Resilient Advisor

The first half of the year presented investors with some real challenges. If you are not familiar with the Resilient Investing philosophy, we do not forecast or make predictions of any type. Forecasting is a game that can't be won. We simply observe market outcomes to see if our system for long-term investment results is still working as designed.

Mark Yusko is the CEO and CIO of Morgan Creek Capital Management. He is quickly becoming a thought leader on Blockchain and all its applications. In this interview we discuss: How ICO's work. Security Tokens 101. Moving from the analog age into the digital age. Tokenizing the real assets. 14-year technology cycles. Implications to the financial advisory business.  How Blockchain will actually create new jobs. Why the Blockchain ETF's may not provide the exposure you are looking for today. Why owning the companies that support Blockchain makes sense.  Connect With Mark Twitter: @MarkYusko Website: www.morgancreekcap.com About Mark (From his website) Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. Prior to forming Morgan Creek, Mr. Yusko was President, Chief Investment Officer and Founder of UNC Management Company, the Endowment investment office for the University of North Carolina at Chapel Hill, from 1998 to 2004. Throughout his tenure, he directly oversaw strategic and tactical asset allocation recommendations to the Investment Fund Board, investment manager selection, manager performance evaluation, spending policy management and performance reporting. Total assets under management were $1.5 billion ($1.2 billion in endowment assets and $300 million in working capital). Until 1998, Mr. Yusko was the Senior Investment Director for the University of Notre Dame Investment Office where he joined as the Assistant Investment Officer in October of 1993. He worked with the Chief Investment Officer in all aspects of Endowment Management. Mr. Yusko received his Bachelor of Science Degree, with Honors, in Biology and Chemistry from the University of Notre Dame and a Master of Business Administration in Accounting and Finance from the University of Chicago. Mr. Yusko is an Advisory Board member of a number of private capital partnerships and alternative investment programs and has served as a consultant on alternative investments to a select group of institutions. Mr. Yusko is an Investment Committee member of the MCNC Endowment, President and Chairman of the Investment Committee of The Hesburgh-Yusko Scholars Foundation at the University of Notre Dame, and President and Head of the Investment Committee of the Morgan Creek Foundation.

Does your advisory business have enterprise value? Larry Miles of AdvicePeriod shares his three keys drivers that help financial advisors build enterprise value.     Connect With Larry   LinkedIn: https://www.linkedin.com/in/larry-miles-67a04221/ AdvicePeriod Twitter: https://twitter.com/adviceperiod Websites: http://www.adviceperiod.com, http://ap4advisors.com       About Larry   Larry Miles is a Principal at AdvicePeriod, a firm whose mission is to reinvent wealth management. His primary focus is providing strategic leadership for growth and profitability, while driving and maintaining a culture of excellence. Over a nearly two decade career, Larry has developed a wealth of leadership and business development experience across national market management, coaching, and professional growth. His teams have won “#1 Best Place to Work in Los Angeles” two different years at two different companies—the only leader to ever accomplish this. Prior to joining AdvicePeriod, Larry was President of BNY Mellon’s largest Western Region. Larry started his career as an executive of a large independent RIA, where he facilitated a successful sale of that business to City National Bank. Larry earned a BA from Amherst College, a Master of Science from the London School of Economics, and is a member of Young Presidents Organization. He was named to InvestmentNews' 40 Under 40 list last year, and is authoring a book on how to build the professional service firm of the future, due out later this year.  

On this episode, Clint Sorenson of WealthShield comes on the podcast to share his thoughts on the role of TAMPs today and in the future.  We discuss the benefits to RIA's and potentially breakaway advisors.   The bottom line.....LEVERAGE.   If you are struggling to grow your business, this episode will walk through how you could leverage a TAMP to outsource the functions that are most likely taking up most of your time.       Connect With Clint   LinkedIn: www.linkedin.com/in/clint-sorenson-cfa-cmt-04228a23/   Twitter: @clint_sorenson   Website: http://wealthshield.co     About Clint   Clint helps advisors develop and manage proprietary quantitative strategies by fusing together behavioral finance, fundamental and technical analysis. He holds the Chartered Market Technician and Chartered Financial Analyst professional designations. Clint is a co founder of WealthShield and Emerald Investment Partners, LLC. He earned a bachelor’s degree from the University of North Carolina-Chapel Hill. Clint is also a board member of the CFA Society North Carolina and the Market Technicians Association's.  

