Podcasts about roboadvice

Louis van der Merwe is the Director of Wealthup, an independent advice practice based out of Cape Town, South Africa that oversees the U.S. equivalent of almost $600 million in assets under management for 115 households. Louis and his partner initially developed a robo-advice technology prototype that automated client services, but after it failed to gain traction, they pivoted to a “fully human” financial planning practice instead. Listen in as Louis shares his journey of developing—and then pivoting away from—the robo-advice prototype that he built with his partner, as well as why he ultimately decided to leave the firm he was at after they refused to purchase the prototype despite being interested in it. We also discuss why Louis feels that his young age gave him an advantage when starting his own firm, why he feels that running his firm is just as challenging today as it was when he first started, and how his definition of success has changed from the early days of his career. For show notes and more visit: https://www.kitces.com/303

In this conversation, we chat with Aaron Klein, the co-founder and CEO at Riskalyze. Aaron's career has largely been at the intersection of finance and technology. As co-founder and CEO at Riskalyze, he led the company to twice being named one of the world's top 10 most innovative companies in finance by Fast Company Magazine. Today, over 200 Riskalyzers serve thousands of advisors who have aligned the world's investments with millions of investors' Risk Numbers®. Aaron has served as a Sierra College Trustee, and in his spare time, he co-founded a school project for orphans and vulnerable kids in Ethiopia. Investment News has honored him as one of the industry's top 40 Under 40 executives. More specifically, we touch on the journey of entrepreneurship, Political campaign fintech and website development, roboadvisors vs. automated trading rebalancing, the future of wealth management and financial advice, and so so much more!!

In this conversation, we chat with Aaron Schumm, the Founder and CEO of Vestwell, an entirely new kind of digital retirement platform transforming the way plans are offered and administered — for the benefit of advisors, employers, and employees alike. Prior to founding Vestwell, Aaron was a co-founder of FolioDynamix, a wealth management and advisory services company that powered $800 billion in assets for over 100,000 advisors. At FolioDynamix, which was sold to Envestnet in 2017, Aaron oversaw the strategy, revenue, marketing, customers and product. Aaron holds a B.S. degree in finance from the University of Illinois and an M.B.A. degree from Duke University, The Fuqua School of Business. He was named as one of 40-under-40 by InvestmentNews and WealthManagement.com's “10 to Watch” More specifically, we touch on all things 401ks, IRAs, Portfolio Balancing, Roboadvice in portfolio management, and so so much more!

According to Statista – assets managed by robo-advisors globally is expected to grow at an annual rate of 26%. It is projected that over the next four years, we will see ~ $25 billion invested via Roboadvice platforms!  In this episode we chat with Pat Garrett the Co-Founder and Co-CEO of Six Park to chat about what Robo Advice is, the marriage between technology and human advice and where things are heading in this fast evolving space.

Reviewing the first half of 2020 so far. Topics covered;COVIDInvesting in techThe similarities between 2020 and 1968Rebalancing portfoliosLifestyle creepSporting industriesThis episode is brought to you by Six Park. Click here to take the free risk assessment and to receive your free investment recommendation www.sixpark.com.au

What are your financial goals? What are your biggest concerns? Do you have a concrete plan to address your concerns and achieve your goals? In this episode, Mark talks with Cynthia Loh, vice president of digital advice and innovation at Schwab. Together they look at some proprietary empirical data involving the goals—and the biggest concerns—of real investors in the hopes that these lists might spur some thinking about your own situation and what matters most to you.You can learn more about the fresh start effect by listening to this episode of Choiceology with Katy Milkman and guest Richard Thaler, winner of the Nobel Prize in Economics.Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.  Important Disclosures:Please read the Schwab Intelligent Portfolios Solutions™ disclosure brochures  for important information, pricing, and disclosures related to the Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium programs.Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios Premium™ are made available through Charles Schwab & Co. Inc. (“Schwab”), a dually registered investment advisor and broker dealer. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. (“CSIA”). Schwab and CSIA are subsidiaries of The Charles Schwab Corporation.Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios Premium™ are designed to monitor portfolios on a daily basis and will also automatically rebalance as needed to keep the portfolio consistent with the client’s selected risk profile. Trading may not take place daily.Diversification, automatic investing and rebalancing strategies do not ensure a profit and do not protect against losses.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Investing involves risk including loss of principal.Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Google Podcasts and the Google Podcasts logo are trademarks of Google LLC. Spotify and the Spotify logo are registered trademarks of Spotify AB. (1119-9D60)

Ted Richards famous defender for the Sydney Swans, behavioural economist and now Business Development Manager at Six Park, helps first-time investors tackle the biases that may be affecting their investment decisions. Ted introduces us to the low-fee world of robo advice and explains the difference between Bonds undies and Corporate Bonds. Join me in this roving interview as Ted joins the Shares for Beginners team.Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investment based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation.

