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Challenges, Additions and Optimism: Where Walkner Condon is Going

Challenges, Additions and Optimism: Where Walkner Condon is Going

The story of 2020 is yet to be over, but it will be a year that will never be forgotten. We have faced some of the greatest challenges as a company, namely the battle that the co-founder of our namesake, Nate Condon, has undertaken. As his winding road towards recovery has taken its twists and turns, we are happy to report that he has improved from a rather grave position just a short six weeks ago to improving metrics and hopefulness that a serious but necessary surgery will finally be the answer to long-term health. There is one major surgery in Nate’s future that is expected to ultimately get him better, and we anticipate a full recovery.

We will have answers in the next couple of months on how long this journey will take, but his strength and resolve have been awe-inspiring. And speaking of awe-inspiring, the way Sylina, Nate’s wife, has taken on the role of full-time caregiver during this process has been the most incredible example of true, selfless love and devotion. Nothing reveals the core of a person or a relationship like these types of sudden, life-changing events, and the whole Condon family has proven to be solid as a rock. The Walkner Condon team is certainly happy to have our rock back, as Nate’s strength and nutrition has improved, and he has been able to become involved again in our weekly meetings. 

Despite these unforeseen challenges, we still have a job to do. Jon, Mitch, and Keith have thrived under the virtual meeting environment, and we have collectively worked to enhance the client experience through technology. Each day as clients become more adjusted to the nuances of working together online, the process gets easier to navigate and more personal. We have recently purchased software that will further assist us in gathering and sharing personalized data with secure document sharing. This will also help us conduct our strategy meetings through a more efficient way by getting updated client information prior to our appointment. 

In late August, we had another unforeseen development when Stan Farmer and Syl Michelin began discussions about joining us as financial advisors. It was a natural fit with Keith previously working with these two talented individuals. And, at the two months+ mark of tenure, we can report that they are indeed excellent at what they do, as well as great fits for the “comfortably unique” office culture we all enjoy so much. And we would be remiss to not mention Hannah’s contributions during this time, as she has been instrumental in Stan and Syl’s success in onboarding. Her positive attitude and ability to offer a trusted perspective on many topics is invaluable. 

The interesting thing about change is that it is unyielding and unrepentant, but it is your choice whether to embrace it or allow it to become a barrier to true progress. Even “good” change can be a painfully uneven experience, but regardless of what iteration of change you face, it forces you to look inward and accept your own limitations. For me, it is the understanding that I cannot be all things to all people, and that I will simply never be good at all things. Even things I enjoy doing, I realize that a true specialist is far better suited for than someone that dabbles. 

Resultantly, two new employees have recently joined us and we will be embarking on a new venture with the goal of expanding our service level to our clients. Dan Corcoran, marketing and social media specialist, was added to our team with the goal of telling our story and increasing our engagement and communication. We believe that being “comfortably unique” is our secret sauce, and adding staff that can help us get this message out is incredibly valuable.

Next, Anna Lautenbach is a highly credentialed financial advisor that will also be assisting us with compliance responsibilities. She also will be partnering with us to establish tax services as a new entity. We believe that we can offer the same customized, friendly experience on the tax consulting and preparation side to compliment our investment management and financial planning services to both Wisconsin-based and U.S. expat clients. We intend on carrying forward our prompt response time and ease of doing business, and offering clear and concise advice from Walkner Condon Financial Advisors to Walkner Condon Tax Services.

On behalf of the partners, Nate and Jon, we look forward with optimistic eyes and hearts. We are humbled by our clients’ genuine care for us as a group. We exist because of all of you, and we will tirelessly strive to make your experience with comprehensive wealth management an exemplary one.

The future is bright.

Clint Walkner

The Slow Pace of Fast Change in a Post-COVID World

The Slow Pace of Fast Change in a Post-COVID World

One of my favorite (perhaps apochryphal) quotes comes from the French novelist Gustav Flaubert who, while surveying Paris during the Franco-Prussian War of 1871 declared, “After all of this, we will still be stupid.” And while Flaubert’s view of human nature is perhaps slightly more negative than mine, I do think that one of the things at which we excel as a species is overstating the long term effects of recent or current events.  

That quote came to mind when I saw this morning’s headline from the Wall Street Journal: “Europe Lease Deals Suggest Traditional Office Will Endure in Post-Covid World.” The assumption at work in this headline is that a universally accepted truth in a post-COVID world has been that real estate rentals were going to take a hit, as businesses would all shift to work from home via Zoom and the various other productivity apps that link us. However, as this article suggests, the shift away from traditional offices to full-time remote working will likely not happen overnight.  

We have seen a sharp decline in travel in this pandemic, since even in the best circumstances, airplanes tend to be petri dishes of disease. However, this is not the first time that the industry has faced an existential crisis. Recall the predictions about the industry’s demise during the climate of fear immediately after 9/11. Students of history will remember that not two months later, a plane crashed outside of New York City, and, in December of 2001, the infamous shoe bomber was also arrested, compounding the fear of flying that was already in the atmosphere. Similarly, in an article in the Financial Times, airline experts believe that the industry will change– more point-to-point flights, perhaps fewer giant planes– but that ultimately, according to former head of British Airways Sir Rod Eddington, “if we get a vaccine, people will be back to normal in a year.”

None of this is to say change won’t happen– perhaps men will start washing their hands after going to the bathroom more— but the changes will be more subtle and less dramatic than we think. And, like taking our shoes off when we board airplanes, they will likely soon become the new normal.  

Perhaps the greatest confirmation of the fact that the ways of the world will be slow to change is that I, who passionately embraced working from home (almost as much as my dog), am writing this to you from our office on the corner of Glenway and Monroe.    

 

Keith Poniewaz