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Tag: wealth management

  • Jim Reber: Inversion investing

    Jim Reber: Inversion investing

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    Upside-down yield curve offers some possibilities.

    By Jim Reber, ICBA Securities

    Quick Stat

    28

    The number of times the two- to 10-year segment spread has inverted since 1900.

    Source: Reuters

    Some rumors are true: There is an historical relationship between the phenomenon known as an inverted yield curve and a subsequent recession. This isn’t any idle talk among Fed watchers and other pundits this time around, nor is it peripheral to the management of financial institutions, including community banks.

    Being the Master of the Obvious, I’ll point out the treasury yield curve has been inverted since July, often by as much as 40 basis points (0.40%). This presents dilemmas, and opportunities, for bond portfolio managers. And for those keeping score, every curve inversion in the past four decades has been followed by a recession within a year.

    It occurs to me that the conversations my associates at Stifel and I have had recently with our customers have followed a pattern, driven by the interest rate cycle. Rates fall and the curve steepens, and bankers need reminding how to lock in yield and harvest gains. Rates rise and the curve flattens, and bankers want to know how to manage their unrealized losses. And then, the curve inverts, and it seems that everything we learned about risk/reward has gone haywire. So we will devote the rest of this column to discussing why curves invert and where value may appear in the various investment sectors that matter to community banks.

    The what and why of inversions

    When the Fed determines it’s time to begin raising rates, the most visible tool at its disposal is to increase the effective fed funds rate. Whenever the overnight rate increases, so do other shorter-term yields, which most analysts take to mean two years and less. Longer-term buyers, which include, but aren’t limited to, depositories, have wholly different investment objectives and risk tolerances. Long investment yields, the proxy for which are 10-year bonds, are more affected by inflation expectations.

    Every Fed fund hike should, in theory at least, give longer buyers some added comfort that inflation will be well behaved. In a year like 2022, which has seen three full percentage points in rate hikes on the short end, we’re almost certain to see the curve flatten, and possibly invert. As investor sentiment by a number of measures now expects inflation to remain off its peak from earlier this year, the final component for a curve inversion has entered the mix.

    Here’s the dilemma: If an inverted yield curve is a reliable predictor of an impending recession, and interest rates both short and long are going to fall soon, where should investors place their bets today? In theory, it should be on the long end, which leaves money on the table—today.

    MBS, too

    As we dig into the less-is-more narrative of upside-down curves, we can now add mortgage-backed securities (MBS) to the list, which is highly unusual. It is a rare condition indeed when shorter MBS out-yield longer ones, and this has to do with prepayment expectations. As home mortgage rates have doubled this year, anyone with an existing loan is going to sit tight and pay only the minimum amount of principal each month.

    That means the lower rate pools will be longer in duration, and also lesser in yield, than more current ones. To put a pencil to it, a FNMA 15-year pool with a 4% stated rate will yield about 4% at the moment, whereas a 15-year 3% pool will produce about a 3.5% return. When we add that the 4% MBS is expected to be nearly a year shorter in average life, one can see why the “up in coupon” trade makes full economic sense in 2022.

    Muni curve still steep

    I need to mention that a sector that is quite important to community banks is not now, nor has it ever recently been, inverted. Tax-free munis appeal to many buyers, including individuals. In fact, most of that sector is owned by retail investors, whose needs (and marginal tax brackets) are different than your bank’s. Retail demand sets the yield curve for all muni buyers, and mom and pop tend to load up on short bonds, which keeps short yields under wraps.

    As of October 2022, the investment-grade muni curve was positively sloped by about 70 basis points (0.70%) for C corps, and even more for S corps. This is proof that the municipal sector has a mind of its own. It is the least affected, for better or worse, by Fed activity.

    Equal amounts of short- and long-term investments … will work out fine, if either a) the curve inverts further; b) the curve begins to steepen; or c) the curve remains flat.

    Here’s a thought

    So what do we make of all of this inversion business? The yield curve is on a 40-year winning streak of predicting slowdowns. It’s also clear that short yields have gotten to levels that can make some money for community banks, whose deposit costs have remained quite low. So how about this as a suggestion: a barbell structure.

    Equal amounts of short- and long-term investments (you get to define those limits) will work out fine, if either a) the curve inverts further; b) the curve begins to steepen; or c) the curve remains flat. And I’d say there’s a good chance of one of those results occurring. So my advice (no surprise here!) is to invest at different parts of the curve, in a variety of products. And you can leave the tumult of the yield curve’s shape to the pundits.

    Jim Reber, CPA, CFA (jreber@icbasecurities.com), is president and CEO of ICBA Securities, ICBA’s institutional, fixed-income broker-dealer for community banks

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    Lauri Loveridge

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  • How Your Enneagram Type Determines Your Wealth and Success

    How Your Enneagram Type Determines Your Wealth and Success

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    Opinions expressed by Entrepreneur contributors are their own.

    Life is short, and our professional lives are even shorter. We don’t have time to waste. It’s essential to understand how your Enneagram type determines your wealth because it will enable you to identify better who and what to avoid.

    Not only that, but it will offer you a blueprint to follow regarding how to create the levels of wealth you desire.

    Related: 10 Ways to Grow Leaders in Your Business

    What is an “Enneagram”?

    The Enneagram is a personality typing system that takes the form of a nine-pointed diagram or “map.” It represents the patterns in personality types that describe how we as individuals experience the world.

    Each of the nine personality types stems from a core belief about how the world works. The Enneagram aims to identify which of those personality types best describes you, how much of each personality you have within you and how that unique combination dictates how you operate.

    If you’ve never done one, I recommend taking ten minutes to try it.

    What your Enneagram type says about your capacity for wealth is less of a direct determination and more of an indication of your current situation. If you’re finding yourself in a state of frustration or like you constantly have to force things, your Enneagram type could well be incompatible with your strategies.

    To be clear, we’re talking about “wealth,” not “worth.”

    What we’re talking about is how resourced your life is. Are you able to do the things that you want to do? Are your needs taken care of?

    You can probably see how your resources (time, money, energy, health, etc.) can be limited by trying to force yourself down a path at odds with who you are.

    I am sure that there are probably money-making practices and strategies that feel entirely alien to you. Futures trading, perhaps. FOREX. Real estate. Crypto.

    A lot of people find the jargon alone completely impenetrable!

    Now imagine the lengths you’d have to go to force yourself to become not merely competent at any of those, but world-class!

    And when I say: “world-class,” I mean that you are so competent at strategizing and have demonstrated this competence so prevalently that people will pay for your knowledge to enrich themselves.

    Yeah…tall order, isn’t it?

    Let’s look at an example of an Enneagram test result, and explore how it would determine that person’s wealth.

    Here are the results of a friend of mine. He took the test, and his results were: 8-4-3-1-5-6-7-9.

    Let’s look at his top three personality types and what they say about how he creates wealth.

    8 – The Challenger

    This personality type is fiercely independent and fears being controlled by others. It is preoccupied with gaining influence and seeking truth. Their vice is lust, and their trap is justice.

    4 – The Individualist

    The individualist is sensitive and withdrawn but also expressive and dramatic. They can be self-absorbed and temperamental.

    3 – The Achiever

    This type is very success-oriented. They are pragmatic and adaptive. As you might imagine, they are driven to succeed. They can also be very image conscious.

    Now, these are only the first three of my friend’s Enneagram personality types. They only form a partial picture; if we were to actually use this to build a plan of action for him, we’d need to examine it.

    With his three strongest personality types, you can probably already get a sense of what would (and would not) work for him.

    Related: 10 Powerful Attributes of Insanely Successful People

    What wouldn’t work for him?

    Being fiercely independent, fearful of being controlled, and success-oriented, climbing the corporate ladder just isn’t going to work for him. He would spend far too much time railing against the corporate structures to get anywhere.

    The individualist personality type adds a layer to this; he probably won’t be very good at simply selling his time. He would be no good at bookkeeping or PA work, for example.

    Such jobs wouldn’t value his creativity. Quite the opposite; he’d be required to conform to stringent rules, which would be seriously unfulfilling.

    The Achiever type wants to rise above and be recognized as unusually competent or talented. So combined with being a challenger and individualist, my friend already has a clear path ahead.

