Podcasts about raymond james financial services

In this episode of Nurturing Financial Freedom, we shift focus from the hard numbers and take a deep dive into the psychological side of investing. Specifically, we explore loss aversion—the human tendency to feel the pain of financial loss more intensely than the pleasure of gains. As we've all seen in our work and our own portfolios, emotional reactions to market swings can often lead to irrational decisions. That's where understanding behavioral finance becomes a powerful tool in making smarter financial choices.We start with Ed breaking down the origins of loss aversion, rooted in the research of Kahneman and Tversky. Their work in the 1970s, which led to the development of prospect theory, shows that the average person perceives a $100,000 loss as twice as painful as a $100,000 gain is pleasurable. This cognitive imbalance causes two major pitfalls: people either avoid risk entirely and park money in cash—letting inflation erode value—or they panic-sell during downturns and miss out on rebounds, effectively locking in their losses.Ed walks us through real examples, including the volatility of April 2024, the pandemic crash of 2020, and the 2008 recession. He explains how our amygdala, hardwired to detect threats, doesn't differentiate between a market dip and a life-or-death situation, making our emotional reactions feel justified—even when they're counterproductive.Alex builds on this by offering techniques to manage this psychological bias. First, we need to build a financial plan with a properly diversified portfolio aligned to our specific timeline and goals. He emphasizes reframing our perspective—looking at a portfolio not as a cash balance but as ownership in companies that will likely be around for decades. He shares the analogy of home values: we don't sell our house when its Zestimate dips; likewise, we shouldn't rush to sell stocks when they temporarily fall.Other actionable strategies include pre-committing to actions like rebalancing during downturns, increasing contributions when prices are low, and resisting the urge to act impulsively. He underscores the power of long-term thinking—"expand the graph"—to see that every crash looks like a blip over decades. And finally, he recommends examining past mistakes. Nothing hits home more than seeing the dollars lost from a past panic sale.We close by reaffirming that while we can't guarantee outcomes, we can plan for volatility. The market is emotional in the short term but logical in the long term. With the right mindset and tools, we can better navigate the emotional terrain of investing and avoid letting fear dictate our strategy.Books Mentioned:Thinking Fast and Slow: https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555The Undoing Project: A Friendship That Changed Our Minds: https://www.amazon.com/Undoing-Project-Friendship-Changed-Minds/dp/0393354776 You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode, we walk through a tumultuous April marked by heightened market volatility, significant tariff announcements, and growing concerns about inflation and recession risk. Alex kicks off by breaking down what happened in the markets. The month began with what initially looked like a standard correction, but quickly escalated into what he describes as a crash. On April 2nd, the administration announced far more aggressive tariffs than anticipated, especially targeting Chinese imports. The shock triggered a sharp market drop—more than a thousand points lost over two days. The volatility stemmed largely from the ambiguity those tariffs introduced, making it difficult to accurately value stocks and project cash flows. As Alex explains, investor confidence suffers when assumptions about capital costs and future growth become too uncertain to model.Despite the chaos, we emphasize the importance of staying invested. Alex reminds us of our previous discussions about how the best up days in the market often follow the worst down days—something we saw play out just days after the tariff announcement when markets rebounded sharply after a partial rollback on April 9th. That pattern is why timing the market remains a losing game.We also touch on the importance of client communication during turbulent periods. Alex and Ed talk about the proactive steps they took to prepare clients, including emails, webinars, and consistent messaging. This transparency helped reduce panic and reinforce the value of long-term planning.Ed then walks us through where we stand now. While the most extreme tariffs were pulled back, the new baseline is still historically high, with a 10% tariff on all imports and 145% on imports from China. These will likely impact consumer prices starting this summer, especially on goods like food or chemicals tied to supply chains in China. We're now facing the highest average tariff rate in a century.He also addresses the rising recession odds, now between 40–60% according to major banks—well above the post-war average, but still no guarantee. Economic forecasting, as he notes, is often no more reliable than market prediction. Finally, we explore the Fed's precarious position: hold rates and risk slowing growth, or cut rates and risk fueling tariff-driven inflation. Either choice comes with real trade-offs.We close by reinforcing the message we always deliver—don't try to outsmart the market. Stick to your long-term plan, stay diversified, and prepare for storms before they hit. That's what we've always done, and it's what we'll keep doing. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode of Nurturing Financial Freedom, we dive headfirst into the recent stock market volatility and explore what's driving it—and more importantly, how investors should respond. We tackle the question on everyone's mind: "What the heck is going on with the market?"Ed kicks things off with a breakdown of recent market activity, noting that since the February 19 peak, the market has dropped roughly 9.5% as of April 1. He explains that this pullback is largely driven by elevated stock valuations and policy uncertainty. The S&P 500's forward P/E ratio is sitting well above its 30-year average, which has made the market more sensitive to any negative headlines. Add to that the confusion surrounding tariffs and trade policy—especially whether these moves are part of negotiation tactics or a longer-term shift toward protectionism—and we're looking at a market trying to digest a lot at once.Ed emphasizes the importance of sticking to a well-diversified portfolio and keeping allocations aligned with long-term goals. If your portfolio has drifted because of recent gains or losses, now is the time to rebalance. We revisit the idea of “fire drills,” a proactive approach Birch Run uses with clients to prepare for downturns before they happen.Alex then provides some critical historical perspective. He reminds us that every downturn—whether it's the Panic of 1907, the crash of 1929, or COVID in 2020—has been temporary. The key takeaway? Don't let short-term fear drive long-term mistakes. He shares how missing just the 10 best market days over a 30-year span could slash an example portfolio growth by nearly $1 million. And since many of those “best days” tend to cluster around the worst ones, jumping in and out of the market is a dangerous game.Alex and Ed both stress that timing the market is not only incredibly difficult (if not impossible), but often detrimental. Staying invested with a balanced strategy that fits your goals is almost always the right approach. While we can't predict where the market will go in 2025, we can recommend avoiding behavioral traps and sticking to the fundamentals.Listen through to the end of the show to hear how ice cream ties in to all of this. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

What is an annuity? Is it a good tool for my goals? Certified Elder Law Attorney Barbara McGinnis joins Certified Financial Planner, Matt Brown the branch manager of Raymond James in Cookeville to explore frequently asked questions about annuities. 304 Family Wealth |304 N. Washington Ave. Cookeville, TN 38501| 931.520.0778 Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. 304 Family Wealth is not a registered broker/dealer and is independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. The information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Matthew Brown and not necessarily those of Raymond James. Annuities are long-term, tax-deferred insurance contracts designed for retirement. Withdrawals made prior to age 59 ½ may be subject to taxes and possible penalties. Any guarantees are backed by the claims-paying ability of the issuing insurance company. Contracts are subject to fees and limitations. Investors should consider the investment objectives, risks, and charges and expenses of variable annuities carefully before investing. The prospectus contains this and other important information about the variable annuity and its underlying funds. Prospectuses for both the variable annuity contract and the underlying funds are available from your financial advisor and should be read carefully before investing. Investing involves risk and you may incur a profit or a loss regardless of strategy selected. Past performance is no guarantee of future results. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

After sending congratulations to the Super Bowl champion Eagles, today we dive into a dense and important topic: the U.S. federal debt. There's a lot of fear and misinformation around this issue, so we break down what the numbers really mean and how they compare to history.Alex kicks things off by clarifying key terms. A deficit occurs when the government spends more than it brings in during a given year. The debt is the accumulation of all past deficits, minus any surpluses. The U.S. has run a deficit in 46 of the last 50 years, meaning it consistently spends more than it collects in revenue. To cover these shortfalls, the government borrows money by selling treasury securities to investors, institutions, and foreign governments. The debt's significance is often measured against the country's total economic output—its debt-to-GDP ratio—which has averaged about 64% since 1939 but has spiked dramatically at key moments in history.We've seen two major surges in debt-to-GDP: during World War II, when it reached 120%, and during COVID-19, when emergency spending pushed it to 125%. While this ratio has come down slightly since the pandemic, it remains historically high. Similarly, the deficit-to-GDP ratio, which measures the size of the annual shortfall relative to economic output, has averaged 3.4% over time but ballooned to around 6.4% in recent years.Ed walks us through the current numbers. As of 2025, the U.S. total debt stands at $36.2 trillion, with about $28.9 trillion held by the public and $7.3 trillion held by government programs like Social Security. Given that GDP is around $29 trillion, our debt-to-GDP ratio sits at 120%, nearly double its long-term average. The U.S. ran a $1.8 trillion deficit in 2024 and is on track for a similar shortfall in 2025. Experts believe a sustainable deficit level should be closer to 3% of GDP, meaning we'd need to close a $1 trillion annual gap through tax increases, spending cuts, or a mix of both.A common concern we address is the idea that foreign nations “own” the U.S. through debt holdings. In reality, only about 23% of U.S. debt is held by foreign countries, with Japan and China being the largest holders. However, they invest in U.S. debt not to control us but because U.S. treasuries are among the safest assets in the world.So, should we be panicking? Not necessarily. As Ed reminds us, people have been warning about a debt crisis for decades. Ross Perot famously made it a central issue of his 1992 presidential campaign when the debt was just $4 trillion.  And yes, we may have detoured for a moment into Ross Perot and "Dana Carvey doing Ross Perot" impressions.Today's debt and deficit numbers are bigger, but so is the U.S. economy. While the current trajectory isn't sustainable forever, it's not an immediate crisis either—more of an issue that will need to be addressed over time.If you're wondering how these macroeconomic trends impact your personal financial planning, feel free to reach out. Visit Birch Run Financial, email info@birchrunfinancial.com, or call 484-395-2190. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode of Nurturing Financial Freedom, we kick off 2025 by discussing the economic highlights of 2024 and what lies ahead for the U.S. economy and markets. Ed provides an economic overview, while Alex dives into financial market performance and predictions.2024 saw significant progress in inflation reduction, with CPI falling from its 2022 peak of 9.1% to 2.8% by late 2024. While the Fed's soft landing approach avoided recession and brought inflation closer to its 2% target, uncertainties like potential tariffs remain. GDP growth for 2024 ended on a strong note at 2.7%, and economists project continued growth in 2025, with estimates ranging from 2.1% to 2.4%. The labor market, though slightly looser than in previous years, remains robust, with unemployment at 4.1%, still below historical averages.Interest rates, which peaked at 5.25% in mid-2023, were reduced incrementally to 4.25% by the end of 2024. While the Fed is not expected to cut rates further in early 2025, analysts predict additional rate reductions later this year, potentially lowering rates to around 3.25% by year-end.Turning to the markets, 2024 was a stellar year for U.S. equities, driven largely by the “Magnificent Seven” tech giants. The S&P 500 delivered an impressive 25% return, although most of this growth came from a small number of dominant stocks. In contrast, value stocks underperformed, returning 12.3%, while international stocks lagged with a modest 4.4% return. Other asset classes, including small and mid-cap stocks, bonds, and real estate, showed moderate gains. Gold, interestingly, mirrored the stock market's strong performance, rising by 25.5%.Looking ahead to 2025, major banks predict modest market growth, with the S&P 500 expected to yield returns of approximately 10%-12%. But despite a number of predictions - they are just that: predictions.  And Alex shares what he and the team think about these predictions. They are speculative, and market behavior is inherently unpredictable. The key takeaway is to remain diversified, stick to a long-term financial plan, and avoid reactionary decisions based on short-term market volatility.As always, staying prepared for market uncertainty while maintaining a balanced, goals-based strategy is critical for long-term success. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode of Nurturing Financial Freedom, we delve into the timely topic of tariffs, their economic implications, and their resurgence in U.S. policy under President Trump's leadership. Alex Cabot and Ed Lambert of Birch Run Financial provide a clear breakdown of what tariffs are, who pays them, and their pros and cons.We begin by defining tariffs as taxes imposed on imported or exported goods. Alex clarifies a common misconception: while tariffs aim to promote domestic industries by making imported goods more expensive, it is the U.S. importer—not foreign governments or exporters—who pays these taxes. Importers often pass these costs on to consumers, leading to higher prices, though in some cases, businesses absorb the costs, reducing their margins.Tariffs have several objectives. They protect domestic industries by encouraging consumers to buy locally, generate government revenue, address trade imbalances, and promote national security. They can also support emerging industries and serve as negotiating tools in trade disputes. For instance, the current administration appears to be using tariffs as leverage in international trade negotiations, particularly with Mexico and China.Ed expands on the downsides of tariffs, including their potential to trigger trade wars, where reciprocal tariffs harm businesses and consumers on both sides. Tariffs can also disrupt global supply chains, drive inflation, and reduce economic efficiency. For example, industries reliant on imported materials may face squeezed profit margins or pass costs onto consumers, further exacerbating financial strain. Additionally, widespread tariffs can slow global economic growth by undermining the interconnectedness of modern economies.The discussion concludes with a balanced perspective. While tariffs can be a useful tool to protect strategic industries or as a negotiation tactic, blanket tariffs across all trading partners are generally counterproductive. Thoughtful implementation is critical to avoid unintended consequences.Alex and Ed emphasize their commitment to breaking down complex topics for listeners, encouraging questions, and offering consultations. For more insights, they invite listeners to connect via their website, email, or social media. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode of Nurturing Financial Freedom, we discuss how the markets responded to the certainty brought by the recent Presidential election and what history suggests about post-election market performance. While maintaining a nonpartisan lens, we explore the relationship between political outcomes and financial markets.Ed starts by analyzing market movements in the week following the election. He highlights that the clear election outcome brought a sense of relief and stability to the markets, avoiding the prolonged uncertainty seen in prior cycles. This certainty spurred optimism, particularly around potential corporate tax extensions and reduced regulation, both of which are expected to support corporate profits. Financial stocks and small-cap U.S. stocks were notable outperformers, buoyed by deregulation hopes and domestic market focus, respectively. However, bonds and international stocks underperformed due to rising bond yields and a strengthening U.S. dollar, which hurt returns on foreign investments.Alex then shifts the focus to historical trends, emphasizing that while markets typically perform well post-election, this is consistent with broader market behavior rather than directly attributable to election outcomes. He notes that since 1980, nine of 11 post-election years saw positive market returns, averaging 15.6%, higher than the overall market average. Yet, these gains often stem from broader economic conditions rather than the Presidency itself- correlation does not mean causation!He reminds us that the stock market, like a nimble speedboat, can react quickly to news, whereas the economy, more akin to a massive aircraft carrier, changes direction only with significant events. Regardless of political shifts, long-term economic fundamentals and corporate earnings drive market performance. Again, reactionary changes to investment strategies based solely on political outcomes are unwise.The discussion closes with a look ahead, noting that volatility can increase under a new administration but isn't guaranteed. Historical examples, such as the quiet markets of 2017 following Trump's first inauguration, illustrate the unpredictable nature of post-election market behavior.Throughout, we stress the importance of focusing on long-term investment strategies rather than short-term political or market fluctuations. For personalized guidance, Birch Run Financial invites listeners to reach out through their website or social media channels. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

