Morton Wealth

Taking the leap to leave your current job or make a complete career shift can be one of the biggest decisions you'll ever make. If YOU ARE looking to make your next career move, the key is to be intentional about where you're going. What do we mean by that? It means having a growth mindset and knowing what inspires you so you can make the most impact in your role. It means finding your VOIICCE! ?? Vision - Being part of an organization that creates meaning and purpose. ?? Opportunity - Career growth through training, development, and clear expectations related to advancement ?? Incentives - Fair and transparent compensation and benefits package; flexible work schedule ?? Impact - Engaging in work that makes an impact towards the company vision. ?? Community - Teamwork and collaboration with co-workers ?? Communication - Organizational transparency where leadership regularly reports on state (strengths/weaknesses) of the company ?? Entrepreneurship - Ownership mindset where you define how you work (leadership, creativity, ability to push boundaries) ?? When you think about career growth, what are you looking for? Click here to apply our available positions and learn about our growing team: https://lnkd.in/gh8hkdv9

Battle of the Stages Round 2: Who’s Ready for October 17th? Our Investor Symposium at the Westlake Village Inn is just around the corner, and we're bringing the heat with THREE stages filled with powerful conversations! Kicking things off on our MAIN STAGE, CEO Jeff Sarti will be sitting down with Grant Williams, one of our favorite podcasters and industry thought leaders, for a deep dive into the markets, the economy, and (yes, it’s timely!) the upcoming election. Next up, Wealth Advisor Joe Seetoo, CFA?, CFP?, CEPA? will tackle income replacement strategies in retirement. It’s a question on everyone’s mind—“Will I have enough?”—and Joe’s bringing actionable insights for business owners on how to secure consistent income. And finally, Wealth Advisor Chris Galeski will be discussing California housing predictions with Mikey Taylor and Brian Farwell. Plus, Jeff will sit down with CIO Meghan Pinchuk to talk liquidity—is it a blessing or curse? From investment trends to the way different generations think about money, we’ve got you covered. You don’t want to miss it! RSVP by Oct 10th here: https://lnkd.in/grrGJ6kZ #InvestorSymposium #BattleOfTheStages #MarketInsights #RetirementPlanning #HousingMarket #InvestmentTrends #FinancialSecurity #MortonWealth

Cordillera Investment Partners - Annual Conference ?? I attended Cordillera Investment Partners' annual conference at the scenic Presidio Officers Club in San Francisco last week. As I mentioned in a previous post, we have had over a decade long relationship with Cordillera and appreciate their unique approach to sourcing smaller, niche, alternative investments that are non-correlated to traditional asset classes. ?? Cordillera's Investment Thesis: 1?? Non-correlated assets can reduce overall portfolio risk 2?? Investing in assets before the rest of the institutional investing world finds them can increase returns 3?? An investment in an asset that does both can increase the efficiency of a portfolio ?? Many thanks to Agustin "Gus" Araya, Chris Heller, Ashley Marks, Taylor Kauer and the whole Cordillera team for putting together another informative and well-organized conference. I will be interviewing Gus at Morton Wealth's 3rd annual symposium on Thursday October 17th at the Westlake Village Inn. Morton Wealth #InvestorSymposium #AlternativeInvestments #NonCorrelation

Round 1 of the Symposium Stage Showdown... Ready for some action-packed insights? Our Investor Symposium on October 17th at the Westlake Village Inn is heating up with three stages this year! First up: the Investment Stage, where industry experts will tackle real estate equity, private credit, and navigating stock market volatility in election years. With top managers like KCB, Grubb, and DFA in the lineup, expect deep dives into market challenges, opportunities, and smart strategies to keep your investments resilient. RSVP by October 10th to secure your spot: https://lnkd.in/grrGJ6kZ #InvestorSymposium #Investments #Election #StockMarket #Alternatives #RealEstate

Our 3rd annual Investor Symposium is almost here! These days, it feels like we’re all navigating a lot of uncertainty. Whether it’s inflation, interest rates, or just trying to make sense of it all, it can feel like a lot to juggle. That’s why I’m especially excited for this year’s Investor Symposium. It’s an incredible opportunity to hit pause, gain some perspective, and make sure we’re all on the right path—both financially and personally. I’ll be speaking on two topics that are close to my heart: ?? Generating Income in Retirement: Let’s face it, the days of relying on bonds or CDs are long gone. This panel is all about finding smart, reliable ways to keep cash flowing in retirement. It’s about making sure you’ve got the right strategies in place so you can live confidently, even when work is behind you. ??Smart Spending Strategies: We all wonder: Am I spending too much? Too little? In this session, we’ll break it down so you can make spending decisions that reflect your lifestyle and values. When your spending aligns with your goals, you’re free to enjoy life a whole lot more. If you’re looking to navigate the financial noise and get some real, actionable advice, this is where you’ll want to be. RSVP by October 10th here: https://lnkd.in/gZ8y4-MW #InvestorSymposium #RetirementIncome #SmartSpending #FinancialGoals Morton Wealth

