Wealth Management and the Importance of Alignment

In this episode, Steve talks with Jared Siegel, Partner at Delap Wealth Advisory in Lake Oswego, Oregon.

With a background in financial literacy, Jared began working at Delap primarily in business development before he was promoted to Partner and eventually tasked with creating a wealth advisory practice from within.

Jared credits the firm’s successful expansion with a company-wide alignment on culture, objectives, and metrics. He stresses the importance of moving forward as a united front rather than individually. Jared also leans on evidence-based investment and the principles of essentialism.

Jared and Steve talk about the risks associated with adding wealth advisory, the importance of character and competence when it comes to success, and learning to stay present outside the office.

“By defining what we do, it helps us clarify what we don’t do, and a lot of the time strategy is a lot more about what you say no to than what you say yes to.” ~ Jared Siegel

Main Takeaways

  • Misalignment will disrupt an organization and prevent the ROA from reaching its full potential.
  • Organizing teams around specific sub-industries allows the firm to have a collective range which thereby increases client impact. Always look for opportunities to improve your portfolio.
  • Planning works best moving backward while execution works best moving forward.
  • It’s important to have a dedicated champion when you’re creating a wealth advisory practice from within.
  • Being intentional with your time is as important as being intentional with your money.

Links and Important Mentions

Subscribe and Stay in Touch

The contents of any report published herein are for informational and educational purposes only. The articles are not to be construed as investment, tax, financial, accounting, or legal advice. Individuals should seek independent advice from a tax professional based on his or her individual circumstances.

The analysis contained in any publication published or otherwise disseminated by Buckingham Strategic Partners (BSP) on this site is based on the data available at the time of publication which may become outdated or otherwise superseded at any time without notice, and the opinions of BSP. Certain information contained therein is based upon third-party sources, which BSP believes to be reliable, but is not guaranteed for accuracy or completeness. Neither the SEC nor any other federal or state agency or non-U.S. commission has confirmed the accuracy or determined the adequacy of information published or disseminated by BSP. Any publication or dissemination of information to the contrary is unlawful. Each reader acknowledges the contents published or otherwise disseminated by BSP is the sole property of BSP and any reproduction or distribution of such information, in whole or in part, other than for its intended purpose with credit provided to BSP, is prohibited. BSP reserves the right to remove, alter, edit, or adapt any third-party content published, contributed, or subject to applicable law.

By clicking on any of the links within the articles on this site you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations whatsoever by us regarding third-party Web sites. We are not responsible for the content, availability or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them.