Podcasts about Running

Robert Sloop is the CEO of Kaizen Management, LLC, a consulting firm that helps restaurant operators improve financial performance, operations, and tech stack implementation. With over 30 years in foodservice, he has served as CFO for leading multi‑concept restaurant groups and now advises owners on data‑driven systems and continuous improvement. Join RULibrary: www.restaurantunstoppable.com/RULibrary Join RULive: www.restaurantunstoppable.com/live Set Up your RUEvolve 1:1: www.restaurantunstoppable.com/evolve Subscribe on YouTube: https://youtube.com/restaurantunstoppable Subscribe to our email newsletter: https://www.restaurantunstoppable.com/ Today's sponsors: - Hermetic.ai  - Private event leads die in inboxes every day. Mia fixes that. She's an AI agent that responds within seconds, handles the back-and-forth, and fills your event calendar — automatically. Fully integrated in under 10 minutes. Head to hermetic.ai and put her to work. https://www.hermetic.ai/ - Hotshift - Hotshift is the all-in-one tool built by a restaurant owner, for restaurant owners. Scheduling, hiring, training, reviews — one roof, one login. Plusreal-time labor cost forecasting before the shift ever starts. Head to hotshift.pro/unstoppable. - Restaurant Technologies — the leader in automated cooking oil management. Their Total Oil Management solution is an end-to-end closed loop automated system that delivers, monitors, filters, collects, and recycles your cooking oil eliminating one of the dirtiest jobs in the kitchen.. Automate your oil and elevate your kitchen by visiting rti-inc.com or call 888-779-5314 to get started! - US Foods®. Running a restaurant takes MORE than great food—it takes reliable deliveries, quality products, and smart tools. US Foods® helps you make it. Ready to level up? Visit: usfoods.com/expectmore. - Guest contact info:  Email: rsloop@kaizen-management.com Thanks for listening! Rate the podcast, subscribe, and share! 

Coming to you from Whidbey Island, Washington this is Stories From Women Who Walk with the final Motivate Your Monday episode and your host, Diane Wyzga. As you know, the ending of every story holds the beginning of a new one. I'm retiring 60 Seconds and Motivate Your Monday episodes. Instead of ending these changes are evolving to Begin Anew. I launched my podcast, Stories From Women Who Walk in April 2020 as a platform for conversations with women who were walking their lives until their lives were flipped upside down by something unexpected, how they met the challenges, and changed to becoming stronger, even more confident women. I loved every single moment of listening stories out of my guests! COVID flipped our lives upside down, too. We were no longer commuting to work over long distances or in cars. Who would have the time to listen to a 30 or 40-minute conversation? What to do? Pivot to 60 Seconds. No one was offering this format. Turned out that I was really good at distilling topics, ideas and stories into soundbytes to inform, illuminate, delight, and comfort my listeners. At the same time I created a Listener Location Shout-out to kick off each episode to acknowledge and thank you for listening. How did I know where you were listening? The Simplecast platform provides a global map with yellow dots that light up the villages, towns and cities where your feet touch the ground all around the world. Each shout-out included a URL linked to the location so that other listeners could “armchair travel” to that place. Imagine how much I learned about my global audience. Some 1,330 episodes and close to 250,000 plays later it's time to do something different. But what? Running like a river beneath the surface of the lived experience moments of our lives is a deeper, truer one waiting to be acknowledged. How do I acknowledge that deeper truth? What will I hear when I let my Life speak? Where will it lead me next so that I can make the transitions I seek while inviting you to come along with me on the journey? I promise you this: the voice you have come to know and trust for over 6 plus years on the airwaves, along with the stories, insights, questions and prompts that speak to each of us as if to say, “What! You, too? I thought I was the only one.” [C.S.Lewis] I'd like to focus my creative efforts on producing “Diane on Mic” short-form episodes—maybe 7 minutes or so of spoken word—for Wednesdays on Whidbey and Story Prompt Friday. CTA: Let's continue making the very most of the time we have together, uncovering, discovering, shaping and sharing our stories. Let me know what you think. If there is something you're curious about, something you'd like to hear as my podcast begins anew, please email me and let me know: info@quartermoonstoryarts.net or subscribe on Substack. Comments Create Community. We are in this together for the long haul. And thank you for continuing to listen. You're invited: “Come for the stories - stay for the magic!” Speaking of magic, subscribe & spread this episode  with a generous 5-star review & comment—it helps us all—& join us next time! AND!  Stop by my Quarter Moon Story Arts website during reconstruction, email me [info@quartermoonstoryarts.net] to arrange a no-obligation Discovery Conversation, and stay current with me as Quarter Moon Story Arts on SUBSTACK. Stories From Women Who Walk Production Team Podcaster: Diane F Wyzga & Quarter Moon Story Arts Music: Entering Erdenheim by Steve Schuch & Night Heron Music ALL content and image © 2019 to Present Quarter Moon Story Arts. All rights reserved. Enjoy my work? Share & attribute it to Diane Wyzga of Stories From Women Who Walk podcast with a link back to the original source.

CLICK HERE to learn more about the Run Smarter Database

Welcome to episode #1047 of Thinking With Mitch Joel (formerly Six Pixels of Separation). Simon Rogers has spent his career turning data into stories that help us better understand the world... and ourselves. A former news editor at The Guardian, where he founded and edited its influential Datablog, Simon is now the Data Editor at Google, working with Google Trends, one of the largest publicly accessible datasets of human curiosity and behaviour ever created. He is also the co-host of The Data Journalism Podcast and a longtime advocate for open data, visualization and making complex information meaningful. His new book, What We Ask Google - A Surprisingly Hopeful History Of Humankind, explores what billions of searches reveal about our private fears, shared vulnerabilities, cultural obsessions and desire to help one another. In this episode, Simon discusses why search offers a uniquely intimate portrait of humanity... not the carefully curated version we present on social media, but the questions we ask when we genuinely need answers. He explains how searches surrounding grief, friendship, parenting, health and crisis reveal that people are often far less alone than they feel, and perhaps more compassionate than our public discourse suggests. We also explore Google Trends as a cultural and predictive signal, the communities formed through shared curiosity, and why being surrounded by data does not necessarily make us more insightful. Simon reflects on how AI is changing the language and complexity of our searches without fundamentally changing what humans want to know. What emerges is a fascinating portrait of search as a collective stream of consciousness... chaotic, vulnerable, curious and surprisingly hopeful. Enjoy the conversation... Running time: 53:45. Hello from beautiful Montreal. Listen and subscribe over at Apple Podcasts. Listen and subscribe over at Spotify. Please visit and leave comments on the blog - Thinking With Mitch Joel. Feel free to connect to me directly on LinkedIn. Check out ThinkersOne. Here is my conversation with Simon Rogers. What We Ask Google - A Surprisingly Hopeful History Of Humankind. The Data Journalism Podcast. Datablog. Google Trends. Follow Simon on X. Follow Simon on Bluesky. Follow Simon on LinkedIn. Chapters: (00:00) - The Role of a Data Editor. (02:47) - Exploring Optimism Through Data. (05:57) - Understanding Human Connection Through Search. (09:05) - Cultural Reflections in Search Trends. (11:59) - The Intimacy of Search Queries. (15:08) - The Power of Data Visualization. (17:57) - Shifts in Search Behavior During Covid. (21:05) - The Complexity of Community and Connection. (23:57) - Echo Chambers and Misinformation. (27:06) - Predictive Power of Search Data. (28:19) - AI's Impact on Search Behavior. (33:28) - Understanding AI Integration in Search. (36:12) - Data Richness vs. Insightfulness. (39:01) - The Art of Data Storytelling. (41:25) - Search Behavior and Societal Reflections. (44:16) - Loneliness and Connection in Search Data. (45:39) - The Future of AI and Search Engines.

Food noise, hunger and cravings are often treated as interchangeable, but they arise from different biological and psychological systems. In this episode, Mikki explains how physiological hunger develops gradually in response to the body's energy needs, while cravings are shorter, cue-driven urges for specific foods. Food noise is different again: a persistent background hum of food-related thoughts linked to reward circuitry, rumination and heightened responsiveness to food cues.Mikki explores why GLP-1 medications can dramatically quiet food noise, how stress, poor sleep and highly palatable foods can amplify it, and why intuitive eating may improve calmness around food without necessarily producing fat loss. She also outlines practical strategies, including improving protein and fibre intake, reducing easy access to trigger foods, addressing stress and sleep, and recognising when medical support may be appropriate.Topics coveredThe biological differences between hunger, cravings and food noiseWhy food noise feels intrusive and repetitiveHow GLP-1 medications affect food reward pathwaysThe role of stress, sleep and ultra-processed foodsPractical strategies for reducing appetite-related noise Contact Mikki:https://mikkiwilliden.com/https://www.facebook.com/mikkiwillidennutritionhttps://www.instagram.com/mikkiwilliden/https://linktr.ee/mikkiwillidenNZ listeners - save 10% off Calocurb by using the code Mikkipedia10 at www.calocurb.co.nzSave 20% on all Nuzest Products WORLDWIDE with the code MIKKI at www.nuzest.co.nz, www.nuzest.com.au or www.nuzest.comCurranz supplement: MIKKI saves you 25% at www.curranz.co.nz or www.curranz.co.uk off your first order

This hour: John Sarianides (NE Football Journal) joins to talk Patriots; Dan Bahl doesn't believe in announcer's jinxes apparently; More on the Duran fracas; Gabe Jacas knocked a Pats coach on his keister today; Running game will be highlighted in the ‘26 Pats off.

With election day 2026 just over three months away, lawmakers in Washington are facing the end of the runway for passing legislation they can take home to their districts before November. Farm state legislators in particular would like to finally have a completed Farm Bill to show for their efforts over the last 18 months, but the possibility of passing farm legislation in both houses and getting it to the President's desk in time is growing more unlikely with each passing day. And yet, hope springs eternal, and we have our very own, brand new DTN Ag Policy Editor Jake Zajkowski bringing us the latest on the efforts in D.C. He's here to tell us about current Farm Bill work and what to expect in the weeks ahead, but he'll also give us an update about the ongoing USDA reorganization, and how it might go on to impact farmers as harvest approaches. He'll then talk to us about the current trade picture, from USMCA reauthorization to the latest tariff announcement, and clue us in to happenings around farm aid, labor, and MAHA. We'll wrap up with a look ahead at what the outcome of the November midterms could mean for ag policy in the lame duck session. This episode was recorded on July 31, 2026. See DTN newsroom's coverage on the Senate farm bill markup on dtnpf.com. 

It's the second time Jenny Hartley has joined us on the Tea & Trails Podcast, and she's had quite the adventure since her last visit. The Invictus Games and Gladiators athlete has been busy up on the Pennine Way, setting off from Edale with one big goal in mind, to complete the Summer Spine Race.She made it all the way to Kirk Yetholm, kissed the famous wall, and did so before any other woman that week.The 268‑mile journey is packed with twists, turns, highs, lows, and all the chaos the Spine is known for, and Jenny shares every bit of it with us.HARRIER - Use code TATP10 for 10% off - https://harrierrunfree.avln.me/c/qXhnTgIdEMeaXMILES UK - Listeners receive 10% of their order value back as store credit via the link - https://xmiles.avln.me/c/RiwxnARvfHeRFENIX LIGHT LTD - Use code T&T5 for 5% - https://www.fenixlight.co.uk/PRECISION FUEL & HYDRATION - Use code TEA2026 for 15% off your first orderPRECISION FUEL & HYDRATION PLANNER - https://visit.pfandh.com/3RuP25zSTRAVA - Use code TEA for 20% off an annual membership - #StravaPartner #Adhttps://www.strava.com/subscribe/checkout?code=TEASUNGOD - Use code TEA15 for 15% off your order - https://www.sungod.co/en-gbBEARHUG - Click the link to receive 15% off your order.https://getabearhug.avln.me/c/PAmERmkwPealContent contains affiliate links which help support this channel at no cost to you.Brew with the Coaches - CLICK HEREHardmoors - https://www.hardmoors110.org.uk/Trail Outlaws - https://www.trailoutlaws.com/13 Valleys Ultra - https://www.13valleysultra.com/Beyond Trails - https://www.beyondtrails.co.uk/Hellfire Events - https://www.hellfireevents.com/Dales Runner - https://dalesrunner.co.uk/Run The Wild - https://runthewild.co.uk/Hannah Walsh - https://www.hannahwalsh.co.uk/Punk Panther - https://www.punkpanther.co.uk/Pen Llyn Ultra - https://penllyn.niftyentries.com/Yellow Belly Ultra - https://yellowbellyultras.co.uk/Raw Adventures - https://www.raw-adventures.co.uk/XNRG - https://www.xnrg.co.uk/

Send us Fan MailCOMPLETING THE JOURNEY OF FAITH TO RUN A GREAT RACE IN CHRIST AND TAKING DELIGHT IN DOING SO!!BIBLE REFERENCE VERSES: PSALM 19:5-6 & HEBREWS 12:1-3

In this episode, farmer Shane Aslan of Aslan Organics talks about the trials and tribulations of running a farm business.   Subscribe for more content on sustainable farming, market farming tips, and business insights!   Get market farming tools, seeds, and supplies at Modern Grower. Follow Modern Grower:  Instagram  Instagram Listen to other podcasts on the Modern Grower Podcast Network:  Carrot Cashflow  Farm Small Farm Smart  Farm Small Farm Smart Daily  The Growing Microgreens Podcast  The Urban Farmer Podcast  The Rookie Farmer Podcast  In Search of Soil Podcast Check out Diego's books:  Sell Everything You Grow on Amazon   Ready Farmer One on Amazon **** Modern Grower and Diego Footer participate in the Amazon Services LLC. Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

In this episode of Bleav in Commanders, Bram Weinstein joins Scott Jackson and Anthony Armstrong to break down everything they've seen from the first two days of training camp. (0:52 - 2:35): Training camp energy and atmosphere, noting a significant increase in competitiveness and player focus compared to last season. (2:36 - 4:49): Jayden Daniels' progress and comfort level in the new offensive scheme. (5:30 - 9:24): Wide receiver position battles, the potential role of Antonio Williams, and rumors surrounding Stefon Diggs. (11:37 - 13:32): Brown's career trajectory and his potential role in the offense. (15:30 - 17:34): Running back competition, including Rashad White, Krosky Merritt, and Austin Ekeler. (18:21 - 20:26): Defensive standouts and the search for the player wearing the "Green Dot" (defensive play-caller). (20:34 - 23:32): Safety and secondary depth, specifically discussing Nick Cross, Jeremy Reeves, and Quan Martin. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A bad customer review might have nothing to do with your product.Alan Grimsley from Inventory Planner joins Nick to explain why 77% of negative reviews can be traced back to operational problems - and the five Shopify inventory mistakes that quietly damage cash flow, sales and customer trust.Drawing on his experience across PayPal, Shopify and Sage, Alan explains how overstock, stockouts, unreliable data, poorly planned campaigns and inaccurate supplier lead times can hold back even fast-growing ecommerce brands.You'll learn:Why excess stock could be consuming your growth budgetHow stockouts send customers and ad spend to competitorsWhen spreadsheets stop working for growing Shopify brandsWhy marketing and inventory planning must work togetherHow inaccurate lead times undermine your entire forecastAlan also shares lessons from AYBL, Wild & Stone and Astrid & Miyu, including how better inventory forecasting can protect cash flow, reduce excess stock and keep bestselling products available.In this episode:(00:00) - Why most Shopify brands lose money on inventory(03:06) - Mistake #1: Running out of stock(08:39) - Mistake #2: Overstock and cash flow problems(20:15) - Mistake #3: Data and inventory visibility(25:27) - Mistake #4: Marketing without inventory(31:46) - Mistake #5: Ignoring lead times(36:12) - When to use inventory planning software(38:14) - Key takeaways and final thoughtsFollow Winning With Shopify for practical ecommerce growth advice every Tuesday and Friday.Free Inventory Planning BootcampLearn how to prevent stockouts and overstocks, reduce inventory holding costs and make more confident purchasing decisions with Inventory Planner's free seven-day course.Join the free Inventory Planning BootcampListener offers:Seguno - Get a free email customer analysis and strategy session.Yoast - Get 15% off Shopify and WordPress with code WWS15.TaxCloud - Get free migration onboarding as a Winning With Shopify listener.About Winning With ShopifyWinning With Shopify is powered by Spec Digital, a PPC & SEO agency for ecommerce brands.

