong work ethic and determination to succeed in finance.
• Building a robust professional network is crucial. Shirl's proactive approach to seeking mentors and opportunities paved the way for his career.
• Independent financial advice is vital. Dynasty Financial Partners champions a model that separates advice from product sales, democratizing access to quality financial guidance.
• Philanthropy enriches lives. Supporting veterans and empowering others to achieve their dreams is a core value shared by both Blau and Penney.

RESOURCE LINKS 

Fusion Family Wealth - Website

Johathan Blau - LinkedIn

Dynasty Financial Partners - Website 

Shirl Penney’s - LinkedIn

Shirl’s Podcast - Around the Track 

GUEST BIOGRAPHY: 

Shirl Penney is the founder, CEO, and member of the Board of Directors of Dynasty Financial Partners, one of the leading advocates and platforms for independent wealth advisor firms. Since its launch in 2010, Dynasty has grown to nearly $100B under management.

Shirl is from Eastport, Maine, and graduated from Bates College. He and his family live in St. Petersburg where they are active in numerous charitable causes focused on education, poverty, ALS, and veteran services. He is a Fellow of the inaugural class of the Finance Leaders Fellowship, a member of the Aspen Global Leadership Network, and a member of the Young President’s Organization of Florida.

Please click below for important disclosure information.

https://www.fusionfamilywealth.com/disclosures

ABOUT THE HOST: Jonathan is the President and CEO of Fusion Family Wealth, founded in 2013 to focus on behavioral finance and guide clients toward rational financial decisions. A sought-after speaker in wealth management, Jonathan previously held senior roles in tax and estate planning at Arthur Andersen. He has a BS in Finance, an MS in Taxation, and an MBA in Accounting. Based in Long Island, Jonathan is active in the local business community, supports causes like the Middle Market Alliance and Sunrise Day Camp, and enjoys boating with his...