Today we’d like to introduce you to Steve Taddie.
Steve, please share your story with us. How did you get to where you are today?
I got started in Phoenix in 1985, like many of the 70-90,000 people that move here each year…looking for opportunity. For a kid that grew up in a town of about 1,500, with an interest in the investment business, the demographics of Phoenix were about the best in the country. My parents were both in education, with my mother a teacher and father a high school principal. They gave me a great start, but to create an investment business from scratch one has to either know a lot of wealthy people or meet a lot of wealthy people. Farming communities are not known for having stockpiles of stock market investors. Since I have been in Phoenix, the population of the metro area has grown from about 3 million to over 6 million, and the business climate has been favorable for growing wealth.
Showing up accounted for less than 1/10 of what was needed to succeed. Lots of time and effort filled in the other 9/10. Over the last 32 years, I have worked for other firms as a stockbroker, a brokerage firm branch manager, and as a portfolio manager, prior to starting my own firm in 1998. During that time I met a number of people (professionals and clients) that went out of their way to help me get established. As I have learned over the years, good people are hard to find, and I was lucky enough to surround myself with a number of quality folks.
I have been in the same office on Camelback Road for almost 18 years, and have been lucky to have a stable group of professionals around me and many long-term clients.
Overall, has it been relatively smooth? If not, what were some of the struggles along the way?
Where is the fun on a smooth road? I have an Orange Jeep Wrangler for tackling off-road personal journeys, and a great staff at the firm for tackling the challenging business journeys. The journey is what makes life worth living.
In a business that is directly impacted by the ebbs and flows of the investment markets, I have experienced three nasty stock market declines; October 1987, where the stock market dropped about 25% in one day, the roughly 45% declines of the 2000-2002 period and the more abrupt one in 2008. Volatility is part of the industry, and you either manage it, or it manages you. I think it was Rocky Balboa in his advice to his son that said, “It’s about how hard you can get hit and keep moving forward”, kudos to the writer…what a great line.
I’ve been blessed with an excellent team at Stellar, that has smoothed the journey through market volatility. While as challenging as it is to put together a great team, it is also gratifying to see that team tackle client challenges.
Stellar Capital Management – what should we know? What do you guys do best? What sets you apart from the competition?
Stellar Capital Management provides professional custom-tailored investment management and exceptional personalized service. Our clients are a select group of people who seek a long-term, high-quality relationship with a stable investment firm staffed with a talented and experienced team of people who care about providing you with unique solutions for your unique life.
Our mission is to provide high-quality objective financial advice and investment management to a select group of clients using practical and research-driven investment strategies that are supported by our years of experience. With a business history dating to 1984, we are one of the oldest Phoenix headquartered investment advisory firms.
The firm has built a solid reputation as an asset management company and has gained national recognition with economic forecasts that are used by the National Association of Business Economists, Western Blue Chip, and Bloomberg.
What is “success” or “successful” for you?
Success is a personal definition. I would define success as being able to manage a good balance between work, play and community improvement initiatives, while doing the things that make you smile. It is easy to get out of balance, but when someone has struck the right balance, you can see it in their eyes and the quality of their relationships with others.
For those of us fortunate enough to enjoy success in business, it is important to invest back into the community that has helped you be successful. In a sense, you are following the old Boy Scout motto of leaving the campsite better than you found it.
There are many non-profit organizations in Phoenix that do good work that need the help of volunteers. Volunteering includes helping out on the ground floor, assisting with fundraising efforts, leadership, and of course going the extra mile as a service provider to a non-profit. I am proud to say that our family and our firm has been very involved with Arizona non-profit organizations in all of the previously mentioned areas.
Balancing family, business, personal interests, and giving back takes time, and making sacrifices, which is why so many do not get involved.
- Address: 2200 East Camelback Road
Suite 130 Phoenix, AZ 85016
- Website: www.stellarmgt.com
- Phone: 602-778-0307
- Email: firstname.lastname@example.org
- Other: https://www.linkedin.com/company/stellar-capital-management-llc