My Why- Mike Bennitt
Why and I doing this?
It always has been and always will be my job as a financial advisor to look at every aspect of an individual’s financial situation and take what they have and give them OPTIONS and CHOICES for the future. Although America is the most “wealthy” in the world, most Americans have no “options” at retirement…a travesty. With so MUCH information available and so many advisors, how is it possible to fail in this country? Answer: without a plan, the people perish.
Over the past 32 years, I’ve had a countless number of ministers, pastors and missionaries come to me asking for help. In most cases, it was because the organization that was providing their retirement plan wasn’t providing the help they needed, and sometimes because their financial advisors didn’t really understand how to navigate the nuances and maximize the benefits in minister and pastor pay.
It is my personal belief that the highest calling in the financial services business is that of serving people who have given their very lives for the sake of the gospel. Those people both in ministry and/or who lead churches carry the burden of the many lives they serve, but additionally the many aspects of leadership and management and the “business” of a church. Church leaders are required to manage “congregational” relationships while making personal and family decisions that could affect those very relationships adversely if not handled correctly. When it comes to their personal affairs, they walk a fine line between maintaining the privacy they need and getting the help they deserve. So finding the right mix of experience, confidentiality, and an accurate understanding of how a pastor’s pay and future retirement work can be challenging. Most advisors in a church fail at one or more of these essential traits…the most important being confidential handling of private information. Much like the story of the battle in Exodus 17 where Aaron and Hur held up Moses’ arms and the battle was won; we come beside a minister to hold up their financial arms while they fight the other battles that they are CALLED to fight and win.
This leads to our “why”…my “why” is that I believe that people in ministry DESERVE the best.
They deserve the best help from EACH of the following:
1) from advisors who HAVE the experience,
2) from advisors who UNDERSTAND how people in ministry are paid and the nuances of their pay,
3) From advisors who are versed on the IRS code and specialize in helping define it accurately, and
4) From Advisors who will be a SAFE PLACE for pastors to discuss classified personal information 5) Additionally, they DESERVE to have advisors who will steward the information in a way that is pleasing to a pastor and healthy for their entire church.
As such, I sold the investment and financial planning business I had built to serve the ministry community and focus my 32 years of experience and education in the interest of making a difference for God’s chosen leaders.
Check the background of these investment professionals on FINRA’s BrokerCheck