Podcasts about Putnam Investments

In this episode of The Rainmaker Podcast, Gui Costin sits down with Dominica Ribeiro, Chief Marketing and Distribution Officer at Breckinridge Capital Advisors, the legendary asset manager based in Boston. The conversation covers Dominica's non-traditional career path, the structure and discipline of Breckinridge's distribution team, and the leadership philosophy that has shaped how she runs sales and marketing as a single integrated function.Dominica started full-time in the industry directly out of high school at Putnam Investments, working through her associate's, bachelor's, and master's degrees while building her career. After 5 years at Putnam, she spent 14 years at Fidelity, including a long stretch at Pyramis Global Advisors in Smithfield, Rhode Island, where she worked institutional marketing in lockstep with the distribution team. That alignment of marketing and sales, unusual in the industry, became the foundation for her current role at Breckinridge, where both functions sit under her leadership.Breckinridge is a 30+ years old independent asset manager with roughly $55 billion in AUM (as of 3/31/26) and 89 employees across offices in Boston and San Diego. The firm specializes in investment-grade fixed income and equity income portfolios delivered through customized separately managed accounts. Despite its size, the firm operates with a deliberate boutique feel, and Dominica's 20-person distribution and marketing team is structured to reinforce that. She walks Gui through how the team is organized, two regions split east and west of the Mississippi, with specialized state-level coverage, plus dedicated private wealth, institutional, national accounts, and distribution strategy teams.A key theme of the conversation is continuity of relationship. Breckinridge does not hand prospects off from sales to a separate relationship management team. The same person who brings the client in stays with them through quarterly updates and ongoing engagement, which Dominica believes drives better retention and cross-sell. That continuity is reinforced by a transparent scorecard that incentivizes business development, retention, execution, and collaboration, shared with the team in January so reps know exactly how they will be measured.Dominica is candid about CRM implementation. Breckinridge uses Salesforce, and her advice to boutique managers considering a CRM rollout is simple: don't do it without a dedicated sales enablement or operations resource. The cost only pays off when someone is responsible for data discipline and reporting consistency. Gui shares how Dakota has integrated Slack, Salesforce, and Claude to make meeting note capture nearly frictionless, eliminating the most common source of CRM data decay.The conversation closes on leadership. Dominica describes herself as leading with empathy while holding a high bar, direct when the team falls short, transparent about expectations, and clear that proactive communication is non-negotiable. Her advice to early-career salespeople is to trust their gut and communicate constantly, even in internal-facing roles. Looking ahead, she names focus as her biggest challenge: at 89 employees, the firm has to be disciplined about where it invests its time, talent, and resources, and the feedback loop from clients and prospects is what drives those decisions.Tired of chasing outdated leads? Book a demo to see how Dakota Marketplace simplifies your fundraising process with accurate, up-to-date investor data. 

Brian Freiwald of Putnam Investments joins us to discuss the nature of emerging markets and how their behavior differs from the US equity market. He offers his views on the reasons to allocate to emerging markets, including insights on specific companies and the broader opportunity across emerging markets today.

In this episode, Caroline Edwards, Senior Client Portfolio Manager at Putnam Investments, offers a comprehensive overview of the newly launched Mackenzie US Value Fund. She explains the fund's investment philosophy, which centers on a relative value approach to stock selection and details the team's bottom-up idea generation process – an approach that combines fundamental and qualitative research to build a well-diversified and resilient opportunity set. Caroline also explains how the fund serves as a strong complement to the Mackenzie US All Cap Growth Fund, a strategy that Putnam has successfully managed for Mackenzie for over a decade. This episode was recorded on May 16, 2025.

Mike Dullaghan is the Director of Retirement Sales Execution for Franklin Templeton. He is responsible for providing thought leadership, promoting new content, and delivering the tools and resources that help enable the Retirement team to effectively market Franklin Templeton products. Mr. Dullaghan is a regular contributor to Kiplinger's “Building Wealth” newsletter. Previously, at Putnam Investments, he was the Director of Content and Sales Enablement for Putnam's DCIO Team. Mr. Dullaghan received his Retirement Income Certificate, or RI(k), from the National Association of Plan Advisors (NAPA).In this episode, Eric and Mike Dullaghan discuss:Automatic enrollment and automatic escalationThe evolution of retirement income solutions Regularly updating the plan design The blurring of lines between retirement and wealth advisory Key Takeaways:For ERISA plans established since January 1, 2023, automatic enrollment and auto-escalation are now required, reflecting a shift toward helping more workers save effectively for retirement.There's a growing focus on creating in-plan guaranteed income options, with innovations aimed at providing personalized income solutions using technology like AI to help retirees manage their savings.Just like smartphone operating systems, retirement plans need periodic review to ensure they're optimized for changing workforce demographics and participant needs.With state mandates and demographic shifts, advisors are increasingly working across retirement plans and wealth management, creating new opportunities for comprehensive financial guidance.“If we can boil it down to what's the why of retirement income, what's the how of retirement income, and what's the what, then I think we're going to be in a way, better place than we are today.” - Mike DullaghanConnect with Mike Dullaghan:Website: https://www.franklintempleton.com/ LinkedIn: https://www.linkedin.com/in/mikedullaghan1/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast is general in nature and is provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date but may be subject to change.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

“I define wealth as the luxury of choice.” –Kaitlyn CarlsonDo you like the sound of financial freedom or work optional? If you're uninspired by the idea of a retirement fund and underwhelmed by the idea of money management, this conversation with certified financial planner Kaitlyn Carlson is for you.A financial planner helps you take the 30,000 foot view of your financial situation. They see your business, your other assets, your liabilities. They see where you are and where you want to be … and the different paths to get you there.If you are looking for the luxury of choice, wealth creation needs to be part of your plan.We talk about: Living in your purpose and looking at your work optional date3 levers you can change the numbers you settle on make you panicWriting down your financial goalsGrowth over time and why to start now even if you can't save what you think you should be savingUsing a retirement calculator Getting help with financial planning instead of feeling like you have to know everything about itABOUT KAITLYNKaitlyn is the Founder & CEO of Theory Planning Partners, a boutique wealth creation firm for the top female entrepreneurs in the United States.Before launching Theory Planning Partners, Kaitlyn spent the majority of her career at UBS Financial Services, Inc., where she held roles in both the southern and northeastern regions of the U.S. There, she developed more than 300 financial plans for clients with assets ranging from $500,000 to $1 Billion. Subsequently, she became an advisor on a private wealth management team that managed over $600 million for a few dozen families. Her career began in asset management with Putnam Investments.Kaitlyn is a CERTIFIED FINANCIAL PLANNER™️ (CFP®), Certified Exit Planning Advisor™️ (CEPA™️), and an Accredited Wealth Management Advisor (AWMA®). Outside of work, she is a spiritual seeker ravenous to understand why we are here and how to make a meaningful life.Kaitlyn lives in Marblehead, MA, with her husband, Jake, their three children, Russell, Luke, and Grace, and their affectionate dog, Bacchus. In her free time, she enjoys exercising, reading, traveling, and trying new restaurants around Boston.LINKStheoryplanning.comhttps://www.instagram.com/theoryplanningpartners/DOABLE CHANGESAt the end of every episode, we share three doable changes, so you can take what you've heard and put it into action. Change comes from action. Sometimes action gets a bad rap. You can be kind to yourself. You can practice being AND doing, but for change to happen you have to take steps. The way we take care of ourselves is making the steps doable and focusing on one thing at a time. We take time to integrate the change and then move on to the next one. Pick a Doable Change that resonates with you the most to start from. Here are three Doable changes that we chose from this conversation. FIND YOUR FREEDOM DATE NUMBER. Use a retirement calculator to figure out how much you need to live the lifestyle you want based on when you want to be work optional.ADJUST YOUR FINANCIAL FREEDOM NUMBER. If your freedom date number scares you, change one of the levers. You can adjust how long before your freedom date, how much money you want to live on monthly, or play with your savings rate. You can keep adjusting too.START INVESTING. Don't think that you have to hit your number right away. Start now with what you can do. Work toward reaching that monthly goal (and know that if you exceed it, you will make up for some of the lower months).

Brendan is the Head of Retirement Investing for Nuveen where he is responsible for the firm's DCIO efforts in the U.S. In this role, he leads strategy and distribution for Nuveen investment and TIAA lifetime income solutions in the 401(k), 403(b), and 457(b) marketplaces. He joined the organization in 2015.Brendan has more than two decades of retirement leadership experience in the financial services industry. A frequent speaker at industry conferences, he has been quoted in a number of publications such as the Financial Times, Investment News, and Plan Sponsor magazine, and was recently named #35 on the 2022 “401kWire 100 Most Influential People” list. Prior to joining TIAA, he was Chief Operating Officer of F-Squared Retirement Solutions, a subsidiary of F-Squared Investments. Previously, he was a Senior Vice President at Putnam Investments responsible for Defined Contribution Investment Only Business Development. In addition, he held other leadership roles at Putnam Investments including 401(k) product development, DCIO relationship management, and institutional trust services.Brendan graduated with a B.S. in Business Administration from St. Joseph's College and an M.B.A. from the Carroll School of Management at Boston College.In this episode, Eric and Brendan McCarthy discuss:Transforming retirement outcomesProviding guaranteed income Utilizing target date funds Acting on innovative solutions Key Takeaways:Plan sponsors/advisors can transform retirement outcomes for participants by offering retirement income solutions like annuities within 401(k) plans, providing guaranteed lifetime income. Annuities shift longevity risk from employees to insurance providers, ensuring participants don't run out of income in retirement.Employers can offer annuity options in 401(k) plans to provide pension-like guaranteed income without offering traditional pensions. Seek guidance from retirement plan consultants, product manufacturers, and record keepers when considering retirement income solutions. Industry trade groups offer certification programs to enhance advisors' knowledge of retirement income. Target date funds with embedded annuities gradually shift to guaranteed income as participants approach retirement.Record keepers face complexities in complying with legislation like SECURE 2.0 but are working to implement retirement income solutions. Young advisors should act now on innovative solutions to help employees build retirement savings.“Our belief is that simple, low cost, and portable will win that. For anything to be successful in a 401k plan today, it needs to be simple, low cost, and portable.” - Brendan McCarthyConnect with Brendan McCarthy:Website: https://www.nuveen.com/global/ LinkedIn: https://www.linkedin.com/in/brendan-mccarthy-4616ab8/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information contained herein is general in nature and is provided solely for educational and informational purposes.It is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, financial advice, or legal advice.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

In this episode of Trade Show Talk, host Danica welcomed Chris Griffin, President and CEO of CREW XP, a company that has been providing trade show labor and event services since 1994. He shared his career journey—starting from his first job at Putnam Investments in college to becoming a sales executive at Skyline in Dallas and eventually a business owner. He talked about his company's specialization in turnkey exhibit solutions for other exhibit houses and experiential agencies, highlighting their operations in Orlando, Fla., and Las Vegas. Discussion topics included the industry's response to the pandemic, challenges with labor and cost, visa delays affecting international participation, and the importance of choosing the right business focus. Finally, he offered advice for first-time entrepreneurs, based on his 20+ years of experience as a business owner.   Join Griffin at the Randy Smith Memorial Golf Classic on Sept. 26 at Chateau Elan in Braselton, GA. The golf tournament is a fundraiser to help families in the exhibition industry who have suffered severe tragedies or face insurmountable medical expenses. Since its inception in 1995, the Randy Smith Memorial Golf Classics have provided more than $2 million in assistance to more than 170 trade show families. Donate here or apply for assistance here.  Our guest: Chris Griffin, President and CEO, CREW XP  Chris Griffin is the President and CEO of CREW XP, a provider of turnkey exhibit solutions and logistical support. With more than 25 years in the trade show and experiential marketing industry, Griffin is a distinguished leader and advocate. He has authored numerous online and instructor-led courses, training thousands of industry professionals. He has served for a decade on the board of the Exhibitor Appointed Contractors Association (EACA), including two years as President, and currently holds positions on the Board of Directors for the Experiential Designers and Producers Association (EDPA) and as Secretary/Treasurer of the Exhibitions and Conferences Alliance (ECA).  A respected industry advocate on Capitol Hill, Griffin is also an active trainer and lecturer, teaching trade show courses at the University of Central Florida and advising the Orange County Convention Center's Intern Training Program. Under his leadership, CREW XP continues to excel in providing innovative solutions across major event cities in the U.S., with fabrication facilities in Las Vegas and Orlando, Fla.  Griffin is also the host the Experience Builders Podcast, featuring interviews on business fundamentals that help experiential agencies and exhibitors.  Connect with him on LinkedIn here.  Podcast Host: Danica Tormohlen  An award-winning journalist who has covered the trade show industry since 1994, Danica Tormohlen is VP of Group Content, Meetings, Sports, Travel for Informa Connect. In her role, she oversees content for Trade Show News Network, Corporate Event News, MeetingsNet, BizBash and Connect's portfolio of in-person events. These leading media brands publish websites, newsletters, social media channels, video, podcasts and online and in-person programming for the trade show, corporate event, association meeting, experiential marketing and exhibition industries.  Tormohlen currently serves as president of the Women in Exhibitions Network North America chapter. She has been a speaker and moderator at major industry events, including the TSNN Awards, IMEX, IAEE, SISO, UFI, ESCA, DI and Large Show Roundtable — to name a few.  Thanks to our sponsor Connect Marketplace: Where Events Business Get Done. Connect Marketplace is hosting five regional events this fall and winter in Seattle, Los Angeles, Greenville, SC, Frisco, TX and Washington DC. Don't miss your opportunity to join passionate event experts for unparalleled networking, one-on-one business meetings, and inspiring education sessions. Find out more at Connectmeetings.com 

