Bulls, Bears, and Bowties Podcast: How to Make Intelligent Decisions About Your Wealth

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In Episode Two of CIOs & Bowties, we interview Frazer Rice, former advisor with Wilmington Trust and author of Wealth, Actually.

Listeners will learn:

[Frame 1:07] Frazer’s eclectic background, how he made the transition from politics to law to wealth management, and why it was valuable as an advisor to be both right-brained and left-brained.

[Frame 3:46] How people who came into wealth themselves vs. had it fall into their laps tend to look at saving and spending in very different ways.

[Frame 6:00] At what point does it work best to get an advisor engaged in the conversation.

[Frame 9:00] What makes a person rich? As Frazer discusses in his chapter, “Am I Rich?”, you are rich when you have enough in terms of resources to fund everything you want to do with your life, have taken care of next generations and philanthropic goals, and you feel like you don’t really have to answer to anybody else. There are other components of wealth that he discusses as well.

[Frame 11:15] “Shirtsleeves to shirtsleeves” is a common concept that resonates through many different cultures. Wealth is cultivated in the first generation, enjoyed in the second, and generally lost in the third. How families can break the cycle.

[Frame 13:36] Spousal problems and divorce can cause financial devastation. What comments and advice Frazer has about that.

[Frame 16:11] The soft skills of communication and the valuable difference it brings to the practice of investment advising in an artificial intelligence, machine reading society.

[Frame 22:13] What makes a good investment? The surprising answer is transparency.

[Frame 26:00] How to find a good investment advisor.

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Disclosures

Greg Silberman is the Chief Investment Officer of ACG Investment Management LLC (“ACGIM”). ACGIM specializes in creating custom private market solutions for RIA/Family Office clients.

This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The views and strategies described may not be suitable for all investors. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. Please note inferences made are not based on any client’s experience or an endorsement of advisory services offered through ACG Investment Management, LLC or ACG Wealth Inc. ACG Investment Management is an affiliate of ACG Wealth Inc.

PodcastSara Grillo