Barron's Advisor

Jim Gold, CEO and founding partner of Steward Partners, shares his journey in building a $40 billion RIA firm. He discusses the balance of being firm yet fun as a leader, emphasizing humility and openness to feedback. Jim highlights the importance of a collaborative culture fostered by equity ownership, transforming the advisory landscape through mentorship and deep client relationships. He reflects on the relentless execution required in leadership and expresses gratitude for opportunities in the financial industry, promoting integrity and positive impact.

Lisa VanArsdale, a senior wealth advisor at SageView Advisory Group, works alongside her mother, leading their family-run firm. They delve into the dynamics of family partnerships in wealth management, discussing the blend of personal and professional roles. Lisa shares insights on serving unique demographics like teachers and small businesses and emphasizes the impact of an all-female team in a male-dominated industry. The conversation also highlights the importance of empathy, client interactions, and adapting strategies to meet the needs of affluent education sector clients.

Patti Brennan, CEO of Key Financial and a Barron's Hall of Fame advisor, delves into the complexities of inherited IRAs and recent IRS regulation changes. She shares insights on how nonspouse beneficiaries can avoid costly penalties and navigate distribution rules effectively. Patti highlights the significance of tailored strategies like spousal rollovers and Roth conversions to enhance tax efficiency. With her background as an ICU nurse, she emphasizes the power of clear communication in demystifying financial concepts for clients.

The Modern Wealth co-founders reveal their $200 million private equity-backed strategy for building a national RIA. Host: Steve Sanduski, CFP. Learn more about your ad choices. Visit megaphone.fm/adchoices

Matthew Somberg, co-founder of Gottfried & Somberg Wealth Management, shares insights from his 25-year journey in the advisory world. He discusses the importance of hiring to enhance team strengths, highlighting mentorship and collaboration as keys to a successful partnership. Somberg dives into client pricing strategies and the significance of aligning pricing with strong client relationships. He also reflects on the legacy of leadership and the impact of fostering a supportive company culture.

Elizabeth Dennis, Head of Private Wealth Management at Morgan Stanley, shares insights on navigating the evolving landscape for ultra high net worth clients. She discusses the significance of tax-aware strategies in wealth management and the trend of companies remaining private longer. The conversation covers the demand for personalized investment approaches and liquidity solutions, as well as the growing trend of intentional philanthropy among wealthy families, highlighting how shared values influence their giving.

Every other Thursday on Barron’s Advisor: The Way Forward: Next Generation, we speak with successful advisors who share their best advice for getting ahead and making an impact. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Newsom, founder of XNW Digital, shares his expertise in RIA marketing strategies aimed at achieving organic growth. He discusses the importance of identifying ideal high-net-worth clients and the need for tailored, data-driven marketing. The conversation explores how AI influences content strategies and emphasizes that quality websites remain crucial for effective engagement. Newsom also highlights balancing aesthetics with functionality in web design, the authenticity in attracting traffic, and evolving webinar formats for better audience connection.

Frank Lipman, a wellness pioneer and founder of Eleven Eleven Wellness, shares his insights on longevity through integrative medicine. He emphasizes the shift from traditional symptom-focused treatments to personalized medicine that addresses chronic health issues. Lipman discusses the role of smart medications and innovative biohacking techniques in enhancing life quality. He also cautions against synthetic nootropics, advocating for natural options, and highlights the dangers posed by environmental toxins, urging proactive health management.

Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth, shares her insights from over 40 years on Wall Street. She believes we are entering a 'golden age of investing' with promising growth in technology, small caps, and Bitcoin. Bartels discusses the transformative power of AI in enhancing productivity and America's leadership in this sector. She also contrasts Bitcoin's stability with Ethereum's tech focus and emphasizes the importance of long-term investment strategies despite market volatility.