Nerd's Eye View

SEPTEMBER 28, 2022

Joe is a Partner and Head of Goldman Sachs Personal Financial Management, a national wealth management firm within Goldman Sachs which oversees more than $100 billion in assets under advisement for tens of thousands of client households. My guest on today's podcast is Joe Duran.

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 130

eMoney Advisor

DECEMBER 15, 2022

Here, we take a look at projected job growth for financial advisors, the predicted wave of retirements, the demographics of financial planners, and more. A Wave of Retirements Expected. Over the next decade, more than a third of advisors (37 percent) are estimated to be retiring, according to a 2022 Cerulli Associates study.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Diamond Consultants

JANUARY 10, 2023

While many veteran advisors struggle with the thought of their eventual retirement and succession, the dearth of young advisor talent to fill the ranks compounds the concern. And while these retire-in-place programs are one way to monetize your business at day’s end, they are certainly not the only way.

Recruitment 59

Recruitment Financial Advisor Compliance Retirement 59

Diamond Consultants

JUNE 14, 2023

Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited? Does the firm have a built-in retire-in-place or sunset program? In fact, at some firms, advisors’ grid payments are supplemented or reduced based in part on asset and client growth.

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Recruitment Wealth Management Economics Clients 52

The Big Picture

NOVEMBER 22, 2022

Venture capital, private equity, just were not recruiting for those spaces. And so they stood up a firm called AltFinance, whose main purpose was to help alternative asset managers tap into that rich pool of potential hires. Wall Street has been pretty bad at recruiting black talent. RITHOLTZ: I’m excited to chat with you.

Recruitment 141

Recruitment Engineering Investing Investments 141

Diamond Consultants

MAY 3, 2022

By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. In almost every instance of a move by a private banker, there is a significant amount of assets that will need to be left behind. Be realistic about the strength of your team.

Banking 52

Banking Wealth Management Commission Assets 52

Clever Girl Finance

APRIL 29, 2024

Start a side gig for extra income We could all use a little extra cash, whether to pay down debt, increase savings, achieve a financial goal, or retire earlier. Contribute more to your retirement accounts There’s no rule that you have to wait until you’re 65 or older to retire. Haven’t started a retirement account yet?

Budgeting 59

Budgeting Retirement Food Planning 59

The Big Picture

FEBRUARY 21, 2023

If you think about what Vanguard is all about, we sit there each and every day, figuring out how do we help people retire better, put their kids through college, afford that dream home? If you looked at our ETF assets, at that time, less than half of them actually would have been considered lowest cost in the industry. RITHOLTZ: Wow.

Clients 269

Clients Investing Investments Retirement 269

Indigo Marketing Agency

JANUARY 24, 2024

He founded Carson Group in 1983, which now has over $15 billion in assets under advisement. Taylor is another power icon in the financial world, hosting two top-ranking podcasts: Experiments in Advisor Marketing and Stay Wealthy Retirement Show. billion in client assets. You can follow him on X (Twitter) here.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Inside Information

MAY 30, 2023

In the more comprehensive surveys, you will see the percentage or dollar revenues collected by each BD on annuity, life insurance and other product sales, vs. fees (defined by asset management fees, shared between the reps and the broker-dealer).

Communication 40

Communication Sales Compliance Insurance 40

Indigo Marketing Agency

JANUARY 24, 2024

He founded Carson Group in 1983, which now has over $15 billion in assets under advisement. Taylor is another power icon in the financial world, hosting two top-ranking podcasts: Experiments in Advisor Marketing and Stay Wealthy Retirement Show. billion in client assets. You can follow him on X (Twitter) here.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Brown Advisory

MAY 30, 2018

Rye Barcott, a retired U.S. Those high-performing environments also help to recruit the best and brightest talent. It should not be assumed that investments in such securities or asset classes have been or will be profitable. Marine, views public service through the lens of his military experience. He sees U.S.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

Brown Advisory

MAY 30, 2018

Rye Barcott, a retired U.S. Those high-performing environments also help to recruit the best and brightest talent. It should not be assumed that investments in such securities or asset classes have been or will be profitable. Marine, views public service through the lens of his military experience. He sees U.S.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

The Big Picture

OCTOBER 24, 2022

They advise or directly manage about $250 billion in flying assets. BLS recruits, just like all other organizations, recruits at college campuses. RITHOLTZ: So how do you find your way from economist to analyst to asset manager? RITHOLTZ: You said, I know, I want to run assets. How did that transition happen?

Portfolio 130

Portfolio Management Assets Investing 130

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry. And I think you will also.

Assets 286

Assets Clients Investing Investments 286

The Big Picture

AUGUST 29, 2023

And your bio explains how you were recruited to Vanguard. So there’s been a big push for folks to get the appropriate level of asset allocation in a highly diversified, low cost way. RITHOLTZ: So let’s talk about that. I thought that was a really interesting story. Tell us a little bit about what brought you to Vanguard.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

AUGUST 15, 2023

And so alongside of Wall Street recruiting in my senior year, I interviewed at the Yale Investments Office and was fortunate to get that job and violated the two principles I had at the time, which was I wanted to be in a training program and I wanted to leave New Haven. So I think selecting managers in any asset class has that two pieces.

Management 130

Management Investing Investments Government 130

The Big Picture

JUNE 7, 2023

And that is why you’re seeing the massive increase in multi manager assets and those assets have more than doubled since 2017. And I as I as someone who has been recruiting in this industry for the past 20 years with my team and we’re working with the biggest, most successful funds in the world, it’s tough.

