Podcasts about planswell

Eric Arnold is no stranger to failure. In fact, he failed out of college, got fired from two companies, failed at nine different startup ventures and lost everything on a bad investment.  In this episode, Diana Britton speaks with Eric Arnold, CEO of Planswell, about how he has learned from those failures and has been … Continue reading Coming Back From Failure with Eric Arnold →

In this episode, we sit down with Eric Arnold, CEO of Planswell. Planswell's mission is to create the world's most actionable financial planning experience for everyone for free. They provide any consumer the ability to get a financial plan in 3 minutes. They also partner with advisors to connect investors looking for help in a new way – through education, insight, and training. Eric and I got into what they've seen from doing hundreds of thousands of financial plans and how advisors can educate investors on the biggest buckets when it comes to financial planning.   Learn more about Planswell: www.planswell.com

Product Management Peer Group - May 2020 Join our guest, Eric Rogness, former Founder of Planswell as he tells the story of how they started the Planswell product, built the team and scaled it to 57 employees and a $60 million valuation. Eric will focus on some of the key challenges and lessons they learned and then will open it up for a roundtable discussion. These sessions are facilitated by Lee Garrison of the TPMA. https://tpma.ca/about

Today on The Rational Reminder Podcast, we talk about the relationship between asset allocation and outcome, the ins and outs of reverse mortgages, and finally, life insurance (or lack thereof) in Canada. However, we begin by sharing some interesting points covered in a recent Barry Ritholtz interview with Eugene Fama and David Booth for his Masters in Business show. We talk about how Booth started the first index fund and discovered the value factor, and quote some of Fama’s classic perspectives on behavioural finance and market bubbles. On the topic of asset location, Ben shares some of the findings of his recent research. He weighs in on his surprising discoveries about how to go about investing stocks and bonds in RRSP and taxable accounts to get the maximum yields. One of his main takeaways is the concept of putting bonds in your RRSP to intentionally trick yourself into a more aggressive portfolio. Regarding reverse mortgages, we begin with some definitions and explanations of why they might be beneficial, and then cover the question of whether or not they are the symptom of a ‘debt-addicted’ society. Finally, we end off by discussing a recent study by Policy Advisor which found some shocking facts about how Canadians are drastically underinsured. For all this and more, join us today!   Key Points From This Episode: The difficulty of predicting stock returns based on rate changes. [0:02:27.0] Discussing the Barry Ritholtz interview with Eugene Fama and David Booth. [0:05:44.0] Booth started the first index fund and discovered of the value factor. [0:07:43.0] The fact of bubbles only being such in hindsight according to Fama. [0:08:51.0] Efficient markets aren’t necessarily rational. [0:09:18.0] The reason for risk-based and behavioural explanations for asset prices. [0:09:34.0] The value premium does not fluctuate in cycles according to Fama. [0:09:47.0] Considering the role of expected return in making investment decisions. [0:10:21.0] Ben’s video on market efficiency in relation to Fama’s perspectives on the matter. [0:10:36.0] Jim Simons and the mystery of the success of Renaissance Technologies. [0:11:35.0] How lead generation and aggressive sales shut Planswell down. [0:14:25.0] Vanguard is restructuring its fees and lowering its VXC. [0:17:02.0] Why pre-tax asset allocation doesn’t affect expected outcomes. [0:18:11.0] Bonds in an RRSP give a better expected outcome than in a taxable account. [0:20:56.0] Ben’s model endorses investing 75/25 in both the taxable and RRSP accounts. [0:21:20.0] Why putting stocks in an RRSP gives a great expected outcome. [0:23:40.0] What the highest yielding asset classes currently are. [0:23:54.0] Why a more aggressive portfolio as far as asset location is good. [0:28:29.0] How after-tax wealth remains the same through three different location strategies. [0:29:03.0] The pretax drawdown difference between all bonds and all stocks in an RRSP. [0:29:25.0] Future outcomes can still be detrimental to an initially optimal asset location. [0:30:29.0] It is important for people to think of their asset allocation in after-tax terms. [0:31:17.0] Drawing on reverse mortgages to fund retirement spending. [0:32:39.0] ‘Reverse mortgage’ refers to extracting money from a paid-for house. [0:33:22.0] The benefits of reverse mortgages vs regular mortgages. [0:33:42.0] When you take income from a reverse mortgage, it’s not taxable. [0:35:13.0] You can borrow more money out of your reverse mortgage as you age. [0:35:45.0] Are reverse mortgages the symptom of a debt-addicted society? [0:37:13.0] A Policy Advisor study finds that Canadians are drastically uninsured. [0:39:15.0] Shocking statistics on the underinsurance of Canadians. [0:40:15.0] And much more!

