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Marcus Lemonis, a serial entrepreneur and host of the show “The Profit” on CNBC, is a true survivor in the corporate world. The native-born Lebanese business man endured the chaos of a civil war in Beirut and eventually moved to Miami. Lemonis was exposed to the automotive industry throughout his upbringing - his grandfather owning two of the largest Chevrolet dealerships in the United States and Lee Iacocca serving as the family friend and later mentor to Lemonis. On page 12, we conducted an interview with “Profit” host Marcus Lemonis, who offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. In the latter part of the magazine, we interviewed countless wealth advisors during these tough economic times. We recognize that some of the changes in 2013 and 2014 require relevance for financial planners. Therefore, the financial industry continues to push for more realistic standards and reforms.
Marcus Lemonis, a serial entrepreneur and host of the show “The Profit” on CNBC, is a true survivor in the corporate world. The native-born Lebanese business man endured the chaos of a civil war in Beirut and eventually moved to Miami. Lemonis was exposed to the automotive industry throughout his upbringing - his grandfather owning two of the largest Chevrolet dealerships in the United States and Lee Iacocca serving as the family friend and later mentor to Lemonis. On page 12, we conducted an interview with “Profit” host Marcus Lemonis, who offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. In the latter part of the magazine, we interviewed countless wealth advisors during these tough economic times. We recognize that some of the changes in 2013 and 2014 require relevance for financial planners. Therefore, the financial industry continues to push for more realistic standards and reforms.
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Communication, Credentials and Partnerships<br />
In life, it is often said that when one<br />
door closes, another one opens. The<br />
same can hold true in business. Just<br />
ask Rich Tegge, AIF®, who supervised<br />
a Smith Barney satellite office until it<br />
abruptly closed in the turmoil of 2008.<br />
It was then he decided to open his own<br />
independent financial advisory firm.<br />
Today, as President of Wealth Strategy<br />
Group based in Marquette, Michigan,<br />
he said it is the best career decision<br />
he’s ever made in the financial business.<br />
Instead of trying to be all things to all people, Wealth<br />
Strategy Group is focused on meeting the unique needs of<br />
business owners. The firm’s overall investment approach is<br />
conservative rather than trying to chase returns. “People are<br />
much more risk averse than they used to be,” said Tegge.<br />
“They are looking for alternate solutions and are open to asset<br />
class opportunities that they didn’t consider in the past.”<br />
Offering personalized retirement planning, wealth management<br />
and investment strategies, Wealth Strategy Group<br />
has a strong foundation for earning client trust: They partner<br />
with a well-respected broker/dealer, Commonwealth Financial<br />
Network®; client assets are custodied with National<br />
Financial Services, a division of Fidelity Investments; and<br />
Tegge is an Accredited Investment Fiduciary® (AIF) designee<br />
which means he has taken an oath enforcing a code of<br />
conduct that he lives by.<br />
“We tell our clients it’s a journey, and there are things that<br />
will arise to cause<br />
you to reroute and<br />
make significant<br />
changes in your<br />
portfolio, or maybe<br />
just tweaks,” said<br />
Tegge explaining<br />
the importance of<br />
ongoing and open<br />
communication with clients. “Life events happen such as<br />
the loss of a spouse, a disability, or loss of work that can<br />
impact the plan that we have developed—that’s why we are<br />
always modifying the plan.”<br />
Wealth Strategy Group’s commitment to client communication<br />
is bolstered with through social media.<br />
“It is a great platform to educate and have ongoing communication<br />
with clients in a manner that is comfortable to<br />
them,” Tegge explained. “Maybe it is eight or nine o’clock<br />
at night when someone has time to log on and review information<br />
that we have posted that may be of interest to them.”<br />
Wealth Strategy Group is located at 300 South Front<br />
Street, Suite C, Marquette, MI 49855. (906) 228-3696. Securities<br />
and advisory services offered through Commonwealth<br />
Financial Network®, Member FINRA/SIPC, a Registered<br />
Investment Adviser.<br />
300 South Front Street, Suite C<br />
Marquette, MI 49855<br />
www.wsginvest.com
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