Tony Parr, Partner, CFP®
Welcome to our Employee Spotlight!
We have an incredible group of talented, fun, and dedicated employees here at Parr McKnight. Our Spotlight focuses on our people who contribute to the success of our firm. This month we are sitting down with Tony, to hear more of his passions, his history, and his exciting year so far…
What keeps you in the business?
I love what I do. I love who I do it for. I love who I do it with. Simply put, the goal is to improve our clients lives because they are associated with us.
If you are a seasoned veteran, what advice would you give those new in the industry?
No shortcuts! The first $50k you make is the hardest. The failure rate is high. I look back at my training class of 50 people; less than five are still in the business – a 90% washout rate. The business has changed a lot, from picking up the phone, to solicit investment transactions, to the importance of the greater picture. It's about understanding and connecting with people. Building trust and rapport, detailed planning, investments, and tax strategies. It's become a complex business necessitating a larger team and a collaborative effort.
If you were stranded on a deserted island, what three things would you have and why?
My iPad, a magic refrigerator stocked, and restocked with my favorite food, and my wife. If I could have seven wishes – I'd take our four dogs too!
What is one interesting fact that not many people know about you?
When I was 5 years old, I was bitten by a rabid mongoose. I had to go through a series of 41 painful injections over six weeks. I stopped foaming at the mouth a few years ago. ;)
What is your motto/personal mantra?
Lou Holtz- "Do the right thing, do the best you can, and always show people you care."
What is your favorite local activity?
Visiting the North Shore. It connects me to nature and provides peace and solitude. It's Minnesota's freshwater ocean. No dock required.
If you could have one superpower, what would it be and why?
The ability to read women's minds – so my wife will like me more. Jokes aside, and on an altruistic note, I'm reminded of the Fish & Loaves story. I would want to have the ability to feed the masses. Shelter and food are basic needs that so many don’t have.
What hobby outside of work are you really passionate about and why?
Skiing! It combines courage, athletic ability, and connection with nature.
When you retire, you want to enjoy….?
Discovering outlets suited for my purpose and passion. In other words… I'll still be working at Parr McKnight with my favorite peeps