Financial responsibility is imperative to the success of a business or individual. With rising or certainly continually changing costs in health care, education, consumer products and more, keeping cash flow in check can help navigate these costs.
Throughout the Greater Lehigh Valley, there are many financial planning firms equipped with the knowledge and resources to manage your money and investments.
One firm that’s had a strong presence in the region for more than a half-century is AnchorPoint Wealth Management Inc. in South Whitehall Township.
Here to answer this week’s “Behind the List” questions is Sean Fitzpatrick, president of the company.
Lehigh Valley Business: How long has AnchorPoint Wealth Management Inc. been operating in the region and what are its primary services?
Sean Fitzpatrick: We have been in business since 1959. Our firm was known as Dickinson & Co. up until 2013. Because of the changes in the focus of our firm, we decided to adopt the new corporate name in 2014.
LVB: What have been some of the biggest challenges and opportunities that AnchorPoint Wealth Management Inc. has encountered throughout its years in business?
Fitzpatrick: The biggest challenges, both currently and for the future, are the dissemination of all the information that is out there and applying what one can use to one’s advantage and what has relevance for both yourself and the clients you serve.
Things today come at you much faster than they ever did in the past, and the ability to separate noise from news is becoming ever more critical.
LVB: How does AnchorPoint Wealth Management Inc. directly stimulate the local economy? How does it get involved with the local community?
Fitzpatrick: We stimulate the economy in many different ways. From the first cup of coffee you buy in the morning, to the sending of a birthday card, to placing an order with Amazon, and sending something by UPS, all stimulate both local and national businesses.
We try, with most all of our purchases, to buy locally from smaller sized companies to help the little guy and the local economy.
LVB: What credentials and licenses have to be obtained to become an investment adviser representative, Certified Financial Planner or asset manager?
Fitzpatrick: To be an adviser representative, one must pass two FINRA [Financial Industry Regulatory Authority] regulatory exams. The first exam allows you to sell securities; the second exam (Series 65) allows you to charge a fee for the services you render and the investment advice you provide.
A Certified Financial Planner is someone who has enrolled in the college, has taken six courses and passed a comprehensive exam. I took the Chartered Financial Consultant courses through the American College, which was 10 courses, at the time. The College for Financial Planning does substantially more advertising, but in my opinion, the American College’s program was more in depth.
To be an asset manager requires more education than all of the previously mentioned programs and is more an ongoing process and a dedication to an endless cycle of learning.
LVB: What does the future look like for AnchorPoint Wealth Management Inc.?
Fitzpatrick: Our future couldn’t be brighter. I believe we are now entering an era similar to the 1980s and 1990s where America will be reborn and a new sense of pride among all of our citizens will come to the forefront.
These are exciting times, and just as the automotive revolution changed the beginning of the 20th century, information technology and artificial intelligence are just beginning to affect the 21st century. The learning curve for the future will be very short.
As my old economics professor used to say, “To stay positive, always remember, the best is yet to come!”
Embrace the future. It’s what we have to look forward to.