    What would work?

    My friend would need to find ways to make money that value him and his uniqueness.

    Because of his temperamental, dramatic and withdrawn nature, he would need something that allowed him to be flexible with his time. He would work in bursts of energy and inspiration, so he’d need flexibility in his personal life to afford him the space to create.

    Whatever he did, however, he’d need to ensure that he was highly skilled and competent at it! He and his knowledge would have to become invaluable to his clients. It may seem like my friend is limited in how he could grow his wealth, but if he orients his talents and drives in a scaleable way, he could make infinite amounts of money.

    His unique offering would need to be ‘downloaded’ from him and into something that others could possess (for a price).

    With that out there, making him scaleable profits that don’t require him to work, he could turn his hand to being of value without the need to turn a profit.

    That’s where a real life of wealth and abundance lies.

    So…I hope this makes sense and gives you an idea of your Enneagram type’s value in determining your wealth. It’s not something that renders you powerless or that you must submit to.

    Not at all!

    It is the blueprint to reveal more aligned ways of creating wealth. A path of “least resistance,” if you will, that will free you from feelings of being trapped, frustrated and like you don’t belong.

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    Daniel Mangena

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  • Top 5 Mistakes Entrepreneurs Make When Scaling Their Business To 7 Figures

    Top 5 Mistakes Entrepreneurs Make When Scaling Their Business To 7 Figures

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    Opinions expressed by Entrepreneur contributors are their own.

    Scaling your business to seven figures is not that hard. But it also isn’t easy. At least, it’s not easy to maintain a seven-figure business and continue to scale it.

    I’ve learned this the hard way after building and growing several businesses to seven figures and beyond — as well as mentoring and investing in dozens more. It’s strange how easy it can feel once you build some momentum. Growth leads to growth and everything seems to be okay. Until all of a sudden, it isn’t.

    Having gone through this cycle myself, I’ve discovered a few common mistakes most of us make when in a period of growth. I share these in the hope they not only inspire you to scale your own business to new heights but maintain these levels so you can continue to smash through one glass ceiling after another.

    Related: 4 Ways to Build a Seven-Figure Brand and Sellable Business

    1. You hire too fast

    No matter what industry you’re in, it’s important to expand your team when growing your business. You can only do so much. You must delegate and work on the business instead of trying to do everything on your own. However, the timing around all this has to be right. If you push too hard too soon, you can overwhelm and halt all momentum.

    So although you need to grow your team — and constantly think about the different types of roles you need — it’s essential that you get clear on your priorities. By honing in on the roles that offer the most return, you ensure you maintain your momentum without putting too main strain on yourself, your existing team members, and, most important of all, your cash flow.

    2. You create too many offers

    I see this mistake all the time, often because an entrepreneur gets caught up comparing themselves to other business owners. You’ve heard the advice before, to diversify your portfolio and add multiple income streams. It’s good advice, in part. Yet you have to tread carefully because launching too many offers too soon places far too much pressure on your shoulders. Worse than that, it creates a disconnect between you and your audience because they don’t know what they should do next.

    Should they buy your course? Maybe hire you to coach them? How about that membership they can subscribe to? Or that other course, program or product?

    The last thing you want to do is overwhelm and confuse. Adding new income streams is important, but you don’t have to do it all now. Make sure you become a “go-to” authority in one or two areas and provide huge value to those you serve.

    Related: Meet the Mother Of Three Making 7-figure Income Working Part-time From the Beach

    3. You increase your expenses

    This mistake is a byproduct of the previous two because as you grow your team and add new income streams, your expenses rise exponentially. It can seem manageable at first, but before long it can spiral out of control. I’ve experienced this firsthand as my monthly expenses practically doubled month-on-month. It’s a disaster waiting to happen unless you get crystal clear on your finances.

    This is a continuous habit you need to nurture, ensuring you check in on your revenue and expenditure each month. It’s not that you shouldn’t spend more as you make more, but you have to give everything you invest in purpose. Whether that’s a new team member, improving your lifestyle or placing new resources into the business, you always have to have a reason for spending your money. If not, you can quickly run out of it.

    4. You don’t reinvest in your business

    This is a huge mistake and once again it’s one I used to make. There’s so much advice out there about how to invest your money. The problem is, most of it isn’t relevant to an entrepreneur because most of it encourages you to take money out of your business and place it somewhere else (stocks, shares, bonds, pensions, etc.). That makes sense for someone with a predictable income. But for an entrepreneur? No way! The best thing you can invest in is your business because this is what you have the most control over. So before you give your money to someone else to invest, make sure you fully support your business with the time, money and resources it needs.

    Related: 4 Ways to Invest More Deeply in Your Business

    5. You don’t take money out of your business

    It’s important to constantly invest in your business, but you have to continue to invest in your own life, lifestyle and personal growth. In the early days, I also recommend entrepreneurs take as little as they can and reinvest as much of it into their business. Yet this can only last so long. Once you build momentum and step into a period of growth, you have to embrace this yourself — not just as a business owner, but as a human being.

    I see this mistake play out too often as successful entrepreneurs struggle to step back and enjoy life. It’s a fine balance, yet it’s an important one if you want to find harmony. The alternative soon turns toxic as you begin to resent your business. It’s an easy fix because all you have to do is to commit to growing as a person as you grow your business. This means you too require (and deserve) investment: money, time, energy and attention.

    The rollercoaster ride you’re on is full of ups and downs. Just because you’re scaling and on the fast track to seven figures and beyond doesn’t mean there aren’t obstacles in your way. Avoid and overcoming these five mistakes will help you navigate your way to success.

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    Scott Oldford

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  • ‘Material risk’ looms over stocks as investors face bear market’s ‘second act,’ warns Morgan Stanley

    ‘Material risk’ looms over stocks as investors face bear market’s ‘second act,’ warns Morgan Stanley

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    Stock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the S&P 500, according to Morgan Stanley Wealth Management.

    “While a rate peak may solidify estimates for the equity risk premium and valuation multiples, equity investors still face the bear market’s second act — the earnings outlook,” said Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, in a note Monday. 

    “They have been slow to recognize that pricing power and operating margins, which hit all-time highs in the past two years, are unsustainable,” she said. “Even without a recession, the mean reversion of profits in 2023 translates to a 10%-to-15% decline from current estimates.”


    MORGAN STANLEY WEALTH MANAGEMENT NOTE DATED OCT. 17 2022

    Unprecedented monetary and fiscal stimulus during the throes of the pandemic had led to the largest U.S. companies booking record operating margins that were 150 to 200 basis points above norms seen in the past decade, according to Shalett. 

    See: Stock market’s wild gyrations put earnings in focus as inflation crushes Fed ‘pivot’ hopes

    She said that company profits may now be imperiled by slowing growth, with “demand skewing toward services” after pulling forward toward goods earlier in the pandemic, and a likely reversal in “extremely strong” pricing power as the Fed fights surging inflation with interest-rate hikes.

    “Such risks are not discounted in 2023 consensus yet, constituting a material risk to stocks for the remainder of the year,” Shalett said.

    While many sectors have discounted the potential drop in 2023 profits from current estimates that could stir headwinds even with no recession, “the megacap secular growth stocks that dominate market-cap indexes have not,” she warned. “And those indexes are where risk gets repriced in the bear market’s final stages.”

    Morgan Stanley’s chief U.S. equity strategist Mike Wilson estimates as much as 11% downside from consensus estimates, with his base-case, earnings-per-share forecast for the S&P 500 for 2023 being $212, according to Shalett’s note. 

    U.S. stocks were bouncing Monday, with major stock benchmarks trading sharply higher in the afternoon, after sinking Friday amid inflation concerns as earnings season got under way. The S&P 500
    SPX,
    +2.65%
    was up 2.7% in afternoon trading, while the Dow Jones Industrial Average
    DJIA,
    +1.86%
    gained 1.9% and the technology-heavy Nasdaq Composite surged 3.5%, FactSet data show, last check. 

    In the bond market, Treasury rates were trading slightly lower Monday afternoon, after the 2-year yield hit a 15-year high and the 10-year yield notched a 14-year high on Friday, according to Dow Jones Market Data. Two-year yields ended last week at 4.507%, the highest level since August 8, 2007 based on 3 p.m. Eastern time levels, while the 10-year rate climbed to 4.005% for its highest rate since Oct. 15, 2008.

