A Different Adventure – My Nigeria Trip

By Lacee Floyd

I’ve noticed that as soon as the temperatures in Phoenix hit the 100-degree mark, the most common question becomes: “Where is everyone heading off to for vacation?” Like most Phoenicians I usually plan to escape the heat, but this summer I have a radically different adventure in mind…

From June 28th – July 10th I am heading to Nigeria to experience a way of life drastically different from what I have ever known. We often hear from our clients that Africa is on their top ten list (if not 1st) of places they’ve traveled. My itinerary will be slightly off the beaten path of sight-seeing or a safari; I have been invited by a dear friend to work side by side with her in an orphanage for disabled children. My friend, Lee Anne, lived in Nigeria for three years after graduating college. She volunteered at the orphanage, called Jesus Kids, taught at a school and served the community through various other ministries. Before returning to Nigeria this summer, she invited a small group of friends to join her for the last two weeks of her stay. We will serve the children and the community in many capacities and have our own hearts transformed in the process.

I have been blessed to work at a company that supports this kind of endeavor, graciously allowing me to step away for eleven days and focus on this opportunity to dive head-first into discomfort and more deeply experience what I believe to be the true source of joy. A joy that doesn’t come from “stuff” or circumstances, but from serving as the hands and feet of our Creator to those who are marginalized by their society.

Likewise, I am beyond grateful to have clients like you, who have shown just as much support! If you need anything while I am gone, please don’t hesitate to contact Kristin Greenleaf – she would love to take care of any of your needs. I’d like to invite each of you to be a part of our team by praying for us as we prepare and head over to Nigeria! Our desire is for safety in our travels, unity maintained among our team members, soft hearts malleable to God’s leading, clear direction in where He would use us as His servants, and to return home with transformed hearts.

We will be spending most of our time at Jesus Kids, so I wanted to share two of the children with you (below) so you may be praying for them as well. Recently, enough funds were raised to buy a piece of land where a two-room school house has been built which will be used once a residential facility is complete. If you would like to support them in any way financially, you can do so at:

Manley Baptist Church’s website: https://secure.accessacs.com/access/oglogin.aspx?sn=90181

  • Select the “Jesus Kids–Nigeria” Fund
  • In the “memo” box, designate your preferred destination (“Building Fund” or “Monthly Operational Costs”)
  • Continue through the payment process. These donations will be tax-deductible.

Thank you so much for any and all of your support, prayerfully or financially! I look forward to sharing all our pictures and stories with you upon returning!

6th Annual Young Life Troy Gray Legacy Golf Tournament

Kelly Bird, Garrison Gray, Corey Bird, Bryan Bird

As many of you know, the Troy Gray Legacy Golf Tournament is a special event for Corey Bird and his family. Rowland Carmichael is proud to partner again this year with clients and members of our community to support Scottsdale Young Life and the 6th Annual Young Life Troy Gray Legacy Golf Tournament. Nearly $113,000 was raised for Scottsdale Young Life at this year’s tournament. Many young lives in the Scottsdale area will be positively impacted by the efforts and generosity of the individuals and national companies that donated their time and money.

Bob Kohnen, Lacee Floyd, Ernie Modzelewski, Jim Crews

Young Life is an international organization that works with middle school and high school youth in over 90 countries.

We would like to thank those who joined Lacee Floyd, Corey Bird and his family in this year’s tournament, as well as all who participated in the 2017 Young Life Golf Tournament and for everything you do in your philanthropic endeavors.

Every Box of Food Has a Face

17bWednesday morning, May 10th we were able to see the deep impact that one box of food leaves in the lives of hungry children. Rowland Carmichael along with several of our clients and family members volunteered at Feed My Starving Children, (“FMSC”). FMSC is a non-profit Christian organization, founded in 1987, dedicated to feeding God’s children in over 60 countries throughout Africa, Asia, Europe, the Middle East and North, Central and South America. FMSC aspires to reach everyone until ALL are fed.

Our morning began with an introduction to the organization and their facility. Then we each chose the area where we wanted to work: the loading dock, making boxes and labels, filling food bags, or packing and sealing boxes. Working alongside so many volunteers and getting to know them was great fun and caused the morning to pass quickly. Many of the Rowland Carmichael staff volunteered to work in the assembly line helping fill MannaPacks. MannaPacks are packed with rice, soy, dried vegetables, vitamins and minerals. Once filled, we weighed, sealed and packed the bags into shipping boxes.

