About Carl Douglas “Doug” Deweese

Venturing is defined as "proceeding somewhere despite the risk of possible dangers" or "an undertaking that risks a loss but promises a profit."  Thus "venturing" describes Doug Deweese's approach to life--be it marrying, daddying, flying, scuba diving, investing, living a faithful life, etc.  Risk is a part of life but it certainly can be managed by prudent education, experience, and contingency plans.

Marrying his wife Bet 30+ years ago when he was 18 was a great venture that most thought risky; but the venture has proven profitable and led to great places. Parenting Carly, Matthew, and Thomas, all in college or grad schools now, has been another worthwhile venture to share in those wonderful lives.

Going off to the University of Mississippi, married with Bet, gaining an accountancy degree and passing the CPA exam, gave Doug a financial analysis background that has served well in the $150 million 400+ employee family business. Working in the family convenience store venture from boyhood to being the Chief Executive Officer for six years after his dad and mentor Glen Deweese died in 2001 provided insight and experience beyond measure.  Weighing the risks associated with an oil and gas business led to the sale of the family business in 2007 before the oil spike of 2008.

Venturing into the world of insurance was a natural progression as a family man and businessman.  Protecting Bet and the children with life insurance in case personal catastrophe occurred has been fundamental.  Whole life, term life, and universal life has been used to provide such coverage.  Complex products such as split-dollar life insurance and life insurance trusts are tools used to care for future interests and estate tax planning.  All of this high-end exposure came for Doug before entering into the insurance business, so a great basis was already in place for this plunge.

Investing to build wealth and leverage assets also was a natural progression. From home ownership at age 22 to real estate investments individually and in the family business, along with a myriad of financing and ownership arrangements, real estate provided the basis of the Deweese family wealth.  Stock market investments along with futures and options strategies are familiar arenas for Doug.  He is presently security licensed to sell mutual funds, variable life insurance, or variable annuity products.  Meanwhile, he is currently pursuing security license training for full investment brokerage services and becoming a certified financial advisor. 

Learning through the high interest rate environment of the 1980's and the present low interest rates, Doug also experienced the bubbles and crashes in the markets from the ‘90’s to present primarily through personal investing.  However, after the family business was sold in late 2007, more family money was at risk under Doug's direction. In April 2008, his broker placed that family money into a wealth management program at the broker's firm.  After losing 10% by August 2008, Doug placed these funds into cash positions, bypassing the financial crash that would have halved the family wealth.

Motivating Doug in the pursuit for financial solutions for his family and others, he began asking the questions necessary while seeking out answers of why losses of wealth were being simply accepted.  Doug believes God positions persons in the proper place to receive what they are seeking.  Becoming an agent for New York Life in 2008 provided some answers of using dividend-paying, cash-building whole life insurance contracts to build and provide wealth.  Doug also received TEAM certification, a system of proper equity management and strategic repositioning of assets, from Missed Fortune True Asset Optimization in 2009. He is also enrolled in the Investools Investor Education Program of High Distinction.

Scrutinizing these gleanings though his past insurance and investment experiences, Doug begins his newest venture by forming Deweese Assets Solutions, LLC.  The purpose of this venture is to share his knowledge with the public through seminars and individual discovery sessions to map out prudent financial ventures for clients.