“Rodney, you said that one of the things Warren Buffet looks for is someone he enjoys spending time with. How do you know whether it is going to work out when you meet a new advisor?” asked Mr. G, a retired Fortune 50 CEO.
“That’s a very good question. Here’s what I know: there must be a good fit for long-term success. While you are evaluating an advisor for a good fit, they must be evaluating you as well,” replied attorney Rodney H. Piercey.
Piercey & Associates, Ltd. reviewed their most enduring relationships and have identified Seven Key Characteristics.
Principles like honesty, integrity and hard work — to name just a few — are the foundation of everything that they do. They do not sacrifice principles for results… the ends never justify the means.
“Mr. P, a southern Texas manufacturer, said it best to me, “Every dollar that I have is valuable to me. It came by the sweat of my brow and I risked everything I owned to start this business and keep it running. I don’t want to pay one more dollar in taxes than I am required”,” Mr. Piercey stated.
They have worked hard to earn, save and accumulate their money.
3. They Believe Wealth is More than Money
They know that True Wealth has many dimensions… including personal, social, spiritual, human, and intellectual capital. They believe all wealth is worth preserving.
“Relationships are more important than my money. Of course, I want to have enough to secure my lifestyle, but I want to positively impact my family and my community,” confided Dr. L, a long-time widow.
4. They Are Open to New Ideas
They know there is no monopoly on ideas, no corner on the creativity; therefore, they approach new ideas with an open mind. Many have a reasonable plan and good advisors… yet, they are open to move to the next level.
5. They Know Strategy Before Tactics
Their experience has taught them the value of strategy first: aim before you fire. Even though strategy requires more time up front, it pays off handsomely in the long run.
6. They Know What They Do Well
By implication, they know what they don’t do well.
“I tried the do-it-yourself route with my money. What a disaster! I know enough to be dangerous… besides, I can make more money with my time than it costs to delegate,” shared Mr. W, a business owner who recently converted the wealth in his business to cash.
7. They Care about Value and Quality
They agree with John Ruskin who said “There is hardly anything in the world that some man cannot make a little worse and sell a little cheaper, and the people who consider price only are this man’s lawful prey.”
They hire, respect and reward talented specialists… and desire win-win relationships with people they enjoy.
These Seven Key Characteristics have been the foundation for every enduring relationship Piercey & Associates, Ltd. has… and they look for them in everyone they work with… whether business owners or retired professionals.
Rodney H. Piercey of Piercey & Associates, Ltd. is a Legacy Strategist assisting his clients to Live and Leave a Lasting Legacy. Mr. Piercey may be reached at (224) 848-4646.
Company Name: Piercey & Associates, Ltd.
Contact Person: Kim Araujo
Email: Send Email
Phone: (224) 848-4646
Address:1525 S Grove Ave. Ste 204
Country: United States