Know Your Options: The Measured Risk Podcast

In this episode, Bernard Surovsky and Larry Kriesmer speak with Dan Passarelli, a

highly respected options trader, and educator who has built a comprehensive

curriculum in options trading from his extensive experience in the industry.

Starting his career by knocking on doors at the Chicago Board of Trade, he

eventually became a market maker, gaining invaluable experience on the trading

floor. Passarelli’s curriculum covers everything from the basics of options

trading to more advanced strategies such as covered calls, cash-secured puts,

and an earnings trading system. He believes in the “smart income system,” which emphasizes the importance of planning and strategy, and sees options trading as a way to give back and help individual traders.

Dan Passarelli is the Founder and CEO of Market Taker Mentoring, a leading

option-trading education firm that provides online options training, newsletters, and personalized one-on-one coaching for options traders. He has trained over 100,000 traders in 50+ countries—many who have seen results good

enough to become full-time pro traders.

After beginning his trading career on the floor of the CBOE as an equity options

market maker, Dan joined the company’s Options Institute and began teaching

both basic and advanced trading concepts to traders, brokers, money managers,

and market makers. In addition to his work with the CBOE, he has been an

invited speaker and taught options strategies at the OIC, ISE, CME Group,

Shanghai Futures Exchange, and many leading options-based brokerage firms—both nationally and abroad. Dan has a passion for sharing his knowledge and expertise in options trading, and he has authored two high-selling option-trading books, Trading Option Greeks and The Market Taker’s Edge. He is a frequent contributor to Bloomberg Business Television, FOX Business News, The TD Ameritrade Network, The Street, and CBOE TV; he is a resource to print journalists on markets, trading, and investing; and he shares trading strategies in well-attended online webinars.

Whatyou’ll learn about in this episode:

– Get acquainted with the “smart income system,” involving covered calls

and cash-secured puts, and learn how to implement these strategies effectively

to enhance your income potential.

– Dive into more sophisticated strategies like credit and time spreads, including iron condors, and understand how to use them effectively.

– Learn how technological advancements in electronic trading have reshaped the

landscape and how you can adapt to these changes for more efficient trading.

Measured

Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

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R. J. Kelly is the Founder and Chief Visionary Officer of Wealth Legacy Group®, Inc. in San Diego, California, a company specializing in the diverse needs of closely held business and professional families. Creator of the Critical Actions Roadmap™, R. J. and the WLG “tribe” develop comprehensive plans that maximize investment and asset growth, mitigate risk, create clarity in family legacy & issues of philanthropy, and facilitate business succession and exit strategies. He also Co-Founded and was Program Manager for twelve years of the non-profit, The Center for Wealth & Legacy™, an organization which presented over fifty community events, including the annual “Lasting Legacy & Inspiration Awards™” and the tri-annual “Leadership Insights Forum™”.

R. J. has been in the financial services industry since 1977. He is a Chartered Life Underwriter®, Chartered Financial Consultant®, Retirement Income Certified Professional®, a Chartered Advisor in Philanthropy®, has a master’s in financial services with an emphasis in taxation, and is an Investment Advisor Representative of Wealth Legacy Group®, Inc., an independent Registered Investment Advisor. Additionally, he has earned the Accredited Estate Planner (AEP®) designation, recognizing a graduate-level specialization in estate planning, and the Certified Exit Planning Advisor designation, an executive MBA-style program that trains and certifies qualified professional advisors in the field of exit planning for business owners. R. J.’s latest education is the Wealth Management Certified Professional designation, which provides training in the intersection of retirement planning and wealth management skills to address the complex needs of financially successful clients.

What you’ll learn about in this episode:

• Discover the vital role of tax mitigation strategies in achieving financial success.
• Learn how to plan for future generations and philanthropic endeavors while navigating the intricacies of taxes and financial planning.
• Explore how assets held in trusts offer robust protection against creditors, divorce, and excessive taxation.
• Uncover the art of strategic philanthropy and its ability to both reduce tax burdens and support causes close to your heart.
• Delve into the debate of AI versus human advisors, and why human expertise remains indispensable, especially for those on a budget.
• Gain insights into the core mission of financial professionals—to untangle complex financial issues and secure your financial future.

