Ryan & Associates
Shannon Ryan, Financial Advisor/President
Photographed By Remy Haynes and Wendy Saade
2447 PCH, Suite 215 in Hermosa Beach, 424-212-4939, ameripriseadvisors.com/shannon.t.ryan
Shannon Ryan’s father, a successful surgeon, taught her how to manage money at an early age, and it became a passion for her. She became a financial advisor 19 years ago. Shannon is now an independent certified financial advisor running a private practice, Ryan and Associates–a financial advisory practice of Ameriprise Financial Services, Inc. Earlier in her career, Shannon was a media representative for American Express Financial Advisors, appearing as an expert on Good Morning America, PBS, CNBC and many radio talk shows. She worked as the vice president for Ameriprise, coaching and leading more than 350 advisors. She then returned to private practice to be closer to home and her growing family.
What’s one trend that is changing the financial industry today?
“Retirement income. As the Baby Boomers start to retire, they are faced with creating a retirement income stream from their accumulated assets in volatile markets. Creating a stream of income to replace the paycheck they were earning requires strategy that considers volatile markets, taxes and risk tolerance.”
What is the biggest benefit your clients gain from working with you?
“Peace of mind. Wealth can complicate your life; even the most complex financial issues can be handled successfully with an experienced advisor. Creating a financial strategy gives my clients the peace of mind that they are making the best financial decisions for their family.”
What is your best piece of investment advice?
“Know what you own. Most of us become investors the day we start contributing to a 401(k), but we tend to forget about it. Our hard-earned money continues to go in, we rarely revisit our allocation or exposure to various asset classes. We mainly concern ourselves with how much money we have earned or lost. Unless someone is working with a professional financial advisor, I rarely see all investments considered and rebalanced every year. This may not seem like a big deal, but too often we inadvertently expose ourselves to greater risk than we intended. The best opportunity to reach your goals will be attained by rebalancing your portfolio as needed, according to your risk tolerance and when you are going to spend the money. It all starts by knowing what you own.”