DiscoverConversations in Finance with Dominique Henderson, CFP®
Conversations in Finance with Dominique Henderson, CFP®
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Conversations in Finance with Dominique Henderson, CFP®

Author: Dominique Henderson, CFP®

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Hi, I’m Dominique (pronounced dah-muh'-neek) and I live in Dallas, TX!

I consider myself a maven of sorts especially for #financialliteracy, #economicempowerment, and #personaldevelopment.

As an advocate of financial education, I use this platform as a conversation starter for current and aspiring financial professionals and the many faces the topic of "finance" can take.
145 Episodes
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This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/Hqv9Ym2ex5k If you want to know how to become a financial planner, advisor or coach--keep watching.I met Danny Harvey through a mutual friend for the first time a few months ago during a visit to PV to enroll my children for the upcoming academic year.  We hit it off right off the bat.  I recently sat down and had a conversation with him about:  (1) PV becoming the 3rd HBCU to have board registered CFP program, (2) the right mindset to have as "tomorrow's financial professional", (3) what he's telling his students about the profession, and (4) how the industry is changing for tomorrow's financial professional.Danny's LinkedIn Profile: https://www.linkedin.com/in/danny-harvey-mbaDanny's TedX Talk: https://youtu.be/AIVEpUDAUNgThanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here:  https://youtu.be/bMP1L_RBl5kHave you ever wanted to listen in on "behind the scenes" talk in the financial service industry?My friend Preston Cherry, a fellow financial advisor, go "unscripted" on several subjects including:  The many facets and entry points into the financial services industry for aspiring financial professionals,How you might not always follow a linear path as a financial professional,The benefit of educational programs like Dalton, andHow to get experience (as a new advisor) if you don't have any.Preston's LinkedIn Profile: https://www.linkedin.com/in/prestoncherry/Preston's website: https://www.concurrentfp.com/financial-advisor-preston-cherryThanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/lcuy4ooDyaEIf you want to know how to impress a potential employer and stand out, in this video I'm going to be sharing some tips you can use to help you secure that next job if you're trying to break into the financial services industry.Do Your Homework.  Your potential employer probably has dozens of other equally qualified individuals asking for the same job. If you are granted some "face-time" with them, what's going to make you different?Be professional.  Do yourself a favor and use the highest degree of professionalism when interacting.  Spruce up anything that will represent you (e.g. email, social profiles, etc.).  After all, how can you demonstrate you will respect the job if you don't respect yourself?Be memorable. You hardly ever get a 2nd chance to make a first impression.  Make yours count!  Instead of just sending a typical email, record and send a video introducing yourself.Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here:  https://www.youtube.com/watch?v=Ku3oiyzHBi8If you want to be a financial professional and you want to know what working for a big or small financial services firm would be like...keep reading!PRO -The availability of resources at a large firm will likely not be an issue.  Things from office space to a dedicated admin are things that you won't always find when going small or on your own.  Typically, a larger firm will have a lot of amenities.CON - Big is not always better.  At large firms, there can be a tendency to be lost in the shuffleCON - Does a big firm serve the client or the shareholder?  This may show itself in the form of products sold and quotas being met.  By contrast, without hundreds or thousands of client families, each one is more important, so you will feel closer to your clients in a smaller firmPRO - Financial stability at a larger firm isn't usually an issue.  A stable firm would probably be one that reaches more than 100MM in AUM or more than $1MM in revenue.  This is a very common benchmark in the industry and many small firms never reach this.No matter where you work, make gaining experience your chief objective during your stay.Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here:  https://youtu.be/dE2OWKFSrIcHow to start your own investment firm and become an independent financial advisor is what we're going to cover today.   There are 2 important questions to ask "when" and "how".    When it comes to exactly when to do break away involves mainly:  1. "Do you have the financial runway?"  Financial runway is a supportive, working spouse that understands that in months 0-24 you will be grinding it out and adding extra expenses to your household budget.  You need either this and/or savings that will give you the income you need once you leave a paying position and go to zero but start incurring business expenses.  2.  Also consider... do you have the expertise it will take to care for clients and have them trust you?  You shouldn't break out on your own with less than 5 years experience.  I may have some that disagree but this is just a hard thing.  Unless you are an 11 on a scale from 1-to-10 on sales, you need to wait until you have established your reputation in the business before you become the quarterback of someone's financial life.  3. Next you should consider "how".  