Pat Lyman on Building a Trusted Financial Legacy (Ep. 10)

How do financial experts kickstart their journey and the impact they leave behind?

In this episode, Brendon Murphy sits down with Patrick Lyman, President Emeritus of Compass Financial Solutions, to explore the evolution of financial planning over the past five decades. Pat shares insights from his 50-year career in the financial services industry, from starting with Prudential in 1972 to establishing Compass Financial in 2008, and his commitment to community empowerment. Their conversation dives into the importance of independence in financial advising, the transformation of life insurance products, and strategies for building guaranteed income in retirement.  Tune in to hear personal anecdotes about his beginnings in the insurance world and how he built Compass Financial Solutions.

Brendon and Patrick discuss: 

• (01:33) How Pat got into the financial services industry
• (05:03) The need for independence in offering tailored client products
• (09:40) The evolution of Compass Financial Solutions and the importance of a personalized approach
• (19:39) Essential advice for young professionals starting their financial planning
• And more

Resources:

• Your 30-Day Retirement Plan by Patrick T. Lyman
• The Path to a Stress-Free Retirement: Your blueprint for building a personal paycheck for life by Patrick T. Lyman

Connect with Brendon Murphy: 

• [phone]
• LinkedIn: Brendon Murphy
• [e-mail]
• Website: Compass Financial Solutions

Connect with Pat Lyman: 

• LinkedIn: Pat Lyman
• [e-mail]
• Website: Compass Financial Solutions

About our Guest: 

Patrick, president emeritus of Compass Financial Solutions, has over 50 years of experience in the financial industry, providing a strong foundation for his team’s guidance and service. His dedication is reflected in his certifications and memberships, including the American Society of Financial Services Professionals and the International Association of Registered Financial Consultants. In 2005, Patrick joined the Million Dollar Round Table and, in 2016, achieved Qualifying and Life member status, recognizing his commitment to ethics and excellence.

Patrick is also devoted to his community, leading YMCA workshops and supporting organizations like the Rotary Club of Upper Darby/Lansdowne and the Delaware County Police and Firefighters Organization. A member of the Honorable Order of the Kentucky Colonels, he actively contributes to philanthropic causes.