Have you ever thought about how financial history can impact your investment decisions?
This week on The Millionaire Next Door, Robert Curtiss speaks with Mark Higgins, CFA, CFP®, and author of “Investing in U.S. Financial History: Understanding the Past to Forecast the Future.”
Mark delves into his journey of researching and writing about US financial history and the significance of understanding the past to make informed decisions in the present financial environment. So, tune in as Rob and Mark offer valuable perspectives for investors and financial professionals alike.
Rob and Mark discuss:
The journey behind Mark’s book
The value of understanding financial history
Past financial crises and how they relate to current economic challenges
Mark J. Higgins, CFA, CFP, is an author, financial historian, and frequent contributor to Enterprising Investor. His work draws from his upcoming book, Investing in U.S. Financial History.
Before writing Investing in U.S. Financial History, Mark served as a senior investment consultant for more than 12 years. In this role, he advised the trustees of large pension plans, foundations, endowments, and insurance reserves that had aggregate assets of more than $60 billion. As a consultant, he discovered that understanding financial history proved much more valuable than tracking the latest economic data.
Process-Oriented Financial Insights For Long-term Success with Will Gibson (Ep. 47)
Do you need help to make sense of all the financial noise in the market?
Cut through the noise and learn tips and tricks to make informed investment decisions with clarity and confidence by playing this week’s episode of The Millionaire Next Door.
Listen as Will Gibson, chartered financial analyst (CFA) and research analyst at Nasdaq Dorsey Wright, joins host Robert Curtiss to navigate the world of technical analysis and trend-following strategies in investment management.
This episode offers valuable insights into leveraging data-driven decision-making and sticking to a systematic process to navigate market complexities effectively.
Rob and Will discuss:
The value of following disciplined and systematic processes in financial planning
Point figure charting for objective buy and sell signals
Leveraging technical analysis to eliminate market noise
Challenges of emotional decision-making and market timing
Will Gibson, CFA, currently works as a Research Analyst for Nasdaq Dorsey Wright (DWA), a boutique investment advisory and asset management division of Nasdaq focused on providing quantitative capital market strategies to Wall Street and professional money managers globally. He joined the team as an intern in 2018 and now produces macro technical research for the firm’s clients and Daily Market Report. Other involvements include indicator testing, adaptive modeling, and furthering the firm’s media/educational efforts.
Safeguard Your Wealth: Unraveling the Complexities of Estate Planning with April Rosenberry (Ep. 46)
How to protect your assets and legacy from potential financial abuse and undue influence?
Do you know?
In the latest edition of The Millionaire Next Door Podcast, Rob Curtiss is joined by April Rosenberry, director of estate tax and financial planning at SEIA, to explore the complexities of estate planning and the importance of comprehensive financial strategies to safeguard your wealth and loved ones.
April shares her experience and insights on upcoming tax law changes while providing valuable tips to help you navigate the intricate world of estate planning.
Rob and April discuss:
Estate planning to protect assets and prevent financial abuse
Federal estate tax laws and upcoming changes
Different estate planning documents such as wills, trusts, powers of attorney, and healthcare proxy
Financial elder abuse and undue influence in estate planning
April Rosenberry has been a tax attorney for over 25 years. With Bar licenses in California and New York, April specializes in estate planning, company structuring, and litigation. She has represented banks and corporations in court, earning recognition and numerous awards.
April excels in developing departments for companies, expanding client offerings, and managing legal teams in law firms, financial institutions, and wealth advisory firms. She earned her Bachelor of Science in Business Administration from CSUN in 1995, a Juris Doctor from California Western School of Law in 1998, and a Master of Laws in Taxation from USD School of Law in 1999.
Recognized in Modern Luxury magazine, April has received a Trifecta Award and is designated a Five Star Professional. She contributes to scholarly articles for the American Bar Association and the ACFLS Journal, in addition to speaking engagements and pro bono work for Wills for Heroes. A member of various associations, she enjoys yoga, performing arts, and traveling with her family.
Compelling Investment Opportunities in Today’s Market with Ryan Issakainen (Ep. 45)
In today’s rapidly evolving market landscape, investors are often confronted with the challenge of making informed decisions amidst a plethora of options and the noise of market fluctuations.
