Passive Income Investments: 5 Financial Advisor Insights On Picking The Best Fund
Are you aware of the types of risk involved in fund management?
In this podcast episode of The Legacy Wealth Podcast, I interviewed w/ Brannon Fisher, Client Advisor @ Simon Quick Advisors, LLC. He is responsible for new business development and works closely with Simon Quick Advisors' New Jersey-based Client Advisory team to provide services to our valued clients. In this episode we cover:
- Diversifiers vs Return Generators - How to think about each passive investment
- 3 traits financial advisors look for when evaluating a fund manager in person
- The pros & cons of Institutional vs Indie Funds
- And so much more…
// About The Guests:
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Brannon joined Simon Quick, a financial advisory firm, in 2019 and established the firm’s office in Denver. He focuses on business development and advising clients. Prior to joining Simon Quick, he was director of client relations and a registered investment advisor representative for another Denver-based asset management firm. Among many accolades, Brannon is a Certified Financial Planner. He holds degrees from Colgate University, CU-Boulder, and Dominican University of California. He is President of the Rocky Mountain Estate Planning Council; he serves on the Finance Committee for the Ball Brothers Foundation;, and much more.
Pascal Wagner is the founder of Grow Your Cashflow which was formed to help accredited investors learn how to earn consistent passive income from private investments. Previously, he was the Fund & Portfolio Manager at Techstars, making over 300 follow-on investment decisions primarily for the Techstars Ventures ‘17 and ‘21 Funds, he founded Walkthrough, which was acquired by PlanOmatic in 2019, he founded Online Ad Labs which was acquired by PosterBrain in 2016, and he has owned a growing portfolio of real estate properties across the United States since 2013.
// About The Show:
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Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.
// Links Related To This Episode:
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- Learn how to earn passive income from private investments: www.growyourcashflow.io
- Get access to our deal database of all 506(c) cashflow opportunities we come across at: www.growyourcashflow.io/investor-club
- Follow Pascal Wagner on Social: www.investwithpascal.com
- Follow The Legacy Wealth Podcast on your favorite platform: https://legacywealthpodcast.transistor.fm/
- Watch the show on YouTube:
- Reach out to Brannon Fisher on Linkedin: https://www.linkedin.com/in/brannon-fisher-cfp%C2%AE-b45a2b2/
- Learn more about Simon Quick Advisors, LLC: https://simonquickadvisors.com/
// Key Time Stamps & Topics
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00:00 - Intro
01:11 - Brannon's Background and role at Simon Quick Advisors, LLC
03:10 - Brannon mentions the types of clients who seek their services
04:15 - How Simon Quick makes money
05:00 - The problems clients aim to solve when approaching them
05:30 - Brannon discusses clients with generational wealth.
06:00 - Why someone would choose financial advising over fund management
07:00 - The role of financial planning in their advisory services
08:15 - The importance of financial planning for strategic investments
09:00 - The typically dry but essential aspects of financial planning
10:15 - The role of financial advisors in tax efficiency and estate planning
12:27 - The idea of helping clients align with their original investment goals
13:45 - Helping clients develop investment theses and discusses their internal research capability
16:30 - The importance of a wealth management team for high-net-worth individuals
17:45 - The personalized and non-commoditized nature of multifamily office services
19:15 - The threshold need to find their own advisors
19:45 - Advisors for the mass affluent sector can refer clients to trusted complementary advisors
20:30 - Brannon recommends having a team of advisors who collaborate and align on the client's goals
22:39 - Pascal asks about the criteria for fund selection
23:02 - The due diligence process and criteria, including management team evaluation
23:30 - The goal of analyzing various types of risk in fund managers
24:45 - The importance of trust in the fund manager's ability to preserve wealth
26:07 - Risk tolerance and client preferences
27:30 - The maturation cycle of funds and the types of investors at different stages
28:00 - The shift from friends and family investors to high-net-worth individuals
29:00 - The preference for more institutional managers
29:35 - Brannon explains his presence at the DLP event and his interest in DLP as a potential investment
30:30 - Brannon discusses what he observes in terms of manager partnerships during events
31:30 - The maturation cycle and the type of trust required when LPs are friends and family
32:45 - Brannon expresses a preference for more institutional managers but notes that small funds can also be attractive
33:15 - The importance of finding a sweet spot in terms of fund size
33:35 - Pascal asks about Brannon's career and the number of approved funds
33:51 - The concept of wallet share and clients' varying levels of investment
34:07 - Scenarios where clients provide different portions of their wealth for management
34:45 - Brannon emphasizes that clients often invest outside of Simon Quick
35:31 - The use of asset allocation targets and ranges
36:00 - Brannon discusses the approach to macroeconomic and market conditions
37:45 - The selection of managers who create mutual funds
39:08 - The spectrum of client involvement in decision-making
40:23 - The potential variation in mindset for clients with substantial wealth
41:27 - Conversations with clients often cover topics beyond investments
42:21 - The different approaches of clients based on their financial situations
43:34 - Potential variations in client mindsets based on their wealth and goals
45:30 - Brannon advises categorizing alternative investments as diversifiers and return generators.
48:15 - Brannon recommends focusing on diversification for business owners with concentrated private equity exposure.
51:30 - Brannon explains that some alternative investments can be easier to understand than public markets
52:30 - The role of regulations in making alternative investments less accessible to the masses.
53:45 - The emergence of evergreen fund structures and their impact on lowering minimum investments
56:00 - Brannon discusses how firms can negotiate lower fees and minimums by aggregating client capital.
57:19 - Outro
Creators and Guests
Host
Pascal Wagner
I help accredited entrepreneurs & executives in the US replace their primary income through private investments.
Guest
Brannon Fisher
Brannon joined Simon Quick, a financial advisory firm, in 2019 and established the firm’s office in Denver. He focuses on business development and advising clients. Prior to joining Simon Quick, he was director of client relations and a registered investment advisor representative for another Denver-based asset management firm. Among many accolades, Brannon is a Certified Financial Planner. He holds degrees from Colgate University, CU-Boulder, and Dominican University of California. He is President of the Rocky Mountain Estate Planning Council; he serves on the Finance Committee for the Ball Brothers Foundation;, and much more.