Only one month to go until our biggest event of the year returns: our Investor Symposium! This year brings exciting new changes, and we can't wait to share them with you on October 17 at the Westlake Village Inn. 3 stages. 14 sessions. 1 incredible keynote speaker. Join us for a day focused on planning and investment opportunities, with access to fund managers, industry leaders, and Morton Wealth advisors. Space is limited and spots are filling quickly—click here to RSVP and secure your place: https://lnkd.in/grrGJ6kZ

"Credit Markets: The Path Forward" ?? Last week, the US Federal Reserve Board cut its benchmark Fed Funds rate by 50 bps (0.50%) to 4.75-5.0%. The move was in response to the softening labor market. At our 7 am "Coffee & Markets" session, my colleague Ian Rennick and I were discussing the potential opportunities in the credit markets. ?? According to the Fed dot plot, the median FOMC (Federal Open Market Committee) participant now expects a fed funds rate of 4.4% and 3.4% by year-end 2024 and 2025, respectively (see the 1st chart below from Bloomberg). As I mentioned in a post last week, unemployment rate has been raised to 4.4% (vs. 4.0% in June) and the median inflation - as measured by the Fed's preferred metric of core PCE (Personal Consumption expenditures) - was revised down to 2.6% and 2.2% by year-end 2024 and 2025, respectively (see 2nd chart from Bloomberg). ?? A few of our opportunistic credit managers including TCW and Angel Oak Capital Advisors, LLC believe that while the 2022-23 timeframe was characterized by limiting duration and interest rate risk, the next 12-24 months could look very different. Clayton Triick, CFA at Angel Oak believes that reinvestment risk has now become a larger concern that interest rate risk. ?? The 3rd chart from TCW shows the relative value (spread to Treasuries) in corporate credit vs. securitized credit. While corporate credits are selling at their tightest historic spreads, securitized credit - #MBS (Mortgage Backed Securities) and #ABS (Asset Backed Securities) - offer much better relative value alongside their structural protection. Morton Wealth #MonetaryPolicy #InterestRates #ReinvestmentRisk #SecuritizedCredit

People don't generally like talking about money. And sometimes the reason is because they are embarrassed by their own knowledge. Patrice Bening, CFP?and I are on a mission to make it feel safe to talk about, not embarrassing. In this episode, we go through a bunch of topics that people generally shy away from, like: - How much money they spend to "keep up" with the desires of their children - Conversations around estate planning (which is avoided because, you know, it is means something happened to a loved one) - Life Insurance and how it can sometimes make non-working partners feel funky - Why so many 401(k) accounts are sitting in cash - The burden of debt and how to get out from under it - How to (emotionally) spend according to your values, not according to other peoples wealth levels Click on the link in my bio to watch the full episode. Enjoy! Morton Wealth

"The Fed Pivot is Finally Here!" ?? In a surprise move, the US Federal Reserve Board lowered its Fed Funds benchmark rate by 50 bps (0.50%) to a range of 4.75% to 5%. The move is a signal that the Fed has shifted its attention to the softening labor market. ? My colleague Alexandria West and I were reviewing the Fed's statement and decided that 50 is the new 25! The Fed said: "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges that the risks to achieving its employment and inflation goals are roughly in balance...and they are strongly committed to supporting maximum employment.” ?? Fed officials updated their quarterly economic forecasts, raising their unemployment at the end of 2024 to 4.4% from 4%. The inflation forecast is now at 2.3%, while economic growth projection was also lowered to 2%. They raised their long-run fed funds forecast to 2.9% (see Fed's Dot Plot below from Bloomberg). ?? The policymakers said that they will consider "additional adjustments" to rates based on "incoming data, the evolving outlook, and the balance of risks." Morton Wealth #MonetaryPolicy #InterestRates #USeconomy

Lesson #1: Next-Gen Clients Will Not Be Profitable For A Few Years - Because many next-generation clients such as those who are Millennials and Gen Zers are still building their assets up, paying $10,000 or more in advisory fees each year may not be feasible for them… at least not yet. This can create tension with the traditional advisory firm business model, because that minimum fee is often necessary for the firm to break even. In this guest post, Stacey McKinnon, Chief Operating Officer and Partner at Morton Wealth, shares a new business line her firm developed to serve younger professionals, the challenges that the firm faced in developing a sustainable business model to serve next-generation clients at lower cost than retirees, and some of the lessons her team learned from the experience that could be valuable for advisors who want to develop their own next-generation offerings. https://bit.ly/3XsUEQq #advicers