Will ESG be allowed in 401(k) plans? Special Guest Mark Schoeff weighs in Episode 7
InvestmentNews senior reporter Mark Schoeff, a veteran Washington insider, takes us behind the scenes of Congress and regulatory rule making to highlight the hurdles facing ESG investments trying to get a piece of the lucrative retirement savings market.
Bruce details the sad regulatory track record of Purshe Kaplan Sterling, where million-dollar-plus settlements are too common.
We explain why The Vanguard Group throws in the towel in a 20-year battle with value investing by folding a $1 billion actively-managed mutual fund into a $77 billion index fund.
Earnings season is here, and the message is becoming clearer that fallout from the coronavirus is changing the way brokers and advisers move between firms.
And this week’s Open Notebook segment explores how a lack of industry conferences and a face-to-face meetings with sources is changing the way we gather the good gossip.
More episodes
Episode 166
March 15, 2024
The alternative investment industry continues to see positive momentum around the trend of including more women in senior roles. Find out what’s accelerating this trend and how firms can support talent diversity.
Episode 165
January 19, 2024
What asset allocation changes do investors plan on making? BNY Mellon’s Pershing shares key findings from its recent allocator survey.
Episode 164
December 19, 2023
Bruce talks to Steve Sanders from Interactive Brokers about how some broker-dealers are 'in a bit of a pickle' because of how they invested client cash.
Episode 163
December 05, 2023
Bruce talks to eMoney Advisor’s Matt Schulte and Dr. Emily Koochel about financial advisors and financial psychology, engaging and motivating clients and the experience of financial planning.
Episode 162
November 10, 2023
What are the key strategies wealth management firms need to consider in order to remain competitive? Find out in the latest episode of The InvestmentNews Podcast.
Episode 161
October 31, 2023
Bruce chats with Rob Isbitts, founder of ETFYourself.com and a former financial advisor and fund manager, about interest rates, the bond market and which fixed-income ETFs to consider right now.
Episode 160
September 26, 2023
InvestmentNews technology editor Ryan Neal joins Bruce to talk about Future Proof and Schwab’s integration of TD’s RIAs.
Episode 159
September 11, 2023
Bruce is joined by Peter Mallouk, president and CEO of Creative Planning, to discuss the RIA giant’s recent deal for Goldman’s RIA, the former United Capital Financial Partners.
Episode 158
August 28, 2023
Bruce is joined by Ron Carson, founder and CEO of Carson Group, and John Furey, managing partner of Advisor Group Strategies, to talk about Goldman’s sale of United Capital and how financial advisors can move beyond a mindset of fear and scarcity.
Episode 157
August 14, 2023
The InvestmentNews podcast returns after a summer hiatus. In this episode, Bruce talks to fellow reporters Ryan Neal and Emile Hallez, respectively, about AI and college debt.
Episode 156
June 26, 2023
Bruce and Jeff are joined by Abby Salameh, chief marketing officer and managing director of CAIS IQ, to talk about the appetite for and access to alternative investments.
Episode 155
June 20, 2023
Bruce and Jeff speak to Richard Hill, head of real estate strategy and research at Cohen & Steers, about everything REITs. Rich walks us through the current downturn in commercial real estate. He also discusses why, if REITs are such a good hedge against inflation, they had such a bad year in 2022.
Episode 154
June 12, 2023
Bruce and Jeff speak with Bob Smietana, national reporter at Religion News Service, about Christian radio host Dave Ramsey and the multiple lawsuits he's facing. They work through the question of how legally responsible Dave Ramsey is in these suits as someone considered a "financial guru."
Episode 153
June 05, 2023
Bruce and Jeff speak with forward thinker Michael Kitces, chief financial planning nerd at kitces.com. With ChatGPT pushing artificial intelligence into the mainstream, Michael walks us through how AI can complement your advisory services and how to integrate it.
Episode 152
May 30, 2023
Bruce takes the pod solo as he speaks to Peter Nesvold of Republic Capital Group, an investment banker, teacher and author. Peter talks about recent deals Republic Capital has been involved in, the current premium on getting into the wealth management business, and his overall sense of the marketplace now.
Episode 151
May 22, 2023
Bruce and Jeff speak to Emily Koochel, manager of financial wellness at eMoney Advisor. Emily stresses the importance of financial wellness through the exploration of financial psychology and helps us understand the difference between financial psychology and behavioral finance.
Episode 150
May 15, 2023
Bruce and Jeff are joined by InvestmentNews ESG editor Emile Hallez to talk about the backlash in response to his recent column, 'The Bud Light case for ESG.' They discuss how ESG is defined and how it applies to Anheuser-Busch hiring a transgender influencer to promote its brand.
Episode 149
May 08, 2023
Bruce and Jeff talk to Louis Diamond, president of Diamond Consultants, about First Republic Bank, JPMorgan's role as its acquirer, and what the road ahead may look like for the First Republic brokers and clients. They also discuss the road paved by Louis' mother, Mindy Diamond, who started Diamond Consultants at a time when a woman leader in the industry wasn't common.
Episode 148
May 01, 2023
Jeff takes the pod solo this week to talk to Matt Matrisian, chief channel officer at AssetMark. They evaluate the current structure of fees and look at how advisors can use benchmarking to optimize their fee-based practice. They also consider how advisors can approach raising their fees.
Episode 147
April 24, 2023
Bruce and Jeff are joined by Adam Cox, executive vice president and chief wealth management officer at First National Bank in Sioux Falls, South Dakota. In addition to running his own award-winning podcast, 'Common Sense on the Prairie,' Adam walks us through how he's led the growth and hybrid development of First National Bank to provide a variety of banking and RIA services to clients.
