Top Investment Podcasts 2018

Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)
Episode: Modest Proposal – Value is Dead, Long Live Value - [Invest Like the Best, EP.95]
Pub date: 2018-07-17

A very short introduction today because my guest is anonymous. Suffice it to say he manages a large pool of private capital.

He goes by the pseudonym “modest proposal” and his twitter presence is one of the reasons I first got on and now stay on the platform.

He is level headed, smart, and skeptical by nature, all of which made for a great conversation. We discuss how difficult the market has become for active investors, thematic investment opportunities, and the potential sources of market mispricings.

Please enjoy our conversation, and let me know which other anonymous accounts you’d like to hear from.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Links Referenced

Factors from Scratch: A look back, and forward, at how, when, and why factors work

Josh Wolf Podcast Episode

Mike Zapata Podcast Episode

Michael Mauboussin Podcast Episode

 

Show Notes

1:55 - (First Question) - How value investing has changed

5:45 – How does he apply the lens of market over-reaction to the current market today

            5:47 – Factors from Scratch: A look back, and forward, at how, when, and why factors work

            7:06 – Josh Wolf Podcast Episode

8:35 – Areas where he prepares most

            8:36 – Mike Zapata Podcast Episode

12:18 – Where markets may be over reacting in media

20:10 – How does he invest on this thinking

            20:44 – Michael Mauboussin Podcast Episode

22:35 – Other parts of media that he finds interesting

27:35 – Aggregation theory and how it plays into his investment philosophy

31:06 – Structuring a long-short portfolio in today’s media market

35:59 – Customer acquisition costs and how it’s impacting retailers

40:51 – The role of physical locations in a world that was upended by virtual retailers

49:41 – Consumer Internet Story thesis and what he’s seen during his career

58:11 – Why the FANG stocks can’t win in the niches

1:02:25 – The distrusted 50

1:05:00 – How he thinks about Capital Allocation and buybacks

1:11:08 – His view on international equity markets

1:13:58 – His take on the asset management business

1:19:38 – Allocation of a portfolio in between periods of conviction

1:21:08 – People that he has learned the most from

1:23:54 – How do you identify people who are capable of evolving after a rough spot

1:26:53 - How does he force himself to adapt to new conditions and evolve

1:30:31 - Thoughts in investing in cannabis industry

1:32:31 – Conditions where he would get interested in crypto currency

1:36:20 – Kindest thing anyone has done for him

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

The podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)
Episode: Jeremiah Lowin – Machine Learning in Investing – [Invest Like the Best, EP.105]
Pub date: 2018-09-25

My guest this week is one of my best and oldest friends, Jeremiah Lowin. Jeremiah has had a fascinating career, starting with advanced work in statistics before moving into the risk management field in the hedge fund world. Through his career he has studied data, risk, statistics, and machine learning—the last of which is the topic of our conversation today. 

He has now left the world of finance to found a company called Prefect, which is a framework for building data infrastructure. Prefect was inspired by observing frictions between data scientists and data engineers, and solves these problems with a functional API for defining and executing data workflows. These problems, while wonky, are ones I can relate to working in quantitative investing—and others that suffer from them out there will be nodding their heads. In full and fair disclosure, both me and my family are investors in Jeremiah’s business.

You won’t have to worry about that potential conflict of interest in today’s conversation, though, because our focus is on the deployment of machine learning technologies in the realm of investing. What I love about talking to Jeremiah is that he is an optimist and a skeptic. He loves working with new statistical learning technologies, but often thinks they are overhyped or entirely unsuited to the tasks they are being used for. We get into some deep detail on how tests are set up, the importance of data, and how the minimization of error is a guiding light in machine learning and perhaps all of human learning, too. Let’s dive in.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Show Notes

2:06 - (First Question) – What do people need to think about when considering using machine learning tools

3:19 – Types of problems that AI is perfect for

6:09 – Walking through an actual test and understanding the terminology

11:52 – Data in training: training set, test set, validation set

13:55 – The difference between machine learning and classical academic finance modelling

