As individuals in the wealth management industry, we excel at advising people what to do with their money. But how did we get here? Money Chronicles aims to personalize the industry with featured guests sharing their unique stories and experiences with money, from piggy banks to 401(k)s.
“Are you ready to order?”
The common exchange between waiters and customers stymied Kristen Schmidt’s 17-year-old son.
He elbowed his mom. It was a shy, almost embarrassed gesture that translated to “please talk for me.”
“No, go ahead,” Kristen prodded. The shyness resurged.
This interaction is one of many Kristen recognizes as teachable moments for her 17- and 19-year-old sons. Encouraging her son to open his own bank account when he turned 18 was another.
Kristen, who calls herself a “tough cookie” at home and work, talks about the differences between her instilled money values and how she introduces money accountability and responsibility to her kids in a recent episode of Money Chronicles.
“I have a parenting approach and a money approach where I am not here to be your best friend,” she said. “And it’s okay if you don’t like me because I got your back, and it’s my job to protect you and teach you.”
Kristen is a technology strategist, speaker, consultant and founder of RIA Oasis who has held a variety of roles in the financial industry since the early 2000s.
She joins co-hosts Johnny Sandquist of Three Crowns Marketing and Torie Happe of Holistiplan to discuss the double-edged sword of digital – how it’s made transactions easier, but encourages less accountability for consumers. How will it impact the advisor-client relationship that’s so integral in our industry?
Click “play” above to listen to the full episode. For more personal money stories from more industry friends and experts, subscribe to Money Chronicles wherever you listen to podcasts.
Three Crowns is a full-service marketing partner, providing the financial industry with high-quality custom blogs, website design, branding, podcast production and more. We help financial advisors and fintech companies find their message and amplify their voice. From strategy to click-worthy content, to SEO optimization and social media promotion, our team is ready to help you feel confident in your communication. Click here to connect with a member of the Three Crowns team today.