Episode 146
April 17, 2023
Jeff talks to Lindsey Swanson, who founded and runs a niche advisory practice, Stripper Financial Planning. Lindsey takes us through how she identified her niche working with sex workers, and how she used tools like SEO and her desire to serve an underserved demographic to help define and grow her business.
Episode 145
April 10, 2023
Jeff and Bruce chat with InvestmentNews contributing editor Mary Beth Franklin about recent projection that the Social Security trust funds will run out by 2034. Mary Beth walks us through how Social Security currently works, how it’s been an ever-evolving system in constant need of reform, and the reality that this current problem is not a math problem but a political one.
Episode 144
April 03, 2023
Bruce and Jeff talk to James Crowley, chief executive at Pershing, about the continued success of the world's largest custodian and the keys that make that possible. James claims much of it has to do with his longevity as CEO and the relationships he's cultivated, mixed with the proper timing to create opportunity. He also stresses the need to continue to innovate.
Episode 143
March 27, 2023
Bruce and Jeff chat with Shannon Eusey, CEO and founder of Beacon Pointe Advisors, about how Shannon launched Beacon Pointe, the nation's largest woman-led RIA, and how the firm has continued to grow amid challenging times. Shannon also talks about how she's been able to run the company while becoming a mother of four.
Episode 142
March 24, 2023
Rose Palazzo, group president of financial planning at Envestnet, joins technology editor Ryan W. Neal on the T3 conference floor to share some of the latest features and enhancements coming to MoneyGuide, as well as a sneak peak at a future product coming to help advisors charge for financial planning.
Episode 141
March 24, 2023
Should wealth management firms build their own technology or integrate with third parties? Carson Group chief technology officer Nimesh Patel joins InvestmentNews technology editor Ryan W. Neal on the T3 conference floor to discuss the options for creating a differentiated technology platform, and their shared love of 'The Last of Us' on HBO.
Episode 140
March 24, 2023
T3 producer Joel Bruckenstein shares some inside tips on what to enjoy in Tampa Bay; discusses what his latest advisor technology survey uncovered about cybersecurity; and talks about some of the most interesting new technology startups in the T3 expo hall.
Episode 139
March 24, 2023
Riskalyze co-founder and CEO Aaron Klein reflects on 10 years of attending the T3 conference and speaks with technology editor Ryan W. Neal about how his company is helping financial advisors grow without twisting them into salespeople. Klein also talks about how the company is strategizing integrations and lighting the beam for the Sacramento Kings.
Episode 138
March 24, 2023
Alison Dooher, the managing director of digital advisor solutions at Charles Schwab, shares an update on the ongoing technology integration between Schwab and TD Ameritrade. Live from the T3 expo hall, Dooher also talks with InvestmentNews technology editor Ryan W. Neal about how advisors are using their data, her quest to make the perfect pizza dough, and the show 'Yellowstone.'
Episode 137
March 20, 2023
Bruce and Jeff are joined by Alexander Yokum, equity research analyst at CFRA, who provides context on what Silicon Valley Bank's problems mean for the future of banking. He also talks about how First Republic got caught up in this, and whether or not we should be concerned for the banking industry as a whole.
Episode 136
March 13, 2023
Bruce and Jeff chat with Candice Carlton, head of advisor growth marketing at FiComm Partners, about Merrill Lynch’s new tool allowing advisors to share custom videos. Candace goes through the do's and don'ts of using video to market yourself as an advisor, and explains why this is a tool everyone will have to master.
Episode 135
March 06, 2023
This week Bruce and Jeff connect with Bruce Lavine, founder and CEO of NightShares. They discuss NightShares' strategies for trading ETFs while the markets are closed, the methodologies that make this successful and how advisors can use these strategies for their clients.
Episode 134
February 27, 2023
On this episode, Jeff and Bruce come on strong with the questions and Michael Tiedemann, CEO of Alvarium Tiedemann, takes them in stride. There’s so much to unpack, from the inception of the Tiedemann Advisors to its journey of rebranding and going public. And of course the bigger questions: Does an RIA go public? If so, when? And do you misalign with your clients by going public?
Episode 133
February 20, 2023
Bruce and Jeff are joined by Jeremy Eisenstein, co-head of RIA custody sales at Goldman Sachs. Jeremy gives his views on the custody operation at Goldman, where it's going, where it's been and how it got here.
Episode 132
February 13, 2023
Inspired by a Twitter showdown about ESG investing, Jeff and Bruce seek more information from Adam Fleck, director of equity research for ESG at Morningstar Research Services. The guys dive deep to better understand the landscape of ESG investing and how we can get past the political challenges.
Episode 131
February 06, 2023
Bruce and Jeff speak to Nadia Papagiannis, head of model portfolio products at Northern Trust Asset Management, about investing beyond one’s comfort zone and what it is about our current economy that makes alternative investments unique.
Episode 130
January 30, 2023
Bruce and Jeff talk to Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, about going 100% equities in portfolios, dealing with the risk averse versus the non-risk averse, and answering the big recession questions.
Episode 129
January 23, 2023
Bruce and Jeff are joined by Thomas Moore, director of Betterment for Advisors, to talk about all things Betterment. They leave no stone unturned as they discuss the robo-advisor's business, its strategy and Betterment's outlook on its future.
Episode 128
January 17, 2023
Jeff and Bruce connect with financial industry vet Mark Tibergien on all things financial advising. He explains how his retirement from Pershing Advisor Solutions in 2020 allowed him to rewire his services, providing greater reach in how he applies his years of experience in the industry.
