Hear the story of financial advisors who lead with socially responsible and values-based investing. Listen to the origin story of how they entered the field, and learn how they maintain their practice day-to-day.
YourStake, YourStory
Claim This Podcastby YourStake, Gabe Rissman, Jack Casady
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22 episodes
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Podcast Overview
Hear the story of financial advisors who lead with socially responsible and values-based investing. Listen to the origin story of how they entered the field, and learn how they maintain their practice day-to-day.
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Publishing Since
2/24/2022
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Recent Episodes
April 11, 2024
EP 22: The PAX Principles: Darryl Lyons, CEO, on building his firm with intention and incorporating Biblically Responsible Investing
<p>From Mobile Home to Financially Home: Darryl's Journey</p><p>Darryl shares his personal journey growing up in a mobile home to eventually founding PAX Financial Group. He recalls, "I was edging the skirting of our mobile home. And if you get too close to the skirting, you crack it. And so I just thought, how do people have houses with foundations? I just became curious about money."</p><p>While biblical values were not originally a focus, about five years ago Darryl had an awakening to fully live out his faith, making Biblically Responsible Investing (BRI) core to PAX's approach.</p><p>Cultivating a Community-Driven Culture</p><p>Darryl discusses how he has intentionally shaped PAX's unique culture around their values. Every client-facing team member, from advisors to 401(k) and insurance specialists, is required to serve on the board of a non-profit aligned with PAX's mission of giving people hope.</p><p>This policy not only keeps the team engaged with the local community but also serves as a business development channel. "About two or three years in, if you're doing the right thing for the right reasons, there's going to be a very wealthy person that's on the board or affiliated with the board saying, I've been watching you and I like you."</p><p>Navigating the Transition from Advisor to CEO</p><p>One of the most significant challenges Daryl faced in his journey was the transition from working directly with clients as an advisor to taking on the role of CEO. He candidly shares, "Vacillating between the two is really hard because it's really two parts of the brain. I can imagine going into a strategy meeting for the business and then spending a couple hours with clients, and then going back and rethinking about strategy. It really doesn't work that well." Daryl emphasizes the importance of understanding your own skills, passions, and the needs of the organization during this transition. "It got to the point where I said, I really got to make a decision for the betterment of everyone."</p><p>Daryl admits that the process wasn't always smooth, and he had to learn from his mistakes along the way. One key lesson he learned was the importance of clear communication and setting expectations with clients. Another critical aspect of the transition was getting buy-in from the team. Daryl thoughtfully brought in advisors as equity partners to build excitement and ensure everyone was in the right seat before stepping back from client work. For advisors considering a similar transition, </p><p>Daryl's advice is to be intentional, communicate clearly, and lean on your team. By understanding your own strengths and weaknesses, setting expectations with clients, and empowering your team members, you can successfully navigate the shift from advisor to CEO while maintaining the trust and confidence of all stakeholders.</p><p>The Journey Continues</p><p>Daryl's story is a testament to the power of aligning one's values and faith with their professional pursuits. By committing to not be lukewarm, but commit to his beliefs and continuously learning and adapting, he has built a thriving firm that is making a positive impact on clients, employees, and the community.</p><p>As Daryl looks to the future, he is excited about the growth potential for biblically responsible investing and the role technology will play in making it more accessible, tangible, and explainable to investors. He sees PAX Financial Group as well-positioned to lead the charge in this space, with a strong team, a clear mission, and a commitment to excellence.</p><p>For advisors and investors alike, Daryl's journey offers valuable insights and inspiration. Whether you're navigating a transition in your own career, looking to align your investments with your values, or seeking to make a positive impact in your community, Daryl's story shows that it's possible to achieve success while staying true to what matters most.</p><p>Ready to dive deeper into Daryl's story and learn more about biblically responsible investing? Watch the full episode below!</p><p>Youtube: <a href="https://youtu.be/2j-AHXj5Z28">https://youtu.be/2j-AHXj5Z28</a></p><p>Additional Resources</p><p>Learn more about <a href="https://paxfinancialgroup.com/team-member/darryl-w-lyons/">Darryl Lyons</a></p><p><a href="https://paxfinancialgroup.com/">Pax Financial Group</a></p>
March 27, 2024
EP 21: The Queen Bee of ESG: Paula Glick on Honeytree's Disciplined, Integrated Approach
