"My dad used to show

me what was up with

my college account

and it really left

a mark."

Michael%20D.%20Shanahan

Michael D. Shanahan

Michael D. Shanahan39

President, Overland & Shanahan Wealth Advisors Inc.

Fast Facts

  • Originally wanted to be a doctor and follow in his dad's footsteps.
  • At the age of 5, was the youngest person to have ever attended an official NATO dinner.
  • Favorite city is Prague.

Michael D. Shanahan had hoped to be a doctor like his father and even earned a biology degree from the University of Alabama. But he realized during college that the sciences were not what he was really passionate about.

Thanks to his father, who got him interested in investments at a young age, it wasn't long before he set his sights on a career in financial services.

"My dad used to show me what was up with my college account and it really left a mark," Mr. Shanahan said.

Fourteen years ago, Mr. Shanahan moved to San Diego to join a former business partner in starting their own advisory firm providing holistic planning. Their hybrid firm, affiliated with LPL Financial, focuses on serving high-net-worth individuals.

While he's not a physician, he's made helping people a priority. Mr. Shanahan is a coach and mentor to younger advisers, and his team is developing a financial wellness program to present to local businesses as a way of bringing financial education to more people.

He provides pro-bono planning within his local military community (his father was a doctor in the military) and his firm provides each employee with two days of paid time off each year for volunteering.

Mr. Shanahan said he landed in the right profession, even though life as an adviser and firm owner isn't exactly what he expected. He's been surprised at how much time he spends with clients understanding their personal issues and helping them to keep from making financial mistakes. Figuring out how to help clients invest their money is not that difficult compared to the challenge of managing clients' mental psyche, he said.

"You find yourself playing the role of a psychologist a lot more than I anticipated, getting into this industry," he said.

– Liz Skinner

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