Understanding today's economy requires a keen eye on labor markets, Federal Reserve policies, and fiscal strategies.How do these factors interplay to shape the financial landscape? What practical advice can help investors stay grounded amid market noise?In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, sit down with Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management.Together they discuss the dynamic nature of the global economy. You'll learn about the practical applications of charts and data in economic analysis, the impact of monetary policy on recession fears, and the relationship between inflation and unemployment. Dr. Kelly also offers invaluable insights into the recent upward trends in productivity and the critical outlook for fiscal policy as we approach 2025.They discuss: The role of charts and data in economic storytellingThe evolving state of the labor market and productivityImplications of Jay Powell's Jackson Hole commentsKey fiscal policy changes and their potential impactsAnd more!Resources:Any questions about the show? Send it to us! We'd love to hear from you! factsvsfeelings@carsongroup.com Connect with Dr. David Kelly: LinkedIn: David KellyJ.P Morgan Asset ManagementInterested in hearing more from Dr. David Kelly? Subscribe to his shows wherever you listen to podcasts. Notes on the Week Ahead - Published every Monday  Insights Now and Alternative Realities - Episodes available every Thursday  Connect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu VargheseAbout Our Guest:Dr. David Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. With over 20 years of experience, David provides valuable insight and perspective on the economy and markets to the institutional investor and financial advisor global communities.David's research focuses on investment implications of an evolving economic environment. He has written extensively on all aspects of the U.S. economy and his proprietary U.S. economic forecasting model helps shape his views on both the economic landscape and prospective asset class returns. He currently sits on JP Morgan Fund's operating committee.Throughout his career, David has developed a unique ability to explain complex economic and market issues in a language that financial professionals can use to communicate to their clients. He is a keynote speaker at many national investment conferences and a frequent guest on CNBC, Bloomberg, and other financial media outlets.Prior to joining J.P. Morgan Asset Management, David served as Economic Advisor to Putnam Investments. He has also served as a senior strategist/economist at SPP Investment Management, Primark Decision Economics, Lehman Brothers and DRI/McGraw-Hill.David is a CFA® charterholder. He also has a Ph.D and M.A. in Economics from Michigan State University and a B.A. in Economics from University College Dublin in the Republic of Ireland.

In this episode of the Investing in Integrity podcast, Ross Overline, CEO and co-founder of Scholars of Finance, speaks with Jackie VanderBrug, Head of Sustainability Strategy at Putnam Investments, a division of Franklin Templeton.  At Putnam, Jackie is responsible for leading the company's ESG-focused business functions, including stewardship, engagement, partnerships, and ESG strategy and integration. She is also a member of Putnam's operating committee. Join them as Jackie shares her journey from economic research to leading sustainability at Putnam, where she emphasizes the integration of financial material ESG factors to drive long-term business value. The discussion also touches on the importance of career development over monetary gain, the evolving landscape of ESG, and the role of gender lens investing in creating positive societal impact.  Jackie debunks misconceptions about gender lens investing and highlights its potential to enhance risk-adjusted returns. The episode concludes with a discussion on socio-economic inclusion, the role of finance professionals in driving change, and advice for aspiring and seasoned financial leaders. Jackie underscores the importance of moral imagination in finance and praises Scholars of Finance's mission of fostering ethical leadership. Meet Jackie VanderBrug Jackie VanderBrug is Head of Sustainability Strategy for Putnam Investments, responsible for leading Putnam's ESG-focused business functions, including stewardship, engagement, partnerships, and ESG strategy and integration, and is a member of Putnam's Operating Committee. Prior to joining Putnam, Jackie served as Head of Sustainable and Impact Investment Strategy for the Chief Investment Office within Bank of America Corporation. In this role, she drove consideration of sustainability throughout the investment process for Bank of America Private Bank and Merrill. Jackie served as the Managing Director at Criterion Ventures, where she worked with high-net-worth individuals and non-profits on impact strategies and led the development of the field of gender lens investing. She also led business development for the technology firm iBasis and co-founded Work in Progress, a non-profit social enterprise focused on career development for underprivileged youths. Jackie started her career as a domestic policy analyst for the U.S. Congress and as a strategy consultant to Fortune 500 companies at CSC Index

Cate Faddis is in the midst of an interesting career and journey. She has spent over 25 years in investment management and financial services, working as a managing partner at Mason Capital Partners, and President and Chief Investment Officer at Grace Capital. Early in her career she spent time with Deloitte and Putnam Investments. Today she's a portfolio manager for Zevin Asset Management. A William & Mary graduate who went on to earn her MBA at Harvard Business School, Faddis spoke at the annual Women's Stock Pitch, hosted by the William & Mary School of Business and its Boehly Center for Excellence in Finance in April. Before speaking with students, she spoke with us about, among other things, her interesting journey, leadership, and how to build confidence. Learn how the Raymond A. Mason School of Business at William and Mary can help you and your organization develop your top talent through customized executive education and professional development programs. Visit us at www.wmleadership.com. Thank you for listening.

Volatility may be here to stay, as meme stocks and blue chips come off a wild day of trading. Former SEC Commissioner Jay Clayton gives the latest. Plus, one fund betting big on AI-enablers has been outperforming the S&P 500 and Nasdaq over the last year. Putnam Investments' Richard Bodzy dives into his fund's top holdings. And, there's a growing showdown over former president Donald Trump's 2017 tax cuts. Veda Partners' Henrietta Treyz explains.

Hey CX Nation,In this week's episode of The CXChronicles Podcast #223 we  welcomed Simon Taylor, the CEO and founder of HYCU, the worlds fastest growing multicloud data protection company. Simon has more than 20 year's experience in go-to-market strategy development, product marketing and channel sales management for the tech industry. He has worked with leading companies such as Comtrade Group, Forrester Research, Putnam Investments and Omgeo. Simon founded, HYCU in 2018 as a pioneering enterprise software company specializing in data backup, recovery and monitoring for multi-cloud environments. In March of 2021 HYCU received an $87.5M A round investment led by Bain Capital Ventures. Simon is a member of the Forbes Technology Counsel a board member at Boston Uncornered and an active member of YPO. In this episode, Simon and Adrian chat through how he has tackled The Four CX Pillars: Team,  Tools, Process & Feedback and shares tips & best practices that have worked across his own customer focused business leader journey.**Episode #223 Highlight Reel:**1. How travel & living abroad can make you a better customer focused business leader 2. Why placing all of your investment bets on sales & marketing doesn't alway work 3. Creating "customer blueprints" for every customer your business earns4. Why your product or service has to work for your customers in order to scale 5. Prioritize socializing customer feedback the good, bad & ugly on the regular Huge thanks to Simon for coming on The CXChronicles Podcast and featuring his work and efforts in pushing the customer experience & customer success space into the future.Click here to learn more about Simon TaylorClick here to checkout HYCUIf you enjoy The CXChronicles Podcast, stop by your favorite podcast player and leave us a review today.You know what would be even better?Go tell one of your friends or teammates about CXC's content,  our strategic partners (Hubspot, Intercom, Zendesk, Forethought AI, Freshworks & Ascendr) + they can learn more about our CX/CS/RevOps services & please invite them to join the CX Nation!Are you looking to learn more about the world of Customer Experience, Customer Success & Revenue Operations?Click here to grab a copy of my book "The Four CX Pillars To Grow Your Business Now" available on Amazon or the CXC website.For you non-readers, go check out the CXChronicles Youtube channel to see our customer & employee focused video content & short-reel CTAs to improve your CX/CS/RevOps performance today (politely go smash that subscribe button).Contact us anytime to learn more about CXC at INFO@cxchronicles.com and ask us about how we can help your business & team make customer happiness a habit now!Support the showContact CXChronicles Today Tweet us @cxchronicles Check out our Instagram @cxchronicles Click here to checkout the CXC website Email us at info@cxchronicles.com Remember To Make Happiness A Habit!!

In this episode, Stan and Rob sit down with Felix Asare, a seasoned cybersecurity leader with extensive experience in the financial sector, including roles at Allianz and Putnam Investments. They delve into the cybersecurity landscape within the financial industry, exploring why it's a prime target for cybercriminals.Felix breaks down the appeal of targeting the financial sector,emphasizing the shift from physical to digital methods of theft due to thelucrative nature of financial data. He highlights the importance of regulationsin setting security standards and explains how compliance, while necessary,isn't sufficient for robust cybersecurity.The conversation extends to the risks posed by the softwaresupply chain, particularly third-party vendors, and the challenges ofmaintaining oversight in a complex ecosystem. Felix shares insights intomitigating risks associated with open-source software and the need for rigorousapproval processes.They also discuss the emergence of smart contracts and thesecurity implications of blockchain technology. Felix underscores theimportance of auditing smart contracts and maintaining vigilance in the face ofevolving threats like deepfake technology.Lastly, the discussion turns to the role of AI in cybersecuritydefense, with Felix emphasizing its potential to enhance response times andanalyze data. However, he also cautions against overreliance on AI and the needfor human validation to combat emerging threats effectively.Overall, the episode provides valuable insights into theevolving cybersecurity landscape within the financial sector and the strategiesemployed to mitigate risks and enhance security posture.Follow or subscribe to the show on your preferred podcast platform.Share the show with others in the cybersecurity world.Get in touch via reimaginingcyber@gmail.com

834: The introduction of ChatGPT and generative AI this past year has pivoted the conversation around AI in terms of how this new technology fits into a company's broader transformation strategy. In a panel from our December 2023 Metis Strategy Symposium, Vishal Gupta, CITO of Lexmark, and Sumedh Mehta, CIO of Putnam Investments, join Metis Strategy's Steven Norton in a conversation about driving an enterprise AI mindset and the implications the new technology has across the business. Vishal adds color to his role and team structure at Lexmark, the value he aims to deliver with new AI capabilities, and the importance that trust holds when driving a mindset shift. Sumedh expands on this with details on how he breaks down the silos present between teams at Putnam, collaborates with strategic partners to deliver AI capabilities, and brings talent into the organization to realize a successful AI strategy.

834: The introduction of ChatGPT and generative AI this past year has pivoted the conversation around AI in terms of how this new technology fits into a company's broader transformation strategy. In a panel from our December 2023 Metis Strategy Symposium, Vishal Gupta, CITO of Lexmark, and Sumedh Mehta, CIO of Putnam Investments, join Metis Strategy's Steven Norton in a conversation about driving an enterprise AI mindset and the implications the new technology has across the business. Vishal adds color to his role and team structure at Lexmark, the value he aims to deliver with new AI capabilities, and the importance that trust holds when driving a mindset shift. Sumedh expands on this with details on how he breaks down the silos present between teams at Putnam, collaborates with strategic partners to deliver AI capabilities, and brings talent into the organization to realize a successful AI strategy.

