Know Your Options: The Measured Risk Podcast

In this episode, Bernard Surovsky and Larry Kriesmer speak with Dan Passarelli, a highly respected options trader, and educator who has built a comprehensive curriculum in options trading from his extensive experience in the industry. Starting his career by knocking on doors at the Chicago Board of Trade, he eventually became a market maker, gaining invaluable experience on the trading floor. Passarelli's curriculum covers everything from the basics of options trading to more advanced strategies such as covered calls, cash-secured puts, and an earnings trading system. He believes in the "smart income system," which emphasizes the importance of planning and strategy, and sees options trading as a way to give back and help individual traders.   Dan Passarelli is the Founder and CEO of Market Taker Mentoring, a leading option-trading education firm that provides online options training, newsletters, and personalized one-on-one coaching for options traders. He has trained over 100,000 traders in 50+ countries—many who have seen results good enough to become full-time pro traders. After beginning his trading career on the floor of the CBOE as an equity options market maker, Dan joined the company’s Options Institute and began teaching both basic and advanced trading concepts to traders, brokers, money managers, and market makers. In addition to his work with the CBOE, he has been an invited speaker and taught options strategies at the OIC, ISE, CME Group, Shanghai Futures Exchange, and many leading options-based brokerage firms—both nationally and abroad. Dan has a passion for sharing his knowledge and expertise in options trading, and he has authored two high-selling option-trading books, Trading Option Greeks and The Market Taker’s Edge. He is a frequent contributor to Bloomberg Business Television, FOX Business News, The TD Ameritrade Network, The Street, and CBOE TV; he is a resource to print journalists on markets, trading, and investing; and he shares trading strategies in well-attended online webinars.   Whatyou’ll learn about in this episode: - Get acquainted with the "smart income system," involving covered calls and cash-secured puts, and learn how to implement these strategies effectively to enhance your income potential. - Dive into more sophisticated strategies like credit and time spreads, including iron condors, and understand how to use them effectively. - Learn how technological advancements in electronic trading have reshaped the landscape and how you can adapt to these changes for more efficient trading.   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

R. J. Kelly is the Founder and Chief Visionary Officer of Wealth Legacy Group®, Inc. in San Diego, California, a company specializing in the diverse needs of closely held business and professional families. Creator of the Critical Actions Roadmap™, R. J. and the WLG “tribe” develop comprehensive plans that maximize investment and asset growth, mitigate risk, create clarity in family legacy & issues of philanthropy, and facilitate business succession and exit strategies. He also Co-Founded and was Program Manager for twelve years of the non-profit, The Center for Wealth & Legacy™, an organization which presented over fifty community events, including the annual “Lasting Legacy & Inspiration Awards™” and the tri-annual “Leadership Insights Forum™”.   R. J. has been in the financial services industry since 1977. He is a Chartered Life Underwriter®, Chartered Financial Consultant®, Retirement Income Certified Professional®, a Chartered Advisor in Philanthropy®, has a master’s in financial services with an emphasis in taxation, and is an Investment Advisor Representative of Wealth Legacy Group®, Inc., an independent Registered Investment Advisor. Additionally, he has earned the Accredited Estate Planner (AEP®) designation, recognizing a graduate-level specialization in estate planning, and the Certified Exit Planning Advisor designation, an executive MBA-style program that trains and certifies qualified professional advisors in the field of exit planning for business owners. R. J.’s latest education is the Wealth Management Certified Professional designation, which provides training in the intersection of retirement planning and wealth management skills to address the complex needs of financially successful clients. What you’ll learn about in this episode:   Discover the vital role of tax mitigation strategies in achieving financial success. Learn how to plan for future generations and philanthropic endeavors while navigating the intricacies of taxes and financial planning. Explore how assets held in trusts offer robust protection against creditors, divorce, and excessive taxation. Uncover the art of strategic philanthropy and its ability to both reduce tax burdens and support causes close to your heart. Delve into the debate of AI versus human advisors, and why human expertise remains indispensable, especially for those on a budget. Gain insights into the core mission of financial professionals—to untangle complex financial issues and secure your financial future.   Guest Resources: https://wealthlegacygroup.com https://www.linkedin.com/in/wealthlegacygroup/ https://twitter.com/WealthLegacyGrp https://www.youtube.com/channel/UCr0BcxBgvQSxvo1wVaJgFLw https://www.facebook.com/WealthLegacyGroupInc   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, hosts Bernard Surovsky and Larry Kriesmer interview Matt Page, a financial planner at Lucas Group Financial Partners in Sacramento, California. In this episode, they explore topics such as anticipating clients' cash flow needs, the evolution of investment products, and the challenges the bond market faces. The hosts also touch on industry improvements, marketing strategies, and the importance of understanding clients' psychological and emotional needs. Matt's prediction that stocks will perform well over the long term is just the cherry on top.   Matt Page is a Partner at Lucas Group Financial Planners, Inc., which has been providing financial planning and wealth management services to clients for over 40 years. Matt is aCertified Financial Planner with more than two decades of experience. Throughout this time, he has shown his commitment to offering a high level of service and actionable insights to clients about their finances.   What you’ll learn about in this episode: • How comprehensive financial planning involves fitting all the pieces of a client's financial life together based on their goals and needs. • Why asset allocation strategy should consider clients' cash flow needs and adjust investments accordingly. • How building relationships and understanding the psychology of financial planning are crucial in serving clients effectively.   