16:09 – What will the future of investing look like using these technologies

19:53 – The concept of stationarity

21:31 – Why you shouldn’t take for granted label formation in tests

24:12 – Ability for a model to shrug

26:13 – Hyper parameter tuning

28:16 – Categories of types of models

30:49 – Idea of a nearest neighbor or K-Means Algorithm

34:48 – Trees as the ultimate utility player in this landscape

38:00 – Features and data sets as the driver of edge in Machine Learning

40:12 – Key considerations when working through time series

42:05 – Pitfalls he has seen when folks try to build predictive market investing models

44:36 – Getting started

46:29 – Looking back at his career, what are some of the frontier vs settled applications of machine learning he has implemented

49:49 – Does intereptability matter in all of this

52:31 – How gradient decent fits into this whole picture  

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

The podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)
Episode: Cliff Asness – The Past, The Present & Future of Quant [Invest Like the Best, EP.111]
Pub date: 2018-11-13

My guest this week is Cliff Asness, the managing and founding principal at AQR Capital Management. 20 years after its founding in 1998, AQR manages $226 Billion dollars across a number of quantitatively based investing strategies. Cliff was an original quant researcher and he has long been one of the financial writers and thinkers that I look to for education and for inspiration. I distinctly remember reading one paper in particular—value and momentum everywhere—somewhat early in my career and thinking: this is the kind of research I want to do forever. You can always tell when talking to Cliff or hearing him speak that he just loves researching markets. There is a deep intellectual honesty in his work, and a respect for thinkers at different ends of the market spectrum, from Gene Fama and Ken French, to Jack Bogle, to Dick Thaler and Robert Shiller. Our conversation is about all things quant—past, present, and future. Cliff touches on many of the big issues facing quant investing and tells some great strong along the way. I hope you enjoy our discussion. Let’s dive in.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Show Notes

1:47 - (First Question) – Favorite superhero

2:43 – Why ‘Ka nama kaa lajerama’ is part of his twitter profile.

3:38 – How portfolios have shifted the way they use factors in a portfolio

10:15 – What are good questions clients are asking right now

            13:24 – Contrarian Factor Timing Is Deceptively Difficult

15:40 – Does technology impact investing strategy

22:14 – When to share information vs keep it proprietary for clients sake

26:40 – How their research process is governed

31:14 – How they will incorporate machine learning into their process

34:21 – What they will do when red flags show up

37:01 – Wackiest question from a client

41:47 – The Three Sharpe Ratio Strategy

            41:53 – Liquid Alt Ragnarök

48:10 – Does his thinking change when it comes to asset allocation vs portfolio building

            50:17 – Parallels Between the Cross-Sectional Predictability of Stock and Country Returns

            53:01 – Sin a Little

57:14 – Trends in fees and pricing

1:02:43 – Thoughts on private equity markets

1:11:03 – Common attributes of really good researchers

1:13:21 – What is he most curious about right now

1:15:43 – What excites him outside of finance

1:17:00 – How much he discusses his work with his kids

            1:18:35 – The Devil in HML’s details

1:19:36 – Kindest thing anyone has done for him

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

The podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: The Disciplined Investor (LS 55 · TOP 0.5% what is this?)
Episode: TDI Podcast: Two For The Money – Crosby and Seymour (#557)
Pub date: 2018-04-22



This week we have two great guests. First up is Daniel Crosby with a discussion about the embedded psychology of investing. We cover reasons why investors make decisions and how a shift in mental attitude can help with profits. Herd mentality and group think are important to understand to gain an edge.
Tim Seymour from Triogem Asset Management and CNBC contributor give solid insights on emerging markets. We ask Tim an important question: Where is the best valuations in the world today?


