Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Rob Siegmann, Co-Founder of Total Wealth Planning, located in Blue Ash, OH, USA.

What's your business, and who are your customers?

We are a comprehensive wealth manager, meaning we coordinate an institutional level of investment management with custom-tailored financial planning for each client family.

We serve primarily families who have saved at least $250,000 of investment savings, but our average client currently has approx. $1.5million invested with our firm.

Tell us about yourself

I am passionate about serving others. I was lucky enough to find my 28yr career in wealth management due to a $15k inheritance at an early age that connected me with Brett Wilder and his firm back in the early 1990s. When I saw $15k turn into $50k after several years of the 1990s bull market, I was hooked.

What's your biggest accomplishment as a business owner?

Being an integral part of building a small single-person business into an ongoing enterprise with 16 employees, two offices in Ohio and Indiana, and serving over 600 client families. And doing this while maintaining the highest levels of integrity by putting clients' interests ahead of our own. I strongly value long-term relationships in this business, and acting as a Fiduciary (putting client interest first) is paramount to accomplish this.

What's one of the hardest things that come with being a business owner?

Finding, keeping, and developing a good team. We've done this one person at a time, but it's nearly impossible to get it right the first time.

What are the top tips you'd give to anyone looking to start, run and grow a business today?

  1. Slow and steady truly win the race.
  2. Don't compromise your personal values to fit into an organization that doesn't share your passion and values.
  3. Know when to do something yourself versus delegate and also know when something is not working and when to pull the plug.

Is there anything else you'd like to share?

In the business of investing and wealth management, rarely do you get instant gratification when serving others.

After 28 years, I have plenty of client success stories that I could not have dreamed of providing to others 20-25 years ago.

Where can people find you and your business?

Website: https://twpteam.com/
Facebook: https://www.facebook.com/twpteam/
Twitter: https://twitter.com/TotalWealthOH
LinkedIn:
https://www.linkedin.com/in/robsiegmann/
https://www.linkedin.com/company/twpteam/

If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.

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