During the two hours Wednesday morning, we helped pack 186 boxes to be shipped to El Salvador. The MannaPacks will provide 40,176 meals for 110 children to have food for a year.

OmarBefore leaving FMSC, we were introduced to Omar, from El Salvador. Our speaker showed us a picture of Omar and asked us to guess how much he weighed. None of us were able to guess exactly. When Omar was brought to FMSC as an 8 year old, he weighed only 19 pounds. After 6 months of medical attention and MannaPacks, Omar began to transform into a healthy, growing, smiling little boy, and weighed 73 pounds.Omar after

At the very end, FMSC staff offered an invitation to join them in praying over the boxes we filled that morning. We were told that every box of food and pallet is prayed over before it leaves the FMSC warehouse. 93% of the food boxes reach their final destination. FMSC attributes the high delivery rate to prayer. Tim led the group in a prayer for provision of a successful delivery of the food boxes and visible results for the efforts of FMSC.

We are so grateful to the staff and volunteers at FMSC for all the work they do to serve hungry children around the world. We are very thankful for all our clients and family members who donated their time to volunteer with us at FMSC. Rowland Carmichael is planning to volunteer again this fall at FMSC – we hope you will be able to join us!

Education Topics: Reaching Your Goals

By Lacee FloydFamily with spyglass looking toward ocean

“Wealth” is not the end-goal, but rather a helpful tool in reaching your goals. Our main objective as your wealth manager is to help you articulate your financial goals and educate you on possible solutions that will guide you toward achieving those goals.

Think about it this way: if you are going on a road trip and you have a few places along the way that you want to make sure you see, it is important to map out your route. Without understanding the reasoning behind your route, it would be easy to convince yourself in the moment to stay on the highway (passing by sights you wanted to see), or to detour in the spur of the moment (at the expense of the sights you wanted to see). However, when your route is mapped out ahead of time and you understand why you have chosen that route, it makes it easier to stick to it along the way.

As you begin to define your financial goals, we encourage you to take some time to consider the following education topics and notify your wealth manager of any that catch your interest.

  • Financial Independence
  • Cash Flow Planning
  • Estate Planning
  • Charitable Giving
  • Gifting Strategies
  • Insurance Planning
  • Investment Planning
  • Tax Planning
  • Education Planning
  • Business Planning
  • Behavioral Finance
  • Social Security and Medicare
  • Survivor Income Planning
  • Planning for Decline of Memory

Building from Within

The future for Rowland Carmichael and our clients is enhanced by an expansion of the firm’s ownership.


David Carmichael and Tim Rowland are proud to announce that Corey Bird and Jaron Carmichael have become principals and co-owners of Rowland Carmichael Advisors.

Bringing Corey and Jaron into ownership provides a long-term strategic plan that seeks to meet three essential objectives:

  • perpetuating the firm’s culture and values into the next generation;
  • preserving Rowland Carmichael’s independence; and
  • providing our clients with ongoing financial guidance and management of their investment assets.

Just as our clients have a long-term outlook, Rowland Carmichael continues to structure our firm to ensure that our philosophy will continue to build family wealth and financial independence for our clients, their children, and future generations.

We hope you share our enthusiasm for these positive changes as we position our firm to meet your needs long term.

Virtual Food Drive Provides More than 23,400 Thanksgiving Meals

st-marys-packingIt is often said that giving is more satisfying than receiving. Last month, Rowland Carmichael Advisors, joined by some of our clients, experienced the truth of this statement.

We set out to raise money for St. Mary’s Food Bank and then spent an afternoon packing food boxes in St. Mary’s Food Bank warehouse. Not only was it a joy to spend time serving together, but it was an even greater gift to know that we had the opportunity to provide struggling families with food for the week – a blessing that we so often take for granted.

We are thrilled to report that $845 was given to St. Mary’s Food Bank through the Rowland Carmichael Advisors sponsored Virtual Food Drive. Rowland Carmichael donated $2,500 more, which brought the total to $3,345, or 23,415 meals.