    The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.992%
    was down about 1 basis point Monday afternoon at around 4%, while two-year yields
    TMUBMUSD02Y,
    4.439%
    fell about five basis points to around 4.45%, FactSet data show, at last check.

    Meanwhile, as investors capitulated to higher inflation, “peak policy rates moved up aggressively in the fed funds futures market, with the terminal rate now at nearly 5%, an aggressive stance that smacks of ‘peak hawkishness,’” according to the Morgan Stanley note.

    “Critically, although the market is still pricing 1.5 cuts in 2023, the January 2024 fed-funds rate is estimated at 4.5%, a comfortable 100 basis points above our forecast” for core inflation measured by the consumer-price index, Shalett wrote.

    “Consider locking in solid short-term yields in bonds and shoring up positions in high growth, dividend-paying stocks,” she said. “Short-duration Treasuries look attractive, especially because the yield is more than 2.5 times that of the dividend yield on the S&P 500.”

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  • Dow books 630-point drop after strong jobs data rattles investors, but stocks cement weekly gains

    Dow books 630-point drop after strong jobs data rattles investors, but stocks cement weekly gains

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    U.S. stocks finished sharply lower Friday, but still booked their best weekly gains in a month, after September jobs data showed an unexpected fall in the unemployment rate that’s anticipated to reinforce the Federal Reserve’s resolve to keep tightening monetary policy.

    Investors also weighed a profit warning at a leading microchip maker ahead of next week’s increase in quarterly earnings results.

    What happened
    • The Dow Jones Industrial Average
      DJIA,
      -2.11%
      fell 630.15 points, or 2.1%, ending at 29,296.79, but off the session low of 29,142.66.

    • The S&P 500
      SPX,
      -2.80%
      dropped 104.86 points, or 2.8%, closing at 3,639.66.

    • The Nasdaq Composite
      COMP,
      -3.80%
      shed 420.91 points, or 3.8%, to finish at 10,652.40.

    Stocks posted back-to-back losses, trimming weekly gains, but recorded their best weekly gains since Sept. 9, according to Dow Jones Market Data.

    Read: Will the stock market be open on Columbus Day?

    What drove markets

    Stocks recorded sharp losses Friday after the Labor Department said the U.S. economy added 263,000 jobs in September, while the unemployment rate declined to 3.5% from an August reading of 3.7%. Average hourly earnings rose 0.3%.

    Still, a powerful rally earlier in the week boosted all three major stock indexes to weekly gains, a departure from three straight weekly losses, according to Dow Jones Market Data.

    “It’s manic. We are all on edge,” said Kent Engelke, chief economic strategist at Capitol Securities Management, of the sharp market swings.

    “Any piece of good news is a cause for an explosive rally,” Engelke said by phone. On the flip side, he pegged technology-based trading “in an illiquid and emotional market” as exacerbating Friday’s selloff.

    “It’s a reflection that people have re-entered the mind-set that the Fed is going to be raising rates at a rapid clip, probably for longer than what they might have suspected at the start of the week,” said Robert Pavlik, a senior portfolio manager at Dakota Wealth Management, by phone.

    Pavlik expects the Fed to keep tightening financial conditions to try to head off inflation. “But once we turn the corner, and the economy slows down, the Fed probably will be more aggressive in cutting rates on the way down.”

    In addition, the Fed has been “draining liquidity from the system at a remarkable pace,” wrote Rick Rieder, BlackRock’s chief investment officer of global fixed income, in a Friday client note, while pointing to an astounding $1.3 trillion decline in the central bank’s balance sheet since the December 2021 peak.

    Pavlik at Dakota Wealth said he anticipates the Fed will start slowing interest rate hikes by mid-next year, which likely means continued pressure for the stock market, particularly with a backdrop of big oil-price
    CL00,
    +5.37%
    gains this week after global crude producers voted to cut monthly production and with the U.S. dollar’s
    DXY,
    +0.44%
    surge this year against a basket of rival currencies.

    U.S. crude oil prices climbed for a fifth day in a row on Friday to settle at $92.64 a barrel, while booking at 16.5% weekly gain.

    New York Fed President John Williams said Friday that benchmark interest rates likely need to hit 4.5% over time. The Fed’s policy rate now sits in a 3%-3.25% range, up from a zero-0.25% range a year ago.

    The benchmark 10-year Treasury rate
    TMUBMUSD10Y,
    3.889%
    climbed to 3.883% Friday, as the key metric used to gauge the affordability of credit for businesses, household and the economy posted 10 straight weeks of gains, according to Dow Jones Market Data.

    Read: Bond markets facing historic losses grow anxious of Fed that ‘isn’t blinking yet’

    Investors continued to hope for relief on the inflation front and will be monitoring next week’s release of the September consumer-price index, as well as corporate earnings season as it picks up.

    Companies in focus
    • Twitter Inc.
      TWTR,
      -0.43%
      shares fell 0.4% Friday after a judge delayed a looming trial between the company and Elon Musk to allow the Tesla Inc.
      TSLA,
      -6.32%
      CEO more time to close his $44 billion acquisition of the social media platform.

    • Besides the jobs report, investors weighed a profit warning from microchip maker Advanced Micro Devices Inc. AMD, which said the PC market weakened significantly during the quarter. AMD shares fell 13.9%, and rivals including Nvidia Corp. NVDA and Intel Corp. INTC also closed lower.

    • U.S. cannabis stocks were choppy Friday, with the AdvisorShares Pure US Cannabis ETF
      MSOS,
      -2.80%
      ending lower, following steep gains earlier in the week after President Joe Biden said the U.S. would consider de-scheduling cannabis from its current position as a Schedule 1 narcotic under federal law.

    —Steven Goldstein contributed reporting to this article

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  • Zoe Announces Partnership With Award-Winning Firm Beacon Pointe Advisors

    Zoe Announces Partnership With Award-Winning Firm Beacon Pointe Advisors

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    Press Release
    –

    Jul 5, 2022


    NEW YORK, July 5, 2022 (Newswire.com)
    –
    Zoe, a wealth platform that accelerates wealth creation, announced its partnership with Beacon Pointe Advisors. After being qualified by Zoe’s rigorous vetting process, the registered investment advisory firm (RIA) is now a Zoe Certified Firm. Through their proprietary due diligence process, Zoe ensures to connect clients only with premier advisors who lead with comprehensive financial planning, provide fee transparency and honest services, and deliver value and peace of mind for their clients. 

    Beacon Pointe provides clients with objective and thoughtful investment and financial guidance. The firm’s mission is to improve people’s lives by finding alignment between each client’s goals, wealth, and priorities. Founded 20 years ago, Beacon Pointe is now one of the largest female-led RIAs in the country. Its corporate leadership team has a 50% female representation, and there are 15+ female-led wealth advisory teams across their 35 locations nationwide. Moreover, the firm has received several industry awards, such as Forbes’ Fastest Growing Firms, Barron’s Top 50 RIA Firms, Financial Advisor Magazine Top 50 RIAs, and Barron’s Top Women RIA Firms, among others. 

    “It is an honor to partner closely with a firm such as Beacon Pointe. This RIA embodies all the advisor characteristics that clients deserve. Not only are they experienced and experts, but they are also trustworthy, knowledgeable, unbiased and, most importantly, focused on the clients’ best interests,” said Andres Garcia-Amaya, CFA, Zoe’s Founder & CEO. “We are confident that having them as part of the Zoe Advisor Network will provide great value to hundreds of clients nationwide,” he added. 

    Beacon Pointe offers private wealth management and institutional consulting services. In both cases, their advisors focus on building strategic solutions tailored to their clients’ goal achievement, wealth accumulation, and long-term preservation. In addition, they share a holistic view of wealth management, understanding that for their clients to achieve peace of mind, they deserve more than simply knowing their risk tolerance, having an investment portfolio in place, or saving for retirement. Instead, they need clarity and alignment on their life’s money decisions. 