Matt Page Resources: https://lucasplanners.com https://facebook.com/twentyoverten https://twitter.com/twentyoverten https://instagram.com/twentyoverten   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer interviewed Fernando Reyes, a financial advisor at EP Wealth Advisors. Reyes shares his journey from banking to financial advising, discussing his early career, his transition to EP Wealth Advisors, and his approach to financial planning. He emphasizes the importance of trust in client relationships and proactive planning for potential challenges. Reyes also discusses his firm's investment strategy and his focus on behavioral finance.    As a wealth advisor, Fernando is eager to maintain strong and healthy relationships with his clients while leveraging complex wealth strategies designed to achieve their financial goals. Most recently, he has focused on structuring and presenting financial plans to cover topics such as cash flow, investment analysis, wealth transfer planning, estate planning solutions, business succession, tax planning, and asset protection. He has worked previously for Wells Fargo, City National Bank, and MUFG Union Bank, compiling much knowledge and experience over the years. Fernando received his MBA with a specialization in finance from Cal State Long Beach. He holds the CERTIFIED FINANCIAL PLANNER™ designation.   What you’ll learn about in this episode: -       Learn essential strategies and approaches newcomers to the banking sector should adopt, such as building trust, identifying opportunities, and overcoming common challenges. -       Understand the importance of a proactive and foresightful approach to financial planning. -       Discover the significance of behavioral finance in helping clients make informed and rational financial decisions.   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Justin Neuberg, managing partner and co-manager at Convergence Investment Partners, LLC. Justin shares his journey from the dot-com boom to the financial services industry, emphasizing his appreciation for Convergence’s systematic approach to stock selection. He explains the factors used in their stock selection process, including earnings and sales momentum. Justin also discusses their scoring methodologies, portfolio weighting, and risk management strategies. He touches on the impact of technology in the financial services industry, mentioning that while it has made specific strategies easier, he doesn't see any immediate game-changing technologies.   Justin Neuberg is a managing partner and co-manager at Convergence Investment Partners, LLC, for all the firm’s products. He joined the firm in 2013 and is actively involved in the day-to-day research, monitoring, and management of each of the investment products at Convergence. Justin oversees the ongoing research of factor effectiveness, portfolio exposures, and the empirical results for the company’s fundamentally based products. In addition, Justin focuses on risk assessment and risk management for various portfolio strategies. Justin has an extensive background in investment analytics and investment research. He has worked in financial services since 2002. Prior to joining the firm, Justin was an analyst and portfolio strategist at Mariner Wealth Advisors and CBIZ Wealth Management. During these years, he worked to develop a bond issuer scoring system that ranked over 400 corporate issuers on real-time financial statistics. Mr. Neuberg also developed a quantitative scoring system to rank global equity offerings based on company-specific metrics for an Equity Income product as the product’s lead analyst. Justin is a CFA charterholder with a bachelor’s degree in physics from the University of Virginia and an MBA (finance) from Georgetown University. He is also a member of the Chartered Financial Analyst Society of San Diego.   What you’ll learn about in this episode: -       Unlock the 15 crucial factors Convergence uses to pick winning stocks. -       Invaluable insights on sidestepping common risks in-stock selection. -       Get a behind-the-scenes look at how top firms rank stocks. -       Discover the art and science behind Convergence's portfolio weighting strategies. Learn how they maximize returns while minimizing risks. -       Learn how technology is reshaping finance - find out what's just hype and where the real future opportunities lie.   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer speak with Van Carlson, CEO and founder of SRA, to discuss captive insurance and the 831(b) tax code. Van explains that captive insurance is a risk mitigation tool that allows business owners to deduct and defer income for management purposes. He discusses the different types of captives and gives examples of businesses using captives for self-insurance. Van Carlson is the Founder & CEO at SRA and has over twenty-five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market. What you’ll learn about in this episode: - Discover how Captive Insurance, utilizing the 831(b) tax code, offers business owners a unique opportunity to manage income while effectively mitigating risks strategically. - Explore how Captive Insurance goes beyond tax benefits, allowing businesses to self-insure across various industries safeguarding against unforeseen events like the COVID-19 pandemic. - Gain insights into the current challenges within the insurance market, including policy exclusions and legal disputes. Guest Resources: https://www.831b.com/team/ https://www.linkedin.com/company/sra-831b https://vimeo.com/831b https://www.youtube.com/channel/UC8QJwR1FlAzdAgmC8UYsnWg https://www.facebook.com/SRA831b/ https://www.instagram.com/sra831b/ https://twitter.com/SRA831b   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer speak with Jeremy Wallace, the founder of Wallace Hart, a financial firm. They discuss Jeremy's background in the financial services industry and his decision to start his own firm. They also talk about their experiences with the market and their investment strategies. Jeremy shares the launch of the Wallace Hart Momentum Fund, a hedge fund that takes advantage of market movements. They also discuss the importance of technology in their practice and the need for financial literacy. Jeremy mentions his firm's philanthropic efforts and their support for technical workers.   Jeremy has nearly two decades of experience. He has worked at UBS Financial Services and Merrill Lynch. With a degree in International Economics from Emory University, and a certificate in Financial Planning, Jeremy has opened his own firm to offer independent and comprehensive advice to his clients. In his free time, he enjoys spending time with his wife, Julie, and their three children, Isabel, Lincoln and Reid. He is an avid Chicago Cubs baseball fan and enjoys golfing with his wife and traveling with his family.   What you’ll learn about in this episode:   ·      The concept of the "perfect investment" and the importance of considering alternatives. ·      Focus on long-term investment performance rather than short-term fluctuations. ·      Financial advisors aim to help clients achieve long-term goals and manage risk, particularly for clients with limited capital or experience. ·      The use of technology tools and a commitment to philanthropy reflect the modern values and responsibilities of financial firms.   Guest Resources: https://wallacehart.com   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