Welcome to Season 3, Episode 12 of Meet the Expert® with Elliot Kallen!Leadership is not just what you do when everybody is watching; it is also what you do when nobody is. Step into the world of leadership with Cathy Saunders from Putnam Investments as she explores the essence of leadership through the lens of experience and wisdom. Cathy shares valuable lessons from leaders like Howard Gardner, emphasizing the importance of reflection, leveraging strengths, continuous learning, storytelling, and the essential reliance on a supportive team. The discussion transcends corporate boundaries, offering practical insights for individuals navigating their daily lives, underscoring the enduring relevance of character and resilience in a world that demands both imperfectly perfect leaders. Tune in for a journey into the heart of leadership, where authenticity and intentional reflection pave the way for impactful change.Read More: https://prosperityfinancialgroup.com/podcast/character-not-perfection-leadership-lessons-and-reflections-with-cathy-saundersFree Consultation: https://prosperityfinancialgroup.com/book-your-appointment/Visit Us: https://prosperityfinancialgroup.com/We understand—you're busy. Between work, family, social, and personal life, it's all too easy to be consumed by daily duties and lose sight of your financial priorities. But compromising on your financial dreams isn't an option. That's where we come in.At Prosperity Financial Group, we'll take care of your investment, retirement, and wealth management strategies so you can show up as the best version of yourself in your work and personal relationships. Our remote service structure enables us to help you from anywhere, anytime.Get started: https://prosperityfinancialgroup.com/book-your-appointment/

Dec 4, 2023 – Financial Sense interviews Chris Hennessey at Putnam Investments to discuss various methods to offset capital gains taxes this year, whether through charitable donations, medical deductions, or others. Chris also explains...

Kaitlyn is the Founder & CEO of Theory Planning Partners, a boutique wealth creation firm for the top female entrepreneurs in the United States.Before launching Theory Planning Partners, Kaitlyn spent the majority of her career at UBS Financial Services, Inc., where she held roles in both the southern and northeastern regions of the U.S. There, she developed more than 300 financial plans for clients with assets ranging from $500,000 to $1 Billion. Subsequently, she became an advisor on a private wealth management team that managed over $600 million for a few dozen families. Her career began in asset management with Putnam Investments.Kaitlyn is a CERTIFIED FINANCIAL PLANNER™️ (CFP®), Certified Exit Planning Advisor™️ (CEPA™️), and an Accredited Wealth Management Advisor (AWMA®). Outside of work, she is a spiritual seeker ravenous to understand why we are here and how to make a meaningful life.Kaitlyn lives in Marblehead, MA, with her husband, Jake, their sons, Russell and Luke, and their affectionate dog, Bacchus. In her free time, she enjoys exercising, reading, traveling, and trying new restaurants around Boston.

In this episode of The Future of Security Operations podcast, Thomas interviews industry veteran Dmitriy Sokolovskiy. Dmitriy is a founding member of (ISC)2 Eastern Massachusetts Chapter, and has over 25 years of experience in the security industry, having led teams at Putnam Investments, CyberArk, and, most recently, Avid. He's a mentor and advisor to several successful startups and sits on the advisory board of companies like Audience 1st. On this episode of The Future of Security Operations, Dmitriy discusses: His early career journey from IT support to security. Getting comfortable “losing sales on purpose” and building a cloud security program from the ground up at CyberArk. Running product security at Avid, where the customer base included Oscar-winning film editors and Grammy-winning sound engineers.  A particularly memorable mistake - how Dmitriy accidentally rerouted every employee's emails to his inbox on the first day on the job, and what that experience taught him. Learning to measure and communicate the security team's ROI to senior leadership, with guidance from the team at Okta. Why he believes we need a new word to describe the cybersecurity industry. Dmitriy's thoughts on the role security practitioners will play in fifth-generation warfare.  Note: this episode was recorded before the October 2023 attacks in Israel and Gaza.  Resources: LinkedIn

Patti welcomes Cathy Saunders, Head of Corporate Sustainability and Public Policy for Putnam Investments, again into the studio to discuss the “building blocks” for designing an outstanding client experience. Cathy identifies four key standards that have stood the test of time in delivering excellent service to enhance any client experience. These standards are not necessarily industry disrupters or require innovative technology, but if performed consistently, are almost guaranteed to result in increased customer/client loyalty and satisfaction. Whether you are part of a small team or large organization, adopting these four standards could significantly improve your clientele's experience and satisfaction.  

808: Sumedh Mehta, CIO at Putnam Investments, discusses the key elements of the company's digital transformation and aligning the organization to the overall business strategy. Sumedh describes the methods behind this transformation, the ways in which he thinks about connecting the dots across the enterprise to engage multiple business units, and the role that technology plays in the company's consumer products. He also shares how he approaches the transformation from a change management perspective and how trust and diversity are foundational components of the underlying culture. Finally, Sumedh reflects on the keys to his career success and looks ahead at the trends in technology such as blockchain and generative AI.

808: Sumedh Mehta, CIO at Putnam Investments, discusses the key elements of the company's digital transformation and aligning the organization to the overall business strategy. Sumedh describes the methods behind this transformation, the ways in which he thinks about connecting the dots across the enterprise to engage multiple business units, and the role that technology plays in the company's consumer products. He also shares how he approaches the transformation from a change management perspective and how trust and diversity are foundational components of the underlying culture. Finally, Sumedh reflects on the keys to his career success and looks ahead at the trends in technology such as blockchain and generative AI.

Be Fearless, Be Bold, Be You. This is a mantra that Dominica Ribeiro shares with us in today's podcast, and it is one that she herself has lived. Dominica started her career in finance when she walked into a firm after graduating high school and asked for a job. 27 years later, she is Chief Marketing and Distribution Officer at Breckinridge, a leading asset manager firm. Dominica is as wise as she is brilliant. She gained her fierce independence and work ethic from her mother who taught her to work hard and not to depend on anyone else for what you want. Dominica shares how she nurtures the ideas of those around her at every level, and how her experience seeking mentors who don't look like her, has paid dividends for her career. She is a leader who is adept at building her own brand and is always focused on the positive. She shares how her dual roles of Executive and parent have taught her lessons about communication, negotiation, and strategy. We learned so much from this conversation and we hope you will too. Visit https://www.gobeyondbarriers.com where you will find show notes and links to all the resources in this episode, including the best way to get in touch with Dominica. Highlights: [04:09] Leveraging data [06:36] When the data proves you wrong [09:16] Expressing your opinion no matter what your role [12:25] Dominica's vision of being a leader [14:16] Building a brand [19:36] When your mentors don't look like you [23:10] Finding confidence [27:21] What led Dominica down her career path [29:39] Habits of success [32:06] Dominica's background and story [36:20] Lightning round questions Quotes: “Be fearless, be bold, but be you.” - Dominica Ribeiro “If you layer your opinion or thought process on top of the data, that is the power behind the decision or the conversation.” – Dominica Ribeiro “I've never had somebody who looks and acts like me and has my experience be a mentor to me, and I think that's the beauty of diversity of thought.” - Dominica Ribeiro Lightning Round Questions: What book has greatly influenced you? - “Dare to Lead” by Brene Brown What is your favorite inspiring quote or saying? - “Leadership is not about being in charge, it's about taking care of those in your charge.” – Simon Sinek What is one word or moniker you would use to describe yourself? - Mom, and empathetic. What is one change you've implemented that made your life better? - Weekly therapy. What power song would you want playing as you walk out onto a stage? - “Roar” by Katy Perry About Dominica Ribeiro: Dominica is Breckinridge's chief marketing and distribution officer. In her role, she leads the firm's strategic distribution, including sales and relationship management, as well as the marketing plans and initiatives. She is also a member of the firm's Executive Committee and the Board of Directors. Dominica has been with the firm since 2020 and has over 27 years of industry experience. Prior to Breckinridge, Dominica was head of institutional marketing at State Street Global Advisors where she was responsible for the development and execution of their overall marketing strategy. Campaigns focused on the promotion of State Street Global Advisors thought leadership, investment strategies, and gender diversity initiatives – notably, the Fearless Girl installation on Wall Street in New York City which helped raise awareness around the globe of the power of women in leadership, as well as the connection between increasing gender diversity on boards and long-term company performance. She began her career at Putnam Investments where she spent five years before joining the marketing and communications team at Fidelity Investments where she rose from communication analyst to director of institutional marketing, and then to vice president of institutional marketing. Dominica currently serves on the Board of Directors for Crispus Attucks Children's Center, a Boston-based childcare and development center, and as a Corporate Trustee for the Trustees of Reservations, the nation's oldest preservation and conservation organization. She also serves as a teen mentor for the Attleboro  Community Academy, a state accredited high school diploma program, which provides an alternative path to graduation for struggling students and high school dropouts. She is a member of 100 Women in Finance, Boston Women in Finance, Women in Pensions Network, and the Defined Contribution Institutional Investment Association (DCIIA). She previously served on the leadership committee for the 50/50 Women on Boards Boston chapter. Dominica holds a B.S. and a M.S. in Business Management from Lesley University. Links: Website: https://www.breckinridge.com/ LinkedIn URL: https://www.linkedin.com/in/dominica-ribeiro/

In this episode, Dr. Mansharamani speaks with Robert Reynolds, President and Chief Executive Officer of Putnam Investments and author of "From Here to Security: How Workplace Savings Can Keep America's Promise." Bob shares how he grew up in West Virginia, contemplated a career in the military before figuring out he was a decent salesman, and his path to becoming a national evangelist promoting workplace savings. He also provides sage advice for how to navigate uncertainty: focus on what you can control and don't worry about what you can't.

Patti welcomes Cathy Saunders, Head of Corporate Sustainability and Public Policy for Putnam Investments, into the studio to discuss the lessons both have learned in developing leaders on their teams.  Working alongside the top leaders in the financial services industry, Saunders lists the five pillars of leadership that all great leaders have in common. Whether part of a community, a team, or a corporation, we all have the potential to be influential leaders and effect change.  Patti and her guest share personal stories of identifying talent in various disciplines of life and the common thread they've seen as leaders are developed.  

For several years, well-intentioned companies seeking to reduce their emissions from electricity consumption – a primary component of their Scope 2 emissions – have bought Renewable Energy Credits (RECs) or signed Power Purchase Agreements (PPAs). Known as energy or megawatt hour matching, this approach, which forms the backbone of the Greenhouse Gas Protocol's Scope 2 Market-Based Method accounting system, does not distinguish the time, location or emissions profile of a company's electricity consumption from that of its REC and PPA interventions to offset this consumption.But as different grids have decarbonized at different rates over the years, the emissions impact of a REC purchased or PPA signed in one location at a particular time no longer necessarily has a similar impact to RECs purchased or PPAs signed in different locations covering different periods of time. In essence, at least as it pertains to carbon impact, not every megawatt hour is created equal. In this episode, recorded at the GreenFin 23 Conference in Boston, Chad leads a panel of industry experts – including Katherine Collins of Putnam Investments; Hank He of Tabors Caramanis Rudkevich; Lee Taylor of REsurety; and Rob Threlkeld of General Motors – on the deficiencies of energy matching, the benefits of a new approach known as carbon matching and the resulting implications for ongoing efforts to reform Scope 2 of the Greenhouse Gas Protocol. Links: Tabors Caramanis Rudkevich White Paper: A Comparison of Strategies for Tackling Corporate Scope 2 Carbon EmissionsREsurety White Paper: Emissions Implications for Clean Hydrogen Accounting MethodsGeneral Motors 2022 Sustainability ReportEpisode recorded June 26, 2023Email your feedback to Chad, Gil, and Hilary at climatepositive@hasi.com or tweet them to @ClimatePosiPod.

A business development company, aka BDC, provides financing to small-and-midsized private companies. Investing in a BDC means you have a unique opportunity to participate in funding your local economy with the chance of an attractive return. Of course, there are some nuances. In this episode, we speak with Michael Petro, Portfolio Manager of Putnam BDC Income ETF, to share his wisdom from 15+ years of investing in BDCs.

