The Trusted Partner Podcast: Recent Episodes
Cobblestone Capital Advisors
Jesse Cramer and Gabe Chodak lead entertaining interviews with experts from financial planning and investment management.
Oleg Litvinenko, a seasoned financial professional, founder of Meetinghouse Capital, and a firm believer in long-term, high-conviction equity strategies dives deep into the world of intelligent investing with Jesse and Gabe. With over two decades of experience managing portfolios, Oleg pulls back the curtain on how he identifies high-quality companies, evaluates leadership, and constructs a focused portfolio designed for enduring growth. He unpacks the difference between investing and speculation, explores the challenges individual investors face, and explains why his strategy offers a compelling alternative to index investing. Whether you're an aspiring investor or a seasoned wealth manager, this episode is a masterclass in thoughtful, principle-driven portfolio management.
Key Takeaways:
• What is Oleg’s process for identifying and evaluating high-quality companies for long-term investment?
• Why do individual investors often struggle with stock picking, and how does a concentrated strategy provide an advantage?
• How do leadership quality and competitive advantages shape the construction and performance of Oleg’s investment portfolio?
Key Timestamps:
(00:00) - Qualitative analysis and understanding business value
(05:00) - Identifying leadership quality and company longevity
(09:00) - Competitive advantages and dynamic moats
(10:00) - Reinvestment runways and value compounding
(11:00) - Portfolio construction and company concentration
(13:00) - Managing risk without over-diversifying
(14:00) - Challenges for DIY investors and Oleg’s edge
(16:00) - Aligning with long-term-oriented investors
(18:00) - Handling underperforming companies and turnarounds
(21:00) - Comparing active stock picking to index investing
(24:00) - Influences from Buffett, Munger, and value investors
(27:00) - Flexibility in geography and company size
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques, Long-term investing strategy, Value-based portfolio management, Stock picking vs index funds, High-quality company analysis, Investment philosophy with Warren Buffett influence
Mentions:
Website: https://www.meetinghousecapital.com/
LinkedIn: https://www.linkedin.com/in/oleglitvinenko
Mentions: Markel Corporation
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe co-host an inspiring conversation with Alexander DelMonte, President and CEO of the DelMonte Hotel Group. As the third-generation leader of a company that’s helped shape Rochester’s hospitality landscape, Alex shares the remarkable origin story of his family's business, from a bold pitch to Bill Marriott to becoming Marriott’s longest-continuous franchisee. But this episode isn’t just about the past—it’s also about building the future. Alex breaks down the vision behind the CityGate Hotel project, an ambitious new development that brings together local powerhouses: DelMonte Hotel Group, Pike Construction, Genesee Regional Bank, and Cobblestone Capital. You’ll hear how dual-branding, smart site strategy, and Rochester’s evolving market are converging to create a high-end hotel experience unlike anything the city has seen. Whether you’re a seasoned investor, a local business leader, or just curious about how major deals come together, this episode delivers unique insight straight from the decision-makers’ table. Tune in to hear how legacy meets innovation—right here in Rochester.
Key Takeaways:
• How did the Del Monte Hotel Group grow from a single hotel into a nationally recognized hospitality company?
• What makes the CityGate Hotel project a unique and promising investment opportunity in the Rochester market?
• How do strategic partnerships and dual-branding enhance hotel development and long-term success?
Key Timestamps:
(00:00) - Hotel franchising explained
(06:30) - Choosing the right brand and property type
(08:00) - Growth of the Del Monte portfolio
(10:00) - Transition to higher-end, high-RevPAR markets
(12:00) - The value of location and mixed-use developments
(13:30) - Inside the CityGate project: planning and partnerships
(15:00) - Why Rochester remains a strong hotel market
(17:00) - Dual-branded hotels and operational synergies
(20:00) - Rochester firms collaborating on CityGate
(22:00) - Construction timeline and project outlook
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques ,Rochester hotel development, CityGate Hotel project, Del Monte Hotel Group, Hotel investment opportunity, Dual-branded Marriott hotels
Mentions:
Website: https://www.delmontehotels.com/
LinkedIn: https://www.linkedin.com/in/alexander-del-monte-00235a6
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Have you ever made a decision that seemed logical at the time, only to realize later that you were swayed by unseen forces? Cognitive biases shape the way we think, often without us even realizing it. In this episode, Jesse and Gabe take a deep dive into the fascinating world of cognitive biases—what they are, how they impact our decision-making, and most importantly, how to recognize and counteract them. Jesse and Gabe also explore real-life examples, psychological insights, and practical strategies to sharpen your thinking and make better choices in every aspect of life. Whether you’re a leader, entrepreneur, or simply someone looking to improve critical thinking, this episode is packed with invaluable insights you won’t want to miss!