Episode 127
January 09, 2023
Jeff and Bruce are joined by Michael Hunstad, executive vice president and chief investment officer for global equities at Northern Trust Asset Management. Michael talks us through his detailed research on risk, including six key findings every portfolio manager should be aware of.
Episode 126
January 03, 2023
Bruce and Jeff ring in 2023 with their guest Charles Rowlan, senior vice president of business development at Advyzon. They discuss Charles' extensive research on the ever-evolving advisor fee model.
Episode 125
December 19, 2022
Bruce and Jeff connect with Kevin T. Gannon, CEO of RA Stanger Investment Bank, to talk about nontraded REITS, their history, all of the current nuances when working with them, and their advantages and disadvantages.
Episode 124
December 12, 2022
Jeff speaks with Toussaint Bailey, Founder and CEO of Uplifting Capital, about his creative ventures to shift the landscape of impact investing.
Episode 123
December 05, 2022
Jeff takes the pod solo this week with his guest Gary Zimmerman, Founder of MaxMyInterest.com. Gary explains how MaxMyInterest was born from his experience during the financial crisis. Jeff and Gary discuss Gary's thoughts on why inflation is here to stay and may well be an indicator of future social and political instability, and how a recession may be our only hope of quelling inflation.
Episode 122
November 28, 2022
Jeff and Bruce talk to Lorenzo Esparza, chief executive and founding principal at Manhattan West, about his preference for alternative investments, especially when working with the firm's high-profile clients, including entertainers and athletes.
Episode 121
November 21, 2022
Jeff and Bruce are joined by Joanne Cleaver, diversity, equity and inclusion editor at InvestmentNews, who explains her work highlighting the many individuals and firms who have put in the DEI work at their businesses, including celebrating them at the Women to Watch event in New York City this month.
Episode 120
November 14, 2022
Bruce and Jeff are joined by Chuck Failla of Sovereign Financial, who shares his own background as a breakaway RIA, his current success, and tips and tools to utilize when choosing a similar path.
Episode 119
November 07, 2022
Bruce takes the pod solo this week as he's joined by Rich Steinmeier, managing director and divisional president at LPL Financial. Rich lets us in on the details of LPL's latest acquisition, the firm's plans for the future, and why he's so passionate about the company.
Episode 118
October 31, 2022
Jeff and Bruce talk to Shane Sideris of Synchronous Wealth Advisors about the recent craze over Treasury I bonds. They discuss whether the rising popularity of I bonds is due to inflation, and whether or not this investment is worth it in the long term.
Episode 117
October 24, 2022
Bruce and Jeff talk to Elizabeth Hiza, chief marketing officer at Barnum Financial Group, about her implementation of the growth mindset. Elizabeth swears by its power to evolve individual relationships as well as a firm's ability to thrive. But Bruce has some big questions, including whether this is a cult.
Episode 116
October 18, 2022
Shundrawn Thomas joins Bruce and Jeff to discuss his departure from Northern Trust Asset Management to launch The Copia Group. They talk about his reasons for leaving Northern Trust and The Copia Group’s plans. They also go in-depth about Shundrawn’s letters to corporate America reflecting on the racial unrest in this country.
Episode 115
October 10, 2022
Bruce and Jeff are joined by Tim Murray, capital markets strategist at T. Rowe Price, to talk about all things capital markets. The big question: is this economic slowdown inevitably going to become a recession? They discuss supply, demand and inflation to sort out the possibilities. They also touch on the effect the economic slowdown is having on equity markets.
Episode 114
October 03, 2022
Jeff takes the pod solo with his guest, Cody Garrett of Measure Twice Financial, who breaks down his “advice only” financial planning operation. They discuss the branding elements that go into providing paid financial advice for the anti-financial-adviser population.
Episode 113
September 26, 2022
Bruce and Jeff have an informative conversation with marketing whiz Samantha Russell, chief evangelist at financial adviser marketing firm FMG Suite, who reveals major tricks of the trade when it comes to marketing across social media.
Episode 112
September 19, 2022
Bruce and Jeff talk to Knut Rostad, co-founder and president of the Institute for the Fiduciary Standard, about what the institute has accomplished so far during what Knut terms “Fiduciary September.” Knut discusses what he sees as the dismal state of the SEC's Regulation Best Interest.
Episode 111
September 12, 2022
InvestmentNews' tech reporter, Ryan Neal, joins Bruce on the pod this week to talk through current major fintech deals and the tech conferences on his radar this fall. At the top of the list is the termination of UBS' acquisition of robo-adviser Wealthfront.
Episode 110
August 29, 2022
Bruce is joined by Mark Schoeff Jr., senior reporter at InvestmentNews, and Emile Hallez, US News Editor for ESG Clarity, to discuss current ESG news, including the pushback from states like Texas and Florida, which have adopted an anti-woke approach to ESG.
Episode 109
August 22, 2022
Bruce and Jeff reunite to interview Vivek Ramaswamy, co-founder and executive chairman of Strive Asset Management. They unravel the problematic mix of politics and big business, as well as Vivek’s unconventional path to founding Strive, Strive’s success and what’s next.
Episode 108
August 15, 2022
Jeff takes the pod solo, interviewing the founder and president of The ETF Store, Nate Geraci, about the nuances of single-stock ETFs. Nate talks about how we got to this point, how the newly released ETFs that invest in a single security work, and who they work for.
