Tag: Money Management
Building a Trusting Relationship with Your Financial Advisor (Ep.27)

Building a Trusting Relationship with Your Financial Advisor (Ep.27)

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Let’s discover how frequent, personalized communication can make a significant impact on your retirement planning.

In this episode, Ryan Poterack sheds light on the unparalleled importance of building a personalized relationship between advisors and clients. By focusing on both the financial and personal aspects, PCA helps soon-to-be retirees overcome pre-retirement anxiety with insightful tax planning and asset allocation strategies. 

Key episode discussion points include:

  • Building a candid relationship through frequent, personalized communication is key to successful financial planning
  • Recognizing and addressing individual client stories, fears, and biases can lead to better financial outcomes
  • The importance of tailored tax planning based on each client’s unique financial situation.
  • Frequent, personalized communication helps in understanding the client’s real needs and objectives, reducing the risk of misalignment

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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When to Hire a Wealth Manager & Other Insights for Young Investors (Ep.20)

When to Hire a Wealth Manager & Other Insights for Young Investors (Ep.20)

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Are you navigating financial planning as a young professional or gearing up for retirement? 

Alec Quaid sheds light on the common misconceptions about wealth management among young investors. Learn why starting early can be your biggest financial leverage, how to manage student debt without pausing your life, and why the decisions you make today matter more than you think. 

Plus, uncover investment strategies that go beyond the spreadsheet, ensuring your financial plans mature as beautifully as you do. 

Discussion points include:

  • Deciding when to engage a wealth manager  
  • Effective management of student debt and its relationship with financial stability and future growth
  • How understanding the power of time can transform your approach to retirement savings
  • Constructing a personalized strategy that aligns with your values, objectives, and life situation 
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Unveiling the Hidden Costs in Your Investments (Ep.19)

Unveiling the Hidden Costs in Your Investments (Ep.19)

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Let’s talk about the fees involved with investing your money, even those pesky hidden ones.

Ryan Poterack is discussing the importance of understanding fees in investments and how they impact returns. Ryan emphasizes the significance of value over cost, highlighting that fees should be equated to the value and services provided. 

The discussion explores the various types of fees, including visible ones like advisory fees and expense ratios, and hidden costs like trading fees and turnover expenses.

Episode discussion points include:

  • The various fees in financial management & related fees to the value provided by advisors
  • Behavioral coaching helping people make informed, rational decisions amid market uncertainties and emotional triggers
  • The benefits of seeking professional help & the value of time, desire, and knowledge that a wealth manager can provide to enhance investment strategies
  • Why fees are not necessarily small and how they can impact investment returns significantly
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Maximizing The Value of Your Inheritance & Ensuring Family Harmony (Ep.18)

Maximizing The Value of Your Inheritance & Ensuring Family Harmony (Ep.18)

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Transferring or inheriting wealth is not as simple as something like “Venmo”. It should require a strategic wealth transfer plan.

Let’s learn how to make one.

Ryan Poterack is exploring the intricate world of inheritance and legacy planning with Certified Financial Planner, Alec Quaid. The discussion skillfully navigates the emotionally charged landscape of receiving an unexpected windfall, including the murky waters of taxation, asset allocation, and the crucial role of proper estate planning. 

Through real-life scenarios and expert insights, this episode sheds light on the delicate balance of grief, finances, and family dynamics that come into play when managing an inheritance. 

Key discussion points include:

  • The emotional impact of inheriting money including unexpected windfalls and the psychological differences in handling inherited wealth
  • Various tax implications of inheriting and transferring wealth
  • Facilitating open communication in families regarding estate planning and discussing inheritances
  • The value of seeking advice from a qualified wealth manager during this time
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

Meet the team at Poterack Capital Advisory

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How To Find The Right Financial Advisor With Alec Quaid (Ep.15)

How To Find The Right Financial Advisor With Alec Quaid (Ep.15)

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It’s time to interview your new financial advisor. 

What questions do you ask, and how do you know they’re the right fit for you?

Ryan Poterack and Alec Quaid discuss the critical role of personal values in financial planning, emphasizing a holistic approach to retirement that includes lifestyle goals alongside financial strategies. 

They highlight the importance of vetting wealth managers, understanding their compensation structure, and ensuring they act as fiduciaries. The conversation also covers the benefits of boutique firms, the necessity of data security, and staying updated with industry advancements. 

Discussion points include: 

  • The questions you should ask your potential financial advisor
  • The difference between fee-based vs. commission-based advisor
  • Red flags in financial advisors
  • Understanding fiduciary standard and how this approach puts YOU first
  • And more

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

Connect with Alec Quaid, CFP®

About our Guest: 

Alec is a Certified Financial Planner™ Professional who is dedicated to serving people through the platform of financial planning. He takes great pride in helping people accomplish their goals and enjoys helping his clients gain confidence in their financial futures. He is very passionate about educating consumers on the key things to look for in an advisor and also the things that should be cause for concern. Alec has been featured in multiple national publications such as the Wall Street Journal, Forbes, InvestmentNews, and MarketWatch. He serves with multiple organizations including at his local church, Board Member with the Colorado Financial Planning Association, Committee Chair at the Aurora Chamber of Commerce, and as a member and speaker with the nonprofit RoadMap for Aging.

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Life Isn’t Lived On a Spreadsheet: Here’s Why with Ryan Poterack (Ep.1)

Life Isn’t Lived On a Spreadsheet: Here’s Why with Ryan Poterack (Ep.1)

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It’s time to stop living your life through spreadsheets and static plans and start focusing on what really matters.

Introducing Life Isn’t Lived On a Spreadsheet with your host, Ryan Poterack from Poterack Capital Advisory 🎉

In the inaugural episode, Ryan sheds light on his career in financial services, his passion for helping individuals and families navigate the transition into retirement, and his firm’s approach to understanding each client’s unique set of goals and values.

Ryan also explores the role faith plays in his life and some of the inspiring reasons he decided to start this podcast. 

Ryan discusses: 

  • His journey in financial services
  • What faith and family truly mean to him and the roles they play in his personal and professional life 
  • His fresh perspective on financial planning: Ways he’s implementing his holistic approach to retirement planning
  • Topics he will be covering in his podcast
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

About Your Host:

Ryan Poterack is passionate about problem-solving. There are no magic bullets or one-size-fits-all solutions. Customized solutions start with more facts, questions, and listening. Everyone has unique life experiences, personal objectives, and biases and doesn’t know what they do not know. Coordinating qualitative and quantitative client information is essential to fiduciary recommendations.

As CEO & Wealth Manager at Poterack Capital Advisory, Ryan leads a virtual firm focused on helping highly paid executives to optimize tax efficiency and manage their wealth so they can enjoy their best life and create a financial legacy.

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