Born in Portland, Oregon, Eric Niedermeyer has worked in the financial services industry for more than 30 years. He founded and is the managing director of Tanner Creek Capital, a money management company that focuses on providing clients with a highly personalized service that helps them build income streams for the present and the future.
Eric Niedermeyer holds a Bachelor’s degree in Economics from the University of Oregon. After graduating in 1984, he began his career working in the investment department at the Oregon Bank. The main component of his role was selling mostly tax-free bonds to individuals and institutions. Subsequently, he worked at Piper Jaffray and D.A. Davidson, spending over 10 years at each firm.
Outside of work, Eric Niedermeyer spends time and travels with his family. He has a wife and two older daughters. He has also served on the board of the Boys and Girls Aid Society.
Why did you decide to create your own business?
While I’ve worked for different financial companies in the past, I decided it was time to start my own. I noticed a void in the industry and wanted to provide a much more personalized service for my clients. We mostly work with individuals who have had a liquidity event, such as having sold a business, sold a building, sold a property, and people who have come into a substantial amount of money that they want to re-create income from. We are proud to specialize in helping them in that situation.
What do you love most about the industry you are in?
I enjoy the challenge and the daily information flow of the economy. Lately, with the COVID-19 pandemic, the markets have been volatile and unpredictable, but that is part of the challenge. It’s figuring out which investments will be lucrative once the economy recovers.
What does a typical day consist of for you?
We start the days early at 6:30 a.m. and work until around 3:30 p.m. We currently work with around 100 families and monitor portfolios and provide income schedules. We are a fee-based investment advisory practice. At this time, we do limit our size so we can provide better service. We value quality over quantity.
What keeps you motivated?
We are motivated by providing great service to our clients and being able to provide success for them.
How has your company grown from its early days to now?
I launched Tanner Creek Capital in 2011. Since then, we have basically doubled in size of the assets we manage. Like any business, there have been ups and downs, but we have generally had consistent growth.
Who has been a role model to you and why?
My role models have always been my two older brothers, who have both been extremely successful in the investment business. They both have a very disciplined approach that has helped them to succeed and I always aspired to be like them.
How do you maintain a solid work-life balance?
I spend most of my time outside of work with my family and traveling, skiing, golfing, and fishing. My business does require some travel. Everyone in our office has families so we are very flexible with family and business being equally as important. That’s why we start our days early to finish the workday earlier.
What suggestions do you have for someone starting in your industry?
Look at the newest cutting-edge technology, which is generally fintech. That business is ripe for disruption and as technology improves every day, I think the sector will get even bigger. I also suggest looking for a mentor that can help guide you at the onset of your career and throughout the years as your skills develop.
What has been the hardest obstacle you’ve overcome?
The hardest obstacle has been finding a partner that is experienced and reliable. Once you get that in place, you are halfway there.
Outside of work, what defines you as a person?
My big family defines me. I am a fifth-generation Oregonian, starting with my grand grandparents, who came to Oregon in a covered wagon. I have over 100 first cousins. I was the 57th grandchild and there were 40 more after me! My father was one of 15 children and his siblings each had an average of 8 to 10 children. In fact, I was one of 8 kids. Whenever I meet new people, they often ask if I am related to another Niedermeyer, and I say, “I’m related to all of them.” There are 500 great-grandchildren in my family now.
Where do you see you and your company in 5 years?
Ideally, I would like to see the company double in size within five and add more financial professionals. To take on more clients and help more people. I have a junior partner that is 20 years younger than I am who is very capable and has been with me for 15+ years. He is a fully registered investment professional also. We have succession planning in place and big plans for the future growth of the company.
Explain the proudest day of your professional life.
The proudest day of my professional life was opening Tanner Creek Capital. We worked on it for about a year before opening for business. It was a very exciting venture.