Podcasts about ubs

Oil is ripping higher as the war in the Middle East disrupts fuel supplies — with WTI Crude posting its biggest weekly gain on record. We break down what rising gas prices mean for the consumer with Moody's Mark Zandi, and the stocks that could benefit as the Strait of Hormuz stays closed. Plus, banks stay under pressure, UBS upgrades pharma, and Wells Fargo's Michael Schumacher joins to game out what oil — and the latest jobs data — mean for rates, Treasuries and the broader macro picture. Fast Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

March 6, 2026: Your daily rundown of health and wellness news, in under 5 minutes. Today's top stories: Amazon Web Services launches Amazon Connect Health, AI-powered system automating healthcare admin work and reducing abandoned calls by 30% UBS projects global longevity spending will reach $8 trillion annually by 2030, with GLP-1 drugs alone surpassing $200B in sales this decade Oura acquires Finnish startup Doublepoint to bring biometric gesture controls to wearable ecosystem, supporting vision of "cloud of wearables" More from Fitt: Fitt Insider breaks down the convergence of fitness, wellness, and healthcare — and what it means for business, culture, and capital. Subscribe to our newsletter → insider.fitt.co/subscribe Work with our recruiting firm → https://talent.fitt.co/ Follow us on Instagram → https://www.instagram.com/fittinsider/ Follow us on LinkedIn → linkedin.com/company/fittinsider Reach out → insider@fitt.co

Frank and Rob dive into: • Rob's path from UBS and Morgan Stanley to launching NewEdge Wealth. • How NewEdge Wealth and NewEdge Advisors differ and advisor profiles that may fit each platform. • How multi-custody and open architecture models can offer flexibility. • Perspectives of some advisors that have experienced business growth after joining the firm. •  The role of private equity and its innovation in wealth management. • How advisors may use niche marketing strategies and referral initiatives to identify opportunities. Whether you're exploring alternatives to a wirehouse or staying informed on industry developments, this conversation offers a practical look at the choices and trade-offs within today's independent landscape. Want to connect? • Reach out to Frank directly at frank@eliteconsultingpartners.com or send him a DM on LinkedIn. • You can also connect with Rob by emailing RSechan@NewEdgeCG.com or visiting his LinkedIn page. Chapters:   0:00 Introduction 1:02 From Wirehouse Advisor to Building a New Platform 6:30 What Makes Elite Financial Advisors Different 8:08 NewEdge Wealth vs NewEdge Advisors Explained 18:08 Why Multi-Custody & Open Architecture Matter 27:00 How Top Advisors Accelerate Growth After Going Independent 36:09 Private Equity's Role in the Future of Wealth Management 40:46 Why Advisors Should Explore the Independent Model Learn more about Elite and our resources: Elite Consulting Partners | Financial Advisor Transitions https://eliteconsultingpartners.com Elite Marketing Concepts | Marketing Services for Financial Advisors https://elitemarketingconcepts.com Elite Advisor Successions | Advisor Mergers & Acquisitions https://eliteadvisorsuccessions.com JEDI Database Solutions | Technology Solutions for Advisors https://jedidatabasesolutions.com Listen to more Advisor Talk episodes: https://eliteconsultingpartners.com/podcasts/ “Assets “serviced by” the firm includes (i) client assets for which we provide investment advisory services, (ii) client assets for which we provide brokerage services through our affiliate, NewEdge Securities, LLC and (iii) client assets held at affiliated and unaffiliated broker dealers for which we provide supervisory oversight, support services and/or wealth strategy services. Opinions expressed are as of October 7, 2025, and may change without notice. This content is for informational purposes only and does not constitute investment advice or a recommendation regarding any security, strategy, or business relationship. Past performance does not guarantee future results. References to advisor experiences (including business growth, win rates, or referrals) reflect individual circumstances and are not representative of all advisors or outcomes. Results vary and are not guaranteed. Any testimonials or endorsements presented reflect the speaker's opinion at the time made. If compensation or other benefits were provided in connection with a testimonial or endorsement, that fact will be disclosed. Such statements should not be construed as indicative of future performance or experience for all clients or advisors. Third-party firms, custodians, platforms, or services referenced are independent of NewEdge. Their inclusion does not constitute a recommendation, endorsement, or approval. Where third-party ratings or rankings are cited, the source and date apply; methodologies may differ, and ratings may not predict future performance. NewEdge may have business arrangements with certain third parties that present potential conflicts of interest; details available upon request. NewEdge may receive or provide referrals to or from third parties, including custodians, which may involve compensation or other benefits. Additional information about referral relationships and compensation is available upon request, A copy of the NewEdge's current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request or at www.newedgecg.com. All company names, logos, and trademarks are property of their respective owners and are used for identification only. References to media appearances do not constitute an endorsement.

En el Radar Empresarial de hoy ponemos el foco en los cambios recientes que atraviesa el mercado de crédito privado, un ámbito financiero que actualmente se encuentra rodeado de incertidumbre. Con el objetivo de transmitir confianza y reducir las dudas de los inversores, varios directivos de Blackstone han decidido incrementar su exposición al fondo Private Credit Fund, abriendo nuevas posiciones en sus carteras personales. Esta iniciativa se produce apenas un día después de que el vehículo de inversión registrara pérdidas cercanas a los 1.700 millones de dólares, un golpe que ha intensificado las preocupaciones dentro del sector y ha despertado preguntas sobre la estabilidad de este tipo de activos en el actual entorno económico. Durante el primer trimestre del año, los inversores solicitaron retirar el 7,9% de sus participaciones en el fondo, un porcentaje claramente superior a la media histórica cercana al 5%. Esta presión de reembolsos obligó a la gestora a desembolsar alrededor de 3.200 millones de dólares para atender dichas solicitudes. Cuando se comunicaron las pérdidas, la firma también explicó que sus propios empleados habían invertido aproximadamente 400 millones de dólares con el fin de contribuir a cubrir la demanda de liquidez. En ese mismo periodo, Blackstone logró compromisos de capital por unos 2.000 millones, aunque las retiradas acumuladas ya alcanzan los 3.700 millones, lo que refleja el clima de cautela que domina entre los inversores. El fondo Bcred ha sido una pieza clave en la expansión de la compañía en los últimos años. Sin embargo, pese al tono optimista mostrado por su presidente, Jon Gray, la cotización de la empresa ha experimentado descensos recientes. Este comportamiento no es aislado, ya que otras firmas relevantes del mismo sector también han visto caer el valor de sus acciones. Entre ellas destacan Blue Owl Capital, Apollo Global y KKR, cuyos títulos acumulan retrocesos superiores al 15% en lo que va de año. En particular, Apollo ha registrado una caída cercana al 28%, lo que evidencia la presión que afronta toda la industria del crédito privado. Este segmento financiero gestiona actualmente activos por valor aproximado de tres billones de dólares, lo que explica por qué está bajo un intenso escrutinio. Algunos analistas, como los de UBS, estiman que la tasa de impagos podría alcanzar el 15% durante este año, una previsión que el director ejecutivo de Ares Management, Mike Arougheti, calificó de exagerada e irresponsable. Parte de la preocupación se origina en el sector tecnológico: muchas firmas de crédito financiaron compañías de software durante años debido a su fuerte crecimiento y a sus ingresos recurrentes. Sin embargo, la irrupción de la inteligencia artificial y herramientas como Claude Cowork ha puesto en duda ese modelo, generando lo que algunos denominan “cucarachas negras”, un concepto popularizado por Jamie Dimon para describir problemas financieros ocultos que pueden aparecer tras los primeros signos de debilidad.

UBS has downgraded U.S. equities to neutral, warning the American stock market could begin lagging behind other global economies. The note cites risks to the dollar, high market valuations and growing investor diversification away from U.S. assets as markets weigh economic uncertainty and geopolitical tensions. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

Breaking into investment banking from a non-target university isn't easy — especially after 150+ applications, months of rejection, and zero connections. In this student testimonial, Kitty shares how she went from studying politics at the University of Birmingham to landing offers from UBS, Lazard, and Rothschild. From struggling with confidence to facing non-target fears head-on, this is the real story behind breaking into investment banking as a student. Segments  01:19 – Music vs Finance  03:04 – Why University of Birmingham?  03:34 – Switching from Politics to Finance  04:05 – When Banking Became Real  05:27 – Why She Joined Academy  06:55 – Networking Strategy  07:45 – 150+ Applications  08:33 – First Interview Breakthrough  10:44 – Offers from UBS, Lazard & Rothschild  11:58 – Advice to Students Check out WSO Academy — the prep that has helped thousands break into high finance. ------------------------------------------------------------------------------------------------------

War in the Middle East sends oil surging and markets are scrambling for cover. Brent crude spikes to four-year highs as investors rotate into classic safe havens, while Dow futures tumble. We unpack how OPEC may respond - and what higher energy costs mean for inflation and equities. Then, in our “Invest Like Buffett” segment, we assess Berkshire Hathaway’s final quarter under Warren Buffett and the market’s early verdict on Greg Abel. We also break down why UBS is turning cautious on U.S. stocks and preview earnings from cruise lines to chipmakers. Plus, UP or DOWN on Anthropic, the Yangzijiang names, and the Straits Times Index - hosted by Michelle Martin with Ryan Huang. Companies in focus: Berkshire Hathaway, Warren Buffett, Greg Abel, UBS, Anthropic, Apple, Yangzijiang Financial, Yangzijiang Maritime, Yangzijiang Shipbuilding, Genting Singapore, OPECSee omnystudio.com/listener for privacy information.

Ahead of International Women’s Day we discuss women and the health gap with Marianna Mamou, head of advice beyond investing in the UBS CIO and author of a compelling new UBS report. See omnystudio.com/listener for privacy information.

Today, I am pleased to speak with Pascal Köppel, Managing Director, Head of Investment Management and Chief Investment Officer at Vontobel Swiss Financial Advisers. Pascal and his teams are responsible for the discretionary portfolio management, selection of suitable investment vehicles and development of specific client solutions as well as the investment advisory mandates. He joined UBS in 2004 as Head of Active Advisory in Zurich where he was responsible for the investing of CHF15bn in assets and managed a team of 40 investment specialists providing investment advisory services for clients worldwide. Prior to joining UBS, Pascal worked for a hedge fund company in Switzerland where his focus was on the selection of investment opportunities worldwide as well as structuring of investment vehicles. An increasing number of UHNW individuals and successful families in the US are exploring global diversification strategies. Pascal explains why US wealth owners and their family offices are opting to custody and invest assets in other jurisdictions across the globe. Pascal's firm specializes in investing in Switzerland, but he talks about all the top jurisdictions UHNW families are choosing to invest in nowadays and describes their respective attractions. Pascal helps us explore the practical applications and use cases UHNW investors are pursuing with their global diversification strategies. He describes the key motivations and objectives for wealthy clients who are moving assets to other global jurisdictions. A key practical consideration for families and their family offices is the selection of a foreign broker. Pascal shares his views on what they need to look for in a foreign broker, including what certifications, designations, or other capabilities families need to be aware of and seek when they evaluate foreign brokers. Enjoy this informative conversation with a leading expert in multi-jurisdictional investment advisory services for global UHNW clients.

