Our in-boxes and social media feeds have been filled with the new streaming offerings from Disney and Apple et al.  If we haven’t already, we might be compelled to cut our cable. Our monthly podcast recommendations will hopefully cause you to also turn off your radio and stream one of our recommended podcasts.

I started my career on Wall Street. Our edge was research discussed on our morning call. I still need morning information and I turn to Robinhood Snacks. Informative and funny.

I scratch my desire to learn by listening to  Pivot. The hosts are a tech journalist and a NYU professor.

Real Life
I know we are adults, but I always learn something from Mr. Rogers.  Finding Fred will remind you why we need to love more.

The car companies are on board too. Linking your phone via Bluetooth is a required option.


Don’t worry this will not be another blog on The Schwab/TD “merger”.  I will link to several of my favorite posts on the deal, but my focus will be on the impact the deal will have on clients and independent wealth management firms. Hopefully this time will be different but looking at old playbooks can help. I’ll look at the most popular plays and close with how we can write a new playbook chapter.

Cost Cutting 

Corporate legacies are made through consolidation and the ensuing cost cuts that are identified in the ivory tower board rooms. The redundant costs seem too easy to reduce. I can still remember Chainsaw Al and the press’ love affair with his “genius’. The benefits were short-lived because the beneficiaries were narrow. There was definitely fat that needed to be cut. Time has shown the fat was the benefits of corporate executives. Since they were in charge of the cost cutting they didn’t cut their friends until it was too late. Sounds like income inequality. 




The public impeachment hearings have made me think. How will me make a final decision?  My blog this week will examine how we make big decisions. It isn’t easy but the old school titles confuse more than they help. This blog focuses on Wealth Advisory decisions we all need to make. Thankfully we are not making the impeachment decision but we can learn something from the process.   We will start our journey on the numerous business models and end with an opinion I learned from my children.

Business Models
Each business model requires different titles to work at their firm. A CPA or a CFP can be table stakes for wealth advisory firms. A degree from an elite university gets you in the door on Wall Street and firms like Facebook or Google. The degrees can open the door and agitate friends who don’t want to hear again that you went to HBS. Few successful firms make decisions exclusively on your title. They will require a face to face interview. Bad news for Singer and prep schools who base…


The California Fires have been brutal.  This month's Podcast review will look at what we can do with the helpful information we receive from Podcasts.  Will we listen and implement the ideas in our business or will we disregard the advice and keep doing business as usual?  My recommendations are broken into two categories.  Hopefully we will take the podcast host's advice and evacuate our old business models.

My favorite new free podcast is Creative Processing with the actor Joseph Gordon-Levitt.  His questions could be applied to either Acting or Wealth Management.  I learn something new from the guests and the host that help me every week.


If I seem to be talking out of both sides of my mouth - I am!  Recently I decided to pay for the  Luminary podcast portal so I could listen to Making a Killing with Bethany McLean.  I LOVE the way Bethany thinks which makes me willing to pay to listen to her thoughts.  When my payment cleared I was surprised to find other great…

Life is Difficult

I was diagnosed with MS one and a half years ago.  The shocking news took a while to sink in, but the M Scott Peck quote has continued to reverberate in my head – “Life is Difficult”.  Our blog this week hopefully educates you on MS and the support that the million plus patents in the US need.  This is NOT a pity party, but it will share many items that I think we can use in our Wealth Management business as well.
Snowflake Disease
When my Dr. told me I had MS my initial reaction surprised her.  I shared that I regretted never contributing to The Jerry Lewis Labor Day Telethon.  She smiled and said that telethon is for Multiple Dystrophy not Multiple Sclerosis. I needed to do some research on MS.  I was frustrated and scared by what I found on the internet.  It seemed like everyone who had MS experienced different symptoms.  Some were in a wheelchair, but some appeared to be fine.  The internet search (SEO) put the negative symptoms at the top of our search.  My wife and family were c…

The Conch

Last week’s financial services industry news of Schwab and other brokerage firms cutting commission rates to zero reminded me of one of the two books I read in High School (no Cliff Notes).  The book, Lord of the Flies, described how a group of marooned kids organized themselves.  They utilized a shell, The Conch, to signify who could talk at their large gatherings.  The meetings were organized by Ralph who would limit the time each kid took.  This week I will discuss who has The Conch and what they are telling us to do.  I will play the role of Ralph and decide when its time to pass The Conch.
Wall Street
Wall Street has had the conch for years.  They created high margin products and “sold” them to their clients.  This structure was exposed during the Financial Crisis and opened the door for competitors to educate their clients about these conflicts of interest.  The other area Wall Street made money was supporting Hedge Funds through their Prime Brokerage unit.  This group provided …

Perfect Podcasts

Perfect conversations and Podcasts are in the eye of the beholder.  My podcasts and my children are perfect in my humble opinion.  I continue to simplify this monthly summary to organize the list and hopefully you will agree with me.  Apple has a head start with their star based rating system. Twitter followers and downloads matter too.  This month has some new items I hope you like too.

Business Podcasts
My new favorite is Naval - How to get Rich.  I've found that this podcast delivers ideas that will cause you to think and falls into my perfect podcast group.  My advice is to listen to each podcast numerous times.  Our first impression might be wrong.


We all need a break from our daily life and from academic content.  I love movies and live theater as an escape from daily life.  Drama podcasts with a good script and good actors are perfect.  My favorite is 1619.  This podcast is a double whammy.  It is moving and it educates us on the history of slavery. 

There are no perf…