Anthony Pellegrino Of Goldstone Financial Group: Five Things I Wish Someone Told Me Before I Became A CEO
No matter how difficult something may seem, it’s always worth trying.
As a part of our series called ‘Five Things I Wish Someone Told Me Before I Became A CEO’ we had the pleasure of interviewing Anthony Pellegrino.
Anthony Pellegrino and Goldstone Financial Group have helped more than 1,500 clients bridge the paycheck gap during retirement by utilizing accounts with lifetime income features to guarantee earnings and create a paycheck for life. Pellegrino also offers professional asset management through a diverse portfolio of actively managed accounts and securities. Anthony Pellegrino has ranked in the Top 1% of Safe Money Specialists in the nation and was awarded as one of the Top 10 Advisors in America in 2013.
Thank you so much for joining us in this interview series! Before we dig in, our readers would like to get to know you a bit more. Can you tell us a bit about your “backstory”? What led you to this particular career path?
I started out my career in the banking industry and quickly realized that I didn’t want to work for a large corporation. I wanted to be able to help people on a more personal level and make a difference in their lives. That’s when I decided to get into the financial services industry. I’ve always been interested in numbers and how they can be used to help people achieve their goals. I love being able to sit down with someone and talk about their dreams and aspirations and then put together a plan to help them achieve those things.
Can you share the most interesting story that happened to you since you began leading your company?
Since I started leading my company, the most interesting thing that has happened to me is that I have been able to help more than 1,500 clients bridge the paycheck gap during retirement by utilizing accounts with lifetime income features to guarantee earnings and create a paycheck for life. I have also been able to offer professional asset management through a diverse portfolio of actively managed accounts and securities. Additionally, I have been able to share my knowledge and experience on CBS as the co-host of the television show, “Securing Your Financial Future.” It is truly gratifying to be able to help so many people achieve their financial goals.
Can you share a story about the funniest mistake you made when you were first starting? Can you tell us what lesson you learned from that?
When I first started out, I made the mistake of thinking that I knew everything. I quickly learned that there is always more to learn and that humility is important in this business. I’ve also learned that it’s okay to make mistakes — we all do. The important thing is to learn from those mistakes and not repeat them.
None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story about that?
I owe a great debt of gratitude to my father, who was my first mentor in business and in life. He taught me the importance of hard work, dedication, and always putting the needs of others first. These lessons have served me well throughout my career, and I am proud to be able to follow in his footsteps as a successful businessman and philanthropist.
As you know, the United States is currently facing a very important self-reckoning about race, diversity, equality and inclusion. This may be obvious to you, but it will be helpful to spell this out. Can you articulate to our readers a few reasons why it is so important for a business or organization to have a diverse executive team?
I think it’s important for a business to have a diverse executive team because it allows for different perspectives and ideas. When you have a team that is diverse in terms of race, gender, and experience, you’re able to come up with better solutions to problems. You’re also able to reach a wider range of customers and tap into new markets.
As a business leader, can you please share a few steps we must take to truly create an inclusive, representative, and equitable society? Kindly share a story or example for each.
I think one of the first steps we need to take is to recognize that we all have unconscious biases. We need to be aware of these biases and make an effort to overcome them. One way to do this is to surround ourselves with people who are different from us. This can help us to learn about other cultures and perspectives and challenge our own assumptions.
Another important step is to provide opportunities for everyone, regardless of their background. This means creating an environment where everyone feels like they can succeed and that their voices will be heard. It’s also important to create a pipeline of talent so that people from all backgrounds have the opportunity to rise up in the organization.
Ok, thank you for that. Let’s now jump to the primary focus of our interview. Most of our readers — in fact, most people — think they have a pretty good idea of what a CEO or executive does. But in just a few words can you explain what an executive does that is different from the responsibilities of the other leaders?
An executive’s primary responsibility is to develop and implement strategies that will grow the company. This includes setting goals, making decisions, and managing resources. An executive also needs to be able to think long-term and be able to make decisions in the best interest of the company, even if it means short-term sacrifices.
What are the “myths” that you would like to dispel about being a CEO or executive. Can you explain what you mean?
One of the biggest myths about being a CEO is that it’s all about making money. While it’s true that a company needs to be profitable, there’s much more to it than that. A CEO also needs to focus on the company’s culture, its employees, and its customers. Another myth is that CEOs are always confident and never make mistakes. The truth is that even the most successful CEOs have moments of doubt and make mistakes from time to time.
