Ep #190: Working with Clients in Transition - The Career of Shannon Moenkhaus
February 06, 2019
From tax planning to owning a growing RIA, Shannon Moenkhaus has had an interesting path to finding her place in financial planning. With her firm successfully reaching $360,000 in just 2 years, we can all learn a lot from Shannon's journey through partnerships, transitions, planning, and implementation. In this episode, we dig into how she built her career and the pivotal moments and important people that made all the difference.
Shannon emphasizes the importance of having the right kind of support, and she talks about how she found the support she needed through a women-only workspace and a rockstar team member who helped immensely with implementation. She also discusses how partnerships—both past and present—have truly shaped her career and success in a unique way.
Listen to the Full Interview:
Want more from XYPN Radio? Become a VIP to access our private community!
What You'll Learn from This Episode:
- An overview of Shannon’s experience and her firm.
- What she learned from tax planning.
- What she enjoyed about working on the implementation of financial recommendations.
- Her major breakthrough and how it helped shape her career.
- How her partnership worked and why they decided to part ways.
- What helped her through the transition and how she built her foundation.
- The all-female workspace she is a part of and how it has helped her journey.
- The importance of teamwork, community, and implementation.
- Why you need to be able to handle transitions and the relationship side of financial planning.
- What Shannon did to achieve such a high revenue growth over 2 years.
- Her best advice for anyone starting out.
Featured on the Show:
- Shannon Moenkhaus: Website | LinkedIn
- Financial Transitionist Institute
- Susan Bradley - Sudden Money Institute
- Dimensional Fund Advisors
- Bill Gates Quote
- RISE Collaborative Workspace
- Rocket Fuel by Gino Wickman
- Mitch Anthony - Life Centered Planners
- Money Quotient
- Amy Mullen
- XYPN PAUSE: Business Strategy Program
This Episode is Sponsored By:
Are you the Chief Marketing Officer of your RIA? Do you have a love-hate relationship with marketing? Do you understand the importance of marketing your firm, but have no idea where to start? If you answered yes to any of these questions, you need our free Marketing Funnel Download. If you have a leak in your funnel, you could be spinning your wheels, missing opportunities, and gaining little traction. Use our free template to map your funnel and get a clear picture of your strategy. Visit xyplanningnetwork.com/funnel to download the template.
Share
- Financial Planning (197)
- Advisors (172)
- Financial Education (138)
- Fee-only advisor (136)
- Financial Planners (136)
- Millennials (116)
- NextGen (115)
- Advice (113)
- Marketing (93)
- Training (87)
- Professionals (86)
- Profit (85)
- Growing Your Firm (80)
- Entrepreneurship (77)
- Financial Advisors (76)
- Business Development (54)
- Niche (53)
- Advisor Success (45)
- RIA (44)
- Building Your Firm (42)
- Growth (34)
- Career Changers (31)
- Starting a Firm (28)
- Networking & Community (27)
- Staffing & HR (27)
- Family (23)
- Launching a firm (23)
- Social Responsibility (22)
- Compliance (21)
- Financial Plan (21)
- Preparing to Launch (18)
- Careers (16)
- CFP Certification (14)
- Online Marketing (14)
- First Year (12)
- Michael Kitces (12)
- New Business (12)
- Partnership (12)
- Scaling (12)
- Communication (11)
- Taxes (11)