Episode 107
August 08, 2022
Bruce takes the pod solo with guest Jim Gold, CEO and co-founder at Steward Partners Global Advisory. They talk about the evolution of Gold's career that paved the path to Steward Partners Global Advisory. Jim addresses the firm's continued growth and the nuance of what it takes to sustain success.
Episode 106
August 01, 2022
Bruce and Jeff push hard for answers on the Financial Planning Association's efforts to turn the financial planner title into a protected and official designation. They talk with FPA CEO and secretary Patrick D. Mahoney about why the current actions were taken and how this new title will differ from the more than 225 designations that already exist across the financial services industry.
Episode 105
July 25, 2022
Jeff and Bruce talk to Lisa Salvi of Schwab Advisor Services about its 16th annual RIA benchmarking study. Lisa, who's spent the past 10 years working on this research, imparts what she sees as the study's key findings. She talks about how her team uses the data to inform best practices within the firm, as well as the three factors that identify top performers.
Episode 104
July 18, 2022
Bruce and Jeff explore the news that David Canter is leaving Fidelity Institutional for Bluespring Wealth Partners with Timothy D. Welsh, CEO of Nexus Strategy. They discuss the impact this will have on Fidelity and its custody business, as well as what it means for Bluespring.
Episode 103
July 11, 2022
Jeff talks to Bobby Blue, senior manager research analyst at Morningstar, about liquid alternative funds, ETFs and mutual funds. They discuss what’s driving flows, the fees involved, and red flags to look for with these investments.
Episode 102
June 27, 2022
Bruce interviews InvestmentNews senior reporter Mark Schoeff Jr. about the SEC's lawsuit against Western International Securities Inc., which involves GWG bonds and violations of Reg BI. Bruce and Mark talk through the specific charges and how effective Reg BI has been during its two years of operation.
Episode 101
June 21, 2022
Bruce and Jeff interview SEC Commissioner Hester Peirce, who addresses a plethora of topics, including the SEC’s position on regulating ESG and greenwashing; cryptocurrency regulation; and what Peirce's agenda would be if she became SEC chair.
Episode 100
June 13, 2022
In the 100th episode of the InvestmentNews Podcast, Bruce and Jeff talk with Andy Sieg, president of Merrill Lynch Wealth Management, about the shift in wealth management from 2021 to 2022, including how firms are hiring and retaining talent.
Episode 99
June 06, 2022
Bruce and Jeff connect with Lance Dial, partner at Morgan Lewis, to discuss the SEC's proposed new rules related to ESG investing. They talk about the SEC's goal of cracking down on greenwashing, and the challenge of enforcing rules related to something that's evolving.
Episode 98.5
May 25, 2022
Joel Bruckenstein, president of Technology Tools for Today and producer of the annual T3 conference, identifies some of the major themes of this year's event and shared some highlights from his latest adviser software survey.
Episode 98.4
May 25, 2022
Speaking at the Technology Tools for Today conference, SEI's Jeff Benfield tells guest host Ryan W. Neal about how his firm is using technology to drive personalization and shares a bit of what's coming on SEI's tech road map.
Episode 98.3
May 25, 2022
At the Technology Tools for Today conference, guest host Ryan W. Neal sits down with Dani Fava, head of strategic development at Envestnet, who talks about the most exciting startups she met with at the conference and the latest innovations coming out of Envestnet.
Episode 98.2
May 25, 2022
Franklin Templeton CEO Jenny Johnson joins guest host Ryan W. Neal to share her impressions of her first Technology Tools for Today conference, where she appeared in a fireside chat with T3 president Joel Bruckenstein discussing her firm's latest technology, as well as on a panel on increasing diversity in the industry.
Episode 98.1
May 23, 2022
InvestmentNews technology editor Ryan W. Neal sits down with Andrew Salesky, head of digital adviser solutions at Charles Schwab, to get an update on the ongoing TD Ameritrade integration and the latest digital developments for advisers using Schwab's platform.
Episode 97
May 16, 2022
Bruce Kelly sorts through the complicated pairing of crypto and 401(k)s with InvestmentNews' very own Mark Schoeff Jr. and Jennifer Gibbs Swets, partner and retirement plan consultant at DWC – The 401(k) Experts.
Episode 96
May 10, 2022
Bruce and Jeff reconnect with InvestmentNew's very own technology editor, Ryan Neal, as he dives into the T3 conference in Texas. The guys discuss what Ryan's been doing during his hiatus from InvestmentNews, his big plans now that he's back, and the misleading bro culture of Silicon Valley.
Episode 95
May 02, 2022
Jeff and Bruce dive deep into the world of cannabis investments with ETF Managers Group's cannabis research and banking expert Jason Wilson, who addresses how the industry will continue to shift as a result of changing regulations and what the rules are currently.
Episode 94
April 25, 2022
Bruce and Jeff talk with Tom Bradley, managing director at Charles Schwab, about the Schwab-TD Ameritrade merger. They break down the multiyear process of the acquisition and get an update on its current status.
Episode 93
April 18, 2022
Jeff and Bruce talk to Knut Rostad, president of the Institute for the Fiduciary Standard, about the SEC's revisions to Form CRS and the complications that it's added to defining the term 'fiduciary.'
Episode 92
April 11, 2022
Episode Summary Bruce and Jeff connect with Ron Carson, founder and CEO of Carson Group, to talk about the big Burt White news, the details…
Episode 91
April 04, 2022
Bruce and Jeff talk to Nick Frelinghuysen, managing director and portfolio manager at Chilton Trust, about the latest Biden tax proposal, known as the billionaire minimum income tax. They explore the big questions: Is this constitutional? Is this really just a billion-dollar campaign slogan?