Your willingness and ability to take on risk in your portfolio has a significant effect on how your portfolio performs. However, perceptions of risk can be skewed by overconfidence, affective forecasting errors and other biases. In this episode, Mark Riepe explains how people’s tolerance for risk differs on a cognitive and emotional level, as well as how “risk capacity” is a more objective matter. Tobin McDaniel, Schwab’s SVP of Digital Advice and Innovation, joins Mark to discuss how investors view risk in real-world situations, and how they respond to changing market conditions. You can read more about risk capacity in this article by Season 1 Episode 2 guest Rob Williams. Risk-taking and realized versus paper losses is explained in this article from American Economic Review. Subscribe to Financial Decoder for free on Apple Podcasts or wherever you listen. Financial Decoder is an original podcast from Charles Schwab. If you enjoy the show, please leave us a ★★★★★ review on Apple Podcasts. Important Disclosures: Please read the Schwab Intelligent Portfolios Solutions™ disclosure brochures for important information, pricing, and disclosures related to the Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium programs. Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios Premium™ are made available through Charles Schwab & Co. Inc. ("Schwab"), a dually registered investment advisor and broker-dealer. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. ("CSIA"). Schwab and CSIA are subsidiaries of The Charles Schwab Corporation. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market. Investing involves risk including loss of principal. Hypothetical examples are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. Past performance is no guarantee of future results. The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc. Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Google Podcasts and the Google Podcasts logo are trademarks of Google LLC. Spotify and the Spotify logo are registered trademarks of Spotify AB. (0419-96JD)

Brooke Roberts joins us today to discuss the sharemarket - lowering barriers of entry to an historically restrictive market. Why should those with $50 not have the same opportunities as those with $500k. Brooke joins host Darcy Ungaro and the mysterious 'Pumpkin' as they ponder this question, as well as others Brooke Roberts is a co-founder and CEO of Sharesies. Sharesies aims to give someone with $5 the same investment opportunities as someone with $500,000. Sharesies removes the high investment buy-in and financial jargon that surrounds the investment industry. Their philosophy is that people should be able to invest regular amounts that they can afford. Recently celebrating a year since Sharesies launch, they now have over 21,000 customers who have invested over $22m. Brooke has a Masters of Finance with Distinction and previously managed Kiwibank's saving, transactional and investment portfolio and led Xero's global ecosystem development. https://www.sharesies.co.nz Where to find Darcy Ungaro: Ungaro &Co (registered) financial advisers https://www.ungaro.co.nz Facebook: https://www.facebook.com/UFinServ/?ref=bookmarks Instagram: https://www.instagram.com/ungaro.co.nz/ NZ Everyday Investor Podcast: https://www.facebook.com/NZ-Everyday-Investor-338969376637717/ https://NZEverydayInvestor.com We're keeping it real on NZ Everyday investor - we're not journalists and this isn't an interview - it's a discussion. If you like what we do, remember to subscribe to our show and share it with others - we'd really appreciate it! You know what else would be really spliffy? Write a review on facebook too!

This week look at the world of technology in more detail. Everyone seems to be talking about Roboadvice, the changing world and how brokers are going to stay relevant. How are the needs of customers changing, are we ready to deal with their requirements of anyplace, anytime and anywhere? We also discuss the new breed of online brokers and ask whether the FCA’s latest Competition Review and its focus on Execution Only is part of a wider technological push. To make sense of it all we have James Tucker, MD of 27 Tech and Matt Lowndes, Coreco's very own tech guru and MD.

