Peter Mallouk: How to Accelerate Your Journey to Financial Freedom | SALT Talks #38
Peter Mallouk is the President of Creative Planning, which provides comprehensive wealth management services to its clients. Peter is a pioneer of the Independent RIA model, with clients in all 50 U.S. states and abroad.Turning to active vs. passive management, he notes that the latter has indeed outperformed the former since 1980. “Large tech companies make up almost a fourth of the S&P 500,” he explains. Should their performance change, it will have a profound effect on passive management’s appeal, and there may be a move away from yield-oriented assets to alternative assets.—————————————————————————To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talksModerated by Anthony Scaramucci.
#44: Investing in a Better Future with Peter Mallouk
Today on the show Jayson talks to Peter Mallouk, the CEO of Creative Planning, an independent investment firm that handles over $50 billion for their clients. Peter talks about the mindset of the market, and why you shouldn’t worry about a bear market.Jayson and Peter discuss the dos and don’ts of investing, and how to capitalize on a market in decline (hint: it involves staying calm). Peter talks about how the real estate market is similar to the stock market, in that not all property acts the same. Check out Peter’s new book called, The Path, all about how to achieve financial freedom, co-authored by Tony Robbins. Also check out Peter’s podcast, Down the Middle co-hosted by Jonathan Clements where they discuss recent market events and investment strategies. Links: Follow True Underdog on IG: www.instagram.com/true_underdogReach out to Jayson directly at email@example.comFollow Jayson on Linkedin: https://www.linkedin.com/in/jayson-waller-/Follow Jayson on Instagram: www.instagram.com/jaysonwallerbamCheck out our website to meet the team, view show notes and transcripts: www.trueunderdog.com Links discussed in the episode: Peter’s New Book, The Path: https://www.amazon.com/Path-Accelerating-Journey-Financial-Freedom/dp/1642937010Peter’s Website: https://creativeplanning.com/Peter’s LinkedIn: https://www.linkedin.com/in/peter-mallouk/Peter’s Twitter: https://twitter.com/PeterMallouk/Peter’s Facebook: https://www.facebook.com/OfficialPeterMallouk/ Timestamps: 1:06 - Creative Planning3:27 - The Path with Tony Robbins5:38 - The Writing Process8:32 - Down the Middle Podcast10:14 - Dos and Don’ts of Investing13:08 - Success in a Declining Market14:28 - Market Panic17:01 - Investment Opportunities18:36 - Real Estate Investing21:35 - Where to Find Down the Middle Podcast23:01 - After the Election
158: Peter Mallouk Talks The Path with Tony Robbins
Invest Like a Boss
Peter Mallouk is the President of Creative Planning, named the #1 Independent Financial Advisory Firm in America by Barron’s (2017). Barron’s magazine named Peter the #1 Independent Financial Advisor in America three straight years (2013, 2014, and 2015). CNBC named Creative Planning the #1 Independent Wealth Management Firm in the United States on the only rankings the network ever released (2014–2015). Peter is featured on Worth magazine’s 2017 and 2018 Power 100 rankings, a list featuring the 100 most powerful men and women in global finance. In 2017, Peter was a recipient of the Ernst & Young Central Midwest Entrepreneur of the Year Award. Creative Planning provides comprehensive wealth management services to high-net-worth clients, including investment management, financial planning, charitable planning, retirement plan consulting, tax planning, and estate planning services. Creative Planning currently manages nearly $50 billion for clients in all fifty states. Reach Out to Peter Mallouk Creative Planning Twitter Facebook Listen to ILAB 158 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Sri Lanka / IG @johnnyfdk Sam Marks – South Carolina / IG @imsammarks Derek Spartz – Los Angeles / IG @derekradio Sponsor: Indeed Support Invest Like a Boss: Join our Patreon Discussed: The Path: Accelerating Your Journey to Financial Freedom is Peter Mallouk & Tony Robbins' Regardless of your stage of life and your current financial picture, the quest for financial freedom can indeed be conquered. The journey will demand the right tools and strategies along with the mindset of money mastery. With decades of collective wisdom and hands-on experience, your guides for this expedition are Peter Mallouk, the only man in history to be ranked the #1 Financial Advisor in the U.S. for three consecutive years by Barron’s (2013, 2014, 2015), and Tony Robbins, the world-renowned life and business strategist. Mallouk and Robbins take the seemingly daunting goal of financial freedom and simplify it into a step-by-step process that anyone can achieve. Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 8:22 – Why the New Book? 9:26 – Why was it necessary to include “the 6 human needs” in the book? 14:06 – Why do people have financial success but still are not happy? 15:57 – What still drives you to grow your business? 17:14 – How did you get started and how did you meet Toni? 24:47 – What are your thoughts on the All Seasons portfolio? 29:03 – What are your thoughts going forward with the US Stock market? 31:08 – How are you personally invested? 32:30 – What are the advantages of using your company as opposed to going directly? 34:42 – How do you feel about crypto currency? 36:52 – What does financial freedom look like? 38:56 – Johnny and Derek Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2020. All rights reserved. Read our disclaimer here.
