Capital Club How Innovation Will Positively Impact the Future of Wealth Mangagement with Joshua Ireland
Welcome back to the Colloquium Podcast! In this episode, I welcome Joshua Ireland! Joshua is a reformed engineer and has spent the last decade and a half operating between startups and finance. He currently serves as COO of Woodmont Investment Counsel, a Nashville-based RIA with a little over $1 billion in assets.
In this episode, Josh talks about how technology and innovation have made a positive impact on the financial services industry and why it will continue to. He shares with us his journey of transitioning from nuclear engineering to tech startup to hedge funds. Josh also shares his thoughts on networking, finding financial advisors, and diversity in the industry. Join us and listen in!
[00:01 – 09:43] Opening Segment
- Welcoming Josh to the show
- Josh shares his background
- Coming from an engineering background
- How he ended up within Nuclear Engineering
- The impact of coming from a military family
- Being a first-generation college student
[09:44 – 18:43] Diving Deeper into Josh’s Story of Pivoting to Finance
- Josh shares his experience on starting ventures in China
- From nuclear engineering to tech startup
- Transitioning to hedge fund
- Josh on networking, relationships, and connections
[18:44 – 30:44] The Positive Impact of Technology in the Financial Industry
- The struggles of some monolithic giant financial services companies
- What the future might look like for these companies
- How technology has been helping smaller firms
- Why decentralization leads to more competition
- How technology and innovation has impacted the financial industry
- Technology’s role in financial services’ future
- The future of alternatives
- Building relationships through podcasts and social media
[30:45 – 46:26] Take This Advice If You’re Looking for a Financial Advisor
- Josh talks about Woodmont Investment Counsel
- Being the COO of the company
- What their company provides
- Josh’s advice for those looking for somebody to manage their assets
- Understand what you’re paying in fees
- Understand how your advisor is getting paid
- What Josh thinks the future is for the industry
- The role of technology and innovation
- Diversity in the industry
[46:27 – 48:51] Closing Segment
- How you can connect with Josh
- Closing words
Tweetable Quotes
“The people who are successful or have become successful are rarely there because they pick themselves up by their bootstraps and did it all without help from anybody else. That was something that I had to learn.” - Joshua Ireland
“We are the product of the people that we surround ourselves with oftentimes, and people do open the door, but you've got to step through it.” - Brian Adams
Resources Mentioned:
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