Follow @andrewhorowitz
More information available on Horowitz & Company AIRO and TDI Managed Growth Strategy

Tim Seymour has over 19 years of global and emerging markets investment experience as a hedge fund manager, trader and in capital markets, across multiple asset classes.
Seymour looks at markets with a global lens focusing on economic, political and technical analysis to shape a bottom up view towards trading and investment. Seymour’s investment approach and passion for markets has been shaped by spending significant time living abroad and investing through major market trends and transformations.
Seymour is a Co-Founder and Managing Partner at Triogem Asset Management, a hedge fund and wealth management firm formed in 2008. At Triogem, Seymour is the CIO and chairs the investment committee. Triogem’s clients are both institutional and HNW investors focused on global investment opportunities and portfolio allocation via fund investment and individual managed accounts. Triogem has traditionally employed a bottom up, low volatility approach, that emphasizes stock picking and risk adjusted returns. Prior to Triogem, Seymour was a Managing Partner and Portfolio Manager at Red Star Asset Management (Moscow, New York), where the core strategy was a low volatility, multi-strat fund investing across Russia and the CIS.
In addition, Seymour is the founder of EmergingMoney.com and a regular contributor and guest on CNBC.
Follow @timseymour

Dr. Daniel Crosby, a behavioral finance expert and sought after thought leader on market psychology, is the founder of Nocturne Capital. Dr. Crosby created the sentiment and valuation measures that serve as the overlay for Nocturne’s tactical strategy. His ideas have appeared in the Huffington Post, Think Advisor, and Risk Management, as well as columns for WealthManagement.com and Investment News.
Be sure to check out his video series –>>> HERE
Daniel was named one of Investment News “40 Under 40” and a “financial blogger you should be reading” by AARP. Daniel’s second book, “Personal Benchmark“, co-authored with Charles Widger of Brinker Capital, was a New York Times bestseller that outlines a highly personalized approach to investing that aligns intention with action while fostering an investment experience that is both enjoyable and rational.
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Podcast: The Disciplined Investor (LS 55 · TOP 0.5% what is this?)
Episode: TDI Podcast: American Business Exceptionalism (#590)
Pub date: 2018-12-02



Our guest, Arthur Herman shares some incredible stories of success that evolved through a quasi public/private partnership – before and during WW2.
Business leaders across all sectors came together with one mind, one goal – win the war. Which business leaders today could be in line to help provide that kind of participate in the future? Who were the real business heroes of WW2?
Plus we look at the latest update from the G20 meeting and delve into listener questions.

Dr. Arthur Herman (Ph.D. Johns Hopkins, 1985) is the author of nine books, including the New York Times bestselling How the Scots Invented the Modern World (2001); the Pulitzer Prize Finalist Gandhi and Churchill (2008); To Rule the Waves: How the British Navy Shaped the Modern World (nominated for the UK’s Mountbatten Prize); and the highly acclaimed Freedom’s Forge: How American Business Produced Victory in World War II, which The Economist magazine picked as one of the Best Books of 2012.
His most recent work, 1917: Lenin, Wilson, and the Birth of the New World Disorder, was published by Harper in November of 2017. His previous book, Douglas MacArthur: American Warrior, was published by Random House in June of 2016.
Educated at the University of Minnesota and Johns Hopkins University in history and classics, Dr. Herman is a frequent contributor on defense, energy, and technology issues to Commentary magazine, the New York Post, National Review, and the Wall Street Journal. He was also the first non-British citizen to be named to the Scottish Arts Council from 2007 to 2009.


Link to Passive vs. Active Investing Report
Follow @andrewhorowitz

Stocks mentioned in this episode: (GE), (DWDP), (KALU), (AMZN), (TSLA), (HSY)



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Podcast: Capital Allocators – Inside the Institutional Investment Industry (LS 57 · TOP 0.5% what is this?)
Episode: Michael Schwimer – Moneyball as an Investment Strategy (Capital Allocators, EP.72)
Pub date: 2018-10-15

Michael Schwimer is the CEO of Big League Advance, a company that makes investments in Minor League baseball players in exchange for an agreed-upon percentage of their future earnings.  Before founding BLA, Michael was a professional baseball player, working his way through the minors and reaching the majors as a pitcher for the Philadelphia Phillies.  A shoulder injury left him pondering what to do next, which led to the creation of BLA. 

Our conversation discusses Michael’s career as a player, the difficult life of Minor Leaguers, and his mission to improve their fortunes.  We discuss his passion for statistics, application of Sabremetrics, and development of a team of All-Stars in the game of sports analytics.  We close with a look into the future of BLA and Michael’s prediction for this year’s World Series Champion.  Whether his bet proves right or wrong, Michael’s rationale exemplifies second order thinking through the lens of data analytics that is never far from his mind.