Hi, everybody. This week, Kristin, Rich, and George talk about movie trailers and San Diego Comic Con, the recent movie versions of Masters of the Universe and The Running Man, Pyewacket (and Saci) updates, and so much more, including trying to answer the age old question, "Is this going to be better than The Muppet Christmas Carol?" Don't forget about Kristin and Rich's new online shop Dragon Breath Comics & Collectibles. They update the website daily so bookmark https://dragonbreathcomics.com and check them out everyday for all your fun, geeky shopping needs. Follow them on social media at https://www.facebook.com/people/Dragon-Breath-Comics-Collectibles/61591089072402/, @DragonBreathComics616 on Instagram and X/Twitter. Thank you for listening. Connect with Meanwhile At The Podcast on social media. Don't forget to #livetweet (we're still calling it that)! Share the show, subscribe so you don't miss an episode, and rate us on your podcast apps. Those much coveted five stars are always appreciated. Stay safe out there. NOW ON BLUESKY @MeanwhileATP https://x.com/meanwhileatp https://www.meanwhileatthepodcast.libsyn.com Rodney (AKA Art Nerrd): https://x.com/artnerrd https://www.instagram.com/theartnerrd/ https://facebook.com/artnerrd https://shop.spreadshirt.com/artnerrd Kristin: https://www.facebook.com/kristing616 https://www.instagram.com/kristing616 Rich: https://x.com/doctorstaypuft

So many of the things shaping our health and our happiness sit right in front of us, and we walk past them every single day. This week on Mini Miracles From Minor Moments, I want to talk about awareness in two directions at once. First, the quiet harms tucked into our homes and our air that we rarely stop to notice. Then the small daily blessings, the ones that slip by just as easily when we are moving too fast to see them. My hope is that by the end you will look at your kitchen, your closet, and your own week with fresh eyes. I open with something that startled me the first time I learned of it: the chemicals called PFAS that hide inside nonstick pans, stain-resistant fabrics, cosmetics, and food packaging. From there I turn to the air we breathe, both the wildfire smoke drifting down from Canada and the pollution that slips into our own homes, and what it can do to our minds over the years. The tone then softens, and I share the gift of waiting instead of rushing, the small joys that make a day feel alive, and the one thing you once loved that you may have quietly set down. For me that one thing is sewing, taught to me at four years old on my mother's industrial machine, and I am ready to pick it up again. Running through all of it is a simple invitation: notice more, rush less, and be grateful for the graces hiding in the smallest corners of your life. Episode Highlights Chemicals hiding in plain sight — what PFAS are, and where they turn up in pans, packaging, cosmetics, and stain-resistant fabrics. Reading labels with new eyes — choosing cotton and linen, skipping the sprays, and rethinking the waterproof and nonstick claims we tend to trust. The air and the mind — how wildfire smoke and everyday pollution reach past the lungs to touch mood, memory, and long-term mental health. A moment on my street — stopping the car to warn an older neighbor walking through the smoky air, and why we owe each other these small alerts. The gift of waiting — how doing nothing can be a wise choice, and how a pause keeps us from the wrong direction. Where joy really comes from — a shared cup of coffee, lessons from grandchildren, and rose of Sharon bushes grown from little twigs. The one thing you stopped doing — returning to a skill or hobby you set aside, and letting something new and out of character help you grow. A Moment to Reflect Draw yourself an arrow on a scrap of paper, and at the tip write the one thing you truly want to aim for this season. Then sit with two gentle questions: what am I taking in without noticing, and what small joy am I too busy to see? You do not have to change everything at once. Pick one label to read, one habit to soften, and one thing you love to return to. Connect & Support Find the full archive of Mini Miracles From Minor Moments at lindagullo.com/minimiraclespodcast, or subscribe for free through Apple Podcasts so you never miss a week. Ready to work through a difficult season with support? Visit lindagullo.com to learn more about coaching and how we can work together. If this podcast brings encouragement to your life, you can support its continued creation at buymeacoffee.com/delightinliving. Thank you for being here — it means more than you know.

What if finding clients didn't have to feel like constantly convincing people to work with you? What if instead, you could create an experience where people get a real result, see what you're capable of, and naturally want more?   In this episode, I'm talking with health coach and founder of The Wellness Vault, Valerie Feghali, about one of her favorite ways to serve potential clients and grow a coaching business: running challenges. Valerie shares how she began using challenges to grow her own coaching business and why they can be such a powerful way to help people experience a quick win, build trust, and see the value of working with you.   Valerie's 5-day Challenge Builder Bootcamp is happening from August 10th to August 14th, 2026. Secure your seat for free here: https://wellnessvault.com/challengebuilderjody   Watch the episode on YouTube: https://youtu.be/bIrCwrqH-jo   Get full show notes, transcript, and more information here: https://jodymoore.com/576   Follow me on Instagram here: https://www.instagram.com/jodymoorecoaching/

This intriguing episode is a must-listen for anyone looking for straight answers about injury prevention, recovery tools, stretching, running form, and much more. Along with hosts Sarah Bowen Shea and Tish Hamilton, physical therapist Denise Smith banishes running-related myths while serving up truths and advice runners can use, including:-when to stop for pain versus when to run through discomfort-why you should hop off your treadmill and head outside occasionally-when it's really time to replace your running shoes-what a “shiner” is, and why you should get one-Michael Jackson dance moves all runners can learn from!In the intro chitchat, Tish tells a sweet turtle tale, and Sarah shares details of her upcoming sporty-gal/musical theatre getaway; the PT joins around 9:17.Feisty Fest: Join us from September 18-20, 2026 - https://feisty.co/events/feisty-fest/Follow us on Instagram: https://www.instagram.com/themotherrunner/Cozy Earth: Use code: AMR to receive 20% off at https://cozyearth.com/Hettas: Use code STAYFEISTY for 20% off at https://hettas.com/Momentous: Use code AMR for up to 35% off your first order at https://www.livemomentous.com/Currex: Use code AMR15 for 15% off at https://currex.com/Tifosi Optics: Use code FEISTY2026 for 20% off at https://tifosioptics.com/ PLUS: Register to win a Free Pair of Sunglasses: https://feistymedia.activehosted.com/f/121

Written by Simon Chadwick Come and follow more adventures on our animated TV show on Youtube!

Is Lincoln Riley running out of time at USC? Lance Taylor joins Connor O'Gara for Episode 7 of The Connor O'Gara Show to examine Riley's future, the Trojans' College Football Playoff potential and the enormous pressure surrounding one of college football's most polarizing head coaches. Despite producing elite quarterbacks and winning four Big 12 championships, Lincoln Riley is still searching for his first College Football Playoff victory. Can USC's revamped defense finally help Riley break through? Could the Trojans go 10-2 and earn a spot in the expanded 12-team playoff, or will another disappointing season force USC to confront Riley's massive buyout? Connor and Lance also reveal the national championship teams they rooted against the hardest, including the 2013 Florida State Seminoles, the Cam Newton-led 2010 Auburn Tigers, the controversial 2023 Michigan Wolverines and the 2002 Ohio State Buckeyes. Plus, Connor makes a bold Michigan prediction that would create a nightmare scenario for Ryan Day and Ohio State, while the guys dream up potential playoff matchups involving Alabama, Oregon, USC, Oklahoma, Michigan, Utah, Texas and Texas Tech. Also in this episode: • Lance Taylor's massive Los Angeles Rams collection • Connor's infamous SEC Media Days shaving mishap • Why Lincoln Riley's defenses have held him back • Gary Patterson's potential impact at USC • College football's biggest championship villains • Michigan's sign-stealing controversy • The most pretentious fan base in sports • Bold College Football Playoff predictions Like the video, leave your least-favorite national champion in the comments and subscribe to The Next Round YouTube channel for more college football analysis, SEC coverage, predictions, interviews and episodes of The Connor O'Gara Show. Catch Lance Taylor on The Next Round and listen to the OG Kickoff podcast for more college football discussion. #CollegeFootball #LincolnRiley #USCFootball #USCTrojans #ConnorOGara #LanceTaylor #MichiganFootball #OhioStateFootball #CollegeFootballPlayoff #BigTenFootball #CFB #TheNextRound #OGKickoff SUBSCRIBE: @NextRoundLive - youtube.com/@nextroundlive @TNRClips - youtube.com/@TNRClips FOLLOW TNR ON SPOTIFY: https://open.spotify.com/show/7zlofzLZht7dYxjNcBNpWN FOLLOW TNR ON APPLE PODCASTS: https://podcasts.apple.com/us/podcast/the-next-round/id1797862560 WEBSITE: https://nextroundlive.com/ MOBILE APP: https://apps.apple.com/us/app/the-next-round/id1580807480 SHOP THE NEXT ROUND STORE: https://nextround.store/ Like TNR on Facebook: / nextroundlive Follow TNR on Twitter: / nextroundlive Follow TNR on Instagram: / nextroundlive Follow everyone from the show on Twitter: Jim Dunaway: / jimdunaway Ryan Brown: / ryanbrownlive Lance Taylor: / thelancetaylor Scott Forester: / scottforestertv Tyler Johns: /TylerJohnsTNR Brooks Carter: /BrooksACarter Sponsor the show: sales@nextroundlive.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Seattle Seahawks head coach and Super Bowl LX champion Mike Macdonald is our guest on the podcast today.Topics:01:10 - Looking back at winning a Super Bowl02:50 - God is in control03:58 - Turning the page to 202606:04 - Running "it" forward07:50 - A journey of faith11:28 - The impact of other coaches of faith13:37 - Bibles for Christmas14:45 - Favorite "God moment" at Super Bowl LX17:25 - The battle of "control" as a coach18:50 - Pointing to God at the Super Bowl podium postgame21:02 - Trusting the Lord no matter the circumstances23:18 - A culture of loving, serving and caring for others25:15 - Who is Jesus and what is God teaching Mike right now?Have a question? Got a guest suggestion? Want to advertise with us? Email us - jason@sportsspectrum.comWATCH all of our podcast episodes on our YouTube page:https://www.youtube.com/SportsSpectrumMagazineSign up for our Sports Spectrum Magazine and receive 15% off a 1-year subscription by using the code PODCAST15https://www.theincrease.com/products/sports-spectrum-magazine Do you know Christ personally? Click below to learn how you can commit your life to Him.https://sportsspectrum.com/gospel/

Watch every episode ad-free & uncensored on Patreon: https://patreon.com/dannyjones Hector Berrellez is a retired DEA Special Agent. His signature case was investigating the 1985 abduction, torture, and murder of undercover DEA agent Enrique "Kiki" Camarena by Mexican drug cartels, where he uncovered a tangled web of CIA involvement in Mexican drug cartels. SPONSORS https://whiterabbitenergy.com/?ref=DJP - Use code DJP for 20% off. EPISODE LINKS The Last Narc book: https://a.co/d/01gWblpR FOLLOW DANNY JONES https://www.instagram.com/dannyjones https://twitter.com/jonesdanny OUTLINE 00:00 - Operation Leyenda & Kiki Camarana 06:25 - The golden age of Mexico's drug cartels 08:44 - Who killed Kiki Camarena & why 12:21 - CIA's involvement in cartel drug & weapon trafficking 18:33 - Kiki Camarena discovers cocaine trafficking 25:16 - CIA agent confesses to Kiki Camarena's murder 33:35 - CIA "Larry Harrison"'s REAL identity 38:10 - Felix Rodriguez aka 'Max Gomez' 44:38 - CIA vs. DEA 47:10 - Evidence Felix Rodriguez betrayed Kiki Camarena 56:42 - Recordings of Kiki Camarena's torture 01:01:19 - Kidnapping the doctor who tortured Camarena 01:10:30 - Felix Rodriguez today 01:13:05 - El Mayo Zambada was NOT kidnapped 01:23:50 - CIA & DEA collaboration with cartels 01:26:06 - China's silent war against Americans 01:33:22 - U.S. is more corrupt than Mexico 01:38:15 - How CIA infiltrated the DEA 01:45:47 - DEA director's response to Hector's claims 01:49:14 - Felix Rodriguez's alibi 01:53:25 - What CIA & DEA are doing in Mexico today 01:55:38 - Truth behind El Mencho killing 02:04:38 - "Running with the wolves" 02:09:58 - Cartels have biological weapons 02:13:11 - Cartels own our marijuana dispensaries 02:19:39 - Fentanyl wars in Mexico 02:25:08 - How to fix the cartel problem 02:27:12 - Incineration camps in Mexico 02:32:16 - Cartels are richer & more dangerous than ever 02:38:19 - "It's all true" Learn more about your ad choices. Visit podcastchoices.com/adchoices

When it comes to a confident retirement, what if the biggest risk isn't running out of money, but waiting too long to enjoy it? As part of our "Freedom After 50" series, author Mike Drak explores: Why so many retirees struggle emotionally with spending How retirement spending naturally changes over time The difference between spending on things vs. meaningful experiences How fear of future healthcare costs can hold you back today Practical ways to spend with greater confidence and fewer regrets Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade and Mike Drak provide thoughtful insights and advice on how it applies to your unique financial situation. Show Notes: HowardBailey.com/578

Running back Cam Skattebo addresses the media after Friday's training camp practice in West Virginia.See omnystudio.com/listener for privacy information.

DP Matt Ball on shooting Tucci in Italy Season 2, the challenges of journeying to remote regions over tourist spots, and capturing emotional moments on camera. Podcast highlights include: -How the show featured lesser-traveled regions like Sardinia, Le Marche, and rural Abruzzo to capture authentic regional culture. -Running a lean, self-contained crew for shoots in remote and hard-to-reach locations. The production has a "no egos allowed" policy where everyone — including Stanley Tucci himself — pitches in to make the day work. -Why what you see on screen is pretty close to what actually happened on the day, with editing driven mostly by time constraints rather than reshaping the story. -And a hint at the upcoming show, Tucci in Great Britain, exploring British food history, identity, and the influence of immigrant communities on the national cuisine. Find Matt Ball: https://mattballcamera.com/ Instagram: @mattbcam Tucci in Italy Season 2 is currently streaming on Disney+, Nat Geo, and Hulu. Hear our previous episode with Matt Ball on Tucci in Italy Season 1. https://www.camnoir.com/ep320/ SHOW RUNDOWN: 02:08 Close Focus 09:16-50:32 Matt Ball Interview 51:09 Short Ends 01:04:55 Wrap up/Credits The Cinematography Podcast website: www.camnoir.com YouTube: @TheCinematographyPodcast Facebook: @cinepod Instagram: @thecinepod Blue Sky: @thecinepod.bsky.social

When every marketing decision has to pay off this quarter, growth starts losing its owner.  That's the uncomfortable read from the latest CMO Survey. Under pressure, CMOs are making perfectly rational moves. Safer bets, tighter proof, more focus on the customers already in hand. The danger is what those choices start to signal. If every case for marketing comes back to pipeline now and near-term ROI, the function that should be finding growth can get managed into something much smaller.  In this episode, Drew sits down with Christine Moorman, founder of The CMO Survey and professor at Duke University's Fuqua School of Business, to unpack what the spring 2026 results say about marketing's next move. The data points to rising AI value, a stubborn talent gap, and underfunded marketing capabilities. Running through it all is one warning CMOs cannot afford to ignore: Safe can get small.  Three Findings CMOs Need to Take to Heart:  Short-termism is narrowing marketing's role  AI value is rising faster than team readiness  Capabilities matter, but investment is lagging  What You'll Learn:  Why safe bets can defend marketing today and shrink its role tomorrow  How metrics shape what the C-suite believes marketing is for  Why AI success depends as much on talent and training as it does on tools  How CMOs can prove value beyond pipeline, from customer relationships to durable growth  Listen in for a clear read on the latest CMO Survey, from why safe can get small to how CMOs can use better metrics, stronger talent, and AI-ready capabilities to reclaim the growth agenda.  For full show notes and transcripts, visit https://renegademarketing.com/podcasts/ To learn more about CMO Huddles, visit https://cmohuddles.com/

Steven “Magoo” Margherio has been stacking doubles 100s like firewood—and he joins Trap Talk for Episode 184 to break down the incredible run.Magoo sits down with Zach Nannini and Richard Marshall Jr. after running all 300 doubles targets at the Ohio State Shoot and following it up with another 200 straight at the Iowa State Shoot. He shares the small adjustment that helped take his doubles game to another level and explains exactly how he approaches both targets.We get into:• Running 300 straight doubles at the Ohio State Shoot• Winning the 2026 Iowa State Doubles Championship• The small move that improved his first-target breaks• Why true spot shooting was limiting his consistency• His hold point, visual pickup and transition to the second target• Breaking two handicap 100s at the Grand American• Switching between his single barrel and over-under• Finding consistency from the 27-yard line• His goals heading into the Grand American• Shooting for the Lindenwood University shotgun teamMagoo is a four-time All-American, a two-time Grand Slam shooter and one of the hottest doubles shooters in the game right now. With hundreds piling up across the country, he enters the Grand with confidence and some serious momentum.Like, subscribe and share the episode with another trapshooter.Presented by Trap Talk From the Back Fence.Follow & Subscribe to Trap Talk!  It really helps the show!  YouTube - https://www.youtube.com/@traptalk27Instagram - https://www.instagram.com/traptalkfromthebackfence/Facebook - https://www.facebook.com/traptalk27TikTok - https://www.tiktok.com/@trap.talk.podcast*** Email us your listener questions to askus@traptalkpodcast.com *** *** Visit TrapTalkPodcast.com for all our links! ***

