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Allocate Podcast

Unlocking Financial Success: How Earned Wealth is Changing the Game for Doctors with John Clendening of Earned Wealth

Feb 5, 2025
41:54

Welcome to the Allocate Podcast, an interview and educational content series to help investors learn and navigate investing in alternatives. Join us to hear from leading founders, fund managers, and allocators on the latest trends and the keys to successfully participating in the private markets.

In this episode of the Allocate Podcast, host Samir Kaji chats with John Clendening, CEO and Co-Founder of Earned Wealth, a tech-driven wealth advisory firm for doctors and dentists. They discuss the modernization of wealth management, emphasizing personalized services enhanced by technology. John explains the founding of Earned Wealth, highlighting the unique financial challenges faced by medical professionals and the importance of niche focus. The conversation covers the role of technology in improving client experience and advisor efficiency, the impact of AI, evolving investment strategies, the future of wealth management, and so much more.

About John Clendening

John Clendening is the Founder and CEO of Earned Wealth, a tech-enabled financial services firm dedicated to addressing the unique financial needs of medical professionals.

With over two decades of experience in financial services, John has held several prominent leadership roles. He served as President and CEO of Blucora, a publicly traded technology-driven financial services firm, where he led the company to double-digit annual growth in revenue and profitability.

Prior to Blucora, John spent over a decade at Charles Schwab, serving as President and co-Head of the U.S. and International retail division, and as CEO of Charles Schwab Bank. He also held senior roles at eMac Digital, First Union Bank, Wells Fargo, and The Coca-Cola Company. John earned his MBA from Harvard Business School and a BA in Economics from Northwestern University.

Topics in this conversation include:

* John's Background and Career Journey (1:10)

* Founding Earned Wealth (3:33)

* Challenges in Wealth Management (8:12)

* Technology's Role in Personalization (12:35)

* Investment Strategies and Alternatives (17:01)

* Creating a Unique RA (21:12)

* Differentiation Strategies (24:18)

* Growth Capital and Acquisitions (27:51)

* Technology Adoption Challenges (32:31)

* Impact of AI on Wealth Management (35:34)

* Importance of Human Relationships in Wealth Management (37:00)

* Final Thoughts and Takeaways (41:05)

Discloser

The information on this page constitutes market commentary and is provided by Allocate Management Company, LLC, any of its affiliates or any of its or their affiliates, directors, officers, employees or advisers (collectively referred to herein as “Allocate”) for informational purposes only.

Any opinions, assumptions, assessments, statements or the like (collectively, “Statements”) regarding market condition, future events or which are forward-looking, including Statements about investment processes, investment objectives, goals, risk management techniques, views of possible future outcomes in any investment asset class or market, or of possible future economic developments, constitute only market commentary based on the subjective views, beliefs, outlooks, forecasts, projections, estimations or intentions of Allocate, should not be relied on, are subject to change. Although Allocate believes that the expectations reflected in the Statements are reasonable, no representation is made or assurance given that such Statements are correct or that the objectives of an investment product or service will be achieved or that investors will receive a return of their capital or will not sustain losses. All investments involve risks and uncertainties, as disclosed in the applicable offering documents. Allocate undertakes no responsibility or obligation to revise or update any Statements. Statements expressed herein may not be shared by all personnel of Allocate. This page and the Statements are not intended as investment advice or recommendations by Allocate. It is Allocate’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client.

This page and Statements may contain or are based on third-party sources that, although believed to be reliable, have not been independently verified. Market and investment views of third parties presented herein do not necessarily reflect the views of Allocate. All such information is as of the date indicated, if indicated, may not be complete, is subject to change. All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

Past performance is not indicative of future results.



This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit joinallocate.substack.com

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