INTERVIEW
by advisors staff
reimagining mortgage advice The first step on a full financial journey
I
t’s such a clichéd scene, that it’s now embedded in the minds of most homeowners: the day when the mortgage is paid off and it’s ceremonially burned in a fireplace or an ashtray. And conventional financial wisdom—from the likes of Dave Ramsey to Suze Orman—is to pay off a mortgage as soon as possible. But there’s little that’s conventional about David Ingle, Accredited Wealth Management Advisor (AWMA®), Certified Mortgage Planning Specialist (CMPS®) and founder/CEO of Synergistic Wealth Management, LLC, located in Chandler, Arizona. Sure, his practice provides the full range of financial advisory services — from investment planning for every stage of life, to helping clients
Ingle said in an interview with Advisors Magazine. “My opinion is that a mortgage is not bad debt,” he explained. “When people tell you to pay off your home as soon as possible, I feel that’s among the most destructive advice you can follow. For the average American, I believe that is absolutely the wrong decision to make.” Challenging mainstream thinking, however, is part of Ingle’s DNA. Even his path to a financial services career was atypical. It dates back to 1979 when at the age of eight he was playing in a Pee Wee Football league. Ingle recalls being bored after his game ended and having to wait around for his brother’s game to finish. “I was just walking along the
“YOUR MORTGAGE IS PROBABLY ONE OF THE GREATEST WEALTH BUILDING TOOLS YOU HAVE.” design retirement strategies aimed at reducing risk and increasing cash flow. His niche, however, is mortgage wealth management, because he firmly believes a client’s home is one of the things that can have the largest impact on their financial success. “I believe your mortgage is probably one of the greatest wealth building tools you have access to, regardless of your level of wealth,” 30 / ADVISORS MAGAZINE
MAR 2022
bleachers,” he recalled. “I looked down at my feet and saw a Wall Street Journal. And I recalled my grandmother telling me that when you’re bored, or can’t figure out something, pick up a newspaper and maybe it will inspire you.” Mesmerized by the numbers in the paper’s midsection, Ingle was inspired to read an article about Coca-Cola stock. It was then that the owner of the paper — a
good family friend who was into securities — showed up. Impressed with Ingle’s eagerness to learn, he took him under his wing and in the ensuing years began teaching Ingle all about markets and investments. At one point, years later, Ingle says he even met Warren Buffet. Today, Ingle is registered as an Investment Adviser Representative. He has worked at Merrill Lynch and completed Yale School of Management’s program for designation as a Certified Private Wealth Advisor (CPWA®). Ingle is also trained as a Certified Financial Coach and Certified Behavioral Finance Expert. Before launching Synergistic Wealth Management in 2018, he served as a top mortgage loan officer at Bank of America and trained in Private Wealth Management.
