In this fourteenth episode, join Nirav Desai and me as we discuss his intellectually-driven approach to financial planning… Whether you're a professional asset manager, novice retail investor, or fall anywhere in between, if you care about money and want to learn how to gain the power of capital creation for yourself, this show is for you. To learn more about the topics discussed in this podcast, read the #1 international bestseller in 9 investing & finance categories, The Shadow Banker...
Most financial advisors take a direct career path. Others arrive in the industry circuitously. In this thirteenth episode, join Carlos Lowenberg and me as we discuss his intellectually-driven approach to business consulting and financial planning… Whether you're a professional asset manager, novice retail investor, or fall anywhere in between, if you care about money and want to learn how to gain the power of capital creation for yourself, this show is for you. To learn more about the topi...
In the early 1950s, Harry Markowitz began to analyze the stock market with mathematics leading to his PhD in economics from the University of Chicago. He introduced Modern Portfolio Theory in his seminal 1952 essay Portfolio Selection. But Modern Portfolio Theory is grossly limited—not only by the erroneous assumptions upon which it’s built, but by the characteristics of efficient markets themselves. There’s not only a better way, but better markets… In this twelfth episode, join Eduard Ha...
There are many benefits to going independent and creating your own RIA, but it can also be challenging. Once you are independent, how do you balance the responsibilities you have to your clients with the multifaceted demands of growing a profitable business? In this eleventh episode, join Jeff Concepcion and me as we discuss the path to becoming an independent RIA, decommoditizing your firm, escaping the pressures of fee compression, maximizing enterprise value, and scaling AUM. Whether you...
AUM growth for financial advisors has become harder and more expensive than ever… traditional marketing methods are quickly losing efficacy and an acquisitions strategy sounds great until you realize there are 52 bidders per each RIA up for sale. We generate a lot of interest from high net worth (“HNW”) individuals. They reach out to us looking for investment opportunities—specifically, they want financial products that quantitatively beat what their current advisor offers. We’re not in the...
What does it look like to become an institutional-grade alternative asset manager? You’ve heard me repeatedly say that the only place to objectively find good investment performance is the arbitrage opportunities unique to private markets. The challenge lies in the fact that most private market asset managers don’t operate with the level of financial expertise and sophistication required to optimally and consistently take advantage… Whether it's an issue with capital stack positioning, val...
People often complain about asset managers’ fee structure. Especially when markets are down… investors take the hit while the financial professionals keep getting paid. There’s one group that gets paid no matter what; they don’t lose when the markets contract. If this position were an asset class, would you want to invest in it? In this sixth episode, join Stephan Piscano and me as we discuss how the investors who made 20%+ returns across the 2008 financial crisis are performing even bette...
AUM growth for financial advisors has become harder and more expensive than ever… traditional marketing methods are quickly losing efficacy and an acquisitions strategy sounds great until you realize there are 52 bidders per each RIA up for sale. We generate a lot of interest from high net worth (“HNW”) individuals. They reach out to us looking for investment opportunities—specifically, they want financial products that quantitatively beat what their current advisor offers. We’re not in the...
Most people are aware of the dominance the financial sector has over the economy and believe it's due to the adage: "Whoever has the gold makes the rules." The truth is that whoever understands money makes the rules. In this fourth episode, join Stephan Piscano and me as we discuss how to utilize modern marketing methods to compliantly monetize financial assets at-scale. Breaking with the traditional approaches to raising capital in favor of innovative marketing techniques can create ...
Most people are aware of the dominance the financial sector has over the economy and believe it's due to the adage: "Whoever has the gold makes the rules." The truth is that whoever understands money makes the rules. In this third episode, join Stephan Piscano and me as we discuss how to merge the best aspects of institutional finance with real estate to create unmatched investment opportunities. Real estate as a market holds extraordinary arbitrage opportunities, but it’s impeded by ...
Most people are aware of the dominance the financial sector has over the economy and believe it's due to the adage: "Whoever has the gold makes the rules." The truth is that whoever understands money makes the rules. In this second episode, join Stephan Piscano and me as we chronicle how we each navigated the 2008 financial crisis without loss and have substantially outpaced the markets every year since. We explain the strategies and tactics that generate double-digit returns across e...
Most people are aware of the dominance the financial sector has over the economy and believe it's due to the adage: "Whoever has the gold makes the rules." The truth is that whoever understands money makes the rules. In this first episode, join Ben Summers and Stephan Piscano as they chronicle Ben's nontraditional path from studying physics, through stops in professional baseball, global energy services, and real estate, to ultimately landing as a financial engineer and running his own...