Ryan Kirlin and Bill Smalley – Investment Advisor Impact: Talking Generational Wealth Transfer (EP.22)
This week’s episode starts off with segments such as: What The Hell Is Going On: Politics Edition – Can the political poles be pulled to the center?; Investment Article Book Club – The difference between Quant-As-A-Guide and Quant-As-A-Law; If I Were a Billionaire… – What is the first thing you would do? and Investing Theme Wars – pick your horse between Marijuana, Batteries and Crypto.
Ryan Kirlin, Director of Capital Market at Alpha Architect and Bill Smalley the Head of Products at Virtus ETF Solutions join us in studio to discuss the implications of the pending Boomer generational wealth transfer, what that means from an advisor perspective and how millennials’ interaction with financial products differ from their parents. Find out which millennial guest “doesn’t own a house, but does like avocados”. Are ETFs one thing that Millennials aren’t ruining? Explore the link between ETF adoption and the democratization of knowledge. Currently, the average age of financial Advisor is in their 60’s. Will ETF adoption accelerate even further as younger advisors increasingly take over? Over what timeline might that take place? Finally a thoughtful discussion about walking the line with respect to regulation vs innovation in the financial services arena and how can small companies compete with the industry giants.