Lea Schodel, an unconventional financial planner, found a unique way to blend her love for yoga with her expertise in financial planning. Initially, she believed these two passions were incompatible until a transformative experience in a yoga class changed her perspective. This pivotal moment occurred around 2012, coinciding with the sale of her Contract Paraplanning business. Schodel, who had dabbled in yoga previously, discovered a deeper connection to the practice through a teacher who integrated philosophical teachings with physical poses, revealing the holistic nature of yoga beyond mere stretching.
This newfound insight led Schodel to delve deeper into yoga philosophy and incorporate its principles into her professional life as the director of MHP Private Wealth. Feeling a sense of imbalance in her life, she recognized the importance of total well-being and sought to introduce this concept to the financial planning industry. Schodel’s journey of self-discovery ultimately led her to embrace yoga as a tool for achieving balance and overall well-being, a philosophy she now imparts to her clients.
A finalist in the AFA Female Excellence in Advice Award, Schodel is particularly passionate about empowering women in matters of wealth management. She founded the WealthyCo movement, offering programs that equip women with the confidence to navigate their finances skillfully while promoting a mindful approach to wealth. By partnering with non-profit organizations, Schodel aims to advance women’s causes in the community, emphasizing the intrinsic link between financial empowerment and overall well-being.
Central to Schodel’s approach is the belief that managing money is intertwined with managing one’s self. She emphasizes the role of subconscious beliefs in shaping financial outcomes, advocating for a holistic understanding of wealth that goes beyond traditional financial planning paradigms. Schodel’s distinctive philosophy has resonated strongly with her predominantly female clientele, many of whom were previously hesitant to seek financial advice.
Recognizing that her approach may not appeal to everyone, Schodel acknowledges that she is not striving to cater to a broad clientele but rather to those who align with her values and philosophy. By embracing her creative inclinations and integrating yoga principles into financial planning, Schodel has carved out a niche in the industry, attracting clients who resonate with her unique blend of expertise and holistic approach.
With 15 years of experience in the financial planning sector, including roles as a paraplanner and director of Contract Paraplanning Services, Schodel brings a wealth of knowledge to her practice at MHP Private Wealth. Her academic qualifications in financial planning and business management, coupled with her active involvement in professional associations like the AFA, underscore her commitment to excellence in the field.
Ultimately, Schodel’s journey serves as a testament to the power of integrating diverse passions and philosophies to redefine traditional practices in the financial planning industry. By infusing her practice with the principles of yoga and mindfulness, she has not only found personal fulfillment but has also created a unique space for empowering women and promoting holistic wealth management.
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