Today, Alex Cabot and Ed Lambert from Birch Run Financial dive into the intersection of politics and financial markets, focusing on the upcoming election. We discuss widespread market myths and offer a data-driven approach to navigating political cycles as an investor.Alex begins by addressing common misconceptions about election years and market volatility. Despite popular belief, election years do not inherently cause heightened volatility. Examining the past nine presidential elections, Alex highlights that only three were more volatile than average—2000, 2008, and 2020—events driven not by elections, but by major economic crises such as the tech bubble burst, the financial crisis, and the COVID-19 pandemic.Another misconception Alex tackles is the belief that markets perform better under Republican administrations due to their perceived pro-business stance. Historical data shows that markets have actually done well under both Democratic and Republican presidencies. Staying invested throughout all political cycles, regardless of the party in power, yields better long-term results, as markets ultimately respond more to economic fundamentals than to political leadership.Ed wraps up the discussion with an optimistic outlook on the U.S. economy. He emphasizes that, no matter the election outcome, the U.S. will continue to be the world's dominant economic power. Key statistics reinforce this point: the U.S. GDP is currently 55% larger than China's, and the country leads in energy production and technological innovation. He also points to the U.S.'s demographic advantages, including high immigration rates, which help sustain economic growth compared to other developed nations with aging populations.The episode underscores the importance of remaining calm and focused on long-term financial goals, no matter the election results. The U.S. economy is resilient, and sound investment strategies should not be swayed by political fearmongering or short-term volatility. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode, we discuss the recent Federal Reserve rate cut and its implications for the market and economy. The Fed reduced its overnight lending rate by half a percentage point, bringing it down from 5.25% to 4.75%. This was the first rate cut since March 2020, signaling a potential shift in monetary policy. The Fed's dual mandate—maintaining price stability and maximizing employment—guides its decisions. With inflation largely under control, the Fed is now able to focus on adjusting rates to support employment without risking economic stability.Ed explains that the current rate reduction is a strategic move, allowing the Fed flexibility to respond to future economic challenges. With rates still relatively high, the Fed has room to cut further if needed, but prefers a gradual approach to avoid destabilizing progress against inflation. He mentions the possibility of additional cuts later this year, barring any sudden spikes in inflation.Alex highlights how the market has reacted to the Fed's actions, noting that price-to-earnings ratios and bond yields adjusted even before the official rate cut. This preemptive adjustment is common as markets tend to "price in" expected policy changes. However, he cautions that predicting future interest rates accurately is challenging, and the Fed's projections often diverge from reality.We also explore the potential impact of these rate changes on the housing market. Higher interest rates have made borrowing more expensive, which affects home affordability. Many homeowners who refinanced at low rates may be reluctant to sell and take on a new mortgage at higher rates, constraining housing supply. Despite these challenges, Alex advises that personal financial decisions, such as purchasing a home, should be based on individual circumstances rather than solely on market conditions.Overall, the episode emphasizes the importance of having a personalized, all-weather investment strategy that can withstand various economic scenarios. Rather than making reactive changes based on market fluctuations, maintaining a consistent and well-thought-out plan tailored to individual goals and risk tolerance is crucial. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode of "Nurturing Financial Freedom," we discuss the surprising market volatility that occurred in early August 2024 and explore what investors should take away from these events. But first, we actually met in person last month - for the first time after working together for over five years!The market's volatility in August was triggered primarily by two factors: weaker-than-expected economic reports and high market valuations. The Institute for Supply Management's report on business indicated declining confidence in the manufacturing sector, which, alongside a disappointing non-farm payroll report, caused investors to worry that the economy might be slowing too quickly in its fight against inflation. This led to a significant market pullback, particularly in the Dow Jones Industrial Average, which dropped 2,000 points over a few days.  But even in the time between writing this episode and recording it, market volatility has calmed.Alex and Ed emphasize that while these reports sparked concern, the broader economic context remains positive. They remind listeners that market fluctuations are normal, and short-term downturns don't necessarily signal long-term issues. The key takeaway is the importance of maintaining a balanced and diversified portfolio to withstand such volatility. They also highlight the Federal Reserve's potential role in stabilizing the economy, noting that if a significant slowdown occurs, the Fed has the ability to cut interest rates to stimulate growth.  It's possible we see this after their next meeting in September.Predicting short-term market movements is extremely difficult, akin to forecasting the weather. Instead, the focus should be on long-term strategies and maintaining perspective during turbulent times. Ed advises against panicking during market volatility, stressing the importance of staying the course with a well-diversified investment plan. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

