Seventh Edition Marquis Who’s Who INSIGHT 13 JUSTIN M. MULHOLLAND Financial Advisor, Founder 52 Blue Wealth Management Brighton, MI www.52bluewealth.com How have you navigated disruptions in your industry to remain a top professional? By innovating. Regulators are always changing things in my industry; being ahead of that and knowing where the industry is going has been a big help. I started using the advisory model long before it was cool, and then, I saw where the industry was going – it was trying to eliminate commissions and conflicts of interest. What is the most important issue/challenge you are dealing with in your industry? Regulation changes are constant. What I've been doing the whole time is more paperwork to document why I recommend what I do. Another challenge is the question facing those in charge as to whether we are employees or independent contractors. I don’t want to be an employee. There's nothing wrong with it, but I just feel like having somebody tell me what to do has never been great for me. What innovations or technologies do you feel will shape the future of your industry? Artificial intelligence. We have programs now that can analyze every different product out there, which saves us time. It will cause a situation where the employment gap we have right now will not matter much because we're going to be much more efficient. Robotics is the most exciting area because a lot of what’s done in nursing homes can be done through robots. If you have a nurse with a robot, they can care for three to four people, whereas they can only care for one or two now. FANCHETTE J. MARGUERAT DEGAARD, PHD Owner Marguerat Degaard Psychology PLLC Tarrytown, NY https://www.linkedin.com/in/fanchette-marguerat-degaard-318bb415/ How do you feel your industry has changed/evolved? There was a time when psychology and psychoanalysis were avant-garde industries, advancing the concept of the unconscious, defending human rights and/or women's rights, and being part of the political landscape. It was not always on the right side of politics, easily pathologizing minorities. Nowadays, you see psychology as part of our culture. Self-help tools and basic notions in psychology are all on the internet. It has been incorporated into our culture to help individuals navigate their world, but unfortunately, without an understanding of the depth of the therapeutic work. What innovations or technologies do you feel will shape the future of your industry? Before the COVID-19 pandemic, I never used teletherapy. Now, two-thirds of my practice is behind the screen. The convenience allows me to see people in Japan or Australia, but it's a loss as I miss the texture of life, the smell of coffee, perfumes and looks. I'm always surprised when I meet my patients in person by their body shape, sense of aesthetics and movement style. I don’t think that other technologies like AI will replace the human contact necessary to really connect and develop a trusting rapport. What excites you the most about your industry? What excites me the most is when my patients feel better and freer and have taken our work in to accompany them in their ongoing journey of self-discovery, spontaneously self-reflecting and using their creativity to expand spaces towards new enriching ways to live life fully.
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