#84: The Path to Financial Freedom with Peter Mallouk
Young and Profiting with Hala Taha
Are you ever confused or overwhelmed at the prospecting of investing? If you are, don’t worry! Our guest today, Peter Mallouk, has simple strategies on how to invest and save as well as why it’s so important. Peter Mallouk is the CEO of Creative Planning, a wealth management firm, that has been ranked #1 in America by outlets such as CNBC and Barron’s. Peter has been on Worth Magazine’s Power 100 rankings and has received other accolades such as the Ernst & Young Entrepreneur of the Year Award. He is also a financial industry thought leader and author. His upcoming book, The Path, is all about helping you achieve financial freedom and is co-authored by Tony Robbins. In today’s episode, we’ll talk about common misconceptions that Peter has encountered in his many years in the financial services industry as well as his thoughts on the news and its impact on us as investors. We’ll also cover topics such as the importance of diversifying, the plans you should lay out before investing, and how to find the right financial advisor to meet your needs. Links: Follow Hala on Instagram: www.instagram.com/yapwithhala Reach out to Hala directly at Hala@YoungandProfiting.com Follow Hala on Linkedin: www.linkedin.com/in/htaha/ Follow YAP on IG: www.instagram.com/youngandprofiting Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com Timestamps: 01:11 - How Peter Met Tony Robbins and All About Their New Book 03:53 - Why the Financial Services Industry is Broken 05:00 - How to Find a Great Advisor 06:53 - Truth About Today vs. the Past 10:49 - The Contradictory Thing About Media and the News 13:36 - Why is Now the Best Time to Start Investing 15:37 - Why it’s Important to Diversify 17:49 - Real Life Example of the Importance of Diversifying 19:30 - The Six Human Needs 21:58 - The Power of Compounding 24:20 - Why it’s Important to Know What We Want 25:58 - Financial Independence vs. Retirement 27:15 - Important Plans to Have Before Investing 28:48 - Difference Between Brokers vs. Financial Advisors 29:50 - When Should You Get a Financial Advisor? 31:30 - Tips for Someone Working at a Corporation 33:34 - Advice about Insurance 35:08 - What to Look at for Financial Planning 37:20 - Peter’s Secret to Profiting in Life Mentioned in the Show: Peter’s New Book, The Path: https://www.amazon.com/Path-Accelerating-Journey-Financial-Freedom/dp/1642937010 Peter’s Website: https://creativeplanning.com/ Peter’s LinkedIn: https://www.linkedin.com/in/peter-mallouk/ Peter’s Twitter: https://twitter.com/PeterMallouk/ Peter’s Facebook: https://www.facebook.com/OfficialPeterMallouk/
3 Insights and 1 Warning from Peter Mallouk on Driving Growth Under Any Circumstances
Between Now and Success
In March 2020, Covid-19 lockdowns were starting, businesses were scrambling, and the markets were in a state of shock. Despite all that, Creative Planning, Inc. had one of its best months ever. According to President and CEO Peter Mallouk, his firm brought in $500 million in net new assets. Instead of panicking and trying to get their money out of the markets, Peter says many of his clients were giving him more money to manage – and sending more referrals as well. The seeds that Peter’s firm planted many years ago led to his clients turning to the firm during a moment of unprecedented uncertainty. While great marketing will get you noticed, it’s the total client experience package that will get and keep clients as Peter’s firm has amply demonstrated. Some advisors lament the chaos caused by Covid-19, but others realize there’s a tremendous opportunity to go on offense and see this as a time to reach out to people who need you now more than ever. Covid-19 is teaching investors that there’s a big difference between auto depositing into a robo account and working with a professional who is sensitive to your unique life needs. And, increasingly, people are willing to pay for that difference, if you can deliver it. On a recent virtual event, Peter and I talked about how advisors at any level can develop the kind of five-star experience that underscores your value to existing clients, drives referrals, and protects your business from fee compression.
