Taking ownership: Compass Wealth Management

Submitted by kristin.mccasland on September 5, 2019

[Compass Wealth Management
Atlanta, Georgia]
[Charles Schwab]
[Own your tomorrow™]


ROBERT AMATO:  No matter how high up you are in these larger broker-dealer firms, you're still an employee. And the RIA space was compelling to us cause we felt like we were building something, we owned it, and we controlled everything within that space.

[Charles Schwab
Beau Davis
Managing Partner, Compass Wealth Management
Third parties are not affiliated with or employees of Schwab]

BEAU DAVIS:  Robert and I have always had a mindset that, you know, this is the way that we want to do things.  And now that we're owners, we don't have all the… the blocks and walls and things in the way, and other advisors, and opinions, and… I call it noise.

[Charles Schwab
Robert Amato
Managing Partner, Compass Wealth Management
Third parties are not affiliated with or employees of Schwab]

ROBERT:  We came to the conclusion that setting up as a registered investment advisor and leaning on Schwab as a custodian was absolutely going to work out the best for us and for our clients.

BEAU: But one of the things we wanted to make sure, that if another 2008 happened again, that the one thing our clients weren't going to worry about was whether or not the custodian or the company that was holding their funds was going to be okay or not. And we knew with Charles Schwab, we knew they didn't receive any money from Uncle Sam, and they didn't need any money from Uncle Sam to stay in business. And we wanted to make sure we're in a position to really do the best for our clients with the least amount of distractions.

I'm not near as stressed like I was several years ago. I have more time to coach my kids.  I probably wouldn't have been able to do that, you know, at my old firm.  

ROBERT:  I've got young kids, so that's the majority of it these days. You know, they're only going to be so tiny for so long.

I always go back to antique car restoration.  You know, having time to do the things I really want to do. It's a very long, methodical process, but at the end you get a beautiful reward.

BEAU:  Yeah, I think helping people feels good, right?  You know, giving back, it's a good thing.  You know, there's a… the reward is, is knowing that you're giving folks an approach to get them through retirement. You know, when they refer other potential clients to you.  I don't know how you quantify that, but there's a peacefulness about that. I mean, it's a good thing. It feels good.

[Charles Schwab]
[Own your tomorrow™]

[Explore independence.
advisorservices.schwab.com/DreamBig]

[Charles Schwab]
[Important Disclosures

Meant for institutional audiences.

The information included in this video is intended to be general and is subject to change.

Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

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