When Dave Morgan first joined Compass Capital, it was as an intern, earning credits towards his CFP (Certified Financial Planner) designation.
It’s not every investment advisory firm that also has a pharmacist on staff, but Compass does!
I was curious what made Dave give up a successful career as a pharmacist and pharmacy owner and go back to school to become a CFP. Dave said:
My interest in financial planning was a result of having received bad advice from various sources over the years. I was fortunate to be able to intern at Compass Capital (6,000 hours as required for certification; only 1,000 hours are required to become a pharmacist!) and then to remain on as a Certified Financial Planner. The number one consideration in choosing a financial planner is trust and Tim Shanahan earns the designation of “trusted financial advisor” . Most of my clients are healthcare professionals and I am able to guide them through the vast choices they have with their money and help them choose what is best for them. I have learned what NOT to do when it comes to finance, and that the most important thing you can do is find an advisor you trust.
Dave grew up in Hyde Park, one of eight children (2 brothers and 5 sisters).
He went to BC High and was a member of the Glee Club. Dave graduated from U Mass Amherst with a degree in Zoology in 1978. Of his degree Dave quipped, “The market was weak on zoos for sale so I enrolled at Mass College of Pharmacy which had better job prospects.”
Following graduation Dave went to work at Paul’s Home Pharmacy in Hyde Park. He purchased the store in 1980, and changed the name to Home Pharmacy. A few years later (1986) Dave opened an additional business, a home health care store near Fenway called Boston Home Medical. Not content with just owning businesses, Dave also operated and managed the outpatient pharmacies at Beth Israel and Boston City Hospitals.
In 2003 Dave sold his businesses and left the world of pharmacy ownership. His goal had been to retire at age 50 and he did. This allowed him to pursue his interest in investing and financial planning. Dave enrolled in the Boston University financial planning certificate program and passed the CFP exam. Upon completion of his coursework, Dave became a Compass Capital intern. Today he too is a trusted financial advisor and focuses on healthcare professionals.
Dave also works part time for the Norfolk County District Attorney under a Federal Grant that focuses on decreasing prescription drug abuse and overdose deaths.
Dave is looking to grow his financial planning practice by offering advice on what works and what to avoid in growing and keeping their wealth.
Dave lives in Weymouth with his wife Susan. He is the proud father of twin 11 year old daughters.
Written by guest blogger- Susan Scheide