R. J. Kelly is the Founder and Chief Visionary Officer of Wealth Legacy Group®, Inc. in San Diego, California, a company specializing in the diverse needs of closely held business and professional families. Creator of the Critical Actions Roadmap™, R. J. and the WLG “tribe” develop comprehensive plans that maximize investment and asset growth, mitigate risk, create clarity in family legacy & issues of philanthropy, and facilitate business succession and exit strategies. He also Co-Founded and was Program Manager for twelve years of the non-profit, The Center for Wealth & Legacy™, an organization which presented over fifty community events, including the annual “Lasting Legacy & Inspiration Awards™” and the tri-annual “Leadership Insights Forum™”.   R. J. has been in the financial services industry since 1977. He is a Chartered Life Underwriter®, Chartered Financial Consultant®, Retirement Income Certified Professional®, a Chartered Advisor in Philanthropy®, has a master’s in financial services with an emphasis in taxation, and is an Investment Advisor Representative of Wealth Legacy Group®, Inc., an independent Registered Investment Advisor. Additionally, he has earned the Accredited Estate Planner (AEP®) designation, recognizing a graduate-level specialization in estate planning, and the Certified Exit Planning Advisor designation, an executive MBA-style program that trains and certifies qualified professional advisors in the field of exit planning for business owners. R. J.’s latest education is the Wealth Management Certified Professional designation, which provides training in the intersection of retirement planning and wealth management skills to address the complex needs of financially successful clients. What you’ll learn about in this episode: Discover the vital role of tax mitigation strategies in achieving financial success. Learn how to plan for future generations and philanthropic endeavors while navigating the intricacies of taxes and financial planning. Explore how assets held in trusts offer robust protection against creditors, divorce, and excessive taxation. Uncover the art of strategic philanthropy and its ability to both reduce tax burdens and support causes close to your heart. Delve into the debate of AI versus human advisors, and why human expertise remains indispensable, especially for those on a budget. Gain insights into the core mission of financial professionals—to untangle complex financial issues and secure your financial future.   Guest Resources: https://wealthlegacygroup.com https://www.linkedin.com/in/wealthlegacygroup/ https://twitter.com/WealthLegacyGrp https://www.youtube.com/channel/UCr0BcxBgvQSxvo1wVaJgFLw https://www.facebook.com/WealthLegacyGroupInc   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Ami Kassar, the founder of Multi Funding and author of "The Growth Dilemma." They discuss the importance of funding expertise for registered investment advisors (RIAs) and their clients, particularly in the context of acquisitions and mergers in the RIA space. Ami shares insights on alternative debt market options and the benefits of Small Business Administration (SBA) loans for business acquisitions. The conversation also covers the appraisal process, finding the right bank for financing needs, risk profiles in entrepreneurship, personal guarantees, and the dangers of high-interest loans.   Ami Kassar, founder and CEO of MultiFunding and author of The Growth Dilemma, has earned a national reputation as a thought leader in business finance. An in-demand speaker and trusted advisor to growth-focused business leaders, Ami has helped thousands of business owners achieve ambitious growth goals through creative and personalized funding solutions. His work has helped create tens of thousands of jobs. For more than 20 years, Ami has challenged executives to think differently about how they capitalize growth. Regularly featured in national media including The New York Times, Huffington Post, The Wall Street Journal, Entrepreneur, Forbes and Fox Business News, Ami also wrote a weekly column for Inc. Magazine. He has advised the White House, the Federal Reserve Bank and the Treasury Department on credit markets. Ami regularly speaks at corporate, academic and industry events on topics including entrepreneurship and access to capital.   What you’ll learn about in this episode:   ·      SBA loans offer an attractive option for entrepreneurs looking to finance business acquisitions, with low down payments and extended loan terms, making them a powerful tool for growth. ·      Having a well-crafted business plan and a clear strategy for fund utilization is essential for successful borrowing, especially in the context of complex financial deals. ·      Why the right financial institution is crucial, as different banks have varying credit boxes and products. ·      How businesses vary in their risk profiles and aspirations, and it's essential to define how big you want your business to be and how much risk you're willing to take for successful growth. ·      Personal guarantees play a critical role in securing business loans, and entrepreneurs should be cautious about high-interest, short-term loans that can lead to debt traps.   Guest Resources: https://www.multifunding.com/   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Dr. Fred Saide. Fred shares his background, starting as a teacher before transitioning into consulting and eventually specializing in retirement planning. He emphasizes giving back to the community and discusses his approach to working with clients. The conversation also covers risk assessment, back-tested models, and the use of options in investment strategies. Fred expresses his belief in the value of options and shares his wish for improved financial literacy and retirement funding.   Dr. Saide is a frequent speaker and published newspaper columnist on subjects including Social Security, IRAs, 401k’s, retirement plans, strategic (income) tax planning, and estate planning with retirement assets, longevity, and educating clients. His expertise has been well sought after, as he has been published in USA Today and Gannet Media. Additionally, he has been interviewed by countless financial publications and has ghost written for multiple financial websites. He does a weekly radio program, and a weekly podcast, and a weekly videocast on educational topics of interest to pre and post-retirees. After graduating from Duke University, where Dr. Saide earned his Ph.D., MA, MBA, and his BA from Adelphi University. He earned a second Ph.D. by state examination in Germany. He went on to earn certificates for studies at Purdue University, the American College of Financial Services, and Fairleigh Dickinson University.   