My Favorite Mistake: Business Lessons from Failures and Success Getting Burned Out From Doing it All Herself: Pam Hopman (with New Introduction and Context as of Nov 2022)
Financial advisor and CEO of The Hopman Group
UPDATE (November 2022): The links to Pam's LinkedIn page and her business website no longer work. It was called to my attention that Pam is under investigation for allegedly recommending an investment that has been described as a “Ponzi scheme” in a news report and law firm websites.
“I have been told many times, now it’s a lost cause,” Bryant said. “I will never see that $95,000 again.”
Bryant said she trusted Tucson financial advisor Pamela Hopman of PGH Advisors and the Hopman Group with her money. She said it was Hopman who invested her money into Deeproot in 2019.
Bryant said she believes Hopman should have done better research on the investment.
Bryant has not yet filed a lawsuit against Hopman. She shared a letter with the N4T Investigators from Hopman’s attorneys saying Hopman lost a significant amount of money herself to Deeproot. The letter urged Bryant to join them in going after Deeproot, instead of suing Hopman.“
She is not alleged to be the mastermind of the “Ponzi scheme,” but the allegations are that she made a bad recommendation to herself and others, a mistake, it seems. Here is the lawsuit filed against the creators of Deeproot.
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Show notes: https://www.markgraban.com/mistake46
My guest for Episode #46 is Pam Hopman, founder of The Hopman Group, a financial advisory firm based in Tucson. Pam has over 20 years of experience working as a financial advisor, with comprehensive knowledge of strategies for retirement income planning, wealth preservation, and estate planning. She holds the designation of Chartered Retirement Planning Counselor from the College of Financial Planning.
Pam is the host of the Empower U Podcast and she recently launched her financial mastermind group called The Money Thing (formerly called Conversations Over Wine and Chocolate).
In today's episode, Pam talks about how she owned a practice with multiple offices, but got burned out — she was trying to do it all. She sold the practice and took a marketing job. This turned out to be a mistake, as the first year was great, but the second year was a “nightmare.” Learn how Pam wishes she had been coached through the challenges with that first practice and how having a coach has helped her prevent repeating mistakes in her new practice.
We also talk about financial planning mistakes and we learn we have a shared belief in the power of “baby steps” (hear Mark's podcast with psychologist Robert Maurer on that).
Enter to win books and other items produced by other “My Favorite Mistake” guests.
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