    For over 10 years, the firm has managed the Women’s Advisory Institute (WAI) to provide female clients and their families with peace of mind. This area of the firm offers unique and holistic wealth advice catered to the financial needs of women. They have expertise in several topics such as Divorce Financial Planning, Multi-Generational Wealth Planning, and Spousal Wealth Planning. 

    Beacon Pointe manages $24 billion in assets for over 10,000 clients across the country. Their comprehensive services include specialized solutions for multi-generational families, entrepreneurs, business owners, and individuals experiencing life transitions. They understand the complexities of life and are committed to guiding each client and making the experience as smooth as possible from a wealth management perspective. With a broad understanding of how personal passions and values drive a person’s decisions, Beacon Pointe advisors assist clients in determining what matters most to them and create financial plans that accurately reflect their priorities. Their impact investing approach aims to reflect the particular values of the client. It incorporates SRI (Socially Responsible Investing) and ESG (Environmental, Social, and Corporate Governance) factors and is custom to each client. 

    “Working with Zoe has been great for us. We share the belief that clients deserve high-quality advice and guidance to reach their goals in a way that feels right for their unique situation. Our advisors enjoy working with a business partner that understands the great impact a wealth advisor can have in someone’s life,” said Matthew B. Cooper, Partner and President at Beacon Pointe Advisors. 

    Learn more about Zoe at www.zoefin.com. 

    Find your wealth advisor: https://my.zoefin.com/onboarding. 

    Learn more about Beacon Pointe Advisors: https://beaconpointe.com/ 

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding, hiring, and working with a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Partnership With Virginia-Based Wealth Planning RIA, Craftwork Capital LLC

    Zoe Announces Partnership With Virginia-Based Wealth Planning RIA, Craftwork Capital LLC

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    Press Release
    –

    Jun 15, 2022


    NEW YORK, June 15, 2022 (Newswire.com)
    –
    Zoe, a wealth platform connecting clients with the top five percent of wealth advisors in the U.S., announced its partnership with Craftwork Capital LLC. Zoe, recognized as one of Fast Company’s 2022 Most Innovative Companies, has a vetting process to identify and feature the top advisors nationwide. By pre-qualifying advisors admitted to its Network, Zoe ensures that prospective clients receive the advice they deserve directly from educated, trustworthy, credentialed, experienced, and knowledgeable wealth professionals. 

    Craftwork Capital, a Virginia-based registered investment advisory (RIA) firm, was founded with a mission to guide clients toward positive outcomes by offering tailored and actionable advice while delivering powerful investment performance. The firm prides itself on forming long-lasting relationships where mutual trust is foundational. They define success based on their clients’ satisfaction and sense of accomplishment. Craftwork Capital’s name derives from its view of financial management as a craft combining art and science elements. Their passion for employing their knowledge to craft financial plans to help clients confidently transition from their current situation to fulfilling their desired wealth goals inspired their name. 

    “Working with Craftwork Capital advisors is a constant reminder of how great wealth professionals accomplish impressive results when they dedicate their time and effort to getting to know their clients. Then, they carefully and thoughtfully create each strategy in a way that makes sense for the client based on their goals, risk tolerance, values, and priorities,” said Andres Garcia-Amaya, CFA, Zoe’s Founder and CEO, referring to the partnership. 

    The RIA manages $32 million in client assets and serves over 100 clients through financial planning or investment solutions. They offer world-class investment solutions and planning guidance while remaining focused on each client’s specific needs when making decisions. Craftwork provides clients a unique value proposition where they bring the personal touch of a boutique firm, paired with the powerful investing strategies associated with large ones. Each of the firm’s advisors uses their expertise and experience to help clients craft a better future. “We are aware that financial goals without a plan are just wishes. We are passionate about understanding each person’s concerns and building strategies that will enable them to achieve all those goals,” said Ross Anderson, CFP®, Founder and Principal at Craftwork Capital.

    Craftwork’s in-house Investment Committee creates and tailors investment portfolios for each client to ensure they reflect each client’s unique goals, circumstances, pain points, and aspirations. They plan for the person rather than the moment. Craftwork takes a hyper-personalized approach to wealth planning, aspiring to guide clients toward positive outcomes over the long term. Their level of customization sets clients up for success, yielding financial roadmaps that clients can achieve rather than overcomplicated plans that clients typically abandon before starting. Clients seeking financial planning, investment management, and wealth consulting services can connect with Craftwork advisors through the Zoe Platform. 

    “We enjoy working with Zoe’s team to create unique experiences for each client. Our partnership has enabled us to meet clients for whom we have the right solutions and are the perfect match. In addition, partnering with Zoe has allowed us to meet people we wouldn’t have met otherwise,” said Daniel Messeca, CFP®, Founder and Principal at Craftwork Capital. 

    Learn more about Zoe at www.zoefin.com. 

    Find your wealth advisor: https://my.zoefin.com/onboarding 

    Learn more about Craftwork Capital at https://craftworkcapitalllc.com. 

    About Zoe 
    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding, hiring, and working with a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com 

    Source: Zoe Financial

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  • Zoe Financial Reveals How They Select Their Award-Winning Advisor Partners

    Zoe Financial Reveals How They Select Their Award-Winning Advisor Partners

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    Press Release
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    Jun 9, 2022


    NEW YORK, June 9, 2022 (Newswire.com)
    –
    Zoe, a wealth platform that accelerates wealth creation through exceptional client experience and innovative technology, revealed the meticulous vetting process that qualifies advisors accepted onto their platform. Zoe, recognized as one of Fast Company’s 2022 Most Innovative Companies, connects clients with the top 5% of wealth advisors in the country. Today, Zoe shared the characteristics that all registered investment advisory (RIA) firms must embody. 

    “The value of finding the right financial advice is immense. Zoe aims to help clients find the highest-quality guidance to manage and grow their wealth. The way to deliver on that promise is to partner only with the top advisors nationwide, which is where our vetting process becomes crucial,” said Andres Garcia-Amaya, CFA, Zoe’s Founder and CEO. “Each of our Network Advisors works to deliver the great advice and experience their Zoe clients deserve.”

    The nationwide company has established a five-step process to guarantee the quality of the advisors with whom they connect each client. Once Zoe’s team has confirmed the education and credentials of advisors, they review advisors’ work histories to ensure that they have at least five years of relevant client-facing experience. Then, to fulfill their promise to help each client identify the best fit for their financial goals, Zoe’s experts interview the advisors. Only those who are objective, unbiased, and have reasonable fees for clients move to the next step. Next, wealth advisors are assessed on their subject-matter expertise, communication skills, financial and investment processes, and operational efficiency. Finally, the Zoe team evaluates the overall client experience offered to ensure advisors lead with and provide comprehensive wealth planning tailored to clients’ needs and goals. After completing this rigorous process, out of the total of applicants, only the top 5% of financial advisors in the United States get accepted. 

    Clients can connect with high-caliber firms through the Zoe Platform to manage their wealth, knowing that they are among the best independent practices in the country. In addition to Andres Garcia-Amaya, CFA, receiving a nomination for RIA Intel’s Industry Advocate Award, Zoe is proud to partner with firms honored by prestigious industry recognitions. The company is in partnership with several RIAs nominated for this year’s RIA Intel’s Inaugural Awards, WealthManagement.com’s “Wealthies,” and InvestmentNews’ 40 Under 40 awards. To mention a few, Creative Planning, Beacon Pointe Advisors, CAPTRUST, and Falcon Wealth Planning are finalists for RIA Intel’s 2022 Firm of the Year Award.

    Zoe-Certified Advisors are personable and client-centric in every decision. They focus on helping clients grow and protect their wealth while making their journeys enjoyable. For example, Jacky L Petit-Homme, CFP®, nominated for RIA Intel’s Advisor of the Year, embodies the values Zoe seeks when interviewing candidates for their Advisor Network. Moreover, Zoe-Certified Advisors such as Breanna Stott continuously demonstrate leadership qualities within the wealth management industry. Because of this, Breanna was honored as one of this year’s InvestmentNews 40 Under 40. 