What you’ll learn about in this episode: ·      The approach involves crafting tailored financial plans for analytical clients by emphasizing research-driven insights. ·      Distinguishing between risk and volatility, the episode underscores genuine risk assessment as a key factor. ·      Realistic scenario planning effectively manages risk by evaluating portfolio performance in diverse conditions. ·      Addressing the common concern of retirement savings, the approach involves calculators and thorough analysis. ·      Strategic integration of options into asset allocation strategies is showcased to achieve specific investment objectives.   Guest Resources: https://facebook.com/fredericksaide https://linkedin.com/fredericksaide https://moneymattersusa.net https://foundationisnruanceservices.com https://redlightonthedashboard.com https://retrementincomeconenction.com   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome special guest Paul Lim, a San Diego Financial Literacy Foundation board advisor. Paul emphasizes the importance of financial literacy and shares his passion for demystifying financial concepts to empower individuals to make wise financial decisions. He discusses his work with the foundation, including in-person financial opportunity clinics for underserved communities. Paul also talks about the challenges of back-tested financial data and the need for skepticism.   Paul S. Lim, CRPC®, CFP® is a CERTIFIED FINANCIAL PLANNERTMProfessional with The Wealth Consulting Group.  He graduated from Johns Hopkins University with a Bachelor’s Degree in Economics and has been recognized throughout his career for both his professional achievements and outstanding community service in the Greater San Diego Area. His dedication to achieving both personal and professional excellence began early on as evidenced by his being named a “30 Under 30 – San Diego County Leader” by Patch San Diego.  In addition to accolades received from both the United States Congress and California State Senate, Paul was the San Diego Chapter President for the National Association of Asian American Professionals (NAAAP): the oldest, largest and fastest-growing Pan-Asian professional organization with chapters in 28 major metropolitan cities across North America. He has been featured as a guest and subject matter expert on numerous radio shows and podcasts including NPR’s Midday Edition. Paul currently serves as a Board Member for the San Diego Financial Literacy Center (SDFLC), a 501(c)(3) nonprofit organization dedicated to delivering financial education and debt management services to the public.             What you’ll learn about in this episode:   ·      Providing essential financial information is vital, as even well-educated individuals often need help with basic financial concepts.   ·      Using analogies to explain complex financial concepts helps bridge the gap between the unfamiliar and the known.   ·      Distinguishing true experts from marketing-savvy individuals is essential; building a network and gaining foundational knowledge are valuable steps.   ·      Approaching financial data with skepticism is essential due to inherent biases and potential manipulation, requiring a deep understanding of underlying mechanics.   ·      Financial literacy programs, including clinics and initiatives like "Boost for Our Heroes," are crucial in educating underserved populations.     Guest Resources: https://www.lpl.com https://www.facebook.com/lplfinancialllc/ https://www.linkedin.com/company/lpl-financial https://www.twitter.com/LPL https://www.youtube.com/user/lplfinancialllc https://www.instagram.com/lpl_financial/   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer talk to Rory Henry, Director at AFO Wealth Management and Arrow Root Family Office. Rory is passionate about helping people uncover what matters most to them to live a meaningful life. He believes that values shape goals, goals shape behaviors, and behaviors reflect values.   Rory Henry, CFP® and Behavioral Financial Advisor BFA™, is director at Arrowroot Family Office and co-founder of AFO Wealth Management Forward. Author of the forthcoming book, Holistic Guide to Wealth Management, he has been in the tax and financial advisory profession for nearly two decades and has created a program to help accounting professionals incorporate holistic wealth management and proactive planning services into their practice. He hosts the AFO Wealth Management Forward podcast, featuring interviews with guests from The Wall Street Journal, Forbes, Fortune, Accounting Today, CPA Trendlines, and nationally recognized accounting and wealth management thought leaders. Outside work, Rory is an avid sports fan, plays golf, and enjoys performing improv at comedy theaters throughout Los Angeles.    What you’ll learn about in this episode:   ·      How understanding personal values is essential for shaping financial goals and behaviors leads to a more meaningful and purposeful life.   ·      The importance of understanding the emotional and psychological dimensions of money, and how financial therapy can assist individuals in revealing their deeper connections to money and its meaning.   ·      How collaboration between CPAs and wealth management firms offers clients a holistic approach to financial planning, combining technical expertise with behavioral insights.   ·      Ways to apply insights from behavioral finance to help individuals make better financial decisions based on understanding their behavior and biases.   ·      Why CPAs should focus on developing communication and relationship-building skills to provide more value to clients and transition from time-based to value-based pricing models.   Guest Resources: https://wealthmanagementforward.com https://twitter.com/WealthManagem19 https://www.linkedin.com/company/wealth-management-forward/mycompany/ https://anchor.fm/arrowrootfamilyoffice https://www.youtube.com/channel/UC8Pt97Gz9QNQmr_GhlNkXFg   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Michael Clanin. They explore strategies to protect assets and plan for retirement, such as using tax-deferred income, annuities, and investing in companies that provide basic human needs. Risk management is highlighted as a critical factor in creating a secure financial future, and rising interest rates are discussed as a potential benefit of investments. Individuals are encouraged to consider fees and other costs when investing in annuities and to prioritize cash flow and security. With the correct information and guidance, individuals can make informed decisions to achieve their retirement goals.   