About Destry Witt
Destry Witt, of Vancouver, Washington, is the President and Chief Investment Officer for RELiANCE Investing, an independent, state registered investment advisor. From aspirations that begun as a child watching his father make real estate deals on the dining room table, then as a business student at Southern Oregon University in Ashland, Oregon, Destry has built himself into a successful financial services entrepreneur over the last 30 years.
Beginning with his undergraduate studies in Business Administration, at SOU, Destry joined the Stock Market team and started an internship with US Bank that evolved into a position as a marketing assistant that provided him the experience necessary to land a job at then one of the largest brokerage firms on Wall Street, Dean Witter Reynolds. At Dean Witter, Destry learned the business the hard way, competing for a position in the firm without the benefit of the firms elite training program.
During this time Destry recognized the demand from the investing public to participate in Initial Public Offers, a market which was previously limited to primarily institutional brokers and their institutional clients such as hedge funds and mutual funds. An opportunity came to light to become involved in the pending Starbucks deal in 1992. A regional brokerage firm from Florida reached out to Destry with the offer of stock in the Starbucks deal should he join their firm. From there, Destry realized that he would be able to turn his career into an independent state and has never looked back.
During his MBA graduate program at Washington State University, Destry began to further expand on his career. He began to think how companies would differentiate themselves from their competition and he decided that his companies would be based on how individuals make their decisions.
With the financial services industry becoming more and more supported with technology, Destry Witt understands the importance of being able to compete on price. The increased evolvement of technology and the Internet has nearly phased out the commission aspect of the financial services industry. Destry believes that if you’re not competing on cost, you’re simply not competing.
Increased government regulations have encouraged lower fees and prices for different services as well as a mandate that took away incentive for companies to provide liquidity. Where a company lacks in liquidity, they see a spike in volatility. In 2018, there were two 20% corrections that occurred within a few weeks of each other compared to 20 years ago where those corrections would have taken months to happen. This increase in government regulations combined with ever-evolving technology leads the future of financial services to be nearly all AI driven with computers buying and selling at indiscriminate prices.
As a result, Destry created products through his businesses that solve a very specific problem that investors encounter. Essentially, potential clients and customers are able to search for the problem that they’re trying to solve, similar to a Google search. This helps keep the personal touch of an investment advisor thriving without phasing out the inevitable technology that is seemingly required in the daily operations of the financial services industry.
To learn more about Destry Witt’s entrepreneurial spirit, insights, perspectives, and views on the future of the financial services industry, be sure to check back often for the latest news and updates!
- RELiANCE Investing (Founder)
- Southern Oregon University (BS Business Administration)
- Washington State University (MBA Business)
Starting a new business is an exciting opportunity that is essential for new or expanding entrepreneurs. New business enthusiasts are, however, required to exercise the necessary due diligence of research to ensure that their businesses are well-founded. Before taking on an entrepreneurial venture, it is important to emphasize and focus on five particular areas.
There is no one path to achieving success as an entrepreneur, but many business owners share a few qualities, outlooks, and habits. By incorporating some common habits of effective entrepreneurs into your own daily routine, you can improve your productivity, enhance your skill set, and increase your chances of making your company a success.
We are human beings. Sometimes that’s inconvenient. No matter how much you love your job, you can still burn out if you don’t look at the whole picture. You need rest. You need to take care of your personal relationships. Your mind needs occasional breaks from your work.
For entrepreneurs, starting your day on a strong foot is considered essential, but once you get through the morning, the need for structure and discipline doesn’t end. There is a significant connection between effectiveness on the job and having a structured and disciplined day. When you have an established routine, you always know what to do next and avoid wasting time choosing the next task. Instead, you accomplish it.
Whether this is the first time you’re starting a business or you’re already a seasoned entrepreneur, it is important to consider factors like market success and industry potential prior to deciding on a business idea. You can certainly achieve success in most industries if you are dedicated enough, but for those who are looking for a business opportunity that is more aligned with current desires and trends, look no further.
For entrepreneurs, long workdays and little rest tend to accompany the title. However, failing to appropriately manage stress and avoid overworking can be detrimental to your health. It can be easy to become overwhelmed when you have a lot of responsibility and authority, so taking measures to effectively manage your time and limit your stress can be beneficial.
Anyone can start a business. With the Internet readily available to nearly every individual, researching industry trends, starting an online shop, and communicating with partners and customers is easier now than ever before. However, when it comes to achieving success, few business owners meet their marks. There are certain traits and habits, highlighted below, that can set entrepreneurs up for success.
Starting or buying a business is not solely determined by an individual’s passion, drive, or ideas. For some individuals, the opportunity of a business’ potential success is more influential than the business or industry itself.
The business start-up process is one of the most demanding stages of business establishment. Aspiring entrepreneurs must grapple with multiple issues, including sourcing for sufficient capital to finance their businesses. To be on the safe side, however, experts advise taking sufficient due diligence to ensure that you do not take excessive risks when sourcing for startup capital. As an aspiring entrepreneur, you can utilize several sources of financing for your startup.
Before starting a new company or venture, the first step requires a solid business idea. However, simply having an idea is not enough to make a viable, successful business. In fact, not all good business ideas would actually make a good business. Here are four qualities of a good business startup idea.
The information on Destry Witt’s website is intended for residents of the United States. This information is not intended to be personalized. This site is for informational purposes only. Nothing contained here should be construed by anyone as an invitation or solicitation to buy or sell any investment. This site does not contain personalized legal, tax, investment, or advice.