I am Rolf Claessen and my co-host Ken Suzan and I are welcoming you to episode 177 of our podcast IP Fridays! Today's interview guest is Dr. Ernst-Peter Heilein, who is a German and European patent attorney, the founder of HEILEIN IP LAW, and a long-time IP leader at BSH Home Appliances. He is the mastermind behind the BSH v. Electrolux decision of the European Court of Justice about long-arm jurisdiction in Europe that has the whole patent world stirring in Europe at the moment! But before we jump into this fascinating interview, I have news for you! Emboline v. AorticLab (UPC Court of Appeal) The UPC Court of Appeal has clarified for the first time how a conditional revocation counterclaim should be handled, in a dispute over Emboline’s embolic protection patent EP 2 129 425 against AorticLab. A defendant can validly make its revocation counterclaim conditional on infringement being found first, meaning no ruling on the counterclaim is needed if the infringement claim fails, as the Munich Local Division had held. The Court of Appeal also closed a related gap: if the claimant appeals a non-infringement finding, the counterclaimant may conditionally appeal the unresolved counterclaim too. AorticLab missed its own appeal deadline and can now at best seek re-establishment of rights, while Emboline has already appealed the non-infringement finding. FujiFilm v. Kodak (UPC Court of Appeal) Following the closely watched long-arm jurisdiction ruling of June 2, the UPC Court of Appeal, chaired by Rian Kalden, has now granted FujiFilm an injunction against Kodak in a second proceeding. The Court upheld the limited printing plate patent and found that Kodak’s Sonora XTRA 3 plate infringes it. Kodak can no longer sell or use that plate in Germany. OpenAI v. EUIPO (General Court of the EU, T-555/25) The General Court’s Eighth Chamber dismissed OpenAI’s action against the EUIPO decision to partially cancel the OPENAI trademark. The partial refusal for classes 9, 42, and 45 rests decisively on Article 7(1)(c) EUTMR, the descriptiveness ground. For a significant part of the English-speaking public, “OPENAI” directly conveys that the goods or services are provided using freely accessible artificial intelligence. Dental Monitoring v. Align Technology (CAFC) On July 7, 2026, the Federal Circuit confirmed that AI and deep-learning patent claims covering dental image analysis are not patent-eligible under Section 101. Simply training a “deep learning device” on a specific dataset does not amount to a patent-eligible technical solution. Publisher v. Google (Munich I Regional Court) The Munich I Regional Court issued a preliminary injunction barring Google from spreading false factual claims about a publishing company in its AI Overviews. A search query combining the company’s name with the German term for “fraud scheme” had triggered an AI-generated summary containing entirely fabricated accusations of subscription traps. KPN v. Oppo (Federal Court of Justice, X ZR 103/24) On July 1, the Federal Court of Justice dismissed KPN’s appeal against the revocation of a central claim of its LTE patent EP 2 291 033. Oppo had successfully challenged the claim, leaving KPN’s infringement action against Oppo’s German distribution entity without a legal basis for now. BSH v. Electrolux: What the ECJ Ruling Means for Your Company’s Patent Enforcement Strategy A vacuum cleaner from 2001 has reshaped the European patent landscape. That sounds like an overstatement. It isn’t. For IP Fridays, I spoke with Dr. Ernst-Peter Heilein, founder of HEILEIN IP LAW and long-time Senior IP Leader at BSH Home Appliances. He guided the case BSH v. Electrolux from its first strategic idea all the way to the Grand Chamber of the European Court of Justice, a case that earned the 2025 Managing IP Award as “Europe Impact Case of the Year.” For managing directors, IP heads, and R&D leaders at German Mittelstand companies, this case is not a legal footnote. It changes where you can enforce your patents, and it changes where you yourself can be sued if your company operates across several European markets. That is what this article is about. Background: How a Patent Dispute Became an ECJ Case The invention dates back to 2001 and concerns a new vacuum cleaner technology. In 2006, BSH identified what it believed was an unauthorized use of that invention and contacted Electrolux to clarify the situation. The European patent was granted in 2009 and validated in a number of European countries. Nobody, Heilein says, could have imagined at the time that this matter would eventually reach the Grand Chamber of the European Court of Justice almost twenty years later. In late 2018, BSH successfully defended the patent through opposition and appeal proceedings before the European Patent Office. In 2019, the Higher Regional Court of Düsseldorf found that certain Electrolux vacuum cleaner models infringed the patent. A classic milestone win, the kind that occurs regularly in patent practice. Except the patent had been validated in many countries. Winning in Germany did not solve the enforcement problem everywhere else. Heilein describes the starting point in very concrete terms: how do you enforce a patent that exists in many countries without filing a separate lawsuit in every single one? And how do you prevent claims from becoming time-barred while you work that out? Running parallel proceedings in multiple countries is not just legally complex. It consumes time, personnel, and money that a mid-sized company rarely has in that quantity to spare. This is exactly where the real value of this case for you begins. From the outset, this was never an academic debate about jurisdiction. It was a question that every company holding rights in more than one country eventually faces: how do you enforce your rights efficiently without burning your budget on ten parallel proceedings? Brussels Ia Regulation: The Underrated Article 4 While searching for a solution, the BSH team came across Article 4 of the Brussels Ia Regulation. The underlying idea is simple: a person can generally be sued in the country where that person is based. In the BSH case, that pointed toward the Swedish home court, because Electrolux is headquartered in Stockholm. For a long time, this rule played no real role in patent practice. The widely held view was that cross-border patent litigation in Europe was effectively dead the moment a defendant challenged the validity of the patent. Anyone wanting to enforce a patent across several countries appeared to have no choice but to litigate country by country. Heilein and his team questioned that assumption instead of simply accepting it. This is the point I find most instructive: challenging accepted assumptions in your own field is often the difference between a standard solution and a strategic one. In 2020, the team decided to file the action in Sweden, aware that they were looking at a possibility, not a guarantee. Cross-Border Enforcement: The Three Questions Referred to Luxembourg After Electrolux challenged the validity of the patents, the Swedish home court declared itself not competent to hear the case. BSH appealed, and the Swedish Court of Appeal agreed to refer three questions to the European Court of Justice. The first question addressed the core problem: does a home court that would otherwise have jurisdiction over an infringement claim lose that jurisdiction simply because the defendant argues the patent is invalid? The second question concerned a feature common to many legal systems, including Germany’s, where infringement and validity are decided in separate proceedings. The third question originally concerned Turkey. Today, most people immediately think of the United Kingdom, and some even think of US patents. Originally, the question was simpler: do the same jurisdiction rules apply to patents from countries outside the European Union? The fact that the ECJ first assigned the case to a Chamber of seven judges and later referred it to the Grand Chamber of 15 judges already signaled how much weight the Court placed on these questions. The Judgment: What the ECJ Actually Decided A home court does not automatically lose jurisdiction simply because the defendant argues the patent is invalid. For many years, the opposite was widely assumed to be settled law. The ECJ made clear that this reading was too narrow. The court where the defendant is based can generally continue to hear the infringement case. One point matters for how you read this ruling: questions concerning the validity of a European patent still fall to the national courts of the country for which the patent was granted, as provided in Article 24(4) of the Brussels Ia Regulation. What is new is that the infringement case does not automatically collapse the moment validity is challenged. The home court keeps control of the overall proceeding. For patents from EU Member States, the home court does not automatically lose jurisdiction. It assesses the validity challenge. If it looks strong, the home court may stay the infringement case. If it looks weak, the home court may proceed. For patents from non-EU countries, the home court may stay the case if a validity proceeding is already pending there, drawing on Articles 33 and 34 of the Brussels Ia Regulation. The result is a considerably more flexible system than most observers expected . Patents from Outside the EU: Long-Arm Jurisdiction The part of the judgment with the greatest international reach concerns patents from countries outside the EU. The ECJ ruled that the special jurisdiction rule for patent validity generally does not apply to non-European patents. That means the general rule can apply instead, opening the door for infringement claims based on non-European patents to be brought before a home court where the defendant is based in the EU. Commentators quickly started calling this “long-arm jurisdiction.” One clarification matters here, because it tends to get lost in the public discussion: the ECJ did not say that a European home court can revoke or invalidate a foreign patent. That remains a matter for the authorities and courts of the country that granted it. What the ECJ said is that a European home court may assess the claims between the parties. That distinction is essential to how you should read this ruling. Consequences in Practice: Fujifilm, Regeneron, and Onesta Three recent cases show how quickly practice is already adapting to the new possibilities. Fujifilm v. Kodak: the Düsseldorf Local Division of the Unified Patent Court accepted jurisdiction over the UK part of a European patent even before the ECJ delivered its judgment, building on reasoning the Advocate General had already signaled in the BSH case. In June 2026, the UPC Court of Appeal further developed that approach based on the principles confirmed in BSH. Regeneron v. Formycon: the Munich home court applied the BSH framework and granted a Europe-wide injunction based on a European patent, one of the first examples of a national home court putting the BSH logic into practice. Onesta v. BMW: this case shows the debate has moved well beyond Europe. After Onesta attempted to assert two US patents before the Munich home court, BMW obtained an anti-suit injunction from a Texas federal court. Judge Albright took the view that US patents should generally be decided by US courts. The injunction was directed against Onesta, not against the Munich court, and Onesta has appealed the Texas decision. The Munich home court stayed the proceeding but did not reject its own jurisdiction. Whether a European home court can ultimately decide infringement claims based on US patents remains an open question, one that has turned from a European jurisdiction issue into an international jurisdiction conflict. What This Means for Your Company Heilein sums up twenty years of litigation in three lessons, and I share this assessment without reservation when advising my Mittelstand clients. First: patent enforcement has become more international. National litigation still matters, but companies should think across borders from the very beginning, not only once the first cease-and-desist letter has been sent. Second: choice of forum now carries real strategic weight. Where you bring a case can matter just as much as the legal arguments themselves. Third: long-term commitment pays off. Major developments rarely result from a single filing or a single hearing. They come from pursuing a clear strategy consistently over many years. For you as a managing director, R&D lead, or Head of IP at an innovative Mittelstand company, this translates into two concrete points. First, if you hold rights in several European countries and a competitor infringes them, you no longer necessarily have to fund five or six parallel national proceedings. A single action at the infringer’s home base can be the economically smarter option. Second, and this side of the ruling gets less attention in public discussion, if your company is based in Germany and operates across several countries, you can now be sued at your own home base over patent infringement claims tied to activities in other countries. That risk belongs in every freedom-to-operate analysis and in every assessment tied to acquisitions or market entry. Here is the full transcript of the interview: Host Today's interview guest is Dr. Ernst-Peter Heilein. If you don't know Ernst-Peter, he is a German and European patent attorney, the founder of HEILEIN IP LAW, and a long-time IP leader at BSH Home Appliances. Thank you for being on IP Fridays. Answer Yeah, great to be here! BLOCK 1 – THE PERSON BEHIND THE CASE Host When looking at your career, one thing stands out: you never really followed the traditional path of either private practice or industry. Er, how did your professional journey begin, actually? Answer My professional roots are actually in private practice. After qualifying as a Patent Attorney, I worked in private practice and fairly early founded my own law firm, which later became HEILEIN IP LAW. Host So you never completely left private practice behind? Answer Exactly. In 2005, I had the opportunity to take on additional responsibilities on the BSH side. There, I was able to build and lead a new unit within the IP organization. The team was responsible for patents in the small appliances business, as well as global design and trademark protection. At the same time, I helped build an international network of internal and external IP counsel and coordinated their work. Host That still sounds fairly like traditional IP work. When did international disputes become part of your career? Answer Over time, my focus gradually shifted from traditional IP protection to strategic enforcement. That included anti-counterfeiting activities, global trademark and design matters, and cross-border patent disputes. Host So your work became more about enforcing rights rather than simply obtaining and managing them, right? Answer Exactly. And that development eventually led me to play a strategic role in the case BSH Home Appliances versus Electrolux, a case that still accompanies me today. Host Looking back now — from private practice, to building an international IP organization, and eventually becoming involved in a case before the European Court of Justice — did you ever imagine that path? Answer No, not at all. Looking back, this combination of private practice, responsibilities on the business side, and international enforcement experience turned out to be very useful when our case eventually reached the European Court of Justice. BLOCK 2 – HOW IT ALL STARTED Host Yeah, talking about this case. The case BSH versus Electrolux started long before it reached the European Court of Justice. When did the story actually begin? Answer The story actually begins much earlier than most people would expect. The invention itself dates back to 2001 and concerns a new vacuum cleaner technology. In 2006, we identified what we believed to be an unauthorized use of the invention and contacted Electrolux to clarify the situation. The European patent in suit was granted in 2009 and validated in a number of European countries. At the time, nobody could have imagined that this would eventually lead to a decision of the European Court of Justice almost twenty years later. Host Wow, 20 years! That's a long time. So, at first this was simply a normal patent dispute? Answer Yes, absolutely! After many years of opposition and appeal proceedings before the European Patent Office, we were finally able to defend the patent successfully in late 2018. Less than one year later, in the summer of 2019, the Higher Regional Court of Düsseldorf found that certain Electrolux vacuum cleaner models infringed the patent. Host Er, at that point, one might think, that the patent owner had achieved its goal, right? Answer That is what many people would think. But that judgment did not bring the dispute to an end. A new challenge emerged. The patent had been validated in many European countries. Winning in one country, like Germany, did not automatically solve the enforcement issue in all the other countries. Host What was the practical problem then? Answer We were facing a very simple question: How do we enforce a patent that exists in many countries? And how do we prevent claims from becoming time-barred without filing separate infringement actions in every single country? Doing that would not only be legally complex. It would also require a huge amount of time, effort, and money. Host That sounds less like a major legal question and more like a business problem. Answer Exactly. At the beginning, this was not an academic discussion about jurisdiction. It was a very practical business question. How can we enforce our rights efficiently without running parallel lawsuits all over Europe? That was the real challenge we were trying to solve. BLOCK 3 – THE IDEA OF A CENTRAL ACTION Host So, how did the idea of one central action emerge? Answer While looking for possible solutions, we came across Article 4 of the Brussels Ia Regulation. The idea behind that rule is very simple. In general, a person can be sued in the country where that person is based. In our case, that pointed us toward the Swedish home court because Electrolux is based in Stockholm. Host That sounds like a fairly ordinary jurisdiction rule. Answer Yes. And that was exactly what made it interesting. Article 4 is the general rule. The question was whether that rule could also be used for patent infringement claims covering several countries. Host Was that a common approach at the time? Answer No. Quite the opposite. Many people believed that cross-border patent litigation in Europe was effectively dead. Host That sounds rather dramatic. Why did people think that? Answer Because there was a widely held view that a central patent case could be stopped as soon as the defendant challenged the validity of the patent. As a result, many companies assumed they had no real choice but to litigate country by country. Host Yet you decided to look at the issue differently. Answer Yes. Sometimes it is worth taking a fresh look at accepted assumptions. We felt that Article 4 might play a much more important role than many people believed. Host So at that point, you already saw an opportunity, right? Answer Yes, we saw a possibility! Not a guarantee. But we believed there was a strong legal basis for bringing all claims before the Swedish home court. Host And that eventually led to the lawsuit being filed in Sweden, right? Answer Exactly. In 2020, we decided to file the action in Sweden. That followed our success before the European Patent Office in late 2018 and in the Düsseldorf infringement proceedings in 2019. At that stage, our objective was very practical. We were simply trying to find an efficient way to enforce rights that exist in many countries. Host At that point, you already think the case might end up before the European Court of Justice? Answer No. Not at all. We were focused on solving a business problem. The idea that the case would eventually reach the European Court of Justice came much later. BLOCK 4 – THE OBSTACLE: GAT v. LuK Host You mentioned that, er, many people believed cross-border patent litigation in Europe was no longer a realistic option. Why was that? Answer The main reason was an earlier decision of the European Court of Justice known as GAT versus LuK, decided in 2006. For many years, that decision was understood to mean that a home court could lose its ability to hear a patent infringement case as soon as the defendant challenged the validity of the patent. In practice, that understanding made many cross-border patent cases extremely difficult. As a result, many people believed that cross-border patent litigation was not effective. Host And yet you decided to follow exactly that path, right? Answer Yes. Sometimes it is worth questioning assumptions that have been accepted for many years. We believed that Article 4 of the Brussels Ia Regulation played a more important role than many people thought. That is why, in 2020, we decided to file the case in Sweden. Host And at that point, did you already realize that the case might eventually reach the European Court of Justice? Answer No. Not at all. Our goal was simply to find a practical solution to a real enforcement problem. The idea that this would eventually become a case before the European Court of Justice was far from our minds. BLOCK 5 – THE QUESTIONS REFERRED TO THE EUROPEAN COURT OF JUSTICE Host So, how did the case eventually reach the European Court of Justice then? Answer After we filed the lawsuit in Sweden in 2020, Electrolux challenged the validity of the patents. The Swedish home court then concluded that it could not hear the case and declared itself not competent to proceed. We appealed that decision, because the issues were important and affected far more than just our case. We suggested that several questions should be referred to the European Court of Justice. The Swedish Court of Appeal agreed and sent those questions to Luxembourg. Host So, what were these main questions? Answer At the heart of the case, there were three questions: First: if a home court has jurisdiction over a patent infringement case, does it lose that jurisdiction simply because the defendant argues that the patent is invalid? Second: Does it make a difference if the national legal system requires validity issues to be decided in a separate proceeding? And third: Do this jurisdiction rules also apply to patents from countries outside the European Union? Host The third question sounds particularly interesting. Answer Yes, at the time, the discussion in our case focused on Turkey. Today, many people immediately think about the United Kingdom, and some even think about US patents. But originally, the question was much simpler. We wanted to know, whether the same jurisdiction rules also apply when patents from non-European countries are involved. Host And, did you realize how important that third question might become? Answer No, certainly not to that extent. At the beginning, most of the discussion focused on the relationship between the different jurisdiction rules within Europe. Only later did it become clear that the European Court of Justice’s answers might have consequences far beyond the European Union. Host So, how did the European Court of Justice react then? Answer That was actually quite interesting. The European Court of Justice first heard the case before a Chamber of seven judges. Later, it referred the case to the Grand Chamber of 15 judges. That already showed that the European Court of Justice considered the issues to be important. And when the judgment finally came out, some of the answers were very different from what many observers had expected. BLOCK 6 – THE DECISION OF THE EUROPEAN COURT OF JUSTICE Host Let’s talk about the European Court of Justice’s answers. What was, in your view, the most important part of the decision? Answer The most important point was this: A home court does not automatically lose jurisdiction just because the defendant argues that the patent is invalid. For many years, many people believed exactly the opposite. The European Court of Justice made it clear that this understanding was too narrow. The home court where the defendant is based can generally continue to hear the infringement case. That is really the key message of the decision. Host Why is that so important? Answer Because it gives new momentum to cross-border patent enforcement in Europe. Before this decision, many people assumed that a defendant could effectively stop a central infringement case simply by challenging the validity of the patent. The European Court of Justice made clear that this is not automatically the case. Host Does that mean the home court hearing the infringement case will now also decide whether the patent is valid? Answer No, and that is a very important point. The European Court of Justice confirmed that questions about the validity of a European patent should still be decided by the national courts of the country for which the patent was granted, as provided for in Article 24(4) of the Brussels Ia Regulation. What is new, is that the infringement case does not automatically fall apart because of a validity challenge. The home court can keep control of the overall case. Host So, how does that work in practice? Answer The European Court of Justice gives the home court some flexibility. For patents from Member States of the European Union, the home court does not automatically lose its power if the defendant says the patent is invalid. The home court can look at the validity challenge. If it seems strong, the home court may stay the infringement case. If it seems weak, the home court may continue the infringement case. For patents from countries outside the European Union, the home court may also stay the case if there is already a validity case pending in that country. In such situations, Articles 33 and 34 of the Brussels Ia Regulation may apply. That creates a much more flexible system than many people expected. Host Er, we have discussed the implications for patents from Member States of the European Union, but a lot of attention has been given to another part of the decision, that we already talked about briefly, namely patents from countries outside the European Union. Answer Absolutely, and that may be the part of the judgment with the biggest international impact. Host Why? Answer Because the European Court of Justice decided that the special jurisdiction rule for patent validity does not generally apply to patents from non-European countries. In simple terms, that means the general rule can still apply. And that opens the possibility of bringing infringement cases based on non-European patents before the home court where the defendant is based in the European Union. Host That sounds like a very far-reaching statement. Answer It is. That is why many commentators started talking about what is often called “long-arm jurisdiction.” In other words, a European home court may, under certain circumstances, deal with infringement claims relating to patents from countries outside the European Union. Host So, many listeners may now wonder: Can a Swedish or a German home court really decide a dispute involving a British or Turkish patent? Answer Ah, we need to be careful here. The European Court of Justice did not say that a European home court can cancel or revoke a foreign patent. That remains a matter for the authorities and national courts of the country that granted the patent. What the European Court of Justice said is that a European home court may assess the claims between the parties in a dispute. That is an important distinction. Host Did you realize during the proceedings how important this part of the decision might become? Answer Not to this extent. We started with a very practical enforcement problem. Only later did it become clear that the European Court of Justice’s answers might have consequences far beyond the original case. Today, the decision is discussed not only in connection with Turkish patents, but also British patents and even possible claims involving US patents. Host If you had to summarize the decision in one sentence, and I know, this is a very difficult task, what would that sentence be? Answer The European Court of Justice did not re-invent cross-border patent enforcement in Europe. But after many years, it clearly gave it much more room to develop. BLOCK 7 – THE REACTION OF THE IP COMMUNITY Host So, how was the decision received after it was published? Answer Ah, the reaction was very strong. It quickly became clear that many people saw the decision as much more than just another patent case. Many articles and commentaries described it as an important development in European patent litigation. Host Did that surprise you? Answer To some extent, yes. Of course, we knew that the questions referred to the European Court of Justice were important. But I was surprised by how quickly the decision became a major topic of discussion across the European patent community. Host Er, you later presented the decision at several conferences yourself, right? Answer Yes. The discussion started right away. I had the opportunity to discuss and present the case at several conferences and events, including the annual VPP conference in Germany and the Ingolstadt Patent Symposium. I recently received an invitation to serve as a panel speaker on cross-border litigation at the AIPPI World Congress 2026 in Hamburg. What struck me most was that both internal and external IP counsel were trying to understand the practice consequences of the decision. Host So, what was the question you were asked most often? Answer Almost always the same one: How far does this decision really go? People wanted to know whether this was simply a correction of earlier case law or whether it marked the beginning of a new phase in cross-border patent enforcement. Host And what did you say? Answer I would describe it as: neither a revolution nor a minor adjustment. The European Court of Justice did not rewrite the system. But it clearly changed the balance between the different jurisdiction rules. That is why I believe the decision will continue to be discussed for many years, both in practice and in academia. Host Er, one year later, the case received the Managing IP Award as the “Europe Impact Case of the Year.” What did that recognition mean to you? Answer First of all, it was a great honor for everyone involved. But for me, the most important thing was the message behind the award. The award showed that the decision affects much more than the parties involved in the case. It has an impact on European patent practice as a whole. And it also shows that the underlying jurisdiction questions reach far beyond patent law. They are relevant whenever companies have to enforce rights across borders in an increasing international world. That is what makes this case special. Host You often describe this case as a team effort. Answer Absolutely. A case of this size is never the work of one person. Many people contributed over many years. On the BSH side, team members from different functions played an important role throughout the proceedings. And we worked closely with external advisors in several countries. So I see the award as recognition of a shared achievement rather than an individual success. Host Looking at the discussions today, would you say the debate is over? Answer Not at all. I actually think we are only at the beginning. There are still many practical questions that home courts will have to answer in the coming years. That is exactly why the decision remains so interesting. BLOCK 8 – WHAT DOES THE DECISION MEAN IN PRACTICE? Host Let’s move from legal theory to practical business implications. What does this decision mean for patent owners and companies? Answer In my view, the biggest change is strategic. Patent owners now have better opportunities to bring cross-border disputes together in one central proceeding. At the same time, companies need to be aware that they may face claims at their European headquarters covering activities in several countries. So the decision creates opportunities, but it also creates new risks. Host That sounds really like a significant shift; right? Answer I would call it a rebalancing rather than a revolution. The European Court of Justice did not create a completely new system. But it made clear that the general rule — suing a defendant where it is based — plays a much bigger role than many people had assumed. As a result, the court at the defendant’s home base becomes much more important strategically. Host In the patent community, people often talk about cases such as Fujifilm v. Kodak, or Regeneron v. Formycon or Onesta v. BMW. Why are those cases attracting so much attention now? Answer Because they show how quickly practice is already adapting to the new possibilities. Fujifilm was important because it was one of the first UPC cases to test the logic that was later confirmed in BSH. At that time, the BSH case was already pending before the European Court of Justice, and the Advocate General had expressed a view that pointed in that direction. Against that background, the Düsseldorf Local Division accepted jurisdiction over the UK part of a European patent even before the European Court of Justice delivered its judgment. In June 2026, based on the principles confirmed in BSH, the UPC Court of Appeal further developed that approach. Host And what happened in Regeneron v. Formycon ? Answer In the Regeneron case, the Munich home court applied the approach confirmed in BSH and granted a Europe-wide injunction based on a European patent. That was one of the first examples of a national home court using the BSH framework in practice. That demonstrates that the decision is not just an academic discussion. It already has practical consequences. Host And what about the Onesta case? Answer The Onesta case shows that the debate has moved beyond Europe. After Onesta attempted to assert two U.S. patents before the Munich home court, BMW obtained an anti-suit injunction from a Texas federal court. Judge Albright took the view that U.S. patents should generally be decided by U.S. courts. The Onesta case therefore illustrates that the limits of the BSH logic are now being tested internationally. Host Did that end the proceedings in Munich? Answer Not necessarily. What makes the case interesting is that the Texas injunction was directed against Onesta, not against the Munich home court. At the same time, Onesta appealed Judge Albright’s decision in the United States. The Munich home court therefore decided to stay the case for the time being. Importantly, however, the Munich home court did not reject its own jurisdiction. So, at least for the moment, the underlying question remains open. Host Can a European home court ultimately decide infringement claims based on U.S. patents? Answer That question has not yet been answered. But the case has already shown that such an attempt can trigger strong reactions outside Europe. In that sense, the debate has moved from a European jurisdiction question to an international jurisdiction conflict. Host For our audience of internal and external IP counsel, what are the main lessons from this decision? Answer For me, there are three key takeaways. First: Patent enforcement has become more international. National litigation remains important, but companies should think across borders from the very beginning. Second: The choice of forum is becoming more important. Where you bring a case may be just as important as the legal arguments themselves. And third: Long-term commitment matters. This case shows that major developments rarely happen because of a single filing or a single hearing. They usually result from pursuing a clear strategy consistently over many years. Host Do you think this decision will also influence the Unified Patent Court, the UPC? Answer Yes, I believe so. The decision fits into a broader trend toward more centralized patent litigation. Both, the UPC and the BSH decision are driven by the same idea: Handling cross-border disputes more efficiently and more consistently. What is interesting is that many of the questions were faced in BSH versus Electrolux are now reappearing in a new form before the UPC. Cases like Fujifilm versus Kodak show that the discussion about jurisdiction, scope, and cross-border effects is far from over. Institutions may be new. But the underlying challenge remains the same: How do we enforce patents effectively across borders? Host Some commentators even see this as a step toward a more independent European patent judiciary. Do you agree? Answer To some extent, yes. Professor Hanns Ullrich, who supervised my doctoral studies on the legal protection of a then new semiconductor technology many years ago, recently observed that the UPC is gradually developing its own European case law.[DH1] I think that is — again — a very accurate observation. If you look at the developments since BSH and the first UPC decisions, you can see that European patent litigation is becoming more connected. National courts will remain important. But at the same time, we are seeing a more integrated European patent system taking shape. How far that development will go remains to be seen. Host Looking back on the entire journey — from a vacuum cleaner patent, through litigation in several countries, all the way to the European Court of Justice and an award-winning decision — what is your personal conclusion? Answer My main conclusion is that innovation needs effective legal protection. But it also requires the willingness to challenge established assumptions and explore new approaches. For me, the BSH versus Electrolux case shows that persistence, teamwork, a willingness to challenge accepted assumptions, and a long-term strategic view can sometimes lead to developments that go far beyond the original dispute. BLOCK 9 – THE PERSON BEHIND THE DECISION Host Ernst-Peter, today we have talked a lot about jurisdiction, patent enforcement, and European case law. When you look back at this journey, which has lasted almost twenty years, what impressed you most? Answer Probably the realization that major developments rarely follow a straight line. When we started thinking about the case, we were dealing with a very practical problem. Nobody said: Let’s create a landmark decision of the European Court of Justice. We were simply looking for a reasonable and practical solution for a company. The fact that this would eventually lead to a decision with Europe-wide impact was something nobody could foresee at the time. Host Were there moments when you thought the case might fail? Answer Of course. Whenever a case lasts many years, there will be setbacks, new questions, and unexpected developments. That is exactly why persistence is so important. In the end, success is often not about one filing or one hearing. It is about staying focused on a clear objective over a long period of time. Host You often talk about teamwork. Is that one of the main lessons from this case? Answer Absolutely. A case of this size requires commitment from many people and institutes over many years. On the BSH side, my role was to help maintain the strategic direction and long-term commitment that such a case requires. At the same time, experts from different functions within BSH contributed technical expertise, testing, documentation, and practical support throughout the proceedings. On the legal side, Roman Sedlmaier and his team at IP-Counsels Gigerich & Sedlmaier (IPCGS) helped develop the cross-border litigation strategy and the overall case architecture. Our Swedish litigation team then carried the arguments through all stages of the proceedings. Looking back, it was the combination of institutional commitment, technical expertise, strategic leadership, well-designed case architecture, and consistent execution that made the difference. Host One final question. What advice would you give to young internal or external IP counsel? Answer Stay curious: Don’t be afraid to question accepted assumptions. Be patient: Intellectual property is usually a marathon, not a sprint. And never forget that every patent dispute involves an invention, a business, and many people who have worked hard to bring that innovation to market. For me, that connection between technology, law, and strategy is what still makes this profession so fascinating today. Host Ernst-Peter, thank you very much for joining us today on IP Fridays. Answer Thank you. It was a pleasure to be here.

