Having started his career in the finance industry in 1998 at the age of 23, Richard Dolan has worked hard to cement himself as one of Canada’s top financial leadership experts. Throughout his career, Richard has accomplished a great deal of success, and it’s thanks to his vast knowledge of wealth management and investments. Richard is a wealth merchant specializing in bringing financial life education, solutions and possibility to his clients with power, grace and ease.
As a child, Richard had a rough time growing up. In school, he had to deal with racism from his peers, as his mother is South American, and his father is Eastern European. To the other kids, Richard wasn’t white or black, leaving him as an outcast. His home life wasn’t easy, either. He came from a broken, lower-middle-class home and was eventually kicked out at the age of 16.
Richard didn’t want to be another homeless youth statistic who got dragged into the world of crime and drugs. Instead, he decided to pursue a life of entrepreneurship. Growing up with a lack of financial security helped him recognize the importance of getting his finances in order to live a stable life, and thus his journey began.
In 1992, around the age of 16, Richard began working in the financial services arena and wealth management industry doing cold calls. He was making 300 calls a day, every day, and as he learned more about the industry, it quickly became apparent that this was the future for him. Countless opportunities were arising around him, and it was only a matter of time before he got the chance to seize one.
Richard noticed that none of the higher-ups around him were bringing lunches to work, but instead going out to eat, taking their expensive cars to do so. Every Monday, he’d listen as they talked about their weekends away at their summer homes, and Richard’s dream grew stronger with every passing week.
The first official venture Richard was a part of was at the age of 23, as a co-founder of an asset management company named Infinity Mutual Funds. The company mirrored Warren Buffet’s philosophy on investment, “Buying strong businesses domiciled in strong growing industries with no price target or time frame in mind,” which they used to scale their business and acquire $1 billion in assets within one year.
The company was eventually sold for $144 million, leaving an impressive mark on Richard’s resume. The experience taught him the importance of setting goals for himself, committing to his actions, and working hard to achieve success. Richard has applied all of that to each venture he’s worked on following his leave from Infinity Mutual Funds, and it’s been a great help in scaling the ventures that followed.
The most notable of which being LEGACY, a privately held boutique firm specializing in the relationships people have with money, wealth, and their worth. Through coaching, education, and mentorship, Richard and his team help clients achieve financial freedom. In the last few years, he has raised over $7 billion in assets and coached thousands of financial planners, investment advisors, and institutions on living, leading, and leaving a legacy.
You can find more information on Richard and his company through his website, RichardDolan.com, or head over to his Instagram, @Richie_Dolan.
