(Rhonda Ducote) We always talk about our tagline 

“significance beyond success”. 

 

I think that that is different 

for every single person because everybody 

 

every single person’s 

definition of success is different. 

 

(Joshua Garland) Hello Apriem family and welcome 

to episode nine of Apriem Financial Cents. 

 

Now, while this is technically 

the ninth episode of our Apriem 

 

Financial Cents series, it’s actually 

the first time that we are replacing 

 

our traditional monthly live webinar 

with this prerecorded format. 

 

We’re looking to do this 

kind of moving forward. 

 

We think we can bring you better quality 

content this way. 

 

Sound quality is good, video 

quality is good. 

 

We’re not to worry about Internet cutting 

out and or anything along those lines. 

 

And so on top of that, 

we’re also considering starting a podcast 

 

and so what we’ve done is about halfway 

through this particular recording, 

 

we switched to an all audio only format 

just trying things out. 

 

So let us know what you think. 

Personally, I really enjoy the audio only format. 

 

You know, if I’m at home and I’m washing 

dishes or I’m folding laundry, 

 

I can just put my headphones in and I can just listen 

and I can pause it and come back later. 

 

So anyway, that’s not for me to decide, though. 

That’s for you to decide. So you tell us what you think 

 

and if you enjoy the audio only version, 

we can move towards that version only. 

 

Or if you enjoy having the video, we can keep that going as well. 

So let us know your thoughts. 

 

With all that said, please enjoy this episode when I get to sit  

with our president, Rhonda Ducote, and we unpack who Apriem Advisors is. 

 

After celebrating its 25 year anniversary. 

I mean, if you were to go back to the start, 

 

when you started, when you came on board, 

you know, and think through the years, 

 

what would be some of those key milestones that you would focus on 

if you’re telling the story? 

 

(Rhonda Ducote) Yeah, 

I think that’s a great place to start. 

 

Of course, Mark Iwamoto and Harmon Kong founded 

Apriem back in 1998. I joined in the year 2000. 

 

I met Mark & Harmon at Fidelity Investments 

in my early twenties. 

 

And,  

Harmon’s dream was always to, 

 

you know, get back to the basics, 

take the corporate structure and agendas away 

 

from what we do here today at Apriem. 

And so the dream was to sit across the table from our clients 

 

and dedicate 100% of our time, 

helping them and serving them and educating them on financial freedom. 

 

And that’s really the premise of why 

I joined them back in the year 2000. 

 

And, as I look backwards, this is our 25th anniversary. 

And I’m very proud of that. 

 

It’s a long way. 

A long way to come. 

 

And it doesn’t seem like 25 years. 

Because it’s been fun. 

 

You know, 

we really enjoy what we do.  

 

I think when you work for a large 

corporation, you get caught up in, just how big and always.  

 

Harmon and I laugh all the time going, 

less is more. And that’s exactly what we did. 

 

More isn’t more meaning more clients, 

more corporate agendas, more corporate events. 

 

Having a smaller company and really dedicating 

our entire being around, helping our clients 

 

and educating them on their financial plan 

and understanding what they own 

 

and why they own 

it sure has been really important. 

 

(Joshua Garland) So if you don’t mind my asking. 

 

So I think that  a lot of folks 

that will watch watch this. 

 

They don’t they don’t necessarily know 

the industry like us. 

 

So I know what you mean when you’re 

saying, you know, it’s different. 

 

But why couldn’t  

you guys do that where you were like, 

 

why did you have to start a different company 

to be to be able to do that in general? 

 

(Rhonda Ducote) Yeah, when you work for a big company, 

 

which Fidelity was a great training ground, I mean, it’s a fantastic company. 

 

they do a really great job for the masses. What they do is,  

they have buckets they need to fill to continue to be profitable. 

 

You know, so again, more is more. 

And so, you were continuously trying. 

 

When I left, I probably was working with in excess 

of 350 people by myself and not having a lot of resources. 

