Compassion comes full circle when giving makes you a better advisor

Compassion comes full circle when giving makes you a better advisor
When an advisor launched a nonprofit in his ancestral home of Ghana, he also learned how to better understand his clients
FEB 07, 2023
By  Kobby Okum

My journey to becoming an advisor who is a better listener, asks better questions and deepens relationships occurred in an unconventional way. It came when I married my purpose in life with my professional skills. The combination of purpose and profession manifested in the Ghana Impact Project, a charity I founded in 2021 to equip physically challenged children and adults in Ghana to rebuild their ability to walk and even run. 

In 1995, when I was 11 years old, my family emigrated from Ghana to the U.S. Beyond the adjustment to a totally different environment, I was shocked to see students in my school whisking around in electric wheelchairs, dashing through the hallways and appearing to enjoy reasonably normal lives.

I hadn’t seen physically challenged children in Ghana. I clearly remember coming home from school one day and asking my parents why there were so many physically challenged kids in America. That was when I learned that we had such kids in Ghana too, but I hadn’t seen them because they had no way to be out and about. Hardly any schools, or for that matter, any public facilities, had ramps or elevators. Worse, some members of the society saw their physical challenge as contagious, or as a curse from God. I was 11 and I knew that someday, I would bring Ghanaian children the equipment that they deserved.

By 2021, I was well along in my advisory career. The harsh realities of the Covid-19 pandemic reminded me of my childhood promise to myself. It was time to bring that promise to fruition. I founded the Ghana Impact Project, a 501(c)(3) nonprofit, to accomplish two goals: to raise money to provide mobility resources, such as prosthetics, wheelchairs and crutches, to the physically challenged in Ghana, and to raise awareness and education to help curb the stigma of being physically challenged in Ghana.

In 2022, its first year, the Ghana Impact Project raised $10,000 that provided prosthetics for 20 children in Ghana.

Creating the Ghana Impact Project stemmed from my soul-searching about the legacy I want to leave and the impact I want to have today. Thanks to the process of launching a nonprofit, I’m better now at running my practice, from defining a vision and organizing a board to fundraising and executing the plan. But most important, I better understand my clients. Before, I focused almost exclusively on their financial goals. Now, I take the time to understand what really motivates them and how they define lifelong success. I want them to have the same fulfillment of their life objectives that I’ve achieved for mine.

Kobby Okum is a certified financial planner based in Leesburg, Virginia. 

Invasion of Ukraine elicits surge of giving: Vanguard Charitable

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave