In April 2016, Todd Hogue joined StoneStreet Wealth Management. After teaching middle and high school math for three years, Hogue decided to make a change and joined StoneStreet as a financial advisor. Today, Hogue runs the day-to-day operations of StoneStreet’s Mooresville location with the co-founder, John Chidwick. He also assists with the development of retirement planning services and helping clients navigate the office’s technology and online access.
A graduate of Middle Tennessee State University and Charlotte, North Carolina native, Hogue combines his strong desire to help people in the community with an aptitude for numbers. It’s the prefect fit for a financial advisor and asset manager.
The transition from school teacher to financial advisor took hold after a chance encounter with the firm’s co-founder, Ealon “Tripp” Thompson III, CFS. Hogue had been investing in stocks online for his own account when Thompson convinced him to try his hand at managing investments and advising others.
“Financial advising appealed to me because of the numbers,” said Hogue. “It allowed me to help clients while continuing to teach others at the same time, only in a different setting. It seemed like a natural fit.”
Chidwick stated that having Hogue on the team is a huge advantage to StoneStreet. Todd focuses on the daily tasks of running the office, retirement planning, and technology integration. Having him allows Chidwick to get out in the community, sponsor events like the Incredible Teens Award and Scholarships, and find new clients to help.
Hogue also took a big step in his financial planning career recently by passing the Series 7 exam and earning his Series 7 license in September 2017. The Series 7 license is the first hurdle to start as a financial advisor. It’s a basic stockbroker’s license, but it is not easy to earn. The exam takes six hours and covers a broad range of financial planning topics such as the buying and selling of corporate stocks and bonds, municipal bonds, investment company securities, variable annuities, direct participation programs, options and government securities.
“It’s very important for Todd to earn his Series 7 license,” said Chidwick, co-founder of StoneStreet Wealth Management. “His goal is to be an advisor. So, you have to get the Series 7 license. It’s a huge accomplishment for him. Clients expect their financial advisors to have the education and licenses to give them the best advice possible. And, that’s what Todd has done.”
FINRA, the Financial Industry Regulatory Authority, oversees the Series 7 exam and licensing. The organization is responsible for investor protection and market integrity through effective and efficient regulation of broker-dealers.
“For the clients, they want to make sure that they are working with someone who is qualified and has the highest ethics,” said Hogue. “Licensure is one way that the industry can make sure that financial advisors are educated and knowledgeable. Our clients deserve to know their advisors understand what they are doing with regard to investment products and standard practices in the industry.”
In addition to being an advisor at StoneStreet Wealth Management, Hogue has been married for ten years and has a three-year-old boy who keeps him very busy. When he’s not spending time with his family, Hogue enjoys the traditional North Carolina pastime of making pottery.
StoneStreet Wealth Management is based in Mooresville, North Carolina, with advisors offering securities through Raymond James Financial Services, Inc., member FINRA/SIPC. John Chidwick, Managing Partner, SWS Senior Wealth Advisor, RJFS, and Ealon S. “Tripp” Thompson III, CFS, Founding Partner, SWS Senior Wealth Advisor, RJFS, created StoneStreet Wealth Management in 2015 after spending decades on the wholesale side of financial services for firms based on Wall Street. The advisors at StoneStreet Wealth Management currently manages more than $150 million in client assets.