Michael is the founder of Boone Wealth Advisors, LLC. and is a nationally recognized expert in personal finances and wealth management and an innovative entrepreneur and executive. He has found success in a rare combination of diverse personal and business areas. His life’s highest passion is to help people to become free to live their dreams and fulfill their highest callings as he is doing.
As a Financial Advisor for over 30 years, Michael has been acknowledged by Registered Representative Magazine as one of the “Top 100 Independent Financial Advisors in America” in 2010*, by Worth Magazine in 2002 as “One of America’s 250 Best Financial Advisors” * and by Barron’s Magazine as “One of America’s Top 1,000 Advisors” in 2009 – 2012*. Locally, he was awarded the Seattle Magazine “Five-Star Wealth Manager” for client service 2012 through 2016*. Michael has been featured on national television several times to share his financial wisdom on CNN, ABC News Tonight and many regional stations. He has been broadcast on many local and syndicated radio shows across the United States and Canada. In print, his advice and interviews have appeared in publications including The Wall Street Journal, USA Today, Forbes, AP, Reuters and The Chicago Tribune. The Hindustan Times, Kiplinger Retirement Report, Bloomberg Personal Finance and Consumer Reports among many others. Michael is a CERTIFIED FINANCIAL PLANNER™ and a Chartered Financial Analyst.
As an entrepreneur, Michael funded his shoestring startup with under $1,000 of his own money he led the firm to a 12,000 fold growth in its valuation. This tremendous growth has been internally funded only from cash flows with no debt. As an Executive Michael landed the firm on “Washington’s 100 Fastest Growing Private Companies” list published by the Puget Sound Business Journal in 2004, 2005, 2006; while generating a compound annual average growth rate of 40% per year for his entire career. All this growth was produced organically with no acquisitions. More extraordinarily, none of this growth came from our advisors taking clients from a previous employer. We are proud our growth has been exclusively in the most ethical form.
As a Business Owner and Leader Michael has been recognized as being an innovator. He was recognized in 2002 by Puget Sound Business Journal as one of Seattle’s “Top ‘40 under the age of 40’ Community Leaders” *. Reflecting his passion to create a new and more just organizational model, all employees who have been with the firm for more than a year have ownership participation in the form of either stock grants or outright shares of ownership. This includes not only advisors but unlicensed and administrative staff. Perhaps most impressively, during Michael’s entire three decades as an advisor and Executive, neither he nor anyone in the firm received any disclosable client complaints or were subject to any regulatory actions. Clearly expressing his “team first” values in his work, when he left his role as CEO he was the lowest paid full-time employee in the firm.
As a Marketer Michael, broke new ground for financial services firms. In July of 1996 he taught himself HTML and designed, coded and promoted what might have been the first web site in the United States for an independent financial advisor. Michael made use of link, banner and tile advertising in the 1990s and with virtually no competition on the web at that time organic growth was exponential. Leadership continued in the 2000s with videos, a blog and social media.
As a Philanthropist Michael was recognized nationally among financial advisors by Invest in Others for his work with African orphans in Zambia. In his role as chief welder he helped to build a school in Zambia from which many highly regarded students have graduated and he taught dozens of village headmen western leadership principles for combatting the devastating effect of AIDS in their land. Together with his wife Elizabeth, Michael funded the construction of an orphanage in southern Zambia near lake Kariba in Zambia. He founded and is President of a charity which is dedicated to connecting people with people and with nature and he leads an annual family nature camp which is completely funded by the charity. The Boones also love to share their passion for travel with others having acted as group tour organizer, funder and guide for over 50 people on international adventures who would have otherwise likely not traveled.
Michael is an enthusiastic learner. As a student, he earned a BA from the University of Puget Sound with two majors, Business and Psychology, and he is currently eearning the Master of Science degree in Financial Planning from the College for Financial Planning. He has furthered his education by taking professional finance and management courses at some of the best business universities in the world:
- The Booth School at the University of Chicago
- The Wharton School of the University of Pennsylvania
- The Kellogg School of Management at Northwestern University in Chicago
- The School of Management at Yale
- The Sloan School of Management at MIT in Boston
- The Anderson School of Management at UCLA
- The Fuqua School of Business at Duke University
These classes are in addition to the continuing education requirements of his licenses and professional designations. As a speaker, Michael has shared with many charitable groups, schools and a university and has preached sermons at churches on two continents.
Michael exhibits rare skill as an athlete. Michael was an NCAA scholarship football player in college for four years and an award-winning track athlete competing at the district levels. In high school he set school records in both football and baseball. Michael is an avid backpacker and climber. The Boones have hiked over 50 miles of trails on four continents including an unsupported 62-mile trail-less hike through the Brooks Range in the Alaskan Arctic. They have climbed several notable mountains including Mount Kilimanjaro in Africa, the highest mountain on the continent at over 19,000 feet in elevation. Michael is passionate to learn about the world first-hand and he is an accomplished world-traveler, having experienced 60 countries so far. Aside from his feet, his favorite way to adventure is as a motorcyclist which he has done on three continents, including a 40-day 6,000-mile solo ride across the western United States. Michael is an accomplished photographer and enjoys reading, writing, music and concerts. Michael and Elizabeth have been happily married for 30 years.
*For award information please click here: Disclosures