{"id":12926,"date":"2022-03-14T10:20:53","date_gmt":"2022-03-14T15:20:53","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=12926"},"modified":"2022-03-14T10:23:06","modified_gmt":"2022-03-14T15:23:06","slug":"qa-meet-matthew-johnson","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/qa-meet-matthew-johnson","title":{"rendered":"Q&A: Meet Matthew Johnson"},"content":{"rendered":"
As an Iowa-based Fiduciary, Matthew Johnson of Johnson Wealth and Income Management is committed to helping people just like you create solutions for their retirement assets. But what some people don’t realize is his compassion and dedication for putting his clients first, and always acting in their best interests first and foremost. Here, a member of our marketing team sat down with Matthew to find out more about him, his passions and his quest for bringing a wealth of knowledge to his clients\u2026<\/p>\n
Q: Good morning, Matthew! Let\u2019s start with a bit of your background and how you came about Johnson Wealth and Income Management\u2026<\/u><\/u><\/b><\/p>\n
So my father was a financial advisor for 50 years.\u00a0 You could go as far as to say, I grew up in the business, because I literally did.\u00a0 On the weekends, my dad had me working in his office, filing, stapling and alphabetizing files.\u00a0 Fast forward to the late 1990\u2019s and my dad\u2019s health began failing because of a number of health issues, so I studied and became licensed and began taking over his business to maintain continuity of service for his clients.<\/span><\/p>\n <\/p>\n \u00a0Q: Why was it important for you to stay in Iowa and not move to a larger financial market?\u00a0<\/u><\/u><\/b><\/p>\n I\u2019ve been blessed to travel and explore many parts of our country.\u00a0 They\u2019re all beautiful and they all have something unique to offer but Iowa is where I was born and raised and where I wanted to raise my kids.\u00a0 There\u2019s something genuine about the people in Iowa and the heartland in general.\u00a0 They\u2019re hard-working and honest and somehow I think that deserves some credit.\u00a0 That deserves someone like me returning the favor and working hard for them; giving them the same opportunities those on the East and West coasts have.<\/span><\/p>\n Q: Not all of us are familiar with the word Fiduciary, and how it\u2019s different to a \u201cnormal\u201d financial advisor. Could you explain?\u00a0<\/u><\/u><\/b><\/p>\n Generally speaking, I think most financial advisors and brokers want to do good for their clients, however as society and technology has changed, it\u2019s allowed many firms and advisors to get away from the very thing that they\u2019re hired to do in the first place.\u00a0 Advise!\u00a0 Today firms and brokers have become more and more focused on selling products which has led many investors and retirees to overpay for their investments and not really receive the advice they need to solve their problem.\u00a0<\/span><\/p>\n A fiduciary is held to a higher set of standards within the financial services industry.\u00a0 Fiduciaries are typically \u201cfee-based\u201d and are required to provide advice, planning and investments which are in the clients\u2019 best interest, not that of their firm.\u00a0 This all but eliminates the conflict of interest that\u2019s involved when commissions are charged.\u00a0 Clients can have confidence knowing that their advisor is on the same side of the table as they are.\u00a0 If the client wins, the advisor wins.\u00a0 If the client loses, the advisor takes a cut in pay.<\/span><\/p>\n Q: How has financial planning changed over the years for Iowans?<\/u><\/u><\/b><\/p>\n Before we can discuss changes within the financial planning world, we need to observe the changes that have taken place<\/span><\/p>\n For most of my clients their parents and grandparents were farmers. They worked the farm and passed away on the farm.\u00a0 Today Iowa has grown and expanded; attracting industrial and technology businesses from all over, and bringing with it new opportunities.<\/span><\/p>\n The children of those farmers are no longer working on the family farm as their parents did.\u00a0 They\u2019ve explored other types of careers, reached new highs in income and have pensions, retirement plans and 401(k)s which their parents never had.<\/span><\/p>\n