Over a lifetime of providing financial advice, Troy Baily has seen it all. Whether it’s the tension that builds in families that feud over resources, or the destruction that estate taxes can cause, Troy has been deeply impacted by his experiences. It guides the financial planning services he provides to his clients. By witnessing the destructiveness and ramifications of unplanned financial situations, Troy decided to dedicate his time and effort towards providing individuals with a service to help avoid estate planning difficulties. His passion for problem-solving took root in Troy Baily’s successful business, CBL Advisors Group, an independent financial firm dedicated to providing individuals a means to plan for retirement and all the potential dilemmas that come with it.
Retirement should be a time of exploration and joy. As you finish out the time you spent dedicated toward working hard and providing for yourself and your loved ones, you want to put yourself in a position where money isn’t dictating the choices you have to make. Troy Baily believes wholeheartedly that with the proper financial guidance and planning, anyone can be able to lead a long and healthy lifestyle well after leaving their means of providing behind.
Troy Baily and his team work intimately with clients to craft a strategic plan explicitly dedicated to the needs of their clients. CBL Advisors Group utilize detailed and focused looks at your specific circumstances to provide individualized advice. By avoiding cookie-cutter procedures and one size fits all plans, Troy Baily has created a system to leave clients of all sorts satisfied with his and his employees’ services. CBL Advisors Group focus on decisions centered around retirement, taxation, and estate planning and provide insight to make sure outside influences aren’t scamming their clients. This dedication to protecting clients and awareness towards the vulnerability of retirement has left Troy Baily and CBL Advisor Group renowned in the field of financial services.
As a believer in the importance of family, Troy doesn’t just talk the talk but also walks the walk. Troy Baily works alongside his wife Marti at CBL Advisors Group. The professional environment they have carefully cultivated has a proven record of allowing clients to strive toward their dream goals in retirement. Troy recognizes that so many individuals care deeply about leaving behind a legacy for their loved ones. He and Marti raised four sons, Taylor, Trevor, Tucker, and Travis–whom they love dearly and regularly visit as they watch them pursue their own professional and personal dreams. When you employ CBL Advisors Group, you hire a company that understands the significance your family has on you and how much space they occupy in your retirement planning.
Troy and Marti take particular pride in their charitable efforts and the means through which they serve their community and church. Troy Baily recognizes no man is an island, and we all find success through the support of those around us. Giving back financially to their community is one of the many ways Troy and Marti show the significance of the ways they have been blessed and attempt to share those blessings with those around them.
Where did the idea for CBL Advisors Group come from?
The name for CBL Advisors Group originated from numerous clients about how nice it would be to create a plan or a strategy to have “Consistent Benefits for Life;” or consistent income for life. Thus CBL was formed and an advisors group was added as more professionals in other fields formed a group of professionals helping people.
What does your typical day look like and how do you make it productive?
A typical day around the office begins with reviewing current events that could affect our clients. Client files are reviewed for upcoming special events, birthdays, anniversaries. 1-2 hours per day is spent studying new options of insurance or product designs that could benefit our client base. Client meetings and phone calls are spread throughout the day. The prospective events team meets after lunch to discuss growing the firm and how to better serve current clients.
How do you bring ideas to life?
Many of the ideas that we share with our clients originate through life experiences while listening to our clients, their families’ experiences, and the experiences that we have witnessed firsthand. From these experiences, consulting with other professionals, and educational training with industry specialists we formulate a plan to fit each of the concerns as much as possible.
What’s one trend that excites you?
Business trends that excite me are those that are truly client-driven. Insurance options that have reduced internal cost and operating fees are a trend that allows for more accumulation opportunities as we drift away from depending on Social Security
What is one habit of yours that makes you more productive as an entrepreneur?
Understanding time management has been an ongoing goal with us. Time is ultimately all we have to share our professional experience and to educate others. When you run out of time in a day, if you have not been efficient then the time has been lost.
What advice would you give your younger self?
Do not be afraid of failures as they are the greatest teaching moments in life. Now with that said, understanding people and how they respond to money and adversity along the way will help you deal with life moments that can affect a client’s family
Tell us something that’s true that almost nobody agrees with you on.
I believe we are all blessed with the ability to accomplish anything but it is the choices we make that limit the outcomes.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I would say this, replicate your successes and minimize your distractions.
What is one strategy that has helped you grow your business?
It seems like the more we began to embrace technology it helped reduce the stresses of paper shuffling and allowed us to spend more time in front of our biggest assets. People! CRM systems, Zoom Calls, video conferencing, connecting team members on projects in office and remote.
What is one failure you had as an entrepreneur, and how did you overcome it?
Choosing the right personnel or business partners with the same goals is very important. Past failures you cannot let define your future successes and who you are.
What is one business idea that you’re willing to give away to our readers?
Without your absolute truth absurdity will reign! Always do what’s right even though it may not be easy!
What is the best $100 you recently spent? What and why?
I bought my first suit and began my journey into the business of helping people—Treat people as you wish to be treated.
What is one piece of software or a web service that helps you be productive?
Docusign and remote scanners.
What is the one book that you recommend our community should read and why?
The Living Bible—-All you need to know about right and wrong, accepting others, showing mercy when things do not go your way, Showing grace when someone wrongs you.
What is your favorite quote?
“Without absolute truth absurdity reigns”
- It was a struggle being open with myself about the good and bad that has happened over my career.
- Sharing with others is the key to the future successes of this business.
- Sharing will continue on the historic legacy of the past
- Helping others is more rewarding than my personal successes
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.