Joey Miller – New Braunfels Investment Advisor Helps Clients Navigate the Complex World of Wealth Management
By Space Coast Daily // August 3, 2024
Joey Miller has spent over 20 years in the investment industry, helping clients navigate the complex world of trading and investing.
Based in New Braunfels, Texas, Miller takes a hands-on approach to serving his clients, traveling across 40 states to meet them in person and evaluate potential investments.
“I search and invest alongside my clients so that I have a vested interest in the same goals as them,” Miller says. “We share in the success and the failures and learn from them.”
This philosophy of shared risk and reward reinforces Miller’s work as an investment advisor and partner at John Galt Wealth Solutions. The firm caters to business professionals, entrepreneurs and high-net-worth individuals seeking personalized investment strategies.
Miller’s approach emphasizes fiscal conservatism, prudent financial management and risk mitigation. This conservative stance helps ensure the security and long-term growth of his clients’ portfolios.
“We try to duplicate things that go right and reduce the investments that go wrong,” Miller explains. “It’s never perfect or even easy, and every day presents challenges, but we keep moving forward with the best information we have at the time to reach our goals of more success than losses.”
Miller’s path to becoming a successful investment advisor wasn’t always smooth. He recalls early challenges that helped shape his work ethic and problem-solving skills.
Joey Miller Reflects on Early Career Challenges
Before entering the investment world, Miller worked as a cabinet maker. He vividly remembers a crucial moment from those days.
“I was only 26 at the time and needed to get the cabinets installed over the weekend as I had another job Monday morning,” Miller recounts. “When I showed up at the job site, there was no power or lights as the power had gone out.”
Faced with this unexpected obstacle, Miller didn’t give up. Instead, he found a creative solution.
“I had traveled a long way, so I needed to borrow a generator, bring in lighting, and work all night to meet the deadline to be at work on time Monday morning,” he says.
This experience taught Miller valuable lessons about flexibility and perseverance – traits that would serve him well in his future career as an investment advisor.
“All these years later, challenges always come up,” Miller reflects, “So being flexible and patient are important virtues needed to overcome what life may throw at you.”
The Joey Miller Way of Team Building
When starting a new project or tackling an investment challenge, Miller follows a methodical process. “I call my team and first get their feedback,” he explains. “Then I reach out to others in the industry to see how they solved the problem in the past.”
After gathering input, Miller develops a strategy and presents it to his team for approval. Once everyone agrees on the approach, they implement the plan. “Doing the research first and asking a lot of questions doesn’t guarantee success,” Miller says. “But it gets us closer to the goal.”
This collaborative approach, combined with thorough research, helps Miller make informed decisions for his clients.
The Leadership Philosophy of Joey Miller
As a partner in his firm, Miller takes his leadership role seriously. He believes in leading by example and being willing to tackle any task, no matter how small. “As a leader or owner, you are the example that gets set in the organization,” Miller explains. “The first one up, and the last one working. You’re able to do all the tasks of each employee and the last one to get paid.”
Miller emphasizes the importance of being calm, patient, and enthusiastic as a leader. He also believes in showing grace and understanding to his team members. “A leader has to take charge but yet respect the views of others,” he shares. “You must be forgiving and kind.”
To motivate his team, Miller uses a combination of financial incentives and personal gestures of appreciation. “I offer a comp plan and bonuses, not just in money but in trips and time off,” he explains. “When times are slow, I give them extra time off. I give out presents to show appreciation and call and check in on them regularly just to see how they are doing.”
Approaching leadership in such a balanced manner helps Miller create a positive work environment while still driving his team toward ambitious goals.
Joey Miller Balances Work and Life with a Principled Approach
While Miller is deeply committed to his work, he also values his personal life. He considers being a husband and father his greatest accomplishment and finds inspiration in literature. He cites Ayn Rand’s novels “Atlas Shrugged” and “The Fountainhead” as his favorite books.
“These books offer challenges to the fundamental principle of standing by your convictions against those that are corrupt,” Miller said. “Corruption has always been here and will always be. But if you stand your ground and try to do what is right in the face of adversity, you can look at yourself in the mirror and say, ‘While I’m not perfect, I sure gave it a perfect effort.'”
This philosophy seems to guide Miller in both his personal and professional lives. He strives to maintain his integrity and stand by his principles, even when faced with challenges.
Joey Miller on Overcoming Adversity and Planning Ahead
Throughout his career, Miller has faced his share of challenges. From economic downturns to projects not closing on time, he’s learned to navigate uncertain waters. He credits his ability to persevere to what he calls his “superpower” – willpower.
“I don’t give up,” he states. “I find a way. I push forward. I use relationships to gain knowledge and find what works and doesn’t work. And I’m always looking for a better result.”
Looking to the future, Miller sees both challenges and opportunities in the investment industry. He believes the trend toward automated “robo-trading” will make personal relationships even more valuable.
For those considering a career in investment advising, Miller offers this advice: “Never stop learning. Specialize and do something different than everyone else, and expect change and volatility. Be cautious, and conservative. Live on a meager budget to plan for hardship. Don’t overspend.”
Miller’s blend of experience, conservative principles, and personal touch sets him apart in an increasingly automated industry. For him, success isn’t just about financial gains; it’s about building lasting relationships, maintaining integrity, and continually striving for improvement.