Kostya Etus of Dynamic Advisor Solutions - Why Advisors Should Outsource Investment Management

Jun 14, 2022

Ask episode

Chapters

Transcript

Episode notes

Financial advisors are responsible for the well-being of their clients, and with that comes a fiduciary duty to act in their clients' best interests at all times. In order to do so, they need to juggle working with clients, maintaining compliance, keeping up with market trends, performing due diligence on potential investments, and more. Advisors who attempt to manage everything on their own quickly find themselves stretched thin and overwhelmed.

In this episode, Rusty talks with Kostya Etus, Head of Strategy, Portfolio Services Team at Dynamic Advisor Solutions. Prior to Dynamic, Kostya served the Orion organization (CLS Investments and Orion Portfolio Solutions) for more than 10 years where he held a variety of roles, including Trading Specialist, Research Analyst, Portfolio Manager, and Director of Research.

Kostya talks with Rusty about why advisors should outsource money management, how advisors can help investors, and how technology plays a key role in helping investors. Also, given Kostya's expertise about movies, we review the hot movies this coming summer!

Key Takeaways

[05:44] - An overview of Kostya's background and his work at Dynamic Advisor Solutions.
[10:29] - Why advisors should outsource money management.
[15:47] - How technology plays a key role in helping investors.
[18:34] - What Kostya looks for in an investment manager.
[21:44] - What makes a good financial advisor.
[23:23] - Kostya’s advice to investors during difficult market conditions.
[26:45] - How to stay on top of the latest market trends.
[30:04] - Movie recommendations to watch this year.
[38:19] - The secret behind Kostya's fantasy football strategy.
[40:44] - How Kostya maintains physical and mental health to perform at his best.
[43:30] - Favorite resources and book recommendations.

Quotes

[03:19] - "I'm a strong believer that in any situation, no matter how different a set of people's views is or opinions, there's always a way to walk out of a situation where both parties are happy." - Kostya Etus

[13:14] - "If you're outsourcing, you don't have to spend time on some of the investment management responsibilities. You spend more time focusing on your client relationships. You can focus on what matters most, whether it's enhancing your business or just spending time on yourself." - Kostya Etus

[16:27] - "Technology is what helps advisors streamline their day-to-day tasks. That's what really helps them make their lives easier." -Kostya Etus

Links

Connect with our hosts

Subscribe and stay in touch

0992-OPS-6/7/2022