Über 300'000 Personen sind 2025 in die Schweiz gekommen. Christoph Blocher will die UBS aufspalten. Alt-SP-Präsident Bodenmann kritisiert die SP-Co-Spitze. Eric Nussbaumer tritt aus dem Nationalrat zurück.

As part of our official DealFlow Discovery Conference Interview Series, produced by Mission Matters, along with our partner DealFlow Events, we showcased the innovative companies that presented at the DealFlow Discovery Conference (last January 28–29 at the Borgata in Atlantic City) and the executives behind them. In this episode, Adam Torres interviews Roger Parodi, Head of Strategy at 51Talk Online Education Group, on the company's post-2021 pivot to international markets, its AI-native approach to language education for children, and 51Talk's growth strategy across Southeast Asia and the Middle East. This interview is part of our effort to help investors discover compelling companies ahead of the event — and to help CEOs introduce their story to the 1500+ conference attendees. Learn more about the event and presenting companies:https://dealflowdiscoveryconference.com/ About Roger Perodi Roger is leading active investments in Asian listed equities for TR Capital. He was previously Managing Partner at Silverhorn Principal Investors, actively investing in Asian small cap companies. Prior to this, Roger held various management roles at UBS in Zurich, Hong Kong and Singapore. In Asia since 2004 and based in Hong Kong, he has spent more than 10 years in Beijing and is fluent in written and spoken Chinese. Roger holds a Master's degree from the University of St. Gallen, Switzerland, and an EMBA (in Chinese) from Tsinghua University in Beijing. About 51Talk Online Education Group 51Talk Online Education Group (NYSE: COE) is a global online education platform with core expertise in online English education. 51Talk, the name's meaning comes from its mission to unite 5 continents into 1 mission, i.e. to talk effectively with each other through a common language.  The Company's online  education platform enable students to take live, fun and interactive online English lessons anytime and anywhere. The Company connects its students with a large pool of highly trained and qualified teachers that it assembled using a shared economy approach, and uses student and teacher feedback as well as data analytics to deliver a personalized learning experience to its students. Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule. Apply to be a guest on our podcast: https://missionmatters.lpages.co/podcastguest/ Visit our website: https://missionmatters.com/ More FREE content from Mission Matters here: https://linktr.ee/missionmattersmedia Learn more about your ad choices. Visit podcastchoices.com/adchoices

UBS is counting down to July’s US semiquincentennial with a series of reports exploring 250 years of uniquely American innovation. This week, UBS’s Kurt Reiman discusses the rise and impact of the assembly line.See omnystudio.com/listener for privacy information.

Diane King Hall turns to the market movers kicking off trading action to start the short week, including a Southwest Airlines (LUV) upgrade from UBS. Redburn has varying views on the discount retailer space through its upgrade on Dollar Tree (DLTR) and downgrade in Dollar General (DG). In the cybersecurity industry, Diane explains why Mizuho cut its price target on Palo Alto Networks (PANW) ahead of earnings. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

✨ Explore more manifestation resources here: https://www.thelawofattractiontribe.com/ Mark Gober is the award-winning author of “An End to Upside Down Thinking,” which is the first of a seven-book series. Previously he was a partner at Sherpa Technology Group in Silicon Valley and an investment banking analyst with UBS in New York. He also serves on the Board of the Institute of Noetic Sciences. Learn More About Mark's Work Here: https://www.markgober.com/ Resources Mentioned: Where Is My Mind Podcast An End To Upside Down Thinking Book Series Learn more about your ad choices. Visit megaphone.fm/adchoices

Thomas Schori, Tide Ocean Material’s founder and CEO, discusses his success in this year’s UBS Pitch for Purpose event and why it is important for UBS to champion individuals addressing urgent global challenges.See omnystudio.com/listener for privacy information.

This Day in Legal History: Bruno Hauptmann ConvictedOn February 13, 1935, a New Jersey jury convicted Bruno Hauptmann of kidnapping and murdering the infant son of famed aviator Charles Lindbergh. The crime had transfixed the nation for nearly three years and was widely labeled the “Crime of the Century.” The child was taken from the Lindbergh home in 1932, and despite a ransom payment, was later found dead. Public outrage was immediate and intense, with newspapers covering nearly every development in the investigation and trial.Hauptmann's prosecution relied heavily on circumstantial evidence, including ransom notes and expert testimony linking his handwriting to those notes. The government also introduced evidence tying marked ransom bills to Hauptmann's possession. The trial raised early concerns about the reliability of forensic handwriting analysis and the influence of media attention on jury impartiality. Critics then and now have questioned whether the intense publicity compromised due process protections.The case also reshaped federal criminal law. In response to the kidnapping, Congress enacted the Lindbergh Law, formally known as the Federal Kidnapping Act. The statute made it a federal offense to transport a kidnapping victim across state lines, expanding federal jurisdiction over what had traditionally been a state crime. That shift reflected a broader trend during the early twentieth century toward increased federal involvement in criminal enforcement.Today, the Hauptmann conviction remains a staple in criminal law courses, not only for its tragic facts but also for its lasting procedural and constitutional implications.Goldman Sachs' chief legal officer, Kathy Ruemmler, resigned after newly released Justice Department documents detailed her past communications with Jeffrey Epstein. CEO David Solomon announced that he accepted her resignation, which will take effect on June 30. Ruemmler said the media attention surrounding her prior legal work had become a distraction. The disclosures showed she exchanged numerous emails with Epstein between 2014 and 2019 and received gifts from him, including luxury items. Some emails revealed that she advised Epstein on how to respond to press inquiries about his treatment by prosecutors.The documents also noted that Epstein attempted to contact her by phone on the night of his 2019 arrest on sex trafficking charges. Ruemmler stated that she knew Epstein only in her capacity as a defense attorney and denied any knowledge of ongoing criminal conduct. Before joining Goldman, she led the white-collar defense practice at Latham & Watkins and previously served as White House counsel during the Obama administration.The broader document release has drawn attention to Epstein's connections within major financial institutions, including UBS and JPMorgan. Ruemmler's departure marks one of the most prominent banking exits linked to the renewed scrutiny of Epstein's network.Top Goldman Sachs lawyer Ruemmler resigns after Epstein disclosures | ReutersA federal judge in Minnesota ruled that U.S. Immigration and Customs Enforcement improperly interfered with detainees' access to their attorneys during a recent enforcement operation. U.S. District Judge Nancy Brasel found that ICE's practices during “Operation Metro Surge” effectively denied thousands of people meaningful legal access. The order requires ICE to stop quickly transferring detainees out of Minnesota and to permit attorney visits and confidential phone calls. The ruling will remain in effect for 14 days while the case proceeds.The class action lawsuit was filed on January 27 on behalf of noncitizen detainees. According to the court, many individuals were moved out of state without notice, making it difficult or impossible for lawyers to locate them. In some instances, detainees were transferred so often that ICE itself lost track of their whereabouts. Judge Brasel concluded that while ICE did not formally deny the right to counsel, its actions in practice severely limited that right.The court also cited evidence that detainees were given limited phone access, sometimes sharing a small number of phones among dozens of people, with calls occurring in nonprivate settings. One asylum seeker with a valid work permit was held for 18 days despite a court order requiring his earlier release and was transferred across multiple states without explanation. The judge rejected ICE's claim that it lacked sufficient resources, noting that the agency had committed substantial personnel and funding to the enforcement effort.ICE blocked detainees' access to lawyers in Minnesota, judge finds | ReutersPresident Donald Trump announced four new judicial nominations, including a White House attorney selected for a seat on the U.S. Court of International Trade. The nominee, Kara Westercamp, currently serves as associate counsel in the White House and previously worked at the Justice Department. If confirmed, she would join a nine-member court that handles disputes involving U.S. trade laws, including challenges to tariffs. Her nomination comes as numerous companies contest Trump's sweeping global tariffs and seek refunds on duties already paid.Retailers and manufacturers such as Costco, Goodyear, and Revlon have filed lawsuits arguing that the tariffs exceed presidential authority. Earlier rulings from the trade court and the U.S. Court of Appeals for the Federal Circuit blocked most of the tariffs, and the U.S. Supreme Court is now reviewing the matter. Trump has publicly criticized the earlier decisions.In addition to Westercamp, Trump nominated Katie Lane to a federal district court in Montana, Sheria Clarke to a district court seat in South Carolina, and federal prosecutor Evan Rikhye to a 10-year term on the District Court of the Virgin Islands. All nominees must be confirmed by the Senate.Trump nominates White House lawyer to court hearing tariff cases | ReutersFormer CNN anchor Don Lemon is scheduled to appear in federal court in Minnesota to enter a plea related to charges stemming from his coverage of a protest at a St. Paul church. The protest targeted President Donald Trump's immigration enforcement surge in the state. Lemon, now an independent journalist, livestreamed the January 18 demonstration, which disrupted a worship service at Cities Church.Federal prosecutors charged him with conspiring to violate civil rights and with obstructing access to a house of worship under a statute also used in cases involving abortion clinic protests. His attorney argues that the prosecution infringes on Lemon's First Amendment rights and characterizes the case as an attack on press freedom. Trump publicly supported the charges, while Attorney General Pam Bondi stated that authorities would protect the right to worship without interference.The protest occurred during broader demonstrations against federal immigration actions in Minnesota, where thousands had gathered to oppose the crackdown. Lemon was seen on video speaking with activists before and during the disruption and interviewing participants and congregants inside the church. Another journalist, Georgia Fort, faces similar charges and has denied wrongdoing, stating she was reporting rather than participating.Journalist Don Lemon to enter plea in Minnesota ICE protest case | ReutersThis week's closing theme is by Johann Sebastian Bach.Bach stands as one of the central figures of the Baroque era, revered for the structural clarity and spiritual depth of his music. Born in 1685 into a long line of musicians, Bach spent much of his career serving as a church organist and cantor in German cities such as Arnstadt, Weimar, and Leipzig. Though not widely celebrated outside musical circles during his lifetime, his reputation has since grown to near-mythic status. His compositions balance intellectual precision with emotional resonance, blending intricate counterpoint with lyrical expression.This week's closing theme is his Cello Suite No. 1 in G major, BWV 1007, likely composed around 1720 during his tenure in Köthen. The suite opens with one of the most recognizable preludes in all of classical music, built from flowing arpeggios that unfold with quiet inevitability. Written for unaccompanied cello, the piece demonstrates Bach's ability to imply harmony and depth through a single melodic line. The suite follows the traditional Baroque dance structure, moving from Prelude through Allemande, Courante, Sarabande, Menuets, and Gigue.For many listeners, the Prelude evokes clarity, order, and calm—qualities that make it a fitting close to the week. Its simplicity is deceptive; beneath the surface lies careful architecture and subtle harmonic movement. The work fell into relative obscurity until the twentieth century, when cellist Pablo Casals famously revived it and brought it to concert stages worldwide. Today, it remains a cornerstone of the cello repertoire and a touchstone of Baroque artistry. As a closing theme, it offers both reflection and renewal, ending not with flourish but with quiet confidence.Without further ado, Johann Sebastian Bach's Cello Suite No. 1 in G major, BWV 1007–enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In this forward-thinking episode, Sabine VanderLinden returns to kick off the year with a transformative discussion on “frontier firms” and the rise of agentic enterprises. As digital transformation accelerates, leaders face challenges like increasing climate risks, cyber threats, and widening protection gaps—pushing businesses (especially in regulated industries like insurance) to rethink strategies. Sabine explores how trailblazing organizations are leveraging AI not just as an assistant, but as an autonomous driver of capacity and productivity.  Through practical frameworks and real-world case studies, this episode lays out the playbook for riding the next wave of innovation, resilience, and growth. KEY TAKEAWAYS This year on Scouting for Growth, I wanted to regroup and make sure my podcast continues to deliver what matters most to you in the fast-paced transformation market. After a brief pause and reflection, and evaluating the insights from the World Economic Forum, with a clear sense that the world feels increasingly uninsurable—climate risk, cyber threats, and protection gaps are all expanding. But I believe that this narrative of uninsurability is simply a choice, not a certainty. I see a new class of leaders emerging, those who aren't just trying to manage risk but who are fundamentally changing how we approach it. Transformation isn't just happening in isolated labs; it's exploding at the convergence of capital, technology, and strategy—the true frontier of business. This is where agentic enterprises are emerging, blending human leadership with AI agents, forming digital workforces where competitive advantage depends on our agility with data, not just data ownership. Examples abound: Telstra is scaling AI across thousands of employees, UBS has put AI at the heart of its business via a Chief AI Officer, Mercedes-Benz uses digital twins and multiple agent systems to optimize production, and at Nestlé, AI is transforming everything from farm to fork. These companies aren't dabbling—they're fundamentally rethinking their models and leadership. My message is simple: the agentic frontier is not some distant theory—it's here and now. The uninsurable world is a choice, and you can choose to lead in this new paradigm. The tools and models exist, and the only question left is who has the courage to execute. As you listen and engage this year, I'll keep guiding you through these themes—helping you build, not just watch, the future unfold. BEST MOMENTS "The uninsurable world is a choice, not a certainty. While some twist their hands over these challenges, a new class of leaders is rewriting the rules of the game." "A frontier firm in the simplest terms is an organization that is human led but agent operated. This means your people set the vision and define success, while AI agents handle a significant share of the execution, working autonomously with oversight across processes." "Mastering [these levers] is the difference between watching the future happen and actively building it." "The market is sending an unequivocal message: the future of financial institutions including insurance, all regulated industry belongs to the agentic enterprise. This is not a distant vision; it is happening right now." ABOUT THE HOST Sabine VanderLinden is a corporate strategist turned entrepreneur and the CEO of Alchemy Crew Ventures. She leads venture-client labs that help Fortune 500 companies adopt and scale cutting-edge technologies from global tech ventures. A builder of accelerators, investor, and co-editor of the bestseller The INSURTECH Book, Sabine is known for asking the uncomfortable questions—about AI governance, risk, and trust. On Scouting for Growth, she decodes how real growth happens—where capital, collaboration, and courage meet. If this episode sparked your thinking, follow Sabine VanderLinden on LinkedIn, Twitter, and Instagram for more insights. And if you're interested in sponsoring the podcast, reach out to the team at hello@alchemycrew.ventures  