    As a result of its vetting process, Zoe partners with professionals who aspire to create a significant impact and work every day to accomplish it. Individuals who exemplify this include Kevin Disano, Chief Growth Officer at Beacon Pointe Advisors; Gabriel Shahin, Principal and founder at Falcon Wealth Planning, Inc.; and Kara Duckworth, Managing Director of Client Experience at Mercer Advisors. This year, they are all finalists for WealthManagement.com’s Rising Stars award. 

    “We are pleased to congratulate the vast number of Zoe-Certified Advisors who are finalists for various prestigious wealth management industry awards. These wins for our Partners further validate the high standards of our vetting process and the rigor with which we qualify advisors. Guaranteeing the top 5% ensures that investors who use Zoe’s cost-free services connect only with the best wealth managers,” said Garcia-Amaya, CFA. 

    Learn more about Zoe at www.zoefin.com. 

    Find your wealth advisor: https://my.zoefin.com/onboarding.

    Join the Zoe Advisor Network at www.zoefin.com/join-as-an-advisor. 

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Partnership With National RIA, GreenUp Wealth Management LLC

    Zoe Announces Partnership With National RIA, GreenUp Wealth Management LLC

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    Press Release
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    Jun 1, 2022


    NEW YORK, June 1, 2022 (Newswire.com)
    –
    Zoe, a wealth platform that connects clients with the top five percent of wealth advisors in the country, announced its partnership with GreenUp Wealth Management LLC. After qualifying the firm through a meticulous vetting process, Zoe, recognized as one of Fast Company’s 2022 Most Innovative Companies, admitted GreenUp into their exclusive Advisor Network.

    GreenUp Wealth Management LLC was founded with the mission to guide and accompany clients through the journey to a fulfilling financial future. They promise to provide an elite wealth management experience that gives each client a financial guide to make their wealth work for them. The registered investment advisory firm (RIA) manages over $300 million in assets for over 300 clients nationwide.

    Each of the advisors in the firm offers a personalized and holistic wealth management experience to clients. They provide financial planning tailored to their unique goals, investment management and income strategies to meet their long-term objectives, and personalized tax, legacy, and estate planning. The firm prioritizes understanding its clients’ values and risk tolerance as a core part of the process. GreenUp wants the client to feel comfortable, knowing that their wealth plan aligns with their values and risk tolerance. The firm ensures the ride (financial planning progress) is as meaningful and enjoyable as the destination (goal accomplishment). 

    “Wealth management has a whole world of possibilities, and clients would be surprised with all that is possible with their money. We’re confident that GreenUp advisors have the right approach to guide and accompany clients in the journey of discovering the wide range of possibilities that their wealth can bring them,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder and CEO. 

    While working towards dreams-realization and personal wealth-building, GreenUp promotes a culture where people come first. Transparency, communication, and collaboration are crucial parts of the process. The GreenUp experience encourages clients to ask questions and make sure they understand what is going on throughout the process to ensure alignment and accountability.

    “Our partnership with Zoe makes sense because we have shared values and objectives. We both genuinely care about clients and are ready to go above and beyond to help them reach their goals. We are confident that working together is a way to continue transforming the wealth management industry towards personalization and client-centered experiences,” said Tony Schmitt, President & CEO of GreenUp Wealth Management. 

    Learn more about Zoe at www.zoefin.com. 

    Apply to join the Zoe Advisor Network at www.zoefin.com/join-as-an-advisor. 

    Learn more about GreenUp Wealth Management LLC at https://greenupwealth.com.

    About Zoe 
    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country.

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Partnership With Female-Led Wealth Management Firm Creative Financial Services

    Zoe Announces Partnership With Female-Led Wealth Management Firm Creative Financial Services

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    Press Release
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    May 19, 2022


    NEW YORK, May 19, 2022 (Newswire.com)
    –
    Zoe, a wealth platform that connects clients with the top five percent of wealth advisors in the country, announced its partnership with Creative Financial Services. Zoe, recognized as one of Fast Company’s 2022 Most Innovative Companies, is known for having a meticulous vetting process to qualify the firms admitted into their exclusive Advisor Network. 

    Creative Financial Services (CFS) is a leading female-owned registered investment advisory (RIA) firm headquartered in Colorado Springs, Colorado. Founded in 1999 and led by Jill Isbell, CFP®, CFS was born from the belief that empowering people through knowledge and understanding is the key ingredient to achieving significant financial goals. 

    CFS’ philosophy is that a robust financial planning process is the best way to create a financially secure life and represents the cornerstone of its services. Advisors at Creative Financial Services use their expertise and experience to develop tailored plans to unlock their clients’ peace of mind. In addition, the firm develops long-term partnerships with its clients through mutual integrity, respect, and a willingness to work together toward a shared objective. Creative Financial Services manages $60 million in assets for over 200 clients with a very personable approach to wealth planning. 

    “When starting their journey with a wealth planner, clients often focus on the immediate numbers, leading them to lose sight of the bigger picture. Stellar advisors know how to help them see the full picture and understand what it takes to achieve their long-term financial goals. Creative Financial Services’ structured approach to guiding their clients is thorough and effective,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder and CEO. “The firm has been a great addition to our exclusive network. We are proud to partner with the firm’s expert and trustworthy advisors,” he added. 

    The RIA’s team acknowledges that wealth protection and client understanding are core elements of a financial plan. Once they fully understand their clients’ immediate needs and goals, they present a prudent strategy to protect and grow their wealth. Then, Creative Financial Services advisors have the expertise to make ongoing adjustments as things change in clients’ professional and personal lives. The firm has extensive knowledge in areas that support individuals, families, and business owners. Whether it is retirement, estate, investment, or tax planning, the firm’s unique approach is to create strategies that protect their clients’ needs while planning for the future in a tax-efficient manner. 

    “We have been working with Zoe for a while now, and our experience has been gratifying. It is fulfilling to meet potential clients who are serious about their financial lives and looking for professional help. We are thrilled to see what the future of our partnership will bring for both of us and additional clients nationwide,” said Jill Isbell, CFP®, Owner and Senior Advisor at Creative Financial Services. 

    Learn more about Zoe at www.zoefin.com.

    Apply to join the Zoe Advisor Network at http://www.zoefin.com/join-as-an-advisor/ 

    Learn more about Creative Financial Services at https://www.create-wealth.com/ 

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact

    press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Partnership With Ohio-Based Firm, Defiant Financial Services, LLC

    Zoe Announces Partnership With Ohio-Based Firm, Defiant Financial Services, LLC

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    Press Release
    –

    May 12, 2022


    NEW YORK, May 12, 2022 (Newswire.com)
    –
    Zoe, a wealth platform recently recognized as one of Fast Company’s Most Innovative Companies, announced Defiant Financial Services, LLC as one of the RIAs (Registered Investment Advisor firm) of their exclusive Advisor Network. Thanks to their rigorous vetting process, Zoe only connects clients with the top 5% of wealth advisors nationwide. 

    With over 20 years of experience in the financial services industry, Aaron Vaughn, J.D., CFP®, APMA®, BFA®, founded Defiant Financial Services, LLC to offer clients a life-planning pathfinder, compass, and shield. Defiant educates and guides clients on the most optimal path to navigating their financial planning, estate planning, and wealth management needs with this three-pillar approach. 

    “Clients tend to have a clear definition of their financial goals, which become the north star of their financial plan. However, it can be tough to clearly see the money decisions they must make to achieve their desired wealth situation. As one of the firms qualified to be part of the Zoe Network, Defiant Financial Services, LLC has a unique way of guiding clients through their financial journey,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder and CEO. 

    Defiant’s ultimate goal is to help its pathfinding partners (how they refer to clients) live with abundance and peace of mind. To do so, the firm systematically, comprehensively, and regularly approaches clients’ financial well-being. They start by uncovering and understanding each person’s expectations and goals, then using their full picture vision and expertise to design a financial plan tailored to each client’s unique needs. 

    Defiant takes a comprehensive view of investments and leverages its wealth and tax management expertise to help clients achieve their desired financial outcomes. Through the Life Planning Pathway™ process, the firm uncovers and addresses all the potential opportunities or detours related to clients’ financial lives. 

    “Growing my firm with Zoe has been a great experience! It’s motivating to know that since our partnership started, we have been able to help several clients maintain and grow their wealth. I look forward to helping more people nationwide achieve their life goals with a clear and structured wealth plan,” said Aaron Vaughn, J.D., CFP®, APMA®, BFA®, Founder and Managing Member at Defiant Financial Services, LLC. 

