Substance

I was a guest on Tim Mullooly’s podcast last week, and he asked me a fantastic question: What do you think is the number one thing that needs to change about the financial services industry? Rather than revisit the squabble over fees versus commissions or fiduciary versus suitability, I simply said we need to raise the…

Dear Former Branch Manager

I have been interviewed a few times since my controversial op-ed ran in the New York Times last month. Some were long-form podcast interviews that took a deep dive in to my career path. While revisiting the story of how I got here, I realized that I never thanked someone who had a major impact…

Circular Argument

I invited Meredith Jones, author, speaker, researcher, and expert in alternative investments, to speak to the CFA Society of Louisiana about women in investing. Or rather, the lack of women in investing. Lucky for us, she accepted, and I had the pleasure of meeting her in person for the first time. We have followed each…

Catch-Up Contributions

If you are like most people, you may have put off a few years of retirement savings when you were younger. Perhaps the cost of raising children took precedence over retirement savings. Daycare can cost as much as a mortgage payment, and college tuition is astronomical. Perhaps you withdrew funds from your 401(k) to start…

Updates from the Road

I was in New York this week with little time to update the blog. It is always great to be with my co-workers at RWM, and we packed a lot in to three days. I brought King Cake from Antoine’s bakery in New Orleans to celebrate Carnival Season. It’s hard to believe Mardi Gras is…

Thoughts on Gold

A few weeks ago, I attempted to listen to Tim Ferriss interview Peter Mallouk, president of one of the largest independent wealth management firms in the country. If you don’t know Ferriss, he is famous for his best-selling book, The 4-Hour Work Week. Mallouk runs Creative Planning, one of the fastest growing RIA firms managing…

No Call

Last Sunday we witnessed the most obvious and consequential officiating blunder in American football history. The New Orleans Saints, playing for the NFC Championship at home in the Superdome, were tied 20-20 with the Los Angeles Rams with less than two minutes remaining in the game. Drew Brees, the quarterback with the most career passing yards…

Jack Bogle – In Memoriam

If there is one super hero in my field, it was Jack Bogle. In 1974, Mr. Bogle presented a revolutionary idea to the board of his former employer Wellington. He suggested that their mutual funds should be owned by the investors of the fund and not have outside owners seeking profits. Wellington rejected his proposal,…

My Controversial Op-Ed in the New York Times

Last fall, an editor of the Times Sunday Review, Talmon Smith, contacted me about writing an essay for the paper. He read my post harping on the lack of women in the financial advice industry and asked me to take a second crack at the topic. When I regained consciousness, I said yes. I mean, the…

Health Insurance, An Untold Story

I recently read about a family earning too much to qualify for health insurance subsidies through the ACA (Affordable Care Act aka Obamacare) but too little to afford the premiums. While it seems absurd that a family earning $113,000/year cannot afford health insurance, this is the plight for millions of Americans who do not have…