The G-10 FX narrative has mainly been dollar- and structurally driven year-to-date, while euro headlines have been sidelined. This could change into 2H as European fiscal stimulus starts to lift the region's economic narrative and validates the ECB-driven relative yield advantage into 2H. In this episode of FX Moment, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Constantin Bolz, Head of G-10 FX for UBS's Chief Investment Office, focus on the euro side of the bullish euro-dollar view and how a cautiously optimistic euro macro narrative can be consistent with a euro-dollar break of $1.20. They also present their strongest G-10 FX convictions for the year — on pro-cyclical currencies including the Aussie dollar and the Norwegian krone — and touch on expected Swiss franc and yen fortunes for 2026.

Innerhalb eines Jahres hat der US-Dollar gegenüber dem Franken über 14 Rappen verloren. Gründe für eine weitere Abwertung könnten anhaltende Zweifel an der Unabhängigkeit der US-Notenbank Fed sowie weitere Zinssenkungen zur Stärkung der US-Wirtschaft sein, sagt Florian Germanier, UBS-Ökonom. SMI ±0.0%

Comment on the Show by Sending Mark a Text Message.What would you do if your career was at stake, and your integrity was challenged by the very system you worked for? In this gripping episode of Employee Survival Guide®, Mark Carey unravels the whistleblowing legal saga of Trevor Murray, a strategist at UBS who faced a harrowing integrity dilemma in the cutthroat world of Wall Street. As the pressure mounted to alter his research reports to benefit the trading desk, Murray found himself at a crossroads, ultimately choosing whistleblowing on unethical practices that threatened not just his job, but the very fabric of corporate integrity. This episode takes you on a deep dive into the murky waters of employment law, focusing on pivotal legislation such as the Sarbanes-Oxley Act and the Dodd-Frank Act. Over an arduous 14-year journey through various legal battles, Murray's case culminated in a landmark Supreme Court decision that redefined whistleblowing, clarifying that the intent to retaliate does not need to be proven for a case to hold water. But as we celebrate this legal victory, we must also confront the harsh realities faced by whistleblowers. Are the protections offered by the law truly effective, or do they merely exist on paper? Join us as we explore the moral and ethical challenges that arise in a hostile work environment, shedding light on critical issues like employee rights, retaliation, and workplace discrimination. Murray's story raises vital questions about the culture of silence that often pervades corporate America, and the toll that such battles can take on individuals' lives and careers. Through this lens, we examine the broader implications of employment law issues, from severance negotiations to performance improvement plans, and the importance of employee advocacy in navigating workplace dynamics. Whether you're an employee grappling with a toxic work culture, a manager striving for a healthier workplace, or someone interested in the intricacies of employment law, this episode is packed with insights and practical advice. Tune in to gain an understanding of your rights at work, learn how to effectively negotiate employment contracts, and discover strategies for surviving and thriving in the challenging landscape of modern employment. Don't miss this opportunity to empower yourself with the knowledge you need to navigate your career with confidence and integrity. Welcome to the Employee Survival Guide®—your essential resource for thriving in today's complex workplace.  If you enjoyed this episode of the Employee Survival Guide please like us on Facebook, Twitter and LinkedIn. We would really appreciate if you could leave a review of this podcast on your favorite podcast player such as Apple Podcasts and Spotify. Leaving a review will inform other listeners you found the content on this podcast is important in the area of employment law in the United States. For more information, please contact our employment attorneys at Carey & Associates, P.C. at 203-255-4150, www.capclaw.com.Disclaimer: For educational use only, not intended to be legal advice.

Peso Pluma Biography Flash a weekly Biography.Hey darlings, its your girl Roxie Rush here on Peso Pluma, and yeah, Im an AI dishing the hottest scoops faster than you can say corridos tumbados thats a good thing because I pull verified tea from everywhere without missing a beat, keeping you in the loop 24/7. Bursting in with the motherlode Peso Pluma just exploded onto arenas with his DINASTIA by Peso Pluma and Friends Tour announcement, dropping January 19th via Chase Center and Pollstar news. This 31-date beast kicks off March 1 in Seattle at Climate Pledge Arena, hits Chase Center in San Francisco March 3, T-Mobile in Vegas March 13, Madison Square Garden April 30, UBS Arena May 1, and wraps May 7 in Chicago at United Center think elevated production, immersive vibes, and rotating surprise guests like his Musica Mexicana squad, riding the wave of his chart-slaying DINASTIA album with cousin Tito Double P that topped Billboards Top Latin and Regional Mexican charts, Spotify Global Albums, and cracked the Billboard Global 200 top 10.In the past 24 hours, no fresh headlines popped, but yesterday February 7, NYSMusic hyped those MSG and UBS shows as a cultural quake, proving Pesos breaking language barriers in the Big Apple. Warner Music Groups Q3 earnings report from Hot971Radio spotlighted him driving streaming revenue spikes alongside Teddy Swims, cementing his global empire status post-Grammy win and that iconic Ella Baila Sola breakout. No public sightings or social buzz in the last few days, but this tour news is biographical gold hell cement his arena-conquering legacy after selling out Exodo in 2024 with Snoop and 50 Cent. Tickets dropped public sale January 21 via LiveNation, VIPs snag meet-and-greets at vipnation.com grab em before they vanish like his last tours.Whew, Pesos unstoppable, fam. Thanks for tuning in subscribe now to never miss a Peso pulse-pounder, and search Biography Flash for more glam bios. Muah.And that is it for today. Make sure you hit the subscribe button and never miss an update on Peso Pluma. Thanks for listening. This has been a Quiet Please production."Get the best deals https://amzn.to/42YoQGIThis content was created in partnership and with the help of Artificial Intelligence AI

Alphabet’s blockbuster quarter puts AI back in the spotlight as the tech giant delivers surging profits and resilient ad growth, even as markets turn jittery. Hosted by Michelle Martin with Ryan Huang, this episode unpacks what’s powering Alphabet’s earnings and why its results still sparked a sell-off. We explore how AI spending is lifting hardware winners like Nvidia and Broadcom - while software stocks face mounting skepticism. The conversation widens to Wall Street’s uneven session, where tech drags on the S&P 500 and NASDAQ despite broad-based market strength. Our UP or DOWN game runs through big earnings from Eli Lilly, GSK, Uber, UBS and Yum Brands. Plus, Singapore markets hit fresh highs and a cultural “Last Word” on the Melania documentary and brand power.See omnystudio.com/listener for privacy information.

