The Behind the Advice series explores the personal financial journeys of advisors and how their early experiences influence the guidance they provide clients.
The Behind the Advice series asks advisors about their relationship with money growing up and how their experiences influence the advice they give clients today.Advisors are expected to offer objective financial advice to their clients, but even the most dispassionate money managers bring a piece of themselves into client meetings – and that’s a good thing.
Globe Advisor’s ongoing Behind the Advice series asks advisors about their relationship with money growing up and how their experiences influence the advice they give clients today.Jackie Porter, certified financial planner at Carte Wealth Management in Mississauga, studied psychology but hit a wall during her fourth-year practicum, when she learned to listen to people as a therapist but couldn’t give advice. “I loved it but realized that people kept telling me the same thing over and over again,” she says. “I wanted to give them advice so badly, but I couldn’t. I realized that being a therapist wasn’t for me.” In the first episode of the Behind the Advice podcast, she speaks about being raised by a single mom who passed away when she was 16 and the job loss that led her to a career in financial services.In his 20s, as a member of the New York Mets organization, the team kept asking Ross Ferrier if he was okay because he wasn’t depositing his cheques. “I didn’t need the money; my housing and food were paid for,” says Mr. Ferrier, a branch manager and portfolio manager with Commerce Valley Financial Group at CIBC Wood Gundy in Thornhill, Ont. “Given my upbringing, I wasn’t used to buying many extra things.” He has an Omaha Royals jersey signed by Warren Buffett, who gave him some advice about baseball and investing. How this advisor went from being a broke, single mom to a successful entrepreneur and financial planner For Julia Chung, financial savvy and independence were important from a young ag
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