Episode 90
March 28, 2022
Bruce and Jeff talk with Emile Hallez, US news editor at ESG Clarity, who has done the work of reading through the SEC's proposal. Listen in for a breakdown of the proposal, which will affect how public companies and some private companies report about their impact on the environment.
Episode 89
March 21, 2022
David Kelly, chief global strategist at J.P. Morgan Asset Management, talks about Modern Monetary Theory and why we shouldn't be panicked about current inflation.
Episode 88
March 14, 2022
Bruce and Jeff talk to Tom Roseen, head of research services at Refinitiv Lipper Research, about the recently announced Lipper Awards and some of the winners, including T. Rowe Price. They also address how the shift in the fund industry from actively managed funds to index and passively managed funds has impacted Lipper.
Episode 87
March 07, 2022
Bruce and Jeff talk to Rob Isbitts of Sungarden Investment Publishing about how current geopolitical unrest is affecting the markets. Bruce and Jeff also discuss Tyrone Ross' departure from Onramp and his cryptic tweet from the Omaha airport.
Episode 86
February 28, 2022
Nadia Papagiannis, senior vice president of multi-asset class solutions at Northern Trust Asset Management, talks about the income portion of portfolios for clients on the cusp of retirement. Given inflation, low interest rates and general uncertainty, advisers have their work cut out for them.
Episode 85
February 22, 2022
Adam Gana, managing partner of Gana Weinstein, joins Bruce to discuss a recent Finra arbitration decision overturned by a court in Georgia. They discuss the case, how Finra abitration works, and what the case means for Finra and for advisers.
Episode 84
February 14, 2022
Jeff and Bruce pull back the curtain a bit on how private money finds its way into RIAs in the form of investments. Tim Bello from Merchant Investment Management shares his perspective as someone whose firm makes investments and forms partnerships mainly in the wealth management space. And no, this isn't private equity.
Episode 83
February 07, 2022
Jim Paulsen, CIO at Leuthold, joins Bruce and Jeff to dissect the current market volatility. They discuss where the opening salvos of 2022 trading fit in compared to other recent big market moves, and whether or not we'll see a true correction.
Episode 82
January 31, 2022
The markets have been on a wild ride so far this year. Blair deQuesnay of Ritholtz Wealth Management joins Jeff and Bruce to chat about how advisers can keep clients calm during the storm and her take on current markets.
Episode 81
January 24, 2022
Dr. Karen Altfest, executive vice president at Altfest Personal Wealth Management, discusses the history of women in financial services and whether or not there has been meaningful progress.
Episode 80
January 18, 2022
Bruce and Jeff tackle big industry issues with Brian Hart from KPMG, including when and how employees are expected to return to the office, and talk to Sonya Dreizler of Choir, a trailblazer in setting new industry standards for diversity at big conferences.
Episode 79
January 10, 2022
Jeff and Bruce talk options for marketing, niche advisory and being authentic with Megan Carpenter, the CEO and co-founder of FiComm Partners.
Episode 78
January 03, 2022
Jeff and Bruce speak with Jeffrey Sherman, deputy CEO at DoubleLine Capital, about inflation, bonds, ETFs and ESG. Then the dynamic duo debates the 2022 outlook with Mark Schoeff Jr.
Episode 77
December 20, 2021
Jeff gets the breakdown on anti-woke ETFs from Bloomberg’s senior ETF analyst, Eric Balchunas. Together they dive deep into what these funds entail and which companies they're investing in, and ponder the question, is bringing politics into investing a good idea?
Episode 76
December 13, 2021
InvestmentNews' Sean Allocca joins the podcast to chat with Bruce about some of the big acquisitions and hoped-for acquisitions in the wealth tech space. They go over Wealthfront as a possible buy target and Apollo's purchase of Griffin.
Episode 75
December 06, 2021
This week’s episode kicks off with tax management guru Ed Slott giving advisers some solid year-end tax strategies to employ, regardless of where the Biden tax hikes end up. Then Jeff talks with David DeVoe about the pace of record-setting consolidation in the wealth management space. How long can it last, and how much is your firm worth?
Episode 74
November 29, 2021
Jeff takes Knut Rostad of The Institute for the Fiduciary Standard deep into the weeds in a discussion designed to untangle the endless regulatory wrangling over whether brokers or advisers have the better standard of practice.
Episode 73
November 22, 2021
Bruce talks to Mike Edmiston, the new head of the plaintiff’s bar group, PIABA, about RIAs and investor lawsuits and discusses financial advisers and the Great Resignation with IN’s own Emile Hallez.
Episode 72
November 15, 2021
Eric Kittner, CEO and chairman of Moneta, talks with Jeff and Bruce about the recent trend of wirehouses trying to make inroads in the RIA space, particularly JPMorgan. Christopher Franz and Alec Lucas chat about what to expect in capital gains taxes this year.
Episode 71
November 08, 2021
Frank Congemi joins Bruce Kelly to talk about Covid's effect on the work of financial advisers. Lori Varnell, chief of the Tarrant County Criminal District Attorney’s Elder Financial Fraud team, talks about elder fraud and a case that recently made waves.
Episode 70
November 01, 2021
Bitcoin futures ETFs have hit the market recently, causing big waves. Nate Geraci, president of The ETF store, joins Jeff and Bruce to dive into the details. Danny Sarch from Leitner Sarch Consultants chats about the dance between the wirehouses and the RIA space.
