Tag: Investments

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19. CAIS’s Matt Brown on Connecting Advisors to Alternative Investment Managers

19. CAIS’s Matt Brown on Connecting Advisors to Alternative Investment Managers

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Traditional 60/40 portfolios are not delivering the returns clients are looking for, argues Matt Brown, a former financial advisor and now CEO of CAIS, an alternatives investment platform for wealth managers. In the current market, alternative investing has increased in demand, prompting advisors to look for more information on these investment options.  

In this episode, David Armstrong talks with Brown about how the CAIS platform works to connect financial advisors with alternative asset managers and strategies that are right for their clients. Matt talks about the role of alternative investments within the current market and the importance of education as investing continues to evolve.

David and Matt discusses:

  • How CAIS provides connections to facilitate investments in alternatives
  • Why alternative investments are increasing in popularity among advisors and clients
  • The importance of education when advisors implement alternative investing
  • The role for crypto and blockchain technology for CAIS. 

Connect With Matt Brown:

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About Our Guest:

Matt Brown is the Founder, CEO, and Chairman of CAIS. He has spent over 30 years at the intersection of wealth management, alternative investments, and platform design. He began his career as a financial advisor at Shearson Lehman Brothers and Smith Barney. In 2009, Matt founded CAIS, the first truly open marketplace for alternative investments, where financial advisors and asset managers can engage and transact directly on a massive scale. Financial advisors, the professionals we designate to oversee our economic futures, do not have the same access to alternative investments in comparison to large institutions. CAIS is changing that. Matt believes entrepreneurship is the major driver of economic and social change. He’s spent the better part of two decades working with Endeavor, the world’s leading organization for high impact entrepreneurs. During his tenure, he had the opportunity to mentor dozens of entrepreneurs from around the world, including Africa, Latin America, and the Middle East. Matt is honored to have been on Endeavor’s South African and Turkish Boards which ultimately led to a position on the Global Board of Directors. The experience deepened his belief that helping entrepreneurs build and scale their businesses promotes economic growth and prosperity. It’s Matt’s personal mission to ensure that anyone with a dream, and the drive to achieve it, have an equal opportunity to make it happen.

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10. Rick Ferri on His Career, Mistakes He Has Made and Why He Thinks Most Advisors are Overcompensated.

10. Rick Ferri on His Career, Mistakes He Has Made and Why He Thinks Most Advisors are Overcompensated.

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Rick Ferri has been an outspoken critic of many standard practices in the investment advisory industry. He was an early advocate of John Bogle and index-based investing, claiming most clients were better off with passive investment portfolios over using active, and more expensive, investment managers. More recently, he’s argued that advisors who give investment advice and still charge fees based on a percentage of the assets managed are in the wrong—fees for advice should be divorced from fees for portfolio management—and why many advisors are paid too much for the work they do.

In this episode, David Armstrong speaks with Ferri about how he got his start in the industry, how his thinking has evolved around Wall Street, and whether or not a fee structure that charges clients for investment advice based on assets under management can really exist in a fiduciary framework.  

Rick discusses:

  • His background in the financial industry, including his transition from Wall Street to investment advisory services.
  • Why Rick decided to sell his first $1.5 billion company—and the lessons he learned about what can go wrong.
  • The need to charge separate fees for asset management and financial advice, and why many advisors are charging too much for what they do.
  • How he decided on his hourly rate for advice.
  • The possibility of a AUM based fee existing inside a fiduciary framework
  • Whether ESG investing for most clients is a real trend, or just another way for asset managers to charge more.  

Resources:

Bogle’s Mutual Funds Perspectives Intelligent by John Bogle 

Connect With Rick Ferri:

Connect With David Armstrong:

About Our Guest:

Rick Ferri, CFA, is an hourly-fee adviser for cost-conscious do-it-yourself investors. Visit RickFerri.com for details. Rick has over 30 years experience in the investment industry including ten years as a financial consultant at two major Wall Street firms and the founder and former owner of a large portfolio management firm. Rick is a financial analyst, author, mentor for young advisers. Rick graduated from the University of Rhode Island with a B.S. degree in business and an M.S. in Financial degree from Walsh College in Michigan. Rick has published extensively including several books on index funds, ETFs and asset allocation. Major Ferri is also a retired Marine Corps veteran and flew fighter aircraft.

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