Always play by the rules and declare any OBA (outside business activity) while you're registered with your current firm.  You may also have a non-compete agreement in place preventing you from soliciting clients for business.  Ultimately you may just have to make a clean break from your existing firm.  4. This means you'll want to file properly and use a professional with the expertise to help you.  However, before leaving your current firm and stopping your paycheck, you need to have a clear idea of your firm name, how you will charge and drafts of all your documents like your ADV, file your LLC (articles of incorporation), your policies and procedures, etc.Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here:  https://youtu.be/9fyVbjKR1ngToday I'm going to show you how to make a good LinkedIn profile and share how I grew my LinkedIn profile to over 10,000 followers. It doesn't take long to setup a good LinkedIn profile and it'll really pay off, even in 2019 as more people join the platform. 1. Use a killer headshot.  A picture is worth a thousand words...but make sure it is a good one.  If you have to spend a few bucks getting it right...even if you have to go to a photo booth.2. Write a killer headline.  My personal preference for the 120 characters that we get for this prime piece of real estate, is to state "how I help people."  Don't just use a job title as that can be reflected in the description below.  3. Triple check the profile for accuracy.   There is absolutely no way to look unprofessional than to half misspelled words or inaccurate information on your LinkedIn profile.  Remember this is how recruiters, colleagues and potential employers are seeing you for the 1st TIME.  Make sure you check, double-check and triple-check your profile to make sure it is accurate.  Don't use unprofessional email handles and old phone numbers.Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here: https://www.youtube.com/watch?v=1f4MEt0NzoAWhat is the entry level financial advisor career path like?    This is a question I get all the time and I want to cover the 4 basic paths today.   Brief history of entrance into the industry  There are differences between each channel. They are the bank (or wirehouse/captive), broker-dealer, independents (or registered investment advisors) and hybrids.  There is a different standard in those channels—it is the suitability standard or the fiduciary standard.  Why you may choose either has totally to do with you and what you believe.  Can you serve the client's best interest using either standard?  What you would do for your parents should be what you do for clients.Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here: https://www.youtube.com/watch?v=L5ItcWyM48wIf you are a current or aspiring financial professional you may wonder:  "how to prepare for a meeting with a potential client?"I think this list can help you attract new clients to your practice as well as turn existing clients into raving fans from your meetings.1. Set expectations.  No one wants to be frustrated by being "overpromised" to and "under-delivered" to.  This is why it is critical to set realistic expectations that you can deliver on with meeting with a prospective client.  2. Provide a service calendar (2:06).  What should they expect?  And at what times of the year will you be delivering these services?  This will also allow you to create a set of routines or tasks for your back office to perform in order to meet expectations. 3. Always probe and ask great questions (3:25).  Your clients and potential clients are really interesting people that do interesting things.  BE INTERESTED.  This will only strengthen the rapport you build for them to trust you as their advisor.  Be genuinely interested in what is going on with them.  Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/GdyfzBBufc8If you're listening definitely head over to my YouTube channel to catch the video version of this episode.  I take you through what a typical beginning of the month looks like for my financial services practice.My Morning RoutineCOO DutiesCEO DutiesThanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/0FbVZ34ZSNwWhen I graduated with my degree in Finance in 1998 there was a certain set of classes that I had to have...but I'm here to give you what I think is the most relevant.Keep these things in mind as you navigate your journey to becoming a financial professional...College is to teach you how to think/learn.  Since information is so abundant nowadays you should be using college to ask questions and challenge previously held assumptions. Don't take the easy route by just learning what you need to pass the exam or class.Master the basics. As a financial professional you have to have your basics.  So principles of accounting, economics and finance are crucial.  Social sciences are huge.  This career is becoming more about the softer side as consumers realize they can have their investment choices automated and their budgets crunched.  Helping a person understand why those things need to be done and what happens if they're not is the important skill.  And for that you need high EQ and to be a good listener.Thanks for listening.For more information on what I'm doing for current and aspiring financial professionals, click here.Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).--- Send in a voice message: https://anchor.fm/dom-the-maven/message
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