 

Yeah, I was completely responsible for, 

contacting them, making sure that they were happy 

 

and they were getting what they needed. 

But we didn’t have the autonomy to dig deep.  

 

We didn’t have the capabilities 

to spend the amount of time that it takes to, do a financial plan 

 

to educate clients on asset allocation, 

diversification, risk tolerance. 

 

It was really just making sure that they stayed at Fidelity 

and we were required to bring in more clients. 

 

That was that was our goal. 

And there’s nothing wrong with that. It’s just time.  

 

And so that was really Mark and Harmon’s vision was to, 

as I mentioned, get back to the basics,  

 

bringing client sit across the desk with,  

and spend the time needed to understand 

 

and really get to know their family 

and their family dynamics and 

 

how we can assist them because everybody’s 

different every quite different. 

 

And how can you get to know them when you’re traveling? 

Just constantly. Constantly dialing and, 

 

you know, and making sure that, 

you know, more dollars were coming in. 

 

And that’s really not what we’re about here. 

I do think that,  

 

who we serve are people who really want 

to take charge of their own financial landscape and build upon it. 

 

And so we’ve seen over the last 25 years 

people who have been in the work place 

 

or just starting in the workplace, 

business owners, self-employed 

 

individuals, and we’ve see them 

as you talk about these milestones, 

 

we’ve seen them accomplish 

what we set out to do 25 years ago. 

 

So we’ve seen clients go from working 60 hours a week, 

contributing to their 401(k)’s 

 

or their Roth IRAs  

or their brokerage investment accounts. 

 

And to see them actually retire and fulfill 

that dream of having financial success. 

 

We always talk about our tagline 

“significance beyond success”. 

 

I think that that is different for every single person because 

every single person’s definition of success is different. 

 

And what makes that significant, Right. 

Is it philanthropic means? 

 

Is it taking care of their children or 

grandchildren and leaving a legacy behind? 

 

And so we really try to dig in 

when we first meet a prospective client. 

 

You know what? What is success to you?  

What is what will make your life significant at the end of your life? 

 

And everybody has different goals and dreams. 

And you’re not able to do that in a large company  

 

because it takes too much time to understand each person  

 

And we take pride here and you as well 

And really getting to know our clients and their families 

 

and their kids and their kids, kids  

and their brothers and sisters, aunts and uncles. I’m very proud of that.  

 

(Joshua Garland) It’s funny because, as you’re saying, 

it makes me think of Landon (Yoshida). And Harmon as well.  

 

And I mean, I think most of us 

here at the firm, when we when we sit 

 

with somebody,  

we give them the time. 

 

If you were at one of these other 

large firms and it’s not just fidelity, right? 

 

It’s the industry as a whole. 

 

But I mean, how is a two hour 

or two and a half hour or a three 

 

hour long meeting perceived across the rest of the industry 

where I feel like here it’s about taking care of those individuals 

 

and bringing people into that dream family.  

I think that that’s key. 

 

I look at where we were 25 years ago, 

where we had maybe a dozen clients. 

 

which to me is it’s 

so incredibly rewarding. 

 

As not just an employee, but part of the management team here  

to see what we what we’ve been able to do. 

 

And we have an incredible staff who is like family. 

And your family is my family. 

 

And I think that you’d be one of the first people to say, 

Joshua, that that’s what we say to our clients. 

 

You know, we treat you like family. 

You’re part of our Apriem family now. 

 

And that’s very important to us. 

And we take pride in making sure that just treat them like you would your own family. 

 

And that’s really the basics. I mean, that is completely 100%  

of what we did 25 years ago and what we’re still doing today. 

 

(Joshua Garland) It makes me think of, 

like, company culture. Yes. 

 

And I feel like it gets thrown around a lot. 

If you get interviewed or anybody’s talked about something, 

 

it’s always about culture,  

culture, culture. 

 

I think that company culture 

is really trickled down from the top, 

 

from you and Harmon and Mark, Ben 

and Landon, all the leadership at the top. 