Management 267

Management Investing Investments Economics 267

The Big Picture

JULY 26, 2022

All-in, you’re $8 billion in assets totally. It might be a management team that wants to retire, or exit. It’s always the transaction that the seller wants to do is they want to retire. I mean, I don’t — RITHOLTZ: So this is really devious recruitment. WEAVER: And you can overpay for any asset.

Consulting 286

Consulting Numbers Investing Investments 286

Clever Girl Finance

JUNE 22, 2023

In other words, they don’t reflect deductions like taxes, insurance, or retirement contributions. If you aim to retire early and set aside a significant portion of your income toward retirement savings, you may need a higher income. Making contributions to retirement accounts to secure your future financial independence.

Budgeting 52

Budgeting Taxes Healthcare Retirement 52

The Big Picture

JULY 18, 2023

WAGNER: Yeah, I started as a certified public accountant and one of the early engagements that I was tasked with was in the space of asset management and I recall doing the audit on Jeffrey Vinik’s very first year as a hedge fund manager. And you know, Metromedia, great example, they had the valuable assets in the cities.

Investing 130

Investing Investments Assets Insurance 130

SEI

SEPTEMBER 17, 2022

So it kind of seems like that the retirement of Trust3000 is a long ways away. Maybe we can touch base on your asset management distribution business. So we've de-risked a little bit that business from one or two clients being the dominant providers of assets. Maybe if you can just comment on your advisor recruiting efforts.

Clients 49

Clients Assets Banking Planning 49

The Big Picture

AUGUST 8, 2022

So, you got your assets whatever they are. But then the question is how do you fund those assets. Now does the FDIC even know how much risk they’re bearing 0 when all the assets are so encumbered that they’re all pledged as collateral? But –and netting of derivatives and all of that. They don’t have collateral.

Banking 195

Banking Government Insurance Taxes 195

Good Financial Cents

JULY 11, 2022

If you’re unsure what multi-level marketing is, it’s a term used to describe any business model that rewards people for sales and recruiting others to work beneath them. Another way to make your earned income work for you is to invest it in assets that will generate passive income. 4) Royalties – Royalties from books, inventions, etc.

Financial Advisor 116

Financial Advisor Accounting Insurance Media 116

The Big Picture

SEPTEMBER 5, 2023

RITHOLTZ: (LAUGHTER) MILLER: But in reality, the buyers that zoomed out to the suburbs were largely from the rental market because they weren’t anchored to another asset. Housing itself, it’s just a slow moving asset. MILLER: Right, it’s like how to devalue an asset without even trying. The thinking was, no.

Sales 130

Sales Numbers Taxes Marketing 130

Sara Grillo

SEPTEMBER 26, 2022

That lead him to start Quest Asset Management, with the novel idea of putting investor interests first as a fiduciary, which was practically unheard of at the time. Nest Egg Guru’s flagship app suite is designed to help engage and educate clients by stress-testing their retirement savings and spending strategies.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

The Big Picture

MARCH 21, 2023

It’s about half our assets. ASNESS: About half our assets are really traditional, where money managers beat, you know, plenty of things, don’t let a short, or lever, or any of those hedge fund kind of things. RITHOLTZ: Meaning it would be a recruitment challenge. RITHOLTZ: Okay. RITHOLTZ: Bill Sharpe. ASNESS: Yeah.

Valuation 161

Valuation Investing Investments Numbers 161

Good Financial Cents

APRIL 19, 2023

When you look at the wealthiest investors across the globe, one of the most common assets they own is real estate. The idea of passive income is to supplement, augment or get you out of your job so you can retire, travel, or spend more time with loved ones. Now let’s get started. Passive Income is all about protecting your time.

Accounting 105

Accounting Investing Investments Media 105

The Big Picture

APRIL 25, 2023

They’re almost a billion dollars in assets. There’s no doubt in my mind, as having run a firm that was $90 million in assets, the one that is coming where $3 and eventually $4, when the last deal closes, a billion dollars is a lot of assets. I have half a billion dollars in assets. RITHOLTZ: Right?

Compliance 152

Compliance Wealth Management Clients Management 152

The Big Picture

FEBRUARY 12, 2024

So then I just started interviewing with companies as they came on, on the, on-campus recruiting to see what, what I could find. They were getting flows of retirement money on a continued basis. So I applied to half a dozen of the best programs. 00:03:03 I got rejected at all of them really.

Management 282

Management Investing Investments Economy 282

The Big Picture

MAY 2, 2023

Cars are so much more expensive to maintain as a collectible asset, it’s remarkable. CLYMER: And I guarantee you when I retire from whatever this is, that’s the watch I will wear every day. You don’t have to have it. Storage is nothing. Put it in a drawer, a safety deposit box, cars, insurance, maintenance, parking.

Retail 161

Retail Insurance Advertising Numbers 161

Aleph

FEBRUARY 11, 2023

Beware assets that require investment to maintain their current value Feb 06, 2023 Crypto A trove of documents shows who controls Tether, which runs the dominant stablecoin, and the company’s weaknesses. I could retire now. Retirement is a bogus post-WWII concept [link] [link] Feb 11, 2023 Have we outgrown a single retirement age?

Banking 59

Banking Government Economics Taxes 59