In this insightful episode of The Millionaire Next Door, Robert Curtiss is joined by certified financial analyst and ETF analyst at First Trust, Ryan Issakainen. Together, they jump into the intricacies of thematic investing — a strategy that can potentially offer investors a pathway to capitalize on emerging market trends.
By dissecting the impact of behavioral biases on investment choices, Ryan provides listeners with strategies to identify undervalued companies that may thrive even in light of economic downturns.
Rob and Ryan discuss:
Thematic investing and market opportunities
The composition of ETFs and the importance of quality and risk management in investment decisions
The future of infrastructure investment and the strategic shift in supply chains within the United States
Looking beyond the S&P 500 for investment opportunities
Cybersecurity as an increasingly vital investment theme
Ryan Issakainen is in his 25th year at First Trust, where he serves as the ETF Strategist.
Throughout his enduring tenure, Ryan has solidified his position as a dedicated professional committed to guiding investors through the complexities of the market. In his role, he focuses on providing insightful perspectives to help investors navigate the multitude of available choices, aiming to align ETF selections with their specific investment objectives.
With a wealth of experience, Ryan’s strategic approach involves meticulous analysis of market trends and fund performance, making him a trusted advisor. His enduring commitment to empowering investors reflects not only his financial acumen but also his genuine passion for assisting clients in realizing their financial goals within the dynamic landscape of investment opportunities. Ryan Issakainen’s journey at First Trust stands as a testament to his expertise and unwavering dedication in the ever-evolving world of finance.
Learn How Alternative Investments Can Strengthen Your Portfolio with Joe Carey, CFA® (Ep. 44)
Alternative investments are investments that only some people hear about often.
But we can change that…
With a commitment to assist clients throughout their investment journey, in this episode of The Millionaire Next Door, Robert Curtiss sits down with Joe Carey, alternative investment specialist at Signature Estate & Investment Advisors, LLC.
Rob and Joe explore the role of alternative investments in portfolio diversification, covering private equity, private credit, real estate, and hedge funds. They tackle the complexities and due diligence required in these less regulated spaces, emphasizing the importance of professional guidance.
Talking points include:
What are alternative investments
Characteristics and challenges associated with alternative investments
Benefits and risks linked to less liquid and less regulated assets
In May 2018, Joe Carey earned his Bachelor of Science Degree in Finance at Siena College, achieving the Academic Excellence Award – Finance, which is awarded annually to the graduating student with the highest program GPA.
Since graduating, he has committed to continuing his education through enrollment in the CFA Program, obtaining his charter in 2022. Currently, Joe is an Investment Officer at NYSTRS in the Investment Risk division, where he focuses on the ~$150 billion portfolio’s active risk, liquidity position, solvency during stressed markets, and asset allocation mix.
Additionally, Joe is a leading member in the development of NYSTRS’ climate risk strategy, reporting, and assessment processes.
Preserving Capital in Retirement with David Marra (Ep. 43)
Have you considered the significance of safeguarding your capital and managing risks during retirement? How does capital preservation play a role in maintaining a stable stream of income?
Join Rob Curtiss and his guest, David Marra, Co-Founder and Chief Investment Officer at Markin Asset Management, LP, as they navigate the connection between finance and technology, specifically delving into David’s expertise in quantitative investment research and machine learning.
But that’s not everything! David and Rob also explore the importance of capital preservation and effective risk management, focusing on ensuring a stable stream of retirement income.
Rob and David touch on:
David’s career and how it led to his focus on capital preservation and quantitative investment research
The importance of capital preservation leading up to retirement
David Marra is the Chief Investment Officer at Markin Asset Management, LP. David has been an invited speaker on quantitative asset management at numerous family offices, hedge funds, conferences, and organizations, including ALTSLA, NAPFA, and the Financial Planning Association (FPA).
Throughout his career, David has developed a unique ability to explain complex portfolio concepts in a language allocators can use in client communications. David previously founded a quantitative research firm serving institutional asset managers and funds. His three decades of experience include advising C-level executives at some of the world’s leading asset management and pharmaceutical firms as a Principal with The Boston Consulting Group (BCG).
