o_19grqq7snim9mn019q11f7ds26a.pdf
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.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
STAYING THE COURSE<br />
It took Austin Lewis a few<br />
years to seriously consider<br />
an offer to leave his work as<br />
an attorney to become a personal<br />
wealth advisor – but he’s glad<br />
he did it.<br />
“I went over to the other<br />
side,” Lewis said. “I enjoyed<br />
being a lawyer for many years,<br />
but serving clients in this role<br />
is even more rewarding. I think my legal background provides<br />
an interesting perspective and distinguishes me from<br />
a lot of other advisors.”<br />
Now as the founder and president of his own firm, Lewis<br />
Wealth Management, in Littleton, Colorado, Lewis said he<br />
seeks clients who are willing to openly share their goals and<br />
aspirations, and even more willing to partner with him in<br />
working to achieve those goals.<br />
“The true value of an advisor is not the incremental investment<br />
return that you get for your clients, although that<br />
is important,” Lewis said. “The true value of an advisor is<br />
the quality of advice given to clients in all areas of their financial<br />
lives and in helping them avoid the devastating financial<br />
mistakes that people tend to make. By playing good<br />
defense, you can really help them achieve their long-term<br />
objectives.”<br />
Lewis points to the market drop during the early days of<br />
the Great Recession as an example. Many investors hit the<br />
panic button, fled<br />
the markets and<br />
never came back.<br />
Advising clients<br />
during this time<br />
was a challenge<br />
and they were in need of good advice. Lewis said that his<br />
clients stayed the course and came out ahead. Having a<br />
properly designed investment portfolio with some measure<br />
of downside protection certainly helped.<br />
“I had some really difficult conversations with clients<br />
during that time. In my role as an attorney, I was used to<br />
working with clients during the most stressful periods of<br />
their lives. That skill set really helped,” Lewis said.<br />
“The clients who remained disciplined were rewarded in<br />
the long run and they are still on track to meet their longterm<br />
goals. It was very gratifying to help clients during this<br />
time and see them come out on top.”<br />
26 W. Dry Creek Circle, Suite 510<br />
Littleton, CO 80120<br />
www.lewiswm.com<br />
THE SUIT MAGAZINE - JULY 2014
Change language