Podcasts about wealth consulting group

In this episode of the Always On podcast, Duncan MacPherson explores the intersection of leadership, scalability, and client impact through a compelling conversation with Jimmy Lee, Founder and CEO of The Wealth Consulting Group, and an advisor who operates at both the strategic and client-facing levels of his firm. Together, they unpack what it takes … Continue reading Scalable by Design: Lessons in Intentional Growth with Jimmy Lee (Ep. 79) →

Asian shares edged up, buoyed by expectations about the US-China trade talks as officials struck a positive tone after the first day of negotiations. While no significant breakthroughs were announced after the first day of talks and stocks pared some of their earlier gains, US officials sounded optimistic about the negotiations. With a key inflation read on tap Wednesday - and the Federal Reserve is entering a blackout period before its June 18 interest-rate decision - money managers are wrestling with what could propel the S&P 500 back to a record after the index soared 20% from its April lows. For a look at how the talks are impacting market action, we hear from Jim Worden, Chief Investment Strategist at the Wealth Consulting Group. Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said. US Commerce Secretary Howard Lutnick said discussions between Washington and Beijing were "fruitful" and Treasury Secretary Scott Bessent cited a "good meeting." Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said. For a closer look, we hear from Bloomberg's Jennifer Dlouhy in Washington and Stephen Engle in Hong Kong. They speak with Bloomberg's Shery Ahn and Haidi Stroud-Watts.See omnystudio.com/listener for privacy information.

Episode 095: This week, Kyle Van Pelt talks with Jimmy Lee. Jimmy is the Founder and CEO of The Wealth Consulting Group. A longtime Las Vegas resident and industry veteran, he champions a holistic, client-first approach to wealth management, blending financial planning, investment strategy, and innovative technology to serve as a personal CFO for his clients. Jimmy shares his early experiences in the brokerage industry and how his perspective shifted towards a more holistic, client-centric approach. He also discusses what it means to serve clients as their personal CFO and how his firm approaches advisor support, succession planning, and scalability. In this episode: (00:00) - Intro (01:57) - Jimmy's money moment (05:35) - How Jimmy became part of Las Vegas' transformation (09:43) - Fee compression vs. service expansion (14:24) - Acting as a client's CFO vs a traditional family office (18:14) - How to scale high-touch, comprehensive financial services (22:13) - Staying ahead of technology shifts in the advisory industry (24:53) - How The Wealth Consulting Group stays competitive and future-ready (28:49) - Building a platform that empowers and supports independent advisors (34:43) - Jimmy's transition from advisor to CEO—and the lessons learned (38:59) - The biggest trends reshaping the future of financial services (49:29) - Jimmy's Milemarker Minute Key Takeaways Clients want more than investment advice—they want guidance on taxes, estate planning, health, and lifestyle. Succession planning is human planning: a well-thought-out succession plan is not just about the business, it's about people. Independent advisors may crave autonomy, but they still need back-office support, tech integration, and compliance infrastructure. The right platform can offer both freedom and scale. Portfolio management alone isn't enough. Comprehensive services, like tax, trust, and succession planning, are becoming table stakes for high-net-worth clients. Quotes "The personal CFO concept, to me, is proactively helping clients accomplish their financial goals. And a lot of times, it's not about the portfolio." ~ Jimmy Lee "The best financial advisors get a lot of knowledge about the individual or family situation. Working with advisors sometimes means finding out things about their personal lives sooner than other very close family members do." ~ Jimmy Lee "Our goal is for our clients to call us about any issue regarding their money or financial situation, whether it's something that we could directly handle or not." ~ Jimmy Lee "Five or 10 years from now, it's going to be table stakes to be able to provide a more holistic approach and at least be able to offer that. And if you can't do that in-house, you better be really good as an advisor, having those referral relationships tied up so that you can still offer the service and make it seem like a seamless experience." ~ Jimmy Lee Links  Jimmy Lee on LinkedIn The Wealth Consulting Group Merrill Lynch MassMutual Zappos Michael Kitces Wealth.com LPL Financial  Charles Schwab McKinsey Simple Wealth, Inevitable Wealth Serious Money The Excellent Investment Advisor Connect with our hosts Milemarker.co Kyle on LinkedIn Jud on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify YouTube Produce game-changing content with Turncast Turncast helps your company grow by producing top-quality content and fostering transformative conversations. We specialize in content generation, podcasting, digital strategy, and audience growth for fintech and financial services companies. Learn more at Turncast.com.

Talley Leger, chief market strategist at The Wealth Consulting Group, says the stock market over-reacted to the downside over tariff announcements and that investor sentiment was so sour that it flashed big buying signals to him. Now that there has been some easing of tariff tensions with the United States and China announcing a deal on Monday, Leger says he thinks the market can push through the trouble, sustain a 2 percent growth rate and work through volatility to end the year with the Standard & Poor's 500 in the 6,500 range, about 15 percent up from where it started the day. David Trainer, founder and president at New Constructs, puts FreshPet back in the Danger Zone, noting that the stock has a franchise that might attract potential buyers, but it has a business that can't see a clear path to profitability as it exists now. David Brady, president, Brady Investment Counsel talks stocks in the Money Life Market Call. 

Talley Leger, chief market strategist at The Wealth Consulting Group, likes small-cap stocks, financials and consumer discretionary and industrial companies, saying he expects a lot of the recent winners to slow as part of a shift in leadership that could lead to a market that slows or creates attractive buying opportunities with intermediate-term losses. Todd Rosenbluth, head of research at VettaFi, returns to the Standard & Poor's 500 for the second week in a row, but this time picks an all-time classic that has been having record inflows as his "ETF of the Week." And in the Market Call, Christopher Zook, president of CAZ Investments, talks about looking for long-term themes, but buying them at reasonable prices, and discusses how that has him handling a hot space like artificial intelligence.

It's a busy day of earnings, with Alphabet, Tesla, and UPS all reporting today. NorthStar Asset Management's Nimrit Kang, GraniteShares' Will Rhind, and Bank of America's Ken Hoexter tee up the numbers to watch. Plus, the S&P 500 is coming off its best day in more than a month as tech stocks rebound from last week's sell-off. The Wealth Consulting Group's Jimmy Lee and Truist's Keith Lerner explain. And, what is the manufacturing sector signaling about the overall economy? Snap-on CEO Nick Pinchuk weighs in.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Senior Global Banks Analyst Alison Williams discusses Bank of America reporting elevated expenses and charge-offs for soured loans that were higher than analysts expected, failing to satisfy investors with a gain in its trading business. Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital, shares her thoughts on bank earnings. Bloomberg Businessweek Global Economics Editor Cristina Lindblad provides the details of the Businessweek story A Resilient Global Economy Masks Growing Debt and Inequality. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Senior Global Banks Analyst Alison Williams discusses Bank of America reporting elevated expenses and charge-offs for soured loans that were higher than analysts expected, failing to satisfy investors with a gain in its trading business. Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital, shares her thoughts on bank earnings. Bloomberg Businessweek Global Economics Editor Cristina Lindblad provides the details of the Businessweek story A Resilient Global Economy Masks Growing Debt and Inequality. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

 Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News US Deals Editor Matthew Monks and Bloomberg Intelligence Consumer Finance Analyst Ben Elliott break down Capital One buying Discover in a $35 billion all-stock deal to create the largest US credit-card company by loan volume. Bloomberg News Health Reporter Madison Muller explains how WW International tapped social media influencers to talk about how Ozempic has changed their lives despite them not using the product. Blink CEO Brendan Jones shares his thoughts on the global EV charging market. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

 Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News US Deals Editor Matthew Monks and Bloomberg Intelligence Consumer Finance Analyst Ben Elliott break down Capital One buying Discover in a $35 billion all-stock deal to create the largest US credit-card company by loan volume. Bloomberg News Health Reporter Madison Muller explains how WW International tapped social media influencers to talk about how Ozempic has changed their lives despite them not using the product. Blink CEO Brendan Jones shares his thoughts on the global EV charging market. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Peter Jackson, CEO of Flutter discusses the burgeoning business of sports betting and their plans for an IPO next year. Mark Dixon, CEO and Founder of IWG talks about the growth of the hybrid work model. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Managing Editor Mark Milian discuss Anduril's tiny, reusable fighter jet. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.  See omnystudio.com/listener for privacy information.

Peter Jackson, CEO of Flutter discusses the burgeoning business of sports betting. Mark Dixon, CEO and Founder of IWG talks about the growth of the hybrid work model. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Managing Editor Mark Milian discuss Anduril's tiny, reusable fighter jet. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.  See omnystudio.com/listener for privacy information.

