The Admired Advisor Podcast: Bringing Faith, Values, and Stewardship to Financial Planning with Nathan Fulks and Samuel Dye

Bringing Faith, Values, and Stewardship to Financial Planning with Nathan Fulks and Samuel Dye

Dec 12, 2022

When most people think about their financial future, their first thoughts are about numbers and investments. However, financial planning is about so much more than just money. It's about living with your core values and purpose and making choices and decisions that align with your goals, ethics, and beliefs.

In this episode, Steve talks with Nathan Fulks and Samuel Dye, Managing Partners and Stewardship Coaches at Family Wealth Partners. In their roles, Nathan and Samuel serve individuals, families, and business owners through comprehensive, values-based financial planning. At Family Wealth Partners, they call themselves Stewardship Coaches instead of Financial Advisors to demonstrate that the role they play goes beyond simply financial decisions.

As the second-generation owners of Family Wealth Partners, Nathan and Samuel talk with Steve about their team structure and how important it is for the founding partner to bring and help them pass the trust of the clients and the entire team. As young advisors, they also speak about why they call themselves stewardship coaches instead of financial advisors and the importance of finding your style in engaging clients and resisting the temptation of trying to be like someone else.

Key Takeaways

[01:29] - What Family Wealth Partners looks like.
[03:33] - What brought Samuel and Nathan to Family Wealth Partners.
[05:41] - How Samuel and Nathan have helped Family Wealth Partners grow.
[07:52] - Why Samuel and Nathan call themselves stewardship coaches.
[11:04] - Samuel and Nathan's discovery process for getting to know their clients.
[16:06] - How Samuel and Nathan gain clients' trust to communicate openly.
[21:14] - Samuel and Nathan's most common conversations with clients.
[24:29] - The challenges Nathan and Samuel face at the beginning of their careers.
[30:58] - What Nathan and Samuel consider most important in client relationships.
[37:33] - How Nathan and Samuel balance their roles as business owners and stewardship coaches.
[40:24] - How Nathan and Samuel invest in their personal development.

Quotes

[17:12] - "Every stewardship coach can put their spin on things, and it's based on their personality. It came down to building up the level of confidence we needed through the experience we were able to sit through and then figure out how to make it our own." ~ Samuel Dye

[20:49] - "Trust is hard to build. So the more involved you are from square one with a client, the better the relationship will be." ~ Nathan Fulks

[21:40] - "One thing that people have a challenge with when they think of transitioning from working and creating a paycheck to the next season of their life is how they recreate income and being thoughtful around their legacy." ~ Samuel Dye

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Disclosure

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based upon third party data which may become outdated or otherwise superseded without notice. Third party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Some analysis presented is based off current economic information and may become outdated or irrelevant without notice. Individuals should speak with their qualified financial professional based on his or her unique circumstances. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this podcast. © 2022 Buckingham Wealth Partners, LLC. Buckingham Strategic Wealth, LLC and Buckingham Strategic Partners, LLC (collectively, Buckingham Wealth Partners)