Episode 69
October 25, 2021
Alexandra Mihailescu Cichon from RepRisk joins Jeff and Bruce to discuss the current state of ESG, and the future. Scott Silver also joins to chat about the recent Worden Capital fiasco and what it means for the industry.
Episode 68
October 18, 2021
Target-date funds have come under fire recently, with comments made by Peter Mallouk disparaging the products. Jason Kephart joins the pod today to discuss what's up with TDFs. Devin McGinley also joins to share the latest from the 2021 InvestmentNews compensation and staffing study.
Episode 67
October 11, 2021
Karen Barr, CEO of the Investment Adviser Association joins Bruce, flying solo today as Jeff hosts our own RIA Summit, to chat all things advisory business. Nicole Casperson joins Bruce to discuss how tech is reshaping account aggregation.
Episode 66
October 04, 2021
Steve Skancke from Keel Point joins Jeff and Bruce to chat alternatives. With his long history of both governmental and private-sector work, Steve helps break down why the 60/40 portfolio has shifted to 70/30, and why alts make more sense now than ever.
Episode 65
September 27, 2021
Writer and researcher Jamie Hopkins, managing partner of wealth solutions at Carson Wealth, discusses at length with Jeff and Bruce the current Democratic tax plan making its way through Congress. They discuss realistic outcomes of the bill and ramifications for advisers and clients. They also discuss crypto, the new Carson headquarters building, and the Bain Capital investment.
Episode 64
September 20, 2021
Leslie Marshall of Morningstar joins to discuss the company's upcoming conference, which is the final large in-person conference still standing. Bruce and Jeff also go through the recent American Century conspiracy theory.
Episode 63
September 13, 2021
Jim Paulsen of The Leuthold Group and Paulsen's Perspective discusses his views on S&P valuations, the possibility of inflation and a market outlook. Our own Mark Schoeff Jr. fills us in on Barbara Roper's move to the SEC from her longtime position at the Consumer Federation of America.
Episode 62
August 23, 2021
Tom O’Shea, a director at Cerulli Associates, explains why taxes and ESG are creating a surge of interest in direct indexing, a separately managed account product that has been around for 20 years.
Episode 61
August 16, 2021
Dana Wilson shares her story of founding an online community that helps people of color find advisers who look like them. Jordan Waxman discusses the recent NCAA ruling allowing student athletes greater access to name and likeness income.
Episode 60
August 06, 2021
Burt White, CIO of LPL, joins to chat about LPL's annual meeting, transitioning from the 60/40 mindset, and the role of a CIO. Zach Teutsch, an adviser who specializes in progressive clients, talks about having a niche practice, tax planning for the left-minded, and his curious career path through Bear Stearns during the '08 financial crisis.
Episode 59
July 30, 2021
Nicole Casperson helps Jeff and Bruce break down the Robinhood IPO, and professor Luke Taylor from Wharton shares his research findings on the future of ESG performance.
Episode 58
July 26, 2021
R.J. Moore, CEO of Private Advisor Group, and Peter Yi from Northern Trust discuss the inflation outlook and RIA valuations
Episode 57
July 19, 2021
Compliance consultant Peggy Chait chats with Bruce and Jeff about Finra's effort to increase the diversity of the financial services industry. Teri Shepard from Carson Group talks about their new research on women in the RIA space.
Episode 56
July 12, 2021
Kara Murphy, formerly of United Capital and Goldman, joins to talk about her new role as chief investment officer at Kestra. Blair DuQuesnay of Ritholtz discusses the takeaways from Britney Spears' public plea to end her 13-year conservatorship.
Episode 55
July 06, 2021
Financial planning icon Ric Edelman, who created Edelman Financial Services in 1987 and merged it with Financial Engines in 2018 to create the mammoth Edelman Financial Engines, joins the podcast to share his plans now that he’s stepped down from daily duties at his namesake firm.
Episode 54
June 28, 2021
A conversation with Bob Smietana of the Religion News Service looks at how born-again-Christian and radio host Dave Ramsey fits into finance and religion. Sonya Dreizler joins Jeff and Bruce to chat about some of the challenges women face in the financial advice industry and how industry conferences can help.
Episode 53
June 21, 2021
George Moriarty, our chief content officer, makes his inaugural visit to the podcast to chat about Bruce's amazing Neal award. Recruiter Mindy Diamond talks about adviser movement, the wirehouses, compensation and why there aren't more female RIAs.
Episode 52
June 14, 2021
A wide-ranging conversation with Michael Kitces that covers niche practices, fees, brands and RIA valuations. Ben Harrison joins Jeff and Bruce to chat about the goings-on at Pershing, the Insight conference and custody issues.
Episode 51
June 07, 2021
Newly minted CIO Bob Doll of Crossmark joins to discuss his move. Susan Schroeder of WilmerHale, the former head of enforcement at Finra, chats about her memories of interesting enforcement actions at Finra and the Finra/SEC relationship.
Episode 50
May 24, 2021
Our 50th episode special! Two luminaries join Jeff to discuss their outlooks for the second half of the year. Equity outlooks, thoughts on inflation, crypto, sustainable investing and diversity in the industry are all addressed.
Episode 49
May 17, 2021
Andrew Komarow, financial planner, owner of Planning Across the Spectrum and autistic himself, shares his story and talks about the importance of financial planning for families with neurodivergent members. Kevin Keller, CEO of the CFP Board, joins to talk about the board's plans and the proliferation of sometimes questionable designations.
