Amy Braun-Bostich works with clients to help them find a balance between preparing for tomorrow and living exceptionally well today. Amy is a Founding Partner, CEO and Private Wealth Advisor of Braun-Bostich & Associates, a firm that provides wealth management solutions to high net worth individuals, families, and businesses. Amy formed her fee-only advisors firm based on her interest of helping others secure their financial futures objectively and transparently. The firm has a client retention rate of 98% and has helped people and businesses in 22 states. Amy’s story is an inspiration for all women entrepreneurs striving to build a happy, healthy, and wealthy life.
Meet Amy Braun-Bostich!
Tell us about your business in a few sentences: We are a fee-only financial planning practice servicing families, retirees, and pre-retired clients in 22 states. We emphasize integrity, education and creativity when working with clients. We work hard to provide peace of mind and to exceed clients’ expectations.
What do you love most about having your own business? I love helping clients be successful. I can be creative with clients and recommend whatever is in their best interest. I like having the ability to interact with all types of people. You form incredibly close relationships and bonds of trust with clients, and I am humbled by the confidence clients have in us.
What is most challenging about running a business? As a business owner, you have to wear many hats. You are an advisor, the employee, a business owner. In a small firm, everyone gets to know each other, and you become friends. It makes wearing a couple of hats more difficult.
What are some of your proudest accomplishments? I am proud of the client retention rate we have (98%) and the longevity of staff. Forming my own RIA after 27 years with a large firm was incredibly difficult and satisfying.
What are some professional risks you’ve taken that led to positive outcomes? We have purchased 3 practices over the years and have been able to provide increased service and results to the clients in those practices while providing a healthy ROI for the firm. There is a great risk in purchasing a practice and we were able to mitigate those risks and assimilate those practices well.
Where’s your favorite place to get work done? Usually, it’s my office because I’m so comfortable there, but also my dining room table works well because I can spread out.
Name three web tools you can’t live without.
Do you have any professional role models? If so, who? Michael Kitces – for his scope of knowledge, curiosity, and entrepreneurial chops.
What is the one book you would recommend other female entrepreneurs read? The E-Myth
Do you have favorite podcasts?
Are you part of any mastermind or networking groups? If so, which ones? In the past, I was with the Institute of Entrepreneurs Excellence, but currently, I am taking a break.
What does your typical day look like?
Wake up between 5 a.m. – 6 a.m.
Feed the dogs and do some chores around the house.
Read the news and check emails.
Do an Elliptical HIIT Workout.
Get dressed and drive to work.
Have client meetings, make phone calls, write a letter, etc.
Home usually by 6 p.m., on rare occurrences as late as 8 p.m.
How do you unplug from work? I read, walk, listen to podcasts, and travel. I will watch HGTV if I really need to power down.
What tips for maintaining work/life balance would you give to other businesswomen? As it relates to your time, sometimes the business wins and sometimes your family or personal life wins. Don’t feel guilty. Your priority must be you and your family, but that does not mean you cannot spend some time outside business hours working on your business. Whatever you do, do not miss the important stuff with your kids. You will regret it forever.
What is something you do every day to take care of yourself? I read every day.
What is a quote you live by? “In a world where you can be anything, be kind.” – Unknown
What investments have most helped your business grow? Technology and people. We could not survive without them.
Business-wise, where do you see yourself in 10 years? Our practice will have tripled in size and value and will be able to support 1,000 families.
What advice would you give your younger self? Do not stress. There are very few things that are worth stressing about. Do your best and it will work out. Sometimes the things you think are terrible losses end up being a gift in disguise.