Bloomberg Economics US Economist Stuart Paul and Steven Skancke, Chief Economic Advisor at Keel Point, discuss the Federal Reserve meeting and provide a preview of Wednesday's rate decision. Bloomberg Technology Co-Host Ed Ludlow breaks down Advanced Micro Devices reporting a lackluster revenue forecast and looks at the latest EV news. Martina Larkin, CEO of Project Liberty, talks about efforts to return ownership and control of personal data to individuals. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Media and Entertainment Reporter Samantha Stewart share the details of Samantha's Businessweek Magazine story Hollywood Has Perfected the Lucrative Business of Horror Movies. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Bloomberg Economics US Economist Stuart Paul and Steven Skancke, Chief Economic Advisor at Keel Point, discuss the Federal Reserve meeting and provide a preview of Wednesday's rate decision. Bloomberg Technology Co-Host Ed Ludlow breaks down AMD reporting a lackluster revenue forecast and looks at the latest EV news. Martina Larkin, CEO of Project Liberty, talks about efforts to return ownership and control of personal data to individuals. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Media and Entertainment Reporter Samantha Stewart share the details of Samantha's Businessweek Magazine story Hollywood Has Perfected the Lucrative Business of Horror Movies. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan.      FULL TRANSCRIPT:     This is Bloomberg Business Wait inside from the reporters and editors who bring you America's most trusted business magazine, plus global business, finance and tech news. The Bloomberg Business Week Podcast with Carol Messer and Tim Stenebeck from Bloomberg Radio. We're just under twenty four hours away, Jess from the next FED decision FOMC. We've got some economic news today. We talked about it right, consumer confidence down to a five month low, dropping to a five month low in October, and then you got employment costs unexpectedly accelerating in the third quarter or so. That reminds us we've got a strong, strong labor market. And especially with some thoughts ahead of this FOMC meeting. Back with US is doctor Steve Shanky, chief economist and advisor at Keele Point and former staff member of the US Treasury while White House National Security Council. And then of course Steve is on zoom in Mexico, also with US as Bloomberg Economics owned US economist Stewart here of course in the Bloomberg Interactive Brokers studio, and so Stewart I wanted to kick off with today's data, so we did get a lot of indications here what wage growth does look like in the economic snaphot obviously of the economy. When you are thinking about FED share Jerome Pale tomorrow, what are your thoughts in what do you think that the Federal Reserve should do? Because we're not going to get those quarterly economic projections or the dot plots tomorrow. So it was a bit of a shocker to see the employment cost index tick up in Q three. It departs from what we've been seeing with the Atlanta Fed wage tracker, departs from what we've been seeing in the non farm payrolls report, where we've had modest wage growth that's actually been relatively consistent with two percent inflation, with the Fed's two percent inflation target. We don't think that the Fed is going to be in a position to hike tomorrow ninety seven some odd percent odds market applied probability that the Fed's going to maintain its current policy rate when it makes its announcement tomorrow, and we think that that is the right move. Though I wouldn't be so presumptuous as to tell Chairman Powell how to do his job. I would either having said that way, I want to bring Steve into because what I think about A very wise individual said to me that Jay Powell, he's a lawyer, and he looks at the data in front of him, Steve, and that's what's going to determine the decision he's going to make on any given FOMC day. Having said that, so what is the data playbook that Jay Powell and company will be dealing with when they make that decision or just ahead of that decision tomorrow. Well, I absolutely agreet Carola, and the data that he has has in front of him is a little bit overwhelmeding just because it's so broad. I mean, we had this four point nine GDP growth number, but you know, consumer spending was up four percent and a rebuilding of inventories, which is a big variable, was up. So how do they discount that? Maybe he'll say something about that in his comments, as as Stewart said, the employment cost index unexpectedly up, but at the same time, a year over year, private wages and salaries were doubt a bit. Unemployment is not likely to fall, wages are looking to be on a downward trend when we look forward, and I think that the FED can probably see that. So the discussion, even with no rate increase, no change in tone, I think would be very interesting as chair of Powell answers questions about these data that are a little bit inconvenient. But at the same time he has a lot of other things that he can fall back to and point to, well, come back back in stut because I just I do wonder in terms of, you know, what you think will be top of mind or the message that he's going to need to get across in that press conference, or what he might be you know, questioned about the most because I feel like we've well, no, okay, no decision, So we moved to the press conference, right, So moving to the press conference. Here's just a typical strategy that Powell deploys at the press conference. If they were to ever make a hike a hawkish move, he ends up sounding a little bit more dubbish during the press conference if they do something that's a little bit you know, incrementally dookook right exactly, and you just hold on to your CDs. You watch equities move when he's in the middle of the press conference. But when they make something that's a little bit more dubvish, when they hold rates steadied as they will tomorrow. He's gonna most likely sound hawkish. He's going to talk about the persistence of growth, even if he takes Steve's really important points into consideration about thirty percent, about thirty percent of that four point nine percent Q OVERQ growth that we saw on Q three came from inventories. That doesn't exactly scream like organic growth in the US economy. Even if he were to take that into consideration, he's gonna end up saying every meeting is a live meeting. They're only making decisions for today. They're not making decisions for tomorrow. Based in the latest SEP, they're still showing another rate hike this year. So he's going to end up sounding a bit more hawkish at the press conference. Interesting how much does that job booning stew feed into the mistake from transitory that he dropped almost two years ago? You know, I think that it is still something that they think about. They don't want to end up with the egg on their face and perpetuity. They do want to end up showing some sort of dedication to bringing inflation back toward the two percent target. After having made such an important misstep and being so all too confident that inflation would come down naturally, and instead they're actually having to put in a lot of the work. And given the fact that the US hasn't been especially interest sensitive in their spending today and it's taken a lot more hiking than anticipated, I think that any sort of hawkish tone may exactly be part of that just and may be part of that legacy of dealing with that transitory egg on their faces. Hey, Steve, one of the things that I thought was really interesting. We've had a great story in the Bloomberg about corporate credit strength and that to really you know, tame inflation. The FED, you know, they're looking to tighten those financial conditions across the economy, but they really haven't made much of a dent in corporate America yet. So we're talking about you know, we look specifically at the extra yield investors demand for risk in the US investment grade and high yield bond markets, which has remained below their twenty year averages and well under level seen during historical times of stress in the economy, and borrowing remains robust. So would the FED like to see that tighten up a little bit and not be so upbeat that there's more work to be done. They look at things like that, well, they certainly would like to see the market providing less liquidity, and that goes right to the point that you make. But they're also there are also very wary, I believe, notwithstanding wanted to wanting to continue their Hockey's tone of doing anything that is that is going to fuel a further sell off in the bond market. They seem to be happy with where mid and longer term rates are, and so while they might not be particularly happy with with all the liquidity that continues to exist in the corporate market, my belief is that they'll be patient about it. Can I ask you, do you feel like if it's getting close to a neutral rate? Yes, I think that they are. They just just the comments that that some of the Governor's f MC members and Jay Powell made this past last week. They they seem to be getting comfortable with that. I mean, to Stewart's point, they don't want to. They don't want to let up up on their hawky is tone. But but when you sort of parse out some of the things that they've been saying recently, I think the answer to that is yes, Stu. We also have another wild car for tomorrow with the refunding in the treasury market. What are your expectations and what do you think that could mean for yield as far as what that pressure could mean for maybe longer duration and growth stocks in the equity market with growing auctions with higher deficits than had been previously projected, there's reason to believe that even just the term premium that had been getting blown out, that had been raising the entire yield curve that has been front of mind for FED policy makers, could even just get blown out even further. One thing that's super important, though, is that when you see higher long term rates moving as a consequence of a larger term premium, it means the FED has less work than it has to do. It could sort of sit back and relax, not really relax, but at least wait to see the economic consequences of higher long term field continuing to ripple through. So, for example, while the FED had been doing most of the heavy lifting deeply inverting the curve raising front end rates as aggressively as we've seen it point in the past forty years, now with longer term rates catching up as a consequence of a larger term premium, the FED can sort of slow down. And I think that that's that is downstream funk fiscal policy, and that is going to be an important factor tomorrow. Yeah, you do feel like, hey, if I get a little bit of an assist, it wouldn't mind Steve saving the last forty five seconds minute for you here in terms of that the specifics on that refunding, how does you've worked at Treasury, how does that factor into or and you've worked at the government, you've worked at the White House? How does that factor and you think into the Fed's thinking, Well, they had to be aware of it. You know, they've gotten caught up on this a couple of times in the past on their REPO activities, so they're certainly mindful of it. They want to be respectful, and the Treasury Secretary has has indicated a point of view that maybe isn't fully embraced by the market. But I think that the the FED is going to be sensitive and accommodating. Going to be interesting, very interesting. Hey, guys, thank you so much. I feel like there's a lot going on, but we need a little bit of a setup ahead of that FED decision, which you know, twenty four hours from now, less than twenty four it will be front and center for all of us guys. Thank you so much. Blueberg Economics US economist Stuart Paul joining us in our Bloomberg Interactive Broker Studio along with doctor Steve Skankey, chief economic advisor of at kill Point. As we mentioned, former staff member at the US Treasury and the White House National Security Council, joining us on zoom in Mexico, you're listening to the Bloomberg Business Week podcast. Catch us live weekday afternoons from three to six Eastern Listen on Bloomberg dot com, the iHeartRadio app, and the Bloomberg Business App, or watch us live on YouTube. AMD, which is down, continues to be down about four percent in the aftermarket following its earnings. By the way, their chips have been used in the automotive world as well as Tesla's, so we want to talk about AMD, We want to talk about Tesla, and we also want to talk about it another ev maker, carmaker Stilantis. I'm trying to roll it all together and I'm going to toss it over to our Ed Ludlow, who is co host of Bloomberg Technology on Bloomberg TV because I'm going to throw it all at you. But let's start with AMD. I know there's a lot on your plate. This is our weekly look at the world of evs. We call it Bloomberg plugged in. But let's start with AMD, which is down in the aftermarket. What jumps out for you, Ed, Yeah, it's just a mixture of disappointment. Right. If you go to their forecast for the fourth quarter, the revenue range is five point eight to six point four billion dollars. The street wanted to c six six point four billion dollars, so the mid range point is kind of disappointing. But the biggest story here is that they're not seeing the PC recovery that Intel saw. They make GPUs that go into gaming consoles and high end gaming pieces and are warning us that slowing down. And even though they told us that they're super special AI accelerated chips I three hundred are on track to go into production and ship in the final three months of this year, there's kind of no tangible boost from that. Right, It's not going to book a substantive revenue until the beginning of next year, and it will take them time to catch up with Nvidio in the H one hundred. So it's a bit of a mixed bag, which is never really what you want in earnings. But the market's a little disappointed in shares of AMD. We're actually up more than fifty percent heading into this report. How much of this also when you have another stock that may have gotten ahead of itself after last year's sell off and chip names, does this make sense for some investors? Well, this is part of the story. You know. The data center business was a disappointment last quarter. A missed estimates, so they have a data center business that isn't yet reflecting the opportunity of AI. They're the number two PC processor maker behind Intel, and Intel gave us really promising glimpse that maybe that market is recovering and when all told is at the end of twenty twenty three, shipments will look better when we get them. AMD's results don't really reflect that. And as I said, we're excited about the mi I three hundred AI accelerator, but it's some way off still showing up up in the financial results. Yeah, it's pretty fascinating. If you're sitting down with the CEO, what would you ask them or ask yeah, or at least i'd ask yeah, I'd ask what evidence do you have that you can continue at such a click that the mi I three hundred will gain traction in the market that the H one hundred. Did you know, all of the CEOs these chip companies say that we're just at the very beginning of this AI thing. There's going to be demand for all kinds of chips, all kinds of GPUs. Well, if that's the case, give me some data what the next twelve months looks like and how many of these you think you'll sell? And most importantly to who, Yeah, it's interesting to you to go down the revenue line. If you look at our des page right, like, I mean, gaming is important, client, you know, areas important, Data centers are important. I mean you're talking about, you know, over six billion revenue for each of those. So these are areas that they really want to be kind of you know, firing on all cylinders if you will correct and you kind of get this mixed bag. And it's in the history of both AMD and NVIDIA. The GPU graphics processing unit has its origins in video games. Right. It's a chip that can help handle lots of parallel data processes. That makes it great for AI. So in Vidia translated that to the AI use case. MD is seeing it can. We just haven't got any proof that it's done it yet. I wanted to switch gears and ask you, of course about Tesla because the valuation interes seeing how much it's shaved in billions because of some of these demand issues. How does this sort of plan too that when we are talking about ship makers and then obviously what this means for the EB space. Do you guys ever just wake up and think about monetary policy and rates? Yes, well I do. I do. Elon Musk is talking a lot about interest rates and why does the FED use rates as a mechanism to control inflation? Higher rates tampa demand in the economy. That's literally the mechanics of what they're trying to do, and we're seeing that play out now in the car industry. In the EV context, the early adopters have been and gone, they've bought their evs. Now it's the rest of Americans who face all kinds of household spending pressures, and there is evidence that EV's are kind of a victim of that. You know, earlier in the year, Tesla used price cuts to unlock new pockets of demand, and the narrative since October eighteenth is Tesla's shares it down almost twenty percent. They've shed billions of market cap because we're starting to question the demand that's actually there and the severity of the impact of rates. I mean, as it though all across the EV space. I mean, we've had a lot of conversations ed right around this and we thought, you know, we're getting this tipping point in terms of EV adoption, certainly throughout the world, but maybe getting closer to it here in the US. What's happened. Well, the other evidence that we point to is that the legacy auto makers, for example General Motors that are managing transition from combustion engine to EV have also tempered back their EV expectations. A part of that, of course, is the impact of UAW strikes and sort of business continuity and operations, but a part of it is a rethink on demand and you know, rethinking how much or how many evs they're going to have to build and how quickly to meet what is a lessening demand picture. But you have then Stilantis out right and their shares rallied better than expected revenue in the third quarter, and they talked about robust demand for their electric jeep Avenger. So and this is the beautiful story for a global news network like US, because Stillentis has this whole thing on a place called Europe. And in Europe it's a completely different market where smaller form factor vehicles a lower price point to doing really well. Brands that you have not heard of, like Sichuan have you done well in that market? And there are models of jeep that Stilantis make in Europe that we don't even have here in the US yet. And you know, so Slantis is an interesting one because it was late to the EV party, but its strategy is working in that continent and that insulated them