Financial advisors are uniquely positioned to help investors with their overall financial well-being. They work with their clients to set meaningful goals that go beyond just accumulating money. What are the best ways for advisors to design financial plans that reflect their clients' beliefs, values, and education?
In today’s episode, Tommy talks with Scott Highmark, President and Principal at Mosaic Family Wealth. Prior to founding the firm, Scott held leadership roles at companies such as Morgan Stanley Wealth Management and A.G. Edwards & Sons. As the President of Mosaic Family Wealth, Scott leads the firm’s strategic direction to ensure that it is able to anticipate and respond to clients' needs. He takes pride in leading a team of like-minded, like-hearted, and talented individuals.
Scott talks with Tommy about his transition from an athlete to owning a financial advisory firm, the principles behind founding Mosaic Family Wealth, and how the firm integrates faith, experience, relationships, and legacy into the clients' financial wellbeing.
Key Takeaways
[01:46] - Scott Highmark as a young man.
[04:27] - How Scott realized he wasn't just all about basketball.
[07:32] - What it's like to play against basketball legends.
[11:28] - How Scott got into financial services.
[13:30] - What led him to launch his own financial services company.
[15:01] - Broker Protocol: What it is and how it impacts advisors and company owners.
[20:09] - The principles behind the founding of Mosaic Family Wealth.
[22:16] - A few of Mosaic’s success stories.
[25:37] - How Scott integrates relationships and experiences into his clients' financial plans.
[30:46] - Scott's Bobby Knight story.
Quotes
[17:45] - "As an entrepreneur and somebody who tries to invest and spend a lot of resources to create a great experience, I understand the thought (non-compete agreement). But at the end of the day, the clients rule the day and we're here to serve them." - Scott Highmark
[21:15] - "I want to help high-capacity people pursue success, but also pursue significance and move beyond success as the world would define it and truly align their values and their wealth to what we call true significance." - Scott Highmark
[24:49]- "When you can truly align your relationships, your legacy, your experiences, and your finances, that's true significance." - Scott Highmark
Links
Scott Highmark on LinkedIn
Mosaic Family Wealth
Mosaic Family Wealth Email
Outliers: The Story of Success by Malcolm Gladwell
Saint Louis Billikens
Tim Duncan
Bobby Knight
Damon Bailey
G League Ignite
Coach K
Benjamin F. Edwards
Tad Edwards
Halftime: Moving from Success to Significance by Bob Buford
Connect with our hosts
Mammoth
Tommy on LinkedIn
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