Building a top-notch intern program doesn't simply mean hiring a few planning interns. Top financial advisor David Armstrong took it much further and hires creative interns too. These are students who major in the creative fields and can build a portfolio of work at David's firm while David gets to stay on the leading edge of marketing and social media.
No two paths to financial services are the same, but David Armstrong's was particularly unique. As he served overseas in the Marine Corps, David couldn't spend any of his money. But he could invest it. So he taught himself the ins and outs of managing money, and by the time he left the service, his ROI was, “along with a few bucks in cash as a bouncer, good enough to pay for an MBA, a new car, and two years of living expenses.”
David also credits an internship with providing crucial real-world experience that eased his transition into our industry. So it's no surprise that his own company has a robust internship program that attracts students who, like David, might be approaching financial advisory from unconventional angles.
David Armstrong is the President and Co-Founder of Monument Wealth Management. In this conversation, David and I are joined by some of his team members and a current intern to discuss Monument's unique approach to its internship program, succession planning, and lessons from the Marine Corps that David has used to build a successful independent RIA.
How does jumping out of airplanes apply to managing clients' money? Listen to find out!