Every element in our story should contribute to entertaining the reader including our settings.  We can replace our dull settings with fascinating locations, and here's how to do it.  Also: what's wrong with this sentence?  Running along the street, the purse bounced against her leg.  It's a funny dangling modifier.  Funny if it doesn't appear in our story.  Here are thoughts on dangling modifiers, and how to avoid them.  Plus, the rule of exceptions.  Here is a 20-episode master class on fiction writing—a start-to-finish course covering plot, characters, dialogue, scenes, sentence-level craft, and much more.  Each episode is focused and about 30 minutes.  The full class—all 20 episodes—is available now for a one-time price of forty-nine dollars.  If you want structured, concise guidance, click the Buy the Master Class link in the show notes to get started.Support the showBuy the master class.

Show NotesEpisode 34 — The Strength of a Balanced LifeFor a long time I believed the answer was always more.More work.More training.More discipline.More hours.The problem is that extremes often work—at least for a while. They can build companies, finish ultramarathons, and produce remarkable results. But they rarely produce a sustainable life.In this episode, I reflect on something I've slowly changed my mind about over the years.Perhaps balance isn't about slowing down.Perhaps it's about having enough range.When work becomes overwhelming, can you move into nature?When your body needs recovery, can you read instead of run?When business becomes stressful, can you create, write, paddle, or simply rest long enough to return with fresh perspective?I also explore how ideas from Polyvagal Theory have influenced my own thinking. Rather than living permanently in a state of low-grade stress ("yellow"), maybe the goal is learning to recognise where we are—and gently finding our way back to the calm, creative, present state where our best work actually happens.Along the way I share stories about: Running 54 kilometres without training specifically for an ultramarathon. Building SwiftReporter while trying not to lose myself in the process. Why we built software to give professionals their evenings back. Why having multiple interests creates resilience. My grandfather's simple definition of success. Why I no longer believe balance is the opposite of ambition.I don't mind hard days.I mind hard lives.Perhaps the strongest life isn't the one that can endure the most pressure.Perhaps it's the one with enough range to keep returning to what matters.Continue ExploringIf this episode resonated, here are a few free resources you might enjoy:• The Human Baseline — A free 20-point diagnostic exploring the foundations of a healthy, meaningful life, including sleep, movement, work, relationships, recovery and purpose.• The 42 — A free collection of 42 short stories, observations and reflections on building a good life.Both are available at evansutter.com.If you enjoyed this episode...If Sutterfaction has become part of your week, I'd be incredibly grateful if you subscribed, left a review, or shared the episode with someone who might need it.It genuinely helps more people discover the show.Until next week,Keep building a life—not just a living.

