January 07, 2025

Wealth with Purpose: Redefining Financial Planning with Jessica Gibbs

39 minutes

Episode 075: In this episode of The Connected Advisor, Kyle Van Pelt talks with Jessica Gibbs, Partner and VP at Monument Wealth Management. Jessica shares her journey from nonprofit fundraising to financial planning, driven by her passion for helping people align their wealth with their purpose. She highlights the importance of personalized communication, Monument’s innovative approach to financial advising, and the firm’s commitment to flexibility and inclusivity. Jessica also shares insights about hosting Monument’s podcast Off the Wall, leveraging technology for efficiency, and preparing the next generation of advisors.

In this episode:

(00:00) - Intro

(01:50) - Jessica's Money Moment

(02:15) - Transition to financial planning

(06:25) - Joining Monument Wealth Management

(08:23) - Jessica's critique of the financial industry

(11:33) - How Monument uses podcasting

(15:20) - What makes Monument stand out

(23:04) - Gender equality and the future of financial planning

(27:24) - Monument's culture and work-life balance

(30:20) - Leveraging technology

(33:32) - Milemarker Minute

Key Takeaways

Align Your Wealth with Your Values: Wealth isn’t just about accumulating assets; it’s about aligning your financial resources with your life’s purpose. Whether it’s charitable giving, personal goals, or legacy planning, identifying and prioritizing what truly matters ensures your wealth creates meaningful impact.

Tailor Your Communication to Build Stronger Relationships: Effective financial planning goes beyond technical expertise; it’s about understanding your clients’ unique needs. Whether they prefer detailed analysis or a bottom-line summary, adapting your communication style builds trust and long-term relationships.

Embrace Collaboration for Better Client Outcomes: A team-based approach brings diverse perspectives to the table, resulting in more comprehensive solutions for clients. Monument Wealth Management’s ensemble model showcases the power of collaboration in financial planning.

Quotes

“Being a financial planner is about the money, the modeling, taxes, IRS code. But it is equally a relationship business. It is equally a communication business.” ~ Jessica Gibbs

”This is a subject matter that I've always loved learning about. I was that kid who read Money magazine in high school. I opened my first Vanguard account when I got my first job and invested in a mutual fund. I talked to my friends about like, hey, do you have an investment account?” ~ Jessica Gibbs

“Wealth is going to be changing hands to women and younger generations… Having women representation within the industry is so important to making sure that you are speaking effectively to female clients.” ~ Jessica Gibbs

Links

Jessica on LinkedIn: https://www.linkedin.com/in/jessicagibbscfp/

Monument Wealth Management: https://monumentwealthmanagement.com/

Off the Wall podcast: https://monumentwealthmanagement.com/resources/?type=podcast

Brookings: https://www.brookings.edu/

Georgetown School of Continuing Studies: https://scs.georgetown.edu/

Dave Armstrong: https://www.linkedin.com/in/davidbarmstrong/

eMoney: https://emoneyadvisor.com/

G2 Leadership Institute: https://ensemblepractice.com/services/g2-leadership-institute/

Dean Catino: https://www.linkedin.com/in/dean-catino-cfp%C2%AE-cpwa%C2%AE-crpc%C2%AE-60311211/

Greater DC Diaper Bank: https://greaterdcdiaperbank.org/

Connect with our hosts

Milemarker.co

Kyle on LinkedIn

Jud on LinkedIn

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