In this podcast, Chris Battaglia talks with economist and author of “Money Magic: an Economist’s Secrets to More Money, Less Risk & Better Outcomes”, Larry Kotlikoff, to discuss his innovative financial planning tools, Maxifi.com and MaximizeMySocialSecurity.com. The episode emphasizes the latest feature of the Maxifi Planner—the Roth conversion optimizer—which helps maximize lifetime discretionary spending by strategically planning Roth conversions. Larry demonstrates the tool through a detailed client scenario, illustrating the profound financial benefits of precise, economics-based planning over a lifetime.
Be sure to go to the @Advisorpedia YouTube channel to watch Larry’s presentation on the tools discussed in this episode!
In this episode, we’re joined by Nicole Morgan, recently appointed Invest in Other’s first Chief Development Officer. Invest in Others works as a nonprofit to help financial professionals support charitable causes in their communities.
Topics also discussed:
Nicole’s career journey in nonprofit fundraising.
How Invest in Others highlights and inspires the philanthropic efforts of financial advisors, impacting nearly 500,000 individuals annually through their charitable work.
The foundation’s 2025–2027 strategic plan, aiming to grow resources, provide more grants, celebrate advisors’ contributions, and increase engagement to address community challenges.
Why financial advisors play a key role in guiding clients to maximize their philanthropic impact through tools like donor-advised funds and strategies tied to the anticipated wealth transfer.
WisdomTree works to create a better way to invest, offering a leading product range that offers access to an unparalleled selection of unique and smart exposures.
Ryan Krystopowicz is the Director of Client Solutions at WisdomTree. In this episode, Ryan reveals how leveraging model portfolios can save time, enhance client satisfaction, and improve advisory efficiency
Also discussed:
Ryan Krystopowicz shares his journey from stock picking to joining WisdomTree and his passion for ETFs and model portfolios.
The misconceptions about stock picking, emphasizing the inefficiency for advisors compared to using model-based approaches.
Ryan highlights research showing that clients value expertise and often prefer advisors who leverage third-party models.
WisdomTree’s Portfolio Solutions platform, featuring portfolio consultations, CIO-managed models, and custom models for advisors.
Insights from portfolio evaluations, including issues with overconcentration and inefficiencies in equity and fixed-income allocations.
The benefits of using models for time savings, client satisfaction, and retention are emphasized, supported by research on advisor practices and client preferences.
Investors and their advisors should carefully consider the investment objectives, risks, charges and expenses of the funds included in any Model Portfolio carefully before investing. This and other information can be obtained in the Fund’s prospectus or, if available, the summary prospectus by visiting wisdomtree.com/investments for WisdomTree Funds. Visit the applicable third-party website for non-WisdomTree funds. Please read the prospectus or, if available, the summary prospectus carefully before you invest. WisdomTree Asset Management, Inc. does not endorse and is not responsible or liable for any content or other materials made available by other ETF sponsors.
There are risks associated with investing, including possible loss of principal.
For Retail Investors: WisdomTree’s Model Portfolios are not intended to constitute investment advice or investment recommendations from WisdomTree. Your investment adviser may or may not implement WisdomTree’s Model Portfolios in your account. The performance of your account may differ from the performance shown for a variety of reasons, including but not limited to: Your investment adviser, and not WisdomTree, is responsible for implementing trades in the accounts; differences in market conditions; client-imposed investment restrictions; the timing of client investments and withdrawals; fees payable; and/or other factors. WisdomTree is not responsible for determining the suitability or appropriateness of a strategy based on WisdomTree’s Model Portfolios. WisdomTree does not have investment discretion and does not place trade orders for your account. This material has been created by WisdomTree and the information included herein has not been verified by your investment adviser and may differ from information provided by your investment adviser. WisdomTree does not undertake to provide impartial investment advice or give advice in a fiduciary capacity. Further, WisdomTree receives revenue in the form of advisory fees for our exchange traded funds and management fees for our collective investment trusts.