    Learn more about Zoe at www.zoefin.com. 

    Apply to join the Zoe Advisor Network at www.zoefin.com/join-as-an-advisor/. 

    Learn more about Defiant Financial Services, LLC at https://www.defiantservicesllc.com/.

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces 3 Years in Partnership With Metanoia Financial

    Zoe Announces 3 Years in Partnership With Metanoia Financial

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    Press Release
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    May 5, 2022


    NEW YORK, May 5, 2022 (Newswire.com)
    –
    Zoe, an innovative wealth platform that connects potential clients with the top 5% of wealth advisors nationwide, announced its third year in partnership with Metanoia Financial. In April 2019, after being qualified by a meticulous vetting process, the RIA was accepted into Zoe’s exclusive advisor network. 

    Registered in 2010, Metanoia Financial seeks to help clients honor their priorities, manage their assets, and structure financial plans to bless their families for generations to come. Bobby Cremins, CFA, CFP®, CKA, founded the RIA to shift the focus from shareholders and executives at large financial institutions to clients and their well-being. Metanoia advisors are clients’ long-term financial partners, helping them sort out every aspect of their financial lives without stress or confusion. 

    Metanoia helps individuals and families with a desire to make wise and informed financial decisions at the right moment. Their team of experts has over 20 years of experience guiding people through the ups and downs of financial, retirement, and tax planning. The firm currently provides advisory services for over 106 clients for whom they manage $81 million in assets. Part of the firm’s promise is to give each client the attention they need to make money decisions that will guide them to a better financial future. Clients can connect with Metanoia advisors through the Zoe platform. 

    “Trust is the most solid foundation for a successful advisor-client relationship. Since the beginning of our partnership three years ago, Metanoia Financial advisors have proven to be a great addition to our exclusive network. They take the time to learn what their clients want and then create tailored and strategic plans to achieve those goals,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder and CEO. “We know that each client who gets connected to a Metanoia advisor will be meeting an interest-aligned, trustworthy, and expert advisor,” he added. 

    The Philadelphia-based firm is committed to offering an outstanding experience, ultimately geared towards becoming the household CFO (Chief Financial Officer) for each client. Their advisors are experts in all financial matters and are devoted to enabling clients to manage their wealth successfully. Metanoia advisors thrive in helping clients create strategic and unique retirement plans that cover every scenario. Their approach includes estate planning and legacy planning to ensure each client can feel stress-free about what will come next. In this way, their guidance is crucial to helping clients keep track of all the numbers, accounts, organizations, and rules that may affect their future.

    “Zoe has been a great partner for us. We enjoy working with others who stand by what we believe in, helping people achieve their life-long dreams through educated and confident money decisions. We look forward to working together to bring financial wisdom into the lives of more individuals, families, and businesses,” said Bobby Cremins, CFA, CFP®, CKA, Founder and President at Metanoia Financial. 

    Learn more about Zoe at www.zoefin.com. 

    Apply to join the Zoe Advisor Network at www.zoefin.com/join-as-an-advisor/

    Learn more about Metanoia Financial at www.metanoiafinancial.com/

    About Zoe 
    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com 

    Source: Zoe Financial

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  • Zoe Announces Partnership With Michigan-Based RIA, Pathway Financial Planning

    Zoe Announces Partnership With Michigan-Based RIA, Pathway Financial Planning

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    Press Release
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    Apr 28, 2022


    NEW YORK, April 28, 2022 (Newswire.com)
    –
    Zoe, an innovative platform that accelerates wealth creation by connecting potential clients with the top five percent of wealth advisors nationwide, announced Pathway Financial Planning as one of the RIAs in its exclusive Network. Recently recognized as one of Fast Company’s Most Innovative Companies, Zoe has a meticulous vetting process to accept the advisors who join their Network. Clients can connect with Pathway Financial Planning advisors through the Zoe Platform.

    In 2011, Greg Brown, CFP®, founded Pathway Financial Planning. With over three decades of investment experience, Brown’s purpose was to help people build wealth and plan for their future strategically. He sought to create a new type of financial planning that allows people to achieve their goals without the headache of complex jargon and the undeniable biases of hidden incentives.

    The Michigan-based firm works under the belief that with the proper guidance, a client can align their money with their goals and dreams to make them come true. With expertise in risk assessment, taxes and investment management, and retirement and financial planning, Pathway Financial Planning employs a three-step approach to removing the guesswork from their clients’ financial lives. First, they get to know their clients personally, develop a unique plan, and then help each client implement it and hold them accountable for the expected results. 

    “Sometimes, wealth management can seem overwhelming from a client standpoint. But great advisors find the right ways to simplify it and help their clients understand how making the right money decisions enables the achievement of their goals and dreams. That is exactly what Pathway Financial Planning does with each of its clients. We are happy to have them in our exclusive advisor network,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder and CEO. 

    One of the firm’s core values is transparency, and they always act in the clients’ best interest. Pathway Financial Planning is a fee-only wealth management firm, which means they only work for the client and get paid by the client. They don’t receive third-party commissions for product selling. Their philosophy is to simplify people’s financial lives. To do so, Pathway provides clients with a whole support system for driving their financial lives. The advisor acts as a household CFO, serving as clients’ accountability partner, wealth coach, professional organizer, financial planner, investment advisor, and sounding board throughout their ongoing relationships.

    “It is an honor to work with Zoe to help more people build and protect their wealth. Our shared client-centricity makes them the right partner for us to scale our business growth to align with our values and what we stand for. We look forward to helping more people take the guesswork out of their financial lives,” said Greg Brown, CFP®, Founder at Pathway Financial Planning.

    Learn more about Zoe at www.zoefin.com. 

    Apply to join the Zoe Network at www.zoefin.com/join-as-an-advisor.

    Learn more about Pathway Financial Planning at https://www.pathwayplanning.com. 

    About Zoe

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will connect with Zoe-Certified Financial Advisors across the United States based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country.

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Hiley Hunt Wealth Management as Part of the Zoe Advisor Network

    Zoe Announces Hiley Hunt Wealth Management as Part of the Zoe Advisor Network

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    Press Release
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    Apr 21, 2022


    NEW YORK, April 21, 2022 (Newswire.com)
    –
    Zoe, a wealth platform that connects potential clients with the best-suited advisors to build and grow their wealth, announced its partnership with Hiley Hunt Wealth Management. 

    Hiley Hunt Wealth Management was founded by Jason Hiley, CFP®, and Andrew Hunt, CFP®, in 2012. Jason and Andrew founded the firm to help women and family stewards achieve their lifelong dreams through prudent wealth management. Their inspiring mission comes from Jason’s own life story. Growing up, Jason observed the unique financial challenges that widows, like his mom, often face. As a result, their firm works with female breadwinners and business leaders, divorcees, and widows. They are known for working collaboratively with their clients to define their values, develop their goals, and create unique plans to position them for success. The firm currently manages $165 million in Assets under Management.

    Zoe, recently recognized as one of Fast Company’s most innovative companies, accepts only the top Registered Investment Advisors (RIAs) into its Advisor Network. After vetting Hiley Hunt Wealth Management, Zoe recognized the firm as one of the top 5% of RIAs nationwide. Clients can connect with Hiley Hunt advisors through the Zoe Platform, thanks to the partnership. 

    “Part of what makes the role of wealth advisors so challenging is the great responsibility their job entails. Not just because of the amount of money they manage on their clients’ behalf, but because of the impact the plans they make may have on people’s lives. Hiley Hunt Wealth Management advisors understand this, which makes them the right partner to have in our exclusive Advisor Network,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder & CEO. “They recognize wealth management as the convergence point where money and values meet,” he added. 

    Hiley Hunt’s philosophy is that the true measure of wealth is not the sum of one’s financial assets, but the life experiences made possible by those assets. They leverage their expertise and many years of experience to help widows, divorcees, and family stewards make the right financial decisions to increase the value of their wealth. As a fee-only wealth management firm, Hiley Hunt prioritizes transparency throughout the wealth planning process. Under this fee structure, their advisors are compensated solely by the client instead of receiving third-party commissions for selling products. 