Susanne Mueller Zantop is a communications technology entrepreneur and high altitude mountaineer based in Switzerland, working with senior leadership in high pressure-situations. She founded her first company at 24, worked in large corporations on senior leadership levels, later co founded CEO Positions AG to support C-Level executive teams to convey strategic messages in their markets. Susanne has climbed some of the world's highest mountains—including Mount Everest—and uses the lessons from extreme environments to explore leadership under difficult circumstances, setbacks, and transformation. Today, she joins us to tell the story how she managed to continue leading her company while she was undergoing cancer treatment over the last 24 months. LinkedIn: https://www.linkedin.com/in/susannemuellerzantop/ ***********Finalist "Women in Cloud - Podcast of the YEAR" - #empowHERaccess Global Prestige Awards 2026Susanne Mueller / www.susannemueller.biz TEDX Talk, May 2022: Running and Life: 5KM Formula for YOUR Successhttps://www.youtube.com/watch?v=oT_5Er1cLvY Join Substack: https://substack.com/@susannemuellernyc?Enjoy one coaching session for free if you are a yearly subscriber. 800+ weekly blogs / 500+ podcasts / 1 Ironman Triathlon / 5 half ironman races / 26 marathon races / 4 books / 1 Mt. Kilimanjaro / 1 TEDx Talk

This week on the RoadFS / Detail Bookie Podcast, we're joined by Cole McCrary, Marketing & Sales Coordinator and Head Trainer at SONAX USA.Cole shares what he's learned after nearly a decade in the professional detailing industry—from training thousands of detailers to working alongside some of the biggest names in automotive appearance.In this episode we discuss:• The biggest mistakes new detailers make• Why professional training matters more than YouTube videos• What separates successful detailing businesses from everyone else• The future of SONAX products and detailing technology• Running a profitable detailing business• Building a brand in the detailing industry• Why business systems are just as important as detailing skills• Upcoming SONAX training at the Petersen Automotive Museum• SEMA, Detail Fest, and where the detailing industry is headedWhether you're just starting your detailing business or looking to grow an established operation, this conversation is packed with practical advice that can help you become a better detailer and a better business owner.GuestCole McCrarySonaxhttps://sonaxusa.comHosts:Jody Sedrick RoadFS/DetailBookie PodcastRoadFS CRM - https://roadfs.comDetailBookie CRM - https://detailbookie.io

Coach Caroline and Coach Valerie dig deep into why drills matter so much in the RunRx method and why they are not just an extra add-on before a run. Valerie explains that drills are part of the foundation of better running because they prepare the body for the movement pattern you are about to do, help you understand what your body feels like on a given day, and give you a way to train running without automatically jumping straight into miles. In this episode, the conversation focuses on movement preparation, not just workout volume, and why so many runners feel better when they stop treating the first mile as their only warmup and start thinking about drills as real training.The discussion also shows why running is a skill and not just a fitness activity. Caroline and Valerie talk about how runners often want to “just run,” but if the body has not been prepared first, that run can feel awkward, inefficient, uncomfortable, or even painful. Valerie compares running to other sports like swimming, football, and pickleball, where warmups and drill work are always part of the training process. She explains that drills help build muscle elasticity, improve the running pose, support better balance and movement, and give runners a smarter way to progress instead of simply piling on more miles. If you have ever felt stuck, unsure what warmup to do, or frustrated because your runs do not feel smooth, this episode gives a clear reason to slow down and train the movement before asking for more distance.▶️ Free 30-Day RunRX Reboot — Skill, Strength & Self-Care https://www.youtube.com/watch?v=a0N-GZ0AosI&list=PLDPcF8ZrDdILC8bYyn2zR-4xvqKRzp2re▶️ Join the RunRX Membership https://runrx.fit/join-runrxstrongWebsite: https://runrx.fit App: RunRx Academy — search “RunRx Academy” on Apple App Store or Google Play Support email: support@runrx.fit

Bienvenue dans notre nouvelle série dédiée aux clés de la performance sportive, en partenariat avec Nutripure.Marine Leleu anime cette série et partage ses expériences aux côtés d'invités inspirants, sportifs et experts.Dans cet épisode, nous abordons l'importance de la nutrition dans la performance sportive. Si le sujet semble souvent réservé aux athlètes de haut niveau, manger en adéquation avec l'intensité de sa pratique est en réalité indispensable, quel que soit le niveau.Avec Laure Ldiet et Arthur Reynes, partenaire d'entraînement de Marine, nous démêlons le vrai du faux et partageons des conseils simples pour ne plus se sentir perdu face à la nutrition sportive.Pour découvrir les produits Nutripure, profitez de 10 % de réduction avec le code DLTDC, retrouvez toute la gamme ici : https://www.nutripure.fr/fr/?s=DLTDCHébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

This week on the best in pet talk radio, Petrendologist Charlotte Reed talks with Kelly Ransdell, the National Fire Protection Association Education Director, shares fire safety prevention tips; and with Deborah Fellin Magaldi, Cat's Paw Rescue Group about the realities of running a pet rescue organization in an era of rising cost Header: Fire Safety Prevention & Realities of Running a Rescue

Alan and Ian dive into a packed episode this week,  things get wonderfully unhinged as Alan unveils 24 animal‑themed jokes gifted by Victoria Wheelhouse at Farm Yard Jam — drip‑fed throughout the show like questionable race nutrition. The lads bounce through everything from old‑school footballs that moved like UFOs, to celebrities (yes, even Harry Styles) turning up at running events, to the brilliantly bonkers "99 Laps" format that's part Backyard Ultra, part gladiator arena. There's a full breakdown of recent race experiences — Decca Manchester highs and lows, Ultra race chaos, volunteer judge struggles, Yorkshire Tough Mudder's wind‑powered Electroshock Therapy, and Liv smashing it as DecaKids race director. CrossFit Games results, Pentathlon updates, Deadly Dozen previews, and even a quick nod to Kevin Keegan's legacy at the Great North Run round out the show. It's messy, funny, informative, and very Swift Half. Watch this episode live on Youtube at UKOCR TV https://www.youtube.com/@UKOCR  If you have any questions about the show or would like to explore advertising opportunities, feel free to reach out to us at admin@ukocr.com.

WWE's growing influence at SiriusXM has wrestling fans asking one big question: Could Dave LaGreca's time with the network be coming to an end? As WWE continues to expand its media footprint, the future of wrestling talk radio could be headed for a major transformation. Join Monte & The Pharaoh, the Howard Stern of Pro Wrestling, as they break down the rumors, discuss what a WWE takeover could mean for SiriusXM programming, and debate whether Dave LaGreca's role could be impacted. Is this the beginning of a new era for wrestling media—or just speculation? Tune in and join the conversation! #WWE #SiriusXM #DaveLaGreca #BustedOpen #WrestlingNews #ProWrestling #WWERaw #SmackDown #WWEPodcast #MonteAndThePharaoh #WrestlingCommunity #WrestlingTalk #SportsEntertainment #WrestlingRumors #YouTubeWrestling Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today on The Press Box, Bryan is joined by Vanity Fair's global editorial director, Mark Guiducci. They talk about how he became interested in Vanity Fair, his time at Vogue, his editorial purview at Vanity Fair, his five favorite Vanity Fair covers, and much more.Host: Bryan CurtisGuest: Mark Guiducci Producers: Isaiah Blakely, Jon Jones, and Lucy Brick Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stay informed on current events, visit www.NaturalNews.com  - Fauci's Depopulation Agenda and Biological Weapons (0:10) - Government Lies and Radiation Risks (4:31) - Fauci's Testimony and Fifth Amendment Invocation (11:48) - Trump's Role in the Depopulation Agenda (23:33) - The Depopulation Agenda and the Role of the Military (1:03:35) - The Impact of Nuclear War on Humanity (1:03:47) - The Role of AI and the Future of Humanity (1:03:59) - The Global Energy War and Its Consequences (1:05:31) - The Role of Technology in Survival (1:05:44) - The Importance of Self-Reliance and Preparedness (1:13:36) - Europe's Economic Collapse and Geopolitical Tensions (1:15:34) - The Role of Young Men in the Conflict (1:22:02) - The Impact of Nuclear War and COVID-19 Vaccines (1:25:56) - The Future of Humanity and Technological Advancements (1:33:01) - Preparedness and Survival Strategies (1:39:56) - The Role of Local Law Enforcement and Community Support (1:40:11) - The Ethics of Self-Defense and Protecting the Innocent (1:41:08) - The Importance of Training and Skill Development (1:49:26) - The Role of Technology and AI in the Future (1:49:40) - Final Thoughts and Call to Action (1:50:37) Watch more independent videos at http://www.brighteon.com/channel/hrreport  ▶️ Support our mission by shopping at the Health Ranger Store - https://www.healthrangerstore.com ▶️ Check out exclusive deals and special offers at https://rangerdeals.com ▶️ Sign up for our newsletter to stay informed: https://www.naturalnews.com/Readerregistration.html Watch more exclusive videos here:

Written by AlexCome and follow more adventures on our animated TV show on Youtube!

Zohran Mamdani says his grocery store plan is about compassion. His own deputy mayor just told you it's about control. Here is the real question…does this even have a chance of working?SPONSOR: Angel StudiosYoung Washington tells the untold origin story of George Washington at 20, showing how his failures and near-death experiences shaped the leader who won America's independence. Perfectly timed for America's 250th, it's the blockbuster event of the summer and one to see on the big screen. Angel Guild Premium members get two free tickets to every Angel theatrical release, including Young Washington.Join the Angel Guild as a Premium member and get 2 free tickets to Young Washington at https://www.Angel.com/Nick-----GET YOUR MERCH HERE: https://shop.nickjfreitas.com/BECOME A MEMBER OF THE IC: https://NickJFreitas.comInstagram: https://www.instagram.com/nickjfreitas/Facebook: https://www.facebook.com/NickFreitasVATwitter: https://twitter.com/NickJFreitasYouTube: https://www.youtube.com/@NickjfreitasTikTok: https://www.tiktok.com/@nickjfreitas3.000:00:00 – Can Mamdani really cut grocery prices 30%?00:01:24 – The "grand experiment" that already failed00:04:29 – Who really made New York's groceries so expensive?00:08:09 – A city-owned store that opens in 202900:10:43 – The trick: taxpayers subsidize00:16:22 – "Doing everything right"? The Harlem data00:21:02 – Why the private market really left00:24:58 – Hiding the real cost in your tax bill00:27:07 – Dignity, quality, and moving the goalposts on food00:34:04 – It's about power, not your grandkids' future00:37:53 – Guess who said it00:43:40 – Rent control, subsidies, and the slow seizure00:49:14 – Running out of other people's money

YahZarah, a captivating singer/songwriter, enchants audiences with her mesmerizing voice, electrifying stage presence, and unique perspective as an art heroine. Her music spans across a wide range of genres, including soul, rock, pop, hip-hop, and jazz. Praised by fans and critics alike, she is often compared to the likes of Janelle Monae, Erykah Badu, and Bilal, drawing inspiration from legendary figures such as Tina Turner, Chaka Khan, and Lenny Kravitz. Her latest album, "The Ceremony," showcases her fiery rock and soul sound, creating an immersive live concert experience with its otherworldly synthesizers, powerful drums, and dynamic strings. She encompasses the tenderness of Adele, and the audacity of Prince.She is the archetype of an urban pop Joan of Arch She has shared the stage with the Roots, Anderson Paak, and Bilal Oliver, and held the featured performer on Anthony Hamilton's “Playing it Cool Tour” at the House of Blues. She started her career lending her unique soprano to Erykah Badu's Band “Camp Wisdom” where she would stay for seven years singing backing vocals and providing vocal arrangements for some of the most beloved songs her “Mama's Gun” release.YahZarah has performed for two president Bill Clinton and the first inauguration of former President Barack Obama. YahZarah then went on to become a member of Rock Legend Lenny Kravitz's band for four years on his incredible“Strut Tour” and putting down some considerable vocals in his rockumentary “Just Let Go” ans sang as a key voice on Madonna‘s, Madame X tour .YahZarah was an instrumental creative collaborator while in the legendary “The Foreign Exchange” winning BBC of the year for her songwriting and performance on the single “Sincere” and two other highly regarded projects with the duo.Her release, “The Ballad of Purple Saint James”was considered for a Grammy in 6 major categories. And her most recent project “The Ceremony” single “Running was featured in episode 8 of Spike Lee's “She's Gotta Have It”.Her latest album, "The Ceremony," serves as a testament to her resilience and growth during a seven-year hiatus from the music scene. Collaborating with acclaimed musicians like Ray Angry, Steve McKie, Jonas Soul, NPG's Kat Dyson YAHZARAH has found renewed inspiration and creative energy. Through this album, she showcases her powerful vocals and eclectic musical influences.This episode is proudly sponsored by Cadenas Law Group - Las Vegas' #1 personal injury firm, a boutique law firm with concierge service.Panther Diamonds- Madison ave. prices with diamond district prices.

Reflections from host Sarah Olivieri ... "Run It Like A Business" There is a quiet belief inside a lot of nonprofits that running things like a business would somehow cheapen the mission. That budgets, product thinking, and direct asks belong to the for-profit world, and that the nonprofit world runs on something purer. Heart. Passion. Care. The care is real. The problem is that heart gets asked to do a job it was never built to do. When there is no clear product, no business-grade financial forecasting, and no habit of quantifying value in dollars, people compensate with effort. They work harder. They care louder. And the organization still stalls. Running a nonprofit like a business is not the thing that threatens your mission. Avoiding it is. A version of this tension shows up almost every time I talk with a founder who built something meaningful and then hit a ceiling they cannot explain. I had a conversation recently with Barb Clapp, who built a workforce development organization from nothing into one that has trained thousands of people, and it sharpened how I think about this. The idea was not new to me. What she did was name exactly why the business lens holds up, and why the absence of it quietly breaks things. Mission Is What You Do. Method Is How You Do It. One of the most expensive confusions in the nonprofit world is treating the mission and the method as the same thing. Your mission is fixed. It is the reason you exist. Your method is everything else. How you deliver, how you fund it, how you structure the team, how you ask. The method is allowed to change. In fact it has to, or the mission gets stuck inside an approach that stopped working. I am a sailor, so forgive me, my sailing references tend to pop up. An America's Cup boat can sail several times faster than the wind pushing it. The wind does not change. The boat design does. Your mission is the wind. Your method is the boat. When leaders feel stalled, they almost always reach to protect the mission by clinging harder to the method. That gets it backwards. You honor the mission by being willing to rebuild the boat. The business lens is a method decision. It changes nothing about who you serve. It changes how much of them you can actually reach. You Have a Product, Whether You Name It or Not Here is where most organizations lose the thread before they even start. Barb said something in our conversation that I have not stopped thinking about: "People do not understand what their product is. They don't have a clear picture of what it is they're doing, why it makes a difference, and how they're going to tell a story."   What I appreciate about this framing is that it explains the mechanism. Every organization has a product and a buyer, even when it refuses to use those words. Your product is the specific change you create. Your buyer is the funder or donor who pays for that change to happen. When you cannot say clearly what your product is, everything downstream gets harder. Your messaging blurs. Your fundraising softens. Your team cannot rally around a result they cannot name. More detail does not equal more clarity here. Organizations often try to fix a fuzzy product by adding more program descriptions, more impact language, more mission poetry. That adds volume, not clarity. The fix is narrower. What is the one thing you produce, why does it matter, and who benefits enough to pay for it. Answer that and the rest of the machine has something to organize around. If you have never separated your product from your good intentions, that is worth doing before you touch anything else. I wrote more about the marketing side of this in what marketing really is and where it fits into your nonprofit. Business Values Do Not Replace Heart. They Protect It. The fear is that a business lens will crowd out the reason people came to the work. It does the opposite when it is done well. Barb put it plainly. She brought real business-based values into her nonprofit in addition to the heart-based ones. Budgets that get made and then actually followed. A strategic plan. Clear annual goals that everyone in the organization understands. Real job descriptions. None of that dilutes the caring. It gives the caring somewhere to land. At the end of the day, an organization without a real strategy cannot protect its mission for very long. A strategy is what tells you which opportunities to say yes to and which to let pass, which programs to double down on and which to sunset, where the next dollar should go and where it should not. Without one, every decision gets made in the moment, and moments add up to drift. Mission and money are not in conflict. They are mutually dependent. The money is what lets the mission keep showing up next year, and the year after that. Leaders who run everything from a heart place alone often feel like they are being noble. What they are actually doing is putting the mission at risk, because a mission with no financial floor under it is one bad quarter away from disappearing. This is one of the six things nonprofits can learn from the for-profit world, and it is the one that changes the most when a leader finally lets it in. Growth With Heart Alone Has a Ceiling You can grow a nonprofit on heart alone. You just cannot scale it that way. Growth is doing more. Scale is doing more per dollar, per person, per hour. Scale is what happens when you apply efficiency and leverage to the work, so that each resource produces a larger result than it did before. Heart gets you off the ground. It does not get you altitude. At some point, the leader who is running on care alone hits a wall, and because they care so much, the wall is deeply frustrating. Barb's organization scaled because she thought in terms of leverage from the start. She repurposed existing structures instead of rebuilding from scratch. She built revenue that funds the mission instead of chasing every dollar cold. She hired people who could own outcomes. Every one of those is a leverage decision, and leverage is a business concept that nonprofits need more than almost anyone, because the work matters more than almost anything. If you are feeling stalled right now, working harder is rarely the way out. Working differently is. That difference usually lives in structure, and structure is fixable. I made the fuller case for that in structure holds vision, the leadership system CEOs need. What Changes When You Let the Business Lens In When a leader finally stops treating business thinking as the enemy of the mission, the whole organization gets lighter. The product gets clear, so the story tells itself. The budget holds, so the panic drains out of every funding cycle. The asks get sized correctly, so the money starts matching the need. The team fits the phase you are actually in, so the turnover stops. None of this makes the work smaller. It makes the work hold. The heart is still the whole point. It finally has a structure strong enough to carry it. This isn't about caring less. It's about building something that can carry how much you care. Nonprofits can name their product. They can keep a budget. They can make the ask.   Not by trading away the mission, but by giving it a business strong enough to keep it alive. About the Guest Barb Clapp is not just a leader—she is a force of transformational change. A successful entrepreneur and nationally recognized business leader, Barb has always been committed to giving a voice to the voiceless. What makes her truly inspirational is how she draws on her own experience of overcoming adversity to empower others by providing the resources, support, and solutions they need to overcome their own challenges and achieve lasting success. As CEO of the nonprofit Dwyer Workforce Development (DWD), Barb is disrupting the traditional approach to solving the healthcare workforce crisis and creating a new paradigm for healthcare workforce training.  DWD Bio: Dwyer Workforce Development (DWD) is an innovative, national nonprofit with a mission to provide comprehensive support to individuals who lack opportunity and aspire to build careers in healthcare, alleviate a critical healthcare workforce shortage and improve the lives of seniors and the community at large. DWD provides CNA and GNA training and job placement support to underserved individuals and need-based wraparound services — including financial support for housing, childcare, and transportation — to eliminate barriers to success. As Scholars achieve key milestones, they become eligible for continued training and educational opportunities, creating pathways to become Licensed Practical Nurses (LPNs), Registered Nurses (RNs), and advance into additional roles in healthcare. Connect with Barb: https://dwyerworkforcedev.org https://www.facebook.com/dwyerworkforcedevelopment https://www.instagram.com/dwyerworkforcedev/ https://www.linkedin.com/company/dwyer-workforce-development/ Be sure to subscribe to Inspired Nonprofit Leadership so that you don't miss a single episode, and while you're at it, won't you take a moment to write a short review and rate our show? It would be greatly appreciated! Let us know the topics or questions you would like to hear about in a future episode. You can do that and follow us on LinkedIn.

