Meet The Female Leaders Of Finance: “Individuals can begin to discern their calling to the financial industry by considering their specific gift.” with Tiffany A. Welka

Tyler Gallagher
Jun 19 · 8 min read

Tiffany A. Welka is the Vice President of VFG Associates (Livonia, MI) and an award-winning licensed insurance professional. She is also an Accredited Wealth Management AdvisorSM (AWMA®). Tiffany’s expertise helps her clients to capitalize on opportunities to preserve, grow and/or transfer their wealth. Tiffany’s passion and focus is working with individuals and couples, who have or desire to accumulate wealth. She helps educate and guide her clients into making smart financial decisions. Tiffany is a member of the American Legion Women’s Auxiliary and the National Ethics Association.

Thank you so much for doing this with us! Can you tell us the “backstory” about what brought you to the Banking/Finance field?

My father worked as a manager at Prudential for many years. Eventually, he decided to open his own practice. When I was a child, I saw how much he was able to help his clients with their financial lives. When my family and I were out enjoying community events, people would recognize him and come up to our family and thank my father for what he had helped them accomplish. Seeing the positive impact that he had on so many other people implanted a thought in my mind, to have that type of impact on society, too. As I grew up, I went to school and decided that this is exactly where I am supposed to be — helping people create wealth, protect their estate and invest with intent.

Can you share with our readers the most interesting or amusing story that occurred to you in your career so far?

Michigan summers can get hot. A few years ago, it was so hot that the power went off at our office. Most people probably would have just called it a day and gone home– especially since technology is such a prominent part of our business. But we had a calendar full of client meetings, so this was not an option. We ended up setting up tables in our lobby — where we have plenty of sunlight — and meeting with our clients there until it was dark. Once it became dark outside, we pulled the cars up to the front of our office and turned on the headlights so they would be our light source for our evening meetings. Clients giggled and could not believe that we were operating like this. But when our clients set time aside to meet with us, it becomes a priority to us as well.

Are you working on any exciting new projects now? How do you think that will help people?

In the past, I created a program called “Financial Harmony.” It’s for engaged couples who are preparing for marriage. Together with the engaged couple, I go through my “7 Steps to Financial Harmony” in order to prepare them for their financial future together. I do not charge couples to go through the program and my hope is that these couples will have discussed every aspect of their finances with each other prior to marriage. I wanted to make a difference in our world by decreasing the divorce rate in our society today. I am currently working on taking this a step further by creating a program for couples to complete after their wedding. If couples have someone who they know can counsel them through financial hardships throughout their marriage, I believe I can make an even bigger impact on protecting the sanctity of marriage.

What do you think makes your company stand out? Can you share a story?

Our company stands out because we treat everyone as if they were family. We are family owned and operated. We never forget where we came from, which is why we never place a minimum amount on what our clients can get started with. We try to make a positive impact on each and every person that we encounter. Our team has been given a gift that we should be able to share with everyone, no matter their net worth. We treat everyone the same, whether they have five dollars or five million dollars. While we are growing and protecting our client’s estate, we never forget that we are working with the person. We have a fiduciary responsibility to educate our clients about all of their options so they can make a decision that would be best for them and for their families. We know that our clients have worked hard to accumulate what they have and because of that, we work hard, just as they did, to continue to enhance their portfolios to give them the lifestyle they deserve.

Wall Street and Finance used to be an “all white boys club”. This has changed a lot recently. In your opinion, what caused this change?

Women are becoming more educated now than at any point in human history. Because of our education, we are joining the workforce and earning an income. People are getting married and starting families later on in life, which means that women are living independently for longer periods of time than they have in the past. Of course, despite the progress, we still have a lot more work to do to achieve. According to this report in CNBC, less than 17 percent of senior positions in investment banks are held by women.

In your opinion or experience, what 3 things can be done by a) individuals b)companies and /or c) society to support this movement going forward?