Episode 48
May 10, 2021
D.C. expert and policy wonk Mark Schoeff Jr. joins Bruce and Jeff to discuss the details of Biden's three big initiatives so far, The American Rescue, Jobs, and Families plans. The trio debate the merits of spending trillions to help Americans, and the tax ramifications.
Episode 46
April 26, 2021
With Jeff 'planting trees' on Earth Day, guest host Liz Skinner steps in to chat with Bruce and guest Dennis Gallant about Bruce's annual IBD report card. This year's theme? Fees. Commission to fee-only, fee-erosion, and how thus affects wirehouses.
Episode 45
April 19, 2021
The recent passing of 'The baddest broker of all time,' Bernie Madoff, reminds us that one bad broker can bring ruin to a firm. Ben Edwards, law professor at UNLV joins to discuss the 'one bad broker' rule and more. Amy Domini also chats with Jeff and Bruce about her historic career as one of the originals of ESG and why the overnight rise of ESG isn't so overnight.
Episode 44
April 12, 2021
Emile Hallez joins for a deep discussion on all things pooled employer plans (PEP). What role do PEPs play in the landscape, who uses them, the impact on RPAs, and more.
Episode 43
April 05, 2021
Many retail investors do not the difference between an equal-weighted index versus a cap-weighted index. Michael Willis explains why the difference matters. Shannon McLay joins to share her story of founding the disruptive and influential start-up looking to change the way financial planning is done.
Episode 41
March 22, 2021
Erika chats with Jeff and Bruce about all things ESG investing, Impact, why it's important for advisers to go beyond the labels. Nicole Casperson joins to discuss SPACs and why so many celebrities are hitching their brand to the SPAC bandwagon.
Episode 40
March 15, 2021
Kurt Wolfe, securities attorney with Troutman Pepper, discusses the final updated rules from the SEC on adviser marketing. The rule hasn't changed in nearly 40 years, so Jeff, Bruce, and Kurt have plenty to discuss, including what is allowed in the new guidelines, differences for brokers vs. advisers, and more.
Episode 39
March 08, 2021
Nathan Parkins of Molei Financial & Fincap Advisers joins Jeff and Bruce to discuss the very real business of cannabis investing.
Episode 38
March 01, 2021
They may not be "hodling" by the end of the episode, but you'll learn not only some of the basics, but interesting details, why it works and whether crypto ETFs make any sense.
Episode 37
February 22, 2021
Les Brun, Co-Founder of Ariel Alternatives, shares his vision for "Project Black," the firm's initiative to invest in middle-market companies to scale the number of minority owned businesses.
Episode 36
February 12, 2021
Rick Ferri joins to discuss his latest call for a change in adviser fees.
Attorney Jason Kane discusses his firm's class action lawsuit against embattled GPB Capital.
Episode 35
February 08, 2021
Tyler Gellasch from Healthy Markets joins Jeff and Bruce to discuss what the potential regulatory fallout will be from the recent spate of social media fueled trading frenzies.
Episode 34
January 29, 2021
Paul Schatz joins to explain the nuances of the Gamestop saga.
There are reasons beyond just a Reddit group for the wild action, and Paul goes through all of it.
Episode 33
January 22, 2021
D.C. correspondent Mark Schoeff joins Bruce and Jeff to look at the full impact of the new Biden/Harris administration on the advisory business. What will change quickly, what won't, and what happens to Reg BI?
Episode 32
January 15, 2021
Nick Harness, CIO from Kestra Financial, discusses the recent SolarWinds security breach and cyber security for IBDs. Jeff Benjamin and Bruce also discuss political campaign donations being cutoff in the wake of the Capitol insurrection.
Episode 31
January 08, 2021
Bob Doll joins Jeff and Bruce for a solid conversation breaking down not only his 2021 market predictions, but his own story and his Nostradamus batting average.
Episode 30
January 04, 2021
Mark Bruno joins Jeff and Bruce to kick off 2021 with a detailed look at mergers and acquisitions in the RIA space.
Episode 29
December 21, 2020
From becoming woke, to hitting a black bear, to learning the thrilling and scary news that one is expecting during a pandemic, our staff members open up about their unique trials and triumphs this year.
Episode 28
December 16, 2020
The new idea of a Chief Governance Officer role. Would it add to the fiduciary load and does it provide revenue opportunities?
Episode 27
December 14, 2020
Patrick Mahoney, new CEO of the FPA, on the challenges and opportunities ahead for the FPA
Episode 26
December 07, 2020
Jeff Benjamin gets a makeover! For his portfolio that is. Christine Benz of Morningstar hosts an annual portfolio makeover, plus the boys talk to Steve Lamb about the ESG Film Festival
Episode 25
December 03, 2020
It seems like overnight that the retirement plan adviser mergers and acquisition market exploded fueled in part by a flood of private equity money.
Episode 24
November 30, 2020
Schwab's chief global investment strategist Jeffrey Kleintop joins Jeff Benjamin and Bruce Kelly to chat about the global markets and how they'll react to the U.S. elections, the ongoing pandemic and Black Friday.
Episode 23
November 23, 2020
Episode Summary Kurt MacAlpine, CEO of Canada’s CI Financial, joins Jeff Benjamin and Bruce Kelly to talk about his company’s buying spree. CI Financial has…
Episode 22
November 16, 2020
Jeff Benjamin and Bruce Kelly welcome Jon Dauphine from FFP to discuss his group's call asking for advisers to commit to at least 25 hours of pro bono work a year.
Episode 21
November 10, 2020
Jeff and Bruce talk with IN's D.C. correspondent, Mark Schoeff, about what advisers can expect from the incoming administration in terms of department heads, regulations, ESG and of course, taxes.