Der Bund und die SBB müssen sich nochmals mit den FV-Dosto-Doppelstockzügen befassen. Im Fokus steht die Frage der Barrierefreiheit. Das Bundesverwaltungsgericht hat eine entsprechende Beschwerde gutgeheissen. Alle Themen: (00:00) Intro und Schlagzeilen (01:29) Doppelstockzüge der SBB müssen erneut geprüft werden (08:54) Wie sich Auftrag und Befugnisse von ICE unter Trump verändern (17:41) Lausanner Polizei und Regierung legen Zwischenbericht vor (22:26) Die Gewinne der UBS und der Streit um die Kapitalanforderungen (25:59) Individualbesteuerung: zwei Paare im Vergleich (31:44) Grossbritanniens Reform UK mit wachsendem Zulauf (37:33) Wahlen in Thailand: Wie steht es um Chancen der People's Party?

UBS posts quarterly profit of $1.2bn and hikes its dividend by 22 per cent and reaffirms its forecasts for the year. The Swiss lender says it is on track to fully integrate Credit Suisse later this year but CEO Sergio Ermotti says clients remain wary due to geo-political considerations. Pharma giant Novo Nordisk sees U.S.-listed shares plunge after warning of disappointing sales due to competition to its flagship obesity drugs. CEO Mike Doustdar believes the GLP-1 market will only get bigger. And in tech news, Anthropic's new ‘Claude' model causes a wider sell-off in enterprise and cloud software as the threat of A.I. disruption looms over white-collar sectors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Die Grossbank hat ihre Jahreszahlen veröffentlicht. Sie konnte ihren Gewinn im Vergleich zum Vorjahr um über 50 Prozent steigern. Zur Integration der Credit Suisse schreibt die UBS, die komme «ausgezeichnet» voran. Weitere Themen: · Auch Novartis kann seinen Gewinn steigern. Der Pharmakonzern hat im letzten Jahr einen Gewinn von 17,4 Milliarden US-Dollar erzielt. · Die Ukraine und Russland treffen sich zu neuen Gesprächen in Abu Dhabi: Die Erwartungen des Westens sind allerdings tief. · Das US-Militär hat eine iranische Drohne abgeschossen. Es schreibt, die Drohne habe sich einem Flugzeugträger der USA im arabischen Meer genähert. · Massiver Marktverlust an der Wall Street: Die US-Börse verliert fast 300 Milliarden Dollar an Marktwert, wegen einer neuen KI-Anwendung. · Shutdown in den USA nach vier Tagen beendet: Das Repräsentantenhaus hat ein Finanzierungspaket gebilligt. · Fussball: Im Schweizer Cup der Männer stehen GC und Yverdon im Halbfinal.

Aandeelhouders van Novo Nordisk slaan steil achterover van een winst- en omzetwaarschuwing van de maker van afval-medicijnen. Winst en omzet gaan veel lager uitvallen dit jaar. En de woorden van de topman (dat betere tijden er aankomen) vallen helemaal verkeerd.Deze aflevering hebben we het over de voormalig beurslieveling. Wat ging er mis? En waarom gaat het wél lekker bij concurrent Eli Lilly? Moet je nu wel of niet beleggen in afvalmedicatie? Hebben we het ook over Banco Santander. Voor de jonge luisteraar: dat is een Spaanse bank die in 2007 samen met twee concurrenten ABN Amro opkochten. Net voor de financiele crisis hard om zich heen sloeg. Vandaag de dag is Santander de grootste van Europa en gaat het weer op overnamepad. Dit keer in de VS. Wij kijken of de overnamegolf in bankenland nu echt begonnen is.Gaat het ook over Nintendo. Dat maakte beleggers gister nog lekker met de verkoopcijfers van de Switch 2. Maar gaat een dag later gigantisch onderuit. Beleeft zelfs de ergste handelsdag in anderhalf jaar tijd!Verder deze aflevering: De koersval van AMD Nearfield instruments, een oud-bekende van BNR Beurs, slaat de beursgong TomTom weet wéér niet te overtuigen Te gast: Arend Jan Kamp van Stockwatch.nl BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij BNR Zakendoen en de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie. Van Musk tot Microsoft en van Ahold tot ASML. Wij vertellen je wat beleggers bezighoudt, wie de markten in beweging zet en wat dat betekent voor jouw beleggingsportefeuille.See omnystudio.com/listener for privacy information.

Das Schweizer Geschäft der UBS liefert jährlich konstante Gewinne. Doch zuletzt ist es aufgrund der Nullzinsen unter Druck geraten. Jedoch werde die CS-Integration zu mehr Kosteneinsparungen führen, sodass für 2026 trotzdem ein Gewinnanstieg zu erwarten sei, sagt Andreas Venditti, Analyst Vontobel. SMI +1.0%

Der Goldpreis schlägt in diesen Tagen historische Kapriolen: Nach einem Plus von über 65 Prozent alleine im letzten Jahr und einem neuen Höchststand im Januar ist Gold zu Beginn dieser Woche um über 20 Prozent eingebrochen. Wird sich der Goldpreis wieder erholen – oder ist die Gold-Rally nun endgültig vorbei? Antworten darauf hat Eveline Kobler. Sie ist eine der renommiertesten Wirtschaftsjournalistinnen der Schweiz und moderiert seit Anfang Jahr die SRF-Wirtschaftssendung «Eco Talk». Im Geldcast spricht sie zudem über Kevin Warsh, den designierten Nachfolger von Jerome Powell an der Spitze der US-Zentralbank Fed, über die Geldpolitik des Nationalbank-Präsidenten Martin Schlegel sowie über die Frage: Worin unterscheiden sich eigentlich Gold und Bitcoin? www.fabiocanetg.ch Der Schweizer Wirtschaftspodcast mit den hochkarätigsten Gästen! Von Börsen und Bitcoin bis Kaufkraft und Zinsen: Fabio Canetg, Geldökonom und Journalist, diskutiert im Geldcast mit seinen Gästen aus Wirtschaft, Politik und Wissenschaft über deren Werdegang, über die aktuellsten Themen aus der Finanzwelt, über die Geldpolitik der Schweizerischen Nationalbank und über die Wirtschaftspolitik von Bundesrat und Parlament. Ein Podcast über Zentralbanken, Inflation, Schulden und Geld – verständlich und unterhaltsam für alle, die auf dem Laufenden bleiben wollen. Stichworte: Gold, Goldpreis, Silber, Silberpreis, Bitcoin, Kevin Warsh, Martin Schlegel, Geldpolitik, Zinsen, Negativzinsen, Eveline Kobler, Wirtschaftsjournalismus, Swiss Life, SRF, UBS

Comment on the Show by Sending Mark a Text Message.What happens when a financial villain becomes a plaintiff in a landmark legal battle? Join Mark Carey in this riveting episode of the Employee Survival Guide® as we dissect the extraordinary journey of Tom Hayes, the former trader at the center of the LIBOR scandal. After being convicted and then having his conviction quashed, Hayes has turned the tables, suing his former employer, UBS, for a staggering $400 million for malicious prosecution. This isn't just a story about money; it's about justice, employee rights, and the complexities of navigating a hostile work environment. As we delve into the dramatic twists of this malicious prosecution case, we explore the multifaceted implications of Hayes' autism spectrum disorder on his actions and decision-making processes. How does this impact his narrative and the way the world perceives him? In a corporate landscape often riddled with discrimination and retaliation, Hayes' story serves as a powerful reminder of the challenges employees face when standing up against powerful employers. The contrasting narratives presented by Hayes and UBS raise critical questions about corporate accountability, the ethics of employee treatment, and the ever-present issues of discrimination in the workplace. Throughout the episode, we dissect the legal documents that frame this high-stakes malicious prosecution case, shedding light on the intricacies of employment law and the potential ramifications for the financial industry. What does this mean for employees navigating their own work disputes? How can understanding such cases empower workers to negotiate better severance packages or combat workplace harassment? The insights shared here are not just for those embroiled in legal battles; they resonate with anyone seeking to understand their rights and responsibilities in the workplace. As we wrap up this compelling narrative, we reflect on the broader implications of Hayes' malicious prosecution case for corporate governance and employee survival strategies. This episode of the Employee Survival Guide® is not just about one man's fight for justice; it's about empowering every employee to stand up against discrimination, advocate for their rights, and navigate the often murky waters of employment contracts and corporate policies. Tune in to discover how you can apply these lessons to your own career and workplace culture, ensuring that you are equipped with the knowledge and skills to thrive in any environment. Whether you're facing challenges in your job, negotiating severance, or simply looking to enhance your understanding of employment law issues, this episode is packed with valuable insights and actionable advice. Don't miss out on this opportunity to learn from a case that If you enjoyed this episode of the Employee Survival Guide please like us on Facebook, Twitter and LinkedIn. We would really appreciate if you could leave a review of this podcast on your favorite podcast player such as Apple Podcasts and Spotify. Leaving a review will inform other listeners you found the content on this podcast is important in the area of employment law in the United States. For more information, please contact our employment attorneys at Carey & Associates, P.C. at 203-255-4150, www.capclaw.com.Disclaimer: For educational use only, not intended to be legal advice.

While fragmented markets, bureaucracy, complexity and high social spending might hold Europe back, there remains plenty to be optimistic about. UBS’s Burkhard Varnholt explains why Europe is rich – in both contradictions and opportunities.See omnystudio.com/listener for privacy information.

Comienza una semana intensa para los mercados bursátiles, marcada por la atención a los bancos centrales, los resultados empresariales y los principales indicadores económicos a ambos lados del Atlántico. La agenda arranca con la publicación de los PMIs y continúa con la decisión de tipos en Australia, las reuniones del Banco Central Europeo y del Banco de Inglaterra, el dato de inflación de la zona euro y el informe de empleo en Estados Unidos. Además, numerosas compañías relevantes presentan resultados, entre ellas Banco Santander, BBVA, UBS, Société Générale, Amazon y Alphabet, junto a otras como Sabadell, ArcelorMittal, AMD, Nintendo, Sony, PepsiCo, Walt Disney, Eli Lilly o Novo Nordisk. En la tertulia de mercados analizamos la resaca de la Reserva Federal, las expectativas sobre el BCE, la debilidad del dólar, el récord del oro y la plata, la evolución del petróleo ante la reunión de la OPEP y el posicionamiento de las carteras, así como los sectores y compañías preferidos con vistas a 2026. Lo hacemos con Claudia Casco, portfolio manager en Miralta AM, Javier Galán, Responsable de renta variable y gestor de fondos de Renta 4 Gestora, Ignacio Martín Ocaña, Senior Portfolio Manager Head of Multi-Asset Funds Santalucía AM y Francisco Sainz, director de inversiones de Fonditel.

