Podcasts about adviceperiod

The founder of AdvicePeriod, Vanilla, and others, offers a unique perspective on how an advisor's entrepreneurial DNA can drive their ability to serve clients and grow untethered, particularly in the independent space.

In this episode of the Perspectives podcast, sponsored by Charles Schwab hosted on ThinkAdvisor, we’ll hear highlights from the September 30th presentation titled, The Momentum Behind the RIA Model.    The Registered Investment Advisor (RIA) model continues to thrive forward – and now is the perfect time to join the momentum. Why now? The speakers in this presentation – Becky Krieger, CFP®, CPA, Managing Director, Client and Community Outreach & Shareholder at Accredited Investors Wealth Management®; Jonathan Straub, Founder and Principal at AdvicePeriod; and Chris Reedy, Managing Director, Business Development at Schwab Advisor Services™ – highlight five major trends that are propelling RIA firms forward. Successful RIA advisors share how these major trends have helped them shape and grow their firms to benefit their clients and themselves. The full on-demand webcast can be found here: https://www.thinkadvisor.com/2020/09/03/the-momentum-behind-the-ria-model/

This week, Jamie Hopkins talks with Steve Lockshin, the founder and principal at AdvicePeriod about how he ended up in the financial industry and his business ventures along the way. He also shares his critiques of the industry and the future of digital frameworks for financial services.  You can find show notes and other information at CarsonGroup.com/Framework.

In light of current world events, many people are experiencing abrupt financial insecurity. Whether going from one or two incomes down to one or none, or owning a business directly impacted by COVID-19, millions of individuals are experiencing significant stress around finances. Financial anxiety is one of the top reasons for chronic stress, but it doesn't have to be. On today's episode our host, Dhru Purohit, talks with Christopher Girbés, a Certified Financial Planner and a Partner at AdvicePeriod. They talk about the details of the Coronavirus Relief Bill, who will be getting the CARES Act stimulus, how much, and how it will be delivered. They also talk about immediate ways to acquire money if you’re struggling to find a way to make ends meet. Dhru and Chris also discuss 4 big ideas to tackle financial anxiety head on, including:Understanding that real emergencies happen, that they’re not infrequent, and how to be prepared because it’s not a matter of ‘if,’ but when. Remember that crises can actually be opportunities to understand how better to prepare for them.When emergencies happen, step into the moment and learn from them.Create a system and not a budget. Being aware of personal finances is an opportunity to create a system that works and to be prepared for the future, even when the present feels uncertain. Take financial power into your own hands by learning from this experience and preparing for the next one.For more on Chris, check him out on Instagram @chrisgirbes or send him an email to: chris.girbes@adviceperiod.com.Check out the books they discussed: Total Money Makeover by Dave Ramsey and I Will Teach You To Be Rich by Ramit Sethi.For more on Dhru Purohit, be sure to follow him on Instagram @dhrupurohit, on Facebook @dhruxpurohit, on Twitter @dhrupurohit, and on YouTube @dhrupurohit. Check out his website https://dhrupurohit.com/. You can also text Dhru at (302) 335-6565. See acast.com/privacy for privacy and opt-out information.

In the 13th episode of The COO Roundtable, Matt welcomes Kristi de Grys of Merriman Wealth Management and Larry Miles of AdvicePeriod. After spending almost two decades in the aerospace industry, Kristi de Grys brings an outside (and strongly analytical) perspective and occupies a role not yet seen on The COO Roundtable—that of the Chief Investment Officer/COO. Similarly, Larry brings the perspective of a “recovering history and English major” to his role of providing strategic leadership for growth and profitability. With the goal of highlighting the importance of values & culture when it comes to the management of a firm, Matt, Kristi, & Larry sit down to discuss how a COO can make the firm’s values the basis for its processes, how to build the right culture for your firm, and more, including: The benefits of hiring a diverse set of team members from both within and without the industry How intentionality is key when building a distinct culture at your firm How a COO can maintain an outsider’s perspective in order to continually challenge the status quo Larry’s experience being both a principal and a practice management author Kristi’s three levels of communication within a firm The importance of professional management, and the COO specifically, for RIAs in acquisition mode Where Kristi and Larry turn to for peer-level best practices and education Check out Larry’s book, It’s That Simple: How to Build the Professional Service Firm of the Future, here. We hope you enjoy, share, and subscribe! You can listen and subscribe on iTunes, Google Play, Spotify, iHeartRadio or Stitcher. Sign up here to be notified of new practice management content added to our blog on a regular basis.