    “Partnering with Zoe was a strategic decision. We like working with people we trust and who are as invested as we are in helping female clients achieve what they dream and deserve,” said Jason Hiley, CFP®, Partner & Co-Founder at Hiley Hunt Wealth Management. 

    Andrew Hunt, CFP®, Partner & Co-Founder at Hiley Hunt Wealth Management, also referred to the partnership: “We want every single one of our clients to feel peace of mind. This is why our partnership with Zoe makes sense. We want to continue helping more clients nationwide build towards a better future,” he said. 

    Learn more about Zoe at www.zoefin.com. 

    Learn more about Hiley Hunt Wealth Management at https://hileyhunt.com/ 

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will be matched with Zoe-Certified Financial Advisors across the United States, based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Partnership With JNBA Financial Advisors, RIA With Over 4 Decades in The Market

    Zoe Announces Partnership With JNBA Financial Advisors, RIA With Over 4 Decades in The Market

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    Press Release
    –

    Apr 12, 2022


    NEW YORK, April 12, 2022 (Newswire.com)
    –
    Zoe, a leading wealth platform recently recognized as one of Fast Company’s most innovative companies globally, announced their ongoing partnership with nationally ranked JNBA Financial Advisors. The Minneapolis-based firm qualified for and passed Zoe’s rigorous due diligence process as one of the country’s top five percent advisory firms, allowing clients to connect with JNBA advisors through the Zoe Platform. 

    Founded over 40 years ago with a mission to help guide people through life’s most important decisions, JNBA’s advisory team puts clients first by delivering customized financial life planning and investment strategies that help maximize their resources. The independent firm currently manages $1.4 billion in investable assets for nearly 1,000 clients and has maintained a 97% client retention rate since it began tracking in 2001. 

    The fee-only firm has received industry recognition, most recently CEO Richard S. Brown and JNBA being ranked by Barron’s as the top financial advisor in Minnesota for the second year in a row. This was in addition to being named to Barron’s Top 100 Independent Advisors in the country for the past seven consecutive years. 

    “Wealth advice should come from professionals who truly know you. Forming a deep understanding of a person’s pain points, passions, principles, and pursuits is the first and most important way to set a solid foundation for quality advice. JNBA has kept this at the core of their advice-driven by advocacy® approach for over four decades, which is why we partnered with them and are confident when connecting our clients with their advisors,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder & CEO. “They strive to not only be financial advisors; they seek to be their clients’ financial advocates. This mindset translates into wealth advisors who are devoted to the clients’ best interests at all times, consistently striving to find ways to use wealth as a tool to improve overall well-being.” 

    JNBA Financial Advisors leverages a team approach, reviewing client portfolios every 10 business days and driving the planning process, including strategy development and implementation with estate, tax, and risk professionals as appropriate. To help create a customized and integrated experience, each client works with a dedicated advisory team composed of professionals with diverse backgrounds and expertise. JNBA’s guidance can cover all the aspects of a person’s financial life, including estate and legacy planning, investment and risk management, retirement planning, and ESG investing. 

    “More and more, individuals and families are turning to online tools and resources to help find the right financial advisory team for their unique situation. We understand the positive impact forming a long-term relationship with a financial advisor can have on an individual and family’s life. Our partnership with Zoe supports that philosophy and has allowed us to meet clients nationwide,” said Kim Brown, President of JNBA Financial Advisors. 

    Learn more about Zoe at www.zoefin.com. 

    Learn more about JNBA Financial Advisors at https://jnba.com/.

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will be matched with Zoe-Certified Financial Advisors across the United States, based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    *As seen in the 2/22/10, 2/21/11, 2/20/12, 2/18/13, 2/24/14, 2/23/15, 8/24/15, 3/7/16, 8/29/16, 3/6/17, 9/18/17, 3/12/18, 9/17/18, 3/11/19, 9/16/19, 3/16/20, 9/14/20, 3/15/21, 9/20/21, & 3/14/22 issues of Barron’s magazine. Barron’s is a trademark of Dow Jones & Company, Inc. All Rights Reserved. Please Note: Limitations: Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if JNBA is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see link as to participation criteria/methodology, to the extent applicable). Unless expressly indicated to the contrary, JNBA did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of JNBA by any of its clients. ANY QUESTIONS: JNBA’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking. Please see important disclosures information at www.jnba.com/disclosure

    Source: Zoe Financial

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  • Zoe Launches the 2022 Client Acquisition Best Practices Report for Wealth Advisors

    Zoe Launches the 2022 Client Acquisition Best Practices Report for Wealth Advisors

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    Press Release
    –

    Mar 30, 2022


    NEW YORK, March 30, 2022 (Newswire.com)
    –
    Zoe, a leading New York-based wealth platform, launched an insightful resource for Registered Investment Advisors (RIAs) looking to improve their client acquisition strategies. The 2022 Client Acquisition Best Practices Report is the culmination of a rigorous cumulative research and analysis process. Zoe reviewed over 50,000 prospective client-advisor calls, thousands of emails, and hundreds of feedback forms submitted by prospective clients and Zoe Network Advisors. 

    Zoe, recently recognized as one of Fast Company’s most innovative companies globally, accelerates wealth creation through exceptional client experience and innovative technology. To connect clients with the best interest-aligned advisors nationwide, Zoe has a rigorous vetting process to select the advisors who join their Network; only the top 5% of advisors are admitted. Wealth management firms that qualify have access to Zoe’s dedicated partnership benefits, such as pre-qualified prospects, one-on-one coaching sessions, practice analytics, exclusive content, sales enablement tools, tailored marketing tools, and more. 

    This week, the company launched its 2022 Best Practices for Client Acquisition Report. The report encompasses the entire client acquisition process and includes data, sales process suggestions, and templates for advisors to convert prospects into long-term clients effectively and efficiently. In addition, it creates a seamless roadmap for advisor success by including how to prepare before meeting new prospective clients; the ideal agenda an advisor should lay out in an introductory call; the best ways to set next steps and to follow up, as well as the dos and don’ts for the second meeting. “I can’t emphasize enough how awesome this report is. Absolutely pivotal for our business operations and client acquisition processes that we’re continually trying to improve,” said John A. Herbert, CFP®, CPFA®, Managing Partner at Bowline Financial and Zoe Certified Advisor. While some of the information in the report is exclusive to advisors in the Zoe Network, the company has made a public version of the document, granting access to advisors outside of the Network as well. 

    The company hosted an exclusive pre-release session for Zoe Certified Advisors, where they disclosed additional insights from the Report. “We’re aware of how important it is to have great advisors on our Platform, and while our due diligence process validates a large part of this, we also feel entailed to help them become better at what they do every day,” said Christy Matzen, CFP®, Director of Financial Planning at Zoe, after hosting the live session. 

    “Zoe is the premier growth partner for advisors. We take this role seriously, and we continuously find ways to help RIAs in the Zoe Network improve their business and scale their growth,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder & CEO. “Our Best Practices Report is just one of the strategies we have developed to give advisors all the tools they need to deliver the high-quality service that clients deserve,” he added.

    Apply to the Zoe Network at https://zoefin.com/join-as-an-advisor/ 

    Find an Advisor at www.zoefin.com 

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will be matched with Zoe Certified Financial Advisors across the United States, based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • Zoe Announces Partnership With Female-Led RIA, SignatureFD

    Zoe Announces Partnership With Female-Led RIA, SignatureFD

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    Press Release
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    Mar 29, 2022


    NEW YORK, March 29, 2022 (Newswire.com)
    –
    Zoe, a leading wealth platform that connects clients with objective and interest-aligned wealth advisors, announced its partnership with an Atlanta-based, independent registered investment advisory firm (RIA). SignatureFD was qualified by Zoe’s rigorous vetting process and chosen as part of the top 5% of advisory firms nationwide. This partnership enables clients to connect with SignatureFD advisors through Zoe’s Platform, recently recognized as one of Fast Company’s most innovative companies globally. 

