Denise Downey is the owner of Financial Trex, a fee-only firm located in Spokane, Washington. One of the first 50 women to join XYPN, Denise has worked on the trading floors of the Chicago Stock Exchange, pursued her CFP®, and gained a deep understanding of financial planning. Today she joins the show to discuss why she decided to move on from her 9-5 job to make time for her family and the lifestyle she wants to lead.
In this episode, she explains why she has made her firm fee-only, as well as how she gained the confidence to have conversations around how she gets paid. Listen in to learn how Denise grew her firm to 40 clients in just three years, the role money plays in her relationships with clients, and what you can do in the industry to increase financial literacy among fellow community members.
Listen to the Full Interview:
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What You'll Learn from This Episode:
- Why Denise quit her 9-5 job to start her own firm.
- How she grew her firm so quickly.
- Why she decided to follow the fee-only business model.
- How she gained the confidence to have conversations around fees.
- The role money plays in her client relationships.
- Whether you have what it takes to make it in this career.
Featured on the Show:
- Denise Downey: Website | LinkedIn
- XYPN VIP Community
This Episode is Sponsored By:
XY Planning Network's annual Benchmarking Study is out! Are you curious about the average number of clients XYPN members get in their first year? Or, how successful niches really are? To answer these burning questions (and more), we enlisted a professional research firm to complete our annual Benchmarking Study. Get your copy hot off the press and discover vital statistics such as the median advisor revenue by years in practice and sources of firm growth—from referrals to blogging, social media, and more!
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