In this episode of Top 3, CEO and founder of the O'Connor Group, Marcia O'Connor, interviews Ian Meierdiercks, founder of IM Wealth Partners.
She starts by asking Meierdiercks about his entrepreneurial background, to which he explains that his family has a history of entrepreneurship. His grandfather started a marina that eventually became a Viking Yachts dealer, and his mother's mother started her own business altering dresses, which eventually led to her owning a franchise.
Meierdiercks started IM Wealth Partners in 2003 after deciding to pivot away from his engineering career. The firm focuses on financial planning and wealth management for entrepreneurs, a group that Meierdiercks knows well. He explains that many entrepreneurs believe they are taking care of their finances when they are not, which is why his firm focuses on educating them and helping them make informed decisions.
Marcia then asks Meierdiercks about his approach to financial planning, to which he responds that it is important to understand the client's goals and objectives. He emphasizes the importance of communication and building trust with clients, so they are comfortable sharing their goals and aspirations. Meierdiercks believes that the financial planning process is ongoing and that it is essential to regularly review and adjust plans to ensure they align with clients' changing goals.
The interview concludes with Meierdiercks providing advice to entrepreneurs about managing their finances. He stresses the importance of planning early and often and recommends seeking the guidance of a financial professional. Meierdiercks also encourages entrepreneurs to take advantage of tax-deferred savings opportunities and to develop a plan for retirement.
In summary, Ian Meierdiercks's story is an excellent example of how entrepreneurship can be in your blood. His experience founding IM Wealth Partners shows that financial planning is critical for entrepreneurs, and working with a trusted financial professional can help them achieve their goals. By focusing on education and communication, Meierdiercks helps his clients make informed decisions about their finances and achieve their aspirations.
