Andrew Crowell is aware of the often-negative public perception of Wall Street, but he strongly believes that, if it is done with integrity and honor, there should be no shame in a career in financial management. In fact, it should be the opposite.
鈥淚 think [financial management] is a high and very noble calling,鈥 said Crowell. 鈥淸People in our industry] have the ability to pull a Bernie Madoff, and rob people of their hard-earned assets, or we have the opportunity to help them achieve the goals they鈥檝e set out for themselves. For us, that鈥檚 what gets us out of bed every day; families who are counting on us to wake up and be at the top of our game every day.鈥
Crowell, vice chairman of wealth management at brokerage firm ., was a featured speaker at the Crowell Distinguished Speaker Series in fall 2019. The last name Crowell is no coincidence, as his parents, Suzanne and Donald Warren Crowell, gave the initial gift for 黑料历史鈥檚 Crowell School of Business building, which opened in 2007. Crowell鈥檚 father was the great nephew of both Lula Crowell, wife of Biola co-founder Lyman Stewart, and Alice Gray Crowell, for whom Crowell Hall, Biola鈥檚 Conservatory of Music building, is named.
Andrew Crowell began his career at D.A. Davidson & Co. in 2013, when Crowell, Weedon & Co., founded in 1932 in Los Angeles by Crowell鈥檚 grandfather, merged with D.A. Davidson. While it was challenging for the company to let go of the Crowell Weedon name, in D.A. Davidson, the company found a partner with similar values.
鈥淥ur advisors think this way 鈥 they鈥檙e deeply plugged into their communities,鈥 said Crowell. 鈥淭hey serve on school boards, they volunteer at local nonprofits.鈥
D.A. Davidson & Co. turned to Crowell to pull these community service efforts together and give them some structure. The company is now in their second year of offering financial literacy education in the inner city, and have partnered with Boys & Girls Clubs and the YMCA to get financial literacy to teenagers to help them spend their money wisely.
鈥淲e want to get them launched on a smart trajectory,鈥 said Crowell.
In addition to his work for D.A. Davidson & Co., Crowell serves on the North American Advisory Board of the London School of Economics and Political Science, the board of the YMCA of Metropolitan Los Angeles, the Advisory Board for Two Oak Investment Management, LLC and the board of Five Acres Children鈥檚 Aid Society in Altadena. He also serves on numerous educational and investment committees in his community. He is a native Californian who graduated from Stanford and holds a postgraduate degree from the London School of Economics and Political Science. Crowell has had a passion for serving nonprofits, as his previous career was at an advertising agency focused on serving nonprofit organizations.
Crowell recognized that in recent years, nationwide financial upheaval has left people skeptical about his line of work.
鈥淗aving done this for 25 years now, it grieves me that there is a sentiment in the media, and in the public eye, that Wall Street is the problem,鈥 said Crowell. 鈥淥ur firm, and many many others like ours, started because we wanted to be part of the solution. So to have this huge gulf between Main Street and Wall Street really grieves me. If we鈥檙e helping our clients, whether they鈥檙e individuals or companies, I hope that we鈥檙e helping in some small way to bridge that gulf.鈥
At D.A. Davidson & Co., Crowell sponsors a company-wide service week, where its 1100 employees put in 4500 service hours for over 100 nonprofits across 70 different cities and towns nationwide.
鈥淚t sounds like a lot, but it was a lay-up for me to just add a little structure and then watch the generosity of our employees roll in,鈥 said Crowell.
D.A. Davidson & Co. donates a percentage of their gross profits yearly to charity. In 2018, the company donated $1.5 million back into the local communities they serve, including an employee gift-matching program.
鈥淚鈥檓 proud to work for a company that exhibits [its] culture this way, and not just by a financial tote board that鈥檚 typical of Wall Street norms,鈥 said Crowell.
At the Distinguished Speakers Series, Crowell offered three pieces of wisdom to students in attendance.
1. Perspective
Crowell shared about his early career and several goals and plans that didn鈥檛 work out.
鈥淵our journey may not resemble anything like a straight line,鈥 said Crowell. 鈥淚n fact, it would be surprising if you have it all figured out already and you end up where you think you鈥檙e going. It is normal for you not to know. And even with all the twists and turns and detours, it doesn鈥檛 mean you鈥檙e going to the wrong destination.鈥
2. Purpose
Can you even think about purpose if you don鈥檛 know where you鈥檙e going? In his presentation, Crowell referenced Colossians 3:23-24, the verse displayed in the business building lobby, and pointed toward it as the greatest vocational purpose.
鈥淛esus鈥 focus is not on what you do, but on how you do it, as unto the Lord,鈥 said Crowell. 鈥淪et that as your purpose. That gives meaning to life.鈥
3. Practice
At the event, Crowell was asked, 鈥淗ow do you do it, day in and day out?鈥 His answer was simple but profound.
鈥淎im to leave situations鈥攚hether it鈥檚 a workplace, a relationship, a church鈥攂etter than when you came,鈥 said Crowell. 鈥淭hat doesn鈥檛 have to be complicated. It can be cleaning up a common area in your dorm. It can be a kind word, as you鈥檙e walking back from class, to someone working hard to make the campus look nice. It might mean calming an argument that you see between two of your friends. I want to leave a mark every single day. I had a client call me at 12:30 today, just before I left to come here, and he said, 鈥極ur daughter鈥檚 in trouble, what should we do?鈥 That wasn鈥檛 a distraction; that was where I needed to be right then. That鈥檚 what I mean by leaving a mark. I wanted to make that situation better.鈥
The Crowell Distinguished Speaker Series brings a selection of accomplished business leaders to campus to share their varied professional and personal insights and provides the opportunity to network with fellow attendees including alumni, MBA mentors, faculty, and current and prospective MBA students. Complementary light hors d'oeuvres and dessert are served after the event. The event is always free and open to all.