Guest Resources:

https://wealthlegacygroup.com

https://www.linkedin.com/in/wealthlegacygroup/

https://twitter.com/WealthLegacyGrp

https://www.youtube.com/channel/UCr0BcxBgvQSxvo1wVaJgFLw

https://www.facebook.com/WealthLegacyGroupInc

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

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On this episode, hosts Bernard Surovsky and Larry Kriesmer interview Matt Page, a financial planner at Lucas Group Financial Partners in Sacramento, California. In this episode, they explore topics such as anticipating clients’ cash flow needs, the evolution of investment products, and the challenges the bond market faces. The hosts also touch on industry improvements, marketing strategies, and the importance of understanding clients’ psychological and emotional needs. Matt’s prediction that stocks will perform well over the long term is just the cherry on top.

Matt Page is a Partner at Lucas Group Financial Planners, Inc., which has been providing financial planning and wealth management services to clients for over 40 years. Matt is aCertified Financial Planner with more than two decades of experience. Throughout this time, he has shown his commitment to offering a high level of service and actionable insights to clients about their finances.

What you’ll learn about in this episode:

• How comprehensive financial planning involves fitting all the pieces of a client’s financial life together based on their goals and needs.

• Why asset allocation strategy should consider clients’ cash flow needs and adjust investments accordingly.

• How building relationships and understanding the psychology of financial planning are crucial in serving clients effectively.

Matt Page Resources:

https://lucasplanners.com

https://facebook.com/twentyoverten

https://twitter.com/twentyoverten

https://instagram.com/twentyoverten

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

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In this episode, Bernard Surovsky and Larry Kriesmer interviewed Fernando Reyes, a financial advisor at EP Wealth Advisors. Reyes shares his journey from banking to financial advising, discussing his early career, his transition to EP Wealth Advisors, and his approach to financial planning. He emphasizes the importance of trust in client relationships and proactive planning for potential challenges. Reyes also discusses his firm’s investment strategy and his focus on behavioral finance. 

As a wealth advisor, Fernando is eager to maintain strong and healthy relationships with his clients while leveraging complex wealth strategies designed to achieve their financial goals. Most recently, he has focused on structuring and presenting financial plans to cover topics such as cash flow, investment analysis, wealth transfer planning, estate planning solutions, business succession, tax planning, and asset protection. He has worked previously for Wells Fargo, City National Bank, and MUFG Union Bank, compiling much knowledge and experience over the years. Fernando received his MBA with a specialization in finance from Cal State Long Beach. He holds the CERTIFIED FINANCIAL PLANNER™ designation.

What you’ll learn about in this episode:

–       Learn essential strategies and approaches newcomers to the banking sector should adopt, such as building trust, identifying opportunities, and overcoming common challenges.

–       Understand the importance of a proactive and foresightful approach to financial planning.

–       Discover the significance of behavioral finance in helping clients make informed and rational financial decisions.

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Justin Neuberg, managing partner and co-manager at Convergence Investment Partners, LLC. Justin shares his journey from the dot-com boom to the financial services industry, emphasizing his appreciation for Convergence’s systematic approach to stock selection. He explains the factors used in their stock selection process, including earnings and sales momentum. Justin also discusses their scoring methodologies, portfolio weighting, and risk management strategies. He touches on the impact of technology in the financial services industry, mentioning that while it has made specific strategies easier, he doesn’t see any immediate game-changing technologies.

Justin Neuberg is a managing partner and co-manager at Convergence Investment Partners, LLC, for all the firm’s products. He joined the firm in 2013 and is actively involved in the day-to-day research, monitoring, and management of each of the investment products at Convergence. Justin oversees the ongoing research of factor effectiveness, portfolio exposures, and the empirical results for the company’s fundamentally based products. In addition, Justin focuses on risk assessment and risk management for various portfolio strategies. Justin has an extensive background in investment analytics and investment research. He has worked in financial services since 2002. Prior to joining the firm, Justin was an analyst and portfolio strategist at Mariner Wealth Advisors and CBIZ Wealth Management. During these years, he worked to develop a bond issuer scoring system that ranked over 400 corporate issuers on real-time financial statistics. Mr. Neuberg also developed a quantitative scoring system to rank global equity offerings based on company-specific metrics for an Equity Income product as the product’s lead analyst. Justin is a CFA charterholder with a bachelor’s degree in physics from the University of Virginia and an MBA (finance) from Georgetown University. He is also a member of the Chartered Financial Analyst Society of San Diego.

What you’ll learn about in this episode:

–       Unlock the 15 crucial factors Convergence uses to pick winning stocks.

–       Invaluable insights on sidestepping common risks in-stock selection.

–       Get a behind-the-scenes look at how top firms rank stocks.

–       Discover the art and science behind Convergence’s portfolio weighting strategies. Learn how they maximize returns while minimizing risks.

–       Learn how technology is reshaping finance – find out what’s just hype and where the real future opportunities lie.

