My ‘Panic With Friends’ today is with the VERY funny Douglas Boneparth. He is a financial advisor to the yoots.
I really tried to make it difficult for him to start the conversation but he smoothly worked through my banter to talk about building a financial advisor business catering to millennials.
For more details on Douglas the the show read on below…
Guest: Douglas Boneparth
Profile: President, Financial Advisor at Bone Fide Wealth
Fun Fact: Douglas became a fully licensed Certified Financial Planner at age 21.
What’s the Panic About:
If our last guest Tiffany Zhong was the Gen Z whisper, then Douglas Boneparth might just be the Millennial version. And he has the titles to prove it, including the newly named millennial voice of CNBC’s Digital Financial Advisor Council. After spending over a decade in the financial planning industry, Douglas noticed a gap – a Buzzfeed reading, avocado toast eating, Slack using gap. Millennials weren’t getting the same level of thoughtful time and advice as other older players in finance. Douglas stopped chasing after old money and started finding young people to invest in. He is the founder and president of Bone Fide Wealth, a Manhattan-based wealth management firm specializing in high achieving Millennials, young professionals and entrepreneurs. They currently oversee approximately $80 million in assets. Douglas is a funny, charismatic, driven and smart man. In this episode, Douglas and I talk about high earning millennials, financial education, when he got interested in the financial world of business, his comedic perspective on his professional and personal life, what a day in the life of a financial planner looks like, his plans for the future, marketing, SEO and more. Enjoy!
Millennials just want respect, transparency and time. And they see through BS. The second you sound like you’re making something up or being opaque, you’re going to lose this valuable group of people.
“If you’re not growing, you’re dying.”
“Be ridiculously objective and transparent in everything you do and say.”
“I’m a big promoter of leaving this planet more financially educated than when I found it.”
“the hedonistic treadmill of SEO” – not a full quote, but a phrase I think I’m going to start using more in my everyday life
Food for Thought: