Barron's Advisor

Cameron Rogers, a financial advisor at Angeles Wealth Management, specializes in values-based and impact investing. He emphasizes the need to tailor financial advice for women, addressing their unique perspectives on money. Rogers explains the complexities of ESG backlash, insisting that it's more about presentation than investor interest. He also discusses how to personalize portfolios to align with values and highlights promising sectors like women's health and renewable energy, advocating for a culture shift in the advisory space to better support diverse investors.

Seth Levine, co-founder of Foundry, a $4 billion venture capital firm, dives into the evolving landscape of American capitalism. He discusses the shift from shareholder primacy to stakeholder capitalism, sparked by the 2019 Business Roundtable. Levine tackles skepticism around this transition and argues for broadening employee ownership as a pathway to dynamic capitalism. He highlights real-world examples like KKR and Publix, and underscores the influence of venture capital on fostering purpose-driven companies. A thought-provoking exploration of the future of capitalism!

Jeff Gonyo, Head of Wealth Management at Steward Partners, brings over 30 years of financial expertise to the conversation. He discusses the innovative 'sell and stay' M&A model that allows advisors to monetize their businesses while continuing client relationships. Gonyo highlights the growing trend driven by market pressures and technology costs. He also delves into the importance of succession planning for the next generation of advisors and the unique benefits and challenges of this evolving landscape in wealth management.

Compensation is the “largest expense for a financial advisor” and ultimately drives the valuation of RIAs, says the CFO of the consulting firm FP Transitions. Host: Greg Bartalos. Learn more about your ad choices. Visit megaphone.fm/adchoices

Doug Messina, a seasoned private wealth advisor with over 20 years in investment management, emphasizes the power of authenticity in client relationships. He discusses the transition from transactional brokerage to holistic financial planning, advocating for simplicity in investments. Doug shares invaluable advice for new advisors, highlighting the importance of empathy and personal connections. He also illustrates how well-structured plans can enable significant life changes, like relocating for a job, and underscores that strong relationships can weather market volatility.

Sanctuary Wealth's chief investment strategist expects a “'reset year” with more modest gains, favoring growth over value and large-cap stocks over small-caps. Host: Greg Bartalos. Learn more about your ad choices. Visit megaphone.fm/adchoices

Troy Nelson, a seasoned Edward Jones private wealth advisor, shares his inspiring journey of overcoming a decade of personal trauma and burnout. He emphasizes how personal growth is essential for effective leadership, using a tree metaphor to illustrate resilience. Troy recounts his life-changing silent retreat and sabbatical, which reignited his passion for work and empathy for clients. He also discusses the innovative family-tree pricing model to help new-to-wealth clients and the importance of vulnerability in building authentic relationships.

Tony Carpentieri, a private wealth advisor at Merrill Lynch, discusses the journey into wealth management inspired by family influences. He emphasizes the need for a clear value proposition and a strong culture within teams. Carpentieri highlights the demands of today's clients for immediacy and intelligence, while predicting that AI will serve as a supportive tool for advisors. He also focuses on developing younger advisors through mentorship and underscores the importance of passion in enhancing productivity.

John Furey, founder and managing partner of Advisor Growth Strategies, discusses the critical timing for RIAs to consider rebranding. He shares insights on how market research can reveal that a brand no longer reflects true value. Furey outlines key signs it's time for a change, such as stagnant growth and outdated messaging. He emphasizes the importance of embedding brand strategy within team processes for consistency. The conversation also highlights tailoring communication to ensure clients feel understood, ultimately guiding RIAs toward innovative growth.

Debra Brennan-Tagg, president of BFS Advisory Group and a financial expert, shares her insights on advancing women in finance. She discusses the persistent underrepresentation of women in wealth management and how industry messaging deters their entry. Debra offers practical tips for closing the wage gap, including financial planning and negotiation tactics. She highlights challenges faced by female business owners and the funding disparities impacting their growth. Ultimately, she encourages women to leverage their strengths for success in the finance sector.