“The total relationship is about making life better for the client, focusing on what they need in the next 6 to 12 months, and helping them prioritize their financial decisions.” –Tyson RayThe finer details of this episode:The concept of the "total relationship" in financial planningThe importance of understanding clients' short-term goals and concernsThe role of wealth advisors in understanding clients' motivations and aspirationsProactive planning and collaboration between financial advisors, CPAs, and attorneysEducating clients about tax planning, investment decisions, and trade-offsSeeking deeper, more fulfilling connections beyond just financial mattersEpisode resources:Summit Virtual CFO by Anders website: https://www.summitcpa.net/If you have questions or would like to be a guest on the show, email us at mcpasuccessshow@anderscpa.comCheck out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/Connect with Tyson here: https://www.linkedin.com/in/tysonray/Check out Form Wealth Advisors here: https://formwealth.com/Tyson's resources mentioned in the episode: https://totalrelationship.com/moderncpa Timestamps:The welcome and introduction (00:00:00)Introduction to the podcast and the mission of providing insights for accounting firms. Guest introduction and perspective (00:00:30)Discussion about the unique perspective of the guest, Tyson Ray, and the value he brings to the audience. Introduction to the show and guest (00:00:53)The host and guest host introduce themselves and welcome the audience to the show. Tyson Ray's background and mission (00:01:19)Tyson Ray introduces himself, his role, and his mission to help clients and the community. The total relationship and client value (00:02:43)Discussion about the importance of understanding the client's needs and building a valuable relationship. Expanding services and expertise (00:03:40)Tyson Ray's decision to expand his expertise and focus on business exit planning. The Total Relationship book (00:05:05)Introduction to the book "The Total Relationship" and its focus on client relationships and communication. Client-focused planning approach (00:06:31)Explanation of the three parts of the total relationship: life plan, wealth plan, and care plan. Client relationship parallels (00:08:10)Discussion about the similarities in client-focused approaches between wealth management and financial business services. Prioritizing client needs (00:08:31)The importance of prioritizing client needs and guiding them through their financial journey. Life plan and client background (00:10:04)Exploration of the life plan, including family, health, and personal goals, to better understand the client's needs. Client's family and personal life (00:11:28)The significance of understanding the client's family dynamics, including parents, children, and personal experiences. Life plan and client's lifestyle (00:14:18)Discussion about the life plan, including travel, recreation, home improvements, and major purchases, to enhance the client's lifestyle. Client's life plan and financial decisions (00:15:53)The importance of aligning financial decisions with the client's life plan and rewarding themselves for their hard work. The Total Relationship and client permission (00:17:10)Exploration of the client's permission to prioritize their life plan and the role of advisors in supporting their goals. Life Plan (00:19:16)Advisors asking forward-looking questions, encouraging clients to enjoy their wealth and plan for personal goals. Virtual CFO Playbook (00:19:57)Promotion of a comprehensive online series to equip firms with essential tools for scalable CFO services. Wealth Advisor Conversations (00:20:40)Discussing the process of building trust with clients, understanding motivations, and opening conversations about personal and business goals. Life Plan and Wealth Plan Intersection (00:22:03)Exploring the connection between life and wealth plans, emphasizing the importance of understanding clients' personal and business needs. Wealth Plan Proactivity (00:23:58)Identifying cash management, business debt, and proactive planning to navigate financial crises and business transitions. Business Succession and Life Plan (00:27:03)Addressing business owners' plans for exiting their businesses, including transitions and contingency planning. Collaboration and Tax Planning (00:28:50)Highlighting the benefits of collaboration between financial advisors, CPAs, and law firms for better client outcomes. Future-Focused Financial Advice (00:30:44)Emphasizing the importance of future-focused financial advice and the collaboration between wealth management and tax planning. Caring for Financial Future (00:31:23)Reminding clients of their goals, proactive service, and helping clients make informed financial decisions. Personal Wealth Building (00:34:09)Encouraging clients to consider personal wealth-building options and the impact on business sustainability. Tax Planning and Client Education (00:35:01)Educating clients on tax deductions, structure, planning, and the importance of making informed financial decisions. Wealth Building Strategies (00:35:49)Encouraging personal wealth building for business owners to reduce stress and secure financial stability. Roth Tax-Free and Deductions (00:36:45)Navigating discussions on Roth tax-free options, deductions, and the impact on future tax liabilities. Client Engagement and Care Plan (00:37:48)Frequency of client engagement, revisiting life plans, and maintaining a standard cadence for care planning. Clients' Meeting Frequency (00:37:48)Tyson discusses the importance of tailoring meeting frequency to clients' needs and life events. Adjusting Meeting Frequency (00:38:42)Tyson explains how the frequency of client meetings should be adjusted based on the rhythm of life and life events. Over-servicing Clients (00:39:37)Tyson shares his experience of over-servicing clients and emphasizes the need to align service frequency with clients' actual needs. Client Scheduling Expectations (00:41:11)Jamie and Tyson discuss the importance of understanding clients' preferences for meeting schedules and setting expectations. Final Thoughts and Relationship Building (00:43:51)Adam and Tyson emphasize the value of building relationships and learning from professionals in different industries. Virtual Relationship Building (00:45:04)Tyson highlights the opportunity to build relationships virtually and reach clients beyond traditional demographics. Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc.  FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice. Podcast guest is Tyson Ray, CEO, Founding Partner, Senior Wealth Advisor at FORM Wealth Advisors. FORM Wealth Advisors is located at 431 Geneva National Ave S, Lake Geneva, WI, 53147; 262-686-3005.  

This month, Alex Cabot and Ed Lambert of Birch Run Financial discuss the financial landscape of the first half of 2024. They delve into how economic conditions and market performance have evolved, noting that the year hasn't gone as initially expected, yet has yielded positive results overall.Ed begins by providing an overview of the year's economic and market developments. At the start of 2024, there was significant optimism due to a strong stock market rally in late 2023, driven by improving inflation data. This optimism led many to anticipate multiple interest rate cuts by the Federal Reserve. However, inflation progress stalled in the first quarter of 2024, delaying the anticipated rate cuts. Despite this, the market performed well, with the S&P 500 rising by roughly 15% in the first half of the year. Ed attributes this to resumed inflation progress, stable economic growth, and the strong performance of leading AI companies.Alex then provides a more detailed breakdown of asset class performances (info courtesy of YCharts). He highlights the disparity between growth and value stocks within the S&P 500, with growth stocks significantly outperforming value stocks. Notably, the top seven stocks in the S&P 500, primarily tech giants like Nvidia, Microsoft, and Apple, saw dramatic gains, significantly driving overall market performance. Mid-cap stocks returned 6.2%, while small-cap stocks slightly declined. International markets showed moderate gains, and bond markets saw slight declines due to the lack of expected rate cuts.The conversation shifts to the importance of diversification. Alex emphasizes that while concentrated investments in a few top-performing stocks can yield high returns, this strategy carries significant risks. He underscores the value of a diversified portfolio, which spreads risk across various sectors and asset classes, reducing the potential for substantial losses. Diversification, he explains, is designed to provide stability and steady growth over the long term, rather than capitalizing on short-term market trends.The hosts also touch on the emotional aspects of investing, discussing how fear and greed can drive poor financial decisions. They stress the importance of working with financial professionals who can offer objective, rational advice, helping investors navigate market fluctuations without succumbing to emotional impulses.Overall, the first half of 2024 has reinforced the value of diversification and the importance of maintaining a balanced investment strategy. Despite unexpected developments, a well-diversified portfolio has proven resilient and capable of delivering positive returns.Gold is subject to the special risks associated with investing in precious metals, including but not limited to: price may be subject to wide fluctuation; the market is relatively limited; the sources are concentrated in countries that have the potential for instability; and the market is unregulated. Bond prices and yields are subject to change based upon market conditions and availability. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

In this episode of "Nurturing Financial Freedom," we discuss the crucial topic of the dangers of putting too much money into a single investment, often referred to as concentration risk.Alex starts by explaining that concentration risk, while not unique to any one type of investment, is particularly prevalent in stocks. He dispels the common "eggs in one basket" analogy by emphasizing that diversification means more than just spreading investments across similar types. True diversification involves spreading investments across different asset classes to reduce risk.Alex outlines two main problems with overconcentration. First, the actual investment result can be highly unpredictable. While betting heavily on a successful company like Google or Amazon at the right time could have been life-changing, many other seemingly promising stocks like Pets.com or Copper Mountain did not deliver. The second problem is the moral hazard that success can create. If an investor gets lucky once, they might believe they are smarter than the market, leading to risky behavior that can eventually result in significant losses.Jag draws a parallel with gambling, noting that while investing done right has a positive long-term expectation, gambling generally does not. Alex agrees, stressing that concentrating money in a single security is akin to gambling and should be avoided.Ed then discusses two types of overconcentration: voluntary and automatic. Voluntary overconcentration happens when investors intentionally buy large amounts of a single stock, often due to recent performance. Automatic overconcentration occurs when employees accumulate large amounts of their employer's stock through compensation packages. He explains the psychological factors at play, including recency bias, where people expect recent trends to continue indefinitely, and loyalty to their company, which can cloud judgment.Ed also highlights the practical issues, such as tax liabilities and the emotional difficulty of selling high-performing stocks. He shares a cautionary tale of a pharmaceutical company whose stock plummeted due to unforeseen issues, causing employees to lose significant portions of their net worth and even their jobs. This example underscores the importance of not being overly reliant on any single company, especially one's employer.To mitigate these risks, Alex advises that no more than 5% of a portfolio should be invested in a single security, with a cautious approach to anything between 5% and 10%. Exceeding this 10% can make financial planning difficult, as the range of potential outcomes becomes too broad and unpredictable.Jag and Ed conclude by reinforcing the importance of a diversified portfolio for long-term financial success. They stress that while high-risk bets can occasionally pay off, the potential for catastrophic losses makes them unsuitable for most investors. Instead, maintaining a balanced and diversified investment strategy helps ensure financial stability and success. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.

In this episode of the Nurturing Financial Freedom podcast, we explore a topic that often gets lost amidst daily media noise: the long-term optimism about the future of the United States. We delve into why, despite current challenges, there's a compelling case for optimism.Ed Lambert kicks off the discussion by highlighting the quality of life in the U.S. in 2024.  Americans enjoy a standard of living unparalleled in human history. While acknowledging the country's challenges, Ed emphasizes the transformative impact of technology and innovation. Today's ubiquitous cell phones, powerful computers, and AI advancements exemplify this progress. These technologies, Ed argues, have dramatically increased productivity and will continue to do so, ensuring economic growth even as the labor force growth slows.Ed also addresses concerns about AI displacing jobs. He believes that while AI will disrupt certain sectors, it will also create new opportunities, much like the automobile did a century ago. People will adapt by transitioning to roles that leverage AI as a tool, enhancing productivity and economic efficiency.The discussion then shifts to the U.S.'s unique position in the global economy. Ed notes that declining birth rates and aging populations are global phenomena, but the U.S. remains an attractive destination for immigrants seeking better lives. This influx of talent fuels innovation and entrepreneurship, sustaining economic growth. Unlike its primary adversaries, China and Russia, the U.S. benefits from a favorable economic structure and remains a magnet for global talent and investment.Alex Cabot supports this optimistic outlook with data. He compares the U.S. economy today with past decades, showing significant growth in GDP and per capita income, even when adjusted for inflation. Alex paints a stark contrast between the living standards in 1955 and today, demonstrating massive improvements in housing, income, education, and life expectancy.He also broadens the perspective to a global scale, noting that extreme poverty has dramatically decreased worldwide. A century ago, 80% of the global population lived in extreme poverty; today, it's less than 10%. This decline is a testament to the positive impact of technological and economic advancements on humanity as a whole.In concluding, Alex argues that long-term optimism is crucial for financial planning. While media often highlights uncertainties and negative events, focusing on the broader, long-term trends reveals a trajectory of continuous improvement. And he uses Jag's favorite weather analogy.This episode reinforces the importance of maintaining a positive outlook on the future, grounded in data and historical context. The U.S., with its robust economy and culture of innovation, is well-positioned to continue thriving in the decades to come. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.

Today, we pivot from previous discussions on bull markets to delve into the topic of inflation, especially given the recent slowing of progress according to CPI data. Ed kicks off the discussion by highlighting that although we desire a linear decrease in inflation to the FED's 2% target, achieving this without economic recession is challenging. He points out the current robust state of the U.S. economy, with low unemployment at 3.8% and a significant GDP growth of 3.4% in the last quarter of 2023. Despite this, the struggle for median wage earners against inflation is real, accentuated by higher credit card interest rates and limited savings.Ed elaborates that the current economic conditions, including strong job markets and investment returns, inherently slow down the fight against inflation. He argues that while this scenario isn't ideal for every worker, it is preferable to the alternative—a recession marked by higher unemployment and reduced consumption, which would rapidly decrease inflation but at a greater cost.Alex then provides further analysis of recent economic data, emphasizing the variability within CPI's year-over-year report showing a moderated inflation rate at 4.1% for 2023. He discusses specific sectors like food and energy, highlighting significant disparities such as a decrease in energy costs and specific increases in costs of household goods. Alex reassures that despite prolonged higher interest rates, the market and economic outlook remains stable, supported by sustained job openings and steady real estate prices.Overall, our discussion underscores the complex interplay between economic growth, inflation, and the Federal Reserve's policies. We conclude that a slower reduction in inflation paired with economic stability is currently more beneficial than the drastic alternative of entering a recession.NEW: Birch Run Financial on YouTube: https://youtube.com/@birchrunfinancial You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.

