Ty Young’s Lessons from Building One of the Top Wealth Management Firms – Grit Daily

Building a successful company isn’t easy. It takes lots of focus, hard work, and determination to realize long-term goals and build a profitable organization. 

Often, business owners struggle in their early years. This is the time when the foundation for a well-performing organization is built. Those who find their footing and are able to build profitable revenue streams, retain customers, and build strong vendor relationships will scale over time. 

Some of the biggest challenges when building a business include developing a niche, finding an appropriate marketing strategy, and attracting customers. Business owners who are able to create a strong operational strategy will see the rewards of their hard work for years to come. 

Ty Young, the founder of one of the country’s top wealth management firms, Ty J. Young Wealth Management, knows the struggles that face a growing business and has spent years honing his skills as an entrepreneur.

From a young age, Ty was determined to build a successful wealth management business. He did everything in his power to attract customers and provide insight into personal finance management through the use of seminars and strategic marketing.

Today, Ty J. Young is a highly successful wealth manager with over 7,000 clients. His firm successfully manages an impressive $1B in assets, and it continues to grow. The strategy and niche that he’s found involve ensuring that individuals have the money they need to retire. 

He stays away from high-growth finance tools and instead prefers to play it safe, keeping his clients’ assets protected from severe market downturns. Learn more about Ty J. Young’s success and business strategies in our exclusive interview.

GritDaily: When did you start Ty J. Young Wealth Management and what did the early days look like?

Ty Young: Ty J. Young Wealth Management was founded in 1998. In the early days we ran the business out of our garage in Woodstock. We practiced seminars in that same garage even with little children at home. Eventually, we ran seminars in libraries, then community centers, eventually leading to churches and then restaurants.

Our marketing consisted of flyers on cars in the Walmart parking lot. We did anything and everything to be successful, as long as it was moral and ethical. It was incredibly difficult, and we worked very hard.

We failed over and over and over again, but we learned from those failures and became better incrementally over time.

Twenty-four years later, we manage over $1B in assets on behalf of around 7,000 clients. God has been good to us! 

GD: How did you carve out a niche for yourself in what is often a competitive market?</…….

Source: https://gritdaily.com/ty-young-lessons-from-building-one-of-the-top-wealth-management-firms/