SBS Finance Editor Ricardo Gonçalves takes a deep dive into today's higher than expected inflation figures to find out what it means for interest rates and for the sharemarkets with Stephen Wu from UBS, James Gerrish from Market Partners and Stephen Miller from GSFM Funds Management.

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: Shutdown fears are back -- Bitcoin & stocks are feeling the pressure Gold and silver just hit fresh all-time highs as Davos screamed "uncertainty" Ray Dalio's warning goes mainstream: print money or face a debt crisis Japan's bond stress could spill into U.S. Treasuries and push global rates higher Who's likely to be next Fed Chair? We explain. Bitcoin reenters the spotlight, plus rapid-fire: UBS crypto, debanking lawsuit drama, and BitGo's IPO moment --- The News Block is powered exclusively by Ledn – the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. My followers get .25% off their first loan. Learn more at www.ledn.io/natalie  ---- Order my new intro to Bitcoin book "Bitcoin is For Everyone": https://amzn.to/3WzFzfU  ---- Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com  —- References mentioned in the episode: Treasury Rate Check Boosts Yen, Weakens Dollar Speculation Mounts: Japan to Buy Yen with U.S. Help? Ray Dalio Warns of Breakdown in the Monetary Order Dollars' Shrinking Role in Global FX Reserves Institutions are Reducing Dollar FX Exposure Ken Griffin: Japan Bond Market is "Explicit Warning" French Central Bank Governor Dismisses Bitcoin  Coinbase CEO Spars With Central Bank Governor BlackRock CIO's Fed Chair Nomination Odds Skyrocket  BlackRock CIO's Bid for Fed Chair Gaining Traction Rick Rieder's Comments on Bitcoin Allocation U.S. Market Structure Bill Faces Weeks of Delay BitGo IPO's on the New York Stock Exchange UBS Plans to Offer Crypto Trading to Clients PwC Survey on Bitcoin's Institutional Adoption Trump Sues JPMorgan Chase for Debanking ---- Upcoming Events: Strategy World 2026 in Las Vegas on February 23-26th - Use code HODL for discounted tickets: https://www.strategysoftware.com/world26  Bitcoin 2026 will be here before you know it. Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/event/bitcoin-2026?promoCodeTask=apply&promoCodeInput=  ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing

Clark Smith boasts an impressive career spanning over three decades in the financial advisory realm. He embarked on his journey in 1990 as a financial advisor with Dean Witter Reynolds, quickly rising to prominence as the firm's youngest Retirement Planning Specialist by 1993. Specializing in Retirement Financial Planning, Clark has dedicated his career to helping clients achieve their long-term financial goals.His career trajectory continued upward, becoming Vice President of Investments at Prudential Securities in 1995. From 2000 to 2006, Clark served as Vice President of Investments at UBS, further honing his expertise in investment strategies. In 2006, he took a significant leap by becoming a founding partner and portfolio manager at Woodridge Capital Portfolio Management, where his leadership extended to managing a hedge fund at Woodridge Partners from 2008 to 2016.After a brief retirement from 2017 to 2020, Clark re-entered the financial sector as a Senior Financial Advisor and Director of Retail Operations. His commitment to nurturing talent led him to become the Head of Training for Advisormax financial advisors from 2021 to 2024, where he played a pivotal role in shaping the next generation of financial advisors.Clark Smith's career reflects a steadfast dedication to financial excellence and leadership, marked by his strategic vision and commitment to education and mentorship within the industry. His specialization in Retirement Financial Planning underscores his passion for guiding clients towards secure and fulfilling retirements.Learn more: https://goldenyearsria.com/Insurance products are offered through the insurance business Golden Years Financial. Golden Years Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by Golden Years Financial are not subject to Investment Adviser requirements. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Golden Years Financial is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Golden Years Financial.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-clark-smith-president-of-golden-years-financial-discussing-his-book-when-the-paycheck-stops

Clark Smith boasts an impressive career spanning over three decades in the financial advisory realm. He embarked on his journey in 1990 as a financial advisor with Dean Witter Reynolds, quickly rising to prominence as the firm's youngest Retirement Planning Specialist by 1993. Specializing in Retirement Financial Planning, Clark has dedicated his career to helping clients achieve their long-term financial goals.His career trajectory continued upward, becoming Vice President of Investments at Prudential Securities in 1995. From 2000 to 2006, Clark served as Vice President of Investments at UBS, further honing his expertise in investment strategies. In 2006, he took a significant leap by becoming a founding partner and portfolio manager at Woodridge Capital Portfolio Management, where his leadership extended to managing a hedge fund at Woodridge Partners from 2008 to 2016.After a brief retirement from 2017 to 2020, Clark re-entered the financial sector as a Senior Financial Advisor and Director of Retail Operations. His commitment to nurturing talent led him to become the Head of Training for Advisormax financial advisors from 2021 to 2024, where he played a pivotal role in shaping the next generation of financial advisors.Clark Smith's career reflects a steadfast dedication to financial excellence and leadership, marked by his strategic vision and commitment to education and mentorship within the industry. His specialization in Retirement Financial Planning underscores his passion for guiding clients towards secure and fulfilling retirements.Learn more: https://goldenyearsria.com/Insurance products are offered through the insurance business Golden Years Financial. Golden Years Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by Golden Years Financial are not subject to Investment Adviser requirements. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Golden Years Financial is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Golden Years Financial.Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-clark-smith-president-of-golden-years-financial-discussing-his-book-when-the-paycheck-stops

Crypto News: Binance Founder CZ predicts Bitcoin will enter a supercycle this year.. UBS weighing crypto trading for private banking clients.Brought to you by

With Tim Krueger, Co-Founder and Partner at Krueger, Fosdyck, Brown, McCall & Associates – New Edge Advisors, LLC Overview For many advisors, the real question isn't how big the business becomes—but what happens next. This episode explores how Tim Krueger and his $1.4B Merrill team rethought succession, liquidity, and legacy to create long-term continuity. Watch… Listen in… > Download a transcript of this episode… 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. About this episode… For many advisors, success is defined by growth: more clients, more assets, more revenue. But at some point, the question shifts from, “How big can we build this?” to “What happens next?” After nearly two decades at Merrill, Tim Krueger and his partners had built a $1.4B practice and one of the most successful teams in their market. By any traditional measure, the internal sunset path would have been the simplest option. But simplicity wasn't the goal. Protecting clients, creating opportunities for the next generation, and preserving the culture they had built mattered more. That led Tim and his partners to make a very different decision: to break away from the wirehouse, sell out of that environment entirely, and align with NewEdge Advisors in a way that solved for succession, liquidity, and long-term continuity—simultaneously. In this conversation with Louis Diamond, Tim shares how focusing on other people's needs – clients, teammates, and future leaders – became the ultimate growth strategy. Plus, they discuss: Lessons learned over nearly two decades at Merrill—and how structure, team building, and next gen cultivation become paramount. Stepping away from Merrill's CTP retire-in-place program—and what other business owners shared with him that inspired the decision to leave the wirehouse. Opting to align with NewEdge Advisors—and how liquidity and continuity were key factors. “Shrinking to grow”—and why it isn't just a portfolio philosophy, but a business one. Monetizing the business—and how the process can be a new beginning for the business, not an end for the business owners. Building a true runway for G2 and G3—and how it can create a rare win-win-win for founders, teams, and clients alike. It's a candid look at what life after a wirehouse can unlock—and how thinking differently about succession can redefine both legacy and fulfillment. Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002. Related Resources Diamond Consultants Merrill Advisor Transition Report This annual “firm-focused report” takes a closer look at advisor movement to and from Merrill during the first half of 2025. The Transition Roundtable: Merrill, UBS, Wells, and Morgan Advisors Reflect on Their Paths Four top advisors who each left a major firm share how they built successful independent businesses on their own terms. Originally recorded as a live webinar, this candid roundtable explores the real fears, challenges, and opportunities of transition, and what advisors wish they'd known before making the leap. Shrink to Grow: Why Advisors are Making the “Strategic Decision” to Let Go of Assets In a world where bigger is considered better, many of Wall Street's most talented and productive advisors are opting to go against the grain and leave chips on the table. Tim Krueger With over four decades years of experience in financial services, Tim Krueger is a recognized leader in wealth management. As Co-Founder and Partner at KFBMA, Tim provides strategic oversight for the firm's vision, growth, and operational excellence. He guides key initiatives, mentors advisors, and ensures that KFBMA remains at the forefront of industry's best practices, delivering a client experience defined by trust, innovation, and results. Drawing on decades of experience in private wealth management, Tim combines strategic insight with deep expertise in investment planning, risk mitigation, and tax-efficient strategies. His commitment to building enduring relationships ensures that every recommendation is tailored to deliver meaningful, long-term results aligned with each client's goals and family priorities Tim is known for creating comprehensive, highly personalized wealth management strategies that reflect the goals, values, and family priorities of his clients. His approach combines strategic insight with a commitment to building lasting relationships, ensuring advice that drives meaningful, long-term results that align with each client's goals and family priorities. In 2025, Tim partnered with Cory Fosdyck, Jerry Brown, and Collin McCall to establish Krueger, Fosdyck, Brown, McCall & Associates (KFBMA)—an evolution of the highly regarded Krueger, Fosdyck & Associates team that operated under Merrill Lynch Wealth Management from 2006 to 2025. Beyond his professional achievements, Tim is a passionate community advocate. He has emceed numerous charitable events in the Destin area and served as Chair of the American Cancer Society's Cattle Barons' Ball (2008–2009) and Chairman of the Safety & Public Works Committee for the City of Destin. Today, Tim continues to make an impact as a Trustee of the Destin Charity Wine Auction Foundation, charter sponsor of Sinfonia Gulf Coast, and supporter of the Mattie Kelly Arts Foundation and Special Operators Transition Foundation. Tim also serves on the board of directors of DEFENSEWERX the nation's largest 501(c)(3) organization of its kind, dedicated to enabling agile innovation for government partners through a network of innovation hubs across the country. Recognition & Honors: Named to Forbes Best-in-State Wealth Advisors list (2022–2025) Named to Forbes Best-in-State Wealth Management Teams list (2023–2025) Also available on your favorite podcast app and other media sites

Crypto News: UBS Bank CEO says Crypto is the Future of Banking and Finance. Coinbase CEO Brian Armstrong speaking at Davos, exposed why banks are fighting stablecoin rewards.Brought to you by

VLOG Jan 16 Habeas mooted as ICE flies woman to Ecuador? https://innercitypress.com/sdny102aoetkenbrisenoicp011526.html Pokemon card fraud cooperator https://www.patreon.com/posts/card-games-in-on-148329336Fed loses UBS letter? https://innercitypress.com/bank33cubsfedoccicp011526.html asks Fulton branch closings. CBU Bank death industry M&A. @UNMediaLiaison press ban