Tyson Ray is the CEO of FORM Wealth Advisors, a hybrid advisory firm based out of Wisconsin that oversees approximately $900 million in assets under management for just over 800 client households. Tyson's unique "Total Relationship" planning approach emphasizes assessing clients' immediate lump sum spending needs, such as new car purchases or vacations, to ensure their portfolios maintain sufficient cash reserves for these goals. Listen in as Tyson talks about his firm's unique approach, their strategic growth through acquisitions, and the crucial lessons learned on due diligence. He also shares the operational challenges he experienced, as well as the solutions he found that have streamlined his firm's operations. For show notes and more visit: https://www.kitces.com/382 Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc. FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice. Podcast guest is Tyson Ray, CEO, Founding Partner, Senior Wealth Advisor at FORM Wealth Advisors. FORM Wealth Advisors is located at 431 Geneva National Ave S, Lake Geneva, WI, 53147; 262-686-3005.    

David interviews Tyson Ray, the CEO of Form Wealth Advisors, about his journey in financial planning and his book The Total Relationship. Tyson shares how he started investing at a young age and bought his first firm at age 24. He emphasizes the importance of understanding clients' lives beyond finances through the "total relationship" approach. Tyson discusses implementing life plans, wealth plans, and care plans for each client. He also stresses the value of building trust through empathy and personalized service over traditional sales tactics.   This week on The Model FA Podcast: (0:02) Wealth management and providing meaningful value with Tyson Ray. (1:15) Entrepreneurship, investing, and personal growth. (5:53) Estate planning and prioritizing clients' interests. (11:26) Building a team for a successful financial planning business. (18:20) Finding the right people for a business venture. (20:13) Financial planning, coaching, and client service. (24:27) Building client relationships through empathy and personal connections. (29:29) Personalized financial planning and branding. (35:03) Financial planning and life goals with an advisor. (40:28) Financial planning, funding, and monitoring for clients. (45:30) Branding, marketing, and idolatry in financial planning. (52:27) The value of a relationship book and leaving reviews.   Connect with Tyson:   Website: https://www.totalrelationship.com Email: tyson.ray@formwealth.com   About the Model FA Podcast   The Model FA podcast is a show for fiduciary financial advisors. In each episode, our host David DeCelle sits down with industry experts, strategic thinkers, and advisors to explore what it takes  to build a successful practice — and have an abundant life in the process. We believe in continuous learning, tactical advice, and strategies that work — no “gotchas” or BS. Join us to hear stories from successful financial advisors, get actionable ideas from experts, and re-discover your drive to build the practice of your dreams.    Did you like this conversation? Then leave us a rating and a review in whatever podcast player you use. We would love your feedback, and your ratings help us reach more advisors with ideas for growing their practices, attracting great clients, and achieving a better quality of life. While you are there, feel free to share your ideas about future podcast guests or topics you'd love to see covered.    Our Team: President of Model FA, David DeCelle If you like this podcast, you will love our community! Join the Model FA Community on Facebook to connect with like-minded advisors and share the day-to-day challenges and wins of running a growing financial services firm. Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc.  FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice. Podcast guest is Tyson Ray, CEO, Founding Partner, Senior Wealth Advisor at FORM Wealth Advisors. FORM Wealth Advisors is located at 431 Geneva National Ave S, Lake Geneva, WI, 53147; 262-686-3005.

Tyson Ray joins today show to discuss his wealth management practice and Total Relationship Approach™ .  You can also grab a copy of his book The Total Relationship, and take advantage of several free resources with the link below:https://totalrelationship.com/internaluseonly/ Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc.  FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice. Investing involves risk regardless of the strategy selected. Podcast guest is Tyson Ray, CEO & Founding Partner at FORM Wealth Advisors and Senior Wealth Advisor with Raymond James. FORM Wealth Advisors is located at 431 Geneva National Ave S, Lake Geneva, WI, 53147; 262-686-3005.

Today, we're discussing the current state of the market, which has seen impressive returns since last Halloween. The focus today is on the importance of maintaining discipline not just in downturns but also during strong market periods. Alex kicks off by highlighting the significant growth in the capital markets in 2023, following a challenging year. The S&P 500's substantial gains, especially in the last few months of 2023 and into this year, underscore the market's strong performance. This surge is attributed to decreasing inflation expectations and a boom in tech and AI sectors, lifting the broader market.Alex points out the necessity of rebalancing investment portfolios more frequently in such a bullish market to stick to original allocation targets. This is because different asset classes may not move in tandem, potentially skewing the portfolio away from its intended balance. However, he cautions against over-rebalancing, especially in taxable accounts, to avoid unintended tax liabilities, including the wash-sale rule. Rebalancing is about adhering to the original strategy, not changing it.Ed then shifts the conversation towards the psychological aspect of investing in such an environment. He stresses the importance of remaining cool-headed, noting that emotional investment decisions often lead to poor outcomes. Recognizing that all market runs eventually end, he advises investors to enjoy the growth but not become emotionally attached to it. Ed warns against the dangers of chasing performance and altering a well-diversified portfolio in pursuit of higher returns, using the late '90s tech bubble as a cautionary tale. He concludes by encouraging continued investment through dollar-cost averaging, highlighting the risks of trying to time the market and the potential to miss out on significant gains.In summary, our advice in this strong market is to appreciate the gains, continue rebalancing, and stick to your investment plan. It's crucial to prepare for all possible outcomes, recognizing that while the market's current trajectory is upward, it will inevitably shift at some point. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.

For most of us, we manage our investments with the goal of having a nice big nest egg when it's time to retire.  But we need to continue to stay invested throughout our retirement.  Often, investors are more afraid of running out of money than they are actually dying!  Today Alex Cabot and Ed Lambert of Birch Run Financial discuss how to lower that risk.Ed points out that psychologically, investors experience more anxiety around market changes right before and after retirement.  After all, the move from drawing income from a salary to drawing from investments is one of the biggest changes of your financial life.  If you retire at 65, your median life expectancy in retirement is 20 years.   And you have a 25% chance of living until age 90.  How do you make your money last? You need a growth component to your portfolio.  And while we plan for long-term market growth, we need to prepare for bumps in the road -things like the tech bubble bursting, the 2008 crisis, the "COVID Crash," and more.   Moreover, inflation is built into our economy by design.  We've seen a 2.4% core inflation rate over the last 20 years.  If you extrapolate that forward, $10,000/month in living expenses today will be $18,000 in 25 years, or $20,000 in 30 years!  You want to have enough income to live on, and in most cases, have something to pass down to your heirs.Alex speaks to the importance of diversification.  With the help of Morningstar, he looked at several different theoretical $1,000,000 portfolios over the last 25 years. Assuming a 2.4% rate of inflation, and a $40,000 annual distribution (adjusted for inflation), here's what he found. That million dollar portfolio, counting inflation and distributions, would be worth the following today, 25 years later.Stock only: $908kBond only: $360k60% stock 40% bond $1.3MT-bills: $0Alex breaks down these numbers, and explains why the diversified portfolio outperformed anything else on the list.Here's the article on diversification Alex referenced on his LinkedIn in today's episode: https://www.linkedin.com/pulse/measuring-impact-portfolio-distributions-diversified-asset-cabot/ You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.

Each year, we often take a holistic look at our finances.  Today, Alex Cabot and Ed Lambert of Birch Run financial break down what you should be looking at specifically, as we begin 2024.Alex gives us six ponts to consider:If you have an advisor, review your plan and prepare for the upcoming year.Make sure your asset allocation is balanced for your goals., timeframe, and risk tolerance.Ensure your cash is working for you  - there is yield to be found!Pay down your high interest rate debt, especially unsecured debt.Consider adding to your principal mortgage/debt payments -  or consider paying down certain debts slower!Don't pay ANY attention to market predictions for the year - a good allocation can buffer against market volatility.Next, Ed tells us how the Birch Run team is approaching this new year.  They are optimistic for the long term, but fairly neutral on 2024 specifically.   They believe technology will continue to drive growth over the next decades (as it has in the last 40 years).  Also, over the past 50 years, the S&P 500 has had a positive return in 78% of those years.   If this trend holds, you've got roughly a 3 in 4 change of gaining money this year, and a 1 in 4 chance of losing money.    The most important thing is to maintain an even-keeled approach in all types of market fluctuations.   And the benefit of working with a financial advisory team is they can  help keep you honest and take the emotion out of your money. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190.

Ed Mahaffy founded ClientFirst Wealth Management, LLC. in 2007 after more than 23 years in the wealth management industry. Prior to launching ClientFirst, he spent 6 years as a portfolio manager and independent branch manager with Raymond James Financial Services, Inc., 6 years as a vice president and portfolio manager with Merrill Lynch, and over 11 years as a financial advisor and fixed income portfolio manager with Stephens, Inc. Designated as a CERTIFIED FINANCIAL PLANNER™ professional and Chartered Financial Consultant, Ed holds a Bachelor of Science in Business Administration from The Citadel and earned his MBA from the University of Arkansas. He has had articles published in numerous publications, including Barron's magazine. In 2020, Ed was recognized by Arkansas Money & Politics Magazine as one of "2020's Best Financial Advisors.” Also in 2020, ClientFirst made Investors.com's 2020 Top Financial Advisors Firms List. Ed is a member of the National Association of Personal Financial Advisors (NAPFA) as well as the Financial Planning Association (FPA). At ClientFirst, Ed is president and senior portfolio manager.   Listen to this insightful RIA episode with Ed Mahaffy about the art of fee-only financial advising. Here is what to expect on this week's show: - How it's important to stay informed about your clients' lives and adapt to their financial plans accordingly. - Why it's vital to follow market trends and read periodicals, research papers, and whitepapers. - How the increase of interest rates could impact the bond market. - Why financial planners should be fully immersed in financial markets. - How advisors should prioritize transparency, client education, and aligning financial strategies with clients' goals and risk tolerance.   Connect with Ed: Links Mentioned: clientfirstwm.com LinkedIn linkedin.com/in/ed-mahaffy All information provided through the following presentation is for educational purposes only and does not constitute investment, legal or tax advice; an offer to buy or sell any security or insurance product. Please consult a financial adviser for more complete information based on your personal circumstances and to obtain personal individual investment advice.   Diversification and asset allocation do not ensure a profit or guarantee against loss.    Additional information, including management fees and expenses, is provided on our Form ADV Part 2 available upon request or at the SEC's Investment Adviser Public Disclosure website. www.adviserinfo.sec.gov/ Past performance is not a guarantee of future results. Learn more about your ad choices. Visit megaphone.fm/adchoices

This month, Alex, Ed, and Jag delve into the financial landscape as 2023 draws to a close. The episode, recorded on December 14, reflects on the unexpected market rally in November and the overall performance of various asset classes throughout the year.In mid-November, we discussed the possibility of peak interest rates and high portfolio returns in short periods, based on Alex and Ed's experiences over the last 15 years. Surprisingly, our predictions seemed to materialize, as November witnessed a significant market rally. However, Ed clarifies that this was more due to luck than precise prediction. He emphasizes the importance of long-term investment strategies and staying the course during turbulent times, a philosophy we consistently advocate on the podcast.Ed further explains the concept of "Goldilocks financial data," which contributed to the market's positive performance in November. This term refers to economic conditions that are neither too hot nor too cold, leading to a balanced market scenario. Inflation slowed down, and the job market softened just enough to reduce inflation without triggering fears of an imminent recession. Additionally, the Federal Reserve's dovish statements led many to believe that the interest rate hikes that began in March 2022 might be coming to an end.Alex then provides a detailed analysis of the performance of various asset classes in November 2023. Remarkably, the returns for that month alone were comparable to what would typically be considered a good annual performance. This includes significant gains in large-cap stocks, international stocks, emerging market stocks, gold, commercial real estate, and aggregated bonds. We highlight the unpredictability of such rapid rebounds and the difficulty in timing the market effectively.We also touch on the concept of recency bias, where recent market trends can unduly influence investor expectations. Alex and Ed caution against this, advocating for a balanced and diversified investment approach. They discuss the benefits of rebalancing portfolios, which helps in maintaining a consistent asset allocation over time.In conclusion, prudent asset management, diversification, and staying the course are key to navigating the financial markets.  As always, whether you are a client or not, we invite you to contact the team at Birch Run Financial with any questions you have - financial literacy for all is crucial to our mission. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190.