Michael has been a Retirement Planning Professional for over 20 years, guiding his clients on various retirement planning strategies, which include tax efficient Income planning, wealth management, legacy planning, Medicare, and Social Security maximization. As a Certified Financial Fiduciary®, Michael is committed to delivering outstanding professional service to his clients with a focus on honesty and integrity. He takes great pride in helping his clients prepare to achieve their retirement goals while establishing everlasting relationships. This is one of the many reasons he is highly sought within his community Michael’s practice is focused on providing safe solutions to help reduce market volatility, establish reliable retirement income and provide the peace of mind that comes with having a secure retirement plan. Michael was a former educator, so his natural approach when working with clients is through guidance and educating. When he is not in the office or meeting with clients, you will find him enjoying time with his family, traveling, hiking, biking, or simply relaxing, reading one of his favorite novels.   What you’ll learn about in this episode: ·      Learn how to navigate investment risks and shield your retirement savings effectively. ·      Discover how annuities ensure a stable income throughout retirement, providing financial security. ·      Uncover the power of tailoring investments to your risk tolerance, empowering you to take charge of your financial future. ·      Gain insights into transparent financial advisor compensation, fostering an open and trustworthy advisory relationship. ·      Explore strategies that combat inflation, preserving your wealth through diversified dividend portfolios and risk-shifting methods.   Guest Resources: https://safemoney.com/iowa/507-michael-clanin/   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer talk about the importance of resilience and perseverance for young advisors in the financial planning industry with Benaiah Gorman. They discuss the power of networking and mentorship, the necessity of financial planning education, the specialized 1031 Exchange Expertise, and the concept of failing small and often to encourage risk-taking and learning from mistakes. This episode is essential for young advisors to master the complexities of the financial planning industry.   Benaiah is a Lead Advisor for BMSS Wesson Wealth Management, a firm based in Birmingham, AL that since its inception in 2016 has grown from 0 in assets to over $450 Million. Benaiah works with 1st and 2nd generation clients (Ages 16 to 81), focusing on family dynamics and private alternative assets.   What you’ll learn about in this episode:   ·      The importance of adaptability and persistence in the industry. ·      The value of effective communication, relatability, and genuine client interactions in building expertise and trust. ·      How the financial planning field requires a self-starter attitude, a likable personality, and strong networking skills to navigate its diverse sectors and achieve success. ·      Why learning from small failures, avoiding major mistakes, and maintaining a long-term focus is crucial in an industry characterized by market volatility and complex decision-making.   Guest Resources: http://bmsswesson.com https://www.linkedin.com/in/benaiah-gorman-cfp®-500708107/   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard and Larry had a conversation with Doug Herring and delve into the critical strategies of asset allocation, diversification, and insurance products to safeguard investments from significant losses. They discuss the advantages and limitations of various approaches, such as buffered ETFs, and share insights on managing risk based on clients' risk tolerance and retirement goals. The episode emphasizes the importance of education and understanding complex financial instruments like options while recognizing that no strategy is foolproof.   Doug Hering is a fee based financial planner in Colorado Springs, who loves to work with clients to develop a road map for creating their financial dreams. He spent almost forty years in accounting at all levels, including as the CFO of a 500 employee organization. After a bout with cancer a few years ago, he decided to pursue professionally what he had been doing for friends for the past few decades, that is assist the average person with financial information and advice. In doing so, he realized that few people are equipped to be Do It Yourself investors, and is now helping educate them and walk them through the planning process.    Doug was an avid age group athlete prior to his multiple myeloma treatment and still plays as much as he can. He enjoys the Colorado outdoors with his wife Marianne. He also lives vicariously through his daughter who is the first American woman to play professional Australian Rules Football in Melbourne, Australia. He also has two sons, one pursuing engineering, the other a talented artist and singer.  What you’ll learn about in this episode:   ·      Asset allocation, diversification, and insurance products are essential for protecting investments from substantial losses. ·      Consider a client's risk tolerance and retirement date when building a portfolio, using hedged or buffer ETFs for downside protection. ·      Why gold may not be an effective hedge in certain market conditions. ·      How to prepare for losses and volatility by implementing risk management strategies, like a 30% buffer with a cap on earnings. ·      Reasons advisors and investors should educate themselves about complex financial instruments like options.   Guest Resources: https://moneyconcepts.com   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard and Larry had a fascinating conversation with Urban Adams, an advisor with Dynamic Wealth Advisors, about his experience in the industry. Urban has been in the industry since the Y2K event and has seen the tech bubble burst, which led Bernard and Larry to look for different solutions to wealth management. Urban has a hands-on approach to his practice, offering house calls to clients in the Phoenix area and providing personalized service, such as helping them replace their cell phones. Bernard and Larry discussed their worries and concerns for their clients and the profession, but they believe in the process that allows them to sleep well at night.   Urban is a veteran of over 20 years in the financial services industry. He joined Dynamic Wealth Advisors in 2012. In addition to building his advisory practice, he served in various roles, including Advisor Transitions, Practice Management, and Recruiting. More recently, Urban works with clients nationwide for his advisory practice and consults with other advisors.   What you’ll learn about in this episode:   Why personalized service is a crucial aspect of a successful financial advisor's practice. Adopting AI technology and improving websites to attract more traffic and clients. The importance of having a team of professionals to support clients' financial needs.   