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

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In this episode, Bernard Surovsky and Larry Kriesmer speak with Van Carlson, CEO and founder of SRA, to discuss captive insurance and the 831(b) tax code. Van explains that captive insurance is a risk mitigation tool that allows business owners to deduct and defer income for management purposes. He discusses the different types of captives and gives examples of businesses using captives for self-insurance.

Van Carlson is the Founder & CEO at SRA and has over twenty-five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.

What you’ll learn about in this episode:

– Discover how Captive Insurance, utilizing the 831(b) tax code, offers business owners a unique opportunity to manage income while effectively mitigating risks strategically.

– Explore how Captive Insurance goes beyond tax benefits, allowing businesses to self-insure across various industries safeguarding against unforeseen events like the COVID-19 pandemic.

– Gain insights into the current challenges within the insurance market, including policy exclusions and legal disputes.

Guest Resources:

https://www.831b.com/team/

https://www.linkedin.com/company/sra-831b

https://vimeo.com/831b

https://www.youtube.com/channel/UC8QJwR1FlAzdAgmC8UYsnWg

https://www.facebook.com/SRA831b/

https://www.instagram.com/sra831b/

https://twitter.com/SRA831b

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer speak with Jeremy Wallace, the founder of Wallace Hart, a financial firm. They discuss Jeremy’s background in the financial services industry and his decision to start his own firm. They also talk about their experiences with the market and their investment strategies. Jeremy shares the launch of the Wallace Hart Momentum Fund, a hedge fund that takes advantage of market movements. They also discuss the importance of technology in their practice and the need for financial literacy. Jeremy mentions his firm’s philanthropic efforts and their support for technical workers.

Jeremy has nearly two decades of experience. He has worked at UBS Financial Services and Merrill Lynch. With a degree in International Economics from Emory University, and a certificate in Financial Planning, Jeremy has opened his own firm to offer independent and comprehensive advice to his clients.

In his free time, he enjoys spending time with his wife, Julie, and their three children, Isabel, Lincoln and Reid. He is an avid Chicago Cubs baseball fan and enjoys golfing with his wife and traveling with his family.

What you’ll learn about in this episode:

·      The concept of the “perfect investment” and the importance of considering alternatives.

·      Focus on long-term investment performance rather than short-term fluctuations.

·      Financial advisors aim to help clients achieve long-term goals and manage risk, particularly for clients with limited capital or experience.

·      The use of technology tools and a commitment to philanthropy reflect the modern values and responsibilities of financial firms.

Guest Resources:

https://wallacehart.com

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

Learn more about your ad choices. Visit megaphone.fm/adchoices

R. J. Kelly is the Founder and Chief Visionary Officer of Wealth Legacy Group®, Inc. in San Diego, California, a company specializing in the diverse needs of closely held business and professional families. Creator of the Critical Actions Roadmap™, R. J. and the WLG “tribe” develop comprehensive plans that maximize investment and asset growth, mitigate risk, create clarity in family legacy & issues of philanthropy, and facilitate business succession and exit strategies. He also Co-Founded and was Program Manager for twelve years of the non-profit, The Center for Wealth & Legacy™, an organization which presented over fifty community events, including the annual “Lasting Legacy & Inspiration Awards™” and the tri-annual “Leadership Insights Forum™”.

R. J. has been in the financial services industry since 1977. He is a Chartered Life Underwriter®, Chartered Financial Consultant®, Retirement Income Certified Professional®, a Chartered Advisor in Philanthropy®, has a master’s in financial services with an emphasis in taxation, and is an Investment Advisor Representative of Wealth Legacy Group®, Inc., an independent Registered Investment Advisor. Additionally, he has earned the Accredited Estate Planner (AEP®) designation, recognizing a graduate-level specialization in estate planning, and the Certified Exit Planning Advisor designation, an executive MBA-style program that trains and certifies qualified professional advisors in the field of exit planning for business owners. R. J.’s latest education is the Wealth Management Certified Professional designation, which provides training in the intersection of retirement planning and wealth management skills to address the complex needs of financially successful clients.

What you’ll learn about in this episode:

• Discover the vital role of tax mitigation strategies in achieving financial success.
• Learn how to plan for future generations and philanthropic endeavors while navigating the intricacies of taxes and financial planning.
• Explore how assets held in trusts offer robust protection against creditors, divorce, and excessive taxation.
• Uncover the art of strategic philanthropy and its ability to both reduce tax burdens and support causes close to your heart.
• Delve into the debate of AI versus human advisors, and why human expertise remains indispensable, especially for those on a budget.
• Gain insights into the core mission of financial professionals—to untangle complex financial issues and secure your financial future.