Golden State Warriors beat reporter Sam Amick from The Athletic joins Krueger and Silver to break down the Warriors decision to run it back with the current roster and what this means for Steph Curry's future. Plus, Amick gives his thoughts on LeBron's decision to go to Philly.See omnystudio.com/listener for privacy information.

In this episode of the Movement Podcast, Gray Cook and Lee Burton are joined by Dr. Todd Arnold, a board-certified sports medicine physician with more than two decades of experience caring for athletes at every level — from high school and collegiate sports to NCAA Championships, World Championships, and elite international competition.Dr. Arnold serves as the medical officer for elite athlete healthcare for USA Track & Field, where his role is not simply to react to injuries, but to help athletes stay healthy enough to train, compete, and perform when it matters most.This conversation explores how movement assessment fits into modern sports medicine and why runners need more than mileage, strength, or biomechanics alone. Dr. Arnold shares how he uses movement screening, Y Balance, table exams, biomechanics, recovery conversations, and individual baselines to better understand each athlete's state of readiness.The discussion covers:Why sports medicine needs to move from reactive to proactive careHow Dr. Arnold applies movement systems with elite runnersWhy every runner needs an individual baselineThe three things Dr. Arnold does not want to miss in runnersAnkle dorsiflexion asymmetryGlute sequencing and timingThoracic extensionWhy running is repetitive, predictable, and demandingHow movement screens help create athlete buy-inWhy table exams still matterHow Faber and Thomas testing relate to running mechanicsThe relationship between movement readiness and wearable dataWhy recovery may be the biggest mistake many runners makeHow coaches, clinicians, sports psychologists, dietitians, and biomechanics teams can use movement as a shared languageThe key takeaway: running performance is not just about training harder. It is about understanding whether the athlete is ready to absorb, adapt, and repeat the work.Learn more about Functional Movement Systems:https://www.functionalmovement.com/Functional Movement SystemsYouTubeFacebookInstagramX (Twitter)Subscribe to the FMS Newsletter

This week, Adam recaps a nearly perfect live band karaoke night, including a packed room, a prospective wedding client who actually showed up, singing with his dad, and a sound engineer powering through a broken foot.The guys also introduce a new look back at this week in Cover Band Confidential history before abandoning the planned topic entirely to address Fender CEO Bud Cole's comparison of cover bands to “analog AI.”It is an analogy that manages to misunderstand cover musicians, generative AI, copyright, royalties, musicianship, and a significant portion of Fender's own customer base all at once.Adam and Dan break down why performing an existing song is not remotely the same as generating content from uncredited source material, how working bands help sustain the music economy, and why Fender probably should not diminish the musicians buying its instruments.Cover bands are not artificial intelligence. We are actual intelligence.Most of us, anyway.Episode Links: -Block Parties, Bombshells, and Bloody Knuckles- 08-01-25-Music, Politics (and the art of keeping your mouth shut)- 07-25-24-The Three Things You Need To Succeed- 07-27-23-Weaponizing The Audience's Nostalgia- 07-28-22-The Magic Word 07-29-2021-Nick Niespodziani of Yacht Rock Revue (Vulture Article this week) 07-2020-061 (Running your Band like a Business)- 07-29-19-018 (Finding bandmates and building relationships with venues) 07-26-2018Sweetwater Affilate Link: https://sweetwater.sjv.io/xJE4rk  BACTrack Affiliate Link: https://www.bactrack.com/coverbandconfidential  MaestroDMX (10% off discount link): https://maestrodmx.com/discount/DISCOUNT4CBC?redirect=%2Fproducts%2FmaestrodmxBlank Contracts & Riders: https://www.coverbandconfidential.com/store/performance-contractsBacking Track Resources: https://www.coverbandconfidential.com/store/backing-track-resourcesThank you so much for tuning in!  If you want to help be sure to like, subscribe and share with your friends!  BANDLEADER RESOURCES: https://www.coverbandconfidential.com/links Consider supporting us on Patreon! www.patreon.com/coverbandconfidential

Wolf and Paul Calvisi discuss how the Arizona Cardinals are running their training camp and their interest in realistic trade candidates for the Arizona Diamondbacks.

David Yim is the online personality that you've definitely seen on your feeds. Self named Short Fat Guy Runs The Majors, you can tell how views his marathon attempts!Running all 6 majors in the quickest possible time, David has an incredible dedication to pushing the limits of his running all in the name of one goal... to boost his fundraising! Seeing the direct impact his efforts are making while running for Young Lives vs Cancer, he wants to remind all those people thinking of fundraising - just how important their work is!

