Entrepreneur, Realtor, Real Estate Investor, and Financial Advisor, Tiffany L. Hollinger is a woman on the move. As the owner of Hollinger Financial, LLC, Tiffany’s mission is to bridge the gap between individuals and their finances by educating and guiding them in building legacies for generations to come. To do this, Tiffany empowers her clients by offering practical solutions through social media segments like #AskTiffanyH where she provides tools, tips, and tricks of the trade. We sat down with Tiffany for a Sheen exclusive to look into her career as well as her mission to empower her community to better understand the benefits of financial planning and the power of investing in others.
What made you choose a career in financial planning?
Well, this career opportunity fell into my hands. I started my career at The Ohio State University as a personal banker in a 24-hour call center. I loved being able to troubleshoot solutions for clients’ banking challenges and then offer products that could assist with their current and future needs. When I graduated, I moved further into banking where I managed mid-size corporation 401(k) plans and ensured they were ERISA compliant. While I was good at this, something was missing. I wanted the individual customer interaction, so I became a personal financial advisor in 1999.
What is your investment cost?
I specialize in financial planning, not asset management; so, I don’t have an investment cost. I counsel individuals, families, and small business owners on creating a financial plan that is based on their current resources and is geared toward their goals. I also help them outline the steps they need to take to get from where they are today to where they want to be financially in the future. The cost to do a financial plan is based on the size of the family, the number of financial goals, and the number of assets the client currently has. The financial planning fee ranges between $500 and $5,000 annually.
How often do you update a client’s financial plan?
After the initial plan is created, we will meet once a quarter to check-in and make any necessary adjustments. After the first year, we meet twice a year to update and review. Whenever there is a life-changing event, we meet to review the goals, determine if they still make sense, and make any necessary adjustments. These life-changing events include a new baby, marriage, divorce, death in the immediate family, change in employment status, etc.
What is included in a financial plan?
Financial planning consists of six focus areas:
- Cash Management – Budgeting
- Investment Management
- Tax Management
- Risk/Insurance Management
- Retirement Planning
- Estate Planning
Why is it important to have a financial advisor?
It’s essential to have a team of experts analyze your portfolio. You’ve likely heard the phrase, “We don’t know what we don’t know.” Hiring a professional will lead to more opportunities for success. A financial advisor helps you connect the dots, maximize resources, assist when a financial pitfall occurs, and aids in your ability to make a faster financial recovery.
What advice would you give to someone who would like to embark on a career in financial planning?
I advise pursuing a position with one of the big financial planning companies where you can learn to manage finances and earn without immediately obtaining your license or certification. This is a unique way to operate because it’s very robust and has a major impact on people’s lives. Over the years, I’ve worked for several large financial service companies, served hundreds of clients, and filled many roles within the industry. I obtained my Certificate of Financial Planning from Georgetown University and will soon take the exam to earn my official certification.
How did the Hollinger Financial Planning Firm come into existence?
When I initially started Hollinger Financial, LLC in 2006, it was The Financial Group in the Metro Washington D.C. area. That name portrayed the products and services offered to clients as well as the group of experts—attorneys, accountants, etc.—who aided in every client’s financial success. When I moved back to Cleveland, Ohio, the name was already used by another financial planning firm. So, Hollinger Financial was born. This helps people understand that they are doing business with me directly.
What sense of purpose do you draw from your culture and community?
I believe that it is my responsibility to leave people, places, and situations better than how I found them. As I’ve learned so much about personal finances, I realize how significantly my culture needs more financial education and empowerment. My sense of purpose has been birthed to elevate those who wish to have and do more. For those who have a desire to leave a legacy for their children’s children, I’m here to aid them in that quest.
Financial planning is a relatively new profession so it’s funny that many people, including my family, still don’t know what it is that I do, but they see the benefits of it. So, my purpose has evolved to help, add value, and increase the wealth of African Americans one client at a time.
How do you use your expertise to empower women?
Women are the backbone of this country. They are the architects of society. 80% of all my clients are women, both single and married, and 100% of my workshops, information sessions, etc. are attended by women. When you educate and enlighten women, you educate the household and the community. To empower women is to go beyond educating and enlightening to place them in positions of power so that others can absorb and be affected by their nurturing, knowledge, talents, and skills.
Any Questions to investments asktiffanyh@gmail.com
All images by Launcharts Media
Tiffany is not only a wealth of knowledge, she is gracious and kind.
Tiffany is hardworking and very thorough when doing business. She has a great personality, but she is strictly business.
Tiffany brings a plethora of expertise and knowledge to the community as a Financial Advisor. She educates and guides families to become financially savvy. She is a gem!
Thank you Lady 🤩
Worked with Tiffany for a couple of years now and she is a very driven person. I appreciate the partnership she and I have
I’ve never had the opportunity to work with Tiffany but I’ve watched her work. She is a go getter! Puts her heart into her work. She does whats best for her clients ensuring they have the best start.
Keep doing you Boss Lady!
I appreciate you more! Thanks
Tiffany is God sent! She has given wise and productive financial advice to both myself and my husband in the past which has gotten us where we are today with solid financial stability.
I’ve known Tiffany for over 40 years, she knows exactly what she’s doing, and has a wealth of knowledge
Tiffany provides invaluable service and insight! She delivers professional, timely and relevant information with expertise!
Tiffany’s professionalism and excellence sets her apart from the rest. She is dedicated and passionate in meeting the needs of her clients. Tiffany is a blessing to have on your team!
I’ve worked with Tiffany in the past and found her to be very efficient, knowledgeable, ethical & pleasant
Tiffany empowers women and men daily through every avenue she can. She prepares you for yoir future so you can retire early and leave a legacy for your children’s children. It has been an absolute blessing to know her.
Thanks Lady! You inspire me more..
This was right on time. We have to continue to empower ourselves so we can leave legacies and not debt. Thank you.
Thanks Sis!!! Legacy is critical!!
Tiffany is a true professional, who loves what she does and genuinely cares about the well-being of her clients.
Tiffany is a top shelf professional. She is smart, insightful, and most importantly she is passionate about helping her clients.
Thank you soooooo much! It means a lot to hear!!! Thank You 😊
Tiffany is a “go-getter”, she will use her tenacity, experience, and multitude of resources to get the job done!
Thanks Lady! One go- getter to another!
Tiffany is a true professional, who loves what she does and genuinely cares about the well- being of her clients.
Simply beautiful! So proud of Tiffany and her accomplishments in finance and Real Estate. Not only is good at what she does…she is committed, honest and fair. Blessed to be a blessing!
Thank you soooooo much! I wouldn’t be able to be a blessing had it not been for you!😍
Tiffany embodies her commitment to lift up those around her to become the best versions of themselves. She recognizes strengths in others and helps them to nurture those in every facet of life. She is a true gem and blessing to know.
Tiffany has the unique ability to recognize potential and strengths in others. She focuses on them and finds ways to lift others up to become the best version of themselves and to live their best lives. She is a blessing to know.
Thank you soooooo much Heather! I so love working with you!!!
Tiffany is a very nice Delightful person, who I am proud of knowing. Keep up the great work that you have been so successful in doing.
If you are serious about student success — and about advising as a key way. You are grateful to the Mohegan tribe for sharing their … conservators, conservation scientists and other specialists.
Thanks to the strong financial reserves we maintain, even a crisis of this .The graph shows the change in value of an investment in the I Shares class of the Fund .