 

You guys do an amazing job of leading by example. 

But in your mind,  

 

So there’s what everyone sees Apriem as. 

What do you know, what do you picture 

 

what do you want Apriem culture 

to be what you want people to view it as? 

 

Because I think it’s trickling down 

and being pushed through the rest of us. 

 

(Rhonda Ducote) Yeah, I think it’s a lot of what 

we were just talking about. 

 

And you’re right, 

I think in today’s society and 

 

and with the millennial generation, 

it’s all about corporate culture, right? 

 

And again,  

a lot of different definitions of that. 

 

And, you know, we use the word 

Ohana around here a lot, which means 

 

family in Hawaiian.  As long as we   

treat people like family, then, the culture creates itself. 

 

Do unto others.  

Them do unto you. 

 

And I think that that’s really where 

we’ve started to work. 

 

Make sure that first and foremost, we have 

a quality staff who understands what we’re trying to achieve, 

 

and that is making sure that we’re here for our clients. 

So, my three priorities when I think about culture, is 

 

do we have the right clients? 

Because we’re not for everyone.  

 

But we’re going to be for many 

who are looking for that type of relationship. 

 

I look back to several of my clients 

who have been with me since the very beginning, and they are like family. 

 

And every employee that we hire, 

we look for that type of quality in them. 

 

Are you going to… it’s not just 

about a paycheck or bonuses or 

 

what benefits you’re going to get, 

Are you that type of caring person 

 

that has that type of integrity 

to fulfill our clients goals? 

 

And you’re going to be there for them.  

Sometimes it’s on the weekends and sometimes it’s at night. 

 

Sometimes it’s in the middle of the night. 

Sometimes you’re on vacation. 

 

 

And I was in Europe this this past year and a client called 

and I was happy to talk to them because they were going through a difficult time. 

 

And that’s when I look 

at everyone here from our operations staff 

 

with Shawn Covarrubias heading 

that to our financial planning team 

 

with Chris Whitaker, which you’re 

a part of as one of my wealth managers, 

 

and then the trading team or investment team. 

Are they looking out for the best interests of our clients 

 

and are we doing the very best job 

we can do on a day to day basis and giving 150%?  

 

I know that I’ve achieved success when I hear the stories, when we talk 

about them in our team meetings every week 

 

about the conversations that are being had. 

You mentioned Landon and, unfortunately, 

 

we do lose clients every year they pass, 

 

and our biggest compliment is to be included in in those services. 

 

We’ve all at one point in time, 

I know Harmon has and I have 

 

Landon has spoken at our clients 

funerals, you know, and done the eulogy. And it’s a great privilege and honor. 

 

When you get asked by a family member, would you please say something  

about my loved one? Because that’s how close you were to them. 

 

Or when you get invited to a bar mitzvah  

or if you get invited to a wedding. 

 

 

It’s been you know, that’s when I know we’ve achieved that culture. 

Becoming family with our clients. 

 

(Joshua Garland) It’s funny because a couple of things 

stand out to me. 

 

So you mentioned being on vacation, 

getting a call from a client, being happy to take the call, 

 

and you’re talking about something 

difficult that’s happening in their life 

 

and that comes back to that whole concept 

of Ohana and family and the fact that, our clients are our family 

 

and we want them to be treated 

and to feel like family, because 

 

when you’re on vacation, who do you want to talk to? 

you want to talk to family and it becomes okay. 

 

So that would be number one.  

Number two, I think that everything you’re talking about, 

 

it all comes back to what is the point 

of being a registered investment advisor? 

 

Were Fiduciaries.  And our job is to to act in the best interest of our clients, 

which is what you do for your family. 

 

So I think it’s interesting 

the way it’s all kind of interwoven. One piece together. 

 

I think that gives us a good update of our culture, 

how we’ve gotten to where we’re at. 

 

any obstacles along the way that stand out to you? 

Let’s say you’re a young financial advisor. 