Join in for a conversation with Eric Arnold, Co-Founder and CEO of Planswell. Planswell is a fintech company based in Toronto that is a one-stop shop for financial information and advice to Canadians. On his journey of starting Planswell Eric had nine other businesses. His entrepreneurial push started early with a desire to make $100,000 as a young teenager and a school environment where he constantly felt misunderstood propelled him down this path. We explore what this $100,000 goal meant for Eric, how it propelled him on his entrepreneurial journey, the key learnings he had from each venture, going without a mentor, proving naysayers at his financial job wrong, and the financial roller coaster of building Planswell. I mean, will you rack up $250K in personal credit card debt to not miss your own team's payroll? Eric has focused on creating a transparent company where he values inclusivity for his people as we discuss not only his journey but philosophy on creating a company for his people.

Eric Arnold is the founder, and CEO of Planswell. The financial planning company disrupting traditional financial advisory, has raised over $18 million to date, and built over 200,000 financial plans for customers all over the globe. In this one, we dive into a variety of topics, including raising capital from a strategic investor vs. a VC; myths with regard to financial planning and financial literacy; the misalignment of incentives that exists between financial advisors and their clients, how to create viral content on LinkedIn, and much more.    EP sponsor: https://eotoronto.ca/  

Eric Arnold ( https://www.linkedin.com/in/ericjarnold/ ) , the CEO of Planswell, comes on the show to talk about how, as a serial entrepreneur, he's built his career into what it is. Eric gets into a bit about his backstory, how failing has helped him a lot more than succeeding, and even a little bit of parenting. Eric was a great guest and we think you'll really enjoy this episode.

Kristian Borghesan, Marketing Manager at Planswell and Co-Founder at Bruha, talks all about growing an event ticketing startup, why often the best growth marketers are entrepreneurial and 3 growth experiments that the Bruha team ran that resulted in the greatest lift. For the full show notes, tweetable quotes from Kristian and other goodies, go to https://growthmarketing.today/034

Eric Arnold, he's the CEO of a company called Planswell (planswell.com). Eric has started about 8 or 9 ventures before finally starting planswell and to date the company has raised around $15M in funding and created close to 100,000 plans for Canadians. He's a grinder, hustler and an awesome guy.

Eric Arnold's personal finance story is not for the risk-averse. Eric is what you might call a serial entrepreneur. Whatever people have in their brain that prevents them from taking huge risks… yeah, Eric doesn't have that. What does this mean for Eric? It means when the rest of us were working our 9 to 5s - making spreadsheets for our bi-weekly paycheques, Eric was building businesses. Some did very well and some did not. With success comes failure, but Eric learned something from every business. Today Eric is CEO of Planswell, a company that provides free financial plans to Canadians. Planswell is doing great, having raised $13 Million dollars to date and so far providing free financial plans to over 100,000 Canadians. But a lot happened before Planswell was even an idea. Here's Eric to take us through his personal finance story. NEXT EPISODE 48 - Kylie Travers

