The Helping Mindset with Rich Osman [Ep. 58]
Matt sits down with Maryland based advisor and founder of Phronesis Wealth Management, Richard Osman.
It’s always been about helping for Rich, a mindset that comes naturally to him, but can you help everyone?
Matt loves a good-origin story and Rich delivers with his honest, family-oriented beginning that taught him invaluable lessons that brought him to where he is today.
Rich shares his thoughts on:
- “Niching Down”
- Client minimums
- Keeping up with client’s diversified needs
- Perceived industry standards
- and so much more!
Connect With Richard Osman:
- RichardOsman@wearephronesis.com
- LinkedIn: Richard Osman
- YouTube: We Are Phronesis
- Phronesis Wealth Management
Connect With Matt Ackermann:
- info@ifpadvisor.com
- (781)890-3045
- Integrated Partners
- LinkedIn: Matt Ackermann
- LinkedIn: Integrated Partners
- Twitter: Integrated Partners
About Our Guest:
A tenured and credentialed CEO and financial advisor, Richard works with people at or near retirement to help guide them through their exciting next act. With a keen focus on optimizing tax efficiency, Richard is dedicated to helping you navigate decisions around pensions and withdrawing assets during retirement.
Richard’s mission is simple: to help you attain your personal vision of financial success through practical advice, customized planning, and outstanding client service. Rooted in integrity and committed to helping you discover the perfect balance between work, family, and pleasure, Richard serves as your partner on your financial journey.
The Origins of Richard’s Career
At the age of 18, Richard started his first company. He quickly realized he was lacking the guidance and resources needed to succeed. This experience (coupled with watching his parents lose nearly everything when their business suffered) taught him that most people face financial complexities and hardships without truly understanding them. This inspired Richard to embark on a career in financial services to help people make better decisions surrounding money. Simply put, he wants to help you learn how to make it, protect it, and ultimately live a more sustainable and fulfilling life.
Phronesis Wealth Management – Your Compassionate Financial Advocates
Whether you’re in the prime of your career and juggling the demands of a thriving family life or nearing retirement and planning for that next chapter, Richard connects best with people who want to conserve for tomorrow while enjoying life today.
Practical analysis is the cornerstone for Richard and his team at Phronesis Wealth Management. They leverage analytics-backed insights to make informed decisions that drive results. Richard begins by listening to your stories, understanding your aspirations, and gaining clarity about the things that are most important to you and your family. From there, he examines everything from financial priorities, investments, and estate planning goals to tax scenarios, family dynamics within a business, and property and casualty considerations to paint a comprehensive picture of where you stand and how all the above could impact your financial plan.
Your Secret Weapon During Volatile Times
Harnessing the power of the Lifetime Income ModelTM retirement income distribution tool, Richard crafts a personalized strategy to withdraw money from sources such as your 401(k), IRAs, pensions, and other investment accounts, all while navigating the market’s fluctuations. Balancing immediate income needs with the opportunity for other assets to grow, Richard and his team coordinate your dollars over the span of your lifetime. This approach transcends age, prioritizing the longevity of your financial resources and ensuring your money is working for you.
At the Heart of Everything We Do, It’s All About You!
Collaborating with Richard and his team means you receive a boutique, concierge experience at a reasonable cost, where personal service and attention to detail are the top priority. Together, they serve as a deep bench of compassionate advisors, offering valuable insights, proactive guidance, and customized solutions for your evolving financial needs. This is why Richard typically becomes your first call in both exciting and difficult moments.
Rounding Out Richard’s Life
Richard and his team at Phronesis are active supporters of Giving Back: Linda’s Legacy Coat Drive, the local Girl STEM-Powerment, and other community events. Additionally, he is a proud member of the Greater Severna Park and Arnold Chamber of Commerce, fostering connections with business owners in the community.
Outside of the office, Richard enjoys spending time with his wife, Kelly, and their sons, Jackson and Cooper. Whether skiing, boating, golfing, attending Florida State football games, training for a triathlon, or embarking on a new travel experience, he appreciates and cherishes life’s smallest and biggest adventures.
Disclosure:
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Integrated Partners, a registered investment advisor and separate entity from LPL Financial.
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