 

You want to start your own IRA or something along those lines. 

I don’t know how many listeners are out there that do that, 

 

but I think that even our clients would be interested to know,  

what kind of obstacles did you face along the way? 

 

(Rhonda Ducote) I think that’s a great question, 

and there’s been many  

 

it definitely has been rewarding, 

but there’s been challenges. 

 

I think back to I started in the year 2000. 

That was a challenge. it was Y2K If you remember that. 

 

And it also was the beginning of the technology crises. 

Back in 2001 and 2002, not to mention 9/11. 

 

 

And you’re dealing with market volatility. 

We were coming out of the nineties, a great bull market, right. 

 

And then we headed right into one of the most devastating. 

They call it the tech wreck for a reason. 

 

 

When I was working at the large company, 

I remember clients coming in just wanting the hottest mutual fund 

 

because they were making 200% and they were hearing it on the news. 

It’s crazy. And all this money was flowing into all of these tech companies. 

 

And you couldn’t I couldn’t get anyone to really pay attention to me about, 

hey, how about some bonds just for some safety? 

 

And how about asset allocation 

and a little bit of diversification. 

 

And nobody wanted it because they wanted the quick fix. 

And that’s probably our biggest challenge is  

 

Getting our clients that we serve to to understand what their allocation 

should be to stocks, to bonds, to to cash, emergency funds, 

 

how much they should have 

in each of those buckets. 

 

So, I think the early 2000s  

were a big challenge. 

 

When the market was down 

60%, 70%, 80%, some stocks were down 90%. 

 

(Joshua Garland) And it just tracked on 

for a number of years.  

 

(Rhonda Ducote) Thousand and two was the worst of the lot. 

 

And everybody thought it was, again, 

after 9/11, this tragedy in our country. 

 

So you had a lot of emotions. 

And I do think that that’s what we do really well, too, is 

 

we have to listen to people, understand 

what emotions they’re 

 

feeling at the time because the markets 

are very psychological. 

 

And sometimes I think of us as almost like 

therapists in our own right, 

 

because sometimes 

you do have to walk people off the ledge. 

 

And that’s what we did back 

then, is that, everybody, 

 

in the early 2000, you either 

you wanted the quick fix, 

 

but then when you saw it go down so much, 

everybody wanted out. 

 

Had they just stuck to their allocation 

and, had a good mix 

 

between these assets, it would have recovered a lot faster. 

Rather than jumping in and out of the market. 

 

(Joshua Garland) And losses would have happened, 

but there would have been more limited. 

 

That wouldn’t have been  

as severe. 

 

(Rhonda Ducote) Yeah, because once you once 

you sell at a loss that big, 

 

it takes a long time to recover from that 

because now you’ve locked in those losses.  

 

Rather than okay, things will get better. 

I think a lot of people worry about companies going bankrupt  

 

and they did. a lot of companies 

didn’t make it. 

 

However, if you’re looking at it. 

And I think that that’s what registered investment advisory firms 

do, is that they’re looking at companies 

 

that not that are super speculative and, super risky. 

They’re looking at the financials and valuations 

 

and the fundamentals of these companies 

and if we did go into a bad time, are these companies 

 

still going to be solvent down the road? And so that’s what 

I think we do really well, is that, 

 

we each client has an asset allocation 

that we talk about prior to investing one dime of our clients assets. 

 

(Joshua Garland) Which is why starting with planning is very important. 

 

(Rhonda Ducote) Absolutely, absolutely. 

So the 2004 were an obstacle. 

 

And then we had a nice recovery 

and then we get into the 2008 

 

financial crises where our central banking 

system almost failed. 

 

That was probably one of the longest recessions in my career 

over the last 35 years that we had to hurdle and tackle. 

 

And again, it was tough because, again, 

a lot of emotions are out there. 

 

So those were probably 

two of the biggest ones 

 

with the emotions of the market, 

but with that comes a lot of joy, too. 

