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May 20, 2021 56 min

Today’s episode of In The Suite with Penny Phillips is all about being your authentic self. Since her Twitter bio says it best, Penny is President and Co-Founder of Journey Strategic Wealth; she’s an industry consultant and speaker who emphasizes real talk to combat all the b.s. in this industry. As a lifelong New Yorker and Greek-American, Penny is the perfect example of the enchanting melting pot of the United States.

She is President and Co-Founder at Journey Strategic Wealth, an RIA for advisors seeking independence and full fledged practice management support. Penny is Founder of Thrivos Consulting and has been a board Board Member of the Macaulay Honors College Foundation Board since 2019. Before Thrivos, she spent nearly 6 years at New York Life as Corporate Vice President in the practice management division and she also worked at Envestnet.

If this year has taught us anything, it’s that we need continuous support to run our businesses. Penny has been in the practice management space for a long time. She has seen the struggles and the challenges that can evolve advisors from a modern perspective. 

 In this podcast episode, Penny shares the importance of embracing her heritage, how to be your authentic self, and her keys to being fierce within the industry. She also shares how she is assisting others within the industry through her educational weekly discussions on her YouTube Series Practice Management with Penny, Videos on LinkedIn and Twitter.

Join the conversation to hear about:

  • Welcome Penny to In the Suite! (01:55)
  • Reframing what practice management means in the RIA space (05:20)
  • How to attract, retain, develop, and mentor talent (08:15)
  • Why social media is vital for advisors and business (11:30)
  • How to evolve your way of thinking (17:00)
  • Penny’s Greek upbringing (21:05)
  • Why Penny launched Thrivos Consulting (23:30)
  • Building a network and coaching roster in a modern world (26:00)
  • Penny’s tip for leaders navigating a virtual workforce (30:20)
  • What events Penny is looking forward to this year (37:50)
  • Why you need to start a YouTube series (40:20)
  • How Penny knew what she wanted to study at university (45:00)
  • You don't have to have a traditional start (48:45)
  • Define success for themselves now and moving forward (51:50)
  • What's your best recommendation for 2021? (55:00)
  • Referenced Materials

  • Penny Phillips - Twitter
  • Penny Phillips - YouTube Series
  • Penny Phillips - Linkedin
  • In the Suite Episode 22: How to Own Your Yes and Your Worth with Velera Wilson, Public Speaker and Author of the Book, “You’re Absolutely Worth It”
  • You’re Absolutely Worth It by Valera Wilson on Amazon
  • The Alchemist by Paul Coelho on Amazon
  • Advisor Education Overview- A series of marketing and communication workshops delivered virtually, designed for the modern advisor.
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