Month: May 2023
Advisor Innovations Podcast: Tim Maurer on Personal Finance is More Personal Than Finance

Advisor Innovations Podcast: Tim Maurer on Personal Finance is More Personal Than Finance

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Tim Maurer is a financial advisor and author who most recently took on the role of Chief Advisory Officer at SignatureFD. In this episode of the Advisor Innovations podcast, Maurer talks with David Armstrong about what, exactly, a Chief Advisory Officer does, and how he sees the lessons of life planning and qualitative financial advice being tactically implemented in advisor-client relationships. 

Tim  discusses:

  • Why he made the move to fast-growing RIA Signature FD after years at the larger Buckingham Wealth Management.
  • How he sees his role as a Chief Advisory Officer, and what it means to sit at the nexus between advisor development and the client experience. 
  • How he’s attempting to embed the lessons from behavioral finance and psychology into the relationship between clients and advisors. 
  • Why advisors who focus more on the qualitative side of financial planning, as opposed to the quantitative, are more successful.
  • How he makes a distinction between advisors as financial therapists, and financial coaches: Most advisors should follow the coaching model. 
  • What he’s learned from pioneers in the “life planning” field like Kinder Institute’s George Kinder and Money Quotient’s Carol Anderson
  • Most importantly, how the sometimes softer side of financial planning is being coded into advisory firm’s workflows and processes in a scalable, efficient way. 

Resources:

Connect With Tim Maurer:

Connect With David Armstrong:

About Our Guest:

Tim Maurer is a speaker, blogger, author, and financial advisor. As Chief Advisory Officer at SignatureFD he serves as an industry leader to the media and an educator to both consumers and financial advisors. He is a regular contributor to CNBC, Forbes, Time/Money.



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Advisor Innovations Podcast: Dumb indexes, “Smart” Beta and Intelligent Design—How Larry Swedroe Helps Advisors Make Sense of Investments

Advisor Innovations Podcast: Dumb indexes, “Smart” Beta and Intelligent Design—How Larry Swedroe Helps Advisors Make Sense of Investments

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For many advisors, Larry Swedroe needs no introduction; He’s the author of numerous books on investing, a frequent columnist in advisor publications, including Wealthmanagement.com, and the Head of Financial and Economic Research at Buckingham Strategic Wealth, one of the largest RIAs in the country.

He’s also active on social media where he can be found in sometimes heated debates with other industry luminaries on the merits of different compensation models for financial advisors, the dire prospects for most active stock managers, and what the latest academic research on investment management and the markets tells advisors about how to build better portfolios.

In this edition of the Advisor Innovations podcast, Swedroe describes how he views his work, why it is getting harder for active managers to generate alpha in the publicly traded markets, and where he sees opportunities for income in the increasingly accessible private markets. 

Swedroe discusses:

  • Why, in the face of growing evidence of subpar long-term returns, retail investors and active stock managers are proliferating.
  • How a three-year track record tells investors almost nothing about a manager’s long-term prospects.
  • Why “dumb indexes” don’t solve the investors’ problem, and why “smart beta” is an oxymoron and how investors are best served by “intelligently designed” portfolios. 
  • How some research shows stock turnover and management fees are the two variables that can determine active managers’ outcomes. 
  • Why easier access to private markets for investors, including interval funds, are a good option for some investors—himself included.
  • Where he is placing some of his investments now.

Connect With Larry Swedroe:

Connect With David Armstrong:

About Our Guest:

Larry Swedroe is a principal and the director of research of Buckingham Asset Management[1] and BAM Advisor Services. Previously, Larry was Vice-Chairman of Prudential Home Mortgage, the nation’s second largest home mortgage lender. He has held positions at Citicorp as Senior Vice-President and Regional Treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies. Larry has an MBA in Finance and Investment from NYU, and a BA in Finance from Baruch College. He is the author of 17 books.

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