 

So I think there’s obstacles, but 

there’s with obstacles come opportunities. 

 

And in those times you’re a big Warren Buffet fan 

 “buy low, sell high”. 

 

if you keep it as simple as that. 2002 2008 were the biggest opportunities,  

even though they were the biggest obstacles.  

 

And if you would have stuck to your financial plan, 

you would have been just fine tenfold. 

 

(Joshua Garland) I think that Buffet was also 

the one that said “investing is simple, but not easy”. 

 

Because it’s very difficult to be buying 

when you’re in an economic environment 

like that. 

 

 

Even though everyone knows 

that’s what you’re supposed to do, 

 

But everyone wants to buy when it’s way up 

Here, it’s way up there. 

 

(Rhonda Ducote) If it’s up already 200%, 

you might want to go to a different story, 

 

(Joshua Garland) I can think there’s a number of 

of investment ideas that are coming to my head but I won’t say it 

 

Jen (Olson) would get mad at me and say, you have to cut that out for sure. 

And so I’m not even going to say it. 

 

How about what’s going on with Apriem right now 

this year, 2023? 

 

Well, 2023 has been our 25th anniversary. 

I reflect back on some of things that we’ve overcome, mistakes that have been made, 

 

and we’ve made plenty, 

but we’ve also overcome them. 

 

And as I look to the future for the next 25 years, 

it’s really making sure that, I’m going to go back to the basics of  

 

we have the right employees, we have the right clients that we’re serving, 

and then you have the company. 

 

my wish would be that we continue 

to grow and serve clients as we have been. 

 

But more importantly,  

I’m responsible for 16 souls here 

 

and their families and making sure that 

that all of you are okay 

 

and that you’re happy and that 

I’m providing resources 

 

that give you the 

the tools to help our clients, 

 

whether it’s with technology, 

whether it’s with office space. 

 

I would like to see Apriem continue in perpetuity 

long after myself and Harmon are gone. 

 

And that would be very rewarding for me. 

And so the next 25 years I see as building the foundation to continue on. 

 

We have just shy of $1 billion dollars under management right now, 

and I’m very proud of that. 

 

To make sure that I get to see your kids 

grow up and go to college and become, part of our community. 

 

To continue to give back to the community. 

And we’re very involved with Apriem Cares and I’m very proud of that. 

 

To continue to build on that and to make sure that that everyone 

is getting exactly what we’ve promised them. 

 

And I believe we do that very well. 

And I think that we can see it with, clients coming back  

 

I get emails every so often from clients just thanking me 

for their service and thanking me for the time that the wealth manager 

 

spent with them or that their plan is top notch and that they understand it. 

I think that’s the biggest thing, right? 

 

Is that because we are fiduciaries 

and we are a registered investment 

 

advisory company, our responsibility 

is not just to invest our clients assets. 

 

And it’s not just about obviously 

making them money. 

 

That would be nice along the way. 

And it does happen over time. It’s the goal. 

 

But it’s making sure that they understand what we’re doing  

and why we’re doing it right and that’s probably the biggest challenge 

 

some people are very interested  

Some people may not be. 

 

And I think that our role is to make sure that they that they understand 

that and that we keep educating, 

 

even if they’ve been with us a year or if they’ve been with us for 25 years. 

The education never stops and we’re here to serve them and 

 

and to provide them with advice and to make sure 

that they’re following the plan. And we’re executing on that. 

 

(Joshua Garland) Right. Earlier, you talked about the four kind 

of different departments. Have we always had four departments? 

 

Has it always been that structure? 

Why do we have it that way? 

 

Are they siloed or do they work together? 

Do you want to talk a little bit about that? 

 

(Rhonda Ducote) Yeah, we’ve morphed quite a bit from the beginning. 

It used to be three of us, so we were all our own operations persons. 

 

So, we all opened up our own accounts and we all invested 

our own accounts, with clients that we worked with. 

 

And we kind of did a little bit of everything as we’ve grown. 