Guest Resources: https://www.urbanadams.com https://www.linkedin.com/in/urban-adams-9756b5a https://www.facebook.com/103522154355440   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard and Larry were interviewed on ReLAWtionship with Candise Shanbron and Justin Cernitz. Bernard and Larry have a successful 15-year business partnership. Candise Shanbron and Justin Cernitz discussed the importance of trust, communication, understanding the intent of decisions, and focusing on each partner's core excellence. Measured Risk Portfolios is a financial technology firm specializing in creating custom investment solutions for institutional clients, and its website offers a comprehensive risk management solution. They have developed a portfolio-building strategy that requires 10-15% of the portfolio to be at risk and offers downside protection and a strong participation rate in the market's movement.   Justin Cernitz and Candise Shanbron are a remarkable couple who wear multiple hats professionally and personally. They bring a wealth of legal expertise as partners in their successful law firm. But they don't stop there—Justin and Candise are also the hosts of the hilarious and relatable podcast, ReLAWtionship.   On ReLAWtionship, Justin and Candise offer a fresh perspective on maintaining strong relationships while navigating the complexities of the business world. With their witty banter and charming chemistry, they provide insightful discussions that cover everything from love and life to law and entrepreneurship. Each episode features candid conversations with partners—whether in life, business, or both—who share their experiences and offer practical advice on balancing personal and professional lives.   What you’ll learn about in this episode: Measuring Risk through Advanced Analytics Effective Diversification During Abnormal Markets Challenges of Passive Investing & Dealing with Client Panic Acquiring Measured Risk Product for Investment Portfolio Low-risk, high-reward investment strategy Effective teamwork with different skill sets Successful partnership through humor and teamwork Effective decision-making and communication in partnerships     Guest Resources:   https://cernitzlaw.com https://www.facebook.com/cernitzlawmiami https://www.instagram.com/cernitzlaw/ https://www.linkedin.com/company/cernitz-law/   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, hosts Bernard Surovsky and Larry Kriesmer welcome Ben VerWys. He discovered the stock market at age 10; this podcast episode discussed the financial planning process, options-based strategies to manage risk, and the importance of navigating the regulatory environment. Bernard, Larry, and Ben discussed the shrinking headcount in the wirehouse world, the move toward independence, and the XY Planning Network, which is now larger than Napa. They encouraged advisors to be more thoughtful about what kind of practice they want to build and to look for ways to do it, such as writing, creating content, and engaging with the public.   In addition to being the Lead Advisor and ‘VerWys’ portion of the VerWys-Martin Team, Ben VerWys is a Senior Financial Advisor, Certified Exit Planning Advisor (CEPA), and Founder of Fiduciary Financial Advisors.   What you’ll learn about in this episode:   ·      Financial planning is an evolving field that requires adaptation and innovation. ·      Advisors are encouraged to be thoughtful about the type of practice they want to build and to engage with the public through writing and creating content. ·      The industry is seeing larger Registered Investment Advisers (RIAs) acquiring smaller ones, and advisors are starting their own firms. ·      The two chapters of the client experience involve logistics and life planning, with a significant transition between the two. ·      Compliance is a top priority, with a stringent protocol system and regular reviews of books and trade blotters. ·      Advisors have more opportunities than ever to build a tailored practice that aligns with their goals and preferences.   Ben VerWys Resources: https://forfiduciary.com   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, hosts Bernard Surovsky and Larry Kriesmer welcome Brian Colvert, the President and CEO of Bonfire Financial. They emphasize the importance of continuous learning in managing money. Taking an unemotional approach to investing and effective communication with financial advisors are discussed. Overall, the episode highlights the multifaceted role of advisors in managing emotions and making informed decisions aligned with long-term goals.   Brian Colvert has been serving his clients since 2007 and loves the impact he has been able to have on his client’s lives. He started his career with Smith Barney and later UBS, and found out he could better serve his clients as a true fiduciary as a Registered Investment Advisor, knowing that clients are more important than shareholders. From there, Bonfire Financial was born. Brian is a Certified Financial Planner (CFP®), and has been recognized as one of the top advisors in Colorado and nationally by the National Association of Board-Certified Advisor Practices (NABCAP). He was also named one of the Colorado Springs Business Journal’s Rising Stars 40 under 40 in 2012. Prior to becoming an advisor, he was a top account executive for Ricoh Business Systems in Southern California.   He holds a B.A. in public administration from San Diego State University. He is also a graduate of Stanford University School of Business, iShares Program. Brian also holds a DACFP Certificate in Blockchain and Digital Assets from the New York Institute of Finance. Brian is a lifelong learner and values continuing education. He currently serves as Chair of the Colorado Springs Housing Authority. He previously served as the President of Kids on Bikes, the board of the Colorado Springs Urban Renewal Authority, and was the co-chair of The University of Colorado Colorado Springs Chancellors Leadership class. Brian is an avid swimmer and mountain biker. He was named the USA Triathlon Volunteer of the Year for 2013 as a team leader for Insulin dependence, where he mentored kids with Type 1 Diabetes. As a Type 1 himself, he continues to rank nationally among US Masters Swimmers. Brian enjoys spending time and traveling with his wife, Tiffany, and son, Miles.   What you’ll learn about in this episode:   ·      Why expanding knowledge and understanding various ideas, topics, and products can lead to more informed financial decisions and potentially improve financial outcomes.   ·      How understanding history and lessons from the past provide valuable insights that can help navigate the complexities of financial management.   ·      Why assessing overall progress and staying on track with long-term plans is more important than fixating on losses. Irrational decision-making can harm investment strategies, so focusing on the bigger picture and long-term goals is crucial.   ·      How a financial advisor plays a significant role in helping clients make rational decisions based on logic rather than emotions.   ·      Why simplifying complex financial concepts and focusing on what the client truly cares about is crucial.     Brian Colvert Resources:   https://www.bonfirefinancial.com https://www.facebook.com/bonfirefinancial/ https://www.instagram.com/bonfirefinancial/ https://www.linkedin.com/company/bonefirefinancial/ https://www.pinterest.com/bonfirefinancial/   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/   Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, hosts Bernard Surovsky and Larry Kriesmer interview Director of North American Listed Derivatives at Cboe Global Markets, Rick Rosenthal, who reveals how to use options to control risk and return in investments. Learn about the different types of options and how they can be used to generate income and limit downside risk. Discover how to build an asset allocation model using options contracts and tools like the options calculator. Plus, get expert advice on managing concentrated positions and understanding the trade alert and trade optimizer features of an investment platform.   Rick Rosenthal is the Director of North American Listed Derivatives Cboe Global Markets. As an accomplished Financial Services Executive with extensive experience in prime brokerage, institutional investors, hedge funds, proprietary trading, securities lending, ETF's, equities, options, and futures. A demonstrated record of building successful businesses through delivering value, innovation, and tailored services for an institutional clientele on a global basis.     What you’ll learn about in this episode:   ·      Understanding your clients' risk appetite and portfolio concentration level before investing in options ·      Communicating the benefits of options-based strategies effectively to clients ·      Gain a proper understanding of prime brokers, exchanges, and relevant regulations before initiating options-based strategies ·      Exploring various options-based strategies beyond covered call writing. Advisors should be aware of different strategies that better meet their clients' broader investment objectives.   Rick Rosenthal Resources:   https://www.linkedin.com/in/rirosenthal/ https://www.cboe.com   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, hosts Bernard Surovsky and Larry Kriesmer welcome Michael J. DiCenso, the founder of DiCenso Consulting with over 32 years of experience who has revolutionized the registered investment advisor industry. Together, they discuss the current trends and developments in financial planning, including merging financial wellness and retirement planning, providing comprehensive risk planning, and the lack of expertise in delivering holistic financial solutions. Learn how to navigate the current economic challenges and take advantage of PEPs and 316 operational fiduciaries for effective 401k plans.   Michael J. DiCenso, a highly accomplished Management Consultant with a proven track record of creating vision, strategy, and direction in the financial services industry. With 34 years of experience, he has delivered "holistic solutions" and demonstrated exceptional leadership in areas such as critical thinking, practice management, regulatory evolution, and sales and marketing. Mr. DiCenso has been a pioneer in market innovation, introducing initiatives such as recordkeeping fee transparency and the first fully internet-enabled recordkeeping platform. He has held esteemed positions at renowned institutions, leading exponential growth in assets, revenues, and profits. His expertise and contributions have shaped the industry's future, making him an asset in retirement planning, wealth management, and fiduciary processes.     What you’ll learn about in this episode: Trends in the registered investment advisor (RIA) space are expanding into financial planning for the masses, offering affordable services and engaging with financial advisors. Regulatory transparency is crucial for retail users, ensuring clarity and accountability in the financial services industry. Holistic financial wellness and retirement planning are essential for everyone, not just those with high net worth. It emphasizes the importance of comprehensive financial planning and packages. Financial education in high schools and colleges is necessary to improve financial literacy from an early age and empower individuals to make informed financial decisions.     Michael J. DiCenso Resources:   https://www.linkedin.com/in/michael-dicenso-a479b16/   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, hosts Bernard Surovsky and Larry Kriesmer feature the Founder & CEO of Yardly Wealth Management, Mike Garry. The trio delves into Mike's journey into the financial advisory business. From frustrations to the lack of financial education, to challenges in choosing investment options, the experts discuss all aspects of the modern-day financial industry. They highlight the importance of comprehensive financial planning goals and the risks and value of investing in stock markets.   Michael Garry has dedicated his career to spreading financial security and peace of mind by providing leading-edge wealth management and financial education. Michael Garry built his independent financial advisory firm from zero to over $100 Million in Assets Under Management (AUM) through grit and determination.   Michael earned a B.S. and an MBA in Finance from Saint Joseph’s University and a law degree (J.D.) from the Widener University School of Law, where he concentrated in tax, securities, and estate planning.   Michael began his career as an intern with the Pennsylvania Office of the Attorney General, and he was admitted to the Pennsylvania and New Jersey State Bars. Michael served as a practicing attorney for two Philadelphia law firms before becoming a financial advisor. Michael honed his financial management skills by working with Merrill Lynch and then becoming vice-president and Chief Compliance Officer at Global Investment Management, overseeing a 25-year old Registered Investment Advisory firm’s operations and legal compliance.   In the relentless pursuit of excellence, in February of 2006, Michael founded Yardley Wealth Management, LLC, using his core principles to serve his clients better. Starting the firm has allowed Michael to consistently put your success at the forefront of everything he does. At Yardley Wealth Management, Michael applies his financial planning expertise, financial industry knowledge, and legal background to provide a seamless, thoughtful approach to wealth management.   