somewhat from the North America story, where actually their pricing power on combustion engines was better anyway, and that helped offset some of the UAW disruption. What hurts them when it comes to some of their US counterparts and rivals, what did you say, sorry I lost you in my AUS counterparts and rivals For Stillantis, as far as when it does have the ability to be more unscathed obviously in Europe, but when it comes to the US sort of the dynamic where it has had other issues trying to catch up with maybe some of its rivals. Yeah, it's a really good question because Stilantis, under its different brands in this country, principally Jeep, Chrysler Ramp, does not have a sort of high volume selling EV model. You know, there are two parts to it. You know, if you take the pickup market, there's extreme brand loyalty here, so it's fair to assume that when we get an electric RAM that will resonate with the sort of loyal Ram audience. But in the consumer EV domain it's getting very competitive. You know. You not just have Tesla, but other pure play names like Rivian and Ford and GM moved quicker to bring battery electric pickups and SUVs to a country that loves those bigger form factor cars. Stilantis is late, but they're coming end of this year, beginning of twenty twenty four. How much traction they gain will be really interesting to track. You know, it makes me wonder, you know, coming off of all of these deals with the UAW the big three here in the US. Obviously Stilantis included, of course, in that whether or not they're going to be able to stick to their ev missions. I just wonder about the cost side of things, Ed, So, what Stilantis said is that the UAW strikes cost them about three billion dollars of sales revenue, but on the bottom line, the impact was much more muted, about eight hundred million dollars of impact because they were able to control their own cost discipline. And that's kind of been a feature of the Stilantis story, but it also delays. You know, they canceled their CEES showcase, for example, and part of selling EV's to consumers is getting out there talking them up. So it has had a sort of long term strategic impact. All right, I just want to know when you wake up, do you really talk think about the Fed monetary policy or is it about what Elan had to say? Come on, I really mean it, because it's partly like if you want to buy a house or a car, those are the two most important decisions you make. Look at all the stories matter, right, all the surveys we've been doing here at Bloomberg. It's top of mind for everyone. Everybody's feeling the pinch in it. Ed Lovelow, thank you so much an incredible roundup of a lot of different stories but tying it all together and finding that common thread Ed, of course, is co host of Bloomberg Technology on Bloomberg TV Cast. You're listening to the Bloomberg Business Week podcast. Catch us live weekday afternoons from three to six Eastern on Bloomberg Radio, the Bloomberg Business app, and YouTube. You can a so listen live on Amazon Alexa from our flagship New York station Just Say Alexa, playing Bloomberg eleven thirty on the Bloomberg Today. There's a story about how Google executives downplayed the company's artificial intelligence position during some testimony at a landmark federal anti trust trial, saying the company has tried to be slow and cautious because of the dangerous power of the technology. We just are definitely living in uncharted warders when it comes to generative AI and where it takes our world for better or worse. We're excited about chip companies and what they might make and what they might do. We just talked about AMD, But in terms of society, I think we're all trying to figure it out ultimately about what the impact will be and what the potential ramifications could be for users of this. Well, we have a great guest. Martina Larkin is a CEO Project Liberty. It's an international nonprofit. They talk about working to create a new civic architecture for the digital world. So let's get to it. She is a former member of the World Economic Forms Executive Committee and sits on several nonprofit boards, including one devoted to innovation and technology at the European Commission. She joins us on zoom in London. Martina, welcome, Welcome to Bloomberg Business Week and our Bloomberg community. For those who are listening and watching right now, tell us a little bit more about your group and the mission that you are on. Hi, great to be here, Thank you for having me. Yes, as you said, we're building a saye for healthier Internet, and you really believe that this should be designed and governed for the common good, for society and not just for profit. I think you know in that even in that recent lawsuit, that we've seen these tech companies really having more of a motive around profit rather than the benefit of society. So we believe it's very important to refocus basically on the individuals and on society and look at what we can do better when it comes to social media, but now also AI obviously, and we've seen all the the problems that it has created, whether it's the mental health crisis or political polarization, the decline in trust in media and in our institution. So we want to take steps and build solutions that solve for that and create a better Internet, which is possible. And to be fair, there's a bunch of lawsuits going on. I think the loss that you mentioned is the one by California, the State of California and more than thirty state attorney generals against meta platforms right for allegedly enticing children onto Instagram and Facebook with addictive features. So that's going on. I'm assuming that's the case you were talking about. Correct, Yes, how exactly are you building this? So there's a number of factors here that we were considering. One is the technology itself, right, We want to build, say for a healthier technology, more responsible technology, and we have developed the decentralized protocol that allows us to retain control of our data and change the nature of both the Internet and social media by changing the business model, which lies at the bottom of all of that. And you know the fact that those big companies own our data and use it against us and particularly those who are vulnerable children and others, lies very much at the heart of that. But it goes beyond that. So the technology is obviously one aspect, but we also need regulation to solve for this, contributing to some of the safeguards and you know, guard rails around this, and of course the research and the governance is equally important. And then we strongly believe that we need to get people and organizations involved. So we have built a Global Alliance for Responsible Tech with organizations from around the world who want to contribute to this this mission as well. There's a lot out there, as you well know. You know the ad model, right, the acquisition of a lot of personal information, that dossi that have been built on each and every one of us. That's pretty powerful and it's very profitable for these companies. There's also regulating information and misinformation. But then we get into you know, are we kind of limiting kind of the right to speech. So if you had to pick one target that you would love to change, what would it be and how do we do it? Well, I think we have a real obligation to protect children first and foremost, and I think we need to put forward stronger legal protections for children online. I think that's just just the basics. And then I was in you know, Americans, you know, agree with that. The polls show that seventy percent of Americans and about ninety one percent of parents want that as well, and they want stronger protections of their children online. But we also need to require more transparency and we need to transform the industry with a new set of expectations around what is happening with the data, what kind of you know, models lie behind this, what are the business models behind it, what is happening to the data? And this has become even more apparent with AI that we don't these organizations don't even know where the data is coming from, what is happening to it, And so that those two factors I think are really important. But also of course building this new tech ecosystem, building these new technologies that actually you know, give us new hope and sort of a way forward where we just don't even have to look at the regulation, but we can just use the new technologies that enable that kind of environment to become a reality. What's the timetable on those types of new technologies when you do have things like AI constantly changing. Yeah, so on social media, we have this decentralized protocol right now live. So we have MiWi, which is a social media platform in the US that is using that decentralized protocol right now. So it's here and now we just need to accelerate it and get more people on it and more people demanding it, and that's the first step, and then this will help transform where we were going. Martina, what do you think is the biggest obstacle? I feel like we are looking over towards the European area in terms of a bigger fight when it comes to privacy issues, and I feel like those in the US are kind of watching what's going on overseas. What is the obstacle to getting it done? Is it lobbying, certainly in the US, is it lobbying in money, or what is it that you think prevents like age verification when it comes to something that would probably make it a lot safer for kids, or at least we could kind of police it a little bit more. Just got about forty seconds left, So one point certainly is to that people don't know that there's options, right from a tech perspective, they don't even know that have different doesn't have to be like that, right, the tech can be designed differently. And the second one is individuals and organizations need to demand greater transparency and you know, push forward regulation like KOSA for example in the US, that can be something that just is a first step towards building this much healthier ecosystem that we're talking about. And I'm sorry, what was that KOSA? I'm not oh, children's aline? Yeah, what does that stand? Fork? Yes, the Children's like put Privacy Bill basically, which is introduced, which is what was introduced this year in the US. All right, so appreciate it. I feel like this is a longer conversation and hopefully we can catch up with you again and curious too as you see maybe some progress to check back in with us. Martina Larkin. She's chief executive officer of Project Liberty, joining us on zoom from London. If you missed any of it, be sure to check out our podcast feed a little bit later on you're listening to the Bloomberg Business Week podcast. Catch us live weekday afternoons from three to six Eastern Listen on Bloomberg dot com, the iHeartRadio app and the Bloomberg Business App, or watch us live on YouTube. Happy Halloween, everyone, tis the season for spooky movies. And did you know that of the top twenty most profitable films based on return of investments ROI since nineteen nineteen seventy seven, excuse me, nine are actually horror movies according to movie data analytics firms the numbers. Looking into this lucrative business of horror movies and how Hollywood just seems to just get it so right. Is Bloomberg News Media and entertainment reporter Samantha Stewart Sam joining us along with the editor of Bloomberg Business Week, jol Weber, both here in our Bloomberg Interactive Broker Studio. Sam story already online at Bloomberg dot com, Slash business Week, and of course on the Bloomberg Oh my God, ROI big time pretty good? Right. I feel like we did this story just so I could ask this question, this question, which is set up. Do you like scary movies like oh Man, who doesn't like to get the heart movement? Scream dates me? But okay, I have a soft spot for Yeah, yeah, I have a soft spot for these scary movies. I think many of us like to be scared them. Yeah, but you know I get scared as an eight year old. You can hear like the key change, and he's just like I'm out here. Definitely, he's definitely not watching any of the movies that we're writing about here. What fascinating me about this and and why we tap Samantha for it? This is a money making formula and Hollywood has found it and almost perfected it. And it's like, the thing I like about it is like how little money can you spend to have a nice row? I And some of these movies have become franchises and they just have become this ongoing little geyser of money. And it's like, if you want the shortcut to like how to make it in Hollywood, I think you're looking at it. It's a scary movies. Samantha help us out here. When you started, what did you learn along the way? I mean it was really interesting just to see how profitable these scary movies are. I mean, looking at Paranormal Activity especially, its initial budget was only fifteen thousand dollars and then fifteen thousand dollars. It's crazy yeah, crazy, yeah, only fifteen thousand, and then went on to gross over one hundred and ninety four million worldwide. So that's a really big bang for your buck, I would say, a really big bang. That's all things. Like I said, how little money can you spend in order to like and that's just the first movie? How many did they make? It was like, you know, there's more than there's more than two sequels, sus So why are they so cheap and fast to make? I mean a lot of the time they don't have to spend as much money on a class type of artists, I mean in actors, because they're a lot cheaper to kind of pay for these lower budget actors. And then you can also, really sorry, spend less on sets and like CGI and all that kind of stuff. You don't require the same kind of things that maybe a Marvel film needs to be made. Can do a lot of this on a lower budget. I mean even paranormal activity the first time filmmaker or in Pelly made it in his house. Actually, that's what's crazy, right, We've all gotten so spil Like did you go back and watch the first Star Wars and you're like no special effects there. We've all gotten so used to like we want to be entertained with all these special effects. That's not what they do. They just scare the heck out of us. Yeah. Well, is it true though, that you know special effects can be gory? They can do things that you know fills in your imagination. For fifteen thousand dollars, your imagination will terrify you. And I think that is also part of the formula here too, is like, don't spend the money. I'm doing all the CGI stuff. Just let your brain fill in the gaps and your brain's going to do the work. So who in Hollywood does this better than anybody? I think Bluemouse has really kind of perfected that recipe. I mean they've went on to grows already five point seven billion for all the films that they've produced. And I mean look at Five Nights at Freddy's, which had just an absolutely stellar debut with eighty million dollars. I actually have not yet, which is crazy. I will say, the art and the story for it makes me a little terrified. No, the animatronics are definitely scary. Especially well that was the thing is like animatronics have always terrified me, but nobody made a movie on it. Now I'm definitely am scared. And they're the production company for Paranormal Activity. Yes, Paranormal Activity was kind of their breakout film, which really helped them kind of perfect and refine that low budget model that generates this huge ROI we'll talk to us about Jason Blum. Oh, well, Jason Blum. I mean I'm kind of obsessed with He just did like a shark tank that did the Halloween version, and he came on and you know, pointed out like how well he has done and how in terms of top grossing movies, like he just has a ton, like one after another. No, I mean, I really think it's kind of honing into that whole lower budget idea and again kind of doing away with a lot of the things that these bigger budget films that Hollywood are known for often find to be kind of integral. And it's taking these kind of more original ideas and just going off of those and being able to make these movies that have these huge but huge payoffs. Okay, so we've talked about the really cheap ones, we've chot, we've talked about the most noteworthy director Jason Blum. We haven't talked about the Conjuring. M h. That's the biggest franchise actually, which was made by Atomic Monster, which was founded by James Wand so he created the whole Conjuring franchise. And I mean by now there's about eight films and it's grossed over two billion at the box office, which is insane. So what was amazing about that? Again, it started with like a modest beginning and then you start ratching up the money. But like they did that first one in like thirty eight days, so like I mean like and that college campus. Yeah, and like Blair Witch, same thing like that. That was the one for me, like where I was like, it just showed how you can nail this genre and do it so well and just scare the Jesus out of people, right, and everybody was talking about it, and that was like if Jasby again slightly slightly pre internetbody, can you tell? Okay? So which one surprised you that didn't kind of like rise above? Yeah, like that didn't break through like when you I mean part of the metrics that we're looking at here are ones that were like, you know, box office success, Midsomar didn't probably not a huge money maker, but like also a great example of this genre. So like if you don't have the money, if you don't, like there's still this cult thing that can happen, right, And like The Witch was another one that was really good in this regard where it had like really high kind of like film allura, I guess, right, So like what are the dynamics that you know, not that don't always just need money to succeed, right? I mean I think that what's really interesting about these films is that they're able to generate this and huge roi even though they don't always get the best reviews from critics. I mean a lot of these films aren't that well received. A lot of these films aren't that well received. And I mean one researcher found that actually the horror genre has the lowest correlation between box office performance and its critical reception, which I thought was really interesting. I mean, you look at the ratings for some of the highest grossing films this year, and they're not that aggressive. Yeah. Yeah, I also thought was interesting and I kind of felt this, Okay, I'm going in a completely you know, different direction. Don't judge me, but Barbie, like I felt like for the first time, like I was back in the theater and it was kind of a group experience. We were all kind of laughing and like kind of you know or whatever together. But this genre in particular, right, it is about a group experience. Yeah, I think that social kind of environment that horror really invites is what really brings people to the theaters to keep seeing these movies. I mean, especially looking at like gen Z and seeing how much more they prefer for the horror genre