Learn More

 

Discuss show and Read the Transcript

 

Join Ted's mailing list at CapitalAllocatorsPodcast.com

 

Join the Capital Allocators Forum

 

Write a review on iTunes

 

Follow Ted on twitter at @tseides

 

For more episodes go to CapitalAllocatorsPodcast.com/Podcast

The podcast and artwork embedded on this page are from Ted Seides – Allocator and Asset Management Expert, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Capital Allocators – Inside the Institutional Investment Industry (LS 57 · TOP 0.5% what is this?)
Episode: Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
Pub date: 2017-05-22

Charley Ellis is one of the most highly regarded experts in the investment business.  After spending nearly a decade as an equity research analyst in the 1960s, Charley founded financial services consulting firm Greenwich Associates in 1972 to help institutions understand what their clients think of them.  Over 50 years, Charley has worked hand in hand with nearly every major financial institution in the world and has published sixteen books on investing, including his most recent “The Index Revolution: Why Investors Should Join It Now.”

Charley is not just another preacher for index fund investing. He extols the virtues of indexing after having looked both broadly and deeply under the covers of some of the most successful active managers in the world.

Our conversation begins with a glimpse at what equity research and the structure of the markets looked like in the 1960s and the monumentally different way research is conducted and markets function today. Charley describes elegantly why indexing is a winner’s game for many, and then walks through very special and rare qualities of three of the most successful active managers over the last few decades – Vanguard, Capital Group, and Yale University.

Charley is a brilliant communicator and masterful storyteller. I hope you enjoy the show as much as I enjoyed the conversation. 

 

For more episodes, go to capitalallocatorspodcast.com/podcast Follow Ted on twitter at @tseides

The podcast and artwork embedded on this page are from Ted Seides – Allocator and Asset Management Expert, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Capital Allocators – Inside the Institutional Investment Industry (LS 57 · TOP 0.5% what is this?)
Episode: Annie Duke – Thinking More in Bets (Capital Allocators, EP.76)
Pub date: 2018-11-19

My guest on today’s show once again is Annie Duke, decision-making expert, former world-famous poker player, and author of the best seller, Thinking in Bets.  I had a chance to interview Annie at The Investment Institute’s Fall Forum in Chapel Hill, North Carolina and the live interview follows. Special thanks to Andrea Szigethy and Donna Holly, founders of the Institute, for having Annie and me down for their terrific event.

Our conversation covers the challenge of separating signal from noise in making decisions, the formation and confirmation of beliefs, forming decision groups, communicating with teams, and mistakes Annie’s advisory clients have made after reading her book.  We close with some questions from the audience and end with two great poker stories of how Annie approached being a woman in the male-dominated poker world.  Annie’s irrepressible brain was on display this time around, covering a few of the same ideas from our last conversation and some new ones with different anecdotes along the way.

Learn More

 

Discuss show and Read the Transcript

 

Join Ted's mailing list at CapitalAllocatorsPodcast.com

 

Join the Capital Allocators Forum

 

Write a review on iTunes

 

Follow Ted on twitter at @tseides

 

For more episodes go to CapitalAllocatorsPodcast.com/Podcast

The podcast and artwork embedded on this page are from Ted Seides – Allocator and Asset Management Expert, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Wall Street Unplugged - What's Really Moving These Markets (LS 56 · TOP 0.5% what is this?)
Episode: How to find great ideas before Wall Street catches on (Ep. 635)
Pub date: 2018-09-12



First and foremost… Hurricane Florence is expected to make landfall in the Carolinas on Friday. Our thoughts and prayers go out to all the families that will be impacted by this terrible event. Please be safe! Today I welcome back Chris Versace, co-founder and chief investment officer of Tematica Research. He’s an amazing stock analyst with over 20 years of experience. Chris is also a good friend. We worked together at The Street over 10 years ago. He has an incredible track record for finding great stock ideas ahead of Wall Street.   In this interview, Chris explains the easiest way for individual investors to find those ideas. He also shares several of his favorite picks… so be sure to have a pen and paper handy. Then, in my educational segment [48:26], I break down a sector most believe is dying a slow death. But fears have been blown out of proportion… giving you a great opportunity to buy these stocks at an incredibly cheap price.   Note: I suggest paying close attention to Chris Versace’s stock recommendations. The last time I interviewed a member from his team was in late June. She mentioned a stock idea that’s up about 60% in just over two months. This is just one of the expert picks we’re tracking in the Wall Street Unplugged All-Star Portfolio. To learn more about this incredible group of stock-pickers—and how to easily access their favorite ideas—.

