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Favorite financial adviser bought her first business at age 11 | Local News

Favorite financial adviser bought her first business at age 11 | Local News

Henry County’s favorite financial adviser this year, according to the Post-Intelligencer Readers’ Choice awards, is Ashli Scott Newcomb of Paris. 

She is the award-winning wealth manager and partner at her independent Kingsview Partners franchise in Paris, and also owns a second business, Ashli Brooke LLC, involved in coaching and financially mentoring customers and businesses.

But she began learning about money and investments at a very early age. Now at age 32, she already has more than 20 years of business experience. Long before she was even a teenager, she was doing odd jobs around the neighborhood and selling candy on the playground.

“I was knocking on doors around the neighborhood, asking to clean out flower beds, organize kitchens and closets, walk dogs or babysit. I even push-mowed lawns — with their equipment! I didn’t have any equipment, but I had sneakers and strong will to make money,” she said. “My sisters and friends would spend their time playing while I knocked on doors, asking for chores to earn money.”

By the time she was 11 years old, in 6th grade, she had a container in her bedroom crammed full of $100 bills — totaling tens of thousands of dollars in profits — plus a ledger book detailing how she’d earned so much.

Her parents are Chris and Donna Scott, who own E&W Electric, located — where else? — Ashli Lane in Paris, as well as Off the Square on South Brewer Street and quite a few rental buildings in Paris.

 

AN EARLY TALENT REVEALED

Ashli’s mother discovered her stash, and went directly to school and checked Ashli out to explain why she had so much money. The ledger book helped her parents understand all that money, and Donna took Ashli straight to the FirstBank trailer (before it built a bank here) to open a checking account and deposit her savings.

“I had never felt so anxious and disappointed in my entire life,” Newcomb said. “I felt as if I was literally giving away my entire life savings, and I knew just how hard I had worked to save it. The idea of me not having control of my money and my future was unsettling.

“So, this is where my mind went to work on how I could have control of that money and have it working for me — not just sitting in an account at the bank. My desire to make my money work for me is what urged me to embark upon my entrepreneurial path.”

Looking for something in which to invest her money, she and her mom learned that the Merle Norman Cosmetics studio in Paris, near where CVS Pharmacy is now located, was for sale. So she created a “PowerPoint presentation on why I should buy the Merle Norman studio rights” (the business, not the property).

Her parents had to sign the legal documents, but Ashli bought the business, moved it to their home, and through “sheer determination and hard work,” she successfully operated it after school, nights, weekends and summers, until selling it while a student at Henry County High School.

“However, I couldn’t have done it without the guidance and mentorship of my mom. This early taste of entrepreneurship ignited a passion within me — a passion for coaching, mentoring and advising fellow business owners and women on their journeys to success.

“I draw inspiration from my own mother, a successful businesswoman navigating a male-dominated world. Her experiences with a dismissive financial adviser fueled my commitment to empowering women. No woman should ever feel inadequate, unheard or lacking a plan for her financial future.”

 

INVESTMENTS RAISE COLLEGE FUNDS

She invested the sale proceeds, and after graduating HCHS in 2010, she paid her own tuition and related costs to attend the University of Mississippi, graduating summa cum laude in just three years with a business administration degree.

While at college, she convinced the Ole Miss IT (information technology) department to create a new position and hire her at the salary she requested to recode the university’s website, still being used today, and upgrade and digitize many related programs, publications and other offerings to the public, including sports information. 

She said the Southeastern Conference liked what she did for the Rebels, and she wound up doing the same thing for several SEC schools.

A year before graduating Ole Miss in 2013, she was hired as a financial manager with Edward Jones, moving to St. Louis after graduation, then back home to Paris in 2014, serving more than 1,000 clients in her hometown.

While with Edward Jones, she earned the firm’s Ted Jones Prospecting Award, recognizing the high level of success early in her career. Less than 7% of the firm’s financial advisers received this award. She also earned the firm’s Eagle Award for her “clear vision of both client and business goals,” an award earned by less than 14% of its advisers.

Newcomb’s areas of focus in her two businesses include strategies for retirement income, wealth and estates and legacies, as well as portfolio reviews, for entrepreneurs and business owners. Her assistant is Molly Comer Jackson, who’s worked with her for the past four years.

“It’s a true blessing to be able to live and work in Paris, Tennessee,” Newcomb said. “We stay very, very busy.”

Her  dream was to be a self-made millionaire by her 30th birthday, a dream she accomplished. She has a daughter, Caroline Kate, age 8, and a son, Ford, 4, and they attend First Baptist Church in McKenzie. Newcomb is a board member of the local Healthcare Foundation, is a past member of the Paris-Henry County Chamber of Commerce board of directors and has been active in the Lions Club.

Newcomb said she recently looked outside, and saw Ford spraying weeds with a weed killer. She asked him what he was doing, and he told her, “Mom, I’m just out here enjoying nature and making money.” Preparing them to understand finances, both children have their own stock portfolios and budgets.

Speaking to Post-Intelligencer readers, Newcomb said she’s so excited to have been voted the favorite financial adviser. “Here’s to living boldly, dreaming big and creating your legacy. Here’s to you becoming financially fearless!”

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