Welcome to the "Secrets of #Fail," a new pod storm series hosted by Matt Brown. In this series of 2023, Matt dives deep into the world of failures and lessons learned along the way from high-net-worth individuals.  Join Matt as he dives into the world of failures and lessons.Series: Secret of #FailSimon Taylor is the founder and CEO of HYCU. A serial entrepreneur, prior to HYCU, Simon led Comtrade Software, an infrastructure monitoring business, sold to Citrix. Having raised more than $140M at HYCU, Simon has more than 20 years' experience in go-to-market strategy development, product marketing and channel sales management for high-growth, tech companies. An Instituto de Empresa (Madrid) MBA graduate, he has worked with leading companies such as Comtrade Group, Forrester Research, Putnam Investments and Omgeo.He is a sought-after speaker and coach. Tim is a member of the Illinois High School Basketball Hall of Fame.Get an interview on the Matt Brown Show: www.mattbrownshow.comSupport the show

Join us for a wonderful chat with the amazing Maria Behrakis. Maria is a first generation Greek American community activist focused on education and Greek-American philanthropy. A mother of three children, Maria, along with her husband, Drake, is active with the National Hellenic Society which is dedicated to perpetuating, celebrating and passing on our Hellenic heritage. She is also a member of Leadership 100, a Greek-American service organization committed to preserving Hellenism and Orthodoxy in America. Maria and Drake are active supporters of the Behrakis Family Endowment at Boston College which was founded in 2001 for the advancement of Hellenic Studies and the promotion of travel abroad to Greece. Maria has served on the Board of Trustees of Anatolia College in Thessaloniki Greece since 2012. She is passionate about mental wellness efforts in school communities and instilling a focus on the whole student… mind, body and soul, and is actively involved in developing such a comprehensive program for the Anatolia community at all school levels. In her previous professional career, she was with Putnam Investments and Fidelity Investments (1990- 1997). Maria received a B.A in Economics with a minor in Computer Science from Brandeis University (1990). Maria enjoys playing tennis, spending time with friends and family, and traveling, especially to Greece! Learn more about Anatolia College and the amazing programs it offers or contact Maria with any questions.

It's been a minute since we focussed on PE and retirement plans. To dive into this I have Dan Cahill of the private equity firm Partners Group, one of two firms that took the initiative to seek guidance from the DOL on the utilization of PE in 401(k) plans. We dive right into, what the significance of the information letter in 2020 was, what has transpired since then, the investment case for and against PE and how plaintiff's attorneys are viewing things.   A lot of great stuff, I learned a lot, hope you do as well. Guest BIo Daniel Cahill is part of the Client Solutions Americas business unit, based in New York. He is responsible for fundraising and business development for Partners Group's strategic US DC initiative. He has 19 years of industry experience. Prior to joining Partners Group, he worked at Neuberger Berman, where he was most recently in charge of strategic planning and business development for both retirement and subadvisory platforms. Before Neuberger, he worked at Putnam Investments where he served as relationship manager interfacing with intermediary platforms, mainly in the private bank and wirehouse space. He holds an MBA and a Master of Science in Finance from the Carroll School at Boston College as well as a bachelor's degree in finance from Boston College, Massachusetts, USA. He is also a CAIA charterholder.   401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 250 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode every other Friday!

Growing a sales team is far from easy. On this week's Mindstate Marketing Hour, we'll talk with Chad Cristo, CIMA, SVP of National Sales and Marketing at Independent Financial Group, about overcoming failure and achieving superior sales results.Chad is a financial services expert with decades of experience.  He spent 29 years at Putnam Investments in sales and leadership roles. He was recognized as a Putnam "Top Gun" sales leader 10 consecutive years prior to moving to a leadership position.  He was hired by Independent Financial Group in 2022 as SVP of National Sales and Marketing to lead their advisors to the next level.  It is his belief that this business is about developing trusting relationships, that evolve into mutually beneficial partnerships, that ultimately lead to superior results for his clients.The Mindstate Marketing Hour is a weekly show with Will Leach and Steve Brown where they talk shop about science in marketing. Be sure to SUBSCRIBE to our channel to stay in touch! Winner of the Market Research Podcast of the Year 2022 Award and Top 15 Behavioral Science Podcasts on FeedsSpot: https://blog.feedspot.com/behavioral_science_podcasts/ The show is also available in podcast format - check us out on most major platforms including iTunes/Apple Podcasts: https://podcasts.apple.com/us/podcast/mindstate-marketing-hour/id1589079476?itsct=podcast_box_link&itscg=30200&ls=1Find Will's book, Marketing to Mindstates here ⇒ https://amzn.to/3bPbXld Looking to understand how to apply Mindstate Marketing to YOUR business? Hop on over to ⇒ https://mindstategroup.com/about Check out the FREE resources page here ⇒ https://marketing.mindstategroup.com/resources Other ways to connect with Will and the Mindstate Group: https://www.linkedin.com/in/william-leach-b5b80425/ https://www.linkedin.com/company/mindstate-group/ Thanks for tuning in!

Summary:Joe Phoenix is the Co-founder and CEO of Givinga, a Philantech (i.e., philanthropic technology) firm that designs customized giving solutions. Seven years ago, Joe saw that the culture around corporate giving was changing and that employees were holding their employers to a higher standard. He left his longtime employment as Head of Global Institutional Management at Putnam Investments to co-found Givinga and encourage companies to treat philanthropy as brand enhancing investment. In this episode, Joe talks about corporate charitable giving and how it factors into employee benefits and workplace culture. Chapters:[0:00 - 6:03] IntroductionWelcome, Joe!Today's Topic: Charitable Giving as an Employee Benefit[6:04 - 14:00] What is the state of corporate giving?Philanthropy is no longer simply the act of checking a boxDifferentiating between political giving and charitable giving[14:01 - 22:50] How does corporate giving translate to employee giving?Why employees want to view their employers as an extension of themselvesRedefining what it means “to give”[22:51 - 31:20] Philanthropic technologyGiving money vs giving timeHow technology can with knowing how and whom to give to[31:21 - 37:00] Final Thoughts & ClosingHow adding technology to philanthropy can have massive impactsThanks for listening!Quotes:“We've seen a pretty significant shift over the last five years of companies realizing that philanthropic giving is not really a check the box exercise anymore. . . . I think that the employees that companies are hiring, the customers that they're interacting with, are demanding more than a check the box.”“What companies are realizing is that they have this massive amount of potential impact in their employee base. And on the other side, the employees are realizing that the way that they can become more philanthropic is by efficiently working with their employer to drive these dollars in a more meaningful way out to causes that support them.”Contact:Joe's LinkedInDavid's LinkedInDwight's LinkedInProduction by Affogato MediaPodcast Manger: Karissa Harris

Jason Vaillancourt, global macro strategist at Putnam Investments, expects a recession that impacts corporate earnings more than it does Main Street, though the downturn he foresees is not immediate. Vaillancourt expects the market to be messy, even though he does not think the market will make new lows much beyond the worst of 2022, but he thinks the market will suffer due to the pressure on corporate earnings. Vaillancourt likes international markets right now, notes that there is a wide dispersion of earnings but the conditions in Europe are relatively cheap compared to the United States. The ETF of the Week features Tom Lydon, vice chairman of VettaFi discussing the JPMorgan Equity Premium Income fund, which Chuck bought after it was discussed in the segment a few years ago, but which he sold recently during tax-loss harvesting season. And in the Market Call, Jason Browne, president at Alexis Investment Partners and manager of the Alexis Practical Tactical ETF says that international funds are looking good to him for the first time in decades, but notes that he also sees opportunities in domestic markets as they bounce back from 2022's down year.

In this episode, Chris speaks with Michael Petro, portfolio manager of the Putnam BDC Income ETF.  He is responsible for the overall strategy and positioning of Putnam's small-cap value and BDC (business development company) capabilities. Mr. Petro joined Putnam in 2002 and has been in the investment industry since 1999. During the conversation, they touch on many topics, including: What is a Business Development Company (BDC)How BDCs are structuredWhy BDCs are compelling investment opportunitiesThe current BDC landscapeHow BDCs have held up historically during market volatilityThe benefits and risks of BDCsThis material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change.For informational purposes only. Not an investment recommendation. Return on Equity (ROE) is a measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.Hurdle rate is a minimum rate of return on an investment required by a manager or investor. In this case, it is before Barings earns a fee.Consider these risks before investing: Business development companies (BDCs) generally invest in less mature U.S. private companies or thinly traded U.S. public companies, which involves greater risk than well-established publicly traded companies. The fund will be sensitive to, and its performance will depend to a greater extent on, the overall condition of the financials sector.The use of leverage by BDCs magnifies gains and losses on amounts invested and increases the risks associated with investing in BDCs. A BDC may make investments with greater risk of volatility and loss of principal than other investment options and may also be highly speculative and aggressive. Certain BDCs may also be difficult to value since many of the assets of BDCs do not have readily ascertainable market values. As a non-diversified fund, the fund invests in fewer issuers and is more vulnerable than a more broadly diversified fund to fluctuations in the values of the securities it holds. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest. This and other important information is contained in the fund's prospectus available on Putnam.com or by calling 1-833-228-5577. Please read carefully before you invest. Putnam ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Putnam Investments. Putnam Retail Management AD2557752 11/22

Shep Perkins, chief investment officer for equities at Putnam Investments, says that once the Federal Reserve sees an uptick in unemployment and the economy slowing and cuts back on rate increases, the stock market will find a bottom and begin a sharp recovery once the all-clear is sounded. While investors will need to be patient waiting for that rebound to start, Perkins says there are plenty of compelling values for patient investors who are willing to wait for investments made into today's bad news to pay off in tomorrow's profits. Also talking about compelling values on today's show is John Cole Scott, chief investment officer at Closed-End Fund Advisors, who says that today's rate uncertainty has created attractive entry points for some municipal-bond funds because they are trading at big discounts and, in many cases, have gone through a dividend cut, which reduces the potential for another cut moving forward. Plus, Jeffrey Hirsch, editor of the Stock Trader's Almanac, says the market has reached a sweet spot just as investors are feeling most crunched. Between the historic effects of the calendar -- when November starts the market's best six-month period historically -- and the impact of mid-term elections and more, Hirsch sees the market rebounding from its current recession/bear market posture, with strong potential for 2023 to be a good year for investors.

Putnam Investments' Senior Market Strategist, Chris Galipeau, joins Registered Representative Mitchell Stehly. Mr. Galipeau is a Senior Market Strategist and the Team Leader of Capital Market Strategies in the Global Investment Strategies group. He is responsible for communicating Putnam's investment views and opinions to internal and external clients. Additionally, Mr. Galipeau leads the team's research efforts and shares key insights on the economy and financial markets with Putnam clients. Mr. Galipeau joined Putnam in 2013 and has been in the investment industry since 1992.

Joe Phoenix is a co-founder and CEO of Givinga, a Boston-based financial technology firm that is removing barriers to philanthropy by providing open access to modern tools. Givinga's Philantech® platform allows companies, platforms and partners to customize giving programs that engage employees and enable everyone to give back regularly and efficiently. With 30 years of experience in global asset management, including 25 years at Putnam Investments, Joe created Givinga to redefine philanthropy, and he believes anyone can be a philanthropist when they have access to all available resources.In this interview, Ryan and Joe talk about leaving a legacy we're proud of, what it was like pivoting careers later in life, why good ideas aren't enough, and much more. You can find Joe and his company here: https://www.givinga.com/Mentioned on the Show:Want to write a novel? Check out my 45 Day Novel course. Everything you need to plan, write, edit, market, and publish your next novel. https://www.ryanjpelton.com/courses/The Prolific Creator + - ad free, bonus content, and access to me for less than a cup of coffee. Sign up for The Prolific Creator+ and get full access to the archives and weekly bonus content! https://plus.acast.com/s/the-prolific-creator. Hosted on Acast. See acast.com/privacy for more information.

Michael Gallagher is featured in Episode #077 of Underserved. Michael spent his youth painting cars, running a collision business, and even getting his Massachusetts appraiser's license. A friend suggested he check out Putnam Investments and so began a career in financial services technology. Mastery of the NSCC led to several opportunities, but the 2008 financial crisis led to some soul searching that put Michael in an ambulance as an EMT. This would foreshadow moving back and forth between technology and service to others during COVID. An avid listener of Underserved, Michael also has some great callbacks to our episodes with Nausheen Moulana and Chris Sullivan! Listen now with your favorite podcast client or on our website.   https://www.linkedin.com/in/michael-gallagher-941403/ https://www.slalom.com https://en.wikipedia.org/wiki/Investors_Bank_%26_Trust https://www.rcc.mass.edu/reggie-lewis/index.html Nausheen Moulana: https://underserved.libsyn.com/ep-043-culture-change Chris Sullivan: https://underserved.libsyn.com/ep-059-step-down-to-step-up

Dr. David Kelly is Chief Global Strategist at JP Morgan Asset Management, a position he has held for over 14 years.  He lives in Massachusetts. He was previously economic advisor at Putnam Investments, and prior to that held a range of roles in the financial services industry.  Originally from Dublin, like myself, he's a PhD in Economics from Michigan State University. Our conversation starts with our remarkably similar upbringings in Ireland - we were both the children of politicians, we both studied initially in Dublin and then embarked on a career in the US. And we both are keen runners, lovers of literature and making the complex simple.  After completing his undergraduate degree in University College Dublin, David embarked upon further study for a PhD in the mid-west.  We discuss what led him from academia to putting his skills into practice in a more commercial setting, and discuss his passion for markets and especially for translating them in ways that are relatable and accessible to his wide range of followers. Our discussion touches then on today's markets, and how to contextualize them. We examine the global backdrop and the challenges that clients face, and ultimately how to communicate with clients, especially during times of market stress.  We ask whether this is in fact a "regime change" that we are witnessing, or whether this is a term that is over-used, especially today. Along the same lines we examine the rise in interest in ESG investing, and dissect what that term really means.  We turn then to examining the diversity of the investment profession and how that has changed over David's career. In discussing teams, we move to the question of management and discuss the satisfaction that David derives from managing a broad team that is globally based, and how important it is to "believe in" the talent of team members and communicate this to them.  We finally touch on the passion that David and I share for running and he shares a little of "what I think about when I think about running", which every runner among our listeners will relate to.Series 5 is sponsored by Astarte Capital Partners, an asset management firm focused on sustainable real asset sectors, acting as anchor investor and partner to specialist emerging managers. Astarte is headquartered in London with a presence in Sydney and Toronto.