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In the first episode of Season 6, Adrian Ellis speaks with Noah Horowitz, CEO of Art Basel, about how art fairs shape cities and cultural ecosystems. Their conversation explores the evolving role of Art Basel as a cultural platform operating at the intersection of culture, capital, and place – and what that means for the cities that host them.External references:Art Basel: Global art fair platform founded in Basel in 1970, with editions in Basel, Miami Beach, Hong Kong, Paris, and Qatar.MCH Group: Swiss-based live marketing and events company and parent company of Art Basel.UBS & Art Basel – The Art Market Report: Annual research report referenced in the discussion of market dynamics and collecting trends.Art Basel Paris: Art Basel's Paris edition, held at the Grand Palais.Art Basel Qatar: Newly announced Art Basel edition, launching in Doha, Qatar, 5-7 February 2026.About our guest:Noah Horowitz, is CEO of Art Basel. Previously Director of Americas for Art Basel, he has also held leadership roles at Sotheby's and The Armory Show. Trained as an art historian, his work sits at the intersection of the art market, cultural institutions, and urban life. +

In the latest NFL Players: Second Acts podcast, Peanut Tillman and Roman Harper are joined by former Pro Bowl defensive end Adewale Ogunleye. Adewale and Peanut discuss playing together on the Chicago Bears and reminisce on playing in Super Bowl XLI against the Indianapolis Colts. Adewale also explains how he learned to manage his money after getting a big contract and why he moved into wealth management at UBS after he retired. Peanut also shares the story of how he “saved” Adewale’s life. The NFL Players: Second Acts podcast is a production of the NFL in partnership with iHeart Media.See omnystudio.com/listener for privacy information.

In the latest NFL Players: Second Acts podcast, Peanut Tillman and Roman Harper are joined by former Pro Bowl defensive end Adewale Ogunleye. Adewale and Peanut discuss playing together on the Chicago Bears and reminisce on playing in Super Bowl XLI against the Indianapolis Colts. Adewale also explains how he learned to manage his money after getting a big contract and why he moved into wealth management at UBS after he retired. Peanut also shares the story of how he “saved” Adewale’s life. The NFL Players: Second Acts podcast is a production of the NFL in partnership with iHeart Media.See omnystudio.com/listener for privacy information.

Take a seat. For today's overlooked stock, George Tsilis turns to Adient (ADNT), a manufacturer of seating systems for passenger and commercial vehicles. UBS offered a lift for shares after upgrading the stock to buy from neutral due to its "attractive valuation." George takes investors through the company's financials to explain the numbers driving UBS's updated bullish view. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

In the latest NFL Players: Second Acts podcast, Peanut Tillman and Roman Harper are joined by former Pro Bowl defensive end Adewale Ogunleye. Adewale and Peanut discuss playing together on the Chicago Bears and reminisce on playing in Super Bowl XLI against the Indianapolis Colts. Adewale also explains how he learned to manage his money after getting a big contract and why he moved into wealth management at UBS after he retired. Peanut also shares the story of how he “saved” Adewale’s life. The NFL Players: Second Acts podcast is a production of the NFL in partnership with iHeart Media.See omnystudio.com/listener for privacy information.

UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT's Robert Armstrong explains what could come next in US President Donald Trump's crackdown on the Federal Reserve. Mentioned in this podcast:UBS boss Sergio Ermotti plans to step down in April 2027Paramount threatens proxy fight in battle for Warner Bros DiscoveryWhat is behind the criminal investigation into Jay Powell?Former Fed chiefs attack DoJ probe into Jay PowellFT subscription sale Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this episode, 10 Family Office Myths exposed (and debunked). https://youtu.be/j1cgcZZcRBM Welcome back and Happy New Year on the Wealth Actually podcast. I’m Frazer Rice. We have a fun show today where we talk about 10 myths in the family office space. Mark Tepsich, who runs the family office governance practice at UBS is here as we dish into the ideas and concepts that are misunderstood in the family office world. Summary This conversation delves into the complexities and myths surrounding family offices, exploring their structure, governance, and the unique challenges they face in wealth management. The discussion highlights the importance of understanding the specific needs of families and the role of family offices in managing complexity and preserving wealth across generations. It also addresses common misconceptions about family offices, including their necessity, governance, and their relationship with institutional investors. Takeaways Family offices are established to manage complexity in wealth.Not all family offices are the same; each has unique needs.Governance frameworks are essential for effective family office management.Many family offices outsource functions rather than internalizing them.The myth that 85-90% of family offices shouldn’t exist is false.Shirt sleeves to shirt sleeves is a debated concept in wealth preservation.Family offices need to adapt to the evolving needs of families.Investment functions in family offices are often secondary to administrative roles.Family offices are driven by complexity rather than just size.The future of family offices may involve more direct investment opportunities. Chapters: Family Office Confidential 00:00 Understanding Family Offices: Myths and Realities02:02 The Complexity of Family Office Structures04:37 Debunking Common Myths About Family Offices06:17 The Role of Outsourcing in Family Offices07:54 Generational Wealth: The Shirt Sleeves Myth10:51 Flexibility vs. Permanence in Family Offices12:48 Governance and Decision-Making in Family Offices15:49 Investment Functions in Family Offices18:05 Size vs. Complexity in Family Offices20:09 Family Offices vs. Institutional Capital21:19 The Aspirational Nature of Family Offices23:30 The Relationship Between Family Offices and Institutions25:36 Technology in Family Offices: Current Trends29:03 Family Offices and Private Equity: A Comparative Analysis Myths 85-95% of FO’s should not exist vs. “there is no such thing as a family office’ Family office internalize everything A Family Office Anchored by an operating business is the same that is one funded solely by liquidity event Shirtsleeves to Shirtsleeves is myth Family offices are designed to be permanent’ Family Offices don’t need high end (almost SOX) like governance Family Offices are driven by net worth (no, by complexity) Family Offices are built on a robust investment function (no, it”s complexity management- often rooted in bookkeeping and accounting) Family Offices are like institutional Capital (no, many more motivations than pure returns- including whimsy and the knee-jerk ability to override the IPS) Family Offices are the right result for a career (they could be, but it is extremely unlikely- a lot of things have to be “just right” and there is little to know patience for development Family Offices make great wealth clients (very much depends on the function and the product- they can be difficult consumers) Family office tech is best – in – breed (No and it probably never will be) Family offices shun Large institutions (Surprisingly, no- needed for deals, expertise, and most importnatly financing and introductions) Keywords family offices, wealth management, governance, investment strategies, family dynamics, myths, financial planning, family wealth, complexity management, family governance Transcript: Family Office Myths Busted Frazer Rice (00:04.462): Welcome board, Mark. Mark Tepsich: Hey, Frazer, good to see you again. Appreciate the opportunity. Frazer Rice: Likewise. So let’s get started first. We’re going to go into some of the myths around family offices. But you really participate in kind of an interesting subset of that in terms of helping families design and govern them. What exactly does that mean on a day-to-day basis for you? Mark Tepsich: Yeah, good question. So, you know, it means a couple of things, right? So if you think about a family office, you have families that are at the inception point, right? Where things are getting too complex for them. They need to set up some sort of infrastructure. And it’s really like, what is a family office? What can it do for me? What are the pros, cons, and trade-offs? Where do I start? What’s the infrastructure, the systems? Who do I hire? How do I structure a compensation? So you’ve got families maybe coming at it. From post liquidity event, maybe coming at it from, we need to lift up, lift out this embedded family office out of the business to, hey, we’re an existing family office. We’ve got, you know, we’re evolving, right? The family’s growing, their enterprise is changing, the world around us is changing. People are leaving the family office, the next gen’s getting incorporated into the family office in some way. We’ve got some questions that could be, how do we engage the next generation through the family office? Mark Tepsich (01:21.614): How do we make decisions, communicate around our shared assets and resources, which could be a portfolio, maybe even a business, or hey, how do we come together and hire? What is this profile of this person look like? Who should we hire and not hire? What’s the structure of their compensation, carry co-investment, leverage co-investment? What’s the tech stack look like across accounting, consulting, reporting? Now, how do we insource and outsource? So it’s sort of. I like to call it organizational capabilities. So, you know, sometimes it’s soup to nuts, like starting from zero, other times it’s, we’ve been around for a long time, but we have a couple of questions. So that’s kind of my day to day. And, you know, I’ve been living this really since 2008 pre-global financial crisis. Frazer Rice So we’re going to go into, I think, some of the craziness of the family office ecosystem where we have people who wear many hats, people who wear masks, some people who are jokers and other people who are really good technicians and provide a lot of great insight. One of the things you were talking about is that the different types of mandate can be different. And I think maybe one of the first myths we should tackle is the The bromide that if you’ve seen one family office, you’ve seen one family office, which is thrown around at every family office conference and everybody chuckles for a minute and then it sort of washes away and no one cares anymore. What do you think about that statement? Mark Tespich (03:19.006): So I don’t necessarily think it’s true. And here’s what I mean. Let’s make an analogy to this, right? A business needs certain core infrastructure to just operate, right? And using accounting back office, you know the inflows, the outflows, you know, if you’re make a decision, these are the steps you have to go through. And so a family office, right? It needs to incorporate that, but it needs to incorporate it with the family and the family enterprise that is existing for that family, right? So, yeah, each family office is different because each family is different, but that’s like saying you’ve seen one business, you’ve seen one business, right? The strategy could be, the culture could be different, but, you still need some core operating infrastructure. And again, there’s accounting infrastructure, and that’s the basics, right? So there’s a curl of truth, but largely I think that it is false. Well, and at the same time, yes, families are different, but in general, families are trying to get to the same place, which is, know, they want to steward the wealth. They want to make sure it benefits the family and the other constituencies. And they want to make sure that it’s preserved over time. And those functions, you know, it’s very infrequent. You’d find the functions not there. And so how you get from A to B may be different, as you said, but there are a lot of universal truths to setting one of these things up. Frazer Rice So one of the other myths that we’ve come across is the idea that 80 to 90 percent of family offices shouldn’t exist. is, people and families set these up for, let’s call it the wrong reasons. Maybe it’s fear of missing out, maybe it’s great cocktail party chatter, maybe it’s an overdiagnosis of their needs. What do you think about that? Mark Tepsich Again, false. know, family offices are largely a function. They largely exist because there’s a market scale here. And what I mean by that is when you look under the hood at a family office, you’ve got basics of an accounting firm. You’ve got basics of an investment slash wealth management firm. You’ve got the basics of a legal slash tax firm. And then you’ve got essentially everything in between. And when you look at professional service firms out there, They can’t provide all of those under one roof, whether compliance or regulatory reasons. But the other reason is because no business model out there can really scale the complexity that each one of these families has. So yeah, you could outforce a lot of this stuff, but at the end of the day, family offices often exist because of a market failure. so, false, 85 to 90 % of family offices should exist. Frazer Rice (05:41.164) One of the other things, I’ve been around enough of these getting set up, is that the family office, if we get into sort of a technical structure, such that you set up a structure so that you’re able to deduct the expenses related to administering the wealth around that, that’s a valid reason to do things in addition to the organizational component. So I agree with you that there’s, to say that they shouldn’t exist is sort of belying the notion that these functions should take place internally. And I think you spoke to that. And I guess that gets to another myth, which is that family offices should internalize all of these functions. You just talked about it a little bit, that that’s not a great business model either. Mark Tepsich No, mean, yeah, so, you know, 85 to 90 % of family members out there, you just use that statistic, outsource a fair amount of things, right? And what that means is let’s just use tax counsel, for instance, right? This is something that these issues exist in every family office, they exist for every individual, but at the end of the day, should you have, you know, a tax counsel in-house in a family office that’s only doing, you know, income tax advisor work? Probably not. For 95 % of family offices because the frequency just isn’t there, right? So, you if you look at general councils alone, right? So they should have a broader mandate than income tax. should have well-transferred estate planning. Every family has those issues, but do they have the frequency to warrant bringing that individual, that professional and the rate, the cost? Probably not. a lot, you know, most family offices outsource a fair amount of whether it’s investment management, manager selection and due diligence. So false. Most fair amount offices do outsource a fair amount. Frazer Rice (07:31.374) One the things, this is one of my favorite controversial topics in the family office ecosystem of vendors that are out there is this notion that shirt sleeves to shirt sleeves is a myth. that the, and for those who don’t know what that means is, know, the first generation has generated the wealth, the second one enjoys it. And then the third one for a variety of reasons is ill-equipped to carry the wealth forward. And then everyone kind of goes back. It transcends culture. It’s lily pad to lily pad. You know, there’s a British version and a Russian version and whatever version. But the advice ecosystem around this is such that there’s a lot of debate about the statistics that have, quote unquote, proven that. And I can listen to that and say, yes, those may be very narrow. But there is a myth out there that shirt sleeves to shirt sleeves is a myth. Maybe you have some comments on that. Mark Tepsich Man, this is a tough one. I will say this will probably be the toughest one. So I think once a family becomes wealthy, right? And you can kind of define that as, the wealth, meaning the financial wealth will last a few generations with really out, with really nobody working, right? Let’s just define it that way. It’ll last a couple of generations if you make some not dumb decisions, we’ll call it. I think such as the financial markets today, right, as long as you’re diversified, you will stay wealthy. Does that mean you are going to have the same amount per capita over time? Maybe not, right? So if you look at it today, is a nuclear family of four, and you look at it 50 years from now, and the family is 30 people, right? I don’t know what the growth rate would have to be on those assets. So I think the family will remain wealthy whether they remain, you know, on a per capita basis, right? That’s a different story. I think what this is missing, however, I think the numbers kind of overshadow what this is getting at. I think when you look at it, when you take a step back, that first generation wealth creator, right? Will the family continue to be builders and entrepreneurs down the road? Frazer Rice (09:50.26) That I think that’s the question. Will they continue to kind of reach their full potential? I think that is that should be the focus. I’m going to punt on this one. I think it’s TBD and it’s there’s no set answer. I think the idea that the returns, To get back to your point is that as you go from generation to generation, the complexity increases, I’d say geometrically. Whereas the assets in many ways are going to be designed to increase linearly. And so at some point it may be 14 generations down the line when you’ve got 300 people that you have to take care of, are those assets gonna be in place to be able to support the level of living that people expected in generation one, two, and three? I think that’s the equation we’re all trying to fight. And so I’d say while Shirt Sleeves to Shirt Sleeves isn’t necessarily a prophecy, it’s definitely something that has to be addressed. So I’m gonna say that the fact that Shirt Sleeves to Shirt Sleeves is a myth, I think that’s the myth. Mark Tepsich So that’s where I draw my line in the sand there. think there’s an equation you constantly have to fight. Okay, so here’s another one. Family offices are designed to be permanent. I happen to think that they start out trying to be permanent, but in actuality, they really have to be more flexible and flex with the needs of the family, even at the first or second generation. Yeah, I would agree. Often they’re established for a good reason, right? That reason is complexity. Whether that complexity continues to exist for the family is a different story, right? You might have a business being sold. The family might just say, “hey, we don’t need to do all these direct investments, these alternate investments. Let’s just keep it simple, keep it passive.” I don’t think they’re designed to be permanent. I think families don’t really think about that too much. They want to exist for probably the existing generation that’s leveraging it and they wanna transition it, to your point, be flexible over time. But I don’t think anyone like a business, right? If you think about a business, the business generally speaking, it’s meant to exist in a perpetuity. That’s why you have a business, right? It’s not a sole proprietorship, but a family office, I think it’s TBD, right? So, you know. I don’t think anyone’s setting up a family that will say this is going to exist a thousand years from now. And I think if they came out and said that, think that it would add question and motivations. Frazer Rice Maybe we may be welcoming the Martians, we may be speaking Mandarin. There’s a thousand things that could happen in between here and then, that’s for sure. Here’s a myth that I think you and I are both going to agree is one, which is that family offices, for the ones that we think are going to try to persist, don’t demand necessarily Sarbanes-Oxley or high-end governance. Mark Tepsich I think as family offices mature, meaning as the family evolves, they do need some sort of decision-making framework. Especially if they’re going to really come together and act like somewhat of an institution. What I mean by that is, under the hood of a family office or under the hood of a family, let’s say there’s 10 family members. Let’s say there’s 20 to 25 trusts within that. You know, you could come together and pull your assets, right? And pull your resources. That’s part of the reason for having a family office. And so you just have a larger pool of capital. When you’re doing that, you do need governance. Okay? But if you’re gonna have, it’s just like, hey, we’re gonna have our separate portfolios. We’re not gonna come together and have pooled investment vehicles. You might not need an investment company, okay? And there might be good reasons to have an investment committee. In fact, many the investment committees I see, they’re not like college endowments where, we got eight people or nine people on here. We need to agree at least have five people to agree to allocate to this manager or change the allocation or change the IPS, depending on where that authority resides. I often see many investment committees for families, hey, we’re just collaborative in nature. We’ll get together. We’re going to have a meeting and talk about different strategies. Different advisors, things we should be doing. But if they’ve always had to agree at the family business level, they might not wanna have that same construct in the family office slash investment portfolio. If they’ve always struggled, know, come into agreement at the family business, now they’re gonna like, hey, we’re gonna recreate this dynamic. don’t have a binding construct. In fact, we ran a report, it’s coming out hopefully in the next couple of weeks. on family enterprise governance and a component obviously is the investment committee. 