Guest Resources:

https://wealthlegacygroup.com

https://www.linkedin.com/in/wealthlegacygroup/

https://twitter.com/WealthLegacyGrp

https://www.youtube.com/channel/UCr0BcxBgvQSxvo1wVaJgFLw

https://www.facebook.com/WealthLegacyGroupInc

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Ami Kassar, the founder of Multi Funding and author of “The Growth Dilemma.” They discuss the importance of funding expertise for registered investment advisors (RIAs) and their clients, particularly in the context of acquisitions and mergers in the RIA space. Ami shares insights on alternative debt market options and the benefits of Small Business Administration (SBA) loans for business acquisitions. The conversation also covers the appraisal process, finding the right bank for financing needs, risk profiles in entrepreneurship, personal guarantees, and the dangers of high-interest loans.

Ami Kassar, founder and CEO of MultiFunding and author of The Growth Dilemma, has earned a national reputation as a thought leader in business finance. An in-demand speaker and trusted advisor to growth-focused business leaders, Ami has helped thousands of business owners achieve ambitious growth goals through creative and personalized funding solutions. His work has helped create tens of thousands of jobs. For more than 20 years, Ami has challenged executives to think differently about how they capitalize growth. Regularly featured in national media including The New York Times, Huffington Post, The Wall Street Journal, Entrepreneur, Forbes and Fox Business News, Ami also wrote a weekly column for Inc. Magazine. He has advised the White House, the Federal Reserve Bank and the Treasury Department on credit markets. Ami regularly speaks at corporate, academic and industry events on topics including entrepreneurship and access to capital.

What you’ll learn about in this episode:

·      SBA loans offer an attractive option for entrepreneurs looking to finance business acquisitions, with low down payments and extended loan terms, making them a powerful tool for growth.

·      Having a well-crafted business plan and a clear strategy for fund utilization is essential for successful borrowing, especially in the context of complex financial deals.

·      Why the right financial institution is crucial, as different banks have varying credit boxes and products.

·      How businesses vary in their risk profiles and aspirations, and it’s essential to define how big you want your business to be and how much risk you’re willing to take for successful growth.

·      Personal guarantees play a critical role in securing business loans, and entrepreneurs should be cautious about high-interest, short-term loans that can lead to debt traps.

Guest Resources:

https://www.multifunding.com/

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bernard Surovsky and Larry Kriesmer welcome Dr. Fred Saide. Fred shares his background, starting as a teacher before transitioning into consulting and eventually specializing in retirement planning. He emphasizes giving back to the community and discusses his approach to working with clients. The conversation also covers risk assessment, back-tested models, and the use of options in investment strategies. Fred expresses his belief in the value of options and shares his wish for improved financial literacy and retirement funding.

Dr. Saide is a frequent speaker and published newspaper columnist on subjects including Social Security, IRAs, 401k’s, retirement plans, strategic (income) tax planning, and estate planning with retirement assets, longevity, and educating clients. His expertise has been well sought after, as he has been published in USA Today and Gannet Media. Additionally, he has been interviewed by countless financial publications and has ghost written for multiple financial websites. He does a weekly radio program, and a weekly podcast, and a weekly videocast on educational topics of interest to pre and post-retirees. After graduating from Duke University, where Dr. Saide earned his Ph.D., MA, MBA, and his BA from Adelphi University. He earned a second Ph.D. by state examination in Germany. He went on to earn certificates for studies at Purdue University, the American College of Financial Services, and Fairleigh Dickinson University.

What you’ll learn about in this episode:

·      The approach involves crafting tailored financial plans for analytical clients by emphasizing research-driven insights.

·      Distinguishing between risk and volatility, the episode underscores genuine risk assessment as a key factor.

·      Realistic scenario planning effectively manages risk by evaluating portfolio performance in diverse conditions.

·      Addressing the common concern of retirement savings, the approach involves calculators and thorough analysis.

·      Strategic integration of options into asset allocation strategies is showcased to achieve specific investment objectives.

Guest Resources:

https://facebook.com/fredericksaide

https://linkedin.com/fredericksaide

https://moneymattersusa.net

https://foundationisnruanceservices.com

https://redlightonthedashboard.com

https://retrementincomeconenction.com

Measured Risk Portfolios Resources:

https://www.measuredriskportfolios.com

https://www.linkedin.com/company/measured-risk-portfolios/

Learn more about your ad choices. Visit megaphone.fm/adchoices