Tag: Financial Education
Behavioral Economics in Investing: Mastering Your Financial Mindset with Matt Sommer (Ep. 26)

Behavioral Economics in Investing: Mastering Your Financial Mindset with Matt Sommer (Ep. 26)

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What happens when the stock market takes a wild ride? 

Join Jim Sumpter and special guest Matt Sommer,  a seasoned strategist with Janus Henderson Investors, as they unpack market volatility, exploring how emotions and mindsets impact financial decisions and investments.

Listen as they dive into the complexities of investments with a focus on retirement planning and the emotional nuances that come with market fluctuations. Matt shares his insights into how investors can better understand and navigate the ups and downs without losing sight of their long-term goals.

Key Topics Discussed:

  • Understanding Market Indices: Discover the relevance of the S&P 500 and why it might not be the only index to watch. (00:06:05) 
  • Investment Strategies Across Life Stages: How market volatility affects different life stages from wealth accumulation to distribution. (00:12:37) 
  • Behavioral Economics and Decision Making: Explore how the brain’s decision-making processes influence investing habits. (00:18:58) 
  • The Importance of Comprehensive Financial Planning: Comprehensive planning goes beyond stocks and bonds. (00:27:28)

Resources:

Connect with Jim Sumpter: 

Connect with Matt Sommer: 

About  Matt Sommer: 

Matt Sommer is Head of the Specialist Consulting Group at Janus Henderson Investors. His team is composed of subject matter experts in retirement planning, wealth advisory, practice management, and investment strategy. Together, they deliver practical insights and actionable guidance that advisors can apply to grow their businesses and better serve their clients.

Before stepping into this leadership role in 2023, Matt served as Head of Defined Contribution and Wealth Advisor Services at Janus Henderson. He was also the firm’s lead researcher in behavioral finance and served as a wealth strategist.

Before joining Janus in 2010, Matt spent 17 years at Morgan Stanley Wealth Management and its predecessor firms, Citi Global Wealth Management and Smith Barney, where he held leadership positions, including Director of Financial Planning and Director of Retirement Planning.

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Simplifying Investments with Rick Wedell (Ep. 19)

Simplifying Investments with Rick Wedell (Ep. 19)

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How can you make financial planning feel less like a daunting task and more like a solvable puzzle?

In this episode of the Financial Puzzle Playbook, host Jim Sumpter, CFP®, dives deep into the complex yet essential piece of the financial puzzle: investments. Joining him is Rick Wedell, President and Chief Investment Officer of RFG Advisory. Rick shares his wealth of knowledge and unique background, bringing insights from his extensive experience in the investment world. Together, they unravel the complexities of diversification, risk tolerance, and emotional decision-making in financial planning—making it easy to understand how to align your investments with your life goals. 

Jim and Rick discuss:

  • (06:06) Understanding diversification in investments
  • (10:38) Navigating risk tolerance through life stages
  • (15:49) The impact of media noise on financial decisions
  • (23:58) Insights on comprehensive financial planning
  • And more

Resources:

Connect with Jim Sumpter: 

Connect with Rick Wedell:

About our Guest: 

As the President and Chief Investment Officer for RFG Advisory Group, Rick Wedell is directly responsible for the direction and management of RFG’s investment strategies, setting the vision for our research capabilities, and managing a turn-key investment platform engineered to help our advisors and their clients with their most pressing investment needs. Rick previously spent over a decade at Bain Capital Credit, where he was the Head of the Consumer Group as well as an assistant Portfolio Manager for an $8bn CLO business. 

RFG Advisory is an innovator in the wealth management industry. Passionately committed to serving independent financial advisors and their clients, RFG Advisory delivers to advisors a turn-key integrated technology platform to manage their practice and an institutional-caliber investment management team. RFG defines itself as a client experience company first, a technology company second, and an RIA third. Recognizing that the industry is in a state of transition, RFG is committed to providing advisors with the tools they need to serve their clients, capture market share, and grow their businesses in the face of an ever-changing business landscape.

Be in business for yourself, not by yourself. 

See all of our awards (and related disclosures) at https://rfgadvisory.com/awards-criteria

Securities offered through Private Client Services. Member FINRA/SIPC. www.sipc.org. Investment advice and financial planning offered through RFG Advisory, a registered investment advisor and separate entity from Private Client Services Third party posts found on this profile do not reflect the views of Private Client Services and have not been reviewed by Private Client Services as to accuracy or completeness.

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Understanding the Psychology of Money with Brendan Frazier – Part 1 (Ep. 17)

Understanding the Psychology of Money with Brendan Frazier – Part 1 (Ep. 17)

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Are your financial decisions guided more by emotion than reason? Discover how understanding your financial behaviors can transform your money management skills.

In this episode, Jim Sumpter, CFP®, is joined by Brendan Frazier, Chief Behavioral Officer at RFG Advisory. They explore the often-overlooked psychological and emotional aspects of financial planning. You’ll learn why cash flow is the lifeblood of your financial plan and how small, incremental changes can lead to significant improvements in managing your finances. Brendan shares insights into behavioral barriers that often keep us from making the best financial decisions and offers strategies to help overcome them.

Jim and Brendan discuss: 

  • (02:49) The psychology of money
  • (08:12) Common resolutions and the challenges in keeping them
  • (12:58) Why cashflow is the foundation of a financial plan
  • (22:11) Overcoming procrastination in estate planning
  • (31:38) How past financial decisions influence future choices
  • And more

Join us to unravel the mental and emotional puzzles that impact your financial journey.

Connect with Jim Sumpter: 

Connect with Brendan Frazier:

About our Guest: 

Brendan Frazier is the Chief Behavioral Officer at RFG Advisory.

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