Women need to follow their passions. If you love what you do, you shine. We all have our places in society where we belong. Companies can encourage more women employees by ensuring that the pay in the positions offered are equal to the level of experience and education that they bring to the table. Individuals can begin to discern their calling to the financial industry by considering their specific gift. For instance, I knew that being in this industry was going to make an impact on society. I knew that being here was going to be able to make a positive difference in someone’s life. Personal financial planning is what I do now because I enjoy serving others, meeting new people and planning. There are many different positions that you can hold within this industry (banking, managerial, personal, actuarial, etc.). Understand what you love and you can find a place where you would fit, belong and make an impact.

You are a “finance insider”. If you had to advise your adult child about 5 non intuitive things one should do to become more financially literate, what would you say? Can you please give a story or example for each?

1. Figure out what you have. Do you have checking accounts? Savings accounts? CD’s? Mutual funds? Retirement Accounts? Most people are unsure of what they already have, where it’s located, and how much it’s worth.

2. Make sure that your beneficiaries are set up correctly on everything that you have. For instance, if I passed away and DID NOT list my husband as my beneficiary on my accounts, then he would have to go to probate court to claim everything. Even if you aren’t married, list a friend, family member or charity.

3. Invest with intent. Figure out what where you morally stand and DO NOT invest in things that you don’t believe in. Being a vegan, I make sure that the investments that I make for myself are cruelty free. If you hate the stock market, don’t invest in it. If you love Microsoft products, invest in Microsoft. Whatever you do, never settle on your morals and beliefs for the sake of growth.

4. Create a budget. I know, budgets sound horrible. But, honestly, a budget is YOU telling your money where to go instead of your money telling YOU where it HAS to go. Be the boss. Create a budget.

5. Insure. You have to make sure that you are protected. Have car insurance. Have renter’s insurance or homeowner’s insurance. Get disability insurance. Get life insurance. Expect the unexpected. Buy insurance.

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 am blessed to say that there are four people in my life that I cannot thank enough for their love and support. First and foremost is God. Without God, nothing in my life would be possible. Second is my husband. He is always pushing me to be better than I am now, understanding when I have to work late nights or early mornings to help someone. My mom — I call her every single night on my way home from work and she always asks me about my day. She is the first person that I call when something great happens and she gets just as excited as I do. She is the first person who I call when I fail. She is the one who tells me that everything is going to be okay and listens to me cry. Last, but not least, my father. My dad never pushed me to get into this industry. He lovingly showed me, by example, how to be an inspiration to others. He taught me everything that I know. He is my mentor, my partner and the reason that I am here today.

Can you please give us your favorite “Life Lesson Quote”? Can you share how that was relevant to you in your life?

“Matthew 19:26 — With God, all things are possible.” Whenever I am in doubt of my capabilities, whenever I feel overwhelmed, I remind myself that nothing is impossible.

You are a person of great influence. If you could inspire a movement that would bring the most amount of good to the greatest amount of people, what would that be? You never know what your idea can trigger. :-)

Love. Do all things in love. Every decision that you make, every word that leaves your mouth, every action that you take — do it out of love.

Thank you for joining us!

About the Author:

Tyler Gallagher is the CEO and Founder of Regal Assets, a “Bitcoin IRA” company. Regal Assets is an international alternative assets firm with offices in the United States, Canada, London and United Arab Emirates focused on helping private and institutional wealth procure alternative assets for their investment portfolios. Regal Assets is an Inc. 500 company and has been featured in many publications such as Forbes, Bloomberg, Market Watch and Reuters. With offices in multiple countries, Regal Assets is uniquely positioned as an international leader in the alternative assets industry and was awarded the first ever crypto-commodities license by the DMCC in late 2017. Regal Assets is currently the only firm in the world that holds a license to legally buy and sell cryptos within the Middle East and works closely with the DMCC to help evolve and grow the understanding and application of blockchain technology. Prior to founding Regal Assets, Tyler worked for a Microsoft startup led by legendary tech giant Karl Jacob who was an executive at Microsoft, and an original Facebook board member.

Authority Magazine

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.

Tyler Gallagher

Written by

CEO and Founder of Regal Assets

Authority Magazine

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.