Mary Sterk is the Founder of Sterk Financial Services and Best Selling Author of Ready to Pull the Retirement Trigger which you can find on Amazon, Books A Million and in your local bookstores.   Mary is a Financial Planner who helps her clients grow money and know what to do with it once they have more.     Old Story: Single-Mom with Two Kids on Welfare, Food Stamps and Low Income Housing New Story: Wealth Management Guru   LEARN HOW A SINGLE MOM WITH TWO KIDS GOT OFF WELFARE By age 19, Mary was a single-mom with two kids who bought her food on welfare and bought her food stamps and lived in low income housing. Decisions she had to make when it came to money was between buying diapers and food.   Mary realized people in this setting had been there for a long time and they were not creating something better for themselves or their families. She wanted something better. Mary went on a journey to learn how money works.   She went to night school while working full-time during the day while raising her children. Mary ended up earning her Certified Planning Designation where she has worked in her career for the last 25 years.   WHAT IS A HOLISTIC FINANCIAL PLANNER? Mary helps client look at their finances, invest their money and understand they aren’t just their balance sheets. She looks at them as a whole person not just their finances. She loves helping people align their financial picture with the life they want to lead.   Financial plans have to come back to the life you are most excited about living.   Mary says, “Every financial planner out there will have different graphs and charts and numbers, that is all part of it. When looking at retirement planning, it must be approached like a three-legged stool.”   Mary explains this concept: The first leg is emotional readiness. There is a big difference between working and not. The second leg of the stool is health and long term care issues. The third leg is the financial side of it. All three legs must be addressed for a well-balanced stool.     MONEY BUYS YOU CHOICES Money buys more choices! If people don’t have money, their choices are more limited. Choices can be things that are wanted, experiences to have or the feelings clients want to create.   For example, Mary will often ask people how they want retirement to feel? Her clients might say connected, generous and creative. So this is a clue as to what they will want to spend money on. In their retirement budget, money will need to be allowed to do those things.   DO YOU KNOW WHY YOU INVEST? When there is a reason to invest money it is much more successful than to invest money to have a pile of money. Having a pile of money just to have money is not the goal.   THE RETIREMENT MYTH What does it take to start investing? People often think they have to have a certain amount of money to start investing. This is perpetuated that some financial planners will not work with people until they have an asset balance of $100K, $500K or more. The truth of it is, you can learn anything you want about investing online today or buy a book.   You only need a little bit to get started - a minimum of $25/month.   There are companies out there that are RoboAdvice where you can line up your risk levels to a set of questions and they’ll give you a automatic pre-planned set of investments. This is low-cost and caters to people who have smaller dollar chunks to start with. Google $25/month investments, RoboAdvice or contact an investor for a free value assessment meeting.   This just requires you to make the choice to do it.   ARE YOU NERVOUS TO SEE YOUR TRUE FINANCIAL NUMBERS? This is a common emotion no matter how much money you have. It is not about the dollar amount it is about the scope of what it is necessary to help you along your journey. It is not the size of your portfolio, it is the size of your issue. Judgement doesn’t fall into this!   DO YOU KNOW WHAT TO LOOK FOR IN A FINANCIAL ADVISOR? Most financial planners get paid in three ways: Commission Fee Hourly Rate   A hybrid advisor is one that gets paid in all three ways because they have access to investment vehicles. What investors deserve is transparency in how their financial advisor charges. This allows the investor to make decisions on who they work with and how services are performed. There are certain financial vehicles that only fall into one of the three ways.   A commission only advisor, this is your first red flag. Their mission in life is to sell you a financial product. Most humans are not looking to buy an financial product. People are looking for strategy or advice.   Fee-only advisors will charge a fee for planning and charge a fee for managing assets. They tend to have a stronger alignment with their clients because whatever their client needs, they are likely to be able to provide while getting paid for their time and expertise.   Fee-Based or Hourly-Fee is the best. What one gets in hiring a financial planner in this way is time, experience and expertise for writing a customized financial plan tailored to individual specific needs.     You want an investment advisor who can select services and products carefully and will honestly and straightforwardly explain how they get paid for those services.   WHEN DOES IT MAKE SENSE TO GET AN INVESTMENT PROFESSIONAL? People can invest on their own. Most don’t feel comfortable doing it though.  There are some steps one can take before hiring an advisor, but again this is only optional advice. Have an emergency fund as your first priority. Contribute to a 401(k) so that you can get the company-matching funds (free money). Fully fund a Roth IRA. Consider seeing a financial planner.   LEARN AOBUT MARY'S BOOOK "READY TO PULL THE RETIREMENT TRIGGER" Her book is ideally for people within 5-10 years of retirement.  She intentionally wrote it as a short read so it is not intimidating or scary. This allows people to know what to do before they make the choice that work is optional.   It advises you on what you need, discusses health, emotional balance and money matters. This book is really a roadmap of how to retire for Do-It-Yourselfers and also how to hire a Financial Planner. As a great companion to this book, Mary has a Strategic Retirement Tool Kit on her website. This toolkit includes the tools that you’ll need and has resources that the book mentions.   Mary and her team like to make life simple for their investors. They have their availability online to allow investors to set up a time that is convenient for them.  Your first appointment is always free because they love to elevate financial education of others.   Be brave and schedule  your appointment. Knowledge is power. Money is a subject that is taboo to talk about in most circles but Mary and her team make it easy to get expert advice.   RESOURCES: Ready to Pull the Retirement Trigger https://www.amazon.com/Ready-Pull-Retirement-Trigger-Confidence-ebook/dp/B01I0RQ2Q0/ref=sr_1_1?ie=UTF8&qid=1507687390&sr=8-1&keywords=ready+to+pull+the+retirement+trigger   Sterk Financial Services http://sterkfinancialservices.com   Manifest $10,000 http://manifest10000book.com Cassie’s Coaching Corner https://cassie-parks.mykajabi.com/p/cassie-s-coaching-corner