compared to like the adult population at large. I mean, at least a third of gen Z and Lis horror is one of their favorite genres compared to just twenty two percent of US adults. And I mean even sixty six percent of gen Z has seen a horror movie in theaters in the last twelve months, Yes, in theaters, which I think is a lot actually gone in theaters, and it was compared to much lower margins across the board. I think that's bat that idea of like we don't care what critics have to say, but we want to go do this together. It's like it's that experiential thing that we It's so you know, experiential economy for twelve bucks and you know everybody makes money on it. It's pretty interesting. Well makes me wonder like reading this, and I'm going to go back to the return on investment because I feel like whenever we like look at something, you know that is such a part of the Bloomberg conversation, like it's just off the chart. So why aren't other major, bigger studios or are they chasing some of this? I think? I mean when you look at like a lot of the films that perform very well, I mean you think of the superhero films, Marvel films, Avatar, there's all this money on films on uh what's it called, like CGI and IP and all those kinds of things. So I think that's what really kind of puts them apart, is that these horror films again, like I said, don't have to invest in those same kinds of expensive assets of a film. I just think, right if I was a studio, I'd be like, why wouldn't I chase some of this? I mean, it's really kind of remarkable, and it just what we gotta go personal. I gotta know, what's the movie that you won't watch because you're too scared? Of it. Okay, you're gonna really laugh at me, but this is a really, really old It was called Trilogy of Terror with Karen Black. I was a little kid. My older siblings were watching it, but there was this it was this like doll and it like lost its chain and then all of a sudden, it was like it wasn't a voodoo doll, but it was like I can't remember, but it was like a little little doll. And it started like attacking her with a knife, and it was like she's sitting on the couch and it like starts attacking her ankles, and then like it's thrown in the oven and she like and he inhales the fumes and then she becomes like the crazy woman. It's terrifying. I wouldn't put my feet down, like on my couch forever. Samantha, what's the Halloween movie that you don't want to watch because you're too scared of me? I was traumatized by The Mist when I was a lot younger. My brothers made me watch it when I was like eight years old, and it was just the most terrifying thing ever. Didn't want to go to a grocery store just for the fear of getting locked inside one. So I think that's it for me. Never again. I never liked when a stranger calls. It's terrifying me. There's one that was made in the seventies and then they redid it. I think that where it says like they're in the house, they're in the house. He's actually calling her from me inside that house. It's absolutely terrifying. And I've seen it once and I never wanted to watch it. But it isn't interesting like that concept of like you don't have to spell everything out, like I think about go back to Jaws, right and Steven Spielberg, Like the Shark wasn't working and so all they had was the fin But it was so effective in that you kind of just imagined so much of what was going on. The subtlety of it was really kind of cool. And then there's alien like the monsters. Man, that's good. I mean, those those are all of these are I mean. And that's the thing is, like I think there's this they stick with you, right, and like that's the thing about all of these. It's like I don't really want to watch these again. I don't really want to see the sequel and yet I know other people I can appreciate how good of a business this is because it just keeps churning out new ones. What I was really also fascinating about your story is that, Okay, it's all these kind of I feel like upstarts, people doing it differently. Maybe weren't household names, but now you're getting to know them. But it was a Stephen King movie right that was released in twenty seventeen by Warner Brothers. Grows seven hundred million worldwide, making it the biggest horror money maker ever. So like you go back to the master, So I don't know, I bet the ROI though I bet there wasn't. Well, just think about just how good he has been in this genre. I mean, like look like that's you know Shakespeare. I mean it is that level of goods where it just again and again and again and again and again, and like those were old ones that I think some of them have been remade, like like it was like these are That's what I just don't want to see. By the way, Sam, I'm curious when you were given this mission, did y'all? Is this another like creeping by your desk and like, hey, but I wonder when you like started this like how much do you like? How much? Was you know, kind of surprising to you as you kind of dug deeper and deeper into this, because the numbers are really impressive from you know, folks here who all are really kind of gung ho on everything financials. But what really kind of jumped out for you, I mean, so much about it was really shocking to me because I personally was always a horror fan, but I never really had thought about like the budgets for those kinds of films and how it's not always those A list actors that you're seeing, and I didn't really think about how much cheaper that would make a film. I just thought about how much fun it was to watch with my family or with my friends and to be scared. And I think seeing that kind of verified in all of the research that I've done, it was really interesting, really rewarding. So you're like, Jill, I'm going to the movies. I got research to do, genuine research, right, Yeah. I look like every one of these ones that I've seen, I haven't seen them all, probably won't see them all. I love that, But there's this thing that I think just grabs you about this genre, and when you realize that there is this business story to it that is this dramatic, this ROI side, you just know we're going to be talking about this again for you know, decades, as long as we're making movies. We talked about all investments, right. I think if I'm an investor, I'm like, yeah, I'll give you some money. Here's here's twenty five thousand dollars to go make five movies. You know, really fun, great story, and like I said, we were talking about it throughout the day, so I really resonated with all of us. Sam Stewart's Bloomberg News Media and entertainment reporter check out our story on the Bloomberg and online, and of course the editor of Jill Webbard, who knew lover of horror movies. Happy Halloween everyone, I'm brothering Mark on the journal. How about you let me drive? Oh no, no, no no, no, who's going to drive? Honey? Please? How do the riding gravel? Let's mate, I want to drive. It's a good question time. This is the drive to the Globe dot com for me. I think we'll buy around Young Don on Bluebirg Radio. All Right, everybody just about seventeen and a half minutes left in today's trading session on this Tuesday, October thirty. First, it's just heard from Charlie Equity's just kind of rolling over but little change, a little bit higher on this basically f O mc eve. I'm Carol Master along with Jess Metton in for Tim Stenovik on this Tuesday. It's an interesting market, but it does feel like we're just kind of waiting. It definitely seems to be the case, especially at the end of October, which technically is the most vaultatle month of the year, but the worst one is actually September, followed by Oguy, So hopefully maybe we were getting into a better season. Kid Santa Claus rally, don't even go there. All right, Let's see what Jimmy Lee has to say. He's founder and CEO at the Registered investment advisor Wealth Consulting Group. He's on zoom from c Are you in Georgia today or Vegas? I think he's in Vegas. I'm in I'm at the Highlands in North Carolina. Actually, oh, neither. You know you travel more than we do. I don't know. We just talked about the airlines like domestically having some issues you are flying around. I support the airlines, I know, I know well having said that, would you be a buyer of airlines after that Jet Blue news? It's really tanking in today's session, you know, with oil prices high. I think that that's an area that I would probably be cautious with right now. But overall, you know, earnings so far has been really good across the board. I mean, of the companies that reported last week, I think one hundred and sixty over eighty percent beat earnings, with an average of nine point two percent. That's actually from Bloomberg. We had a research committee this morning call and we were doing some research with Bloomberg, and that's from you guys. And then you know, including this week, we have twice as many upgrades as downgrades. So companies are navigating this high interest rate environment. And of course we saw the GDP number and third quarter was phenomenal, and the consumers are still spending, surprising everybody. All right, full disclosure, because that's how we are at Bloomberg, That's how we roll. What do you mean you were doing some work in research with Bloomberg, Well, we have a Bloomberg terminal as well, and our Investment Committee, our CIO does a lot of work on the terminal with research and so forth. So that was one of the statistics that we were looking at, was just the earnings updates for companies last week in this week so far. Okay, just we like transparency now, but earnings make sense, Jess. We're in the midst of it. We're on the other side of it right in terms of the bulk of numbers. If you're not buying Jet Blue, what stocks are you? Well, we are. Let's talk about fixed income still, so we think that we're at the top of the cycle on rates, and while rates have been very volatile for the last thirty sixty days, we think that leaning into duration, I know a lot of other investors have done that, but leaning into duration now I think is a good safe bet for the next few years. Maybe not short term trade, but for the next few years. How far out would you go far? How far out on the curve would you go? Well, believe it or not. We actually added some zero so that we could add just a teeny bit to get a lot more potential benefit from it. So but I think I think adding duration passed you know, even seven years might make sense for a lot of investors for your long term money. I think it's one of the easiest traits to make long term. On the equity side, I think that the interrat sensitive sectors that have been really been beaten up lately, real estate, tech stocks, I think that have an opportunity to take another run before the end of the year. And so I'm glad that there's still a lot of barish people out there. But I think what could happen is is that you know, the FED probably won't raise rates tomorrow, right according to the futures market in December, probably not as well. A lot of investors think that they're done, and if that becomes a consensus that they're done, I think there could be a lot of money down the road here chasing equity soon. You mentioned real estate, that sector in the S and P five hundred up about two percent today, well outperforming the other industry groups. What is it particularly that you like about real estate? Well, publicly traded real estate stocks have been you know, discounted off of the whole value of real estate in general last year and continuing with this year, and so we think that there's value in publicly traded real estate. I think you should be very active with that investment, and you know, maybe not necessarily overweighted too much. But there are areas that have been really beat up with interest rates going higher. That's one of them. And so I think in historically speaking, when that's happened before the public real estate market catches up, and it could happen very quickly. So I think that investors can have an opportunity there. Like I said, also with technology stocks. But also you know, I think quality is very important today. Jimmy, hang on a second before you move on from real estate. Real estate, you know, location, location, location, also type type type. I mean there's industrial, there's commercial, there's residential, there's logistics plays. There's a lot of ways to play it. So if there's long value in play in real estate, what is that long value play specifically, I I think you can be active and actually not just in public real estate. In public real estate, I would I would say that investors can go into general rates. You know, I know, I'm really scared about the office sector, but the office sector represents a smaller percentage of the general you know, public reed sector out there. But in private real estate, I think there are a lot of vehicles out there that a lot of investors can get money invested into, not just high net worth investors. Nowadays, with products out there with fresh capital, I think savvy real estate investors will have opportunity to buy and get into to takeover projects at a discount relative to where they were a year ago. So I think you have to be very selective and work with people that are experts in that space. But also on the debt side. I know that we've been long in the two talking about private credit, and again with fresh capital, I think with private credit you can get opportunities now that we just haven't seen in a long time. Again, that's a private credits a wide space, and you know, just talk about the different types of options to invest into a different managers be very selective there again, and I would stick with trying to be a little bit more conservative with those loans as much as possible too. I have a question about private credit. I'm glad you brought it up, because that is a one and a half trillion dollar quarter in the market right now. Recent weeks we've seen money come out of stocks, also come out of money market funds. Is that money going to private credit. I think a lot of it is, Jess, And I think that you know, especially now that there are vehicles that retail investors can can invest in two without being locked up as long as they used to have to be for private credit and investments. And so I think there are the perfilation of different types of investment vehicles out there nowadays, and in the private credit space allows a lot of participants to be in that investment rather than just institutional before. And so I think some of that money is leaving money markets and inequities too, because you can get double digit yields and with pretty good protection on the collateral. Hey, Jimmy, twenty five seconds, a new wealthy client comes to you and says, I got a bunch of money to invest. Where do you put it right now? Just quickly, really quickly. It's a very interesting time right now. But I would just go back to if it's long term money, seventy five percent of the time, the stock market's hired twelve months later, So I would say that we probably wouldn't be putting it all to work day one, but certainly a good chunk of it should be invested in a beautifully diversified portfoil and with a lot of quality companies, companies that can do well even if we get into a little bit of a slowdown here at some point. All right, Well, be well, Happy Halloween. Jimmy Lee, of course, founder and CEO at the registered investment advisor Wealth Consulting Group, joining us on this Tuesday. This is the Bloomberg Business Week podcast. Avail little on Apple, Spotify, and anywhere else you get your podcasts. Listen live weekday afternoons from three to six Eastern on Bloomberg dot com, the iHeartRadio app tune In, and the Bloomberg Business App. You can also watch us live every weekday on YouTube and always on the Bloomberg TerminaleSee 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Women, want to learn how to confidently take control of your money? First, we've got a lot of things working against us. We start and stop our careers many times for kids and family members, and we live longer than men on average because of that, we typically spend our money taking care of our male partner and tend to avoid talking about money. It makes sense why, as our guest Jenifer Sapel, a financial advisor and owner of Utor Wealth, said at the beginning of this episode - we're often talked to like infants. But Jen cautions us that context is important. You see, the financial services industry was designed by and for cis white men. So, as women, we've got to start talking about money, educating ourselves about money, and aligning our money with our values. Jen brings it all in this conversation, where she shares the 3 phases of your financial life that you need to know about, why we need to break the model of ranking things from best to worst when it comes to money, and why you need to know that wherever you're starting from is perfectly ok - learning about money is a lifetime practice. And you don't want to miss our conversation about fun financial facts about women - like that banks could legally require a man's signature for a woman to apply for a loan all the way until 1988. That's not that long ago. The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investment Advice offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor. Utor Wealth is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC.  Links Utor Wealth Guide to Finding the Right Financial Advisor Jen on Instagram Timestamps [00:01:56] Empowering women to take control of their money [00:04:44] The predominant narrative in our society about women and money. [00:08:10] Shifting the context of finance. [00:14:13] Exchanging value for financial compensation. [00:16:00] Women-owned banks and financial equality. [00:20:09] The system's bias by design about women and money. [00:24:12] Money as a precious resource. [00:29:31] Financial flexibility and decision-making. [00:33:20] DIY vs Hiring Professionals. [00:36:33] Money and family dynamics. [00:40:36] Women aare better investors. SPONSORS Thanks to Factor for sponsoring the show. Head to www.factormeals.com/etm50 and use code ETM50 to get 50% off. Thanks to NetSuite for sponsoring the show. Download NetSuite's popular KPI Checklist for free at www.netsuite.com/etm.  Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to AirDoctor for sponsoring the show. Head to www.airdoctorpro.com and use promo code ETM and depending on the model, you'll receive UP TO 39% off or UP TO $300 off. How To Connect with Shannah: Join the Everyone's Talkin' Money Newsletter, where you get insider tips, exclusive content, and takeaways from each episode https://tinyurl.com/etmnewsletter  Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/ or TikTok https://www.tiktok.com/@shannahgame  Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq  Leave a 5-star Review here https://ratethispodcast.com/etm  Be a Featured Guest on an episode https://everyonestalkinmoney.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices

David Trainer, CEO of New Constructs, shares his thoughts on Peloton earnings and outlook. Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks Nvidia earnings. Mark Penn, Chairman & CEO of Stagwell, talks about what business leaders should look out for at the first Republican Presidential debate. Bloomberg Businessweek Editor Joel Weber and Barry Ritholtz, Chairman and Chief Investment Officer of Ritholtz Wealth Management, provide the details of Barry's Businessweek Magazine story Dear Jay, Let's Make Better Mistakes Tomorrow. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

David Trainer, CEO of New Constructs, shares his thoughts on Peloton earnings and outlook. Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks Nvidia earnings. Mark Penn, Chairman & CEO of Stagwell, talks about what business leaders should look out for at the first Republican Presidential debate. Bloomberg Businessweek Editor Joel Weber and Barry Ritholtz, Chairman and Chief Investment Officer of Ritholtz Wealth Management, provide the details of Barry's Businessweek Magazine story Dear Jay, Let's Make Better Mistakes Tomorrow. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

Connie's motivational quote for today is by – Carrie Wilkerson, “The longer you're not taking action, the more money you're losing.” What hit me with this quote is that action is good if we take the correct action.  For example, I always see this where business owners do not pay themselves.  As if the scraps of money left over should be enough. So how do we change this mindset of getting what's left over to paying ourselves first so we can thrive inside and outside our businesses?     YouTube: https://youtu.be/6AvJqZ9BA8M   About Jenifer Sapel:   Jen is a recovering over-achiever who overcompensated financially after living with a mother who struggled financially after the divorce. Her drive to succeed, curiosity, and astonishing ability to problem solve, helped propel her success in financial services, winning awards and often being the only woman leader in the room.   She started Utor Wealth after tiring of long-winded meetings and an over-emphasis on products and sales quotas. Utor is Latin for to use, to employ, to enjoy. Jen believes that every dollar we touch and how we send it out into the world shapes our lives and those we aspire to.   **The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investment Advice offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor. Utor Wealth is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC.    How to Get In Touch With Jenifer Sapel:   Email:  jsapel@utorwealth.com Website:  http://www.utorwealth.com/ Free Gift:  https://guide.utorwealth.com/   Stalk me online! LinkTree: https://linktr.ee/conniewhitman Download Free Communication Style Assessment: www.whitmanassoc.com/csa All-Star Community:  https://changingthesalesgame.mykajabi.com/All-Star-Community Enlightenment of Change Facebook group: tinyurl.com/EOCFacebookGroup   Subscribe and listen to the Enlightenment of Change podcast on your favorite podcast streaming service or YouTube.  New episodes post every week - listen to Connie dive into new sales and business topics or problems you may have in your business.  