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Mayank Goradia is the Senior Vice President and Head of Integrated Portfolio Construction Delivery at Fidelity Investments. Fidelity provides a wide range of investment and wealth management services, striving to strengthen the financial well-being of their customers and deliver better outcomes for the clients and businesses.
This episode covers the evolving role of portfolio construction and how Fidelity supports advisors with innovative and traditional products to meet their PC needs.
Topics also discussed:
Mayank shares his journey from accounting and finance to his current role at Fidelity, where he works on portfolio construction and supports advisors.
How Fidelity aids advisors with three main aspects: portfolio construction principles, institutional-quality tools, and consulting for personalized investment strategies.
Rising industry challenges, like geopolitical tensions and shifting market cycles, which have made portfolio construction more essential for advisors.
Mayank outlines Fidelity’s advisor personas (outsourcers, engineers, and customizers) and the tailored tools Fidelity offers, such as model portfolios, ETF options, and custom models to meet their specific needs.
Recent trends, including a shift to equities, increased alternative assets, and the growing use of ETFs, as well as the benefits of Fidelity’s tools for benchmarking, personalization, and consistent alignment with clients’ goals.
Fidelity Investments is an independent company, unaffiliated with Advisorpedia.
Fidelity Investments is a registered trademark of FMR LLC.
Fidelity Investments® provides investment products through Fidelity Distributors Company LLC; clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC; and institutional advisory services through Fidelity Institutional Wealth Adviser LLC.
Host Chris Battaglia interviews Elizabeth Fernando, CIO of NEST. The two discuss the history and growth of NEST, which was established in 2010 to address the lack of workplace pensions and the need for affordable retirement savings.
The podcast was recorded ahead of the Global Fiduciary Symposium which took place from November 11th to 14th in Tokyo, Japan.
Key Notes:
NEST was created following the 2008 Pensions Act which introduced auto-enrollment to ensure every employer in the UK offers a workplace pension.
The organization now manages over £43 billion in assets and serves more than 13 million members, including workers from the gig economy and self-employed individuals.
The podcast explores the possibility of introducing compulsory pension contributions, like Australia’s superannuation system, but notes the UK’s more cautious approach to enrollment.
NEST uses a sophisticated governance structure with multiple layers of oversight to ensure effective decision-making and stakeholder involvement.
The organization focuses on long-term growth in private markets, aligning with asset managers who share similar goals, avoiding large buyouts, and steering clear of performance fees.
Elizabeth also discusses NEST’s approach to impact investing, prioritizing responsible, sustainable investments that avoid harmful sectors and reflects on the lessons NEST can learn from global pension systems, particularly in Japan.
On this episode of Power Your Advice, our host, Chris Battaglia, interviews Professor Takatoshi Ito from Columbia University about the future of Japan’s asset management business. The two cover recent monetary policy changes and initiatives to attract foreign investors, strengthen corporate governance, and build a more globally connected financial hub.
The podcast comes ahead of Professor Ito’s keynote speech at the Global Fiduciary Symposium on November 12th in Tokyo, Japan.
Topics also discussed:
Professor Takatoshi Ito discusses Japan’s recent interest rate changes and their impact on the yen-dollar exchange rate.
Japan’s “Asset Management Nation” initiative aims to shift household savings from low-yield deposits to diverse global investments.
Japan is striving to attract foreign asset managers to Tokyo, enhancing its status as a financial hub.
Reforms in corporate governance have improved Japanese equity performance, drawing increased global investor interest.
Japan’s “Emerging Manager Program” (EMP) seeks to develop a more independent, innovative asset management industry.
The Government Pension Investment Fund (GPIF) faces challenges in meeting its target allocation to alternative assets, remaining at only 2%.
Professor Ito emphasizes the need for transparency in ESG and impact investing, ensuring clear goals for returns and social impact.
This episode dives into how BetaNXT’s new CEO, Bob Santella, is revolutionizing wealth management with cutting-edge data integration, personalization, and innovative tech solutions.
Topics also discussed:
Bob discusses his plans to drive innovation at BetaNXT, aiming to help clients grow their businesses by expanding product offerings and integrating advanced technology.
