Series 1: Planning First
Discovery: What does money mean to you?
Senior financial advisors Chip Pyfer and Sarah Wotherspoon share the key component to creating an effective financial plan: working with an advisor who understands you and your goals, wishes, and needs. They also discuss why it’s beneficial to you to have a financial plan in place before investing your portfolio. (5 min.)
The future: Do I have enough money?
You may have the financial resources to take a high degree of risk in your portfolio, but how much risk can you handle emotionally? In this chapter, Chip and Sarah discuss the difference between risk capacity and risk perception, and how vital it is to align the two with each client’s unique circumstances to provide the best portfolio for them. (4 min.)
Client story: Balancing economics and emotions
Sarah recounts a story about a client who had the choice of either paying off her mortgages or continuing to pay them down over time to enjoy a low interest rate. While one of those choices was more financially beneficial to the client, the other choice was psychologically superior to her. Watch the video to find out which choice the client ended up making and why. (1 min.)
We value clients, colleagues and collaboration
Learn about the golden rules at Private Ocean and why when you’re happy, we’re happy. (5 min.)
Introduction to Frank & Fred
A look at Frank and Fred, two men with very different backgrounds and career trajectories who share a love of mathematics and problem solving. Each began his career as an engineer and ended up in finance. Each ultimately finds that helping clients with their investing challenges is a richer and more satisfying use of their problem solving skills. (5 min.)
Career Paths and Ethics
60+ years of heavyweight finance industry experience as well as current academic appointments reinforce each man’s commitment to continuing education, best practices and an ethical standard that is beyond fiduciary. They may be the “smartest guys in the room”, but that’s not good enough. (12 min.)
The foundations of the Private Ocean investment philosophy are revealed in this discussion on the scientific and behavioral aspects of investing, the effect of market downturns on investment professionals, and the essentials of risk tolerance. (7 min.)
Why You Need a Wealth Manager
Fred drills into the technical side of investing with an illustration about high-yield bonds during the recent credit crisis. The interview continues with an explanation of a diversified portfolio and portfolio efficiency as benchmarks of success. This is a technical yet very accessible discussion. (7 min.)