Episode 20
November 09, 2020
Nicole talks on how digital advice is a means to cross sell, and Todd dives deep into all things semitransparent ETF
Episode 19
November 02, 2020
If Democrats win the 2020 election, how will financial regulations be affected?
Episode 18
October 26, 2020
The story behind Josh Brown’s latest book, 'How I Invest My Money,' as well as other interesting stories
Episode 17
October 19, 2020
Hosts Jeff Benjamin and Bruce Kelly tackle the Wells Fargo riddle, with it's budget cuts that sent a sizable group of advisers packing. The Social Security trust funds, created to help pay future retirement benefits when payroll tax revenues alone are no longer sufficient, will run dry sooner than previously predicted due to the COVID-19 pandemic and the recession it triggered. Mary Beth Franklin joins to discuss her important cover story.
Episode 16
October 12, 2020
Hosts Jeff Benjamin and Bruce Kelly are joined by fellow InvestmentNews reporter Nicole Casperson to discuss what the Schwab-TD megamerger means for the overlapping custodial platforms.
Episode 15
October 05, 2020
Reporter Emile Hallez discusses his cover story about DNA and Biological-age testing and how it could reshape financial planning.
Episode 14
September 28, 2020
The legendary economist and author believes the current hot trend of ESG investing is ineffective and espensive.
Episode 13
September 21, 2020
This week we looking into the NFL Players Association rules for hiring financial advisers, along with the poor performance of active management. Hosts Jeff and Bruce also look at job cuts at Raymond James, a guest appearance by IN reporter Emile Hallez to discuss his latest cover story, and we grade Morningstar’s virtual conference.
Episode 12
September 14, 2020
This week we take deep dives into three hot topics with the help of two special guests. Mary Beth Franklin explains why it might make sense to increase the Social Security tax threshold along with the payout. Hosts Jeff Benjamin and Bruce Kelly discuss how the biggest banks are clamping down on giving and receiving perks. And InvestmentNews special projects editor Liz Skinner cuts through the noise of diversity and inclusion in financial services.
Episode 11
August 31, 2020
From Washington, D.C., special guest Mark Schoeff joins hosts Jeff Benjamin and Bruce Kelly to look at the fallout for the wealth management industry in the wake of both the Democratic and Republican national conventions
Episode 10
August 24, 2020
Financial advisers showing their political colors on social media should be prepared to suffer the consequences, which are rarely positive. Hosts Jeff Benjamin and Bruce Kelly also discuss the drop-off in broker recruiting, whether bonds still make sense, a bad broker, and how New York might recover from the Covid-19 beat down.
Episode 9
August 17, 2020
This week’s episode kicks off with a look at Merrill Lynch’s headache trying to manage broker trainees who are learning to cold call from home. Hosts Jeff Benjamin and Bruce Kelly also discuss how Morgan Stanley will absorb the ETrade custody business, the realities of buffered ETFs, the driving force behind RIA consolidation, and the incredible access to industry execs in the age of Covid.
Episode 8
August 11, 2020
Jeff Benjamin and Bruce Kelly analyze LPL Financial’s latest effort to stay ahead of the recruiting curve by offering what Bruce describes as a “big, juicy pork chop” to employee advisers. This episode also looks at the latest departure from TD Ameritrade, what will happen to ETrade’s custody business, and what’s up with all the 'chiefs' populating corporate America.
Episode 7
August 03, 2020
Co-hosts Jeff Benjamin and Bruce Kelly challenge InvestmentNews colleague Mark Schoeff on why ESG strategies often don’t find their way onto company sponsored retirement plan menus. This episode also looks at the sad regulatory record of Purshe Kaplan Sterling, why Vanguard shut down $1 billion mutual fund, what second-quarter earnings reports say about the future of wealth management, and how the lockdown is impacting industry gossip channels.
Episode 6
July 27, 2020
Jeff and Bruce get the details on Dani Fava’s celebrated move to Envestnet and why it matters to advisers. After that, they dissect the missing assets at GPB Capital, explain the pros and cons of zero-fee ETFs, look at the headaches of fintech platform consolidations, and ask whether Covid-19 is becoming a standard excuse for bad customer service.
Episode 5
July 20, 2020
This week Jeff and Bruce look at how certain taxes are ultimately paid by adviser clients, the slow start but new momentum of M&A activity in the RIA space, how Wells Fargo is cracking down on the use of the TikTok app, and what it’s like to start a new job in the middle of a pandemic.
Episode 4
July 13, 2020
This week’s episode takes a look at the use of PPP (Paycheck Protection Program) loans in financial services, the appeal of new semitransparent ETFs, Cetera’s recruiting efforts, the need for alternative investments, and what going back to the office looks like.
Episode 3
July 06, 2020
Why we think the introduction of Regulation Best Interest is not the end of the debate over how brokers and advisers are regulated. Our hosts also look at new data from TD Ameritrade about what is driving brokers toward the independent channel, what you can find in a company’s focus report, the true cost of free trading, and the love-hate relationship with public relations practitioners.
Episode 2
June 29, 2020
The momentum continues with the second weekly episode of the InvestmentNews Podcast, where senior columnists Jeff Benjamin and Bruce Kelly take opposing sides of some important issues facing the wealth management industry.
Episode 1
June 22, 2020
The inaugural episode of the InvestmentNews Podcast doesn't hold back; diving into essential topics for the financial advice industry from diversity to succession planning to potential layoffs and cost cutting to come at large firms that advisers rely on for service and technology.