With Josh Tomolak, Vice President of Independent Advisor Services, Diamond Consultants Louis Diamond and Josh Tomolak unpack today's IBD vs. RIA landscape, explaining what has changed, where each model excels, and how to determine which path best supports the business you want to build. In Summary The independent wealth management landscape has changed dramatically, making the decision between an independent broker dealer (IBD) and an RIA more nuanced than ever before. Louis Diamond welcomes Diamond Consultants' Vice President of Independent Advisor Services, Josh Tomolak, for a practical discussion of how the independent space has evolved, what truly differentiates the IBD and RIA models today, and how advisors can evaluate which path best aligns with the business they want to build. The Storyline Not long ago, the decision to become independent was relatively straightforward. Advisors either remained with a traditional firm or pursued independence through one of a limited number of models. Today, the conversation is far more complex. Independent broker dealers have significantly expanded their capabilities, offering stronger technology, larger transition packages, greater flexibility, and even pathways to RIA ownership. At the same time, the RIA ecosystem has matured into a sophisticated marketplace supported by multiple custodians, outsourced service providers, institutional capital, and enterprise platforms that rival many of the industry's largest firms. As these developments have unfolded, the traditional distinctions between an IBD and an RIA have become less obvious. Advisors evaluating their options are no longer simply asking whether they should become independent—they're asking which model best supports the clients they serve, the business they envision, and the lifestyle they want to create. In this Industry Update, Louis and Josh unpack the realities behind the IBD vs. RIA decision. They discuss where the two models overlap, where meaningful differences still exist, and why factors like service, technology, economics, operational responsibility, enterprise value, and long-term optionality often matter more than labels alone. Whether you're considering changing independent firms, launching your own RIA, or simply want a better understanding of how the independent landscape has evolved, this conversation provides an objective framework for evaluating today's choices—and preparing for tomorrow's opportunities. Topics Covered Independent Broker Dealer (IBD) vs. RIA models The evolution of supportive independence Technology investments across the independent space Transition support and advisor mobility Capital solutions and recruiting economics Business formation and enterprise value Launching an independent RIA Multi-custodial platforms and open architecture Minority investments and succession planning Future trends shaping advisor independence > Download a transcript of this episode… Listen and Learn Highlights for Advisors Why are already-independent advisors reconsidering their current model? (5:27) Josh explains why service, technology, economics, and growing optionality are causing advisors to reevaluate their existing affiliations. How have independent broker dealers and RIAs become more alike? (19:28) Louis and Josh discuss the growing convergence between the two models and why the distinction is becoming less obvious than many advisors assume. What really separates an IBD from an RIA? (25:04) A practical discussion of autonomy, compliance, flexibility, custody, economics, and advisor experience. What misconceptions keep advisors from launching an RIA? (36:29) Josh outlines the “Four Pillars” of launching an RIA and explains where advisors tend to either overestimate or underestimate the operational realities. Which advisors thrive most in each model? (33:12) The conversation explores why there isn't a universally “better” model—only one that's better aligned with an advisor's goals. What trends are quietly reshaping independence? (42:13) Minority investments, enterprise value, business formation, and changing revenue models may have an even greater impact than advisors realize today. Key Takeaways Independence has evolved from a destination into an ongoing strategic decision. Independent broker dealers have significantly improved technology, transition support, economics, and flexibility. The RIA ecosystem has matured into a highly sophisticated marketplace with broad outsourcing and support options. Choosing between an IBD and an RIA should begin with long-term business objectives—not industry perceptions. Building a valuable business depends more on business structure and scalability than simply growing assets. Advisors considering independence should evaluate models with an open mind rather than relying on outdated assumptions. The next decade will likely bring continued convergence between independent business models. https://youtu.be/jHDVso2TsmQ Quotable Moments “The question is no longer, ‘Do I want to go independent?' The question is, ‘What kind of independence makes the most sense for my clients, business, and goals?'” “Business formation is far more important than assets under management.” “The way you build your business will ultimately determine how valuable that business becomes.” “Everything in an RIA is going to cost you either your time or your money.” FAQs Is there still a meaningful difference between an IBD and an RIA? Yes. While the two models increasingly overlap, they differ in areas such as flexibility, compliance structure, operational responsibility, economics, and control. Why are more independent advisors changing firms today? Improved technology, stronger transition support, evolving economics, and better service models are prompting many advisors to reassess whether their current platform still fits their business. Is launching an RIA easier than it used to be? Yes. Supportive independence, outsourced service providers, and improved custodial resources have significantly reduced many of the historical barriers. Does every entrepreneurial advisor belong in the RIA model? No. The best fit depends on an advisor's appetite for ownership, customization, operational responsibility, and long-term vision. What matters more: assets under management or how the business is built? Josh argues that scalable business formation often has a greater impact on enterprise value than AUM alone. What's the biggest mistake advisors make when evaluating independence? Starting with assumptions instead of objectives. The most effective due diligence begins by defining the business you're trying to build, then identifying the model best suited to support it. Yes. While the two models increasingly overlap, they differ in areas such as flexibility, compliance structure, operational responsibility, economics, and control. Improved technology, stronger transition support, evolving economics, and better service models are prompting many advisors to reassess whether their current platform still fits their business. Yes. Supportive independence, outsourced service providers, and improved custodial resources have significantly reduced many of the historical barriers. No. The best fit depends on an advisor's appetite for ownership, customization, operational responsibility, and long-term vision. Josh argues that scalable business formation often has a greater impact on enterprise value than AUM alone. Starting with assumptions instead of objectives. The most effective due diligence begins by defining the business you're trying to build, then identifying the model best suited to support it. Related Resources IBD vs. RIA Comparison Guide IBD vs. RIA Revisited: Two Independent Pathways for Advisors to Consider NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. View the transcript of this episode… IBD vs. RIA: A Special Industry Update on Independence A conversation with Louis Diamond and Josh Tomolak, Vice President of Independent Advisor Services at Diamond Consultants.      Louis Diamond: Welcome to the latest episode of our podcast series for financial advisors. Today’s episode is IBD vs. RIA: A Special Industry Update on Independence. It’s a conversation with Josh Tomolak, our Vice President of Independent Advisor Services. I’m Louis Diamond, and this is the Diamond Podcast for Financial Advisors. Mindy Diamond: At Diamond Consultants, we help elite advisors identify the right environment for their businesses to thrive, whether that’s at a wirehouse, boutique, or independent firm. With nearly three decades of experience, we’ve guided thousands of advisors and represented more than a quarter of a trillion dollars in assets transitioned. And each year, one in four advisors managing a billion dollars or more who change firms are our clients. Our process is education driven and based on building relationships, starting as your strategic partner well before you’re even thinking of a move. To schedule a confidential conversation, call us at (908) 879-1002. Wondering why advisors change firms and where they’re headed? Are transition deals going up or down? Those very questions and more inspired us to create our annual advisor transition report. It’s the award-winning data-driven resource designed for advisors that connects the dots between the motivations around movement and the firm’s appetite for top talent. Arm yourself with the knowledge you need to make smart decisions. Download your copy at diamond-consultants.com/transitionreport. Louis Diamond: For a long time, going independent would suggest the destination. Today, it’s often the beginning of a different conversation. As the independent space has matured, advisors have more choices than ever before. Broker-dealers have expanded their capabilities. The RIA ecosystem has become increasingly sophisticated. Capital is more readily available and support models now exist that would’ve been difficult to imagine a decade ago. The result is that many advisors who are already independent are taking a fresh look at whether their current affiliation still aligns with what they’re trying to build. My guest is Josh Tomolak, Vice President of Independent Advisor Services here at Diamond Consultants and our resident expert on independence. Josh spends his days helping advisors evaluate independence in all its forms from independent broker dealers, the fully independent RIAs and everything in between. And his knowledge is critical because the distinction between these models is often blurred. Many broker dealers now offer pathways to greater autonomy while supported independence has made RIA ownership more accessible than ever before. So the question is no longer simply, “Do I want to go independent?” The question is, “What kind of independence makes the most sense for client, business, and goals?” Josh shares what he’s seeing across the landscape, the misconceptions that continue to shape advisor thinking and the factors that matter most when evaluating the next chapter of an independent business. There’s a lot to discuss, so let’s get to it. Josh, thanks for joining me today. Joshua Tomolak: Thanks for having me, Louis. It’s a real privilege to have come. This is a full circle moment for me going from being a student of your podcast, to working alongside you, to being a guest. So I appreciate you having me. Louis Diamond: Amazing. I’m excited for this one too, because you have a fresh and in the weeds perspective that a lot of our guests simply don’t have. So why don’t you start off, you spend your time helping advisors evaluate independence every day. So working with advisors who are already independent, for the most part. And to me, it feels like the independent space has really evolved dramatically over the last decade. I mean, this podcast is really the epicenter of that to prove that out, but give us a little background on your past roles in the space and then we can get into what you’re seeing right now. Joshua Tomolak: Yeah, I’d be happy to. So I took a very non-traditional path into wealth management. I spent a decade as a deep sea Navy diver, and upon completing my service there, I ended up working for TD Ameritrade. And in my role there, I spent about six years doing nothing but helping financial advisors explore the RIA space, whether that was to join or partner with an RIA, sell to an RIA, or in most cases, launch their own RIA. And one of the things that I ultimately came to terms with is it’s just not the right model for everybody. While I’m a huge advocate for it, we would often lose business to the major broker-dealers of the world. And at the time, I really didn’t understand why. In the last six years at Diamond Consultants has been a very interesting purview into what a lot of the broker-dealers have done and are doing to make themselves more RIA-ish and be very compelling to the right advisor. Louis Diamond: Perfect framing. Your background is incredibly germane to the folks you work with. So let’s start off with the softball here. What are you seeing right now? Joshua Tomolak: It’s not so different than the rest of the industry, the wirehouses, the regional firms, things of that nature, that if you took 10 firms, they’re all likely to go different directions, even if they were identical practices. That could be… A third would go from an independent broker-dealer to another independent broker-dealer. Certainly the supported RIA space is growing every day and has created a lot of very fun and unique solutions for advisors, very customized and curated. And then I think there’s still a lot of really great sophisticated teams and individual contributors that are making the decision to go hyper entrepreneurial and launch their own individual RIA. So the movement’s really all over the board from my perspective. Louis Diamond: It does feel like it’s no longer independence is an alternative option or it’s on the fringes. It’s very front and center whether for breakaways, which is a big topic on our podcast, but in general, the infrastructure has become much, much more sophisticated today than ever before. Advisors have way more tools in their toolbox to serve clients, whether in the private markets or through technology. And it’s no longer that if an advisor’s independent, they’re in the minor leagues where they don’t have the same ability to serve clients like they did if they’re at a big bank or a private bank or a wirehouse. Do you agree? Joshua Tomolak: I absolutely agree. And I’m reminded of a question I got one time from a great team that I worked with in New York. They asked me, “Are there really more options than ever before? Because all we see is one firm selling to another.” And I think that’s a really great point. There’s far less broker dealers on the street than there were even five years ago. But for every Commonwealth, for example, that sells to an LPL, up pops three or four really cool private equity-backed, sophisticated RIA platform firms that are built to service their own unique advisor base. Louis Diamond: I think that’s right. Sitting on the sidelines, sitting on top of everything going on in the industry, I feel like capital is always an interesting topic forever. If an advisor wanted to move within the independent world or break away from a big firm to go independent, the only way to get capital was to go to an independent broker dealer. So we still see that, but I feel like today between all these minority acquisition opportunities, we’re seeing firms acquire practices at time of transition, which is somewhat new. There’s debt solutions, recruiting deals are way up for firms that are paying forgivable loans. RIAs now would, in some cases, will pay a forgivable note. What are you seeing there as far as the availability of capital and just deals in general? Joshua Tomolak: It’s a great question and I didn’t want to take the low-hanging fruit, but capital’s been a huge innovation, I guess, in the last five years I’d say. Just to give you rough quotes, please don’t hold me to it, but traditional transition broker-dealer deals were five years ago, 40 to 60% of Trailing Twelve revenue today are somewhere between 90 and 120%, sometimes north of that for the right team. That’s really meaningful money for the team that is thinking about foregoing a wirehouse deal, for example. I’d also say a lot of these firms are getting hyper-creative in how they solve for capital. The minority investment piece that you mentioned is very interesting. We’re seeing a lot of privatized forgivable notes in the RIA space where third-party or private lenders are basically lending the money and the RIA is making the payments on that forgivable note as long as the advisor is affiliated with them. So there’s been a recognition among the RIA space to get away from the, “Oh, they just took a check” type of mantra, and to say, “Look, I understand there are capital needs. These people are taking a risk. We need to solve for that.” So we’ve seen a lot of that in the marketplace. Louis Diamond: Very interesting. I think another thing financially, and then we’ll keep the train moving, that I know I’ve seen, and maybe you can weigh in if you’ve seen the same, is the cost to an advisor or a business owner to join an independent BD or to join an RIA has come way down, probably in part because of Schwab going to zero on trading. That’s been a catalyst. But it feels like we used to say independent BDs were expensive relative to the RIA world. And in some cases, they certainly could be. And if you’re at scale, maybe you can pick up a point or two being in the RIA world versus a BD. But when you have some of these BDs that have a basis point admin fee or no admin fee at a certain size and the payouts I feel like are similar, maybe have gone up a little bit, but it’s more so like the administrator fees, the platform fees, the program fees. Anyone who’s not in that world, it’s like, “What are you talking about?” But basically the way that these broker-dealers make money, it seems like there’s been a pretty big differential in the exchange of value where advisors now get more services, better technology, get more money to join them and get it at a lower cost. Do you agree? Joshua Tomolak: I absolutely agree. I think that maybe that’s one of the larger changes that we’ve seen, and it’s probably one of the benefits from a lot of the industry consolidation on that independent broker-dealer side. The economies of scale of these folks have allowed them to increase their tech spend, increase their service capacities all while offering it to the advisors at a cheaper price. And when I was at TD Ameritrade, one of the biggest pitches was the idea of a 100% payout and you control the fixed expenses, your technology compliance, et cetera. But what’s changed is that broker-dealers are pretty darn comparable on the expenses. All of those admin fees and things you mentioned will still exist, but they’re on a much smaller scale. And I think the question a lot of advisors are asking is, “Am I getting congruent value from my broker-dealer for what I pay for?” And while that answer might’ve been no a couple years ago, today the answer is more often yes. Louis Diamond: Yeah, I would agree. A lot of times we work with advisors who are starting an RIA or affiliating with an RIA or going to a BD and they see how big the deals are in the independent BD world and the payouts are really high and the fees are relatively low. And honestly, it is a hard decision or calculus to make, like, “How does it make sense for me to turn down this extremely lucrative deal when my ongoing economics are going to be somewhat similar in the BD world versus in the RIA space?” I think it’s just an interesting dynamic and we’ll get more into that distinction. One of the stars of the show right here is we’ve seen a ton of advisor movement across the industry. Our annual advisor transition report said that in 2025, over 11,000 experienced advisors changed firms, which is a large number. A lot of those numbers are within the independent world. So advisors who are 1099 through a BD or through an RIA transitioning to another platform or organization or starting an RIA. So why do you think we’re seeing so many advisors reconsider their current firm or their platform or their broker-dealer today than in years past? Joshua Tomolak: It’s a jarring number. 11,000 is definitely a significant amount of advisor movements. To me, it comes down to a few things, but I will say that it’s almost always a conglomeration of pushes and pulls. Pushes being inherent frustrations with your status quo, pulls being the new sexy, shiny things that you see in the marketplace that could be really impactful for your business. To me, it typically comes down to one of three things, at least on the push front, that drives advisors to movement. Service being number one, technology being number two, and economics being number three. And if we were just going to unpack those, I think service being, “Can you call somebody that knows your business, that knows your name? Are you getting the correct answers? Are you being pushed through a phone tree? And even if you’re not doing it, is it taking up a meaningful amount of time of your staff’s free time?” On the technology front, there’s very significant tech spends happening in the industry right now. I think Raymond James and LPL reported, for example, they spent 500 million in 2025 on a tech spend. So advisors are going to the places that are making their life easier. People are looking for a mechanism to really scale their business without having to add staff and a lot of expenses to the bottom line. And technology is just the fastest, most efficient way to do that most times. And then economics, certainly a lot of advisors and teams have built phenomenal businesses and they’ve made a great living without really stressing out about the economics. And they eventually get to a point in their business where what they were giving up as a million dollar producer is far different than what they’re giving up as a $4 million producer. And back to the congruent value, it perhaps stops to make as much sense. Louis Diamond: Well said. I always say when the cost-to-value ratio is out of whack, that’s when advisors sit up and take notice. And not to name names of firms, but there definitely are firms that are more expensive. And even if you look at how much a wirehouse or a Ed Jones advisor paid their firm, it’s like, “What got me here is not necessarily what’s going to get me there.” And while the name on the business card, the resources were incredibly impactful, and I’m so grateful for what my firm, my broker-dealer did for me when I was just starting or when I was smaller. Now the business is bigger, I rely upon different resources or I don’t need the firm as much. So I’d rather plow the cost savings either into income for myself or invest it in areas that are most germane to my business. And it’s usually when that kind of light bulb moment goes off, that’s one of the major pushes that cause advisors to evaluate other options. So I agree with you, those are the major push factors, but then what are the pull factors? What are the major advancements or changes across the independent space that’s causing advisors to say, “Hey, okay, I might have some frustrations, but at the same time, I also need to find something that’s more than marginally better than the firm I’m at. Otherwise, why am I going to go through the hassle, take the risk, et cetera? So what are some of the pull factors that advisors are latching onto today? Joshua Tomolak: Sure. And I might say with one final push factor, there’s a straw that breaks the proverbial camel’s back when you’ve been told for however many years that this change or that change is coming down the pipeline and it never happens. And it translates well into the pull factors is do they do what they say they’re going to do? The talking points really for the pull factors are exactly the same. So the counterpoint to service is perhaps having a direct relationship with the chief compliance officer at a firm or having a dedicated service representative that knows their stuff inside and out and can get you the answer even if they don’t know it off the top of their head. Having the technology to rebalance a household in two clicks instead of two hours. In economics, I think it’s really a transparency of economics. We’ve both worked with some really significant firms that have looked at their P&Ls and said, “where the heck is the money going?” And we’ve looked at the same P&Ls and said, “I have no idea,” because it’s so convoluted. People are happy to pay for good service, good technology, good products, but they just want to know where the money’s coming from. So I think it’s a yin and yang. The same things that they’re the push are often the pull. Louis Diamond: Definitely. I’ll give you a couple other from my perspective. I’ll say first specific to the independent BD world, and then we’ll dive into the RIA, I think it’s a little bit different. But I think some other will say innovations or changes that are causing advisors to really perk up and listen and really make the case to themselves that life will be better at this new organization than the status quo or staying put. We’ve seen major advancements in transition support, whether it’s being able to do a transition without a shred of paper, being able to… I mean, we’ve seen some independent advisors move their entire book within two weeks, which never would’ve happened before. So the firms that I’d say are playing offense, the larger firms that are winning, they have insane headcount around transitions and are always investing in technology, whether now on the AI front or in general. And we’ve seen transitions, they’re never easy. So that’s not a comment to say it’s easy, but a lot of the friction, a lot of the manual work has been taken away, which is massive. You definitely mentioned the significant technology spend. I mean, just the innovations going on across the industry. There’s definitely some firms that are laggards on technology and others that are light years ahead, whether because their tech is more integrated or they’ve built out their platform to be more, we’ll say modular, to plug in different third-party softwares where an advisor can really customize and create their own tech stack. I think there’s been some changes on compliance. It used to be if you’re at an independent BD, you had to be the OSJ by yourself or you had to roll up under an OSJ. But now most BDs offer home office supervision, so a big friction or pain point is taken away. And then I’ll give you a bridge to talk about what we’re seeing on the RIA side. But we’ve also seen, I would say, a real blurring of the lines between what you would traditionally think of as an independent broker dealer versus what was an RIA. So whether it’s an internal pathway where it’s like, “Start off on our independent BD platform, get the big deal, get the support, but then you can ditch that and just use this as a custodian or you can sell the business to us when you want to retire and convert to W2.” So in that vein, transitioning internally to an RIA, give me the same points like, “What are the major advancements or changes you’re seeing on the RIA side today?” Joshua Tomolak: I love that you said that because it’s been one of the most interesting changes to watch. Independent broker dealers becoming more like RIAs, and to your point, being more flexible, having more optionality, a more curated experience in some cases. And in many cases becoming closer to independent broker dealers with some of these massive shops that we’ve seen be created over the last five years that now have hundreds, if not thousands of advisors. To your question on the internal RIA slide as we sometimes call it, this really didn’t exist many places a few years ago. And I think it’s been created as both originally a retention tool in many places for the advisors that were with a major independent broker dealer and they ultimately wanted to have their own ADV and their own RIA. And the firm didn’t want to lose all the assets to an independent custodian so they gave them the green light to… And it’s ultimately became a sales tool in many cases. Just to use a couple of examples across the industry, I mean, Raymond James has Raymond James Custody Services, which has attracted a lot of really sophisticated teams. I know Wells Fargo Finance done something similar and even the counterparts over at Cetera and Osaic are trying to do the same thing. So it’s a recognition in my view that we want to keep the best talent possible. And if these folks are ultimately going to go RIA anyway, it’s less about the money and more about the flexibility and control that it offers them. So what can we do to keep those folks on board? And rightfully so, a lot of senior management of these firms have said, “Let’s not lose these teams. It’s going to be a lower margin business for us, but at the rate that they’re growing, it’s going to pay off in the long run.” Louis Diamond: Well said. RIAs are now more mainstream. And some of these RIAs, they’re either resembling independent BDs or I would even go so far to say the valuations that are even publicly available on some RIAs is definitely having people take notice. I mean, Cerity Partners recently raised capital at an over $8 billion reported valuation. Crescent was well over a billion. Firms like Mariner, Creative Planning, Mercer, Wealth Enhancement Group, and there’s many that I’m missing, are all worth a couple billion dollars or more and growing. Do you think that’s had an impact on the legitimacy or the staying power of the RIA model? Joshua Tomolak: Oh, absolutely. There’s no doubt about it. I mean, those groups that you mentioned and many more are winning some of the biggest teams on the street. I mean, if you pull up a run-of-the-mill advisor hub article, for example, you’ll see as many of those RIAs win significant businesses as you will their broker-dealer counterparts, partially in my opinion, due to the massive valuations these firms are fetching. And it’s much more of a partnership in the sense that joining a Crescent or a Wealth Enhancement Group, as you mentioned, you’re a part of a boutique group of maybe a couple of hundred very sophisticated high-producing advisors all playing under the same banner, all rowing in the same direction, and that creates substantial growth. Louis Diamond: Exactly right. I think two other things to me that’s driving the legitimacy or the growth of the RIA segment, there’s so many different outsourcing solutions that have popped up, whether it’s more of a… We’ll say a bundled or a package outsourcing solution through firms like Dynasty and Sanctuary. LPL has done a ton with having a shared services outsourcing model. So you have those. But you also have, I mean, probably 10 different firms I could think of that can be an outsourced chief compliance officer. You have tons of marketing agencies that specialize in helping RIAs. You have all these FinTechs