This is the 19th episode of the Fintech Impact podcast, and Jason Pereira interviews Eric Arnold, the Chief Executive Officer at Planswell, an online financial planning software platform that is really targeted at individual consumers, helping customers implement their financial self-planning. Eric shares how Planswell was started, its capabilities, and ways in which it continues to expand.● 01:36 – Eric began his career starting many businesses including tea at shopping malls, driveway sealing, independent music distribution, children’s birthday parties, and window cleaning.● 03:11 – Eric and his wife moved to Toronto from Aurora for her to attend the University of Toronto and he took on a job as an investment advisor at Wood Gundy.● 06:14 – In 2016, investor dollars went into building up Planswell and have since made over 30,000 financial plans for people—about 20,000 in the last six months.● 07:12 – The client experience begins with clients hearing about Planswell from ad campaigns or referrals, going through about 40 questions in 3 or 4 minutes, and they are then walked through their strategy plan.● 10:56 – The 3 Pillars to Implementing a Plan: Acclimation of investments, Insurance, and Mortgages.● 12:00 – Planswell Portfolios is a stand-online PM, a no-call a robo advisor license.● 12:45 – On the insurance side, Planswell is a fully licensed insurance brokerage essentially, it’s called an MGA in the industry, which is the highest relationship that you can have with insurance manufacturers● 17:06 – A lot of the plans Planswell have implemented were before they were even onboarding.● 20:13 – Currently, Planswell has about 50 team members, doubled from last year, and next year the staff should increase to between 100-150.● 20:56 – Over 25% of the potential investors Planswell has pitched to have invested.● 25:20 – The general feedback from the financial advisor community is that many are uneasy about their futures.● 26:50 – The demographics of Planswell skew a little older and coming from high net-worth brokerage and homeowners. The average client age is 40 years.● 29:46 – About 5% of advisors are actually making plans for clients.● 32:12 – Everyone is on a salary and receive performance incentives to get them excited about onboarding clients effectively and efficiently.3 Key Points:1. Planswell has since made over 30,000 financial plans for people—about 20,000 in the last six months.2. The client experience starts with clients hearing about Planswell from ad campaigns or referrals, going through about 40 questions in 3 or 4 minutes, and they are then walked through their strategy plan.3.The 3 Pillars to Implementing a Plan: Acclimation of investments, Insurance, and Mortgages.Tweetable Quotes:- “Planswell is a way to figure out what you need to do on a monthly basis to maintain your lifestyle into the future.” – Eric Arnold.- “We are like a fully licensed insurance brokerage essentially, it’s called..an MGA in the industry, which is…the highest relationship that you can have with insurance manufacturers. – Eric Arnold.- “We definitely see a future where there are probably still a lot of advisors. I don’t see a future where top advisors are making $3 or 4 million a year, I don’t think the financial institutions thinks that either.” – Eric Arnold. Resources Mentioned:● LinkedIn – Jason Pereira’s LinkedIn● Facebook – Jason Pereira’s Facebook● Woodgate Financial – Website for Woodgate Financial● LinkedIn – Eric Arnold’s LinkedIn● Planswell – Website for Planswell See acast.com/privacy for privacy and opt-out information.

Episode 9: Eric Arnold, CEO of Planswell talks about how a lack of startup capital, experience, and mentorship held him back. Eric highlights the importance of creating a ton of value for customers and providing those customers with a solution that solves a real problem. He also explains why developing a way to acquire clients in a profitable way is what leads to sustainable growth.Visit JamieIrvine.ca for complete show notes of every episode and don't forget to subscribe, rate, and review the podcast. This podcast is sponsored by:Screen2Fit by Pro.file | FreeeUp | Trackstar Web Design | Process Street Disclaimer: This podcast and description contain affiliate links, which means that if you click on one of the product links, the Build a Better Business Podcast may receive a small commission.Thank you for listening and I look forward to talking with you soon.

