You’re Invited: Yeske Buie Open House in Virginia
Last week, five members of Yeske Buie’s Financial Planning Team attended and presented at the Financial Planning Association’s annual retreat. The theme of this year’s retreat was built around Advancing the Art and Science of Financial Planning through Storytelling. Yeske Buie shared stories focused on three different areas of expertise: Dave presented “How to Read and Apply Research-Based Writing”, Elissa and Yusuf presented on “The Financial Planning Resident Program”, and Dave, Lauren Grove, and Jen lead the Peer-to-Peer session titled “What We Do When We Do Financial Planning”.
While Elissa and Dave attend the retreat nearly every year, this was Yusuf’s second time at the retreat and the first time for Lauren, and Jen. As Jen reflected on her experience as a presenter, she said, “Presenting at FPA retreat was unlike anything I could’ve imagined. As someone who once forgot her name when handed a microphone, I was incredibly nervous to be standing in front of a packed room of intelligent financial planners. However, I was comforted and very thankful to have the support of Dave and Lauren. Once the presentation got rolling, the nerves disappeared and the excitement kept building.”
Lauren Grove shared Jen’s sentiments of nervousness for the presentation, stating, “While it may have been a lot of pressure to stand up in front of (and with) some of the pioneers of this profession, I was honored to share insight into how we support our Clients during retirement at Yeske Buie.” Lauren also shared her thoughts regarding Yeske Buie’s continued support of the Financial Planning Association and young planners; “Yeske Buie’s involvement with the Financial Planning Association and support of our planners’ attendance at many FPA events is vital to our advancement. We are able to network with those in the profession, learn from others and from the education sessions, and share our expertise. I am so thankful for the opportunity.”
Further emphasizing the support of growth for young planners and the profession, Yusuf described his experience as such: “Being a presenter at this year’s retreat was one of the highlights of my career to this point. Presenting on a topic that is a relatively new idea in our profession to your peers is a fulfilling experience, and we received great feedback. Sharing our experience will help other firms install programs like ours more efficiently and effectively, and it feels good to know that we’re contributing to the advancement of the profession in such a meaningful way.”
In addition to speaking, our team members attended many other intriguing sessions, learning from the stories shared by an array of well-respected financial planners. Lauren, Jen and Yusuf each identified their favorite session of the retreat and shared a summary of their insights and learning below.
“Transform Your Habits: The Science of How to Stick to Good Ones and Break Bad Ones” with James Clear
Lauren’s favorite session was one on transforming habits with James Clear. Not only was James a very engaging and entertaining presenter; the material and learning he provided was phenomenal. The biggest takeaway was that changing or building a habit can seem daunting and overwhelming if you try to do it all at once. But making very tiny changes one at a time can cause exponential change and growth over time. For example, a 1% improvement made five days a week for one year could lead to you being 10 times better at the end of that year! Another interesting tip provided by James was the idea of a keystone habit – “a behavior or routine that naturally pulls the rest of your life in order”. For James, it’s weightlifting; on days when he weightlifts, he is much more likely to make healthy food choices and go to bed early. Lauren thinks one of her keystone habits is working out in the morning – it helps her feel energized for the day and provides her with a clear mind and motivation to get things done! What is one of your keystone habits?
“The Conversation: The Altogether Necessary, Difficult, Surprising, Empowering and Profitable Conversation You MUST Have with Yourself In Order to Truly Thrive!” with Fred Mandell, PhD. EdM
“It is hard to pick a ‘favorite’ session because there were so many wonderful options and experiences”, says Jen. Having to pick just one, Jen selected the session titled “The Conversation” presented by Fred Mandell. During this three hour session, the audience was challenged with communicating their life’s Purpose through a variety of mediums: first in words, then through an object that could be cut out of cardboard paper, and lastly through their motions. Not surprisingly, in the room full of exquisite financial planners, there was a lot of love, caring and empathy for others. Lastly the group reflected on 6+ chapters of their lives, and how the Purpose everyone identified has been incorporated and molded through the journey of life. Most notably, the group shared these feelings, emotions, and reflections with other individuals sitting at the table – some of which were complete strangers! Jen felt that it was truly a beautiful experience.
“Story-Based Marketing: The Art of Being Human – Storytelling, Authenticity and Trust” with Shelley A. Lee
Yusuf and the other Yeske Buie team members at the retreat were present for Shelley’s presentation, which focused on sharing stories authentically. Shelley is the Founder and Creative Director of Ashworth-Lee Communications, a marketing firm near Atlanta, GA.