Again, I talk about the resources as you grow  

 

my mission was always have about a 50 to 1 ratio. 

50 clients to each employee per se, 

 

even though we all work as a team 

and we don’t segregate like that, 

 

we don’t like have 50 clients for Rhonda 

50 clients for Joshua 

 

they’re all of our clients and we all work together 

to provide them the service that we do. 

 

And so as we’ve grown, we’ve added staff 

and then as we’ve added staff 

 

we have gone to more of a structure 

where we look at people’s strengths 

 

And let’s put them in that role  

where they’re going to find happiness and success. 

 

And that’s why when Ben first started, our CIO,  

he was a wealth manager like me. 

 

And where his love became  

was investments. 

 

And so, when Mark decided to just be wealth manager and 

kind of take a step back from the company and just work with clients, 

 

Ben took the role of CIO because that was his passion 

and that was his love, and that’s where his strengths.  

 

Many of our clients know Ben because he’ll come in to meetings and talk 

about what the vision is for the economy or for the markets and for our portfolios. 

 

And so, the four departments, as I mentioned before, 

it’s kind of morphed into that,  

 

to where you’re most comfortable 

and where you’re going to find success. 

 

So, we have our investment team, which Ben heads up 

with Jose and Kenneth and Andrew and Jennifer and Mark as well. But Ben leads the team there 

 

and then we have our financial planning department, which you’re a part of 

as well with the wealth managers. 

 

You’re with Christopher, Landon 

You also have Megan and Cole, who are the associate financial planners and planners. 

 

And so I kind of look at financial planning and wealth management together, 

even though they’re two separate departments.  

 

And then you have our operations team, 

which is really the nucleus of our team. 

 

They make everything happen. 

The heartbeat. 

 

They make sure that our clients 

are getting the service that they need, 

 

getting their accounts opened 

all of the services that come along with that, 

 

if they need any type of money 

movement, check writing, address changes. 

 

We all work together collectively, but I think it’s been much 

more efficient having the departments and everybody knows their role. 

 

And they help out where they can 

if need be. 

 

(Joshua Garland) So how about the roughly two or more advisors 

or folks at Apriem teammates that join in in most client appointments? 

 

Where did that all come from? 

Has that been around since the start? 

 

(Rhonda Ducote) Well, not in the very beginning 

because there was only three of us, but it was divide and conquer.  

 

But as you’re going through those growing pains. 

But yes, I feel really good about that, I think two is better than one. 

 

Back in the day I really wanted two people in each appointment 

because you can feed off of each other and again, everyone has different strengths. 

 

And so, I look at you and Landon  

as the dynamic duo and in meetings. 

 

With our Industrial Services division of the team 

and you guys get out on the road or come in here. 

 

I know you have a few appointments today 

You’re going to be going to Whittier with Landon today. You feed off of one another. 

 

So you, you have that type of chemistry 

that a client really appreciates that where 

 

Landon has his specialties, you have yours  

and together you’re unbeatable, in my opinion.  

 

(Joshua Garland) Well, now I agree.  

I’ve noticed that it really is a benefit to the clients in the long run, 

 

you know, especially if one of us is out 

and one of us isn’t around, you know, and 

 

and the fact that there is more than one 

individual that they can go to because 

 

like you said earlier, where I have folks that maybe I’m responsible 

to maintain a relationship with, 

 

But they’re not Josh’s person or Josh’s, they really a part of the family. 

And we’re all here to support them. 

 

Let’s talk about compensation, because I think that the compensation 

structure here is different than it is. 

 

And I love the way that things are set up. 

I think it’s probably good for people to hear  

 

and to know why you guys 

have structured it the way that you have. 

 

Because in my opinion, I think that over time, 

the rest of the industry will follow 

because I just think it’s the right way to do things. 

 

(Rhonda Ducote) Yeah, I look a lot at that. 

Compensation is always one important for 

 

each person here because it’s  

your livelihood, it’s how you take care of your family. 