In the 13th episode of The COO Roundtable, Matt welcomes Kristi de Grys of Merriman Wealth Management and Larry Miles of AdvicePeriod. After spending almost two decades in the aerospace industry, Kristi de Grys brings an outside (and strongly analytical) perspective and occupies a role not yet seen on The COO Roundtable—that of the Chief Investment Officer/COO. Similarly, Larry brings the perspective of a “recovering history and English major” to his role of providing strategic leadership for growth and profitability. With the goal of highlighting the importance of values & culture when it comes to the management of a firm, Matt, Kristi, & Larry sit down to discuss how a COO can make the firm’s values the basis for its processes, how to build the right culture for your firm, and more, including: The benefits of hiring a diverse set of team members from both within and without the industry How intentionality is key when building a distinct culture at your firm How a COO can maintain an outsider’s perspective in order to continually challenge the status quo Larry’s experience being both a principal and a practice management author Kristi’s three levels of communication within a firm The importance of professional management, and the COO specifically, for RIAs in acquisition mode Where Kristi and Larry turn to for peer-level best practices and education Check out Larry’s book, It’s That Simple: How to Build the Professional Service Firm of the Future, here. We hope you enjoy, share, and subscribe! You can listen and subscribe on iTunes, Google Play, Spotify, iHeartRadio or Stitcher. Sign up here to be notified of new practice management content added to our blog on a regular basis.

If you’re looking for permission to take that next step, this is it. Meet Steve Lockshin, founder of AdvicePeriod. Steve is a believer in getting out there and risking failure. In this episode, he talks to hosts, Doug and Matt, about his mission to reinvent wealth management, the value of finding truth-tellers, and why he … Continue reading MarketCounsel Summit: Creating a Failure Budget with Steve Lockshin →

Welcome to the Tearsheet Podcast. I'm Zack Miller. With roboadvisors, exchange traded funds, and mobile banks in your pocket, what does the wealth management firm of the future look like? It feels like core parts of the investment process are being commoditized, if they haven't been already. So, where does a asset manager provide value? Jonathan Straub, co-founder of AdvicePeriod, an LA based wealth management firms joins me to talk about the future of wealth management. He believes the current model of wealth management is outdated and so, AdvicePeriod is his effort at creating a wealth management firm that blends technology and advice, with a corporate culture that is deliberate. We also explore what type of people are entering the investment advisory field and their current career trajectories. Jonathan Straub is my guest today on the Tearsheet Podcast. You can get this episode and over 200 other episodes of the Tearsheet Podcast on our website: http://www.tearsheet.co

Larry Miles is a Principal at AdvicePeriod, whose mission is to reinvent wealth management. Their approach, which includes extensive use of technology in delivering a planning-focused experience, has taken the firm from start-up to over $2 billion in just a few years. His book, […] The post Larry Miles on Building the Firm of the Future appeared first on Becoming Referable.

Steve Lockshin, Founder and Principal of AdvicePeriod Will robo-advisors replace human advisors? Find out one thought leader’s opinion in this episode. Listen in as Kathleen interviews Steve about his work at AdvicePeriod and his view of how advisors need to embrace change to best serve their clients. Key Take Aways: Technology helps advisors better serve you. If you are a do-it-yourselfer now, then you probably will embrace robo-advisors. However, if you prefer to meet with an advisor in person, this technology will only enhance your advisor’s customer service. Women tend to be more receptive to changes in client service models. Steve notices a difference in how women versus men think about robo-advisors. In general, his research shows that women tend to be more receptive to this type of change in the industry and like the simplicity of the technological offerings. Talk to your advisor about how technology can help you achieve your financial goals. Are you still unsure about robo-advisor offerings? Then talk with your financial services professional about when, where, and how to incorporate this technology into your relationship. Steve Lockshin is a Founder and Principal of AdvicePeriod and the author of Get Wise to Your Advisor. His firm’s mission is to reinvent wealth management and improve the advisors’ and clients’ experiences. Steve has won numerous awards in the industry and has been ranked #1 by Barron’s numerous times. He helped pioneer the independent advisory industry, building one of the largest independent RIAs in the nation, which was acquired by City National Bank in 2007. In 2018, AdvicePeriod was named one of Inc. Magazine’s Best Workplaces. Breaking Money Silence® Podcast was recorded at Sugarhouse Soundworks, LLC

