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The Compound Show

Real unscripted conversations about investing, from the industry's experts.

Listen in on real phone calls behind the scenes of Ritholtz Wealth Management. Featuring Josh Brown, Michael Batnick, Blair duQuesnay, Ben Carlson, and the team behind The Compound on YouTube. You can hear episodes with ... More
Latest Episode
2019-6-24

The Most Disruptive Man in Wealth Management (Josh with Shirl Penney)

Season 1, Ep. 142

Who is the most disruptive person in wealth management? It's not a robo founder. Or an index ETF CEO. Or a blogger.


In fact, it is Shirl Penney, the founder of Dynasty Financial Partners, whose platform for breakaway brokers who want to become independent advisors and own their own firms has now amassed almost $40 billion in client assets over the last ten years.


Shirl has changed the way wirehouse brokers and other captive financial advisors at large firms have looked at independence. He's built a machine that began under the radar but is now on the verge of pushing the incumbents into allowing a degree of entrepreneurial freedom that would have previously been unthinkable.


Josh and Shirl first met during the Investment News 40 Under 40 Summit the year they both made the list.


Check out this video to learn about the biggest trends in the wealth management and financial advisor business, and how Shirl is upending some of the most bedrock conventions within the industry by working harder and smarter than his competitors.


You can learn more about Dynasty's solutions for breakaway brokers who want to become advisors and launch their own firms here:


https://dynastyfinancialpartners.com/


Shirl will be giving a keynote address to the advisors in attendance at this September's inaugural Wealth/Stack conference in Scottsdale, Arizona. Details here:


https://finance.knect365.com/wealth-s...


1-click play or subscribe on your favorite podcast app

 

Subscribe to the mini podcast on iTunes or Spotify

 

Enable our Alexa skill here - "Alexa, play the Compound show!"

 

Talk to us about your portfolio or financial plan here:

http://ritholtzwealth.com/

 

Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer:

https://thereformedbroker.com/terms-and-conditions/

2019-6-24

The Most Disruptive Man in Wealth Management (Josh with Shirl Penney)

Season 1, Ep. 142

Who is the most disruptive person in wealth management? It's not a robo founder. Or an index ETF CEO. Or a blogger.


In fact, it is Shirl Penney, the founder of Dynasty Financial Partners, whose platform for breakaway brokers who want to become independent advisors and own their own firms has now amassed almost $40 billion in client assets over the last ten years.


Shirl has changed the way wirehouse brokers and other captive financial advisors at large firms have looked at independence. He's built a machine that began under the radar but is now on the verge of pushing the incumbents into allowing a degree of entrepreneurial freedom that would have previously been unthinkable.


Josh and Shirl first met during the Investment News 40 Under 40 Summit the year they both made the list.


Check out this video to learn about the biggest trends in the wealth management and financial advisor business, and how Shirl is upending some of the most bedrock conventions within the industry by working harder and smarter than his competitors.


You can learn more about Dynasty's solutions for breakaway brokers who want to become advisors and launch their own firms here:


https://dynastyfinancialpartners.com/


Shirl will be giving a keynote address to the advisors in attendance at this September's inaugural Wealth/Stack conference in Scottsdale, Arizona. Details here:


https://finance.knect365.com/wealth-s...


1-click play or subscribe on your favorite podcast app

 

Subscribe to the mini podcast on iTunes or Spotify

 

Enable our Alexa skill here - "Alexa, play the Compound show!"

 

Talk to us about your portfolio or financial plan here:

http://ritholtzwealth.com/

 

Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer:

https://thereformedbroker.com/terms-and-conditions/

2019-6-10

How the Financial Advice Industry is Changing (Tadas with Cullen Roche)

Season 1, Ep. 139

“This is going to be life and death for many advisors. Legacy firms with massive overhead and fixed high fee AUM structures will struggle to compete with the coming change in fee structures. Firms that are able to move to a leaner and more tech based platform will outperform as they make up for lost revenue with fatter margins.”


Cullen Roche who blogs at Pragmatic Capitalism has been a mainstay of the financial blogsophere for over ten years now. Tadas got Cullen on the phone to talk about a recent post of his entitled “How the Fee Structure of Financial Advisory Will Change in the Future” where he talks about the significant changes facing the wealth management industry..


You can read more about Cullen’s at his blog Pragmatic Capitalism:

https://www.pragcap.com/how-will-the-fee-structure-of-financial-advisory-change-in-the-future/


Enable our Alexa skill here - "Alexa, play the Compound show!"

https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ


Talk to us about your portfolio or financial plan here:

https://ritholtzwealth.com/


Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you.

https://thereformedbroker.com/terms-and-conditions/

2019-6-7

The New Way To Invest In Emerging Markets (with Josh and Perth Tolle)

Season 1, Ep. 138

Josh here - my friend Perth Tolle has been hustling and grinding harder than almost anyone I know on The Street these past few years - first, with the launch of her proprietary Life + Liberty Indexes and now with the first ETF based on her ideas. 


Perth believes, as I do, that countries with a strong rule of law and respect for both civil and human rights will make for better long term investments than countries that are lacking in these areas. 


The long term performance of the US, UK and Australian stock markets prove this. Where there is fairness and happiness, there is money to be made. Where there is repression and corruption, there is money to be lost. 


Perth's ETF is an index fund holding emerging markets stocks but it weights the portfolio based on her quantitative ranking of each EM country, rather than based on the companies' market capitalization, as most index funds are currently invested. 


Before taking any investment action or trading any fund, everyone should read the prospectus and understand the potential risks. You can find the relevant disclosures and details here:

https://etfsite.alphaarchitect.com/frdm/


1-click play or subscribe on your favorite podcast app

 

Subscribe to the mini podcast on iTunes or Spotify

 

Enable our Alexa skill here - "Alexa, play the Compound show!"

 

Talk to us about your portfolio or financial plan here:

http://ritholtzwealth.com/

 

Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer:

https://thereformedbroker.com/terms-and-conditions/


2019-6-5

Why Diversification Works in Life and Market (Tadas with Dr. Brett)

Season 1, Ep. 136

“How balanced is your life portfolio? If one area of your life were to not work out, how vulnerable would you be? When is the last time you rebalanced your life's portfolio? When have you last expanded your life portfolio?”


Dr. Brett Steenbarger is a trained psychologist, trading coach, author and blogger at TraderFeed. Tadas got Dr. Brett on the phone to talk about a recent post of his entitled “Why Diversification Works in Life and Markets” where he discusses the importance of having a diversified life portfolio to offset some of life’s inevitable ups and downs.


You can read more about Dr. Brett at his blog TraderFeed and Forbes:

https://www.forbes.com/sites/brettsteenbarger/2019/05/27/why-diversification-works-in-life-and-markets/


Enable our Alexa skill here - "Alexa, play the Compound show!"

https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ


Talk to us about your portfolio or financial plan here:

https://ritholtzwealth.com/


Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you.

https://thereformedbroker.com/terms-and-conditions/