(All data in today's podcast is courtesy of FactSet).More economists are suggesting that the FED is done raising interest rates.  While it's important to note that past returns do not indicate future results, today, we look at some historical data to form an opinion of what might happen after interest rates have peaked.  Alex and Ed sent a note out to clients outlining what the performance of the stock and bond markets in the 12 months following the last six rate hike cycles.   They also discussed 4 periods of very high stock returns over the last 15 years that many "market timers" missed.You can request a copy of this note by emailing Alex and Ed below, and we break it down in today's podcast.Alex mentions that after 5 of the last 6 rate hike cycles, The S&P 500 generated a positive return, averaging 20.6%. And immediate term bond returns made money in all six of these periods, averaging 14.6%.  Again, this does not guarantee future returns, but it's important to look at historical data.Ed then covers 4 recent unexpected high stock return periods.  These all occurred in different environments: March 2009 during the Great Recession,  October 2011 amid economic uncertainty overseas, late 2019 after a very bad Christmas Eve, and of course most recently during the pandemic in March 2020.Why does the market rise in such times of negativity? Ed explains the psychological conditions at play here, that we've seen play out historically.As always, Alex and Ed preach the values of diversifcation and a long term plan.  And trying to "time the market" can often be catastrophic for your financial future.You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. 

In this episode of the AIA podcast, host Alex Perny of Advanta IRA welcomes Tyson Ray, CEO of FORM Wealth Advisors. Together, they discuss different financial planning options for investors. Subscribe to our YouTube channel and join our growing community for new videos every week. If you are interested in being a podcast guest speaker or have questions, contact us at ⁠⁠⁠Podcast@AdvantaIRA.com⁠⁠⁠. Learn more about Advanta IRA: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.AdvantaIRA.com/   ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Alternative Investing Advantage is brought to you by Advanta IRA. Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc.  FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice. Form Wealth Advisors is located at 431 Geneva National Ave S, Lake Geneva, WI, 53147 and you can reach the office at 262-686-3005. Advanta IRA does not offer investment, tax, or legal advice nor do we endorse any products, investments, or companies that offer such advice and/or investments. This includes any investments promoted or discussed during the podcast as neither Advanta IRA nor its employees, have reviewed or vetted any investments, persons, or companies that may discuss their services during this podcast.  All parties are strongly encouraged to perform their own due diligence and consult with the appropriate professional(s) before entering into any type of investment.

(Data in this podcast courtesy of YCharts and FactSet)Today, Alex Cabot and Ed Lambert of Birch Run Financial dive into the residential real estate market, where interest rates have climbed, but home prices remain high.Ed begins by giving us some context. From late 2019, to late 2021, prices had risen by 29% to $423,000, and interest rates had dropped to about 3%.Why haven't home prices dropped significantly despite higher interest rates? Ed explains that a lack of supply plays a significant role. The demand has decreased somewhat, but the supply has decreased just as much, keeping prices high. He uses the example of first-time homebuyers facing a challenging market.Alex takes the historical perspective, discussing how interest rates have doubled from their 10-year average post-financial crisis. He emphasizes that while today's rates seem high relative to recent years, they are not statistically anomalous in the broader historical context. He also explains the concept of home prices relative to disposable income.Alex underlines the advantage of a 30-year fixed-rate mortgage, which offers a one-way valve.  You can negotiate it down, but your bank can't negotiate it up. Your payments stay the same, but your income typically rises over time, making the mortgage more affordable in the long run. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190.

In this episode, Tyson Ray and I discuss exit planning for business owners, marrying business owners' sale with their other financial planning. Tyson is a founding partner of FORM and a financial advisor with over 25 years of experience guiding clients through life's events. Tyson is the author of Total Relationship, a book to help financial advisors fully understand their clients' needs. Tyson shares client experiences, and describes the elements of the Total Relationship, being their Life Plan, Wealth Plan, and Care Plan. Tyson emphasizes the need for early planning, succession grooming, and acquiring life insurance at a young age.Tyson received his Certification in Business Exit Planning to better support entrepreneurs and business owners in selling their business. He strives to help other business owners assess their future and business so they can monetize their life's work to enjoy a retirement they have worked hard to build.Tyson has obtained his CERTIFIED FINANCIAL PLANNER™ Certification and his Certified Investment Management Analyst® Certification to apply knowledge with expertise to help make life better for his clients. He is passionate about having a complete with his clients and wants to help positively impact the financial industry. Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc.  FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice.Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity. You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail. The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress. Selling Your Business with David King will help you take control of the sale process and make it positive one.

Over the last 18 months, the interest rate environment has changed dramatically.  And despite all the headlines, there are actually pros and cons to higher interest rates.   Alex Cabot and Ed Lambert of Birch Run explain.First, the downside.  Alex explains how higher interest rates can slow economic growth and strain households.  First,  the impact on borrowing and investment: individuals are less likely to take out loans when interest rates are up, and business may delay or scale back business plans.  This can lead to increased demand and slower economic growth.Households are also left with less disposable income when more money is going to interest, which can lead to decreased consumer spending.  Further, the housing market is particularly sensitive, with potential homebuyers hesitating jumping into the market.    Finally, small businesses can be affected as well, particularly those who rely on borrowing to finance operations and expansion.But the news is not all bad - Ed is here to talk about the silver linings of higher rates.   First, higher interest rates will slow inflation, which is good for everyone.   Also, for savers and investors, higher interest rates can be a good thing for fixed income, cash deposits, and CD's.   These rates were previously at or near 0%!  This means that investors now have alternatives to the stock market that weren't feasible just a couple of years ago.You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190.

In this episode, we talk with Steve Voss, CPA, Vice President, Business Consulting at Raymond James Financial Services.  We go over the different business structures advisors use to go independent, what happens when you bring new partners in, what happens with breakups and the effects on the partnership during those trying times.  We also go over the new buyouts that are taking place.  Steve dives into what are the main points to being successful when starting out and keeping things simple.  Hope you enjoy it!Did this podcast get you to take action in some way? I'd love your thoughts and feedback on this podcast.  I'm always looking to connect with like-minded creative people that are motivated and want to be better!  You can connect to me on LinkedIn at https://www.linkedin.com/in/evanmayer/or feel free to email me at foradvisorsbyadvisors@gmail.com. Follow us on Instagram! @ForAdvisorsByAdvisors and YouTube For Advisors By Advisors

Guest host Stephanie Maas has felt like a bad sister lately, so she places a call via The Action Catalyst to her brother, Tommy Doerfler, CPA, CFP®, CEPA®, who reminisces about going from a college dropout, to a drummer touring the country in a van, to geeking out over numbers, breaking his body in endurance challenges, living up to your own belief system, the merits of conversation vs communication, and never losing your childhood curiosity.Mentioned in this episode:This episode is presented by Lighthouse Wealth Group. *Investment advisory services offered through SageSpring Wealth Partners, an independent registered investment adviser. SageSpring Wealth Partners and Lighthouse Wealth Group are not registered broker dealers are independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Representatives may not be registered to offer securities and advisory services in all states. *Any opinions are those of The Action Catalyst and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Registered branch address / phone number: 801 Crescent Centre Drive Suite 600 Franklin, TN 37067 615-861-6103Lighthouse Wealth GroupThis episode is presented by Lighthouse Wealth Group. *Investment advisory services offered through SageSpring Wealth Partners, an independent registered investment adviser. SageSpring Wealth Partners and Lighthouse Wealth Group are not registered broker dealers are independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Representatives may not be registered to offer securities and advisory services in all states. *Any opinions are those of The Action Catalyst and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Registered branch address / phone number: 801 Crescent Centre Drive Suite 600 Franklin, TN 37067 615-861-6103Lighthouse Wealth Group

From managing employee benefits to developing a well-executed business succession plan, business owners have many important things to consider in order to keep the financial well-being of their business healthy and sustainable. In this Ignite Your Business® Podcast episode, Traci Born, Senior Financial Advisor at Raymond James, provides insight into the current economic state of the country and what business owners should consider when making financial decisions that directly impact their business. https://greencrest.com/ignite-your-business-podcast/  The branch address is: 8351 North High Street Suite 210 Columbus, Ohio 43235 The branch phone number is 614-547-1751 Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.. The financial institution and Born Investment Group, LLC are not registered broker/dealers and are independent of Raymond James Financial Services. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.   Any opinions are those of Traci Born and not necessarily those of RJFS or Raymond James.  The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.  Investing involves risk and you may incur a profit or loss regardless of strategy selected.   Membership is based on prior fiscal year production. Re-qualification is required annually.  The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of an advisor's future performance. No fee is paid in exchange for this award/rating.   The Woman of Distinction Award is designed to recognize a woman advisor that has served as a role-model to other advisors or service associates in her branch or the industry. Through mentoring and coaching, she's supported the professional growth of women by sharing her experiences, knowledge, ideas and feedback. In addition to these qualities, nominations should also include a woman who is actively involved in her community through volunteer hours, and board participation. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of an advisor's future performance. No fee is paid in exchange for this award/rating.