The podcast and artwork embedded on this page are from Curzio Research, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Wall Street Unplugged - What's Really Moving These Markets (LS 56 · TOP 0.5% what is this?)
Episode: Interviewing a true investment legend (Ep. 633)
Pub date: 2018-08-29



On today’s podcast I welcome back a great friend and rare coin expert, Van Simmons. Van is internationally known and respected… and he’s been investing in rare coins since the 1970s. He helped create (PCGS), which is credited with bringing accountability to this “alternative investment class.” Van gives us an insider perspective on everything from rare coins to sports memorabilia. If you’ve never had an interest in collectibles… trust me, you will after hearing this incredible interview.   In my educational segment [106:47], I explain why now is a good time to look at diversifying your portfolio… And I share some great tips for doing so. Note: As I mentioned on today’s show, some of the most incredible stock ideas I’ve heard from my guests come out in conversations “off-air.” So I created to get you in the room while the mics are off. It’s a simple way to share behind-the-scenes intel from my network of insiders. And right now, .

The podcast and artwork embedded on this page are from Curzio Research, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: The Sherman Show (LS 46 · TOP 1% what is this?)
Episode: S4 E5 – Danielle DiMartino Booth, CEO – Quill Intelligence, The Sherman Show
Pub date: 2018-08-30

Jeffrey Sherman, DoubleLine’s Deputy CIO and Sam Lau, DoubleLine Portfolio Manager talk with Danielle DiMartino Booth, CEO and Director of Intelligence at Quill Intelligence, LLC about Wall Street, The Fed and writing her book.

Guest ... Read More

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Podcast: The Sherman Show (LS 46 · TOP 1% what is this?)
Episode: S4 E3 – Peter Schiff, Founder – SchiffGold, The Sherman Show
Pub date: 2018-08-02

Jeffrey Sherman, DoubleLine’s Deputy CIO and Sam Lau, DoubleLine Portfolio Manager talk commodities, the Fed and fiscal tenability with Peter Schiff, founder and chairman of SchiffGold

The podcast and artwork embedded on this page are from DoubleLine, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: The Sherman Show (LS 46 · TOP 1% what is this?)
Episode: S4 E4 – Jeffrey Gundlach, CEO – DoubleLine, The Sherman Show
Pub date: 2018-08-20

Jeffrey Sherman, DoubleLine’s Deputy CIO and Sam Lau, DoubleLine Portfolio Manager discuss market “truisms” with DoubleLine’s CEO, Jeffrey Gundlach

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Podcast: Wharton Business Daily (LS 40 · TOP 1.5% what is this?)
Episode: Player Analytics and The Future of Baseball
Pub date: 2018-08-23



Brandon Taubman, Senior Director of Baseball Operations and Analytics for the Houston Astros, joins hosts and Wharton Profs Cade Massey, Shane Jensen, and Adi Wyner to discuss baseball analytics initiatives affecting various areas of the Astros organization, including scouting and player development on Wharton Moneyball.

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Podcast: Wharton Business Daily (LS 40 · TOP 1.5% what is this?)
Episode: Behind the Markets with Vanguard's Liqian Ren
Pub date: 2018-07-31



Host Wesley Gray talks with Jack Vogel, CIO and CFO of Alpha Architect, and Liqian Ren, Ph.D., Portfolio Manager in the Vanguard Quantitative Equity Group, about factor funds and strategies on Behind the Markets. Wharton Professor Jeremy Siegel also gives his take on the recent market activity from last week.

