This week, Lauren Stansell of Yeske Buie gets interviewed by our guest host, Alexandria Cole. Lauren wasn’t quite sure she wanted to be in financial planning and now, just several years later, she is on track to be partner at her firm! At Yeske Buie, Lauren has been instrumental in creating and growing their Resident Program, a three year training program for new financial planners. Through the program, residents learn the nuts and bolts of financial planning and all areas of running a firm, including how to train others. The end goal of the Resident Program is not to stay with the firm long-term, but to be trained in how to do financial planning well. Lauren shares their approach to Residents and gives insights into what new planners can do the set themselves apart.
Lauren shares how important continuous learning is and how conversations at her firm led her to pursue a Masters in Advanced Financial Planning with a concentration in taxation from Golden Gate University. As a soon-to-be partner, Lauren shares how this influenced her decision to pursue her masters degree.
As the second generation of owners in Yeske Buie, Lauren shares why she is excited to buy into the firm and how the goal is to make the firm not dependent on the founders by 2020. Lauren shares her advice for other young planners who are interested in having conversations with their firm owners about buying into their practice.
What You’ll Learn:
- What the Yeske Buie Resident Program looks like
- Skills Residents and new planners need to have
- Importance of continuous learning
- Factors to consider in pursuing advanced degrees
- What it’s like to be the second generation of a financial planning firm
- How to have conversations about being a successor