Peter Mallouk: The Financial Advice Industry Is ‘Still Very Messy’

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

4.5 • 775 Ratings

🗓️ 26 March 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

The founder and CEO of Creative Planning on scaling up an RIA giant, why AI in financial advice is ‘inevitable,’ and whether financial advisors will face fee compression in the years ahead.

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 Lansing, Michigan, and Jackson
0:21.4	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.
0:32.7	Hi, and welcome to the Longview. I'm Christine Ben's Director of Personal Finance and Retirement Planning at Morningstar.
0:38.9	And I'm Amy Arna, Portfolio Strategists for Morning Star Research Services. Our guest on the podcast today is Peter Malook.
0:46.6	Peter is the president and CEO of Creative Planning, an independent registered investment advisor with roughly 300 billion in combined assets under management
0:55.0	and advisement. Peter has also written or co-written several books, including the five
0:59.7	mistakes every investor makes and how to avoid them, the path, accelerating your journey to
1:05.5	financial freedom with Tony Robbins, and his latest, Money Simplified. Peter graduated from the University of Kansas with four majors, including degrees in business
1:15.0	administration and economics.
1:17.1	He went on to earn a law degree and a master of business administration degree, also at the
1:21.6	University of Kansas.
1:23.2	Before we get started, we'd like to disclose that Morning Star has business relationships
1:27.3	with creative planning and receives fees for the services it provides.
1:31.9	Peter, welcome to the Longview.
1:34.0	Thanks for having me.
1:35.4	Well, thanks for being here. We've been looking forward to this.
1:37.5	We wanted to spend a little bit of time on your biography because it's interesting.
	...

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