Professor Jamie Hopkins joins me for this episode to discuss how financial advisors can build a model to help clients 'rewire' the way they think about and manage retirement income. We discuss retirement income literacy and the implications for financial advisors.  His new book, Rewirement: Rewiring The Way You Think About Retirement!, recently hit the bookshelves.     Interesting Note: Clients without advisors are MORE literate about retirement income than those with financial advisors. Why?   We also discuss the RICP® designation and process for obtaining it.  Jamie helped create this program so he is able to provide a deep view into the designation.   Interesting Note: Last year the RICP® had more registrations than the CLU. 11,000 advisors are enrolled today!     Link: https://www.theamericancollege.edu/designations-degrees/RICP        Connect With Jamie   Website: hopkinsretirement.com   Twitter: @retirementrisks       About Jamie (From the American College website) Jamie Patrick Hopkins, JD, MBA, LLM, CLU®, ChFC®, CFP®, RICP®, is Associate Professor of Taxation at The American College of Financial Services in the Retirement Income Program and is Co-director of the New York Life Center for Retirement Income. He also holds the Larry R. Pike Chair in Insurance and Investments at The College. Teaching courses in retirement, estate planning, and life insurance, he has educated thousands of financial services professionals and continues to move the needle for retirement income planning.   Professor Hopkins is recognized as one of the leading retirement planning experts in the United States and, in 2015, was selected by InvestmentNews for its list of the top 40 financial services professionals under the age of 40. Professor Hopkins has also contributed numerous articles for periodicals including Villanova Law Review, Nebraska Law Review, and Hastings Science & Technology Law Journal, and has authored articles published by the American Bar Association and the Pennsylvania Bar Association.   Professor Hopkins received his Bachelor of Arts degree in political science at Davidson College. He then attended Villanova University School of Law, where he obtained his JD and graduated with honors. He later received his MBA from the Villanova University School of Business. Professor Hopkins also holds an LLM from Temple University and two financial planning designations from The American College: the Chartered Life Underwriter® (CLU®) and Retirement Certified Professional® (RICP®).

Leadership expert Elizabeth McCourt comes on the podcast to share her thoughts on how financial advisors can become better leaders.   Connect With Elizabeth   Website: http://www.mccourtleadership.com Email: elizabeth@mccourtleadership.com Facebook: www.facebook.com/mccourtleadership Twitter: https://twitter.com/ecmccourt Instagram: https://www.instagram.com/rizabiz LinkedIn: https://www.linkedin.com/in/elizabethmccourt

Charles Sherry is a financial writer, analyst and speaker who is an expert on the topic of leveraging communication to increase advisor visibility. On this podcast we go deep on client communications issues during periods of market volatility.   He is is a regular contributor to popular Horsesmouth blog and he brings almost 25 years of industry experience, including six years authoring the highly-rated Schwab Market Update.   Connect With Charles   LinkedIn: https://www.linkedin.com/in/charlessherry/ Twitter: https://twitter.com/CharlesSherry Blog: https://www.financialjumble.com/blog/ Facebook: https://www.facebook.com/financialjumble/