A Middle Tennessee Business PodcastZach Hurd is Executive Vice President/Partner at SageSpring Wealth Partners and a CERTIFIED FINANCIAL PLANNER™ professional. He helps provide clients with sound investment strategies designed to build wealth through comprehensive financial planning. Zach's integrity and commitment to excellence help him soundly advise his clients on a multitude of financial issues. His ethical approach, combined with his financial expertise, adds much to the overall financial guidance that his team provides. Zach holds the Series 7, 66, Life and Annuity Licenses and is registered as a financial advisor with Raymond James Financial Services, Inc. One extremely important aspect of our team is that we are an INDEPENDENT team. By being completely independent, our allegiance is with the client and not with any particular product- as we are not obligated to sell any proprietary funds or products. Rather, we have access to thousands of Mutual Funds, Stocks, Bonds, Certificates of Deposits, Money Market Accounts, Section 529 College Savings Plans, fifty Private Money Management Firms, and thousands of Insurance Products on the market. Zach is originally from Portage, Michigan. He graduated from Bethel University in Minneapolis, MN with a degree in Finance and Economics. While at Bethel, Zach was a member of the university's basketball and soccer teams. He currently resides in Brentwood with his wife Jourdan, daughter Hallie and son Hutton, where they are involved with his local church, Midtown Fellowship Church. In his free time, Zach enjoys spending much of his time with his family and friends, golfing, and spending time on the lake. ***Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.***Follow Zach:https://www.linkedin.com/in/zach-hurd-cfp%C2%AE-06865740/*****SUBSCRIBE/RATE/FOLLOW What's Your Problem? PODCAST:www.whatsyourproblempodcast.comwww.instagram.com/whatsyourproblempodwww.instagram.com/jimmccarthyvosTiktok: @jimmccarthyvos ____________________________________________________________________________ Random 5 sponsored by IT'S YOUR SHOW.CO!www.itsyourshow.co You know you have a lot to share with the world, but how? What's your source? At It's Your Show.co, your source is a podcast that we help you create to ultimately extract micro-content for your brand! With our 20+ years of experience in podcast, video and radio production, we can churn out a bunch of content for your social platforms...from just one episode! Get started today:www.itsyourshow.co _____________________________________________________________________________ ****You hear Jim mention it on almost every episode, ME vs. WE and how 2023 will be 1943 all over again….order “PENDULUM:How Past Generations Shape Our Present and Predict Our Future”:https://a.co/d/7oKK7Ip ______________________________________________________________________________________________ Talking about the real problems (and possible solutions) of everyday business owners and professionals in and around Middle Tennessee and beyond...this is the What's Your Problem Podcast! WYP Intro VO: @johndavidwells #podcasts #podcast #podcasting #tennessee #nashville #podcastproduction #sales #selling #business #marketing #radio #production #voiceover #vo #fitness #bni #networking #nft #nonfungibletokens #crypto #cryptocurrency #applepodcasts #businesscoach #businessideas #businesslife #businesspassion #businesstips #countrymusic #entrepreneurlife #entrepreneurship #marketing #mindset #nashvegas #nashville #nashvillelife #nashvillemusic #nashvillescene #nashvilletennessee #nashvilletn #newpodcast #podcastaddict #podcasters #podcastersofin

Today, Tes speaks with Joni Pursell. Joni is a native Idahoan and began her financial career in 1984. She is an Investment Advisor Representative and Registered Representative with Raymond James Financial Services, Inc. Joni assists clients in Wealth Management Solutions, Asset Allocation, Retirement Planning, Education Planning, Insurance and Annuities and Legacy Planning. She is passionate about her clients and helping them achieve THEIR goals. She is active in civic, business and mentoring programs throughout the Treasure Valley. She is the past president of the Women's Business Center. She served on the Board of Directors for Walkin The Talk, a non-profit organization which enhances the esteem of kids and is delivered through the school system. She is a past member of International Toastmasters She also mentors business owners Joni lives in Eagle, Idaho. She has 2 children, Shea and Chase and loves being grandma (‘YAYA') to Tegan, Langlei, Mason, Mila & Madeline (They are the cutest grandkids in the world!) She loves to ride her Harley and looks forward to one day riding cross country to Maine and eating some of that famous Maine lobster. Currently she is riding a 2020 Road Glide, fulfilling this dream. To learn more about Joni: Website: www.raymondjames.com/JoniPursell Website: www.nextlevelfinancialplanners.com Broker check: http://www.finra.org.brokercheck/ To find out about Joni's cross country ride to raise funds for Parkinson's disease: https://www.motorcyclepowersportsnews.com/woman-embarks-34-day-ride-support-drive-cure-parkinsons/

James Roumell, founder of Roumell Asset Management James Roumell entered the securities industry in 1986. Before founding Roumell Asset Management in 1998, he was a Registered Principal at Raymond James Financial Services, Inc. Roumell is a frequent contributor to Manual of Ideas Global and has been featured in such publications as Barron's, Kiplinger's, Value Investor Insight, Financial Planning Magazine, and The Washington Post. He is listed and quoted in "The Art of Value Investing: How the World's Best Investors Beat the Market." Roumell was selected to participate in, and won, two consecutive Wall Street Journal stock picking contests in 2001 and 2002. He is a Board Member and serves on the Investment Committee of Amalgamated Casualty Insurance Company. Roumell is a graduate of Wayne State University in Detroit, Michigan. Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here: https://www.gurufocus.com/membership/new/index.html#/?utm_campaign=podcast Watch the full stream: https://youtu.be/buD06DL5w7g

Sean McCurry is President of Pinnacle Family Advisors and Co-Portfolio Manager of the Pinnacle Sherman Funds. Sean founded Pinnacle Family Advisors in late 2007. Prior tofounding Pinnacle Family Advisors, Sean worked as a financial advisor with Raymond James Financial Services and also managed his own Raymond James branch office for nearly 10 years. Sean is a 1989 graduate of John Brown University. Paul Carroll is the Chief Investment Officer for Pinnacle Family Advisors and Portfolio Manager of the Pinnacle Sherman Funds. He joined PFA in November 2008. Paul began his financial services career with Wachovia Securities in early 2000 and moved to Raymond James Financial Services in 2005, prior to joining PFA. Paul graduated from Missouri State University in 1991 with a BS in Accounting. Website: https://pinnacledynamicfunds.com/ Disclaimer: Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice. There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. Investors should carefully consider the investment objectives, risks, charges and expenses of the Pinnacle Sherman Multi Strategy Core Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at pinnacledynamicfunds.com or by calling 888-985-9830. The prospectus should be read carefully before investing. The Pinnacle Sherman Multi Strategy Core Fund is distributed by Northern Lights Distributors, LLC, member FINRA. --- Support this podcast: https://anchor.fm/smartmoneycircle/support

Around middle Tennessee, it's no secret that the housing market is on a tear. For about the past decade, home prices in this area continue to climb to new records. Large corporations are bringing headquarters to our state and families from high-tax states are coming to Tennessee seeking its generous income tax policies. With all the rising home prices, many are wondering how to tap into all the equity that's being created in their home. One of the most popular ways to access the equity in your home is through a Home Equity Line of Credit (HELOC for short). In this episode we explore some of the pros and cons of obtaining a HELOC. Raymond James Financial Services, Inc. does not provide advice on mortgages. Any opinions are those of the author and not necessarily those of Raymond James.

Katie Bruno is a financial planner with Morey & Quinn Wealth Partners. What Katie brings to her financial planning practice is a gift for building relationships and genuine concern for where people are in their lives. She is experienced and interested in the capital markets while understanding that each client’s situation is unique and there is no one investment strategy that is the same for every client.While Katie serves a very diverse group of clients, she specializes in working with women who are faced with immediate financial decisions as a result of life-changing events. Her disciplined process is about meeting clients where they are, figuring out where they want to go, and creating a roadmap to meet their unique needs.Many of her clients come to her faced with the financial questions and decisions that need to be made after losing a spouse, being forced to retire, or going through a divorce. Do they have enough income to support their family? Are they able to retire, or are they on track to retire? Is their future protected? What kind of investments and insurance do they have and/or may need?Through routine communication via phone calls and meetings, Katie is always happy to explain the details and answer questions. Her educational approach allows each client to feel comfortable and confident. What sets Katie apart is her comprehensive, solution-focused approach, delivered with constant personal attention and a commitment to her clients’ best interests.Being completely focused on the client experience, she believes that everyone deserves guidance from a team of professionals, regardless of the amount of money. The real value of a professional is helping you live a better life: a Well Planned Life.Katie holds a Bachelor’s degree in Business Management and a Master’s degree in Investment Management and Financial Analysis, both from Creighton University. She is a passionate and committed leader in the Omaha community, where you can find her in leadership roles with the Omaha Jaycees, Women’s Center for Advancement, Omaha Public Library Foundation, and the Creighton University Recent Alumni Advisory Board.When Katie isn’t working with clients, she enjoys cheering on the Bluejays, reading, traveling, crafts, and spending time with friends and family.Feel free to reach out to Katie if you or someone you know could benefit from having a conversation with a grounded and personable CERTIFIED FINANCIAL PLANNER™ Professional. She is a CFP®, CDFA.TO LEARN MORE:PHONE: 402.502.9827WEBSITE: https://moreyandquinn.com/wealth-partners/katie-bruno EMAIL: Katie.Bruno@raymondjames.comLINKEDIN: https://www.linkedin.com/in/katie-bruno-cfpRaymond James is not affiliated with “Expert Profiles: Conversations with Influencers & Innovators” or Business Innovators Radio Network. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Morey & Quinn Wealth Partners is not a registered broker/dealer and is independent of Raymond James Financial Services.Source: https://businessinnovatorsradio.com/katie-bruno-cfp-cdfa-financial-peace-of-mind-is-all-in-the-numbers

Mike Hlavek is the Chief Operating Officer and Founding Partner of Concurrent Advisors, an advisor-owned partnership of independent advisors affiliated with Raymond James Financial Services, Inc., who work together to realize a common vision of creating a superior client experience while growing their own practices.  In this episode of Permission to Succeed, he and Doug … Continue reading Episode 49 – Financial Advisors Should Bet on Themselves – with Mike Hlavek →

Although purchasing your first home can seem like a scary thing, you don't have to do it alone. In this episode, David Adams Wealth Group wealth advisor, Myles Zueger, CFP® discusses his experience in purchasing his first home and some tips he feels all first time home buyers should know. Raymond James Financial Services and your Raymond James Financial Advisors do not solicit or offer residential mortgage products and are unable to accept any residential mortgage loan applications or to offer or negotiate terms of any such loan. You will be referred to a qualified Raymond James Bank employee for your residential mortgage lending needs.