The highlight of the presentation, for Yusuf, was when Shelley challenged the audience to write a six-word memoir. The exercise is meant to force you to tell the most important parts of your story in such a way that the listener understands it while still wanting to hear more. Here are some of the most memorable ones that were shared:
“Met my wife; found my life.”
“Your life, inspired or not. Choose.”
“Dream life. Believe dreams. Live dreams.”
Shelley suggested using this exercise in our work with Clients, noting that these short stories can lead to incredibly valuable sharing and deepen connection. What would your life’s story be in six words?
Yeske Buie is pleased to share that Sabina Smailhodzic has passed the CFP® Exam. This accomplishment fulfills one of the three requirements to earn the CERTIFIED FINANCIAL PLANNERTM designation. After passing the exam, Sabina said, “I plan on celebrating by packing up my study materials! I am happy I passed and am one step closer to being a CFP® Professional.”
Sabina joined Yeske Buie in August 2014 as our first Financial Planning Resident. As a Financial Planning Resident, Sabina works directly with Clients, preparing financial plans and reviews, and working in all aspects of financial planning, from the discovery process through to implementation and ongoing support of Yeske Buie’s Clients’ Live Big® goals. We implemented the Financial Planning Resident Program to leverage our Financial Planning team and to help contribute to the pipeline of new planners entering the financial planning profession prepared to work with financial planning clients.
Upon her “graduation” from the program, Sabina will have the experience necessary to qualify to be a CFP® Licensee. In addition to passing the exam, each CFP Candidate is required to meet an education requirement and an experience requirement. Sabina will meet all three requirements at the end of the Spring and will then be able to apply for the CFP Board. Congratulations, Sabina!
VIENNA, Va., March 24, 2016 /PRNewswire/ —Elissa Buie, CFP®, co-founder and CEO of Yeske Buie, has been awarded the title of Top Wealth Advisor by Washingtonian Magazine as part of the magazine’s Top Wealth Advisors listing for 2016. Washingtonian Magazine awards the honor of Top Wealth Advisor to the individual with the most peer-nominations for this already-prestigious recognition. Ms. Buie has appeared on all five of Washingtonian’s previous lists of top wealth advisors. The listing appears in the March issue of Washingtonian Magazine which is now on newsstands.
To compile the listing, Washingtonian Magazine surveys hundreds of financial professionals in the Washington, D.C. area, asking “Who, besides yourself or someone else in your own firm, would you trust with your own money?” In addition to the peer survey, the magazine follows up the recommendations with their own research, interviewing experts and consulting industry organizations and publications. Those named to the list received the most recommendations from all sources. Elissa was one of only fifty-seven fee-only financial planners named.
“Every award and recognition is a genuine honor, but to be recognized by your peers feels particularly rewarding,“ Elissa stated when learning of the 2016 Washingtonian listing.
Elissa has been practicing financial planning for over three decades and has played a pivotal role in the development of the financial planning profession. She is currently Immediate Past Chair of the Foundation for Financial Planning’s Board of Trustees. Elissa is also a past national Chair of the Financial Planning Association (FPA®), the professional association for financial planners.
In 2013, Elissa was awarded the prestigious P. Kemp Fain, Jr. Award, the Financial Planning profession’s equivalent of a lifetime achievement award. She has been named as a top advisor by Worth Magazine and by Bloomberg Wealth Manager and was named to Financial Times Top 100 Women Financial Advisers list in 2014. In 2015, Elissa was listed on InvestmentNews’ inaugural Women to Watch list, a list of 20 top female advisors in the country.
Elissa has published extensively in the Journal of Financial Planning and is a frequent conference presenter on the topics of policy-based financial planning, the discovery process in financial planning, and the role of science in the development of the profession. She has been a conference keynoter throughout the world, including the United States, Japan, the UK, South Africa, and Korea.
Elissa is a Dean in FPA’s Residency Program and holds an appointment as Distinguished Adjunct Professor in Golden Gate University’s Ageno School of Business, where she teaches the capstone course in the school’s graduate financial planning program. She has been quoted in many national media, including The Washington Post, Time, and Business Week, and has made appearances on The Today Show, NBC News, and CNBC. Ms. Buie is a Certified Financial Planner® licensee and holds business degrees from the University of Virginia and the University of Maryland. Learn more about Elissa and Yeske Buie at www.YeBu.com.
SOURCE – Yeske Buie
Written By: Lauren Vitt, RP®
At the beginning of a new year, it is not uncommon for companies to participate in visioning exercises to set goals for the next twelve months and to generate hope and excitement to tackle the year ahead. In fact, this practice corresponds well with the month of January which is named after the ancient Roman god Janus, the god of beginnings and transitions. His symbolism as the god of beginnings and transitions is emphasized by his name Janus, originating from the Latin word janua meaning “door”, and by his depiction as a man with two faces, one looking into the past and the other looking to the future.
