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The Long View

Josh Brown: 'Standardize the Process, Personalize the Advice'

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5775 Ratings

🗓️ 26 June 2019

⏱️ 54 minutes

🧾️ Download transcript

Summary

The Ritholtz Wealth Management CEO discusses his transition from broker to advisor and why client portfolios should have fewer assets, not more.

Transcript

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0:00.0

At Jackson, we've created a digital retirement planning experience with you and mine.

0:05.5

Visit jackson.com to explore our easy-to-understand resources and user-friendly tools

0:10.1

that are designed to enable financial professionals and clients to plan a path to financial freedom.

0:15.5

Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,

0:20.5

and Jackson National Life Insurance Company of New York, purchase New York.

0:26.5

Please stay tuned for important disclosure information at the conclusion of this episode.

0:32.5

Welcome to the Longview. I'm Jeff Patak, Global Director of Manager Research for Morningstar Research Services.

0:38.2

And I'm Christine Ben's, Director of Personal Finance for Morningstar.

0:41.8

Our guest in this week's episode of The Longview is none other than Josh Brown, CEO of Ritholt's

0:47.0

wealth management. Josh's story is unique and inspiring. He began his career as a broker,

0:53.0

but grew disillusion with the industry's skewed incentives

0:55.3

and practices, eventually pursuing a career as an independent registered investment advisor.

1:00.9

Along the way, Josh managed to author an acclaim book, Backstage Wall Street, and build an

1:06.0

enormous following around his blog, The Reform Broker, as well as his Twitter handle,

1:10.6

at Reform Broker.

1:12.1

Now he oversees Ritholtz's day-to-day operations in addition to his other duties, which

1:16.7

include serving as a regular contributor on CNBC, as a member of the FinTech firm Bright Scopes Advisory

1:22.7

Board, and most recently as a technical advisor on the Showtime hedge fund drama billions. If it seems like

1:29.1

Josh is everywhere, that's not far from the truth. Today, he's here as our guest and we're very

1:34.3

pleased to have him. Josh, welcome to the Longview. Thank you so much for having me, guys. Thank you so

1:38.9

much for doing this. It's my pleasure. Christine, you're like a legend. I've been reading your stuff since forever. I'm really

1:45.9

excited. So, Josh, some of our listeners, I think, are familiar with your background, but not all of

...

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