Earlier in his career, he was the Founder & CEO of a search engine technology firm overseeing over 70 researchers and technologists. David received an MBA from the University of Chicago, Booth School of Business, where he was a Fellowship recipient.
From Denial to Deliberate: Planning for Life’s Final Moments with Pat Miles Zimmerman (Ep. 42)
We like to plan for education, weddings, raising children, and even retirement. But no one likes to plan for (or even talk about) the end of life.
It’s overwhelming…but also immensely important!
Join host Robert Curtiss and returning guest Pat Miles Zimmerman, author of “Before All Is Said and Done: Practical Advice on Living and Dying Well,” as they highlight the numerous challenges that follow the unexpected death of a loved one and help you plan for them — so you don’t have to learn them the hard way.
Rob and Pat explore:
The need to overcome denial of death and plan ahead, irrespective of age
Personal stories and advice from Pat’s book
The importance of attending to the details (e.g., managing passwords and subscriptions)
How an intention letter can avoid major family conflicts down the road
How to NOT leave behind a “trail of tears” for your loved ones after you’re gone
Pat Miles Zimmerman, esteemed for her professionalism by viewers, listeners, and colleagues, became one of the Minneapolis region’s premier television news anchors and radio talk hosts.
After earning her master’s degree in journalism at the University of Missouri, Pat worked in both radio and television news in Colorado before joining WCCO TV in 1978 as a reporter and weekend anchor. Her intelligent reporting and authoritative delivery soon brought her to the anchor desk of WCCO’s 5:00 PM and 10:00 PM newscasts.
She covered every major news event for WCCO TV but was most proud of A Time to Weep, her documentary on the famine in Africa. In 1990, she moved to KARE TV, where she anchored the 5:00 PM and 6:00 PM newscasts and developed A Pat Miles Special, using her writing and interviewing prowess to tell the stories of notable Minnesotans.
When she left TV news in 2001, she fulfilled a lifelong dream by becoming the host of The Pat Miles Show on weekday mornings on WCCO Radio.
A role model for women in the industry, Pat has received numerous honors for her work in broadcasting and the community, including the National Television Academy’s Silver Circle Award. She is also in the Minnesota Broadcasting Hall of Fame.
How To Save Your Way To Freedom with Tyson Ray (Ep. 41)
Join host Robert Curtiss and special guest Tyson Ray, CFP®, CExP®, and CIMA® from FORM Wealth Advisors in this eye-opening episode of The Millionaire Next Door!
Together, they unravel the lesser-known aspects of wealth management while talking about their approach to guiding individuals toward a life of choice and comfort beyond the balance sheet.
Rob and Tyson explore:
Changing the meaning of financial success to match wealth with personal goals and dreams
Moving from careful saving to spending with confidence
The value of client-advisor communication when planning for a strong financial future
The role of financial advisors when helping their clients create meaningful legacies and increasing the happiness that comes from their wealth
Key lessons from Tyson’s book “The Total Relationship”
FORM Wealth Advisors | CEO, Founding Partner, Senior Wealth Advisor
Over the past 25+ years, Tyson Ray has sought to expand his knowledge and expertise through Yale School of Management, Investment Management Theory & Practice, CIMA Certification Registration Education Program, including obtaining the Certified Investment Management Analyst® (CIMA®) Certification and through the College for Financial Planning for the CFP® Certification, including obtaining CERTIFIED FINANCIAL PLANNER™ Certification. Tyson received his Certification in Business Exit Planning to better help entrepreneurs and business owners make the transition of selling their life’s work.
Tyson has been named a 2018-2023 Forbes Best-in-State Wealth Advisor**, 2021-2023 Barron’s Top 1200*, and a 2005-2023 Chairman’s Council Advisor***. He is also a member of the Financial Planning Association of Wisconsin. He has been recognized for his many philanthropic endeavors in the community, including the Invest in Others Global Community Impact Award and REP. Magazine’s Advisor with a Heart Award for Sustainable Charity for his ongoing work with Ray’s non-profit, Children’s World Impact.
Securities through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors Inc. FORM Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Raymond James and its advisors do not provide tax advice. Form Wealth Advisors is located at 431 Geneva National Ave S, Lake Geneva, WI, 53147 and you can reach the office at 262-686-3005.
