Morton Wealth

For many founders, the journey doesn’t end with a successful exit—it’s the start of a new chapter that often requires just as much planning and introspection. We partnered with executive coach and Tender Greens co-founder David Dressler to explore what it takes to transition from CEO to what’s next, and why it’s so common to feel lost or uncertain once the business is no longer your identity. In this whitepaper, David shares powerful insights on creating a meaningful “second mountain” plan, developing a new personal identity, and building a life that thrives beyond the boardroom. If you’re thinking about your own next chapter, don’t miss these essential steps for ensuring personal fulfillment after the sale. Read the full whitepaper below and take the first step toward a purpose-filled life beyond the business. #ExitPlanning #BusinessOwner #BusinessTransition #LegacyPlanning #MortonWealth

These opportunities don't come up often for us - if you are interested in learning more, DM me or view the job posting here: https://lnkd.in/gZREMrnJ *Note that we are located in Southern California with one office where we all enjoy working together ??

"US Inflation Accelerates!" ?? The Bureau of Labor Statistics reported this morning that US CPI (Consumer Price Index) rose more than forecast in September. The core measure (excludes food & energy) increased 0.3%. The 3-month annualized rate rose 3.1%, the most since May, according to Bloomberg (see 1st chart below). ? At our 7 am "Coffee & Markets" session, my colleague Ian Rennick and I (pictured below with our matching British Charles Tyrwhitt dress shirts ??) were discussing the forward path of interest rates. Below, I have generated a graph of US Treasury yield curve (solid green) vs. 1 week ago (dotted yellow) on Bloomberg. 10-year yield has risen to 4.1%. The higher than expected inflation print, along with last week's strong US jobs report, have raised the pressure on the Federal Reserve Board to either opt for a small interest rate cut or pause after the 50 bps (0.50%) cut in September. ?? The Fed's preferred measure of inflation - PCE (Personal Consumption expenditures) - does not put as much weight on shelter as the CPI does. That is the main reason it has been trending lower. Our CEO Jeff Sarti will share his views regarding inflation and monetary policy at a fireside chat during Morton Wealth's Investment Symposium on Thursday October 17th. Morton Wealth #Inflation #MonetaryPolicy #InterestRates

"THE HOLY GRAIL OF INVESTING" By: Ray Dalio ?? At Morton Wealth, we have 3 simple investment tenets; 1?? RISK MANAGEMENT - The true differentiator of an Allocator/Investment Manager only becomes evident when the financial markets are volatile. 2?? TRUE DIVERSIFICATION - Going beyond traditional asset classes. This can only be achieved by incorporating private, #noncorrelated, alternative asset classes. 3?? CASH FLOW - The ability to produce immediate cash flow is a sign of a #resilient portfolio/investment. We will have more in-depth discussions with a select group of our private alternative managers at our Investment Symposium next Thursday October 17th. Morton Wealth #RiskManagement #TrueDiversification #AlternativeInvestments

"Has the Fed's Thesis Fallen Apart?" ?? The Bureau of Labor Statistics reported last week that payrolls increased a stronger-than-expected 254,000 and wage growth accelerated in September! The unemployment rate dropped to 4.1% from 4.2%. This report questions the Fed's recent 50 bps cut and undercuts the chances of another big reduction. ? In a research report today, Goldman Sachs has cut the probability of a US recession in the next 12 months to 15% vs. the Bloomberg consensus of around 30% (see 1st chart below). The US GDP grew 3.0% in Q2 and is expected to grow 3.2% in Q3. Despite the strong activity, Goldman still expects further deceleration in core PCE (Personal Consumption Expenditures) Index. ?? I generated the 2nd chart on Bloomberg showing the yield on 10-year US Treasury, which has topped 4.0% after hitting a low of 3.62% on 9/16. The Fed's 50 bps cut, while unwarranted in my opinion, has helped unclog the global monetary easing cycle. In G10, Goldman now expects the European Central Bank and Bank of England to join Bank of Canada and Sweden's Sveriges riksbank in delivering consecutive 25 bps cuts. #CentralBanks #MonetaryPolicy #USeconomy

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