Barron's Advisor

Suzanne Siracuse, a wealth management consultant and founder of Suzanne Siracuse Consulting Services, shares her journey from publishing to consulting. She discusses the importance of building authentic relationships and lessons learned from her career shift. Suzanne emphasizes the need for financial advisors to give back to their communities. She also highlights innovative wealth management strategies and the power of mentorship in empowering women. Plus, hear about her passion for animal welfare and her desire to reconnect with music!

Emily Malone, a former attorney turned financial advisor at Wells Fargo, shares insights on transitioning careers and maximizing value in advisory roles. She highlights the importance of genuine client relationships, especially with younger clients. Emily discusses launching Finance 101 seminars for the next generation, aiming to boost financial literacy. She dispels myths about predicting interest rates, advocating for diversification instead. Ultimately, she emphasizes the need for more women in financial advising and the role of technology in fostering personal connections.

Sandy Kaul, Executive Vice President and head of innovation at Franklin Templeton, dives into the future of digital assets and blockchain in finance. She discusses Bitcoin's role as 'digital gold' and its comparison to traditional investments. Furthermore, Sandy explains the intricate dynamics of stablecoins and their potential impact on banking. The conversation touches on tokenized money market funds, offering innovative cash alternatives for transactions. Throughout, she encourages financial advisors to embrace change and leverage these emerging technologies for enhanced client strategies.

Josh Bronstein, a wealth advisor at Neuberger Berman, shares his insights on cultivating long-term relationships with clients, emphasizing trust over transactions. He discusses the significance of credibility and consistent communication in advisory roles. Josh also highlights the importance of networking and adapting to clients' needs, especially in a landscape affected by market volatility. Additionally, he explores fostering multi-generational communication in financial planning to ensure that families engage in wealth management discussions effectively.

Riley Saunders, a financial advisor at Cassaday & Co. with a master's in personal financial planning, dives into the psychology behind managing money. He emphasizes the significance of understanding personal emotions and childhood experiences that shape our financial behaviors. Riley also tackles the challenges of discussing finances, highlighting the guilt often felt in these conversations. He shares insights on the importance of mentorship and resilience in financial planning while encouraging listeners to embrace discomfort for personal growth.

Sebastian Mallaby, a senior fellow in international economics at the Council on Foreign Relations, delves into the intersection of finance and disruption. He discusses the vital independence of the Federal Reserve amidst political pressures and its historical relevance. Mallaby sheds light on AI's role in reshaping inflation dynamics while offering insights on job displacement. He also explores how Persian Gulf nations are gaining financial power through energy exports and the implications of AI on capital markets and governance. It's a captivating blend of economics and technological evolution.

Dave Welling, CEO of Mercer Advisors, reveals how his company transformed into a $70 billion powerhouse through an innovative acquisition strategy. He sheds light on the importance of cultural compatibility and shared values in selecting partners. Welling emphasizes the need for a client-centric approach and strong relationships in the advisory industry. He also discusses the benefits of employee equity ownership in fostering motivation and teamwork, making a compelling case for growth through collaboration.

Lindsay Pazdan, a Morgan Stanley Wealth Advisor, shares her expertise on trust and estate planning. She dives into the nuances of engaging Next-Gen clients and stresses the importance of updating estate plans regularly. By exploring family dynamics, she highlights the need for tailored discussions in blended families and focuses on preparing younger generations for financial stewardship. Effective communication strategies and collaboration between advisors and legal experts are key to successfully addressing clients' needs and fostering authentic wealth management.

The National Book Award winner explores how today’s extreme concentration of wealth is reshaping risk, client expectations, and the future of financial advice. Host: Steve Sanduski, CFP. Learn more about your ad choices. Visit megaphone.fm/adchoices

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