Ellen Rogin, CPA, CFP® comes on this episode of The Resilient Advisor Podcast to discuss how she grew her business through referrals with her philosophy of 'Generosity' as a currency. She is a Financial Advisor, Speaker, Money Expert and NY Times Best Selling Author.  She is a host of Horsesmouth Advisor Radio and she has been regularly quoted in The New York Times, Money, Time.com, Forbes.com, The Huffington Post, and US News and World Report.     Connect With Ellen     Facebook: https://www.facebook.com/AbundanceActivist Twitter: https://twitter.com/ellenrogin Youtube: https://www.youtube.com/user/ellenrogin LinkedIn: https://www.linkedin.com/in/ellenrogin/     About Ellen     Ellen Rogin, CPA, CFP® and Abundance Activist® is the co-author of NY Times best-seller, Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality. A top producing financial advisor, Ellen is a nationally-known expert on building wealth. She speaks across the country on creating success and abundance.   Chock full of “left-brain” credentials (MBA, CPA, CERTIFIED FINANCIAL PLANNER™), Ellen also walks on the “right” side, balancing values, big picture ideas, meditation and a sense of humor with all her professional training. She is as comfortable talking about the power of compound interest as she is the power of belief.   Ellen and her work have been quoted in such national publications as The New York Times, Money, Time.com, Forbes.com, The Huffington Post, and US News and World Report.   Ellen is a regular contributor to Horsesmouth® and a host of Horsesmouth Advisor Radio.   Ellen is founder and president of Strategic Financial Designs Inc., a wealth management firm in Northfield IL, and serves on the Board of Directors for Metropolitan Capital Bank in Chicago and The Ghana Scholarship Fund.

Brett Danko is an industry veteran who has seen it all.  He comes on the podcast to discuss why a financial advisor should NOT go out on their own.  He has seen the bad outcomes, as well as the good. His insights should be informative to anyone considering a move. His deep experience training thousands of CFP® professionals (myself included!) and running is own national RIA allows him to provide a robust 360 degree view.      Connect With Brett   LinkedIn: Link Website: https://brettdanko.com Main Street Financial Solutions: www.msfsolutions.com Twitter: @BrettDankoCFP   About Brett   Brett’s not just a teacher, he is an active financial planner, just like you. He runs a successful Registered Investment Advisor, Main Street Financial Solutions, LLC(link is external), where he manages and advises his own clients. Brett’s advice and feedback is rooted in real world, real time experience. Brett doesn’t just teach, he puts his words into action. He is also an independent financial planner, so he can provide timely, unbiased options and opinions.   A dynamic speaker and entertaining teacher(link is external), his insights and instruction will be your best preparation for taking the CFP Board Exam. If you already have your CFP certification, he provides the kind of real world support you need through his online Continuing Education and fosters your knowledge to help drive your business to the next level.   Not only is his instruction and feedback informative and noteworthy, Brett is also easily accessible to his students. By signing up for his classes or audio updates, you will have his cell phone number and his e-mail address, giving you the individual feedback you need to better your career and your business. Brett's live courses include - Brett Danko as your personal instructor Course material updated for every cycle of the exam. This is not true for some competitors who print in bulk use the material over a series of exams. Pricing is inclusive of all materials. If you do need to retake the review course we charge you only our cost – no profit. For students who do not pass the CFP Board Exam, Brett personally follows up with a review of the results and an individualized strategy for next steps. If you want the best instruction from the best teacher and the support and guidance you need to make your career the best it can be, partner with Brett Danko today.  

Mark Parrott is the author of Meta-Trends And The Next Economy and a financial advisor with a very unique and insightful approach to the business, the economy and adding value to small business owners. Mark and Jay Coulter discuss:   The value of created Intellectual Property in your practice. How the Certified M&A Advisor designation changed his value proposition to clients and prospects.  The Alliance of Certified M&A Advisors. How Financial Advisors can add 'Extreme Valuation' to their practice. How to target small businesses with $5-20 million dollars in revenue with a unique approach that gets results. How to build a countercyclical revenue stream in your practice.    Connect With Mark   Twitter: @meta_trends LinkedIn: @businessownercoach     About Mark (From his website)   Mark C. Parrott is a wealth manager and financial advisor specializing in helping business owners and families prepare for and enjoy their retirement. A 24-year financial-services industry veteran, Mark is a retirement-planning expert with extensive experience in investment-portfolio design, wealth-distribution strategies, income- and estate-tax planning, and mergers and acquisitions. Mark joined Creative Retirement Planning, Inc., in 1996, after spending te early part of his career at Merrill Lynch. Today he is instrumental in serving clients across the country. Mark earned a Baccalaurate Degree in Finance in 1989 at State University of New York New Paltz.  He also has a certificate in Investment Decisions in Behavioral Finance from the Harvard Kennedy School of Government and became a Certified Mergers-and-Acquisitions Advisor at DePaul University.