Today, I am excited to launch the fall series of episodes and we start with stable value investments. My guest is Steve Horner, CFA and Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income at Putnam Investments. With the historic interest rate hikes, surging bond yields and talk of recession Steve shares what all this means for stable value funds. We also hit on some of the basics around what a stable value fund is, how they work and a few tips to evaluate and understand what is going on under the surface. We also delve into some more technical elements like wrap insurance and put provisions. Good stuff, I learned a lot and hope you do as well! Guest Bio Mr. Horner is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income,focusing on Putnam's Stable Value portfolios. He manages stable value, general account insurance, structured investment-grade, absolute return, and multi-sector fixed-income portfolios. Mr. Horner is responsible for portfolio construction, fiduciary oversight, and the communication of investment team decisions on policy, strategy, and tactics to Putnam's fixed income clients. He joined Putnam in 1997 and has been in the investment industry since 1991. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 225 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode every other Friday!

As we bring our third series and second full year of podcasting to a close we have assembled a library of over 170 diverse role models in this series.  As the macro backdrop churns these dynamic personalities are our touchstones, our human constants, through the market noise.  In Series 5 of 2022 we hear from leaders from large institutions, a charity, a sovereign wealth fund, as well as a strategist at a global asset manager, a purveyor of inclusive capital, a partner at a consulting firm who successfully came back as a "returner", a financial journalist and an ex navy aviator.The guests in Series 5 are: David Holmgren is Chief Investment Officer at Hartford Healthcare, based in Connecticut, and has had over 30 years of experience in running both internal and external investment portfolios in a range of settings. Aside from being a nonprofit CIO, David also serves on the investment board for the Hartford Community Foundation. James Brooke-Turner is director of Yoke and CEO and investment director of the Nuffield Foundation, based in the UK. He was voted one of the inaugural for inspiring leaders in the voluntary sector, and writes about financial governance for charities.Geri McMahon is a partner at AON and Co-head of Responsible Investment at the firm. She started her career at Price Waterhouse Coopers in Sydney, and spent time as a fixed income trader before moving to a healthcare technology, business and ultimately moving to AON in 2018. She wrote a powerful LinkedIn post about returners, which led me to want to find out more about returnship programs and their value. In 2019, she was awarded the most inspiring returner at the professional pensions, women and pensions awards after her first year returning.Blair Smith is senior director of the Center for Financial Markets at the Milken Institute, where he leads the center's access to capital and strategic innovative financing initiatives to enhance economic and social impact. Prior to joining Milken, he was an adjunct professor at the Columbia Business School. He's the former Chief Investment Officer for the Upper Manhattan Empowerment Zone Development Corporation, a CDFI and was the founder and CEO of Prometheus AB strategies, LLC, a strategic consultancy focused on helping diverse lead asset management firms achieve their goals. He's a member of the Real Estate Executive Council and is a 2019 Council of Urban Professionals Finance Catalyst recipient.Emma Jane Joyce is a sustainability specialist at the National Treasury Management Agency based in Dublin. She spent most of her career at the agency holding roles such as Head of responsible investment and investment director. She's a member of the Ireland steering committee of the CDP global environmental reporting system.Terri Duhon is an award winning educator, TEDx speaker, Board Director and speaker, who has over 25 years of experience in financial markets. She wrote the book "How the trading floor really works",  founded her own financial markets trading firm, and is an Associate Fellow at the Said Business School in Oxford. She sits on the Board of Morgan Stanley International, where she is Chair of the Risk Committee, and also holds a number of additional independent director roles. Dr. David Kelly is Chief Global Strategist at JP Morgan Asset Management, a position he has held for over 14 years.  He lives in Massachusetts. He was previously economic advisor at Putnam Investments, and prior to that held a range of roles in the financial services industry.  Originally from Dublin, like myself, he's a PhD in Economics from Michigan State University. Eugene O"Callaghan is a business and investment advisor based in Dublin, where he advises a range of asset managers and sovereign wealth funds on strategic initiatives. He was formerly Director of the Irish Strategic Investment Fund and prior to that Director of the National Pensions Reserve Fund of Ireland. He started his career as an accountant.Preeti Singh was until recently an LP reporter in the private equity area at the Wall Street Journal. She graduated from the Graduate School of journalism at Columbia University, and has worked in a range of roles and financial journalism. She has spent time as a Content Manager for publishing company in executive search prior to entering journalism, and is known for her ability to cultivate deep relationships across the industry, and to get the first scoop and industry moves. Julie Cane is CEO of Democracy Investments.    The firm uses a proprietary algorithm to drive capital flows toward the economic growth of democratic countries and away from authoritarian states. She has had an over 20 year background in financial services where she has developed market leading innovations at Wells Fargo, Charles Schwab Advisor Services, SEI Investments and Autodesk Ventures.  She began her career as a US Naval Aviator flying the SH03 Sea King helicopter.  Among her other roles, Julie is Chairman of the Board of Swords to Plowshares, a nonprofit helping over 3000 military veterans, and she is currently Captain in the California State Guard. 

The stock market is often seen as a place for high-risk, high-reward investments. But for those willing to do their research and take a more patient approach, there can be great rewards in investing in small-cap value stocks. Small-cap investing focuses on companies that have smaller market caps than most stocks. They tend to be more volatile but offer greater potential rewards. In this episode, Rusty talks with Michael Petro, Portfolio Manager at Putnam Investments. Michael has been in the investment industry since 1999 and joined Putnam Investments in 2002. In his role, Michael is responsible for the overall strategy and positioning of Putnam's small-cap value products.  Michael talks with Rusty about investing in small-cap value stocks, how these stocks perform in different market environments, and how inflation impacts this fund. Key Takeaways [01:49] - How Michael entered the world of investing. [08:20] - Michael's investment philosophy and strategy mandate at Putnam. [10:59] - How small-cap value stocks perform in different market environments. [12:48] - What Michael thinks about the economy and the market. [16:02] - How inflation impacts small-cap value stocks. [19:22] - How Michael invests his own money. [21:14] - How Michael maintains his physical and mental health to perform at his best. Quotes [03:10] - "I learned a lot about business at a young age, and I'd like to bring some of that knowledge and experience with me to my investing." - Michael Petro [11:50] - "Small-cap value stocks do well in the broad middle of the cycle in normal times when the economy is growing because there's a lot of opportunity in small-cap value stocks." - Michael Petro [13:11] - "The strength of the consumer balance sheet keeps us out of recession." - Michael Petro Links  Michael Petro on LinkedIn Putnam Investments Life's Been Good by Joe Walsh Massachusetts Institute of Technology University of Michigan Connect with our hosts Rusty Vanneman Robyn Murray Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts 1496-OPS-8/18/2022

In Part 2:  How Sustainable Investing Leader Katharine Collins Finds Opportunity in Times of Change, the latest episode of the new Millstone Evans Group podcast Money Conscious hosted by President Sacha Millstone, Sacha and guest Katharine Collins share their views on how to manage the volatile markets. The stress during times of market volatility is real. At the same time, it is important to remember that crisis = opportunity. Today's low prices are an opportunity for tomorrow's investment returns. In this engaging and personal episode, the women focus on how to stay patient and even-keeled and why those attributes are so helpful in making sound, long-term decisions. Amplifying a sense of fear and scarcity almost always leads to poor decisions. They also share healthy habits to adopt when you're feeling stressed about the markets, such as embracing outdoor walks, avoiding what they call “doom scrolling,” and increasing communication with your financial advisor if you have any questions or concerns about the market or your investments.  Show Notes: Podcast guest Katharine Collins is Head of Sustainable Investing for Putnam Investments. She is responsible for leading Putnam's investment research, strategy implementation, and thought leadership on environmental social, and governance (ESG) issues. In addition, Ms. Collins is a portfolio manager of Putnam Sustainable Future Fund and Putnam Sustainable Leaders Fund, and Chair of Putnam's ESG Leadership Committee She joined Putnam in 2017 and has been in the investment industry since 1990. She provides analysis of current and emerging trends in sustainable investing, publishes Putnam's annual Sustainability and Impact Report, and is the author of The Nature of Investing: Resilient Investment Strategies Through Biomimicry. A recognized thought leader, Ms. Collins was named to Forbes 2021 list of leaders “50 Over 50” who are shaping the future of finance. There are two episodes with Katharine Collins. Both parts are important, distinct and engaging…and short – about 20 minutes each. Perfect for a car ride, walk or break from work. Review the Sustainability and Impact Report from Putnam Investments that was just released in June 2022. It's called “Putnam Sustainable Equity: A dialogue with investors.” Accompanying the report is a short and impactful letter from Katharine Colins, who published this report. Access both here: https://www.putnam.com/impact. In every episode of Money Conscious, host Sacha Millstone talks with exciting, knowledgeable guests about what it means to invest our money consciously. The title Money Conscious reflects two priorities we're passionate about at The Millstone Evans Group: putting your values where your money is, and raising consciousness about money matters in an easy, personal and relatable way.  After you've listened to the podcast, share your feedback about the podcast and future topic suggestions with us. Please also share the podcast link with your family, friends and colleagues. And if you like the show, please leave a 5-star review so others can find it, too. Thank you!

In Part 1: Investing to Thrive: Why We're Embracing the Circular Economy Now, the latest episode of the new Millstone Evans Group podcast Money Conscious hosted by President Sacha Millstone, Sacha and guest Katharine Collins explore Katharine's sustainable investing philosophy and focus on the circular economy. In a circular economy, products are designed with goals of efficient resource use, and improved ability to reuse, repair, resell, and recycle materials. Circular economy design principles and business structures offer immense opportunities for the creation of new processes and practices with meaningful benefits. New and better data collection is leading to evolving production models.   In the midst of today's volatility, things are changing. There is a real chance for advancement in many industries.  Show Notes: Podcast guest Katharine Collins is Head of Sustainable Investing for Putnam Investments. She is responsible for leading Putnam's investment research, strategy implementation, and thought leadership on environmental social, and governance (ESG) issues. In addition, Ms. Collins is a portfolio manager of Putnam Sustainable Future Fund and Putnam Sustainable Leaders Fund, and Chair of Putnam's ESG Leadership Committee She joined Putnam in 2017 and has been in the investment industry since 1990. She provides analysis of current and emerging trends in sustainable investing, publishes Putnam's annual Sustainability and Impact Report, and is the author of The Nature of Investing: Resilient Investment Strategies Through Biomimicry. A recognized thought leader, Ms. Collins was named to Forbes 2021 list of leaders “50 Over 50” who are shaping the future of finance. There are two episodes with Katharine Collins. Both parts are important, distinct and engaging…and short – about 20 minutes each. Perfect for a car ride, walk or break from work. In every episode of Money Conscious, host Sacha Millstone talks with exciting, knowledgeable guests about what it means to invest our money consciously. The title Money Conscious reflects two priorities we're passionate about at The Millstone Evans Group: putting your values where your money is, and raising consciousness about money matters in an easy, personal and relatable way.  After you've listened to the podcast, share your feedback about the podcast and future topic suggestions with us. Please also share the podcast link with your family, friends and colleagues. And if you like the show, please leave a 5-star review so others can find it, too. Thank you!

