Eric E. Schaefer joined Pierce Financial Strategies in 2018 after graduating from the University of Illinois. Eric graduated top of his class in U of I’s Financial Planning program. While attending the University of Illinois Eric served as the Financial Planning Club President for several years while also acting as a financial peer educator through the University Extension’s Financial Wellness Program.
“I had the unique privilege of earning an actual degree in Financial Planning. Since the entire program was designed around the theory and progression of the financial planning service model, I was able to see the many different ways this service can be provided to families. It didn’t take long to realize that there were some significant weaknesses in the more traditional compensation models, and that fee-only planning was the most transparent and effective service model of them all.”
As a veteran himself, Eric volunteers his time to help current and prior military address their unique financial needs. He continues to serve on the Student Membership Committee through the Alliance of Comprehensive Planners while also working as a consultant for a CFP Review Course provided through LoneStar Financial Education. In addition, Eric maintains a website and blog dedicated to advancing the development of up-and-coming individuals getting ready to start their own financial planning careers.
Eric currently lives in O’Fallon, IL with his wife Amanda, daughter Adeline, and Golden Lab Sophie. In his spare time, he can either be found reading the latest journals and research on the industry or creating memories with his family. “Over the past few years I’ve come to realize the similarity between family-life and financial planning. Just as most of us were never taught how to be the best spouse or parent, we often don’t know what we don’t know about managing our financial situations, frequently causing us to revert to what we observed in our own families growing up. I believe, as financial planners, our job is to help provide a new perspective and to act as a fiduciary and guide to help clients navigate life’s many financial challenges.”