Richelieu Dennis is in the eye of the hurricane. That's what Holly Hendrix thinks when she looks at the recent growth of Dennis' natural personal care products company, Sundial Creations. "Don't micromanage it. Go with it," Hendrix, a UBS financial advisor told Dennis, her client of only a few months. "Ride the wave. Try not to lose any important pieces along the path, and then at the end you'll clean up the mess and you'll be wherever you are, which is bigger."
Hendrix and Dennis began their professional relationship following the July kick off of a six-month pilot program between UBS Wealth Management Americas and the William J. Clinton Foundation. In this philanthropic endeavor, UBS and the foundation have created 10 teams in the New York City area. Each team consists of an entrepreneur, a financial advisor and a mentor (who is also a UBS client) who are matched up by UBS and the Clinton Economic Opportunity Initiative (CEO), a group within the Clinton Foundation. The program is aimed at providing the nascent businesses with more sophisticated resources and advice than they could obtain on their own. By helping the companies grow, the program aims to help them create more jobs. And, the financial advisors give their advice for free.
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