<p><strong>The Journey to Intentional ESG Integration</strong></p><p>Paula discusses her early career experiences at ESG research firms Sustainalytics and MSCI, which illuminated opportunities to more systematically and holistically weave ESG into the investment process. Rather than relegating ESG to a siloed, reactive overlay, Paula set out to put ESG factors on equal footing with traditional financial metrics.</p><p><strong>Honeytree's Investment Process</strong></p><p>In part of this episode, Paula dives into the details of Honeytree's two-phase investment process.</p><p>1. Applying 25 ESG qualification criteria to filter a broad index down to a concentrated set of companies</p><p>2. Conducting deep-dive analysis on the selected companies across 45 ESG and financial metrics, from science-based emissions targets to parental leave policies</p><p>The result is a high-conviction portfolio of 20-25 companies making a net positive stakeholder impact. As Paula emphasizes, "Our companies aren't thematic in nature. They could be making clothing, shoes, consumer staples, or tech. What we're trying to find are companies that are well stakeholder-governed, that understand the impacts they're making on all their stakeholders is actually what's driving their bottom line."</p><p><strong>Looking Beyond the Obvious</strong></p><p>Paula shares that Honeytree looks beyond obvious thematic ESG darlings like Tesla to uncover less apparent impact stories, such as Cummins' transition from diesel to electric and hydrogen engines. She also highlights examples of Honeytree's ESG criteria in action, like requiring a minimum of 33% board diversity. </p><p><strong>The Future of ESG Investing</strong></p><p>Looking ahead, Paula sees ESG becoming increasingly mainstream as corporate sustainability disclosure ramps up, with ESG data becoming as integral as financial statements to holistically understand a company's risks and opportunities.</p><p>With its disciplined, integrated approach to ESG analysis, Honeytree is poised to continue pioneering intentional, impactful investing. </p><p>To learn more about their innovative strategy and recently launched U.S. Equity ETF, visit <a href="https://www.honeytreeinvest.com/">Honeytree's website</a> and check out <a href="https://honeytreeinvestetfs.com/">BEEZ ETF</a>.</p><p>Be sure to subscribe to the YourStake, Your Story podcast for more conversations with leaders challenging the status quo and innovating at the forefront of values-aligned investing. </p>
February 14, 2024
Ep 20: Hospicing the Old, Midwifing the New: Building the Financial Future with Angela Barbash, CSRIC, CoFounder & CEO at ReValue Investments
<p>Revalue is a values-driven investment firm founded in 2013 by Angela Barbash, an experienced investment advisor with over 20 years of service. The firm's mission is to assist individuals in aligning their finances with their values by divesting from the extractive economy and investing in the regenerative economy.</p><p>Revalue focuses on providing investment options in the public markets that support impact-oriented communities and organizations. They work closely with clients to identify their desired impacts and narrow down their investment preferences, including the type of organizations, investment structures, and specific impact areas such as community development, renewable energy, or local businesses.</p><p>Taking a partnership approach, Revalue offers proactive due diligence on investment opportunities. They maintain a data room where clients can access information on funds, community investment funds, and other vetted investments. Additionally, Revalue encourages clients to scout for direct investments in their communities, such as local businesses or projects. The firm provides guidance and support in evaluating these opportunities to ensure they align with the client's investment policy statement and risk tolerance.</p><p>Revalue's approach to values-driven investing goes beyond traditional financial metrics. They prioritize qualitative factors and impact metrics, allowing clients to invest in line with their values and contribute to the transition from the extractive economy to the regenerative economy.</p><p>With a team of eight employee-owners, Revalue has experienced significant growth and serves a diverse client community, including accredited high net worth investors, institutional investors, and non-accredited wealth builders. Over the past decade, they have educated thousands of individuals, and currently have nearly 200 clients in their community.</p><p>Revalue's success in aligning finances with values has inspired other advisors in the industry. To support this growing interest, Revalue recommends starting with a small group of highly motivated clients to beta test their approach and gain valuable experience. They also emphasize the importance of joining peer-to-peer learning communities within the industry to share due diligence efforts and learn from one another.</p><p>In conclusion, Revalue is a pioneering values-driven investment firm that assists clients in aligning their finances with their values. Through a partnership approach, they help clients divest from the extractive economy and invest in the regenerative economy. By prioritizing impact metrics and qualitative factors, Revalue enables clients to make investments that reflect their values and contribute to positive change in their communities.</p><p>Revalue assists clients in divesting from public markets and investing in impact-oriented opportunities in the private community markets. They believe in aligning clients' finances with their values and helping them make a positive impact through their investments.