 

But this industry, financial services 

industry has always been a little, 

 

you eat what you kill, 

basically kind of structure. 

 

And what I mean by that is, 

especially when I was at the large corporation, 

 

if you sell this and you fill all the buckets, 

you get compensated for filling all the buckets. 

 

Yeah, but if you only fill two of the buckets, you don’t get compensated. 

So you had a little bit of a conflict 

 

A conflict to say,  

I’ve got to fill up my buckets or I don’t get my bonus. 

 

And I never really liked that structure because again, it always goes back 

to what is most beneficial for the client, right? 

 

So, I changed the compensation 

structure about eight years ago here 

 

where most salespeople would get paid 

a percentage of revenues of what they sold. 

 

I mean, that’s just sales 101. 

And I never liked that. 

 

I always thought because I never wanted anyone here at Apriem to 

feel like they had to sell a product or service. 

 

And by removing that, Compensation of a percentage of revenues 

for what you do took that conflict away. 

 

So at Apriem we went to a salary only 

type of compensation plan 

 

that everybody has a fair, salary. 

And we’re all part of one team.  

 

And we’re all here to do the same thing, 

which is serve the client 

 

and to make sure that we’re giving 

the client the best service possible. 

 

But then we are on a bonus structure as well. 

And the way that that works, as you know, 

 

is that we all participate if we have a good year in the bonus structure. 

So it’s not you get more than you or so on and so forth. 

 

But we all participate in the good years 

and we all participate in the bad. 

 

(Joshua Garland) And I can speak for myself  

as an advisor on the front end. 

 

I think removing that reward, selling this or 

selling that or hey, we really want to push this, 

 

we’re really focused on this right now. 

It removes that from the back of the advisor’s mind 

 

so that the advisor can literally just go, you know what, 

Nothing changes with the recommendation that I make. 

 

 

And so I can really just focus on doing 

what’s right for the person in front of me. 

 

And as you know, I used to work on, 

as a as a wholesaler. 

 

And so my clients were advisors 

and I’ve never met an advisor in my life 

 

that didn’t say, I do 

what’s in the best interest of my client. 

 

Nobody’s ever going to say 

that they don’t do what’s in the best interest of their clients. 

Everyone says I do it in the best interests of my clients. 

 

But actions speak louder than words, right? 

and I saw things happen on the other end. 

 

And so I think that having this environment where  

there is no conflict of interests, there’s 

 

nothing that pushes you to do 

one thing over another. 

 

It is what’s in the best interests of clients. 

It does give them better results. So I appreciate it. 

 

I think it’s something everyone should know about 

and everyone should hear, 

 

because I hope that other leaders 

that are out there do the same. 

 

(Rhonda Ducote) yeah, I think the industry as a whole 

is moving in that direction. 

 

You hear from clients that are coming from another advisor 

You know, how they were treated or, 

 

or the lack of communication 

or I felt like I was being sold something. 

 

And nobody wants that feeling of. 

“I’m just in it, to get them a commission or to make them money. 

I just felt like a number”. We hear that a lot. 

 

Especially with, with clients coming from other advisors. 

I do think that the industry is changing. 

 

Obviously with technology, the Internet, how fast money moves now. 

There’s more players in the game. 

 

(Joshua Garland) All the podcasts that are out there, 

I mean people are out there and they’re 

 

they’re pounding the drum 

or sounding that horn saying, “Hey, people, 

 

this is what’s going 

  1. Pay attention. Pay attention.”

 

(Rhonda Ducote) And I think that that that’s 

why I do think the industry is changing 

 

and I think it will always change. 

And change is good. 

 

I think that when you 

are afraid of change 

 

and not moving in one direction, there’s hurdles 

Yeah, it’s sometimes it’s tough 

 

But I think that you have to move 

with how things are so quickly changing. 

 

(Joshua Garland) Right. And it’s happened 

quite rapidly.  

 

(Rhonda Ducote) Every single day.  

