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Episodes

Episode 56 - Public Policy Update with Dave O'Brien

Dave O'Brien - financial advisor, NAPFA board member, public policy junkie, and all around good guy - joins us for his second ZebraSmash appearance to provide an update on DOL, SEC and state-level approaches to fiduciary rules.

The high level summary:

1. The DOL fiduciary law is still the law. It's just not being enforced, like bedtime during the summer.

2. The SEC is taking a crack at the fiduciary concept with three proposed rules, all of which are in the public comment period. Nothing says "cool" like reading 1,000 pages of legislative prose at the beach, so here are links to the Proposed Regulation Best Interest, the Proposed Investment Adviser Interpretation, and the Proposed Form CRS Relationship Summary.

3. Some folks at the state level are trying to do the right thing. But did you know there are 50 states? It's hard to keep track of what all of them are doing. If you hear about something in your state, let Dave know.


Episode 55 - 2018 AICPA Conference - John Bohnsack and Matt McKay

The AICPA planning conference is a solid event every year, but this year we had tax law changes, making it a must-attend event. Or if you couldn't attend, it's at least a listen-to-a-podcast-about-it-afterwards event.

Roger's colleagues John Bohnsack and Matt McKay were there, and have returned to Texas to give us a download of what they found.

Following are some links to the things we talked about:

Adam Grant’s website: http://www.adamgrant.net/

Adam Grant’s podcast: https://www.ted.com/read/ted-podcasts/worklife

Kitces.com article about employees becoming independent contractors: https://www.kitces.com/blog/section-199a-business-entity-choices-qualified-business-income-qbi-deduction-strategies-financial-advisor-specified-service-business-phaseout/


Episode 54 - CFP Capstone Course - Nathan Harness, Karis Jochen

The CFP® Capstone requirement. If you're really old, normal old, or just a little bit old, you didn't go through it when you got your CFP®. We sure didn't go through it, so we think that makes us just a little bit old.

In any case, the capstone course is now required for all CFP® candidates. What is it? How hard is it, really? And does it really leave candidates better prepared for jobs in the industry?

In this episode we talk with Dr. Nathan Harness, who co-authored the capstone case study for Texas A&M's financial planning program. We also talk with Karis Jochen, one of his students who just completed that very same capstone case study. Anybody looking to add younger talent to their teams should listen in to see how they're learning about the profession.



Episode 52 - William Playfair, The Musical: A Sneak Peak

In our research for our PowerPoint presentation episode, we learned about William Playfair, and the world hasn't been the same since. Loyal listeners will recall that, among other things, Playfair invented (yes, INVENTED) the bar chart, the line chart and the pie chart.

For most people, that "among other things" would be pretty insignificant. But not for William Playfair. Not only did he birth data visualization into the world, William claimed to have introduced the semaphore telegraph to England, blackmailed a Scottish lord, and participated in the storming of the Bastille. Not bad for a day's work.

In honor of this Scottish Rogue of the Enlightenment, we're releasing the first song from our upcoming musical about the life of Playfair, where he contemplates the potential love of his life, Alexa Bisoap. This one's a keeper.

For those interested in learning more about Playfair, Cara Giaimo wrote this piece on Atlas Obscura in 2016: The Scottish Scoundrel Who Changed How We See Data

For even more, Bruce Berkowitz published a book about Playfair earlier this year, available on Amazon.com. Good stuff!