Financial Advisor Joey Small on What Young Investors Need for Long Term

by Arkansas Business Staff  on Monday, Oct. 14, 2013 12:00 am  

Joey Small

Joey Small is the president of Small & Associates Financial of Little Rock, an Ameriprise Private Wealth Advisory Practice.

In addition to his recognition by Barron’s as a top financial adviser on the national level, Barron’s ranked  Small No. 1 in Arkansas in 2011-2013. He was chosen based on assets under management, revenue produced for the firm, client satisfaction and his regulatory and compliance record. He has served on the Ameriprise Chairman’s Advisory Council since 2006 and has been designated a Chartered Retirement Planning Counselor by the College for Financial Planning.

Small received a Bachelor of Business Administration degree in finance from the University of Arkansas at Little Rock in 1993.

Q: How did you become interested in wealth management as a career?

A: After obtaining a finance degree from UALR in 1993, I worked in management for a trucking company for several years, but I knew that career path was not my passion. A series of events occurred that gave me the opportunity to make a career change and use my finance degree. Finance was an area in college that I really excelled in and enjoyed. Having the opportunity to help clients understand their financial picture and identify strategies to achieve their dreams is where my passion really shines.

What are some of the common questions your clients are posing these days?

Clients have questions about market volatility, the national debt and how current events will affect them. Clients also ask us questions regarding their retirement plan such as “Will my money last throughout my lifetime?” and “Will I have enough to live the life I want?” We help our clients prepare for the certainty of uncertainty.

What are the biggest issues facing your profession?

One obstacle that we have noticed is the barriers to entry have become much more difficult due to the ever-changing regulatory environment. Another challenge is helping clients navigate the constantly changing financial landscape by following their long-term plan rather than reacting with short-term emotions.

You made Barron’s list as one of America’s top 1,000 financial advisers 2009-13. How did that come about?

We started 15 years ago by building client relationships built on trust, integrity, exceptional client service and solid financial planning. In return, our clients have referred friends, family and co-workers, which led to the growth of our practice.

If you were to cherry-pick advice for a young couple, planning for the needs of children and retirement, what would that be?



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