At Yeske Buie, the team practices visioning exercises regularly throughout the year both as a collective group during our semi-annual staff retreats and individually with annual Vision and Goals meetings between the staff and Elissa and Dave. With our 2016 goals already in the works, we want to take a moment to look back, remember, reflect, and learn from our celebrations in 2015. Yeske Buie’s number one focus is always on our work with and for our Clients. In 2015, we had many recognitions and accomplishments that we think reflect well on our ongoing pursuit of excellence both individually and collectively.
Emulating Janus’ essence, we share a timeline of Yeske Buie’s 2015 Celebrations as an appreciation of 2015 and as an inspiration for 2016 and beyond. We hope you enjoy!
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As we announced last month, Yeske Buie was selected as the winner of the 2015 Trailblazer IMPACT Award by Charles Schwab & Co. The award honors a firm for its dedication to helping the industry as a whole reach new heights through focused initiatives and the passionate commitment to service excellence.
In honor of our recognition, Schwab will run a congratulatory ad in the December 11th edition of the San Francisco Chronicle. We hope that those in the Bay Area were able to find the ad as they were reading the morning paper. For those who live outside the Bay Area or who missed ad in the paper, we share a reproduction of the ad, a video highlighting our team, and professional pictures from the awards ceremony below. We hope you enjoy!
Camille Bouvet joined the Yeske Buie team this summer as a Financial Planning Resident in our San Francisco office. Camile graduated from Virginia Tech with a degree in Applied Economic Management as part of Virginia Tech’s CFP® Certification Education Track. During her college career, Camille was an active member of Virginia Tech’s Financial Planning Association chapter and served as a vice president her senior year. She also had a variety of internships within the financial planning profession prior to her time at Yeske Buie, working as an advisor services intern at Charles Schwab in Phoenix and as a semester intern at Verity Asset Management in Blacksburg, VA. Camille recently sat for the CFP® Exam and as a result of her hard work and dedicated months of studying, passed the exam this November! With the exam behind her, Camille is looking forward to having more time for running and cycling and to explore the range of climates and landscapes in California. In this edition of Meet the Team, we learn more about Camille’s professional and personal life interests and goals.
What area of Financial Planning do you find the most intriguing and why?
This is hard to answer as I’ve come to find that I don’t have one favorite area of Financial Planning but rather a favorite act of Financial Planning. I love being able to take detailed, scattered information and analyze it with an emphasis on the Clients’ goals, ultimately allowing us to deliver a clear set of answers that explore trade-offs. I find this practice to be the most rewarding because it truly makes a difference for the Clients’ and opens the door to future planning opportunities towards their goals. I think the area of Retirement Planning best reflects this process. Clients are invited to provide us with their stack of financial information, no matter how high that may be, and are willing to share their Live Big® goals with us. This puts the planner in a unique position to create ongoing deliverables that address the current needs and open the door to future planning opportunities. We help them envision the retirement they desire and explore the actions they need to take to pursue this vision. This type of work allows me to help people make important decisions, verifying that I’m making a difference in someone’s life.
What unique skills and abilities do you feel you bring to Yeske Buie?
As another millennial joining Yeske Buie, I’m helping to build the wonderful and growing team of millennials we currently have. I think my perspective as a millennial is something that is in demand within a profession that has a rather large age gap. One of the unique traits I hope to apply during my time at Yeske Buie is my passion for working with other millennials, especially when it comes to what we like to call “financial hygiene,” which is a term we use to encourage healthy financial habits early on. For example, multiple friends and family members have asked me to help them find an appropriate travel rewards card after learning that I succeeded in safely taking advantage of travel rewards programs (which fully covered my flights home for Thanksgiving and Christmas!). I’ve held video conferences with my brother to help him explore credit cards that are appropriate for his needs, and also help him fly home from San Diego during the holidays. Although this isn’t directly work-related, it is a huge help to him and a way for me to hone my skills as a financial planner.
What are you most looking forward to during your time as a Financial Planning Resident with Yeske Buie?
Now that I took the CFP® Exam in November and passed (thank goodness!), I can fully look forward to being the most absorbent sponge I can possibly be because I’m at a place that is providing me one of the best learning opportunities as an aspiring financial planner. I’m excited to work with others in an environment that has high standards, values progressive thinking, and provides feedback in pursuit of continually excelling as a firm. I am also appreciative of the opportunities and resources available at Yeske Buie such as networking and conferences. In my time as a Resident, I hope to define the areas of expertise or my “niche” in Financial Planning that will lead the way into the next chapter of my career after my “graduation date.”