Mark Smucker, CEO of JM Smucker, shares his thoughts on consumer's concerns about the US economy. Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks down Micron Technology earnings. Anjee Solanki, National Director of US Retail at Colliers, talks about the impact of consumer data on retail real estate. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Mark Smucker, CEO of JM Smucker, shares his thoughts on consumer's concerns about the US economy. Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks down Micron Technology earnings. Anjee Solanki, National Director of US Retail at Colliers, talks about the impact of consumer data on retail real estate. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.Investment Advice offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor. Utor Wealth is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC. ABOUT OUR GUESTS:  Jenifer SapelJen is a recovering over-achiever who overcompensated financially after living with a mother who struggled financially after divorce.  She describes her childhood home as one that pretended tough subjects didn't exist:  rape, death, sex, and of course, money.  Her drive to succeed, curiosity, and astonishing ability to problem solve, helped propel her success in financial services winning awards and often being the only woman leader in the room.  She started Utor Wealth after tiring of long-winded meetings and over-emphasis on products and sales quotas.  Utor is latin for:  to use, to employ, to enjoy.  Jen believes that every dollar we touch and how we send it out into the world is shaping both the world we live in and the one we aspire to.  Every woman deserves to do it intentionally and with confidence, that is exactly how she helps her clients. Carol ParrishCarol serves as a "financial air traffic controller" for women, navigating their finances like an air traffic controller manages airplane traffic. In ever-changing circumstances, she manages the "air traffic" to create a customized flight plan guiding powerful women to their ideal destinations.   After a career in sports marketing, Carol jumped into financial services, another male dominated field, and quickly realized the need for change around women and money.  She is passionate about helping women ditch the negative thoughts, shame and judgment around money (often created by men). Carol's interest in aerospace and engineering began at an early age, growing up with her engineer father who ran a plate glass plant, and her twin brother helps build handheld ultrasounds. Her dreams of becoming an astronaut were put on hold when she discovered her extreme dislike for small spaces.CONNECT WITH JENIFER, CAROL, AND UTOR WEALTH Utor Wealth Website   Jenifer Instagram     Jenifer LinkedIn    Carol Instagram     Carol LinkedInWATCH ON YOUTUBEEPISODE AND EMPOWERING WOMEN IN INDUSTRY LINKS2022 Global Gender Wealth Equity ReportThe Gender Wealth Gap – Why It Matters and What You Can Do to Change ItEmpowering Women in Industry MembershipEmpowering Women in Industry MagazineEmpowering Women in Industry WebsiteEmpowering Women in Industry Book ClubEmpowering Women in Industry Virtual Events

Whether you're trying to expand your knowledge or start learning about how to make better financial decisions, this week's conversation is the way to go! Our guest is wealth advisor Jenifer Sapel, and today, she shares how we can build financial confidence, as well as her 5-step framework to align our financial decisions with our values. Throughout this episode, you will also hear Laura and Jenifer talk about the feelings of shame some people feel when it comes to money and not knowing everything they should about it, why money is a life skill, the best resources to manage your money, and much more. The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investment Advice offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor. Utor Wealth is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC.  Laura's first book – Values First. How Knowing Your Core Beliefs Can Get You the Life and Career You Want – is now available! Grab your copy today! Go to www.thecatchgroup.com to check out the show notes, resources, and links mentioned in this episode! Connect with Laura: -Follow The Catch Group on LinkedIn. -Follow the show on Instagram @thecatchgroup. -Enjoying what you hear? Follow and leave a review HERE.  

The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriately qualified professional prior to making a decision. Investment Advice is offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor. Utor Wealth is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC.

Bloomberg News Economics Reporter Steve Matthews and Claudia Sahm, Founder of Sahm Consulting, share their thoughts on Fed policy, oil's impact on a recession and helping the unbanked. Sarah Bratton Hughes, Head of Sustainable Investing at American Century Investments, discusses the findings of the firm's impact investing survey. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Labor Reporter Josh Eidelson provide the details of Josh's Businessweek Magazine story Undercover Organizers Become Secret Force in Labor Union Wins. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

Bloomberg News Economics Reporter Steve Matthews and Claudia Sahm, Founder of Sahm Consulting, share their thoughts on Fed policy, oil's impact on a recession and helping the unbanked. Sarah Bratton Hughes, Head of Sustainable Investing at American Century Investments, discusses the findings of the firm's impact investing survey. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Labor Reporter Josh Eidelson provide the details of Josh's Businessweek Magazine story Undercover Organizers Become Secret Force in Labor Union Wins. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Katia Dmitrieva discuss how traditional economic indicators can't predict the timing of a US recession, and newer forecasting methods are untested. Mario Cordero, Executive Director at the Port of Long Beach, talks about the significance of ports within the US economy. Next Round Capital Partners Founder Ken Smythe explains how private companies are being creative to avoid a down round of funding. Kevin Carter, Founder of EMQQ, discusses how China's reopening is signaling positive growth and opportunities for investors. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Katia Dmitrieva discuss how traditional economic indicators can't predict the timing of a US recession, and newer forecasting methods are untested. Mario Cordero, Executive Director at the Port of Long Beach, talks about the significance of ports within the US economy. Next Round Capital Partners Founder Ken Smythe explains how private companies are being creative to avoid a down round of funding. Kevin Carter, Founder of EMQQ, discusses how China's reopening is signaling positive growth and opportunities for investors. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Jimmy Lee, CEO of Wealth Consulting Group, discusses the latest on the markets. He spoke with hosts Doug Krizner and Rishaad Salamat on "Bloomberg Daybreak Asia."See omnystudio.com/listener for privacy information.

Ogi Redzic, Chief Digital Officer at Caterpillar, discusses how the company is using digital strategy to help grow its business. Eileen Flick, Director of Health Technical Services at Segal, talks about inflation and how it's affecting health care costs. Bloomberg Businessweek Editor Joel Weber and Businessweek Technology Editor Joshua Brustein, discuss how TikTok is steering its charm offensive around the loudest critics in DC. And we Drive to the Close with the CEO of Wealth Consulting Group, Jimmy Lee.Hosts: Carol Massar and Tim Stenovec Producer: Sara Livezey See omnystudio.com/listener for privacy information.