Women are more capable than ever before. They're more educated. They have more opportunities in the corporate space. They have more opportunities in the entrepreneurial space. This mission is simple: Put MORE wealth into the hands of MORE women. Meet Kaitlyn Carlson! Matt will be speaking about health at the Ultimate Upgrade Event in Kansas City - September 8-9, 2022. Get your tickets here: http://beintheroom.org/upgrade Kaitlyn Carlson is the Founder & CEO of Theory Planning Partners, a boutique wealth creation firm for the top female entrepreneurs in the United States. Before launching Theory Planning Partners, Kaitlyn spent the majority of her career at UBS Financial Services, Inc., where she held roles in the South as well as the Northeast. There, she developed more than 300 financial plans for clients with assets ranging from $500,000 to $1 Billion. Subsequently, she became an advisor on a private wealth management team that managed over $600 million for a few dozen families. Her career began in asset management with Putnam Investments. Kaitlyn is a CERTIFIED FINANCIAL PLANNER™️ (CFP®), Certified Exit Planning Advisor™️ (CEPA™️), and an Accredited Wealth Management Advisor (AWMA®). Outside of work, she is a spiritual seeker ravenous to understand why we are here and how to make a meaningful life. Kaitlyn lives in Marblehead, MA, with her husband, Jake, their son, Russell, and affectionate dog, Bacchus. In her free time, she enjoys exercising, reading, traveling, and trying new restaurants around Boston. ✨ What to expect: The Cashflow Trap The Biggest Misconceptions Women Have About Money The Biggest Opportunity for Women Build Wealth Making Decisions and Taking Action Taking Control of Our Financial Power ✨ Connect with Kaitlyn: Website: https://theoryplanning.com Podcast: https://podcasts.apple.com/us/podcast/kaitlyn-carlson-theory-planning-partners/id1383621388?i=1000534016343 ✨ Connect with Ryann: Instagram: @RyannDowdyOfficial Free Facebook Community: Be in the Room LinkedIn: Ryann Dowdy | Be in the Room Join the Email List: Be in the Know