He highlights BetaNXT’s new DataXChange initiative with Snowflake, designed to unify data across platforms and enhance security in wealth management.
Major challenges in the wealth management industry, such as data modernization, the rise of AI, and evolving investor needs.
The conversation explores BetaNXT’s approach to personalization, allowing clients to customize and manage wealth data for a more tailored experience.
Looking to the future, Bob anticipates that AI, new investment options, and modular cloud platforms will significantly impact wealth management trends in the coming years.
Today we’re joined by the team at iCapital, a company dedicated to powering the world’s alternative investment marketplace.
We welcome Josh Freeman, Vice President of Research and Due Diligence, and James Costabile, Managing Director and Head of Alternatives Distribution.
In this episode, we explore tax-efficient strategies to help investors and advisors navigate year-end planning and manage capital gains more effectively.
Topics discussed:
Tax-efficient strategies for investors, focusing on year-end planning, managing capital gains, and using tools like 1031 exchanges and Qualified Opportunity Zones (QOZ).
iCapital connects asset managers, issuers, and wealth managers to offer alternative investments such as structured products and annuities, supporting advisors with research and expertise.
Delaware Statutory Trusts (DSTs) offer a 1031 alternative, providing passive real estate investment opportunities and reducing property management burdens for investors.
The 721 UPREIT allows investors to exchange DST ownership for REIT units, maintaining 1031 benefits but limiting further exchanges, making it ideal for long-term passive exposure.
Advisors should tailor strategies to client preferences: active owners may prefer traditional 1031s, passive owners may opt for DSTs, and passive investors could benefit from the 721 UPREIT.
QOZ funds provide tax deferral and potential tax-free gains after 10 years.
To learn more about the potential tax benefits of 1031 Exchanges and Opportunity Zones, iCapital is hosting a CE-credited webinar with Ares and Griffin Capital Wednesday, October 30th from 4-5pm ET. Register here: https://learn.icapital.com/tax-strategies-webinar
Jim Dickson is the Founding Partner and CEO of Elevation Point. Elevation Point partners with financial advisors and independent RIAs, offering strategic guidance and resources to accelerate business growth.
In this podcast, Jim and Doug discuss Elevation Point and their unique approach as an accelerator rather than an aggregator in the wealth management industry.
Topics also discussed:
Elevation Point’s offerings of minority stake partnerships to help advisors and RIAs grow without selling their entire business.
Their acquisition of Mount Yale Capital Group enables them to provide operational, compliance, and investment services, scaling faster by integrating established systems.
How they serve breakaway advisors seeking independence and RIAs who want to focus more on clients by offloading operational burdens.
Elevation Point differentiating itself as an accelerator, offering tools, technology, and services without forcing firms to change their successful models.
Future plans including more acquisitions and expanding exclusive investment opportunities through their Alt 62 platform.
Kingswood U.S. recently announced the successful partnership of the Nashville, Tennessee-based Eudaimonia Partners and Eudaimonia Advisors (Collectively known as “Eudaimonia”).
Additionally, it entered a strategic alliance with Eudaimonia Asset Management, a turnkey asset management-based RIA. The three RIAs under the Eudaimonia Group collectively represent more than $1 billion in total client assets.
To discuss this new partnership, we welcome, Mike Nessim, CEO and Managing Partner of Kingswood U.S., Jaime Golden, President of Acquisitions at Kingswood U.S., and John Goodson, Founder & Partner of Eudaimonia.
Points also covered:
The partnership representing over a billion dollars in client assets, marking a significant milestone in Kingswood’s growth strategy to scale up its RIA.
How the acquisition is larger and more complex than Kingswood’s previous ones, facilitated by established relationships and a shared advisory culture.
The partnership aligning both firms’ values and focusing on supporting financial advisors, making it an ideal fit for Kingswood’s growth strategy.
Eudaimonia’s turnkey asset management platform (TAMP) and how it provides holistic wealth management services, enhancing advisor offerings.
Both firms seeing Nashville as a key growth market, with plans to leverage their partnership for continued expansion across the Southeast and beyond.
