Episode Summary

Burt White, CIO of LPL, joins the pod this episode to chat about LPL's annual meeting, transitioning from the 60/40 mindset, and the role of a CIO. Zach Teutsch, an adviser whose practice specializes in progressive clients, chats with Jeff and Bruce about having a niche practice, tax planning for the left-minded, and Zach's curious career path through Bear Stearns during the '08 financial crisis.

Episode Notes

Interview with Burt White — 0:30 - 19:30

• This year's Focus Meeting and pandemic lessons.
• Measuring LPL's growth.
• Transitioning from the 60/40 mindset.
• The role of chief investment officers and where their focus should be.
• LPL's new householding feature.

Interview with Zach Teutsch — 19:45 - 46:45

• Focusing on a progressive niche.
• How tax planning fits for a more left-minded client base.
• Developing and finding the niche.
• The path not taken at Bear Stearns.
• Tips to finding one's niche.

Related Article:  LPL cuts ties with adviser accused of racism in TikTok video

Related Article:  A socialist adviser helps far-left clients accumulate wealth while fighting for financial fairness

Guest Bios:

Burt White is the managing director of investor and investment solutions and chief investment officer.

Mr. White has served as managing director, investor and investment solutions and chief investment officer of LPL Financial since January 2017. He served as managing director, research, and chief investment officer from 2009 to December 2016. Mr. White is responsible for the strategic direction and continued growth of LPL Financial’s research, marketing, products, and investment platforms.

Zach Teutsch founded Values Added Financial to help clients live more fulfilling lives by making wise financial, career and other life decisions. Before he launched Values Added Financial, Zach developed the first national financial empowerment programs in the labor movement and reached several hundred thousand union members. After that, he joined the Consumer Financial Protection Bureau, where he was a subject matter expert on financial education and empowerment. Zach has taught investment and financial planning topics to groups all around the country and has served individual clients for 15 years. His writing has appeared in Vox (link), The Billfold (link, link, link), and Greater Greater Washington (link). He has taught at the Congressional Hispanic Caucus Institute, Brown Alumni Association, National Labor College, Congressional Hispanic Staff Association, DC Bar Association, Tzedek DC, Jews United for Justice, The DCJCC, 6th+I, the National Havurah Institute, and for dozens of unions and union locals.