Our guests for this episode are Ryan Cloninger and Zach Tussel, Co-Founders of the Young Professionals Group in Lincoln County. In this abbreviated but extremely informative interview, Ryan and Zach share information about their background, their experience, what brought them to Lincoln County, and highlight the benefits and the mission of the Lincoln County Young Professionals Group. Ryan and Zach also talk about the reasons why the Young Professionals Group was started, what makes the group different, and the future plans of the group. To learn more about the Lincoln County Young Professionals Group, please reach out to Ryan or Zach directly or join the group on Facebook at Lincoln County Young Professionals. Contact Information regarding our guests:Ryan Cloninger REALTOR®, Cloninger Properties & Keller Williams Realty7585 NC Hwy 73 Suite G, Denver, NC 28405RyanCloninger.KWRealty.com704-877-0024Zachary W. Tussel, Financial Advisor, Raymond James Financial Services, Inc. 2326 N. Hwy 16 Business, Denver NC 28037Office: 704-483-8500, Fax: 704-483-8544Information regarding our sponsors:Mike Bagwell with Enders Insurance can be reached through email at MBagwell@EndersInsurance.com, on his cell at (704) 489-3650, on Facebook at https://www.facebook.com/MikeBagwellEndersInsuranceAdvisor/, and on Linked In at https://www.linkedin.com/in/mikebagwellriskmanager/. Hanna Schoenrock, the owner of WriteWell Services, can be reached through email at hanna@writewellservices.com, on her cell at (704) 956-6523, and on her Facebook business page at https://www.facebook.com/WriteWellServicesBuzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

Tom Peterson is a Financial Advisor with Raymond James Financial Services in Clearwater, Florida and a Certified Financial Planner. If you’re looking to set yourself up for financial success, this is the episode for you! You’ll learn about the wake up call that COVID-19 gave him, how to start building wealth when you're young step by step, which debt you should pay off first, traditonal IRA accounts vs. Roth IRA accounts and when to use what, what to consider when buying a house, the 28/36 rule and his 3 money habits to get to his best financial self. _____ In this episode, Learn about: 4:35 - 7:12: Economic impact of COVID-19 on small businesses 7:42 - 9:03: Reevaluating personal finances in the wake of COVID-19 9:46 - 10:41: Setting up a Rainy Day Fund - 3-6 months of expenses saved 11:04 - 14:14: What Debt to pay off first 19:09 - 19:51: Find one source for your finance information  23:30 - 25:02: Explaining 401Ks and retirement accounts  25:39 - 27:01: Roth IRA vs. Traditional 401K tax advantages 31:32 - 33:18: House buying tips— budget vs. expenses, identifying the fluff.  42:31 - 43:04: What can I do with my cash vs. what can I do by putting a bigger downpayment on my mortgage  43:32 - 46:09: Investing — thinking of it as gambling more than investing when you get started. “Buy when others are fearful and sell when others are greedy”  _____ Tom’s 3 Money Habits to get closer to his best financial self: 1. Spend money heavily on the things and experiences that you really really enjoy and cut costs immensely on the things you really don’t care about 2. Automate your finances and savings 3. Educate yourself on finances

Former UBS advisor Lori Siegel CFP of Centrix Wealth Partners talks about her first year of independence, forming Centrix Wealth Partners with Raymond James Financial Services, and how the ability to control their own destiny was a powerful driver.

Former UBS advisor Lori Siegel CFP of Centrix Wealth Partners talks about her first year of independence, forming Centrix Wealth Partners with Raymond James Financial Services, and how the ability to control their own destiny was a powerful driver.

Mortgage Decisions During Divorce with Erica PowersMelissa Joy is joined by Erica Powers to talk about mortgage decisions during divorce. Erica is a licensed mortgage banker with NMLS #739673 at Level One Bank member FDIC and an Equal Housing Lender, with locations in  southeast Michigan including Ann Arbor and Detroit. She works with clients around the country.We discuss:· How do you make a payment fit into your budget when going through a transition or change?· The value of a relational mortgage banker.· Why it's important to establish 6 months of demonstrable income or cash flow for employment, spousal support, etc.Resources:· A budget worksheet during divorce from Pearl Planning· Get in touch with Erica Powers on LinkedIn or FacebookRaymond James is not affiliated with and does not endorse the opinions or services of Erica Powers Level One Bank. Raymond James Financial Services, Inc. does not provide advice on mortgages. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.--- Send in a voice message: https://anchor.fm/52pearls/message

Financial advisor and radio host David Adams is a CERTIFIED FINANCIAL PLANNER™ professional and CPA in Nashville, Tennessee. As President of David Adams Wealth Group, LLC, an Independent practice offering securities through Raymond James Financial Services, Inc., David is dedicated to helping his clients live well and retire, too. For more than 15 years, David has been committed to the financial well-being of his clients, and now more than ever, David is dedicated to changing an industry he feels is broken. His passion for the business centers around helping people restore vital balance and financial strength through life’s many transitions- selling a business, loss of a loved one, marriage, divorce, retirement, etc. Thanks for listening and keep thriving! Show notes: www.SpenserLiszt.com/blog/TMP40 4 Simple Steps to Save an Emergency Fund (FREE PDF Download): www.SpenserLiszt.com/EmergencyFund Join the Thriving Musicians closed Facebook group: www.Facebook.com/groups/ThrivingMusician Email questions, comments or nominate a Thriving Musician to spenser@spenserliszt.com Follow Spenser online: Facebook: www.Facebook.com/SpenserLiszt Twitter: www.Twitter.com/SpenserLiszt Instagram: www.Instagram.com/SpenserLiszt

Have you ever wondered if you were in the right job or not?  Or maybe you know the answer to that question already, but don’t know how to make the next move.  Chris Czarnik, an expert on career optimization and job search, joins Mike and Patrick for an in-depth look at optimizing your career, and how to seek out and receive your best value. Links:  https://myhumansearchengine.com/   www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

The years leading up to retirement can be some of the most stressful of our financial lives as retirement represents a significant change in how we live our day to day lives. Join Mike and Patrick as they discuss some of the difficulties of being in the retirement red zone and how you can make certain changes ahead of time to help alleviate some of the stress.   www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

What can we do to get through all the noise and find the things that really matter? In today's era of media and news every story is viral and available at our fingertips within seconds. But just because we have availability doesn’t make the information relevant to our lives. Join Mike and Patrick as they discuss how to follow the news and where to find it.   Sources: https://www.cnbc.com/2017/08/09/even-if-you-bought-just-as-the-global-financial-crisis-erupted-10-years-ago.html     www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.Any opinions are those of Financial Advisors Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed.

Having a baby can change your perspective on life. This often means reassessing your financial situation and monthly spending. Mike and Patrick dive into some of the categories you should evaluate when growing your family.   Sources: https://www.cbsnews.com/news/planning-for-a-family-how-to-start-saving/  https://www.usda.gov/media/blog/2017/01/13/cost-raising-child https://www.cnpp.usda.gov/sites/default/files/crc2015.pdf https://www.ssa.gov/oact/NOTES/ran6/an2018-6.pdf   www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Any opinions are those of Financial Advisors Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Financial advisor and radio host David Adams is a CERTIFIED FINANCIAL PLANNER™ professional and CPA in Nashville, Tennessee. As President of David Adams Wealth Group, LLC, an Independent practice offering securities through Raymond James Financial Services, Inc., David is dedicated to helping his clients live well and retire, too. He has also written a new book called The Currency of Time.

From the simple to the complex, annuities and their various forms are one of the most misunderstood products in the financial services industry. Because of this misunderstanding, annuities have often been oversold and received a bad reputation. Join Mike and Patrick as they discuss what an annuity is and how they can sometimes be a good fit. Sources: https://www.thinkadvisor.com/2013/01/30/ruark-study-annuitization-rates-are-below-5-percen/?slreturn=20181126164634 www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Rising healthcare costs and coverage options continue to be a hot topic for most Americans as they try to decipher what is best for their families. Mike and Patrick sit down to discuss healthcare sharing ministries, what they offer and don’t offer, and why it might be a good fit for you and your family. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Any opinions are those of Michael Macco and Patrick Stoa and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete.  Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse the entities mentioned in Podcast. Health Insurance or Health Insurance alternatives are not offered through Raymond James. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Being a business owner doesn’t just involve being a good practitioner of one’s craft. Are many business owners experts in their chosen field? Absolutely. But running a successful business often involves having a better-than-average understanding of finances, budgeting, logistics, communication, strategic planning, marketing, human resources, and so much more. In this episode of Inglorious Finance, Patrick and Mike introduce some of the financial implications of business ownership and how business owners can plan for financial stability, a happy workplace and eventually, their own profitable succession. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

You don’t have to look too hard to find a news article regarding the Social Security Program and its flaws. But how did we get to where we are today and what can be done going forward? Join Mike Macco, Patrick Stoa, and special guest Scott Stolz Senior Vice President from Raymond James as they discuss some of the hottest topics regarding the Social Security Administration. www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Any opinions are those of Mike Macco, Patrick Stoa, and Scott Stolz, and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed. It is general in nature and is not a complete statement of all information necessary for making an investment decision. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Are you stepping into the house market for the first time? Listen in, as Mike and Patrick discuss the home buying process, from whether you should own or rent, features to consider, and a bonus bad neighbor story! Stay tuned to the end, as we discuss how to think about your mortgage as well. https://www.maccofinancial.com/blog/is-your-house-sabotaging-your-retirement www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Any opinions are those of Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed. Raymond James Financial Services, Inc., and your Raymond James Financial Advisor do not solicit or offer residential mortgage products and are unable to accept any residential mortgage loan applications or to offer or negotiate terms of any such loan. You will be referred to a qualified Bank employee for your residential mortgage lending needs.

Mike and Patrick share their thoughts on the basic financial steps a young person can take to prepare their financial foundation.  As the conversation grows, they expand the conversation to the transition time when it maybe makes sense to engage a financial planner.  Stay tuned to the end, to hear just how easy (maybe even pleasurable?) the process can be. https://www.maccofinancial.com/smartvestor-pro https://www.maccofinancial.com/blog/is-your-house-sabotaging-your-retirement If you want to get the process off the ground: Get Started www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Have you ever had a hard time making an important financial decision, or later discovered you made a major mistake? Join Mike and Patrick as they talk about several well-known, but perhaps not well understood, aspects of behavioral finance. Stay tuned to the end, as this episode may make you ponder the objectivity of your own decisions!     Resources: https://www.wsj.com/articles/impatient-investors-get-caught-in-the-return-gap-1525658940 https://www.kitces.com/blog/datapoints-building-wealth-assessments-sarah-fallaw-thomas-stanley-millionaire-next-door-book/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=Michael%20Kitces&utm_content=Predicting%20Wealth%20Building%20Behavior%20With%20DataPoints%20Assessment%20Tools https://ofdollarsanddata.com/be-careful-what-you-choose-dd3cf7b45dd9 www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Have you ever wondered how to teach your kids about money?  Perhaps you have wondered if you are missing an important lesson?  Join Mike and Patrick as they share their own experiences and stories.  Not only will their share some of their own history growing up, but also how they are teaching their own children right now, with kids ranging from pre-school to college age.   Resources: https://www.daveramsey.com/blog/how-to-teach-kids-about-money http://wimedialab.org/finance/ https://www.parents.com/parenting/money/family-finances/teaching-kids-about-money-an-age-by-age-guide/ https://www.mint.com/ultimate-resources-for-teaching-kids-about-money www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

When you know, you know, but what about all the things that happen after asking the question? Mike, Patrick, and Andrew sit down to discuss some of the financial implications of getting married. They also share some of their experiences and tips for couples planning a wedding as well as just starting out in their marriage. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Patrick and Mike discuss the human realities of aging, sharing real life examples from their own families. They focus the conversation around three key questions developed by the research team at the MIT AgeLab. Key resources are available with this podcast, to help you strike up this important conversation within your family. Additional Resources Quality of Life Worksheet To a Long and Healthy Retirement The Apps, Sites & Devices Changing the Way We Age Three Questions That Can Predict Future Quality of Life   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James is not affiliated with and does not endorse the opinions or services of the MIT AgeLab.

