With various wealth-building advisors wanting your attention, being savvy and discerning is crucial. That's why we've enlisted the expertise of Gil Baumgarten to shed light on the fiduciary business and what sets it apart from the traditional financial advisory. Stay tuned until the end to identify what suits your needs best!
Key Takeaways To Listen For
• The truth behind the financial advisory industry
• Pros, cons, and limitations of getting a fiduciary and how it differs from regular financial advisors
• How does macroeconomics enable you to grasp investing trends
• When do you need a financial advisor?
• 3 powerful tips for individuals who want to build wealth today
Resources/Links Mentioned In This Episode
• Financial Industry Regulatory Authority (FINRA): https://www.finra.org/
• Prospect Theory: An Analysis of Decision Under Risk by Daniel Kahneman and Amos Tversky: https://www.worldscientific.com/doi/abs/10.1142/9789814417358_0006
• Warren Buffett: https://www.forbes.com/profile/warren-buffett/?sh=7e1cb43e4639
• Vanguard: https://investor.vanguard.com/corporate-portal/
• Fidelity Investments: https://www.fidelity.com/
• Charles Schwab: https://www.schwab.com/
• 2023 QAIB Study by Dalbar: https://www.dalbar.com/catalog/product/5
• FOOLISH by Gil Baumgarten
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Discover the latest and most insightful takes on pressing business issues from Gil Baumgarten himself! Don't miss out on his expert perspectives. Click on the link below to sign up for his blog for FREE: https://segmentwm.com/blog/
About Gil Baumgarten
Gil Baumgarten is a 38-year veteran of the securities and investment industry. After beginning his career at the venerable EF Hutton in the early 1980s, Gil became a top producer for UBS and Smith Barney, what is today Morgan Stanley. However, Gil found Wall Street routinely emphasized its own interests over those of the client. In 2010, Gil left the brokerage world to start Segment, a fee-only firm where the interests of the client could align with the interests of the firm. The Houston Business Journal ranks Segment among the Largest Houston-Area Wealth Management Firms.
In 2021, Gil published his first book, FOOLISH: How Investors Get Worked Up and Worked Over by the System. The best-selling book highlights the hidden problems endemic among Wall Street brokerage firms, as well as the deeply rooted self-destructive tendencies of investors, and provides investors with an actionable path forward.
Connect with Gil
• Website: https://segmentwm.com/
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