Peter Mallouk, CEO of Creative Planning LLC, discusses building a successful financial planning firm, challenges of digital money movement, growth through acquisitions, content creation, RIA industry complexity, minority ownership of Kansas City Royals, music influences, and promoting the podcast.

"You spend the first 20 years of being rich accumulating all of this stuff. And then you'll spend the next 20 years trying to get out of one thing after another to simplify your life." — Peter MalloukPeter Mallouk (@PeterMallouk) is the President of Creative Planning, one of the largest independent wealth management firms in America.Creative Planning provides wealth management services to clients, manages over $36 billion for clients in all 50 states and abroad, and has been featured as the number one independent wealth management firm in America by Barron's (2017).Peter is featured in Worth magazine's Power 100, featuring the most powerful men and women in global finance, the only financial planner on the list (2017 and 2018). Creative Planning was featured in Forbes in 2016 as the number one RIA for growth over the last 10 years.Peter is the co-author (with Tony Robbins) of Unshakeable: Your Financial Freedom Playbook.Please enjoy!Click here for the show notes for this episode.This podcast is brought to you by 99designs, the global creative platform that makes it easy for designers and clients to work together create designs they love. Its creative process has become the go-to solution for businesses, agencies, and individuals, and I have used it for years to help with display advertising and illustrations and to rapid prototype the cover for The Tao of Seneca. Whether your business needs a logo, website design, business card, or anything you can imagine, check out 99designs.You can work with multiple designers at once to get a bunch of different ideas, or hire the perfect designer for your project based based on their style and industry specialization. It's simple to review concepts and leave feedback so you'll end up with a design that you're happy with. Click this link and get a free $99 upgrade.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Peter Mallouk, the President and CEO of Creative Planning, shares insights on the booming wealth management sector and the evolving expectations of clients. He discusses the rise of mega Registered Investment Advisors and the necessity for technological adaptation to remain competitive. The conversation shifts to integrating legal services into wealth management, emphasizing client preference for comprehensive solutions. Mallouk also touches on transforming marketing strategies and the significance of mentorship for financial advisors, all while engaging a live audience.

Peter Mallouk, CEO at Creative Planning, specializes in advising high-net clients and discusses the evolving landscape of wealth management. Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, dives into the Fed's impending rate decision, highlighting its impact on investments. Jan van Eck, CEO of VanEck, shares insights on direct indexing and tokenization, showcasing innovative strategies for managing wealth. The conversation balances optimism with caution, emphasizing the need for emotional management in uncertain financial climates.

Peter Mallouk, CEO of Creative Planning, discusses the advantages of simplicity in money management with Barry Ritholtz. They cover the allure of complexity in investing, common mistakes to avoid, the value of passive index investing, emotional biases, and the importance of choosing a fiduciary advisor.

Peter Mallouk, CEO of Creative Planning, shares valuable insights on making New Year’s financial resolutions stick. He emphasizes the importance of setting achievable goals and automating financial decisions for success. Listeners learn about common investment mistakes to avoid and the emotional biases that can cloud judgment, such as panic selling and trend-based buying. Mallouk also discusses navigating inflation in the current economy, urging a disciplined approach to investment planning for a stable financial future.

Peter Mallouk, CEO of Creative Planning with $300B in client assets, discusses the importance of having a financial 'captain' overseeing all aspects of your finances. He explains how this approach can lead to better outcomes, cost savings, and top-tier financial advice for individuals of all wealth levels.

Peter Mallouk, President and CEO of Creative Planning, shares invaluable insights on retirement planning, trust, and wills. Topics include maximizing retirement savings, understanding life insurance, the benefits of living trusts, earning from Airbnb hosting, and critiquing whole life insurance policies.

Nicole Lapin and Peter Mallouk discuss investing in stocks, bonds, gold, real estate, and crypto. They emphasize the importance of diversification, long-term wealth building, and navigating emotional market fluctuations. Peter shares insights on tax harvesting, maximizing returns, and investing in income-producing assets for effective wealth accumulation.

Peter Mallouk, CEO of $245B Creative Planning, shares his long-term optimism due to low unemployment, emerging markets, and technological innovation. He advises against market timing and recommends a diversified portfolio. Mallouk is skeptical of cryptocurrencies and gold as investments. He emphasizes the importance of asset allocation and avoiding common investor mistakes.