There are a number of important steps involved in buying a car. In this episode, Mike and Patrick get into the weeds of the car buying process to help you become an informed consumer. From researching vehicles, getting rid of your old one, fees involved in buying a car and the math and logic behind paying cash, leasing or financing your next vehicle. Lease Report   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. These services are not offered through Raymond James. The information in the podcast has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of the speakers and not necessarily those of Raymond James.

Whether you are close to retiring or 30 years away, it’s hard to envision living into your 90’s. But with life expectancies continuing to rise, this can be one of the most crucial factors in retirement planning. Join Mike Macco and Andrew Froelich as they discuss how Social Security, long term care, and Medicare can all play a role in planning for a long life.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Long Term Care Insurance or Asset based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½, may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. Please consult with a licensed financial professional when considering your insurance options. These policies have exclusions and/or limitations. The cost and availability of LTC insurance depend on factors such as age, health, and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of LTC insurance. Guarantees are based on the claims paying ability of the insurance company. Changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James Financial Services advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Everyone knows the stock market was great in 2017, but where will it go from here? Patrick and Mike discuss the major themes of the US economy looking into 2018, and reveal the potential thorns that could slow things down. They also take an in-depth look how the new tax law changes might affect you. Notes: 2018 Withholding Tables https://www.irs.gov/pub/irs-pdf/n1036.pdf Average savings for various income levels http://www.businessinsider.com/trump-tax-plan-senate-take-home-pay-changes-every-income-level-2017-12 www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James Financial Services advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

When you’re ready to save, it’s hard to know if you should contribute to an IRA before taxes or to a Roth IRA after tax. Join Patrick and Mike as they shed some light on this topic and discuss what a 401(k) loan is and whether you should do it.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Dave Patchen is Senior Vice President, Education & Practice Management, at Raymond James Financial Services. Formerly an advisor, independent contractor, recruiter, and regional director, he has now accumulated over 3000 hours of one-on-one coaching with advisors over the last 12 years. Dave is frequently […] The post Dave Patchen on Making Meaningful Connections appeared first on Becoming Referable.

You know you need life insurance. But how much? Which kind? And for how long? Mike and Patrick share their opinions on how to address the financial risks associated with death and whether life insurance can also be an investment.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

With just a few days left to the year, what better time to finish your year-end gifting and set your sights on a prosperous 2018! Join hosts Patrick Stoa and Mike Macco as they discuss various ways to give and their easy tips on improving your personal financial situation.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

You have undoubtedly heard about the hot “cryptocurrency”, Bitcoin. But what is it? And what will become of it? Financial advisors, Mike Macco and Patrick Stoa discuss just that, as well as how criminals and governments feel about it and how it compares to our traditional monetary system.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, ad a potential total loss of their investment. The prominent underlying risk of using bitcoin as a medium of exchange is that it is not authorized or regulated by any central bank. Bitcoin issuers are not registered with the SEC, and the bitcoin marketplace is currently unregulated. Securities that have been classified as Bitcoin-related cannot be purchased or deposited in Raymond James client accounts.

The US Department of Labor's Conflict of Interest Rule - dubbed the "Fiduciary Rule" - is slowly taking effect. Join Patrick and Mike as they discuss what it means to be a fiduciary & what it means to investors.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Mike & Patrick enjoy a Spotted Cow a delve into where markets are, where we think they're going and what you should do about it. View/Download JP Morgan's Guide to the Markets for Q4 2017.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Inclusion of these indexes is for illustrative purposes only. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance does not guarantee future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Diversification and asset allocation do not ensure a profit or protect against a loss.

Jim Roumell, President of Roumell Asset Management in Chevy Chase, Maryland, discusses what failure taught him — lessons learned from two decades of building an investment firm. Mr. Roumell entered the securities industry in 1986. Before founding the firm in 1998, he was a Registered Principal at Raymond James Financial Services, Inc. Mr. Roumell was selected to participate in, and won, two consecutive Wall Street Journal stock picking contests (in 2001 and 2002) before the contest was discontinued. Mr. Roumell has been featured in such publications as Barron's, Kiplinger's, Value Investor Insight, Financial Planning Magazine, and The Washington Post. Mr. Roumell is also listed and quoted in The Art of Value Investing: How the World's Best Investor's Beat the Market. He is a graduate of Wayne State University in Detroit, Michigan. He is married with two children (one living/working in Denver, CO and the other still at home) and lives in Chevy Chase, MD.

If you're like me, email is a huge part of your work day and even your life. It doesn't have to be. In this episode, I talk about my latest productivity project that enabled me to get my inbox from 54,000 emails down to zero. Twitter: @ManCardU Email: ManCardUniversity@gmail.com -------------------------------- This episode sponsored by Macco Financial Group, Inc. Visit their website at www.MaccoFinancial.com or visit their YouTube channel at www.YouTube.com/MaccoFinancial. Macco Financial Group is an independent firm, located in Green Bay, WI Phone: (920) 617-6830. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc.

Some of you may be searching for ways to become the best father and/or husband you can be. This week I chat with founder and host of the Dad Tired podcast, Jerrad Lopes, to talk about practical advice for men looking to be better leaders in their home. Twitter: @ManCardU Email: ManCardUniversity@gmail.com -------------------------------- This episode sponsored by Macco Financial Group, Inc. Visit their website at www.MaccoFinancial.com or visit their YouTube channel at www.YouTube.com/MaccoFinancial. Macco Financial Group is an independent firm, located in Green Bay, WI Phone: (920) 617-6830. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc.

When it comes to men and their children's schooling, the general consensus is that they have no idea what they're doing. We want to change that, but this episode isn't going to accomplish that. This week, Eric and I sit down and critique some online back to school advice, despite not having any kids in school. Twitter: @ManCardU Email:ManCardUniversity@gmail.com ------------------------------ This episode sponsored by Macco Financial Group, Inc. Visit their website at www.MaccoFinancial.com or visit their YouTube channel at www.YouTube.com/MaccoFinancial. Macco Financial Group is an independent firm, located in Green Bay, WI Phone: (920) 617-6830. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc.

With the start of the NFL season comes the start of the fantasy football season. This week I sit down with 16-year fantasy veteran Burgess Huntley to talk about the best ways you can research and plan for your upcoming fantasy football draft. Twitter: @ManCardU Email:ManCardUniversity@gmail.com ------------------------------ This episode sponsored by Macco Financial Group, Inc. Visit their website at www.MaccoFinancial.com or visit their YouTube channel at www.YouTube.com/MaccoFinancial. Macco Financial Group is an independent firm, located in Green Bay, WI Phone: (920) 617-6830. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc.

Pat Council shares 4 specific things that will destroy fertile ground for wealth and how to turn them around and start building wealth. With these tips and techniques you can start shifting your mindset and you will be amazed and excited at how quickly your wealth situation can transform in one of constant flow.  Also, Mario J. Payne from Raymond James Financial Services will share some tips for making your holiday budgeting easier.  The more you pay attention to your finances, the wiser decisions you will make.  Start planning better and watch your finances grow. Find out more about the "2016 Power Achievement Team". Click Register to receive our new "Power Up Nation Express" Newsletter. Click  

Have you been putting in the work, but not achieving on the level you desire? Pat Council will share one simple thing that could be holding you back from crossing the finish line as it relates to your personal goal achievement.  Find out what love your enemies is really all about and shift success energy in your favor.  Get reasons to make the changes necessary to win and receive what you have always wanted for you life.  Find out why you are truly build by design to win.  Also, get some safety travel tips from Mario J. Payne of Raymond James Financial Services, Inc.  Be wise in your holiday travel and keep the love and fun going throughout the season. Register free to receive the Design A Lifestyle, Newsletter. Click here.  Click here for Mario's Financial Planning Newsletter. Click here.

Desire is not often thought of as a key to wealth, but when used properly it can unlock the door to a lifestyle of wealth and prosperity.  Pat Council will share how to understand desire and use it to unlock your gifts and talents.  Also, Mario J. Payne of Raymond James Financial Services will share tips for reducing retirement risks.  Start planning now for the future. Register for "You Are a Powerful Masterpiece". Click

There are things you can do that will increase your wealth and some of them have nothing to with a job or business.  Pat Council will share ways to improve your lifestyle, immediately that can lead to you creating the energy that will help you produce the wealth you desire.  Find out how to set the tone for a quality lifestyle and start building true and lasting wealth.  Also, Mario J. Payne of Raymond James Financial Services will share information that will help you feel more confident about the stock market. See a Morning Daily Power Routine Register to Win $5000 Manage your Self-Talk (Book I used to shift my thinking)

One of the biggest obstacles to achieving wealth is how we manage our daily lives and how we manage our self when it comes to challenges we encounter.  Pat Council shares 5 specific strategies you can use to improve on self-management, that will open the door for you to increase personal wealth.  Also, Mario J. Payne of Raymond James Financial Services, will share tips for preparing for the next phase of your life on the journey to retirement.    

READ MY LIPS' akaRadioRed goes beyond the typical blah-blah-yada-yada canned interview, engaging new authors in spontaneous conversations. Tune in!   It's never too early to develop a financial plan for your retirement years. But if you're putting the wrong person in charge of it or you think it's a simple DIY [Do It Yourself] project, hold that thought until you hear Rodger Alan Friedman, author of Forging Bonds of Steel: How to Build a Successful and Lasting Relationship with Your Financial Advisor. Rodger is a Managing Director, Founding Partner at Steward Partners Global Advisory and Wealth Manager at Raymond James Financial Services in the Washington D.C. Metropolitan area. He will address the retirement planning mistakes he's observed over the years: Not understanding the real risks in retirement … Not knowing when to begin receiving social security distributions … Not doing your homework before retiring out of state … and more. www.ForgingBondsOfSteel.com   Your handwriting –  particularly your signature – tells people EVERYTHING about you, including your secret personality traits. If you don't believe this is possible, tune in to hear David "Doc" Grayson, Ed.D., considered the world’s leading handwriting authority. He’s appeared on CNN, ABC and NBC and has worked with companies, police departments, and lawyers. A teacher for 40+ years, he is the author of “Handwriting Secrets Revealed: The Book of Handwriting Analysis.” More info: http://handwritingsecretsrevealed.com  

In 2014, 21-year-old Caitlyn Ricci took her divorced parents to court to force them to pay her college tuition and she won. The judge ruled that of her $26,000 annual bill, Caitlyn was to pay just over $9,000, her dad was to pay 60% of the balance and her mom the rest. Mom and dad are appealing the decision.In media reports, general public opinion seems to be against Caitlyn in support of her parents arguing that they have no obligation to pay for Caitlyn’s college and that Caitlyn needs to get a job.Caitlyn’s situation doesn’t automatically apply to other divorced parents but the case highlights an often contentious area in divorce negotiations. And since there’s almost always less money after divorce, single parents are frequently faced with some hard decisions around paying for their child’s college education.Joining Mandy to share their experience around divorcing parents and paying for college is financial advisor and Certified Divorce Financial Analyst, Jamie Sladky, and retired magistrate and mediator, Simon Mole.Jamie Sladky is a financial advisor and Certified Divorce Financial Analyst with Raymond James Financial Services, Inc. Member FINRA/SIPC.