Ogi Redzic, Chief Digital Officer at Caterpillar, discusses how the company is using digital strategy to help grow its business. Eileen Flick, Director of Health Technical Services at Segal, talks about inflation and how it's affecting health care costs. Bloomberg Businessweek Editor Joel Weber and Businessweek Technology Editor Joshua Brustein, discuss how TikTok is steering its charm offensive around the loudest critics in DC. And we Drive to the Close with the CEO of Wealth Consulting Group, Jimmy Lee.Hosts: Carol Massar and Tim Stenovec Producer: Sara Livezey See omnystudio.com/listener for privacy information.

Saying you were retired used to have a negative connotation because it meant you were no longer able to work, but now, it is something everyone works towards and dreams of.   Why does the meaning of retirement change over time?   In this episode, Jeremy Finger talks with John Diehl, CFP®, CLU®, ChFC®, to discuss how the changing landscape and meaning of retirement can affect you in the future and provides insight about how you can adapt to these changes as they arise.   John discusses:   What he learned about retirement at the MIT age lab Why the meaning of retirement has changed drastically over the past 100 years How your family dynamic could look different than previous generations' The most common myths about retirement and how you can avoid falling victim to them And more   Resources: Retire Happy Podcast: Living A Better Life Through Mindset and Fitness With Maria Angelova (Ep. 7)   Connect with John Diehl: Hartford Funds   Connect with Riverbend Wealth Management:   Riverbend Wealth Management 15 Minute Phone Appointment Linkedin: Jeremy Finger Facebook: Jeremy Finger Riverbend Wealth Management Twitter: Jeremy Finger   About Our Guest:    John Diehl is senior vice president of applied insights for Hartford Funds. He and his team are responsible for engaging and educating financial professionals and their clients about current and emerging opportunities in the financial-services marketplace. These opportunities range from tactical strategies in areas such as retirement-income planning, investment planning, and charitable planning, to anticipating and preparing for long-term demographic and lifestyle changes. John also oversees Hartford Funds' relationship with the Massachusetts Institute of Technology AgeLab. John joined the company in 1988 and was promoted to assistant vice president in 1991 and vice president in 1997. He was named senior vice president in 2007, while he led the Retirement and Wealth Consulting Group, which was responsible for building awareness and knowledge of retirement challenges and the latest planning strategies to address them. In 2012, John was named Senior Vice President, Applied Insights; in this role, he devotes his efforts to serving the needs of financial professionals and their clients. John has been widely quoted in consumer and trade publications such as The Wall Street Journal, Financial Planning, and On Wall Street. He has also appeared as a featured guest on CNBC and Bloomberg Television to discuss his views on retirement-related topics. John attended Moravian College in Bethlehem, Pennsylvania, where he earned a bachelor's degree in economics. He has been a CERTIFIED FINANCIAL PLANNERTM (CFP®) since 1991. In addition, he holds the Chartered Financial Consultant (ChFC®) and Chartered Life Underwriter (CLU®) designations. He is also FINRA Series 6, 7, 63, and 26 registered and holds a life and variable insurance license.

Dan Ahrens, Managing Director and Portfolio Manager at AdvisorShares Investments discusses investing in vice-related ETFs. Doug Schwenk, CEO at Digital Asset Research, talks clean crypto pricing. Peter Fiekowsky, Founder and Chairman Emeritus at Foundation for Climate Restoration talks about his new book "Climate Restoration: The Only Future That Will Sustain the Human Race." And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Tim Stenovec. Producer: Sara LivezeySee omnystudio.com/listener for privacy information.

Dan Ahrens, Managing Director and Portfolio Manager at AdvisorShares Investments discusses investing in vice-related ETFs. Doug Schwenk, CEO at Digital Asset Research, talks clean crypto pricing. Peter Fiekowsky, Founder and Chairman Emeritus at Foundation for Climate Restoration talks about his new book "Climate Restoration: The Only Future That Will Sustain the Human Race." And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.Hosts: Carol Massar and Tim Stenovec. Producer: Sara LivezeySee omnystudio.com/listener for privacy information.

Alan Patricof, Co-Founder of Primetime Partners and Chairman Emeritus & Co-Founder at Greycroft, discusses Thursday's market sell-off, as well as his book "No Red Lights: Reflections on Life, 50 Years in Venture Capital, and Never Driving Alone." Founder and CEO of Farmgirl Flowers, Christina Stembel, discusses the impacts of inflation and supply chain issues on the flower industry. Alan Armstrong, CEO at Williams, breaks down the global energy crunch and how his company is working to bridge the gaps. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan See omnystudio.com/listener for privacy information.

Alan Patricof, Co-Founder of Primetime Partners and Chairman Emeritus & Co-Founder at Greycroft, discusses Thursday's market sell-off, as well as his book "No Red Lights: Reflections on Life, 50 Years in Venture Capital, and Never Driving Alone." Founder and CEO of Farmgirl Flowers, Christina Stembel, discusses the impacts of inflation and supply chain issues on the flower industry. Alan Armstrong, CEO at Williams, breaks down the global energy crunch and how his company is working to bridge the gaps. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan See omnystudio.com/listener for privacy information.

Bloomberg Oil Markets Reporter Julia Fanzeres discusses President Biden's plan to release a million barrels of oil a day from reserves for six months, laying a foundation for the country to achieve independence from foreign energy suppliers. Bloomberg Businessweek Editor Joel Weber and Businessweek Writer Arianne Cohen share the details of Arianne's Businessweek cover story Chris Paul Is Building a Business Empire. Now He Needs a Ring. Dr. Chris Beyrer, Director of the Center for Public Health and Human Rights at the Johns Hopkins Bloomberg School of Public Health, talks about a people potentially getting a fourth Covid booster shot. Bloomberg News Finance Reporter Jenny Surane explains that Amazon is renewing a co-brand credit-card deal with JPMorgan and Visa. And we Drive to the Close with with Jimmy Lee, CEO at The Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Oil Markets Reporter Julia Fanzeres discusses President Biden's plan to release a million barrels of oil a day from reserves for six months, laying a foundation for the country to achieve independence from foreign energy suppliers. Bloomberg Businessweek Editor Joel Weber and Businessweek Writer Arianne Cohen share the details of Arianne's Businessweek cover story Chris Paul Is Building a Business Empire. Now He Needs a Ring. Dr. Chris Beyrer, Director of the Center for Public Health and Human Rights at the Johns Hopkins Bloomberg School of Public Health, talks about a people potentially getting a fourth Covid booster shot. Bloomberg News Finance Reporter Jenny Surane explains that Amazon is renewing a co-brand credit-card deal with JPMorgan and Visa. And we Drive to the Close with with Jimmy Lee, CEO at The Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

Michael Dowling, CEO at Northwell Health, talks about continuing to deliver care throughout Covid. Bloomberg News Finance Reporter Sri Natarajan reports how Morgan Stanley's role in the unraveling Archegos probe has sped up the federal examination of block-trading. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Consumer Reporter Deena Shanker share the details of Deena's Businessweek Magazine story Fake Meat Goes From Main Event to Trying Out for Ingredient Team. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Michael Dowling, CEO at Northwell Health, talks about continuing to deliver care throughout Covid. Bloomberg News Finance Reporter Sri Natarajan reports how Morgan Stanley's role in the unraveling Archegos probe has sped up the federal examination of block-trading. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Consumer Reporter Deena Shanker share the details of Deena's Businessweek Magazine story Fake Meat Goes From Main Event to Trying Out for Ingredient Team. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

On this episode of Investor Connect, Hall welcomes Craig Martin, Founder, and President at The Family Wealth Consulting Group.The Family Wealth Consulting Group is a family-owned and operated fee-only financial planning firm that has been a fiduciary with clients in Silicon Valley, California, for over 35 years. This family-centric team focuses on helping families maximize financial resources for today, as well as for generations to come. FWCG's unique expertise is building portfolios including alternative investments that give clients more money during their retirement years, as well as helping families manage the tax and estate planning issues that are top of mind for many clients who have a net worth. Craig has been coordinating estate and income tax planning with investments and cash flow for high-net-worth clients of Silicon Valley since 1976.  He was an early adopter in 1990 when he converted his firm to fee-only because of his conviction to being a fiduciary so he could remain agnostic to which product or ideas he was advising, only with a dedication to helping clients make informed decisions.  Because Craig is dedicated to continuous education in an evolving financial industry, he is convinced of the importance of building risk-managed portfolios using dissimilar price movement asset classes. He considers alternatives as some of the most efficient risk-management tools, so he offers alternative investments to his clients now using two different funds, where he is now co-investing with clients as an angel investor in start-up businesses. He has extensive experience in performing due diligence on start-up businesses because he has participated in dozens of due diligence teams along with other members of Keiretsu Forum, the largest angel investment group in the world. He teaches due diligence to entrepreneurs and other angel investors in the Keiretsu Academy as well as leading focused academies on this topic for the angel investment community of both angels and entrepreneurs.  Craig earned the Master of Science in Financial Services (MSFS) in 1989 from The American College out of Bryn Mawr, PA, the largest and oldest institution exclusively dedicated to the financial industry. He also has qualified for several undergraduate level designations from that same college, including the Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU), and then earned the mark of Certified Financial Planner (CFP) from the CFP Board of Standards.  He has taught financial planning classes at the University of California at Berkeley.  Craig speaks about the state of angel investing and the biggest change he thinks we will see in the next year or two. He also discusses some of the challenges startups and investors face.  You can visit The Family Wealth Consulting Group at and , and via LinkedIn at .  Craig can be contacted via email at , and via LinkedIn at .   _________________________________________________________________________ For more episodes from Investor Connect, please visit the site at:    Check out our other podcasts here:   For Investors check out:   For Startups check out:   For eGuides check out:   For upcoming Events, check out    For Feedback please contact info@tencapital.group    Please , share, and leave a review. Music courtesy of .