    SignatureFD has been established since 1997. They provide advisory services to over 1,500 client families, for whom they manage $6.9 billion in investable assets. The firm uses a comprehensive approach to help clients achieve their wealth goals. SignatureFD’s philosophy consists of understanding the difference between wealth and worth, knowing that what matters most is the achievement of better, rather than just the accumulation of money to have more. Each of their advisors believes and executes their day-to-day activities based on the importance of wealth planning personalization. In addition, they take the time to understand each client’s unique perspective and mindset to help them find the shortest path to Net Worthwhile™. 

    Ranking among Barron’s List of Top RIA firms for 2021, SignatureFD is recognized for paying particular attention to everything their clients consider important, focusing on helping them make confident money decisions. Six main values guide the firm, referred to as “The 6 Gs”—Greatness, Growth, Gratitude, Grace, Grit, and Generosity. 

    “We are honored to be one of the firms in the Zoe Advisor Network. This partnership is another way we are able to continue fulfilling our mission of helping 10,000 families achieve their Net Worthwhile™,” said Heather Robertson Fortner, MS, IACCP®, Partner & CEO at SignatureFD. 

    “Clients entrust us with a great responsibility when they choose us to find them the right advisor. When we connect them with an advisor on the SignatureFD team, we are confident that they will find high-quality guidance, focused on the unique ways their wealth can help them build their future,” said Andres Garcia-Amaya, CFA®, Zoe’s Founder & CEO. 

    Learn more about Zoe at www.zoefin.com.

    Learn more about SignatureFD at https://signaturefd.com/.

    About Zoe 

    Zoe was founded with one mission: to accelerate wealth creation through exceptional client experience and innovative technology. The company’s human experts, alongside powerful technology, remove the friction from the process of finding and hiring a financial advisor. Through Zoe’s Platform, you will be matched with Zoe-Certified Financial Advisors across the United States, based on your unique financial situation and objectives. Zoe’s thoughtfully curated Network of interest-aligned financial advisors includes only the top 5% in the country. 

    Contact: press@zoefin.com

    Source: Zoe Financial

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  • CDFA® Ivy Menchel Celebrates Second Anniversary of Leading NADP New York City Chapter

    CDFA® Ivy Menchel Celebrates Second Anniversary of Leading NADP New York City Chapter

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    Menchel serves as director of one of the NADP’s first New York City chapters, one of over 30 NADP chapters nationwide.

    Press Release
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    updated: Oct 15, 2019


    NEW YORK, October 15, 2019 (Newswire.com)
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    ​​​Ivy Menchel, Certified Divorce Financial Analyst (CDFA®) and the president and founder of Family Wealth Planning Partners, is celebrating her second anniversary as director of one of the National Association of Divorce Professionals (NADP)’s first New York City chapters. Menchel was chosen by the NADP because of her numerous career accomplishments, industry and community involvement, and leadership abilities.

    “It has been inspiring and motivating to regularly meet with these talented professionals who are committed to improving the divorce experience for clients going through this emotional process,” Menchel said. “It’s an honor to have had a positive impact on the members of our chapter.”

    The NADP is an invitation-only networking and educational organization for professionals whose work involves helping clients going through a divorce. The NADP thoroughly vets professionals before offering membership. Only select members are chosen for leadership positions in one of the organizations more than 30 chapters nationwide. Chapters meet monthly to network and learn more about topics that affect members’ divorcing clients.

    “We are proud to have such highly regarded professionals like Ivy in the NADP,” said Vicky Townsend, CEO and co-founder of the NADP. “Under her leadership and commitment, her chapter is making a very positive impact on divorcing families in New York City and beyond. We couldn’t ask for a more qualified and dedicated leader.”

    With over 25 years of experience in financial services, Menchel focuses her practice on helping divorcing clients, along with their attorneys and mediators, make sound financial decisions as they transition into the next phase of their lives. In addition to her work as a CDFA, she is also a Certified Financial Planner (CFP®) and Certified Business Exit Consultant (CBEC®), making her one of the few professionals in her field to hold all three certifications.

    Beyond her private practice, Menchel is widely regarded as a thought leader in her field. Among other works, she authored the workbook “Define Your Wealth” and co-authored the e-book “Navigating Your Divorce: Legal, Financial and Emotional Basics.” Menchel is also a prominent member of several professional organizations including the Association of Divorce Financial Planners, the Family Divorce and Mediation Council of Greater New York, and many others. 

    After two successful years leading her chapter, Menchel looks forward to making her third even better. “I’m looking forward to continuing to grow our practices, educate one another, and improve the divorce process to better support our clients,” she said.

    ###

    To learn more about Ivy Menchel visit her NADP profile or her website at http://www.familywealthpp.com/.

    About the NADP: The National Association of Divorce Professionals is an invitation-only organization that unifies highly vetted professionals who serve clients going through all stages of divorce. The NADP is committed to making a positive impact on the divorce process through strategic alliances, divorce-centered education, and comprehensive professional development. Please visit www.thenadp.com for more information.

    Media Contact:
    ​Vicky Townsend
    ​vicky@thenadp.com
    888-624-7365

    Source: The NADP

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  • Jack Uldrich to Present “The Big AHA” in Wealth Management

    Jack Uldrich to Present “The Big AHA” in Wealth Management

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    The School of Unlearning Founder, Jack Uldrich, will address a leading financial services firm in Charleston, SC.

    Press Release
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    Sep 13, 2016


    Charleston, SC, September 13, 2016 (Newswire.com)
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     According to the CFA, “The profitability of the private wealth industry has been declining, and the industry is now at a critical juncture. Its future will be determined by its willingness and ability to meet the challenges or opportunities posed by today’s digital world and to reassess its approach to client relationships, beginning with a thorough understanding of what really matters to private wealth clients.”

    Futurist Jack Uldrich makes it part of his mission to help prepare the financial management and accounting industries for those technological challenges and opportunities. 

    “Every business leader feels it and knows it–the world is changing at an accelerating pace…and they need to be willing to take action in the face of less-than-perfect information.”

    Jack Uldrich , Global Futurist

    Today, in Charleston, Uldrich will address a private wealth management firm with his keynote, “The Big AHA: How to Future-Proof Your Business.” The emphasis of the talk will be on the future of financial services and wealth management.

    Uldrich says, “Every business leader feels it and knows it — the world is changing at an accelerating pace. Business models are shifting, consumer behaviors and preferences are evolving swiftly. In such an environment, it ‘s hard to look ahead to the next quarter, let alone the next year. Still, business leaders must position their companies for continued success.”

    His answer to how to position themselves for success lies in his acronym, AHA. It stands for Awareness, Humility, and Action.

    “Organizations must strive to enhance their awareness of changes on the horizon; have enough humility to acknowledge that what served the business well in the past might not be sufficient tomorrow, and they need to be willing to take action in the face of less-than-perfect information,” says Uldrich.

    Business leaders are often unwilling to “unlearn” certain things about their industry. “In fact, we may not even realize we have anything to unlearn,” he said. Uldrich explained the reason so many businesses experience disruption isn’t simply because they didn’t see the change coming; it is because they couldn’t let go of their assumptions soon enough, in other words, they couldn’t unlearn fast enough. 

    Think: Blockbuster, Borders, and RIM (BlackBerry). In each case, the companies held on too long to old ideas about customers’ preferences, the strength of the prevailing business model or the true nature of their competition. “What might you need to unlearn today to succeed tomorrow?” he asks.

    Uldrich suggests: “If you broaden your awareness of the periphery, stay humble about the need to unlearn and become an active thinker, you will come to your ‘A-HA’ moments and better position yourself and your organization for the future.”

    Following his talk in Charleston, Uldrich will head to Arizona where he will deliver a keynote at to the World Presidents Organization in Sedona, Arizona at the Soul Fuel Conference.

    Jack Uldrich is the author of 11 books, including “The Next Big Thing is Really Small.”  His other written works have appeared in The Wall Street Journal, BusinessWeek, The Futurist, Future Quarterly Research, The Wall Street Reporter, Leader to Leader, Management Quarterly, and hundreds of other newspapers and publications around the country. He is also a frequent guest of media worldwide, having appeared on CNN, MSNBC, and National Public Radio on numerous occasions. 

    For more information on Jack Uldrich’s speaking, writing, and workshops, please visit his website.

    Source: The School of Unlearning

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