</p><p>When clients express interest in divestment and reinvestment into regenerative finance and the local economy, Revalue starts by assessing their risk tolerance and building an investment policy statement (IPS). The IPS helps identify the appropriate percentage of the portfolio that can be allocated to impact investments, ensuring clients are comfortable with the level of risk involved.</p><p>Revalue offers two tracks for clients to explore. Some clients already have knowledge about divestment and impact investing and come to Revalue specifically for their expertise in these areas. Others may have personal finance questions and needs and are looking for a values-aligned advisor. For the latter group, the concept of divestment may be new, and Revalue educates them on the possibilities and benefits.</p><p>The next step is to narrow down the scope of the impact investments based on the clients' preferences. Revalue helps clients target the specific impacts they want to have, such as investing in solar energy or supporting local food systems. This process helps clients navigate the vast array of offerings in the private markets and makes it more manageable.</p><p>Revalue has a partnership approach with their clients. They proactively look for investment opportunities like community investment funds and CDFI notes, which they include in their data rooms for clients to review. On the other hand, clients are encouraged to be scouts for direct investments, such as local businesses or projects in their communities. Revalue provides guidance and due diligence support to ensure that these investments align with the clients' IPS parameters.</p><p>Revalue's approach to impact investing in the private community markets differs from the traditional focus on quarterly earnings and benchmarking against the S&P 500. They take a more qualitative approach, considering the broader impacts and outcomes of the investments. This approach allows clients to make investments that align with their values and contribute to the transition from an extractive economy to a regenerative one.</p><p>For advisors interested in incorporating impact-oriented opportunities in the private community markets, Revalue suggests starting with a beta group of highly motivated clients. This group can help test the process and provide valuable feedback. Revalue also recommends joining peer-to-peer learning communities like Rad Planners or attending conferences like ESG for Impact to connect with other advisors and share due diligence efforts.</p><p>Overall, Revalue's mission is to assist clients in divesting from public markets and investing in impact-oriented opportunities in the private community markets. They believe in the power of aligning finances with values and are dedicated to helping clients make a positive impact through their investments.</p><p>Revalue, as highlighted in the podcast episode, places great emphasis on assessing clients' risk tolerance and developing an investment policy statement (IPS) to guide their impact investments. This approach ensures that clients' values and financial goals are aligned and that their investments are tailored to their specific needs.</p><p>When clients express interest in divesting and investing in impact-oriented communities, Revalue begins by assessing their risk tolerance. This assessment goes beyond just their financial ability to take risks and also considers their emotional risk tolerance. By understanding clients' risk tolerance, Revalue can determine the appropriate allocation of their portfolio towards impact investments.</p><p>The next step in the process is the development of an investment policy statement. This statement outlines the percentage of the overall portfolio that is suitable for impact investments and sets the direction for the client's investment strategy. In some cases, the IPS may also serve as a destination point, outlining the desired composition of the portfolio in the future.</p><p>Revalue recognizes that impact investments in the private markets can be overwhelming due to the diverse range of offerings and the lack of organization in this space. To address this, Revalue takes a partnership approach with its clients. They proactively search for investment opportunities such as community investment funds and CDFI notes, which they then make available to their clients. On the other hand, clients are encouraged to act as scouts for direct investments, such as local businesses or projects in their communities. Revalue provides guidance and due diligence support to clients as they explore these opportunities.</p><p>Throughout the process, Revalue acknowledges that knowledge and savviness about investing are not determined by wealth or income. They approach each client with an open mind, recognizing that clients may come from diverse backgrounds and levels of financial literacy. Education and a learning journey are key components of Revalue's approach, ensuring that clients have a solid understanding of impact investing and are empowered to make informed decisions.</p><p>Overall, Revalue's emphasis on assessing risk tolerance and developing an investment policy statement reflects their commitment to aligning clients' values with their financial goals. By tailoring impact investments to each client's unique needs and providing ongoing support and education, Revalue aims to empower clients to make meaningful and impactful investment choices.</p>
22 total episodes available
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