- Women (10)
- Family Business (9)
- Assets Under Management (AUM) (8)
- Ethical Advisor (8)
- Perseverance (8)
- Broker-Dealers (7)
- Financial Therapy (7)
- Industry Trends & Insights (7)
- Preparing to Launch (7)
- RIA Operations (7)
- RIA Owner (7)
- Tax Preparation (7)
- Work Life Balance (7)
- Benchmarking Study (6)
- Business Coach (6)
- Hourly (6)
- Leadership & Vision (6)
- Small Business Owner (6)
- Student Loan Debt (6)
- College Planning (5)
- Discrimination (5)
- Female Financial Planners (5)
- Financial Independence (5)
- Investment Management (5)
- Leverage (5)
- Mergers (5)
- Passions (5)
- Technology (5)
- Business Owner (4)
- Challenges (4)
- Finances (4)
- Firm Ownership (4)
- Inspiration (4)
- Military Finance (4)
- Pricing Models (4)
- Retirement (4)
- Sales (4)
- Side Hustle (4)
- Support System (4)
- Virtual (4)
- Working Mom (4)
- Advice-Only Planning (3)
- Company (3)
- Data (3)
- Divorce (3)
- Evolving (3)
- Experience Wealth (3)
- Facebook Groups (3)
- Financial Management & Investment (3)
- Finding Success (3)
- Grief (3)
- Investing (3)
- Lessons (3)
- Management (3)
- Minorities (3)
- Monthly Retainer Model (3)
- Operations Manager (3)
- Philosophy (3)
- Recession (3)
- Reflection (3)
- Small Business (3)
- Spouse (3)
- Strategy (3)
- Succession Plans (3)
- Tech Stack (3)
- Time Management (3)
- Virtual Advisor (3)
- Wealth (3)
- Authenticity (2)
- Building Your Firm (2)
- Certified Divorce Financial Analyst (CDFA) (2)
- Changes (2)
- Charitable Donations (2)
- Check in (2)
- Conversations (2)
- Equity Compensation (2)
- Fiduciary (2)
- Firm Within a Firm (2)
- First Six Months (2)
- Healing (2)
- Homeschool Families (2)
- Impact Folio (2)
- Maddy Roche (2)
- Marriage (2)
- Meg Bartelt (2)
- Mental Health (2)
- Mindset Shift (2)
- Modern Money Advisor (2)
- Morgen Rochard (2)
- Outsourcing (2)
- Pandemic (2)
- Planning (2)
- Pricing (2)
- Processes (2)
- Public Relations (PR) (2)
- RIA Consultant (2)
- RIA Operations (2)
- Real Estate (2)
- Security (2)
- Selling Insurance (2)
- Solutions (2)
- Survey (2)
- Tech Professionals (2)
- Visionary and Integrator Roles (2)
- Automation (1)
- Behavior (1)
- Business (1)
- Care (1)
- Clarity Wealth Development (1)
- Client Acquisition (1)
- Consulting (1)
- Consumer Protection (1)
- Corporate Banking (1)
- Couples (1)
- Cryptocurrency (1)
- Delegating Tasks (1)
- Differentiation (1)
- Disability Accounts (1)
- Early Retirement (1)
- Economics (1)
- Educators (1)
- Effectiveness (1)
- Elements (1)
- Equally-Owned Firm (1)
- Events (1)
- Exchange-Traded Funds (ETF) (1)
- Finance for Parents (1)
- Financial Independence, Retire Early (FIRE) (1)
- Goals (1)
- Health Care (1)
- Heather Townsend (1)
- Hedge Fund (1)
- How to be a Financial Advisor (1)
- IRA (1)
- Impact (1)
- Impact Acceleration (1)
- Implementing (1)
- Independent Financial Advisor (1)
- Independent RIA (1)
- Insurance (1)
- Internal Revenue Service (1)
- Investment Planner (1)
- Investor (1)
- Kori Lennon (1)
- Listener survey (1)
- Loan forgiveness (1)
- Money Quotient (1)
- Motherhood (1)
- Motivation (1)
- Native American (1)
- Opportunities (1)
- Pro Bono (1)
- Progress Report (1)
- Progressives (1)
- Realtors (1)
- Reese Harper (1)
- Reg BI (1)
- Registered Life Planner (RLP) (1)
- Restricted growth (1)
- Retirees (1)
- Robo Advisors (1)
- Selling a Firm (1)
- Stigma (1)
- TAMP (1)
- Trader (1)
- Transparency (1)
- Trusts (1)
- XYPN Books (1)
- XYPN Invest (1)
Get episode alerts by email
You May Also Like
These Related Episodes