Meet the Team: Cole DeLucas
Interview By: Mila Lavoie
This Summer, we have had the pleasure of welcoming several new members to our Financial Planning Team. One of those team members is Cole DeLucas who joined the firm as a Financial Planning Resident in our Vienna, Virginia office. Does this name sound familiar? It may – Cole was an intern at the firm last Summer! Today, we are pleased to re-introduce you to Cole DeLucas who graduated from Virginia Tech’s CFP Board Certified Program this May. In the following interview, we reconnect with Cole to learn more about his goals as a Financial Planning Resident and his thoughts on how his internship prepared him for the next three years at Yeske Buie.
In your role as Financial Planning Resident, how do you assist Yeske Buie’s Clients?
First and foremost, I see myself as being a helping hand, directly assisting our financial planners with whatever they may need and being that second set of eyes. I am really focused not just on the numbers side of things, but also getting to know our Clients personally so that I can better organize the information I give to the financial planner. I intentionally try to be mindful of our work in the moment, like when we may be getting off track, and be empathetic to the Client’s emotions and needs.
How did being a Financial Planning Intern with Yeske Buie prepare you for your role as a Financial Planning Resident with Yeske Buie and what are the differences?
I feel that being an intern with Yeske Buie prior to starting my term as a Resident gave me an appreciation for the importance of having patience and the purpose of the work we do in this profession. Coming in as an Intern last summer was, admittedly, overwhelming and scary. But, after spending an entire summer with this team, I have so much confidence that Yeske Buie is here for me as a Resident to act as my helping hand in every task or project I take on.
As for the differences, I am very much looking forward to working on Annual Updates for Clients as I did not have the opportunity to experience that in my internship because I was only at the firm for three months. I think our long-term Client relationships are what make this firm and the work we do so special and I am looking forward to participating in the analysis and meetings that go along with this process.
What aspect of Financial Planning intrigues you the most and why?
Technically speaking, I find that the education and retirement side of financial planning intrigues me most. Both of these topics can be tricky to plan for because you never know what the future may hold, but I find that putting together the “puzzle” of a Client’s retirement projections, for example, can be very rewarding. On the education side of things, I think it is important to be aware of all the different situations that are possible and communicate those to the Client so that we can assist them in making the best possible decision for their unique situation. Education planning and student loans can be a sensitive topic but being able to relive some of a Client’s burden by talking to them about how to pay off loans and take care of their debt is gratifying.
In practice, I really enjoy the relationship building process of financial planning. Watching a relationship grow from a Client’s initial call, to the entire on-boarding experience, and then assisting with building their financial plan is such an honor to be a part of. This process can be an extremely stressful time but the reward of watching the relationship between the Client and their financial planner shape and grow is very special.
What is your first memory of Financial Planning?
When I was younger, my father told me that no one would ever trust me with their money if I couldn’t manage my own. Having this message instilled in me at a young age is actually what pushed me into this profession! His advice has stuck with me over the years and I aim to implement the good spending and saving habits that I’ve learned throughout my studies. This memory also helps me to keep a forward-thinking mentality; I focus on planning for what may come both personally and professionally.
What impact do you hope to make at Yeske Buie and in the Financial Planning profession?
At Yeske Buie, I hope to make in impact in the lives of our Clients. I want to discover what their passions are and what truly motivates them and use that information to prepare financial plans and analysis that help them achieve their goals. I feel that the healthy, intentional structure at the firm will allow me as a Resident to have the experience of looking not just at the surface level of our Clients’ lives and financial plans, but also to dive deeper and for this I am very grateful.
Outside of our Clients, one of my goals over the next three years is to build authentic relationships with every Yeske Buie team member. I want to be remembered as the guy that showed up every day with a positive voice, a glass-half-full mentality, and an ability to find innovative solutions to any issue that arises.
Finally, I want to be a loud voice in this profession. I don’t want to just sit around as a by-stander. I hope to develop into a person people can trust and a role model to the younger generation of financial planners, the way Yusuf was for me.
What Yeske Buie worldview aligns with you most and why?
I would say the Live Big worldview aligns with me most. I experienced a near-fatal spinal cord injury in 9th grade which changed the way that I view life. I try not to take any moment for granted and cherish all that I have been blessed with. I think it is important to use the resources around me to chase my passion because I have learned that what is there today, may not be there tomorrow.
What do you enjoy doing when you aren’t working?
I am an avid golfer and when I am not working you can find me on the course. I have joined a local, public course and I look forward to spending time hitting balls. I enjoy golf because I find it to be a relaxing sport and a great way to forget your stress and have some personal time. I also enjoy watching college sports, spending time with my family, and exploring new cultures.