70 % of the investment committees out there are advisory in nature, meaning they don’t make binding decisions. They take it back to the trustees or whoever the authority is and they say, hey, here’s what we think, right? So individual family investors, whoever that is, co-trustees, it’s a, okay. So I do think governance is important, but it depends on what you mean by that, right? Should there be an IPS in place? I 100 % think that each family investor should have an IPS in place. The biggest mistake I see there is, hey, we’ve got this shared pool of capital. We’ve got 50 trusts. We’ve got one single IPS, right? I think that is a big mistake. don’t think that’s good governance. So it really depends on what you mean, but I think, yes, there should be some decision-making framework that you’re following. Otherwise, what exactly are you? Adhering to it, right? Like, what is your framework? What is your decision making tree? Frazer Rice (15:53.902) On top of that, possible myth. Family offices are built on a robust investment function. I mean, yes, there are some that are like that, right? You know, there’s a big names out there, MSD, Pritzker, so on and so forth. Those are the exceptions rather than the rule. Most family offices, 85 to 90 % are formed to manage the complexity, right? So again, otherwise you’re gonna have all these outsourced providers and that just doesn’t make sense when you’re trying to make a decision, because you need all the different parts to come together. They’re often built as administrative functions first, rather than, we’re gonna go start the next, you know, a private equity firm. that’s false. Frazer Rice The, as I like to say, probably to the boredom of a lot of people who talk to me a lot is that a lot of these really are built on a bookkeeping or an accounting spine. You’ve got to manage the inflows and outflows of everything and keep track of what you have or else you can have a great investment function, but things are going to spill all over the place. Mark Tepsich (17:30.872) I’ll never say, yeah. mean, and that actually goes back to good governance, right? So I always say, it’s not provocative. I’ll say, listen, this is not a provocative answer, but you need to create that first. And most of the people that are considering this rate are business owners. So they’ll intuitively get that. In fact, that function might exist somewhere at the business, but it’s really not organized. And without that function, like, it’s hard to make a decision, right? If you’re going to allocate 20 % of your portfolio, to private equity drawdown vehicles. got cap calls, capital commitments, distributions, like that needs to be budgeted and forecasting, right? So a lot of these families will have, one nuclear family can have three to four homes, 10 bank accounts, 20 entities. It’s not like a single piggy bank that you could take cash out of and move it every which way, right? Those are owned by different vehicles, different trusts, different assets and things like that, so. Frazer Rice Here’s a myth that I espouse which is Family offices and whether you have one or not is driven solely by size whether you have five billion or two hundred million or something like that that if you aren’t a certain size you shouldn’t have one and if you’re Of a certain size you must have one. Mark Tepsich That’s a myth. It’s driven by complexity first. I’ve seen, I’ve spoken to people that are worth two to $3 billion. It’s concentrated in a few stocks, meaning like they were early stage employees, right? They’re still in it. They’re getting a healthy dividend at this point. Guy talked to couple years ago. He had two homes, two cars, probably 95 % of his network was tied up into two separate securities that were probably traded. And he’s like, I don’t think I need a family office. You want to know what one was, what it could do from. And I’m like, listen, if you don’t have the complexity, it probably doesn’t make sense. Okay, if you can make a decision within whatever framework you have, whatever complex you have. Now, the other, you know, there is a cost factor to it, right? It gets easier to start a family office, meaning hire a couple of people, if you’ve got the… asset base for it to make sense on a cost perspective. So most of the time it’s driven by complexity, but cost does become a factor, right? If you’re worth a hundred million dollars, you’re to go hire 10 people. That probably doesn’t make sense. Frazer Rice (19:28.342) Right. Well, on top of that too, if you, and there’s a sort of the difference between a family office driven by a liquidity event and meeting that’s, that’s all you have versus a family office that’s tethered or sorry, a family business that’s tethered to it, that is also generating cash flows to help pay for things that that’s a big part of the decision. Because if you’re hiring people, you know, a CIO minimum, absolute minimum is probably $500,000. They’re going to need people, you know, you’re looking at at least 3 million. just to get the thing up and running before you start figuring out what you actually have to do. And so the concept that the size is going to dictate completely, it underscores sort of that cost component that you described there. Frazer Rice This is an interesting one and I like this concept to talk about. Family offices are like institutional capital as investors. Mark Tepsich Again, myth, there are some, again, there are some that are like institutions. They have the size and the sophistication. Oftentimes you see them, they’re former PE or hedge fund founders, right? That just aren’t doing any more of it. They made their wealth in the financial ecosystem, in the markets. And so they’re very sophisticated. But by and large, I mean, they’re sort of quasi-institutional, right? So I’ve seen multi-billion dollar family offices that Again, they’re more of the administrative hub rather than, we’re gonna be splashing around and playing in the markets and using a lot of leverage and doing a lot of control equity investments. So by and large, it’s the myth. 85 to 90 % are institutional-like. They are there to fill a need and that need is complexity management. Frazer Rice Here’s one on a different angle, which is family offices are the goal for people in the wealth management industry to work for, meaning family offices are a great aspiration for people who work in the industry and that that’s universal. Mark Tepsich (21:34.35) Myth, I think it’s an option. I think it’s interesting. I think it is a growing opportunity for folks that work in, you know, maybe wealth management or investment management or the financial ecosystem. But you didn’t, again, family has been around for a long time, but they’ve really only became, you know, kind of popular post global financial crisis with the rise of PE because of ZERP. You know, I’ll talk to a lot of people that are like in the hedge fund ecosystem looking for a change, right? And I say like, listen, like these opportunities for you are out there, but it depends on the family. It depends on their compensation philosophy as on the culture that you’re going to have to live within. There’s a lot of key man risk. Is it an opportunity? Yes. But again, it is, it is family office by family office. Frazer Rice I tell people too, it’s for people who are used to having lots of clients or lots of institutional support that is going to be a shift. It’s different to have one client. It’s different to have a scenario where the business of a family office, the business model of that particular family office can change on a dime. And if you don’t share the last name of the family you’re working for, you could be in a tough spot. Mark Tepsich Yeah, “we’re gonna build out a sustainability impact portfolio. We’re gonna build out, we’re gonna have a direct investment initiative. We’re gonna allocate whatever, a few hundred million dollars to it.” That person, that professional gets there and then a year or two or three years goes by and the strategy changes because a family member too had to change a heart. And then it becomes, okay, why am I here? Where am I gonna go now? So again, they could be great opportunities. I had a great experience.but it really just depends on the family. Frazer Rice (23:26.894) Here’s one, and you’ve got UBS over your shoulder there, so this is dramatic foreshadowing in some ways, but I think it bears talking about. It’s that family offices shun the large institutions, and that they want it bespoke, they want something peculiar all the time. What do you think about that? Mark Tepsich No, I mean, it goes back to the earlier myth that, you know, basically we’re saying family office should, family office do outsource a lot, right? So again, most family offices are five to eight people, right? I call it family office island, meaning you’re there on the island and you’re like, what is going on outside of the island or off of the island? You know your island really well, right? You know the family, know all the facts inside and out, but they are, I mean, there’s a reason why all these institutions, including UBS, has built out the resources to cater to family offices, right? I’m the perfect example. They brought me on to help our clients build family offices, right? They would not do that if it was gonna cannibalize their business. So they could be great clients and other times it’s like, hey, we’re very insular and we’re gonna keep everything close to the vest. Again, it’s family office to family office. But by and large, they’re great wealth clients. Frazer Rice No, and they also, you know, they need institutions to partner with of size, whether it’s at custody or lending or any number of other functions that are out there. Sometimes, you know, the RIA space is such that, you know, they try to be all things to all people and the appeal of being in, you know, the billionaire space. It takes a lot of people and a lot of effort and frankly a different business model to deal with that and to just sort of wander in and say we’re great and we can do these things. I think that’s a short road for a lot of institutions. Frazer Rice (25:17.602) Again, like we are brutally honest too. And I’ll, and here’s what I mean by that. Well, like we’re rated a lot of things, but I’ll say like, listen, there’s things that we can’t do for you. We can’t be your accounting back office, right? Like we just don’t offer that. We don’t have it. We’ve got a couple firms that would do that. They’re pure plays on it. So they’ve got to be good at it. but you know, use the various institutions for what they’re good for. They’re, know, again, that’s why you’ve got a family office. You can kind of pick or choose and be agnostic as to what you’re using them for. Frazer Rice If we wind down here a couple of last ones: The tech that family offices rely on is going to be best in breed. Mark Tepsich I, listen, I have this power station all the time with family office meeting, like what, what, you know, what tech providers should we be looking at? Listen, family office have grown in, right over the past 10, 15 years that there’s not a question. they’re historically, right. had to use in a family office, had to take basically institutional tools, try to repurpose them for the family office and they just, they’re just kind of clunky, right? The family office is still a cottage industry. If you’re trying to sell the family offices, you’re selling the two firms with five to eight employees, right? So the tools are going to continue to get better. But in my opinion, they’re always going to lag the institutional tools and kind of sophistication. But that’s also because institutional tools are very kind of narrow and deep, whereas the family office tech tools, you’ve got the accelerated reporting, but it needs to link to the accounting. That’s an issue. And so the family of standard day is left with like a bunch of disparate fragmented systems that have a challenge talking to each other. With that said, AI, I’ve been talking to a lot of these sort of mom and pop shops, I’ll call them. They’re firms that are trying to incorporate AI to break down these walls. So it’s not fragmented disparate systems. I use the analogy of it’s like jailbreaking an iPhone. I don’t know where this is gonna be in a couple of years, but I think the tools are going to continue to improve. But again, you’re probably not going to take a family office tech tool and deploy it at institutional scale. So if that answers your question, I guess it’s a measure. Frazer Rice First of all, I think it’s going to take a long time before something, quote unquote, replaces Excel, which is still a powerful tool that is flexible and does what it says it’s going to do. And people use it sometimes at their own peril to be the underpinning of everything. the one thing I would add is that the mom and pop software components, I think, have a lot of great ideas. The total market to sell into that, though, does not necessarily make for a great software business. As you say, to get those tools that are specific and required at the family office level to be profitable, you got to figure out a way to sell that into something bigger. I’m not sure there is anything bigger. Mark Tepsich (28:49.358) Yeah, I mean, you’d be better selling it to, you know, small businesses, right? So, I mean, the tools are going to get better, but there’s been a lot of interest recently in the past couple years. I don’t think, I think most of them are not going to survive. I don’t want to say there’s only going to be a couple winners, but on the Consolidated Reported Front, I really think there’s only going be a couple winners because you need scale. And again, family office, if you’re looking to make a decision, you’re like, well, okay, well, 5,000 users use Adapar and 50 use this other platform. So which one are you gonna choose? You don’t wanna onboard to the one that has 50 and then three years down the road, they’re out of business, or there’s fold or something like that. So with scale comes a little bit of security that at least you know that a lot of other people are using. You could point to that. Frazer Rice Last question. Family offices will rival PE firms in terms of influence in the investing market? 85 to 90 % will not rival PE firms. That’s not what they’re set up for. That’s not the goal of most family offices. Again, it’s complexity management. Will some rival PE firms? Yeah. But again, you… Listen, I’ve seen some family office go out there and raise their party capital. When they do that, they’re not a family office anymore. They might have a component in there, but they’re private equity firms. What you’re getting at is private equity firms are raising a fund every couple of years. Can a family office do that? No, because once they do that, they will be a private equity firm. So PE by and large has an infinite capital source, as long as they are good at what they do, right? So with that said, you know, there’s a lot of entrepreneurs that are are post liquidity events have played in the direct investment space, they really wanna do it. They’re still young, right? They’re billers, operators created. They wanna do it from a different vantage point. They’re coming to a realization: “that w”We need to start a fund.” I really love that story because again, they’re founders and operators. They didn’t come from the financial ecosystem first to do this. So I think they’re putting a different spin on PE. I think it’s great for the PE industry as a whole, by the way. And I think, if you’re a founder or a business owner, you might have an easier time taking an equity investment from somebody like that, who’s known in that specific industry that they made their money in, who’s had to make payroll. And they probably have a different timeline than normal PE that’s looking to flip every three to five years. So I think as an investor, I think that would be an interesting investment opportunity, right? And so it’s like, okay, well, part of my PE allocation, you know, This might look interesting. I hesitate to make, you know, I’m not an investment person, so. Frazer Rice Great stuff. Mark, how do people find you and reach out? Mark Tepsich I’m on LinkedIn. I would attempt to just spell my name with my email address at ubs.com, but it’s very lengthy. You just hit me up on LinkedIn. But, Frasier, I appreciate the time. This was great. Frazer Rice I’ll have that in the show notes and as a final parting, we sort of listen to people say, the family space is getting loud. I’m not sure it is. I think the vendors are more loud than the family offices are. I don’t know what your experience is there. Mark Tepsich 100%, the family members themselves are still quiet. You don’t see them out there on LinkedIn. It is the ecosystem to your point around them that is getting loud, right? It’s LinkedIn. It’s like, you know, every time I’m on there, it’s like somebody’s got something to say about families, which is good. Again, if you think about every boom in history, they attract people, right? You could say the same thing about AI, right? But again, it’s become loud, but that’s the industry. It’s not the family offices themselves. Frazer Rice Great stuff. Thanks, Mark. Mark Tepsich Thank you, Frazer. Appreciate it. FAMILY OFFICE DEFINED MORE ON FAMILY OFFICE DESIGN WITH ED MARSHALL https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

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Giuseppe is a franchising expert who's spent 20+ years helping over 200 individuals achieve business ownership. His experience in sales, marketing, and management at firms like UBS and J.P. Morgan have guided thousands in investments, reaching over $1 billion in sales. Now with FranChoice, Giuseppe helps aspiring entrepreneurs find franchise opportunities that fit their goals and lifestyle. He believes that "Freedom favors the bold,"—helping others take bold steps toward business ownership, financial security, and the freedom they've been dreaming of. During the show we discuss: What inspired a career in franchising and helping others succeed. The key differences between starting a business vs. buying a franchise. How to choose the right franchise for your goals and lifestyle. Typical investment ranges and funding strategies for franchise ownership. How to leverage OPM (Other People's Money) to buy a franchise. Ways to access a franchise consultant for free guidance. Timeline expectations: how long it takes to get a franchise up and running. Flexibility options, including part-time ownership and scaling to multiple units. How to plan for a smooth exit from a franchise. Resources:  https://www.franchoice.com/  https://ggthefranchiseguide.com/