In the three days leading up to Thanksgiving, St. Mary’s Food Bank staff and volunteers distributed turkeys and other food items to 12,661 families.

We are so thankful for the generosity of time and money by those who donated to St. Mary’s Food Bank last month, and we hope that you enjoyed it as much as we did.

Rowland Carmichael Advisors plans to volunteer again in the spring, and we invite you to join us! – Lacee Floyd


Goal Setting: How Important?

The feedback received from clients participating in our “Financial Vision” process confirms that goal-setting is very important.

By Tim Rowland

The company which publishes our financial planning software, MoneyGuidePro, recently shared an interesting and, I believe, profound observation: When a financial advisor sets goals for a client, the average number of goals established is 2.5. In contrast, when clients enter goals for themselves, the average number jumps to 7.5.

Why the big difference? MoneyGuidePro didn’t offer an explanation, but my experience suggests that planners tend to focus heavily on the big picture and on funding retirement, while clients are more attuned to their specific needs, wants and wishes.

Consistent with Rowland Carmichael’s core value of “putting the client first,” I appreciate the enormous benefits of looking at goal setting from our clients’ unique point of view. So to the question “How important are goals?” I would suggest this answer: “Very important!”

The goal-setting challenge is to spend time in conversation with our clients about their dreams and their concerns. To that end, we have been coaching some clients through a Financial Vision process, and the feedback has been very encouraging.

The process involves three steps:

  1. Telling us your story. A common question from clients is, “Where do we begin?” Our answer: “Wherever you would like.” It has been amazing for us to learn so much more about our clients, even those who have been with us for more than twenty years. Why is this helpful to you and to us? Frankly, we are products of our history – particularly what is often called our money history. This history helps our clients understand why they act the way they do when facing money issues.
  2. Telling us what you want. The next question we ask is, “What would you like to accomplish that requires planning, money and time?” The conversation helps bring focus to financial priorities, often encompassing travel, volunteering, health, part-time work, spiritual growth, career, friends, family, and many other aspects of your life.
  3. Creating your Financial Vision. Through the Financial Vision process, together we identify your goals, prioritize them, and develop written plans to accomplish your goals within a reasonable time frame. The most effective vision documents, which we can help you draft and track, link the emotions associated with an accomplished goal – such as how proud and happy you will be when, after helping to fund a grandchild’s college education, you are able to attend and celebrate his or her graduation.

As Rowland Carmichael continues to implement our “goals-based” client experience, we invite you to explore the possibilities and benefits that a goal-setting discussion with your wealth manager could offer to you and your family.

Behavioral Finance: What Really Drives Your Money Decisions?

Wise investing involves an alignment between who you are and the traits you exhibit in building and conveying wealth.

By Corey Bird

No two investors are the same, but their financial decisions – both good and bad – are often guided by certain principles and based on a unifying investor profile. Understanding why people make irrational or imprudent investment decisions is a major challenge, particularly when those decisions appear to be inconsistent with the personal values that have served the investor well.

The concept of behavioral finance takes on real importance when emotion and psychology start influencing individual money decisions. As Albert Phung, a writer and analyst for Investopedia.com, explains, behavioral finance “seeks to combine behavioral and cognitive psychological theory with conventional economics and finance to provide explanations for why people make irrational financial decisions.” Too often, ill-conceived or destructive ways push the investor down a conflicted path that threatens to undermine every objective they seek to achieve through structured investing.

At Rowland Carmichael, we help our clients develop and maintain a structured framework for themselves and their families which takes into account their unique personal and financial profile. We recommend that investors work with a team of independent advisors for legal, accounting and financial management to gain an understanding of their investor profile, as well as the education platforms necessary to make them the best investor they can be.

If there is substantial wealth passing to multiple generations, we highly recommend that the grantors engage the younger generations to teach them not only about the governance and stewardship of wealth, but also about the character and values of the people who created the wealth and how they chose to pass it down. We also believe that grantors should weigh the consequences of passing wealth to individuals or institutions that don’t share their values, and to attach appropriate “strings” to the wealth to help ensure that it not only benefits the recipients, but perpetuates the grantor’s values.

If you have questions regarding building and conveying wealth, we invite you to contact your Wealth Manager to discuss your particular situation.