#72: Post-Covid Predictions and Investing Tips with Peter Mallouk
Young and Profiting with Hala Taha
Covid-19 has changed everything, including the ways you should invest. Will you merely survive or will you thrive in this new world? Today we’re chatting with Peter Mallouk, the President & Chief Investment Officer of Creative Planning, a Registered Investment Advisory firm with over 27 offices throughout the US. Creative Planning manages over $45 billion in assets and is routinely named by Barron’s as the #1 Independent Wealth Management Firm in America. Mallouk’s leadership in the industry has not gone unnoticed, either. He is the only person to have ever ranked No. 1 on Barron’s “Top 100 Independent Financial Advisors in America” list for three consecutive years. For more info about Peter’s accomplishments, head over to creativeplanning.com. Tune into this episode to hear Peter’s predictions on how the economy will shake out in a post-covid world, get his guidance on how you should be investing during the coronavirus and hear his perspective on speculative investments like cryptocurrency. Follow YAP on IG: www.instagram.com/youngandprofiting Reach out to Hala directly at Hala@YoungandProfiting.com Follow Hala on Linkedin: www.linkedin.com/in/htaha/ Follow Hala on Instagram: www.instagram.com/yapwithhala Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com
Peter Mallouk is a little different than most investors interviewed on this podcast. Peter isn’t really an angel investor, but he is qualified as an investor. Peter is the President of Creative Planning, which provides wealth management services to clients. They manage roughly $48 billion among clients throughout all 50 states. In this episode, Peter shares insights into how he became an investor, how he handles his clients’ wealth, what role the timing of markets plays in his strategy. He also shares some knowledge from his book, The Five Mistakes Every Investor Makes, including what big behavioral mistakes investors should avoid. So get ready to see investing in a new light and discover strategies to grow your wealth. Some Questions I Ask: Tell us about your background and your firm. (1:40)What drew you to the world of investing? (3:22)What’s your approach to investing and growing your clients’ wealth? (4:30)How do you look at the timing of markets? (11:21)When you look at the dry powder from private equity, what does that mean for investors going forward? (26:00)In This Episode, You Will Learn: How Peter transitioned from an advisor to investor. (3:26)How Peter customizes investment plans for his clients. (4:40)What big behavioral mistakes investors tend to make. (6:24)Why Peter avoids getting involved in venture capital. (16:28)Why people choose private equity investments over public markets. (26:28)Resources: The Five Mistakes Every Investor Makes by Peter MalloukCreative Planning See acast.com/privacy for privacy and opt-out information.
Ep 166: How Organic Growth Begets More Growth: The Size Bonus Of Building A Local And National Advisor Brand with Peter Mallouk
Financial Advisor Success
Peter Mallouk is the founder and president of Creative Planning, an independent RIA that oversees nearly 50 billion in assets under management for over 30,000 households. Peter has built his firm to the impressive size that it is within the last 16 years without any mergers, acquisitions or outside capital along the way. Today Peter joins the show to discuss Creative Planning’s growth path and how that has shifted over the years to referrals from existing clients. In this episode we talk in depth about Peter’s thoughts on broader industry trends including why Creative Planning remains committed to the AUM model and not charging separately for planning. You will learn what he plans to do with the outside capital that his firm raised, the firms aggressive growth plan over the next three years and much more. For show notes and more visit: https://www.kitces.com/166