Mike Wickware started out having no idea what he wanted to do with his life and now he is Chief Marketing Officer of a company called Planswell. Along the way, Mike had to make hard decisions about what was right for him and really think about what he wanted to do with his life. There will always be people that tell you that you have to stay on a certain path because of safety and security or the fact that you spent money on a degree and you shouldn't waste it. Most of the time these people are well intentioned and they are just looking out for you. They don't want you to get into trouble. But the key thing to remember is that these people aren't the ones living your life. You have to do what's right for you. Even if people don't understand. Even if you end up somewhere you could have never predicted. Are you one of the lucky ones who has always had a clear picture of what you wanted to do with your life? There are many different names for this part of our life: job, career, work, what we do for a living. Whatever you call it, it's the thing - or things - that we do to make money. The ideal situation is that the thing we do every day to make money is also something we enjoy, and that aligns with our core values. A core value is something that is important to you. For example, one of my top 10 core values is helping others, so if I'm doing work and the end result of that work doesn't help others in some way, I won't be happy doing that work. You might have heard someone say: what would you do with your life if money wasn't important? When you're starting out in the working world, you don't generally have that luxury, so you might take the job that pays you well enough for the skills you have at that moment in time. But most of the time, you don't stay in that job for the rest of your life. Not anymore anyhow. You might move up in a company, learn more about what you are good at, and eventually you might find out that you want to do something completely different. Some people think that when we change jobs, or follow our passions, we're being selfish. But to quote Esther Perel: It's not vanity, it's sheer survival of the soul. If you are doing something everyday and that something doesn't feel quite right, it is very important to listen to that feeling. It doesn't mean that you've been doing the wrong thing for the past 10 years, it just means that over that time you've learned more about yourself and what it is you truly want. I believe that this is something that can only come from experience. Mike invited me to the Planswell head office where he told his personal finance story. NEXT EPISODE 15 - Randy Cass Click here to book a FREE 15-minute personal finance consultation with Beau Humphreys, Personal Finance Coach Click here to become a patron of The Personal Finance Show via Patreon To register for my next available personal finance webinar click here.

A podcast surveying Tech, Startup and Venture Capital News. A lot of #FinTech and #SaaS News! Featuring Alibaba, Baidu, Oracle, RBC, CIBC, Planswell, Wellington Financial, Aconex, Convercent, Peel-Works, Xage, Voatz, and Asia Mobility Industries This episode reads news from Forbes, BetaKit, CNBC, Bloomberg, VCcircle, TechCrunch, Livemint, and VentureBeat Background Music: Maple Syrup - Dedication (One for B.) Freddie Joachim - Let Me Know

In this episode, we talked with David Hurley, the head of growth at Planswell. This show is jampacked with various topics that will give you an idea on how growth works and how certain learnings and turns in life could help develop your overall growth process!

When I first heard about Planswell, I joined their waiting list immediately. Planswell is giving free financial plans to all Canadians. This is what I've been looking for. Free budgeting and tracking from mint.com and now free financial plans. As I was doing research for the podcast interview and as I got to know the team better, I realized that Planswell is more than just a quick free financial plan. It is definitely quick and free, but that first 4 minutes where you type in your info and a plan comes out - that's just the beginning. Just like me with my personal finance coach clients, Planswell wants to help you over the long run. The first plan is just the first plan. Every 6 months after that, you're going to update that plan. Every 6 months for the next 40 or 50 years. Planswell is not just about investing your money. The results of the plan depend on your personal financial situation. If you come to Planswell and you are in debt, the plan is going to have a debt repayment part to it. The plan may even tell you to put all of your available funds towards the debt and help you figure out how to do that. Planswell is not going to just take your money and invest it without knowing everything else about you. This is called holistic financial planning. This is what I want for everyone. THE INTERVIEW I had this idea to bring my mobile podcast studio to the new Planswell HQ and interview the whole team all at once. I wasn't sure if they would go for it but they did and I'm really happy with the results. Having the whole team as part of the interview meant that it wasn't just one person answering questions, but that anyone could grab the mic if they had something to say. Most importantly, I got to try my segment “Questions from the Internet” with a large group of people and it was really fun. You can find the start of that segment around the 35 minute mark. Overall I had the best time chatting with Planswell and I hope you enjoy the podcast! NEXT EPISODE 06 - Sean Cooper   Click here to become a patron of The Personal Finance Show via Patreon