Michael Dowling, CEO at Northwell Health, provides a virus update on the anniversary of First Covid jab administered in U.S. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Federal Reserve Reporter Matt Boesler discuss how inflation concerns are making it difficult for those inside and outside the Fed trying to keep broad-based and inclusive employment at the top of the central bank's agenda for 2022. Steven Skancke, Chief Economic Advisor at Keel Point, shares his thoughts on Wednesday's FOMC rate decision. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Michael Dowling, CEO at Northwell Health, provides a virus update on the anniversary of First Covid jab administered in U.S. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Federal Reserve Reporter Matt Boesler discuss how inflation concerns are making it difficult for those inside and outside the Fed trying to keep broad-based and inclusive employment at the top of the central bank's agenda for 2022. Steven Skancke, Chief Economic Advisor at Keel Point, shares his thoughts on Wednesday's FOMC rate decision. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Intelligence Chief U.S. Interest Rates Strategist Ira Jersey on Fed Chair Jay Powell and Treasury Secretary Janet Yellen Senate Banking Committee Testimony. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, on the impact of the pandemic on nurses. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Correspondent Kyle Stock on Online Used-Car Dealers Thrive in Market Upended by Pandemic. Bloomberg News Consumer Reporter Leslie Patton on the Bloomberg Big Take- Ruined Brazil Harvest Sparks Food Inflation Everywhere. Bloomberg News Finance reporter Hannah Levitt on Wells Fargo Investors on Edge as Bank Resolves Another Probe. And then we Drive to the Close with Jimmy Lee, Founder and CEO at Wealth Consulting Group. Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Intelligence Chief U.S. Interest Rates Strategist Ira Jersey on Fed Chair Jay Powell and Treasury Secretary Janet Yellen Senate Banking Committee Testimony. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, on the impact of the pandemic on nurses. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Correspondent Kyle Stock on Online Used-Car Dealers Thrive in Market Upended by Pandemic. Bloomberg News Consumer Reporter Leslie Patton on the Bloomberg Big Take- Ruined Brazil Harvest Sparks Food Inflation Everywhere. Bloomberg News Finance reporter Hannah Levitt on Wells Fargo Investors on Edge as Bank Resolves Another Probe. And then we Drive to the Close with Jimmy Lee, Founder and CEO at Wealth Consulting Group. Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Shawn Johnson of Treloar & Heisel discusses malpractice, disability, and life insurance needs among other important coverages for the dental professional. Shawn Johnson is the Vice President of Business Development for Treloar & Heisel.   Over the last 20 years he has helped several hundred dentists implement business and personal insurance policies and develop financial planning techniques and investment plans.  He has assisted in installing retirement plans for dental offices, as well as providing personal savings and investment strategies.  A Chartered Financial Consultant, Shawn is a member of National Association of Insurance and Financial Professionals and the Financial Planning Association of the Pittsburgh.  Disclosure:Treloar & Heisel, Treloar & Heisel Wealth Management, and Treloar & Heisel Property and Casualty are all divisions of Treloar & Heisel, Inc.Investment Advice offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor doing business as Treloar & Heisel Wealth Management. Treloar & Heisel Wealth Management is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC.Insurance products offered separately through Treloar & Heisel and Treloar & Heisel Property and Casualty. Treloar & Heisel, Inc., Treloar & Heisel Wealth Management, and WCG Wealth Advisors, LLC do not offer tax or legal advice. Investing involves risk including loss of principal. No strategy assures success or protects against loss. Past performance is no guarantee of future results. The opinions presented are general educational information and not intended as specific advice or recommendations for any individual. TH-210095The Dental Clinical Companion Podcast (DCCP) is provided for general informational purposes only. The DCCP, MounceEndo, LLC, Dr. Joel Fransen, Richmond Endodontics CA, and Dr. Richard Mounce personally have no liability for any clinical, management, or financial decisions or actions taken or made by you based on the information provided in this program. The DCCP is not intended to offer dental, medical, legal, management, investment, surgical, tax, clinical, or any other professional advice. Reliance on the information in the DCCP is done entirely at the listeners own risk.  No guarantees, representations, or warrantees are made with regard to the completeness, accuracy, and/or quality of the DCCP.  The DCCP takes no responsibility for, does not endorse, and does not imply a relationship/affiliation to any websites, products, services, devices, individuals, organizations which are hyperlinked to any DCCP component or mentioned in the DCCP. Third party materials, hyperlinks, and/or DCCP content does not reflect the opinions, standards, and policies of MounceEndo, LLC (owner of the DCCP, Dr. Richard Mounce, the guest, or show sponsors). The DCCP makes no warranty that the Podcast and its server are free of computer viruses or other destructive or contaminating code elements. The Dental Clinical Companion Podcast expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special consequential or other damages arising out of any individuals use of, reference to, reliance on, or inability to use, this podcast or the information presented in this podcast. Support the show (http://mounceendo.com/)

Shawn Johnson of Treloar and Heisel discusses the stages of a dental (professional health) career and the implications of each stage for financial and retirement planning with an emphasis on preparation and risk assessment. Shawn Johnson is the Vice President of Business Development for Treloar & Heisel.   Over the last 20 years he has helped several hundred dentists implement business and personal insurance policies and develop financial planning techniques and investment plans.  He has assisted in installing retirement plans for dental offices, as well as providing personal savings and investment strategies.  A Chartered Financial Consultant, Shawn is a member of National Association of Insurance and Financial Professionals and the Financial Planning Association of the Pittsburgh.  Disclosure:Treloar & Heisel, Treloar & Heisel Wealth Management, and Treloar & Heisel Property and Casualty are all divisions of Treloar & Heisel, Inc.Investment Advice offered through WCG Wealth Advisors, LLC, a Registered Investment Advisor doing business as Treloar & Heisel Wealth Management. Treloar & Heisel Wealth Management is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC.Insurance products offered separately through Treloar & Heisel and Treloar & Heisel Property and Casualty. Treloar & Heisel, Inc., Treloar & Heisel Wealth Management, and WCG Wealth Advisors, LLC do not offer tax or legal advice. Investing involves risk including loss of principal. No strategy assures success or protects against loss. Past performance is no guarantee of future results. The opinions presented are general educational information and not intended as specific advice or recommendations for any individual. TH-210095The Dental Clinical Companion Podcast (DCCP) is provided for general informational purposes only. The DCCP, MounceEndo, LLC, Dr. Joel Fransen, Richmond Endodontics CA, and Dr. Richard Mounce personally have no liability for any clinical, management, or financial decisions or actions taken or made by you based on the information provided in this program. The DCCP is not intended to offer dental, medical, legal, management, investment, surgical, tax, clinical, or any other professional advice. Reliance on the information in the DCCP is done entirely at the listeners own risk.  No guarantees, representations, or warrantees are made with regard to the completeness, accuracy, and/or quality of the DCCP.  The DCCP takes no responsibility for, does not endorse, and does not imply a relationship/affiliation to any websites, products, services, devices, individuals, organizations which are hyperlinked to any DCCP component or mentioned in the DCCP. Third party materials, hyperlinks, and/or DCCP content does not reflect the opinions, standards, and policies of MounceEndo, LLC (owner of the DCCP, Dr. Richard Mounce, the guest, or show sponsors). The DCCP makes no warranty that the Podcast and its server are free of computer viruses or other destructive or contaminating code elements. The Dental Clinical Companion Podcast expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special consequential or other damages arising out of any individuals use of, reference to, reliance on, or inability to use, this podcast or the information presented in this podcast. Support the show (http://mounceendo.com/)

Rob and Paul host Shawn Johnson and Lara Blaine of Treloar & Heisel for a very important discussion on insurance products and issues that should be on all dental practice owners' radar: employer practices liability insurance (EPLI), data breach, and virtual/telemedicine. In our rapidly changing world, there are so many risks and threats that, now more than ever, it's important to be properly insured. This is probably best exemplified in the area of HR and employment issues where there have been, and will continue to be, an uptick of hiring and firing decisions being made that will undoubtedly lead to an increase in claims against employers making EPLI an important tool for business owners. In addition, increasing cyber threats and evolving telemedicine component practices make understanding the nature of these claims important and being properly insured against them something that every practice owner should consider. Shawn Johnson is the Vice President of Business Development for Treloar & Heisel and Lara Blaine is the Manager of the Property and Casualty Division for Treloar & Heisel. Treloar and Heisel provides insurance and wealth management services to dental and medical professionals around the country and for years were known for their work with dental specialists, but over the years have expanded into the general dental world, as well. Listeners who want to learn more about Treloar & Heisel can visit https://www.treloaronline.com or call them at 800-345-6040. Treloar & Heisel, Treloar & Heisel Wealth Management, and Treloar & Heisel Risk Management are all divisions of Treloar & Heisel, Inc. Investment Advice offered through WCG Wealth Advisors, LLC a Registered Investment Advisor doing business as Treloar & Heisel Wealth Management. Treloar & Heisel Wealth Management has provided wealth management and financial planning services since 2016. Treloar & Heisel Wealth Management is a separate entity from The Wealth Consulting Group and WCG Wealth Advisors, LLC. # TH-200107 Listeners who want to reach out to Paul can do so at Paul@DentalNachos.com and those who want to reach out to Rob can do so Rob at Rob@RMontgomery-Law.com.

In Episode 3 of The ESG Update, Business Development Specialist at the Wealth Consulting Group, Brittany Damico, joins the pod to discuss gender lens investing and best practices for communicating with investors about their values. Change Finance, P.B.C. (Change Finance) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. The opinions expressed herein are those of Change Finance, P.B.C. (Change Finance) and are subject to change without notice. The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. An Environmental, Social and Governance (ESG) fund's policy could cause it to perform differently compared to funds that do not have such a policy. The application of social and environmental standards may affect a fund's exposure to certain issuers, industries, sectors, and factors that may impact relative financial performance — positively or negatively — depending on whether such investments are in or out of favor.  Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through WCG Wealth Advisors, a registered investment advisor. WCG Wealth Advisors and The Wealth Consulting Group are separate entities from LPL Financial. WCG Wealth Advisors, The Wealth Consulting Group and LPL Financial are not affiliated with any of the other referenced entities.