You know you ask me hurdles, or obstacles. 

 

And I think that that was probably 

a big learning curve for myself 

 

is that you have to keep up with change 

and you have to continue to bring in 

 

younger advisors who are going to be here 

for the long haul. 

 

And then your role is to bring in other advisors. 

Right down the road that’s 

 

(Joshua Garland) It’s good, keeps it fresh, keeps new ideas 

come in, right? 

 

(Rhonda Ducote) Yeah, yeah. You need to be 

open to the to ideas and to change. 

 

(Joshua Garland) So before I wrap this section up, 

 

I just want to say, I think that this whole concept of the way 

 

that the compensation is and doing 

what’s best for people, it makes me think of Landon. 

 

And Landon is always telling everybody in the office, 

remember that we need to serve first and sell second. 

 

(Rhonda Ducote” That’s correct. 

 

(Joshua Garland) I think it’s  

so poignant and it makes such sense. 

 

And I think it’s really, really good 

for again, it’s good for the clients. 

 

(Rhonda Ducote) Absolutely. 

 

(Joshua Garland) Okay. So let’s pretend 

and maybe we’ll do this anyway. 

 

One year from today, 

you and I were sitting down together 

 

and we’re having this exact 

same conversation 

 

and we’re talking about Apriem, 

what’s happened, what has to have happened 

 

over that one year of time for you 

to feel really good about the progress 

that the firm has made? 

 

(Rhonda Ducote) Well, a year from now, again,  

my first theme is to always make sure 

that we don’t have any client complaints. 

 

 

I never want to hear from a client 

that they didn’t get a call back. 

That an appointment was canceled 

 

or that they felt like we didn’t care. 

That’s why that’s my number one. 

 

First thing I would say is, 

did we have any client complaints over the last 12 months?  

 

And then second would be,  

are they happy? 

 

Third would be are all of our 

staff, is all of our staff happy? 

Did we have any turnover? If we did, why? 

 

and learn from that 

and to continue to again grow the company. 

 

Hopefully where we have more clients, 

we have more staff, 

 

we have good performance. 

we have family that have joined 

 

it sounds quite simple. 

And I think it is. I think simple is good 

 

It doesn’t have to be complicated.  

I hope everyone’s healthy. 

 

We’ve had a lot of illness in the past 

couple of years, obviously, with COVID. 

 

And that was a big challenge too 

as we go back to that. 

 

We all learned how to work remotely. 

 

And I think you just hit it out of the park, Joshua 

again, a learning curve for Rhonda. 

 

learning how to use Zoom and 

I learned it with a lot of our clients. 

 

 

And so bringing them into 

the 21st century was kind of fun. 

 

(Joshua Garland) It’s so common now,  

as everyone does it now. 

 

(Rhonda Ducote) Well,  

I think where I would like to be, 

 

is, I always want to feel to wrap 

all of what I just said up 

 

and to maybe a sentence 

is to be that elite 

 

premier registered investment 

advisory firm, 

 

not just here in California, 

across the United States and globally. 

 

We have two locations 

and in La Holla still and Torrance, 

 

but because of the zoom and remote 

working, we’ve opened the doors too. 

 

We have clients in states. 

We have clients in the States. 

 

and a few abroad. 

Which was kind of been fun.  

 

And technology today, 

you feel like they’re in your living room. 

 

(Joshua Garland) It’s amazing 

how much you can get accomplished 

 

even when somebody 

is outside of the country. 

 

Some countries 

are more difficult than others. 

 

But that’s okay. 

Well, okay, 

 

so any last words you would want to impart 

on all of the viewers and Apriem family? 

 

(Rhonda Ducote) I just want to thank our clients 

for being the very best part of us. 

 

I appreciate 

all the hard work that the staff has done. 

 

I appreciate, every role that 

that’s played here at Apriem. 

 

And I just am very blessed 

to be in the position I am in today. 

 

And it doesn’t go and I don’t take 

it for granted any one day.