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Episode 138: Celebrating Change w/ Joan Malloy

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How do you feel about change? Joan Malloy shares with Lisa in this week’s episode that having the willingness to change and adapt to the change around you can make all the difference in whether you’re successful or not. 

Bio: Joan Malloy offers a unique perspective on investment and wealth management issues, having worked with corporate executives,
business owners and multi-generational wealth holders for over 30 years. As a Chartered Financial Analyst, a CPA, and a CERTIFIED FINANCIAL PLANNER™, Joan is a successful entrepreneur with significant experience in the financial advisory world.

When discussing her work with affluent families, Joan cites her ability to actively listen as a key to her success. Her approach to assessing family wealth supplements the traditional review of financial account statements and balance sheets with consideration of the needs within the family unit (e.g. relational, governance, emotional/physical health and educational needs), as well as attention to the outward expression of the family’s values through charitable, civic, political, and religious endeavors. Ultimately, these factors shape the family’s plans why the family invests the way they do.

Joni grew up in a very small town in Illinois, working for family business doing every role in the restaurant from dishwasher to cook to waitress to hostess to manager and learning a LOT about customer service, the challenges of working for a parent, and the (not so) glamorous world of running a business!

She graduated from the University of Illinois with a BS degree in Accountancy. She began her career in the public accounting firm Price Waterhouse and, as Senior Managing Director, was instrumental in the expansion of the executive financial services business line. She joined Arthur Andersen as a partner and developed their Private Client Group to one of the firm’s top investment offices. She participated in firm investment strategy and oversight as a national investment committee member at both Price Waterhouse and Andersen.

In 2002, Joan co-founded the St. Louis Trust Company, a highly successful multi-family office which also served as a trustee for their family office clients. As a result of Malloy’s leadership and business development efforts, over the next seven years the firm tripled its client base and grew to oversee more than $2.5 billion in assets. She left the firm in 2009 and started the Greenway Family Office shortly thereafter. In November 2020 she merged Greenway, its 8 professionals serving 20 family groups with $500 million of assets with MAI Capital Management, a firm started originally by Mark McCormack, who also founded IMG sports management, for the service of professional athletes so they could focus on their main objective. The combined firm now has 200
professionals 10 billion of assets in 11 offices.

Joan has been selected five times as one of the “Top 100 U.S. Wealth Advisors” by Worth magazine. She was also honored as one of the “Most Influential St. Louisans” and top “40 Under 40” by the St. Louis Business Journal , and since 2011 has been continuously named as one of St. Louis’ Five Star Wealth Managers by St Louis Magazine.   

Joan is passionate about one’s responsibility to “pay it forward.” She is currently the president of International Women’s Forum Missouri, is a founding board member for Rooted Sisters, and serves on the Finance Council for the St Louis Science Center as well as the investment committee of the Magic House Children’s Museum. She has served on the boards of Variety, The Children’s Charity of St. Louis, where she founded and chaired the organization’s Investment Committee, while also serving on its Finance and Nominating Committees. She founded Variety’s Planned Giving Initiative, and led the establishment of an endowment fund to secure the baseline funding for medical equipment for children in need. In addition, she served in the Archdiocese of St. Louis as a member of its Finance and Investment Councils and has served on the Planned Giving Council.

Married and a mother of two daughters, Joan was actively involved in the National Charity League, a mother/daughter service organization. In addition to her professional responsibilities and civic activities, Malloy is a member and past leader within the Young Presidents’ Organization, where she is blessed to have met Lisa Nichols, who helped save her life!

Joan’s Something Extra: Being able to navigate and manage change is key. Our environment is continually changing, so having a willingness to change along with it can make the difference in being successful or not. 

Links and Mentions:
Rooted Sisters

Credits:
– Lisa Nichols, Host
– Scott Crosby, Executive Producer
– Daniel Williams, Recording Engineer

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