In this episode of The Raz Report, Jason Raznick speaks with Jakub Rehor, Co-founder and CIO of Lucy LabsJason and Jakub talk about:What is a perpetual swap?How To Navigate Crypto VolatilityWhich is a better investment - USDC vs USDTWhat happened with Terra USD?Algorithmic Stable CoinsAdvice for retail crypto investorsAdvice for institutional crypto investorsWhat works in crypto trading vs what works in traditional financeGuest:Jakub RehorCo-founder and CIO of Lucy LabsTwitter: https://twitter.com/jakubrehorLearn more about Lucy Labs here!Host:Jason RaznickFounder, CEO of BenzingaTwitter: https://twitter.com/jasonraznickSign Up to Benzinga Pro today to receive most exclusive interviews, news and stock picks fast!https://pro.benzinga.com/Click here for more episodes of The RazReport.Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Transcript:In this edition of the RazReport we have Jakub Rehor Co-Founder and CIO of Lucy Labs. Jason Raznick: This is going to be an exciting one because he has tons of experience working at hedge funds from Third Avenue and just being in this industry, being in the McKinsey. So I'm going to stop talking now and start asking questions, Jakub, you have a lot of interest in experience from crypto to equities being at multi-billion-dollar value fund for many years. But before we get into all that fun stuff, where did you grow up?Jakub Rehor: I grew up in Czechoslovakia, so it was in the 1970s and 1980s. So it was still a communist country and it was a very different place than then living here in the US now.Jason Raznick: So you went through the Velvet Revolution? Jakub Rehor: Yeah. The Velvet Revolution. One thing I might mention, because it has something to do with crypto is there was an interesting currency situation in Czechoslovakia.So you had the national currency, which was the crown and that's what you were to earn and you would spend in regular shops, but you also had hard currency stores that had stuff that the regular shops didn't have. And if you want it to be shopping in those hard currency stores, you need i the special vouchers that that were exchangeable for a higher currency.And you could go into these stores and use these vouchers to pay for, more luxury luxurious stuff. And nobody would really ask you how you got your hands on it. That it was a, it was just considered to be okay. And the third currency that was circulating in the country was the Deutsche Mark.If you were planning to go on a vacation abroad or you were planning to live it up and go to restaurants and buy some souvenirs you would use Deutsche Mark. So there was really like three currencies in circulation in the country. And there was a gray market where people would be changing from one currency to another.So I'm familiar with with a situation where technically you have a single currency, but you have actually in reality, multiple circulating currencies with fluctuating exchange rates. And the connection to crypto is that people are talking about now, oh, why would we even have something like Bitcoin running in parallel with whatever the country currencies is?And it's so strange and there will be never any need for it. And I'm like, no, that's normal to me. I grew up with that. That's just absolutely normal state of affairs.Jason Raznick: And so you going with those multiple currencies, do you think then, like the Bitcoin revolution will be here stay? Jakub Rehor: Oh, it's absolutely here to stay. Nobody will uninvent Bitcoin. We now know that it's impossible. Whatever happens to Bitcoin in itself somebody will come up with a new cryptocurrency. It's just you'll never put this genie back into the bottle. What Bitcoin did was to do something that was considered impossible.Prior to that, a lot of people have tried to create native internet currency, and a lot of them foundered on the same set of problems. They, it was centralized. It was easy to shut down. It was referring to an underlying FIAT or underlying commodity and it was difficult to keep the ledger synchronized around the world.And Bitcoin solved all of these problems. It really, it is a real breakthrough in computer science.Jason Raznick: It brings you back to when you were growing up in Czechoslovakia where there were multiple currencies.Jakub Rehor: Yeah. And the problem that Bitcoin solves are very often not problems that we have here in the US here, the payment systems work pretty well here.Banks work pretty well. You're not worried about your ATM stopping working tomorrow. So explaining the value of Bitcoin to Americans is a little bit like it, it sounds a little bit unreal, the problems that it's trying to solve, but you go outside of the US you go to countries like Cyprus or Lebanon, Venezuela Iran. They get it. They mean they understand that solves their problems today and here.Jason Raznick: So going back to your upbringing, you ended up going to school at Yale. Was that from Czechoslovakia or like how'd you end up in Yale?Jakub Rehor: So I was studying electrical engineering and Czechoslovakia, and I was involved in the students strike.I joined the national student strike coordinating committee, which was part of the Velvet Revolution. We basically built the check internet very early on.We connected all the universities across the country hook them up and we use that network to print and distribute all the materials that the the development revolution leaders were putting out. Our goal was to break the monopoly, the media monopoly that the communist media had and get all this information out into people's hands.And we mentioned to do that in a space of a week, about a week and a half. We we hooked up basically all the printers and copy machines and fax machines that we could get our hands on. And we were printing we're printing posters and materials by the tens of thousands. We had them on all the streets in the country.Jason Raznick: And did it catch on?Jakub Rehor: Yeah. When the student strike started it originally was just a couple of schools and then it snowballed it started at the theater academy. Then, we joined as the electrical engineering and pretty much all the schools very quickly joined on and 10 days after the start of the strike, we were able to organize a general strike where the whole country shut down for 2 hours. To send the message to the government that we can prove that we have general support for what we stand for.And in order to organize the general strike, you really needed to coordinate all this information, get it out, get it into the right hands. Early on we realized that kind of, again, there's a connection to Bitcoin.The problem really wasn't in trying to encrypt the communication on our network. We didn't really care if the secret service was reading us or not, because we were putting it out and posters and all that stuff. Anyway, the real challenge was to authenticate the information. We were worried that the state security would try to inject some provocative material in there to try to disrupt us by sending false information. And there, so authentication was, it was more of an issue than.And it's very similar to Bitcoin where all the transactions are visible to everyone. They're not encrypted, which address sent how much to what address, but the important part is authenticated. You cannot fake sending money. You cannot send money that you don't have.Jason Raznick: So then you make your way to America and you go to Yale. Did that change you? Did the Velvet Revolution shape the person you are today? Jakub Rehor: Yale was a wonderful experience. You are surrounded with a lot of bright, talented driven people and it's it was a great environment to encourage you to go and and pursue whatever interests you have.Jason Raznick: so from Yale, did you go right to your first job?Jakub Rehor: Yep. Went straight to McKinsey. Spent a couple of years at McKinsey doing consulting at various places. Jason Raznick: What kind of companies were you consulting for at McKinsey?Jakub Rehor: It was a very interesting batch of companies. My first client was a, it was an online service, actually, one of the first online services.This was before internet really caught on. So in those days you had the three companies, CompuServe, Prodigy, and AOL, and they had a strategic issue. What do we do about this internet thing? Are we just gonna ignore it? Because we have much content on our own network or are we going to take this bet that over the long-term the content that's available on the internet is going to be better than what we have inside our network.And okay. If you decide to take that bet what does it mean? What kind of technology do we have to build? How do we connect our customers with that? How do we do our marketing? It was really interesting times. It was the early days of the internet.Jason Raznick: Is that something that you were striving towards? Jakub Rehor: Yeah. It's like basically whatever I did, I couldn't get away from the internet and the technology. It just follows you everywhere.Jason Raznick: Then you left McKinsey. And is that when you went to Marty Whitman's Third Avenue?Jakub Rehor: Not directly, at first I went to Sanford Bernstein. Then I went to Putnam Investments and then I ended up at Third Avenue. So I actually started doing value investing at Sanford Bernstein. I was an equity analyst and then worked my way up through being more senior, all the way to PM level at the Third Avenue.And so I spent a long time analyzing balance sheets, analyzing companies, analyzing businesses and making investments and running portfolio construction, running a managing risk and all that wonderful stuff.Jason Raznick: So at Third Avenue, we came all the way to PM. How many people were there at Third Avenue?Jakub Rehor: At the time it was about 100 people, about 20 people were in the research department or in the investment.Jason Raznick: What made you want to go from McKinsey to Wall Street?Jakub Rehor: The best part of working at McKinsey was doing the strategy, research and thinking longer term, the hardest part of working McKinsey was doing cost cutting.So one of the studies I was on was that a electrical utility where, they had a capital budget that it was getting a little bit out of control and you had to go in there and start cutting expenses. So you would go and identify the projects that needed to be shut down. And that's it's pretty stressful situation because you talk to people whose jobs are linked directly to these projects.So they know that if this project gets canned, they may have no future of the company. So they will, they try to fight really hard to preserve it. So you end up in this like hand to hand combat where you fighting against the people you're trying to help. It's quite stressful. And it wasn't all that enjoyable.Going into Wall Street and equity investing is very much like becoming a strategy specialist, right? You're thinking about longer-term issues. You spend a lot of time researching what's going on, but luckily you don't have to go there and actually do the hard things that are required to run a business.Jason Raznick: So then you start researching this crypto space. And is that when you're like your co-founders you got ready to create lucky Labs?Jakub Rehor: Yeah, that was pretty much around 2017, early 2018.So my co-founders: One of them came from investment banking and private equity. He was actually the CEO of Lehman Brothers, North American Equity Sales. So he's very familiar with that side of the business, with things like prime brokerage execution, operations, all that stuff. And the other co-founder is a technology specialist and he started his career working at JP Morgan, working on their foreign exchange trading desk.When it first became automated in the early 1990s and his latest project before we started Lucy Labs was he was a consultant for ISDA, which you may be familiar, it is the is the organization that regulates over the counter derivatives trading. And they had a long project stemming from the financial crisis in which they are forcing over the counter traders to put up margin.Historically OTC trades were done without a margin. Which led to problems when Lehman Brothers blew up. And the ISDA, a margin project went on for several years to create the methodology, to calculate margin requirements for any derivative ever traded anywhere in the world. So you can imagine that was a huge project. And our co-founder Rob was was the lead consultant.Jason Raznick: What are the first two things you did Lucy Labs? Jakub Rehor: The first thing was let's figure out what works here. This is a completely new market that we don't know anything about, which is very exciting. A little bit scary too. So we rolled up our sleeves and start figuring out how to do execution here, how to find investment opportunities, how to get historical data, how to put it all together and roll out to an investment strategy.And so we did that, we were a prop trading fund for three years, we were doing it with our own. And investigating as much as we could about the market.Jason Raznick: Are there that work in traditional finance, but don't that don't work in crypto?Jakub Rehor: So I would say even most things in traditional finance don't really work in crypto. So coming in as a value investor, there's really no value investing in crypto. It's very difficult to figure out intrinsic value for any of these projects. People have tried, we have certainly tried it's a very difficult problem.And I don't think that anyone has found a way to make it. What does work is a momentum-based strategies. So momentum is something that has worked on all sorts of assets over long periods of history. And so when we started looking at crypto, we had this theory that, it probably will be working in crypto as well.And we were pleasantly surprised how powerful the momentum factor is within crypto. It is it is actually quite surprisingly powerful. Crypto is very much driven by sentiment by retail trading and a momentum just captures that very well. Jason Raznick: And this volatility is macro volatility. What do you make of it in the crypto space? The past few weeks? Jakub Rehor: We've been in this space for 4 years and this is just par for course, this is actually not even particularly. Painful period in the sense that we've lived through the bear market of 2018, we've lived through the 2000, 20, early years in the bear market in 2018.Just to give you a little comparison, Ethereum was down 95%. From peak to trough in a space of less than a year. That's a very painful situation. Bitcoin was down over 80% peak to trough. So that's what a bear market in crypto looks like. Similarly in 2020 to March, 2020, we went through a 24 hour period in which Bitcoin dropped 50% in 24 hours.In crypto you have to deal with the volatility. Your models have to take that into account. You cannot be leveraged you, your risk management has to be, on top and you just have to expect that there is a, there is always something scary happening.Jason Raznick: How do you guys go about trading in crypto? Jakub Rehor: So we do a bunch of things, so I can describe a few of those things.Let's talk about the momentum trading. We have a pretty active program in which we take long positions in crypto coins when momentum is positive and we go to cash when momentum turns negative. You look at the recent historical performance and in general, there is an autocorrelation of performance. So things in crypto that have gone up recently have a tendency to keep going up and things that have gone down recently have a tendency to go down. So that's the bet you want to be taking. The downside is you will miss the turning point. So when things start bouncing off a bottom or an instinct, things start rolling at the top.You're going to miss that, but that's actually over the long-term, that's a price that's beneficial to pay. So we would when there is a bear market in crypto thing, things start selling off, we will generally go into cash. And that's certainly what we've been doing. Most of this year in that our models started putting us into cash towards the end of last year, towards the beginning of this year.And we were almost completely in cash for the past month or so.And you don't necessarily even need a very elaborate models, any sort of trend model will tell you to get out of the market over the past month or so.Jason Raznick: Okay. So then how do you know when to get in? Jakub Rehor: You wait, you miss the bottom. You see the market turning around, you see the price momentum picking up, and then you jump back on with the expectation that you will probably get in 10 or 15% above the bottom price. But again, in the longterm, that's a very good trade-off to take.Jason Raznick: So are you guys getting back in now?Jakub Rehor: No, we're still waiting for things to stabilize.Jason Raznick: When do you think that will be? Jakub Rehor: One thing I've learned is not to try to predict the markets. it's way too hard. So I, I have no idea when this will turn is there more downside it's possible? Again, in 2018, we've seen 85 to 90% drawdowns in crypto. So it's certainly possible is that what's going to happen? I have no idea. We're going to, we're going to let our models tell us when to get in.Jason Raznick: Are you in straight cash or are you doing stable coins? How do you handle that? Jakub Rehor: There are a number of things you can do in the crypto market if you want to be market neutral. There are strategies that you can do to generate returns. So I can mention a few of them.So one is a trade in crypto that does have a counterpart in traditional markets. And it's called a Basis Trade. The idea here is you may have a derivative, let's say a future that's trading at a different price from the underlying, so you can have a future on Bitcoin trading at a premium to the spot price of Bitcoin.And a simple trade is you can go short the future. You can buy the underlying spot and at the future expiration, that gap is going to close. And you're going to collect that spread. So that's the traditional basis trade that works in traditional markets. People do this in US treasuries and commodities and all sorts of things. But it also works in crypto and in crypto, there's actually a slightly, different version of this.The dominant product in crypto trading is a Perpetual Swap, which looks a little bit like a future, but it has no expiration. And the way the mechanism works is that when there is a difference between the derivative price and the underlying price, there's a funding rate that goes from one side to the other.When the derivative is more expensive than the spot, the people who are long are paying people who are short. So you can put a short position in the perpetual swap. You can put a long position in the spot and collect the funding rates. And that's a trait that historically has been providing returns of about 10% to 15% per year. There are periods when it makes more money than that. When there is a lot of speculative excitement and speculative mania we have seen it book 30%, 40% annualized. And then there are times when people are running away from the market and you will be generating maybe 0% or low single digits.Jason Raznick: I personally put some money in stable coins, USDC right? What you were describing is too complicated for me, I won't understand.Jakub Rehor: Stable coins is a safe place to be when things start falling apart. But of course, stable coins, it's a minefield as well. There are multiple kinds of stable coins. There's the very simple kind of, that works like a money market fund in traditional finance. There it's a fully backed by reserves and the stable coin is just a token. It works like a share in the underlying fund. And the fund hopefully is fully collateralized and it always has a 100% of its assets in cash or cash like products. So USDC is a great example of that, right? That's a that's a stable coin that's fully backed.Jason Raznick: Would you say USDC is very safe?Jakub Rehor: I would. I would put also USDT with USDC. So people think that USDT is an algorithmic stable coin, but it's not. It's exactly the same idea as USDC. They are also backed by reserves. they started disclosing their reserves and the composition of their reserves. So you can look at their statements and figure out what. How well back they are and how much confidence you can have in them. So USDT is actually a fully backed stable coin and it's not subject to the same problem that the algorithmic stable coins have.Algorithmic stable coins are completely different. And there are really two kinds. You could imagine a situation where you do not have US dollar reserves backing you, but you can have crypto reserves backing the dollar peg value of your stable coin.Because crypto is so volatile. What you need to have is you need to be over collateralized, right? If you're issuing $1 worth of stable coins, you probably want to have at least $2 worth of crypto backing you because if crypto falls down 50% you are still fully backed.So over collateralized, stable coins are, they're not necessarily that great because crypto can fall more than 50%, but at least it's a reasonable stab at approaching this problem. There's a whole, another class of algorithmic stable coins that are under collateralized. So they issue $1 worth of liabilities and they have less than $1 worth of assets, and that is crazy stuff. And those are bound to blow up. And Terra USD was definitely one of those where they were under collateralized. They issued billions of dollars worth of the pegged stable coin. And the mechanism that they had was saying if a lot of people come in and try to convert to US Dollar at parody, we have these other things that that we can print unlimited amounts off, and we're going to print this thing and we're going to sell it. And that way we'll generate the value for the stable coin, which obviously is insane because when you have a run on the bank when you have a run on the stable coin, the value of the stuff that you are printing is starting to collapse so you have to keep printing more and more to generate the same amount of value. And you end up diluting that second asset to zero and you end up breaking the peg. Terra USD is not the first one where it happened. There was a bunch of other ones in the past. It is absolutely amazing to me that people keep falling for this. But here we are, people put tens of billions of dollars into this.Jason Raznick: What do you think got people so into it? Jakub Rehor: There's the old saying in the markets, "Bulls make money, bears make money, and pigs get slaughtered." People just got really piggish. These 20% yields sound amazing.I think that a lot of people did understand that these yields are unsustainable and they are they were funded by the VC investors or the launch of funds that that Luna the project behind the stable coins raised.So they understood that these 20% yields wouldn't last, but they thought, I'll just collect them for as long as I can and get out. And, as we know, getting out is the hard part.Jason Raznick: Getting out is the hard part. And so when you're in cash, do you guys do just say "Hey, I'm going to buy some USDC"?Jakub Rehor: Sure, we do that. Jason Raznick: What about Terra Luna?Jakub Rehor: No, forget it. Nothing algorithmic. We wouldn't feel comfortable with that.There is actually an interesting innovation going on, so I would say. There is one potential new kind of algorithmic stable coin. That is interesting to watch. It's tiny. It's still an experiment. We'll see if the experiment is successful or not. But the idea is similar to what I just described about the basis trade, right? So when you have a basis trade, you sell a derivative and you buy the underlying spot. What do you actually generate is like a synthetic stable coin. You create a synthetic dollar that. And there are people out there who are trying to generate to create synthetic dollars exactly. By doing this, by putting these offsetting positions on the derivatives and the spot markets, and they're doing it on decentralized exchanges. So that is an interesting idea because it's not really subject to the same risk that the traditional algorithmic stable coins are because even in Iran, you should be able to liquidate both sides and and be able to defend the peg.Now. It's still early days. There's only, I think few million dollars experimenting with this approach. And a lot of this depends on the infrastructure outside of these folks control. If you are issuing a stable coin like that, you need fairly liquid markets in the derivatives that you use to back this up, those markets have to provide a 24 / 7 availability. You have to be able to withdraw money fairly quickly. So the infrastructure really needs to be there. And the danger is that we are still too early and the infrastructure cannot support that. But it's a very interesting.Jason Raznick: And are you guys trying to get involved with these experiments or are you just watching it? Jakub Rehor: We're watching at this point and cheering on from the sidelines.The whole crypto space is a thousand experiments right now.Jason Raznick: Do you think there should be more regulation in the crypto space? Jakub Rehor: Regulation is coming, there is no doubt about it. Regulation makes sense when the market is a little bit more mature and it becomes obvious what is the right thing to do and what is not the right thing to do.Regulators are not really equipped to know upfront. What is a good idea and what is a bad idea. And right now, you see a lot of the regulators around the world, including the US stepping back and trying to figure out what the heck is going on. What should we allow? What should we not allow? And that allows the space to do a lot of experimentation and sort of by learning, we're going to discover what is a good idea and what we should just. Let it happen again.I think algorithmic stable coins is a very dangerous idea and we're getting a lot of evidence for that. And I think the regulation is going to clamp down on that. At the same time, fully backed, reserved stable coins are sailing through this crisis pretty well and I think the regulation again should reflect that and encourage that sort of product as opposed to the more algorithmic ones.Jason Raznick: Who is Lucy? Jakub Rehor: Our CTO came up with that. There was a fairly famous fossil form of the early human, like before humans really evolved to become modern humans. And it's so it's it hearkens to that. It's like early steps in this new world that is being that is developing in front of us.Jason Raznick:What else does Lucy Labs do? Jakub Rehor: So we have a blog on Medium we just launched, a blog talking about crypto products. The first post specifically talks about perpetual swaps. The history of them. It's a product that's unique to crypto doesn't really have an exact equivalent in traditional finance. So we spend a little bit of time explaining how it works and what are the tricky things to be aware of working with that. And we're really enjoying that. So I think we'll be doing a lot more to have that.Jason Raznick: What are perpetual swaps? Jakub Rehor: So perpetual swaps it's super interesting. It's a version of a future. Traditional futures of an expiration. So usually every three months or so the future expires and it's settled either with the underlying or it gets settled in cash. And when the crypto exchanges started taking off, that was the product that they offered and they discovered that retail investors actually had a real trouble.managing Futures, the managing the expirations. People would forget that, third, Friday in June or whatever is the expiration date. And they would log into their account once every two weeks. And one day they would log into their account and their position was gone and they will be like, oh my God, what's happening.The traditional futures turned out to be not a great fit for crypto. So a number of exchanges started experimenting and one of them called Bitmax which was based in Hong Kong in those days they played with different things. They tried to shorten the futures to have expiration every 48 hours then every 24 hours. And finally they decided what if we never expire this thing? Just make it perpetual. Then the issue you have, how do you make sure that the swap price doesn't drift away completely from the underlying, if you don't have expiration that will force those two prices to converge, how do you make sure they don't just, it just doesn't walk off into space.And the innovation they came up with is they first started thinking of referencing some outside interest rate that would and you were to charge the people who were on the wrong side of the trade. So if the future was too expensive they would charge people who were long. And the question is, how do you set an interest rate in crypto, like what is the Bitcoin interest rate? There's really no good answer for that. So they decided let's just generate it from the price itself. Let's just look at the difference between the price of the swap and the price of the underlying. And let's charge that difference.That will force people who are long to be paying a lot of money and hopefully it will incentivize them to close the position and sell the long position, which will force it back to the equilibrium price. And when they first came up with that, nobody knew if it would work or not. It was a real experiment. It was a kind of stab in the dark. And in the first 6 months, it was pretty hairy. The prices were all over the place. The swap price was drifting away from their underlying and it was a little bit chaotic, but after about six months ARPS figured out how to play this game and over the past 2 or 3 years, that market has really matured and it became the predominant way of trading crypto outside of the US. The perpetual swap markets are anywhere on the order of 5 to 10 times greater than the underlying spot markets.Jason Raznick: One of the things you mentioned earlier with Marty Whitman, you are an investigator and you're looking for opportunities to companies and you can value, invest and see stuff that people aren't seeing. Is this similar to that?Jakub Rehor: It's very similar. It's again, you're being a detective and you constantly ask questions like what's going on and why? The way we really wrapped our head around the perpetual swaps was we were taking regular positions in the spot markets, and then we saw liquidity as much better in the perpetual swap so why not start trading that we started trading that. We're getting hit with these funding costs. And we're like, oh, we hate paying these funding rates. Hear me out. What if we start collecting them instead? How would you go about it? And very quickly we figured out, okay, you can create the synthetic position and do this.And yeah, you stay, you learn by doing. The way you discover these opportunities, you are active in the space. You trade, you do experiments and you discover things that you didn't realize were happening and you'll find new opportunities all the time.And we'll help amplify your blog and get people to get the word out.Jason Raznick: What advice do you have for crypto investors?Jakub Rehor: I would say with retail investors, crypto is a very risky, very volatile asset space. You do want to be in it longer term, but be aware that these 80% drawdowns are happening and are likely to happen for the foreseeable future.So position sizing is the most important thing you need to worry about. If things get really tough. Can I survive this, don't put on too big a position and definitely do not put on leverage. Retail investors tend to get in trouble with too much leverage on their positions.But longer term. Crypto is very likely to be around for a long time. And learning about it is best done by trading and being active in the market. Be there and trade it. But keep it Small enough that you can afford the pain of the downturn, similar to what we're seeing today.for institutional investor, my advice is slightly different. I would still say you should be experimenting in this market. The interesting thing is the infrastructure for trading that's being built in crypto markets is, I would say a hundred years ahead of what's in the traditional markets that you are used to, the efficiency and effectiveness of the trading platforms is going to absolutely steamroll, the traditional trading venues.And I would recommend to start learning about how things work there so that when it happens, you'll be prepared. I'll give you an example, the huge difference between a traditional infrastructure and the crypto infrastructure in traditional infrastructure. Let's say you trade futures and the way you to say you're trading futures on wheat, for example.So you have to put up a margin and at the end of each day, your position is marked to market and the exchange calculates any additional margin that's needed. And you have until the next morning to come up with the cash to keep the position. OIn that period between the calculation of the margin and depositing of the cash, the exchanges that.If you actually go bankrupt, the exchange may not be able to collect. And, they have a fund to insure them against that. But it is a real business risk for the exchange, which is why they set the margins very high. To live with having that risk on their balance sheet.So the size of the margin is a function of the payment cycle and the settlement cycle. In traditional finance, the settlement cycle has to be at least 24 hours because the traditional payment rails take 24 hours to get, your payment from your bank to the exchange or the broker.So by nature, they cannot offer high leverage in the products that they. Just because of the settlement counterparty risk issue.You go to crypto exchanges and you realize that they have the recalculate, the margins at a much higher frequency. The exchange. I mentioned BitMax, actually, they started recalculating margin on every tick.So every trade happens, they go and go through a million accounts that they have and recalculate the margin requirements immediately. So they don't have that 24 hour delay for them to be at risk, they can liquidate positions much faster than that. Because of that they can lower their margin requirements. And some of these guys used to offer a 100 times leverage. Thankfully they reduced that now, but you can still get 20 to 25 times leverage on your crypto positions. The exchanges can afford to do that without putting themselves at risk because of this much faster settlement cycle that they have available.Now, if you are an institutional trader and you doing things like hedging, you're doing things like arbitrage. Where do you want to execute? You obviously want to execute at the place with lower margin requirements because you'll have a better capital efficiency. You'll have a higher return on capital.So liquidity is likely to stay at these crypto exchanges that have the newer techniques. And we're seeing that clearly in, for example, the Bitcoin futures market. CME rolled out its Bitcoin futures product in December, 2017. So it's four years now. And they only have about 5% market share in global Bitcoin futures trading, which is amazing.CME is leading venue for derivatives trading. How come they cannot get more market share than that? And the response is because of the, how slow their settlement cycle is. They are requiring 35% margin for any Bitcoin position while the crypto exchanges, they may ask for 3 to 5% margin for the same position.So again, as an institutional investor, you'll be better off trading on these new exchanges.Now these guys, the crypto exchanges are coming into the US so right now, there is a hearing in front of the Congress Senate Agriculture Committee. And and there is a application with the CFTC in which FTX, which is one of the leading crypto exchanges is trying to bring this 24/ 7 trading in commodities with instant margin calculation, and an instant settlement so T plus 0 seconds. If this gets approved and really, there's no reason why it shouldn't be it needs to work its way through the regulatory process, but if this gets approved and you will get a fully regulated exchange with these parameters, can you imagine what that's going to do with people like CME?The reason CME is doing things this way is that's how you did it in 1868. When you were started, when you literally had a guy, in the morning, run to the bank with a check. And deposited with the clerk on the exchange at 7:30 AM. And if the check wasn't there by 8:30 AM, the positions would be liquidated that's and it's baked into all of their systems.They are, it will not be easy for them to upgrade their system to be able to compete with this.Jason Raznick: Do you personally buy Bitcoin or were you an early investor in Bitcoin? Jakub Rehor: Oh yeah, way too early. I bought my first Bitcoin back in 2013 or something like that. It was $14. I was down 80% within a month of my purchase. So yeah, it was a small amount of money.Jason Raznick: Do you have a favorite crypto?Jakub Rehor: I'm still partial of the Bitcoin, my first love.Jason Raznick: The last one is what's your worst or your first job? That's a question I always ask.Jakub Rehor: I did all sorts of things. I painted houses. I work in the fields. I worked in bakeries. So it's a very wide range of things and honestly, they're all fine. I think any job is what you make from it. What you make of it. You can learn a lot of from just painting a house.Jason Raznick: And if people want to check you out, where should they go?Jakub Rehor: We are at https://lucylabs.io/.Jason Raznick: Thank you for coming on the RazReport. We appreciate it.Support this podcast at — https://redcircle.com/the-raz-report/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The extremely bright CFA, equity analyst, and investor Ryan Deedy joins Josh & Dan to discuss the magnificence of both Bitcoin the asset and Bitcoin the network. This Episode Covers: A summation of the last 100 years of economic history The risks of ignoring Bitcoin How technologies grow exponential on application layers  Zoomed in dollar strengthening and zoomed out dollar devaluation The differences between types of QE Liposuction and the cure for fat butt disease Ryan's jaw dropping BTC price prediction SHOW SPONSORS: **COINKITE** - Makers or the best Bitcoin security hardware in the world. Use PROMO CODE "BCB" for 5% off ColdCard Mk3 purchases at coinkite.com. Coinkite is the producer of the iconic ColdCard.  ColdCard is widely regarded as the MOST secure signing device in existence, and can be used by beginners all the way up to the most advanced users (The 2 of us have relied on this device for years.) If you wanna get frisky, check out the BlockClock Mini, this beauty sits on a bookshelf or hangs on the wall and displays any metric about Bitcoin you can think of.  BlockClock Mini is a lust worthy addition to any Bitcoiners home. Other Coinkite products include the OPENDIME, the SATSCARD, the TAPSIGNER, the SEEDPLATE, COLDPOWER and sweet hats. All available at coinkite.com. ColdCard Guides (ultra quick - intermediate - advanced) **LEDN** - A Bitcoin forward financial services company that has chosen to mirror and embrace the transparency, accountability, and auditability of Bitcoin itself by undergoing Proof of Reserves. Use Bitcoin as collateral and access dollar loans with Ledn Bitcoin backed loans. Harness your Bitcoin holdings to buy a new property or finance the home you already own with the upcoming Ledn Bitcoin Mortgage Product. Save Bitcoin and USDC and have access to Ledn's Dollar Loans and trading service. You can look into Ledn's well architected menu of services at Ledn.io (All products and services subject to availability & jurisdiction.)   SUPPORT THE BCB PODCAST: ⇨TIPS: strike.me/bcb (tips also open on Twitter) ⇨PODCAST 2.0 STREAMING: You can stream us fractions of a cent via Bitcoin sats on the Lightning Network!  We are live on Podcast 2.0 apps & wallets. BREEZ Wallet is a great way to get started→HERE is an easy tutorial that demonstrates exactly how to do it. ABOUT RYAN DEEDY Ryan Deedy, CFA, has spent the last 14 years working as an equity analyst in the investment management industry. He most recently worked at Millennium Management, a hedge fund, where he conducted fundamental research on the aerospace, defense, and transportation sectors. Prior to Millennium, he worked at RiverSource Investments, Manulife Investment Management and Putnam Investments, where his research coverage included the financial, technology, telecom, industrial and consumer sectors. During his time at Putnam, he spent three years in Singapore covering emerging markets. Ryan believes that many of our societal and economic issues are due to a broken monetary system and the innovation of Bitcoin is the solution to most of them. His goal is to contribute to the development and adoption of the Bitcoin ecosystem as an educator and investor. ITEMS MENTIONED IN THE SHOW: Ryan Deedy Article Page at Bitcoin Magazine TWITTER: Follow Blue Collar Bitcoin Podcast @blue_collarbtc, Follow Ryan @Ryan_Deedy EMAIL: Send us questions, comments, or feedback at bluecollarbitcoinpodcast@gmail.com