In Episode 117, we welcome entrepreneur and wealth advisor, Steve Lockshin. At Meb’s request, Steve walks us through his professional background in the financial services industry. It’s an interesting story, reflecting how wealth management has changed over the decades. Meb picks up on a term Steve used in describing his early years – “producer” (referencing an advisor) – making the point that if advisors were expected to produce revenue to the degree that “producer” was their name, it pointed toward a potential conflict with the client’s goals. Steve agrees, noting that the conflicts of interest in the business are challenging. He offers us an example using a mortgage payment scenario. If a client allocated capital toward paying down a high-rate mortgage rather than toward funding his equity portfolio, that debt paydown would benefit him, yet would decrease the advisor’s AUM, hurting the advisor’s personal revenue. Given this, the advisor may not be incentivized to make recommendations that are always in the best interest of the client. Meb asks for more details about Steve’s fee structure at AdvicePeriod, and why it was set up that way. Steve walks us through the details, noting that their fee structure largely emanates from the value they bring. So, their fees are always clear and capped. This bleeds into a conversation about an advisor’s biggest value add. Meb wonders if it’s estate planning and tax issues, or if it varies. Steve answers by first referencing portfolio construction, asking a question – if we take the top quartile of advisors, what does Meb think they’d produce, over a 20-year period, in true alpha above the market? Meb answers, basically 0%. Steve agrees, noting portfolio construction is not the real source of advisor alpha. Instead, he points toward taxes as a huge source of real value. He concludes saying “Turning that tax dial is a huge return for clients” and “We think the estate planning and tax planning levers are the most important levers to push on for clients”. The guys bounce around a bit here, discussing high advisor fees, and how the industry was able to hide them for years… the biggest problems Steve sees with new clients when they bring over their portfolios… and how the general advisor/client process works. But from here, the conversation turns toward how one might find a great wealth manager. It’s challenging, as laws prohibit client testimonials, and as Steve says, most clients don’t know which questions need to be asked. He gives us a few examples of good questions: What will your fees be if I tell you that you can’t use any of your own funds? How often would we meet? What software will you use? How much access to information will I have? What’s your transparency level? Next, Meb asks how things look going forward on the investment advisor side. Steve tells us that as soon as info becomes accessible and digestible by investors, we’ll see people behave differently. We’ll keep seeing fees come down, and transactional fees will go away. And when moving your entire account from one group to another becomes a matter of just a few mouse clicks, we’ll see a massive shift. Meb asks when we’ll see an “automated Lockshin”, meaning when will wealth management become automated? Steve thinks it’s far closer than people think. He references Google Duplex, which is basically a computer speaking to us, yet fooling the human on the other end of the phone into believe he/she is conversing with another real human. There’s way more in this episode: Steve’s favorite private investment right now… how tax planning is the biggest alpha generator out there but doesn’t receive the emphasis is deserves… how the industry goes out of its way to complicate things for investors… Vanguard Life Strategy Funds… and of course, Steve’s most memorable trade. What was it? Find out in Episode 117.

Larry Miles is a Principal of 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. 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.     Larry earned a Bachelors degree from Amherst College, a Masters from the London School of Economics, and has taught courses at the Massachusetts Institute of Technology. He is a member of Young Presidents Organization and is the author of It's That Simple - a book on how to build the professional services firm of the future, due out later this year.  

Today, Larry Miles, a principal at AdvicePeriod talks about what most financial advisory firms get wrong in customer experience. Luckily, as a firm this is something you can take control of and change. Culture, Technology, and specifically your team can help boost morale and create memorable customer experiences that will separate your firm from the rest. Part of this is continuously adapting and changing with the times. When you're upgrading your firm's technology, and focusing on connecting with customers, you will only be propelled further. AdvicePeriod lives by the quote "If culture doesn't fit, nothing else matters", you should too. Tune in to find out how you can grow your company culture, and create rewarding experiences for both your team and your clients. AdvicePeriod for Advisors | AdvicePeriod

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.  

By rethinking every aspect of how to price and deliver wealth management, AdvicePeriod has gone from a startup just a few years ago, to more than $6 billion in assets under advisement. We go under the hood to learn exactly how they did it. They're not shy about stating their take on the financial advisory business. "We're reinventing wealth management. The old model is totally outdated," says the bold headline at the top of their website. My guest today, Larry Miles, is a Principal and shareholder at AdvicePeriod, and as the company's proclamation about reinventing wealth management suggests, he isn't one to set the bar low.  Larry's primary focus at AdvicePeriod is to provide strategic leadership for growth and profitability while maintaining a high standard of excellence, something all financial advisors should be thinking about as our industry evolves into Life-Centered PlanningTM.

How well are you using advisor technology to automate your business, augment your work as an advisor, and segment and personalize the value you deliver to your clients? Have you thought strategically about your business model and how you use technology to support it in a profitable way? In today's show, I chat with Michael Schrage, who is one of the world's most provocative thought leaders on innovation. He's also a research fellow at the MIT Sloan School’s Center for Digital Business, a columnist for Harvard Business Review, Fortune, CIO Magazine and MIT’sTechnology Review, and the author of multiple books. Perhaps no one knows more about how to maximize return on investment from innovation processes than Michael. I first became aware of Michael nearly 20 years ago when I read his article, The Relationship Revolution. In the article he said we should think about technology as a way to enhance relationships, and not just a way to add value to information. It stuck with me. Our conversation covers several topics including: How to align using advisor technology to automate, augment, and segment and personalize the work you do. The importance of figuring out your business model (e.g., a highly automated mass market model like Betterment, a high-end, hands-on boutique like AdvicePeriod) and how you use advisor technology to support it. How you can use advisor technology to gather information that leads to insight that allows you to deliver greater value with greater confidence to your selected clients. How advisor technology can deepen your client relationships instead of just "scaling" them. How to use data to optimize what's in the best interests of your clients. Why robo-advisors are not commoditizing investment management--despite what many people believe.

Steve Lockshin founded several FinTech companies including a multi-billion dollar registered investment advisory firm, a wealth management reporting solutions company, and his newest company, AdvicePeriod, which is redefining what it means to be a wealth management firm in the age of FinTech. Along the way he was named the #1 independent financial advisor in the United Sates by Barron’s Magazine in 2011, and he became an investor is several hot startups. In today’s podcast, Steve shares some of the key lessons and insights he learned on the road to becoming a top entrepreneur.