popping up to support the RIA space. Really, it’s like anything and everything can be outsourced now. And even the big Wall Street banks like UBS, Merrill, et cetera, they’re attempting to sell and distribute product into the RIA space. Venture funds, private equity funds, anyone you talk to is trying to get a piece of the RIA space, which means there’s more product and platform availability than ever before. And I think it’s massive because one, it’s a catalyst for teams who say, “I love everything about the RIA world. I just don’t want to do it on my own,” or, “I don’t know where to start.” But also it means that they can look their clients in the eye and say, “Hey, not only do I have the same stuff that I had for you at XYZ firm, I can actually do more for you.” And even if you look at what the custodians are doing on the lending side now, Schwab owning a bank is massive and being able to facilitate mortgages, securities-backed loans, things that didn’t really exist in the past. I think it’s a very exciting time for advisors either that are independent or are considering the independent space because you have all these choices and it’s really like, “Choose your own adventure. Give me your top five things you want.” I’m sure it exists and we can find it and make it happen. And I don’t think we’d have the same confidence in that statement 5, 7, 10 years ago. Joshua Tomolak: I couldn’t agree more. That’s such a huge development is the marketplace of third party vendors in any kind of capitalism environment. There’s problems that people encounter and there’s really smart people that are trying to make a lot of money that go to market to solve them. And we’ve seen a ton of that over the last few years. Louis Diamond: Exactly right. Yeah, it’s like also… If an advisor looks around and says, “Hey, this is what I want,” and it doesn’t exist, oftentimes that’s a light bulb moment to be like, “Okay, I’ll go build it. I’ll do it on my own.” Whether it was Stewart Partners when they launched a number of years ago or Hightower, Dynasty, et cetera. They were all started by people that said, “Hey, I see a big gap in the ecosystem. Let’s create a business and raise capital to go solve it and then deliver this service to other like-minded advisors or business owners.” Honestly, it’s a treat to be able to watch all this happen in real time. We probably should have laid the groundwork with this next question, but I think it’s an important one. What’s the difference between a independent broker-dealer and an RIA? Really basic foundational. It sounds like the lines are blurred. There’s probably a lot of similarities. Advisors are successful in both. It’s not like one’s better than the other. How would you explain the differences, if a client of ours asked, “What’s the difference between an independent broker-dealer and IBD versus an RIA”? Joshua Tomolak: Get into the core of it. Again, the lines are blurred, and I’ll stay very high level on the strategic differences, but I like to use this example. I drive a Toyota Tundra. Really like the truck, gets me from A to B. Now, if I were getting to a point where I wanted a new vehicle, if I were to go get another Toyota Tundra because I really like a lot of aspects of it, but I want the one with the bigger screen and the bigger tires and the power seats, and I have rolled down windows because I have a fear of drowning. But if I want a lot of the bells and whistles, but I want to keep the foundation, that’s what I align to a independent broker-dealer to independent broker-dealer. You like the foundation of everything all under one roof. You like a lot of the resources, but you have some meaningful frustrations and you want to see if another provider in the market can solve for those or you can upgrade. If I instead, Louis, decided that I wanted a sports car or a Jeep Wrangler or something, I would be looking at a different category altogether. That’s how I articulate the platform space. They provide the same services and support in many cases that an independent broker-dealer does, think of marketing and a tech stack and regulatory oversight and a fellowship in a community, but they’re built on an RIA TC registered chassis. They’re typically far more customized so you can shop the street to get a lot more of the things that you like, though you are walking away from maybe some of the things that you’ve liked in the independent broker-dealer model. So I guess that’s the highest level I might explain it, just a little bit more minutia in any broker-dealer is going to be a FINRA registered, FINRA member broker-dealer. So they’re subject to the FINRA rules, which basically means it’s the compliance interpretation of those rules that they have to follow. So LPL’s rules may be slightly different than Cetera’s than Ameriprise’s because it’s based on their interpretations of the rules. In the RIA space, everybody really operates on the fiduciary standard. So it’s just a different lens that from a compliance standpoint, business is looked at. And a lot of people would make the argument that it’s just easier to get things done when you’re looking at something from that lens. I might’ve gone too compliance nerd on you there, but I’d be curious what you think some of the major differences are. Louis Diamond: Yeah, I think that’s right. I mean, it sounds like if you’re in the RIA world in some capacity that you as the advisor or business owner are going to have a little bit more control and autonomy and flexibility. One, do you think that’s true? And what are the reasons why that is? Is it platform? Is it strictly just compliance is easier? What are the different ways that an RIA would have more or less flexibility than someone who’s with an independent BD? Joshua Tomolak: Yeah, I think it’s overwhelmingly true, but it certainly depends on your business. Within most RIA platforms, you’re going to be one of a couple dozen, maybe a couple hundred, where you’re going to have people within that firm that really know your business. So the experience in getting things done is much less about, “Can I do this,” or, “Can I not do this?” And it’s, “Louis, I understand you asked for this. We’re going to run into these issues, but let’s figure out how to get to yes.” So it’s far more curated by people that are not operating on black and white rules and can actually figure out how to get to yes for your business. The other thing I would say is that most significant RIA platforms have multiple custodial options. So many times you’ll see as few as two or as many as five. So if an advisor or a team is trying to bring on a new piece of business or do something creative, that might be something they can use a different custodial relationship to accomplish. It might be something that Goldman Sachs does really well but is in its infancy at Fidelity, or it might be international business that’s approved on Pershing’s platform but not Schwab’s platform. So the RIA partner that you’re with can really look at those custodians agnostically and say, “What’s the best home for this business? What’s the best way to get this done for Louis?” There’s a couple examples of where I see the flexibility in practice. Louis Diamond: Yeah, I think one more too would be the concept of being able to shop the street. I’ve heard it described as becoming a buy-side advocate for your clients versus being a professional seller. So meaning, if I’m affiliated with an RIA or I’m operating my own RIA, there’s no selling away like there is at a wirehouse or at certain BDs. So if I have a client who’s trying to get a $10 million loan for a new building that they’re breaking ground on, if I’m at UBS, Merrill, Morgan Stanley, captive to a BD, I can go to my firm and say, “Hey, this $10 million loan, here it is. What are the terms? What are the rates? Will you take on this business?” And the firm will say, “Yes. No. Yes, here are the terms. Here’s the caveats, et cetera.” But it’s a very closed market process and an advisor has to live and die by what their firm says. Versus in the RIA world, it’s, “Okay, I have relationships with nine different banks and I can go to these different banks and private credit funds and whoever and really create either an option process for my client or really just help them in a fully agnostic open way.” And we see the same thing when it comes to alternative investments. No one at a wirehouse, let’s say, is complaining that they don’t have enough alts that they can offer clients. Those firms have done an amazing job with really boiling the ocean and having tons and tons of options for private investments, hedge funds, et cetera. But if you’re in the RIA world, you can take it to the next level and say, “Hey, this $3 million startup company that my friend is starting, I’m going to help them raise capital,” or, “My client wants to get a syndicate of investors together to have a direct investment into a qualified opportunity zone fund that they’re starting. Let’s do it when we can advise on it.” So it really expands what an advisor is able to do on behalf of clients. Like to me, that’s the most interesting or exciting part of the RIA model. You can get some of that within the BD world, but to me, when an advisor’s business becomes more sophisticated as far as what their end client’s needs are, it tends to translate better to the RIA world than the BD world. Not to say there aren’t ultra-high net worth focused advisors at BDs, but because of that additional flexibility, autonomy, customization, et cetera, that speaks more RIA. So again, absolutely not down at all on the independent BDs because I think there’s a massive home for them. Josh, let me turn it back to you. I’m rambling now. Give me the pitch for an independent BD. What are the things that are misperceptions that people have? What are the advantages that an independent broker dealer like an LPL or a RayJ or a Cetera have over RIAs or over other models in general? Joshua Tomolak: Absolutely. And I’d say I’ve learned more over the last six years from some of your ramblings than most people learn in an MBA course, so keep doing what you’re doing. But it’s funny being in this position now, having spent so much time sort of selling against the IBD model within TD Ameritrade, but what I’ve learned is it’s a good home for everybody. And a lot of times the advisors that they’re entrepreneurial enough where they like having their name on the door, but they’re not so entrepreneurial where they want to build everything out themselves, that’s where the independent broker dealers absolutely kill it. Their economics have gotten to a point where they’re really competitive. They offer transition capital that isn’t even going to be comparable in the RIA space unless you’re selling a minority share of your business. And you mentioned LPL, or we could really list all of the major ones, there’s not a department that they don’t have. It could be as nuance as finding 403(b) payroll slots or it could be as mainstream as fixed income or setting up events. There are all kinds of really neat departments that these all under one roof independent broker dealers have invested in. And a lot of times they make an effort to make you very much aware of all of the support because most people don’t use it. So I would say for the advisors that are looking to get their improved Toyota Tundra, then you can get probably 70 or 80% of what you want within the independent broker-dealer world. And you can also keep 20 or 30% of the stuff, maybe more that you really liked at your previous firm. So I think that’s where it really shines. I sometimes call it an incremental change rather than a transformational change. But for many advisors, incremental is really good enough if you get to keep the familiarity of how you’ve been doing business for the last 20-some years, but you’re able to get net improvement on the things that were really bothering you. Louis Diamond: Well said. Something that I’ve seen that’s been… I guess this could be either pro or con depending upon the advisor, but with some broker dealers, letting an advisor co-brand with them or really having a real consumer-facing brand, whether it’s, “I’m a franchise owner with Ameriprise,” or, “I’m independent through Raymond James,” or, “Running my own practice through Wells Fargo FiNet,” or, “I’m independent with Northwestern Mutual.” There’s definitely some brand cache or brand familiarity with some of those firms that may or may not be the same if you’re in the RIA world. So I would agree there’s a lot to like about the independent BD world and there’s a fit for people that is absolutely better with independent BDs than on the RIA side. Even if some people would say RIA is better, we’re cleaner, I wouldn’t say that. To me, it’s all about what an advisor’s goals are and then matching that up with what these firms do. And there’s never a perfect option. I jokingly say, “If there was a perfect firm, we wouldn’t be in business.” Every firm has their advantages or disadvantages. And depending upon where an advisor’s coming from, their style of business, their pain points, that’ll match up really well with on firm or one type of firm or one model than the other. Let’s pivot a little bit to the RIA world. A lot of your comments have been more about advisors affiliating or joining RIAs, this whole supportive version of independence concept. But what about advisors who want to go and start their own RIA? Either they’re leaving a captive firm and taking the entrepreneurial route and starting their own firm, or they’re leaving an independent BD to go start their own RIA. What do you see as some of the biggest misconceptions that advisors have about that move? Joshua Tomolak: That’s probably my favorite topic because there are the most misconceptions I think in this space. Louis Diamond: I’d agree. Joshua Tomolak: And I would say there’s 9 out of 10 conversations that I have with advisors and teams, they start off with the launching an RIA in mind or at least RIA curious and they want to understand what’s out there. And probably less than half the time do these folks end up actually launching their own RIA, which is okay because the ones that do are massively successful and they know they’re dang sure that’s exactly what they want to do. I think it gets a little bit romanticized sometimes that they’ll say, “Oh, I’ll just give Schwab a call,” or, “I’ll just give the custodian a call,” as if they were shopping independent broker dealers. That’s fine. You can do that and they will help you, but there’s quite a bit more to think about. And it’s not, in my opinion, the same as evaluating independent broker dealers. If it’s all right, I was taught the four pillars of the RIA model. I can go through that with you really quickly. So the way to think about the RIA space is in four pieces. And shout out to a friend, Eli Suarez, that taught me this years ago. The first pillar… Thinking of four pillars on a bar stool, if you will. The first one being administration. And this is your compliance, this is setting up your ADV, your LLC, all of your business formation documents. The second piece being technology, what do you actually want to use? Because the benefits of the broker-dealer world and the supported independent world is they’ve already built it for you. They’ve already paid for it and scraped their knees building it. In this case, you have to. And for some people, that’s really exciting to source financial planning software and portfolio management software and your CRM and tax software, et cetera. For some people, it just sounds like a huge headache. The third pillar being custodians. I have them third because you want to make sure that the right custodian can integrate properly with the technology that you’ve sourced that you’re passionate about. And then ultimately transition. What does a transition really look like? What are my legal and regulatory requirements? How does this work? What are the timelines? Things of that nature. So I guess I would say in closing that if those four things are things that you really want to own, then you’re in a really good position to consider an RIA launch. What do you think, Louis? Louis Diamond: I think that’s a great framework to break it down. Not just be like, “Okay, I can tolerate that,” or, “My team can do it,” but I think you have to be pretty excited about rolling up your sleeves and customizing and doing it yourself because in our experience, there’s a nominal differential between the economics of running your own RIA versus affiliating with an RIA or going to an independent BD. All the extra work and responsibility, you’re not really going to make it up, at least on the front end, on a higher net payout. So it has to be more about what the model means to you and having a vision that you don’t think anyone else can accomplish other than yourself. And looking at that crazy ever-expanding Michael Kitces’ FinTech map and there’s 500 different logos on it and being like, “Yes, that’s what I want. I want to go through this. I want to pick the seven pieces of my tech stack that work for me,” rather than getting, “Here’s the tech stack, take a demo, you like it, you don’t like it, take it or leave it.” To me, the two biggest misconceptions people have about the RIA world is one, “I’m going to have to be a full-time chief compliance officer,” and just that compliance is this boogeyman, this terrible, scary thing. In some ways it is. But the reality is most, especially startup RIAs will fully outsource compliance to a firm or they’ll hire a compliance consultant or firms that are big enough even will hire a CCO or repurpose someone on their team to be CCO. But compliance is much more streamlined and simpler than BD compliance. And ultimately, it’s compliance that’s being built for your business rather than compliance that’s being built for a publicly traded multinational company that supports 20,000 financial advisors. So I think compliance is always a big misconception. It’s definitely what a lot of firms will pry upon when they’re saying like, “Oh, you’re going to own all the legal and regulatory requirements. You could, but it’s definitely not a requirement.” And then I think another one is folks sometimes underestimate and overestimate the operational burden and how much work it is to start an RIA. Sometimes people just… They’re perfect for the RIA world, that’s their goal, but they get stopped in their tracks. They don’t really know what to do. But what we’ve seen, we said it earlier with so many different outsourcing solutions and different service providers that have popped up, if you have the fire in your belly to go build something, it doesn’t mean you’re doing it by yourself. I mean, that’s what firms like ours do. The custodians are very helpful. On the flip side though, I have seen advisors chasing payouts say, “Hey, I’m just going to go start an RIA because I want to make another 1 to 3%,” or whatever it comes to and they drastically underestimate what it really takes to build a successful firm. Joshua Tomolak: Exactly right. I think that’s my favorite one, Louis, overestimating and estimating the operational burden there is you could have the same conversation with two teams and it can go the completely different direction. Louis Diamond: Josh, let’s wrap here. I got one more question for you that I think is an exciting one, but give me three key trends or storylines that most people don’t know about or aren’t talking about that you’re passionate about or that you’re sharing with advisors or counseling today. Joshua Tomolak: Sure. This is the free advice portion. And I’ll tell you what, Louis, if it’s all right with you, I’ll give you two and I would love to hear one from you as well. The first one I’ve seen in both the independent broker-dealer and RIA space is the minority investor concept. A lot of folks will talk about the idea of taking chips off a table and starting to partially monetize your business. I think that’s all important, but what I’ve found is that a lot of advisors really want their partner, whether it’s an RIA broker dealer to help them grow. And that could be with M&A opportunities, that could be with traditional recruitment of advisors, that could be building a business plan. But the minority investment part really helps accelerate that for a lot of businesses because all of a sudden, not only are you cashing out a small part of your business, but you’ve just created an ally with the parent entity, it is now much more likely to help you grow in that capacity because they’re insulated from it and they profit when you profit. So I think it’s easy to be shortsighted and say, “Well, my equity’s going to keep growing. Why would I sell you a piece of this?” But I counsel folks often to really think about what that long-term strategic partnership is and making somebody a real equity partner rather than just a vendor that provides you with technology and regulatory coverage. The other one I’d say is that… And this one’s really important to me, that business formation is far more important than your assets under management. Said a different way, the way you build your business is going to make your business far more valuable than the number of dollars underneath your name. And what I mean by that is, just to use an example, a sophisticated, well-built, centralized, scalable and repeatable business, whether it’s an RIA with a broker-dealer that is going to fetch a far higher M&A multiple than a OSJ that’s five times the size that just has a bunch of 1099 independent advisors underneath the umbrella. What we’ve seen in the M&A space is that if you’re going to shell out 50, 60, $80 million for somebody’s business, you want to know that you have this business for the long term. So I would certainly counsel people that have been around maybe far longer than me to take a look at how you’re building this and put together a business plan on what those next 10 years should look like and not necessarily fall into the trap where your only revenue source is the override that you receive from a firm and then you in turn pay to the advisors on your team. Louis Diamond: Well said. I really like that line. We’d probably do a whole episode on what are the tips and tricks for building a business with the end in mind? Like the Covey quote, “Begin with the end in mind.” Transitions are like… They’re a bear. I mean, there’s no way to sugarcoat it. Advisors, when they hear transition, if you ask them, “Don’t think about it, give me your reaction.” “Terrible, risky, a lot of work. I’ll never do it again. My friend did it and it was terrible. What if my clients don’t come?” It’s all these negative emotions. And in many cases, I don’t blame an advisor because it is a big act. But to me, if someone is weighing making a transition, whether a wholesale business model change going from being an employee to being independent, going from being an advisor at an independent BD to starting an RIA, or even going independent BD to independent BD, it’s an opportunity if you rise to the occasion to build with this next act with intentionality. So whether it’s restructuring compensation for your team, converting people from 1099 to W2, putting in place new workflows, changing how investments, instead of it being each individual advisor doing investments to more of a centralized model, cleaning up workflows, really investing in data, investing in AI. It’s something that I think, again, we can have a whole episode on it, but I think it’s a great one. Build the business the right way. And obviously, businesses that are larger, theoretically, sell for more, but we’ve certainly seen businesses that are half the size of a larger one sell for a similar amount or more because they did all the right things and the larger one did the things that really turn off a buyer or detract from a valuation. Let me give you one more and tell me if you agree, but I think we’re in this moment when Altruist, the upstart, a new kid on the block custodian, they launched a basically tokenization of cash in a way to automatically agentically source or sort cash to the highest yielding money market. And you’re like, “This is fricking wonky. Louis, why are you telling us this?” I think this is an important one just to keep a watchful eye on. I have no idea how this is going to shake out, but really the biggest way that independent BDs or even custodians like Schwab and Fidelity really make money, it’s not on their overrides from practices or the admin fee or the custody fee. It’s really on net interest margin. So how much the broker-dealer or the firm is making on client cash and brokerage accounts relative to what they’re paying out the client. It’s essentially like free margin to these firms. And this concept, I think, has massive potential for disruption for the business model. Again, I don’t know what it’s going to look like, whether it means platform fees that are instituted at all these firms, whether it means certain models would be more beneficial than others, whether it means nothing’s going to change, which is probably the right answer given this industry. But it’s something to keep a watchful eye on just if your firm institutes a new platform fee or there’s a fundamental way in which your firm can no longer make money. How are they going to make it up? Are they now going to be uncompetitive? They’re not going to have as much scale or profits to invest in the platform. Is it going to cause even more consolidation in the industry? So to me, that’s the one pretty under the radar, pretty wonky storyline that I don’t think enough people are talking about, but has the biggest possibility for disruption across their space than anything I’ve seen in a while. Joshua Tomolak: Sure. That’s the whole iceberg. Not a lot of people are talking about it. It’s not poking out of the ocean, but it’s going to be continuously brought up. I think it’s a question that a lot of advisors are going to have to ask these firms. And at the end of the day, the firms aren’t the bad guys. They have to make money too to provide a quality product. So where the money comes from matters. Louis Diamond: Exactly. Josh, this has been awesome. I learned a lot talking with you and just having your objective consulting hat on what I think are really the differences between IBD and RIA and some of the key trends and storylines to watch has been instrumental. I’ll also give a plug that on our website and we’ll link to it in the show notes, we have a really helpful one-page reference guide going through the differences between independent BDs or IBDs and RIAs. So feel free to click on it. We’ll make sure it gets in your inbox. Josh, thanks again for joining us today. Joshua Tomolak: Yeah, thanks for having me, Louis. It was a pleasure. Mindy Diamond: As a financial advisor, you hold yourself to the highest standards of integrity, honesty, and credibility. You are successful because you take your professional responsibilities seriously and are dedicated to your clients. But are you living your best business life? Are your goals aligned with your firms or could a better option exist? Should I stay or Should I Go? is a book written with you in mind. It’s a self-guided journey that walks you through the key steps that we take with our advisor clients. This strategic thought process and roadmap to professional self-discovery is designed to help you ask the right questions and think critically and objectively whether you’re considering change or not. Learn how to get your copy at diamond-consultants.com/thebook. IBD vs. RIA: A Special Industry Update on Independence A conversation with Louis Diamond and Josh Tomolak, Vice President of Independent Advisor Services at Diamond Consultants.      Louis Diamond: Welcome to the latest episode of our podcast series for financial advisors. Today’s episode is IBD vs. RIA: A Special Industry Update on Independence. It’s a conversation with Josh Tomolak, our Vice President of Independent Advisor Services. I’m Louis Diamond, and this is the Diamond Podcast for Financial Advisors. Mindy Diamond: At Diamond Consultants, we help elite advisors identify the right environment for their businesses to thrive, whether that’s at a wirehouse, boutique, or independent firm. With nearly three decades of experience, we’ve guided thousands of advisors and represented more than a quarter of a trillion dollars in assets transitioned. And each year, one in four advisors managing a billion dollars or more who change firms are our clients. Our process is education driven and based on building relationships, starting as your strategic partner well before you’re even thinking of a move. To schedule a confidential conversation, call us at (908) 879-1002. Wondering why advisors change firms and where they’re headed? Are transition deals going up or down? Those very questions and more inspired us to create our annual advisor transition report. It’s the award-winning data-driven resource designed for advisors that connects the dots between the motivations around movement and the firm’s appetite for top talent. Arm yourself with the knowledge you need to make smart decisions. Download your copy at diamond-consultants.com/transitionreport. Louis Diamond: For a long time, going independent would suggest the destination. Today, it’s often the beginning of a different conversation. As the independent space has matured, advisors have more choices than ever before. Broker-dealers have expanded their capabilities. The RIA ecosystem has become increasingly sophisticated. Capital is more readily available and support models now exist that would’ve been difficult to imagine a decade ago. The result is that many advisors who are already independent are taking a fresh look at whether their current affiliation still aligns with what they’re trying to build. My guest is Josh Tomolak, Vice President of Independent Advisor Services here at Diamond Consultants and our resident expert on independence. Josh spends his days helping advisors evaluate independence in all its forms from independent broker dealers, the fully independent RIAs and everything in between. And his knowledge is critical because the distinction between these models is often blurred. Many broker dealers now offer pathways to greater autonomy while supported independence has made RIA ownership more accessible than ever before. So the question is no longer simply, “Do I want to go independent?” The question is, “What kind of independence makes the most sense for client, business, and go

Written by AlexCome and follow more adventures on our animated TV show on Youtube!

Danhausen & Joe Hendry dance segmentThe missed point of Danhausen appealOba Femi neuteredSol Ruca unsafe and overwhelmed?Roman running up that hillSeth Roman exchange boring and repetitiveBayley AEW move makes financial senseMichael Cole overpaid due to longevityOverall Raw lacked depth and creativityBecome a supporter of this podcast: https://www.spreaker.com/podcast/wrestling-soup--1425249/support.