What does it mean to you to be part of the Yeske Buie team and to be part of one of the first Financial Planning Resident programs in the country?
It feels unique and I’ve come to realize that I am in a special place at a special time. I love the fact that we strive to be trailblazers in all that we do, such as the Residency program. I feel like I have the opportunity to make a difference and get out of this program what I put into it. We have an interesting work environment because while our work is heavily team-based, we also have a culture of self-management which is a perfect balance, in my opinion. It allows me to exercise my ownership mentality while also learning to delegate, manage, and work well with others (and have fun!).
What is one of your Live Big® goals?
Ah, I love this question! Recently, I have developed a goal of doing a world desert tour – I love the desert. I lived in Phoenix last summer and there’s something about it that fascinates me. I’m itching to see more deserts (and acquire an unforgettable appreciation for water). This tour would include the Sahara in Africa, the Gobi in China, the Atacama in Chile, and Antarctica (yes, it’s a desert!). The other cool thing about this tour is that I would get to see four continents while trekking it!
InvestmentNews has named Elissa Buie to its inaugural Women to Watch list for 2015. They launched the list to honor female advisors and industry executives for what they are doing to elevate the financial advice industry. The initiative is not about assets under management, titles, or compensation. Rather, it is meant to recognize women who are distinguished, innovative leaders who are driven and willing to share their knowledge and experiences with other women. InvestmentNews received over 400 nominations to form a list that was then shaved down to recognize just 20 honorees. In this short video featured on Elissa’s Women to Watch profile, Elissa explains how her career as a CFP® professional began and why the financial planning profession is a great profession for women.
In March 2016, Elissa and the other 20 outstanding female professionals in the financial advisory industry were honored at InvestmentNews’ Women to Watch Awards Luncheon in New York. As Elissa accepted her award, she was asked to share any secrets to her success. Elissa said she is “blessed by her opportunities to be mentored and to be a mentor to other women”.
Elissa’s profile by InvestmentNews details pieces of her career that played a pivotal role in the development of both planners and the profession. Elissa sits on the Board of Trustees of the Foundation for Financial Planning and is the Immediate Past Chair of the Foundation. Elissa is a past Chair of the Financial Planning Association (US) and is a Dean for the FPA’s Residency Program. She has been named as a top advisor by Worth and Washingtonian magazines as well as Bloomberg Wealth Manager and was named to Financial Times Top 100 Women Financial Advisers list in 2014. Elissa has been published extensively in the Journal of Financial Planning and is a frequent conference presenter on the topics of policy-based financial planning, the discovery process in financial planning, and the role of science in the development of the profession. She has been a conference keynoter throughout the world, including the United States, Japan, the UK, South Africa, and Korea. Elissa holds an appointment as Distinguished Adjunct Professor in Golden Gate University’s Ageno School of Business, where she co-teaches the capstone Cases in Financial Planning course. In October 2013, Elissa was awarded the prestigious P. Kemp Fain, Jr. Award, the Financial Planning profession’s equivalent of a lifetime achievement award.
When asked about how she felt to be honored on this list, Elissa said “I’m very proud of this recognition but my tagline has become, ‘I’m not dead yet!'”
Several members of our San Francisco Financial Planning team recently participated in Financial Planning Day, an event that allows the public to meet one-on-one with dozens of highly qualified CFP® professionals to discuss personal finance questions, concerns and interests. Attendees of the event received free, no strings-attached financial advice from professional financial planners who chose to volunteer their time and expertise for the special day. Jennifer Hicks, Financial Planner in our San Francisco office, has attended five Financial Planning Day events in San Francisco and served as the chairwoman of this year’s event. When asked why Financial Planning Day is so important, Jen said,
“Every minute, hour, day, or year you choose to avoid your financial questions or savings is literally a costly decision. By addressing your concerns with a professional early, you can either be growing the savings you’ve diligently put aside or ensuring that you have the necessary protection in case of emergencies, which can save you bundles down the road. Professionals exist because each of us have our specialties, and it is impossible to know everything about everything! I don’t know what I don’t know about cars … so I go to a mechanic. I don’t know what I don’t know about being sick … so I go to a doctor. You don’t know what you don’t know about financial planning … so come see a financial planner at Financial Planning Day! “
This year, the event drew an incredible 340 attendees who were assisted by 44 CFP® volunteers. As a committee member, Jen had the opportunity to work closely with many of the financial professionals and affectionately described them as, “people who love to give back and truly believe in the benefits of helping others plan for their future. They’ve committed their lives to financial planning in order to make a living, but are happy and excited to spend a day doing what they love for others who aren’t able to pay them back.” In addition to Jen’s participation, two of our Financial Planning Residents in San Francisco, Russell Kroeger and Sabina Smailhodzic, volunteered for the event. Russell felt a similar appreciation for the volunteers, saying, “It was great to see the number and caliber of planners who volunteered to provide advice. I am encouraged by the passionate interactions I observed between the volunteers and attendees.”
