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 SegmentWelcoming Josh to the showJosh shares his backgroundComing from an engineering backgroundHow he ended up within Nuclear EngineeringThe impact of coming from a military familyBeing a first-generation college student[09:44 – 18:43] Diving Deeper into Josh’s Story of Pivoting to FinanceJosh shares his experience on starting ventures in ChinaFrom nuclear engineering to tech startupTransitioning to hedge fundJosh on networking, relationships, and connections[18:44 – 30:44] The Positive Impact of Technology in the Financial IndustryThe struggles of some monolithic giant financial services companiesWhat the future might look like for these companiesHow technology has been helping smaller firmsWhy decentralization leads to more competitionHow technology and innovation has impacted the financial industryTechnology’s role in financial services’ futureThe future of alternativesBuilding relationships through podcasts and social media[30:45 – 46:26] Take This Advice If You’re Looking for a Financial AdvisorJosh talks about Woodmont Investment CounselBeing the COO of the companyWhat their company providesJosh’s advice for those looking for somebody to manage their assetsUnderstand what you’re paying in feesUnderstand how your advisor is getting paidWhat Josh thinks the future is for the industryThe role of technology and innovationDiversity in the industry[46:27 – 48:51] Closing SegmentHow you can connect with JoshClosing wordsTweetable 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 AdamsResources Mentioned:Excelsior Capital------------------------------------------------------------------------------------------Connect with Josh on LinkedIn!Connect with me:LinkedInLIKE, SUBSCRIBE, AND LEAVE US  A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.