Theory Planning Partners is a boutique wealth creation firm for the top female entrepreneurs in the United States.Before launching Theory Planning Partners, Kaitlyn spent the majority of her career at UBS Financial Services, Inc., where she held roles in the South as well as the Northeast. There, she developed more than 300 financial plans for clients with assets ranging from $500,000 to $1 Billion. Subsequently, she became an advisor on a private wealth management team that managed over $600 million for a few dozen families. Her career began in asset management with Putnam Investments.Kaitlyn is a CERTIFIED FINANCIAL PLANNER™️ (CFP®), Certified Exit Planning Advisor™️ (CEPA™️), and an Accredited Wealth Management Advisor (AWMA®).Outside of work, she is a spiritual seeker ravenous to understand why we are here and how to make a meaningful life.Kaitlyn lives in Marblehead, MA, with her husband, Jake, their son, Russell, and affectionate dog, Bacchus. In her free time, she enjoys exercising, reading, traveling, and trying new restaurants around Boston.Learn More: https://theoryplanning.com/Influential Influencers with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-kaitlyn-carlson-founder-ceo-of-theory-planning-partners

Theory Planning Partners is a boutique wealth creation firm for the top female entrepreneurs in the United States.Before launching Theory Planning Partners, Kaitlyn spent the majority of her career at UBS Financial Services, Inc., where she held roles in the South as well as the Northeast. There, she developed more than 300 financial plans for clients with assets ranging from $500,000 to $1 Billion. Subsequently, she became an advisor on a private wealth management team that managed over $600 million for a few dozen families. Her career began in asset management with Putnam Investments.Kaitlyn is a CERTIFIED FINANCIAL PLANNER™️ (CFP®), Certified Exit Planning Advisor™️ (CEPA™️), and an Accredited Wealth Management Advisor (AWMA®).Outside of work, she is a spiritual seeker ravenous to understand why we are here and how to make a meaningful life.Kaitlyn lives in Marblehead, MA, with her husband, Jake, their son, Russell, and affectionate dog, Bacchus. In her free time, she enjoys exercising, reading, traveling, and trying new restaurants around Boston.Learn More: https://theoryplanning.com/Influential Influencers with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-kaitlyn-carlson-founder-ceo-of-theory-planning-partners

In this episode, Chris speaks with Joanne Driscoll, CFA, Head of Short Term Liquid Markets in the Fixed Income group at Putnam Investments. In this position, she is responsible for the oversight of the investment strategies and management of short duration products along with SEC Rule 2a-7 mandated portfolios and other cash assets. Joanne is a Portfolio Manager of Putnam Government Money Market Fund, Putnam Money Market Fund, Putnam Short Duration Bond Fund, and Putnam Ultra Short Duration Income Fund. During the conversation, they touch on many topics, including: The current landscape on the front-end of the curveThe Fed and QEInflationThe challenges involved with managing through the pandemicRising rates and the impact on the short end of the curveThe difficulties in '08 and '09 compared to 2020Fixed income spreadsHow Joanne manages risk in Putnam's Ultrashort and Short Duration fundsThis material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change. All investments involve risk, including the loss of principal. You can lose money by investing. To view additional information including performance and holdings, please visit the Putnam Ultra Short Duration Income Fund page found on putnam.com.  Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing. Putnam Retail Management                                                                                       AD1931413 11/21