What is the most striking difference between your actual job and how you thought the job would be?
I think the most striking difference between my actual job and how I thought the job would be is the amount of time I spend with clients. I thought I would be spending a lot more time alone, researching and planning financial strategies. Instead, I find that I am constantly meeting with clients, either in person or virtually, to discuss their goals and progress. This is probably the most enjoyable part of the job for me, as it gives me a chance to really get to know my clients and help them achieve their financial goals.
Do you think everyone is cut out to be an executive? In your opinion, which specific traits increase the likelihood that a person will be a successful executive and what type of person should avoid aspiring to be an executive? Can you explain what you mean?
It takes a special type of person to be an executive. They need to be able to handle stress, have good people skills, be able to make decisions quickly, and be organized. They also need to have a vision for what they want their company to achieve and be able to inspire others to follow them. Not everyone is cut out to be an executive. If you don’t have the traits mentioned above, it’s probably not a good idea to aspire to be an executive.
What advice would you give to other business leaders to help create a fantastic work culture? Can you share a story or an example?
A great work culture starts with hiring the right people. You want to make sure that everyone you bring on shares your vision and values for the company. Once you have the right team in place, it’s important to focus on creating a positive and productive environment. This means setting clear expectations, providing adequate resources and support, and fostering open communication. It also means calibrating rewards and recognition to reinforce desired behaviors. When done well, these things will create an incredibly positive and motivating work culture that will help your business thrive.
How have you used your success to make the world a better place?
I have used my success to make the world a better place by supporting organizations that promote diversity and inclusion. I believe that it’s important to provide opportunities for everyone, regardless of their background. This includes creating an environment where everyone feels like they can succeed and that their voices will be heard.
Fantastic. Here is the primary question of our interview. What are your “5 Things I Wish Someone Told Me Before I Started” and why? (Please share a story or example for each.)
1. You can’t please everyone- When you’re first starting out in your career, it’s easy to try and please everyone. You want to make a good impression and be liked by your colleagues and clients. However, you quickly learn that it’s impossible to please everyone all the time. There will always be someone who is unhappy with your work, no matter how hard you try. It’s important to learn to accept this and not take it personally.
2. The early years are the most difficult- When you’re first starting out, things will be tough. You’ll make mistakes, have long hours, and face rejection. It’s important to persevere through this difficult period and not give up on your dreams. Remember that things will get better and you’ll eventually find success.
3. It’s not all about the money- When you’re first starting out, it’s easy to focus on making as much money as possible. However, you quickly learn that there’s more to life than just money. Sure, it’s important to be financially successful, but it’s also important to have a balance in your life. Make sure to take time for your family, friends, and hobbies outside of work.
4. Networking is key- In any field, networking is essential for finding success. The more people you know, the more opportunities you’ll have. Attend industry events, join professional organizations, and make an effort to get to know people in your field.
5. Learn as much as you can- In any career, it’s important to continue learning and growing. Read industry publications, attend conferences, and take advantage of any training opportunities that come your way. By continuously learning, you’ll be able to stay ahead of the curve and find success in your career.
You are a person of great influence. If you could inspire a movement that would bring the most amount of good for the greatest number of people, what would that be? You never know what your idea can trigger.
If I could inspire a movement, it would be one that promotes diversity and inclusion. I believe that everyone should have an equal opportunity to succeed, regardless of their background. This includes creating an environment where everyone feels like they can succeed and that their voices will be heard.
Can you please give us your favorite “Life Lesson Quote”? Can you share how that was relevant to you in your life?
One of my favorite quotes is from Nelson Mandela: “There is no such thing as impossible, only improbable.” This quote is relevant to me because it reminds me that anything is possible if you set your mind to it. No matter how difficult something may seem, it’s always worth trying.
We are very blessed that some very prominent names in Business, VC funding, Sports, and Entertainment read this column. Is there a person in the world, or in the US with whom you would love to have a private breakfast or lunch with, and why? He or she might just see this if we tag them.
If I could have a private breakfast or lunch with anyone, it would be Bill Gates. I admire his work in the technology industry and his philanthropic efforts. I believe he is a brilliant mind and it would be an honor to pick his brain.
Thank you for these fantastic insights. We greatly appreciate the time you spent on this.