Barron's Advisor

Dr. Kim Henderson, the head of health and wellness education, discusses how she applies her medical expertise to help the firm’s advisors when clients face health-related challenges. Host: Greg Bartalos.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Klingman, managing partner of Klingman & Associates, shares insights from his extensive experience in managing wealth for high-net-worth families. He discusses the power of independence in driving innovation and change without bureaucratic constraints. Klingman reflects on the unique challenges of generational wealth transfer and underscores the importance of strong client relationships. He also touches on navigating family dynamics within financial advisories and emphasizes the value of collaboration and personal growth in leadership roles.

Edward Fishman, an economic statecraft expert and author of "Choke Points, American Power in the Age of Economic Warfare," delves into the evolving world of economic warfare. He discusses how the U.S. leverages financial tools and sanctions as new realities reshape market risks. Key topics include the historical Nixon Shock's lasting impact, the rise of de-dollarization amid geopolitical shifts, and the complexities of global economic interdependence, especially between the U.S. and China. Fishman emphasizes the need to monitor economic indicators in this dynamic landscape.

Julia Carlson, founder and CEO of Financial Freedom Wealth Management Group and author of 'Money Loves You,' shares insights on transforming our relationship with money. She emphasizes the importance of mentorship and building deep client relationships. Julia introduces the 'anti-budget' concept, advocating for personal values over rigid financial constraints. She calls for greater gender diversity in finance and discusses the power of 'firing yourself' to empower teams, hinting at exciting future projects like a documentary on entrepreneurship.

Ryan Moran, a financial advisor at Merrill Lynch Wealth Management, shares valuable insights on engaging younger clients in finance. He highlights how tailored strategies can ease financial anxieties and the importance of personalized advice over automated options. Moran discusses the shift from entertainment to finance, emphasizing relationship-building. He also delves into intergenerational planning, the growing appeal of cryptocurrencies, and urges young advisors to embrace curiosity and networking to thrive in the industry.

In this engaging discussion, Robert D. Kaplan, a best-selling author and expert in foreign affairs, shares insights on the crucial intersection of geopolitics and investing. He emphasizes how rising tensions between the U.S. and China influence financial markets and the importance of recognizing global events in investment strategies. Kaplan also analyzes the transformative role of media in politics, the variances in global economic growth, and the need for a pessimistic outlook to better prepare for future crises. His expertise offers a thoughtful perspective on navigating an increasingly unstable world.

Ashley Adamson, an Emmy-winning sports broadcaster, and Yogi Roth, a Big Ten Network analyst, dive into the essence of connection in storytelling and team dynamics. They share personal narratives that shaped their careers and discuss how vulnerability fosters loyalty and engagement within teams. The duo emphasizes balancing ambition with gratitude while reflecting on the power of storytelling to enhance relationships. Their insights highlight how shared experiences and understanding one’s narrative can empower individuals in both personal and professional spheres.

Gina Thompson, Senior Vice President and Portfolio Director at RBC, emphasizes the importance of empowering clients through financial literacy and personalized plans. She discusses addressing client fears about financial stability and running out of money. Gina highlights navigating financial planning amidst inflation and interest rate changes while advocating for diverse income sources. She also covers the significance of setting clear expectations and effective communication with clients, alongside strategies for managing investments during market volatility.

Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions and author of 'The Soul of Wealth', dives into the emotional landscape of finance. He discusses how fear and bias influence clients' decisions and offers strategies to build rapport. Crosby highlights the role of 'useful delusions' in aligning investments with clients' emotional needs. He also examines the impact of social media on mental health and financial well-being, urging mindful consumption. Finally, he reflects on bridging material wealth with true personal significance, shifting the focus from accumulation to meaningful relationships.

Max Lane, CEO of Flourish, is on a mission to revolutionize wealth management. He shares insights on the evolution from product-focused advising to the emerging Wealth 3.0, emphasizing the need for advisors to meet millennial clients' tech-savvy expectations. Max discusses how generative AI can enhance client engagement through personalized financial planning. He also suggests strategies for boosting organic growth, like improving lending capabilities and modernizing outdated annuities, while underscoring the importance of data integration in enhancing advisor-client relationships.