What you’ll learn about in this episode: Why having a comprehensive financial plan is crucial for individuals seeking financial advice. Characteristics of a perfect investment option and how it aligns with client expectations. Insights into the financial advisory business and suggestions for its improvement.   Mike Garry Resources:   https://twitter.com/MichaelJGarry https://www.facebook.com/YardleyWealthManagement/ https://www.linkedin.com/in/michaelgarry/ https://www.youtube.com/channel/UCe-ma6bk1O68Tmb2sDakZpA https://instagram.com/yardleywealth?igshid=1dp5vzs5pwqf3     Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/   Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, hosts Bernard Surovsky and Larry Kriesmerinterview Matt Page, a financial planner at Lucas Group Financial Partners in Sacramento, California. In this episode, they explore topics such as anticipating clients' cash flow needs, the evolution of investment products, and the challenges faced by the bond market. The hosts also touch on industry improvements, marketing strategies, and the importance of understanding the psychological and emotional needs of clients. Matt's prediction that stocks will perform well over the long term is just the cherry on top.   Matt Page is a Partner at Lucas Group Financial Planners, Inc., which has been providing financial planning and wealth management services to clients for over 40 years. Matt is aCertified Financial Planner with more than two decades of experience. Throughout this time, he has shown his commitment to offering a high level of service and actionable insights to clients about their finances.   What you’ll learn about in this episode: How comprehensive financial planning involves fitting all the pieces of a client's financial life together based on their goals and needs. Why asset allocation strategy should consider clients' cash flow needs and adjust investments accordingly. How building relationships and understanding the psychology of financial planning are crucial in serving clients effectively.   Matt Page Resources: https://lucasplanners.com https://facebook.com/twentyoverten https://twitter.com/twentyoverten https://instagram.com/twentyoverten   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ New boost Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, hosts Bernard Surovsky and Larry Kriesmer chat with special guest Joseph Parnes, who shares his experience as the President of Technomart Investment Advisors. Parnes shares his insights on managing volatility, using bonds as a hedge, and understanding the impact of interest rate increases. He believes in investing in fine companies with a competitive advantage and emphasizes the importance of consistency in investing.   Joseph, President of Technomart Investment Advisors, is well known for his contrarian strategy. He is a contributor to Forbes, featured in Barron’s, Bloomberg, CNBC and has advised the UK Supreme Court via the FMLC c/o the Bank of England on short selling. Technomart Investment Advisors has been awarded for 2022 as Baltimore’s Best and one of the largest wealth management firms by the Baltimore Business Journal. Joseph Parnes educational book on short selling for the long term, Wiley 2020, was published in 2020. Short Selling for the Long Term expands on Joseph’s investment short and long selling philosophy. Educating both novices and investors in a concise, uncomplicated, and systematic style using fundamental and technical analysis to select promising short positions, mitigate risk, and roll any profits into long positions. If this seems iconoclastic, it is. But it works. Parnes reveals this formula contrary to most advisors’ belief in liquidating positions or shorting as a singular goal. Investors can stay invested, whatever the proverbial weather on Wall Street.   What you’ll learn about in this episode: Allocate assets wisely to minimize risk and maximize returns - Parnes emphasizes the importance of asset allocation in investment portfolios, spanning stocks, bonds, and alternative investments. Diversify investments across sectors and industries for a well-balanced portfolio - Diversification strategy ensures that your investments are not overly concentrated, reducing risk exposure. Prioritize risk management for successful investment - Effective risk management through hedging strategies, diversification, and stop-loss orders is crucial in investment management.     Joseph Parnes Resources: www.technomartrga.com www.shortex.com   Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/   Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode of "Know Your Options: The Measured Risk Podcast," hosts Bernard Surovsky and Larry Kriesmer interview Stephen D. Ambrosini, the CEO and Founding Partner of 20/20 Financial Advisers in California. Bernard, Larry, and Stephen discuss their journey into the insurance business and the challenges they face while adapting to new technologies. They also stress the importance of life insurance as a foundation for financial planning and risk management. They share investment strategies and investment options for clients based on their risk profile and goals. This episode also touches on the potential impact of AI on the industry and the importance of relationships with clients. It concludes with a compelling discussion on overcoming challenges and finding success in the business.   As the owner of 20/20 Financial Advisers of Cardiff by the Sea, LLC, Stephen D. Ambrosini, along with his associates, provides investment and insurance related products and services to businesses and individuals through his registration with Private Client Services. Steve is also registered as an Investment Advisor Representative (IAR) with 20/20 Financial Advisers and provides fee based financial planning and fee-based investment services to clients through his relationship with Prime Capital Wealth Management.   What you’ll learn about in this episode: Understand your risk tolerance and define your investment goals before devising an investment strategy. Diversify your investments across different classes and sectors to reduce risks. Regularly rebalance your portfolio based on market conditions and changes in your investment goals.   20/20 Financial Advisers Resources: https://www.2020fa.com    Measured Risk Portfolios Resources: https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to "Know Your Options: The Measured Risk Podcast" - the ultimate guide to navigating the volatile nature of the markets while managing risk purposefully. Join us as we challenge the theory behind Traditional Asset Allocation and dive into the mathematics of investing. Whether you are a seasoned investor or just starting out, this podcast offers valuable insights and practical advice to help you make informed decisions and manage your money wisely. So grab a cup of coffee, sit back, and let's dive into the world of calculated risks together. Learn more about your ad choices. Visit megaphone.fm/adchoices