Tyson Ray was named to the 2018, 2019, 2020, 2021, 2022, and 2023 edition of the Forbes Best-In-State Wealth Advisors. Barron’s Top 1,200 Financial Advisors 2023, is based on the period from 09/30/2021 – 09/30/2022 and was released on 03/15/2023. 5,630 nominations were received and 1,200 won. Neither Raymond James nor any of its advisors pay a fee in exchange for this award. More: https://www.raymondjames.com/awarddisclosures/#2023-barrons-top-1200.
Tyson Ray was named to the 2018, 2019, 2020, 2021, 2022, and 2023 edition of the Forbes Best-In-State Wealth Advisors. 2023 Forbes Top Wealth Advisors Best-In-State, developed by Shook Research, is based on the period from 6/30/2021 to 6/30/2022 and was released on 4/4/2023. 39,007 nominations were received and 7,321 advisors won. Neither Raymond James nor any of its advisors pay a fee in exchange for this award. More: https://go.rjf.com/3KsXbF7. Please see https://www.forbes.com/best-in-state-wealth-advisors for more info.
Tyson Ray was named as a Chairman’s Council Advisor, 2005-2023. Membership is based on prior fiscal year production. Re-qualification is required annually. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of advisor’s future performance. No fee is paid in exchange for this award/rating.
The Benefits of 1031 Exchanges for Real Estate Investors with Joe Carey, CFA® (Ep. 40)
Have you heard about 1031 exchanges? Leveraging this strategy correctly could help investors sell and reinvest without facing capital gains taxes — thereby preserving wealth.
Join Robert Curtiss with guest Joe Carey, alternative investment specialist at Signature Estate & Investment Advisors, LLC, as they talk about the benefits and complexities of 1031 exchanges, a tax deferral strategy for real estate investors.
Rob and Joe discuss:
When should real estate investors consider using a 1031 exchange as a tax deferral strategy
Why would clients benefit from utilizing a 1031 exchange
What are the costs associated with different types of Delaware Statutory Trusts (DSTs)
Ways 1031 exchanges add value to long-term wealth planning
In May 2018, Joe Carey earned his Bachelor of Science Degree in Finance at Siena College, achieving the Academic Excellence Award – Finance, which is awarded annually to the graduating student with the highest program GPA.
Since graduating, he has committed to continuing his education through enrollment in the CFA Program, obtaining his charter in 2022. Currently, Joe is an Investment Officer at NYSTRS in the Investment Risk division, where he focuses on the ~$150 billion portfolio’s active risk, liquidity position, solvency during stressed markets, and asset allocation mix.
Additionally, Joe is a leading member in the development of NYSTRS’ climate risk strategy, reporting, and assessment processes.
Trust and Transparency: The Foundation of a Successful Advisor-Client Relationship with Mike Cy (Ep. 39)
Advisors, are you currently evolving your business?
What opportunities and information might your clients miss if you don’t continue growing your practice?
This week, Rob Curtiss brings back Mike Cy, a returning guest and business consultant at Pareto Systems. Rob and Mike discuss the importance of communication and building relationships with clients and explain why it is valuable to both of them.
Listen in as they touch on the value of aligning and personalizing services to their client’s unique needs while addressing all things market volatility, geopolitical tensions, and alternative investment strategies.
Rob and Mike explore:
Reasons advisors should continually evolve their financial advisory practice depending on their client’s unique needs
Client engagement as an essential financial planning component
The comprehensive role of a financial advisor beyond basic financial advice
Mike “Cy” Cajthaml Jr. has enjoyed a 14-year career in the financial services industry. Mike is a passionate and energetic leader who enjoys developing business refinement and practice management strategies and thrives on helping his clients achieve their goals.
He got his start in the industry at a large insurance marketing organization, where he consulted financial advisors across the country with product and marketing solutions for their businesses. It was during his time with this firm that he was introduced to Pareto Systems and began learning about the Pareto Process.
After six years of coaching and consulting advisers, Mike decided to become a financial advisor himself and built a practice with his father in Overland Park, KS. Together, they managed millions of dollars of assets and utilized various insurance-based products. In an incredibly competitive marketplace, Mike knew the value of creating professional contrast and began implementing many of Pareto’s processes.