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Podcast: Wharton Business Daily (LS 40 · TOP 1.5% what is this?)
Episode: Live from the Jacobs Levy Conference with Economist Robert Shiller and Harvard Prof Robin Greenwood
Pub date: 2018-09-21



Hosts Jeremy Schwartz and Wharton Prof Jeremy Siegel are LIVE from the 2018 Jacobs Levy Conference in NYC, talking with Nobel Prize winning Economist Robert Shiller, and Robin Greenwood, the George Gund Professor of Finance and Banking at Harvard Business School, about the current market landscape and the changes in the 10 years post-financial crisis on Behind the Markets.

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Podcast: The Monthly Dirtcast (LS 38 · TOP 2% what is this?)
Episode: TMD Episode 19: Tommy Thornton
Pub date: 2018-07-02

Tommy Thornton, editor of Hedge Fund Telemetry, joins Jared on the show.  Tommy has had a long career on Wall Street, going back to the days of working as an intern at Drexel Burnham Lambert.  Tommy runs Hedge Fund Telemetry, a research product for professional investors.  Jared asks Tommy about his days at Level Global and his work with Demark indicators, while Tommy turns the tables and asks Jared some pointed questions about his views on indexing.

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Podcast: Financial Advisor Success (LS 55 · TOP 0.5% what is this?)
Episode: Ep 067: The Future Of The Broker-Dealer Model As Advisor Support Without FINRA Or Products with Elliot Weissbluth
Pub date: 2018-04-10

Elliot Weissbluth is the founder and CEO of HighTower Advisors, a unique back and middle office support platform for independent advisory firms that now oversees more than $50 billion of assets under management, with nearly 600 employees. As if those numbers weren’t impressive enough, HighTower built their own data platform to house all their advisor and client data. With this unique setup, they can not only build deeper integrations between popular software programs, but they also have the option to easily swap out their software solutions if a newer best in class comes along.

In this episode, Elliot shares the details of his company’s one-of-a-kind structure with a subsidiary broker-dealer, including how the HighTower model ultimately produces significant cost savings—even at a cost of as much as 15 - 20% of a firm’s revenue. Listen in to hear Elliot's unique perspective on the industry, having built and grown his company with a very different model, as well as the inspiring story of how he coped with severe dyslexia, and ultimately turned the challenge into skills that allowed him to excel in the business world.

For show notes and more visit: https://www.kitces.com/67

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Podcast: Financial Advisor Success (LS 55 · TOP 0.5% what is this?)
Episode: Ep 089: The Truth About Advisor Marketing And The Scalable Delivery Of Financial Advice with Ric Edelman
Pub date: 2018-09-11

My guest today has built one of the largest successful advisory businesses in the country. Ric Edelman is the founder and executive chairman of Edelman Financial Services, a mega-independent RIA with more than $22 billion in AUM, with 165 advisors serving 36,000 clients across 43 office locations from coast to coast. After starting out like any other financial advisor—selling mutual funds in the 1980s as an individual advisor—Ric has spent the last thirty years ultimately building a marketing machine that brought in a whopping 45,000 prospects to his firm last year alone. In this episode, Ric shares how he grew and scaled Edelman Financial over time, as well as how his marketing of the firm has evolved over the years. Listen in to hear why he considers it the firm’s job to bring in new clients (and the role of advisors to simply service those clients), how he would do things differently if he were starting fresh today, and advice for advisors who are thinking about or actively building a practice from scratch.

For show notes and more visit: https://www.kitces.com/89

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Podcast: Financial Advisor Success (LS 55 · TOP 0.5% what is this?)
Episode: Ep 094: Crafting Your Optimal Solo Practice By Simply Charging What You're Worth with James Osborne
Pub date: 2018-10-16

Today’s guest has built a high-margin solo practice with quite an unusual structure. The founder of Bason Asset Management, James Osborne grew his advisory firm to over $225 million of AUM and nearly $400,000 of revenue by charging his clients a simple flat fee of $4,800—regardless of their assets. And he managed to do so by the age of thirty-five.

In this episode, James shares why he decided not to follow the traditional AUM model, as well as the benefits of his flat-fee approach. Listen in to learn why he chose to build a business model that fits his personal lifestyle and family goals, why he isn’t working to gain more clients and hire staff, and what he plans to do in order to maintain his high-income lifestyle practice once he reaches his personal capacity.

For show notes and more visit: https://www.kitces.com/94 

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