Sabina shared one of her most memorable experiences with us which exemplifies exactly why we feel so strongly about events like Financial Planning Day and sharing pro-bono financial planning with as many individuals as possible,
“I had the opportunity to shadow a financial planner providing free, no strings-attached advice to an attendee. The attendee was an example of why financial literacy is so important! She and her husband earn approximately $30,000 per year and she has a $150,000 student loan with a 9% interest rate that she is not paying towards. She sat in silence for a few moments after the financial planner told her how much the loan balance is growing each year that she defers payments. She finally broke the silence by telling us that she wishes someone had explained to her how a student loan works prior to enrolling in higher education. So do we!”
SAN FRANCISCO, Ca, November 12, 2015 – Yeske Buie was selected as the winner of the 2015 Trailblazer IMPACT AwardTM, part of Schwab’s IMPACT Awards® program created to recognize excellence in the business of independent financial advice. The Trailblazer IMPACT Award honors a firm for its dedication to helping the industry as a whole reach new heights through focused initiatives or the passionate commitment to service excellence. The award was selected by a judging panel of industry experts and presented to Yeske Buie at IMPACT® 2015 in Boston, MA on November 12th. The entire Yeske Buie team was in attendance for the prestigious ceremony.
“I’m very proud that our firm is being recognized in this way,” said Yeske Buie managing director, Dave Yeske, “and I’m also tremendously proud of our talented team members without whom this would not have been possible.”
Yeske Buie is a leading wealth management firm providing financial planning and asset management to over 200 clients around the world. The firm’s founders and principals, Dr. Dave Yeske, CFP® and Elissa Buie, CFP®, have almost 60 years of combined experience practicing financial planning and leading the profession. The firm is known nationally for its volunteer service and the Principals’ leadership in the profession and their writing and presentations on topics such as Evidence-Based Financial Planning® and Policy-Based Financial Planning. Their philosophy of Live Big® and Creative Strategies – Grounded Wisdom® form the pillars for their company vision and strategy and contribute to their primary focus of delivering an exquisite experience to their Clients. Internally, the firm has a culture of excellence, learning, team work, constant improvement and fun.
Yeske Buie’s Financial Planning Resident Program, Give Big philosophy, and ambitious technology strategy are among the reasons why Yeske Buie earned this award. Yeske Buie’s innovative Financial Planning Resident program, fashioned after a Medical Residency at a teaching hospital, equips aspiring financial planners with three years of hands-on guidance and foundational training necessary to qualify to be a CFP® licensee. In return, the firm gains additional capacity and helps contribute to the pipeline of new planners entering the financial planning profession adequately prepared to work with Clients. Additionally, one of Yeske Buie’s defined core values is a commitment to sharing their time, their intellect, and their resources; they call this philosophy, Give Big. The Give Big philosophy encompasses community service, domestic and international speaking engagements, high-level involvement in professional associations, educational engagement, and more. Yeske Buie has incorporated these activities into a culture and a lifestyle that they embody both as individuals and as a team. Finally, Yeske Buie continuously seeks technologies that will leverage internal processes and external communication and will contribute to their primary focus of delivering an exquisite experience to their Clients. They have adopted many technology platforms to achieve these goals including their Client Private Page® which streamlines internal report generation while maximizing the frequency and quality of client reporting. These are just some of the initiatives that defined Yeske Buie as a pioneer in the industry.
As part of the Trailblazer IMPACT Award, Charles Schwab & Co., Inc. will make a $15,000 donation on behalf of Yeske Buie to the Foundation for Financial Planning, an organization devoted to providing pro bono financial planning services to the underserved. Yeske Buie has a strong involvement with the Foundation; in addition to serving many years on the Board of Trustees, Elissa Buie also served a two year term as Chair of the Foundation, and the Yeske Buie Financial Planning Team makes regular donations to the organization.
Yeske Buie and its employees are independent of and are not employees or agents of Charles Schwab & Co., Inc. (“Schwab”). Schwab does not prepare, verify or endorse information distributed by Yeske Buie. The Trailblazer IMPACT AwardTM, part of Schwab’s IMPACT Awards® program, is not an endorsement, testimonial endorsement, recommendation or referral to Yeske Buie with respect to its investment advisory and other services.
SOURCE: Yeske Buie