With the holiday season in full swing, Investment Advisor asked broker-dealers and financial advisors to describe how they have donated time and other resources over their careers. Reading through these vignettes, we have been touched by the generosity of organizations and individuals and impressed by the incredible variety of their non-profit partners.
Here is part 3 of 5 highlighting three of the 14 stories Investment Advisor magazine received from broker-dealers and advisors.
HD Vest Financial Services
For the past six years, Scott Rawlins, president at HD Vest, based in Colleyville, Texas, has been involved with Young Life Grapevine Colleyville, serving on the non-profit’s committee that “provides a foundation of financial, administrative and moral support for the local Young Life team,” he says.
“I am personally an ‘alumni’ of Young Life from my high school days,” the executive explained. “I experienced firsthand the amazing impact of this ministry as it brought me and my friends closer to Christ.”
The entire Rawlins family is involved, including his wife Jamie, who also serves on the committee, and two of this three daughters.
Twenty-five years ago, Steve Plain, HD Vest Advisor, started a Boys & Girls Club of America in Wallkill, New York, “so kids could have a place to go after school, since so many were going home to empty houses,” he says. “Many of them didn’t have an adult in their lives to mentor them or even prepare a hot meal to eat. I wanted to make sure that these kids had a place to go where they could have opportunities to learn and grow like my own kids had.”
Plain had been the board chairman for 15 years before stepping down 10 years ago, but remains on the board of directors. The non-profit he started has made a mark, as it now serves 400 kids per day in before-school and afternoon programs in nine locations in Orange and Sullivan Counties in New York.
“We are also proud to provide summer camp for over 400 kids in the town of Wallkill and over 250 kids in the town of Fallsburg,” the advisor added.
Investacorp CEO Patrick Farrell is keenly involved with Feeding South Florida, the most recent of numerous local charities supported by Investacorp and Farrell. Feeding South Florida delivers supplies and food to those in need due to natural disasters.
“Feeding South Florida allowed us to make a big impact getting supplies and food to those who need it most due to natural disasters this past year,” he said. “On Saturday, Oct. 6, 40 Investacorp employees helped sort, prep and pack over 37,000 pounds of food for Hurricane Michael relief. We’re now [in mid-November] collecting Thanksgiving food.”
Over the past 10 years, Farrell and his team have contributed to several other charities, including the Dan Marino Foundation, Tri-County Animal Rescue and the National Multiple Sclerosis Society.
For the past five years, Paul Vladem, president of Associated Investor Services, and many of his advisors and staff have been involved with the Mercedes Benz Corporate Run in Fort Lauderdale, Florida. The charity run helps support community health while also supporting the Run’s charity partner, United Way. “We also have gotten Investacorp involved at the home office level,” according to the executive.
Vladem noted: “We value its mission of promoting a fit, healthy lifestyle while encouraging public participation through a diverse community. We also applaud the mission of its charity partner, United Way, which transforms people’s lives by focusing on education, financial stability and health — all of which contributes to a strong community.” (Investacorp is owned by Ladenburg Thalmann Financial Services.)
The Investment Center
Many children dream of growing up to become a firefighter. Douglas A. Wright, chief compliance officer of The Investment Center, has made that dream come true by serving with the Martinsville Volunteer Fire Department in New Jersey since November 2001.
“Growing up, I always admired and wanted to be a firefighter,” Wright explained.
“Unfortunately, sometimes life takes you in other directions. It wasn’t until the horrific attack on 9/11/2001, causing the death of a colleague’s father, and 343 NYC firefighters, that I decided to volunteer as a firefighter.”
Wright actually was headed to the World Trade Center when the attack occurred. As he had joined The Investment Center in early 2001 and had just moved to Martinsville, which had a volunteer fire department, he made the decision to follow his childhood dream and help the community as well.
Financial advisors Bill Logue and Matthew Filik, and practice manager Jackie Mittelhammer, of Clear Focus Financial, give generously of their time to the Community Food Bank of New Jersey.
“Working with more than 1,000 community partners and programs that feed children, the CFBNJ’s role in putting an end to hunger and poverty in New Jersey is a crucial one,” according to Logue. “A mission that I and Matt realize wouldn’t get done without the support of their surrounding community.”
For just over a year, the group has been working with the CFBNJ. “We host them for our annual client event to showcase the CFBNJ to over 75 attendees, as well as bring clients to volunteer days [there], hoping to generate more awareness about their heroic work,” Logue added.
— Check out Investment Advisor magazine’s other Giving & Getting Back stories.
Ginger Szala is executive managing editor of Investment Advisor. She can be reached at firstname.lastname@example.org. Janet Levaux is editor-in-chief of Investment Advisor. She can be reached at email@example.com.