Key Takeaways:
• How do cognitive biases influence our decision-making processes in everyday life?
• What strategies can individuals use to recognize and mitigate their own cognitive biases?
• In what ways do cognitive biases impact society, particularly in areas like politics, business, and social interactions?
Key Timestamps:
(00:00) - What Are Cognitive Biases?
(07:40) - The Most Common Cognitive Biases
(15:30) - How Cognitive Biases Affect Decision-Making
(22:10) - The Science Behind Cognitive Biases
(28:45) - Overcoming Cognitive Biases
(35:20) - Case Studies & Real-World Scenarios
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques, Cognitive Bias Examples, Psychology of Decision Making, How Bias Affects Thinking, Overcoming Cognitive Biases
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Marc Cohen, Vice President of Government Affairs at O’Donnell and Associates, as they dive into the crucial role of advocacy in shaping the business landscape. With a career spanning from the Greater Rochester Chamber of Commerce to key government positions, Marc shares insider insights on how businesses—large and small—can ensure their voices are heard in legislative decisions. From local ordinances to federal regulations, Marc explains why advocacy isn’t just an option—it’s a necessity for business success. Oh, and stick around for a fun baseball-themed wrap-up, where Marc, Gabe, and Jesse share their favorite baseball memories! Learn how to ensure your business stays ahead in the ever-changing legislative landscape.
Key Takeaways:
• What does a lobbyist really do?
• How can business owners effectively engage with policymakers?
• Is New York truly anti-business, or is there more to the story?
Key Timestamps:
(00:00) - What Does a Lobbyist Do?
(08:00) - The Need for Policy Representation
(10:00) - Misconceptions About Government Decision-Making
(12:00) - The Role of Lobbying
(14:00) - Challenges in Government Relations for Businesses
(16:00) - Importance of Building Relationships with Legislators
(19:00) - New York’s Business Climate
(21:00) - Policy Issues Affecting Businesses
(24:00) - Business Owners’ Struggles with State Policies
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques, Business Advocacy Services, Government Affairs Consulting, Small Business Legislation, Corporate Lobbying Strategies, Public Policy Impact on Business, Marc Cohen
Mentions:
Website: https://odonnellsolutions.com/
LinkedIn: https://www.linkedin.com/in/marc-cohen-37a29524/
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
This week, we’re diving deep into the world of global finance with a truly special guest—Jeff Kleintop, Chief Global Investment Strategist at Charles Schwab. With a staggering $7 trillion in assets under management, Schwab’s insights shape the financial landscape, and Jeff is at the helm of international market analysis. In this episode, Jeff unpacks the latest on tariffs, trade tensions, global economic trends, and market opportunities—including why Europe’s “New Magnificent Seven” might be the next big thing. Plus, we tackle investor confidence, employment shifts, and the ever-changing role of the U.S. in global trade. Is international investing finally having its moment? Should you rethink your portfolio strategy? Tune in as we break it all down with Jeff’s expert take! Listen now and get ahead of the market curve!
Key Takeaways:
• How are the proposed tariffs and global trade policies expected to impact international markets and supply chains?
• What factors are influencing consumer confidence and employment trends in the U.S., and how might they affect the broader economy?
• Why have international markets, particularly in Europe, been outperforming U.S. stocks, and what are the implications for investors?
Key Timestamps:
(00:00) – The global market landscape
(04:00) – European tariffs and their economic impact
(06:00) – The real impact of tariffs
(08:00) – International market uncertainty
(09:00) – Germany’s increased defense spending
(12:00) – Rising US recession risks
(14:00) – The effect of government spending cuts on GDP
(18:00) – International stock outperformance
(19:00) – The role of China and India in emerging markets
(25:00) – Shipping, tariffs, and global politics
(30:00) – New investment opportunities
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques, Global investment strategies, International Stock Market Trends, Tariff Impact on the US Economy
Mentions:
LinkedIn: https://www.linkedin.com/in/jeffrey-kleintop/
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Stock options. Restricted stock units (RSUs). They sound like Wall Street jargon, but if part of your paycheck comes in company stock, these terms could make—or break—your financial future. Join hosts Jesse Cramer and Gabe Chodak as they dive into the world of equity compensation, with Certified Financial Planner (CFP), Allison Shuler. Together, they unravel the complexities of stock compensation, the tax implications you can’t ignore, and the common mistakes that could leave thousands (or more!) on the table. Whether you're cashing in RSUs, exercising stock options, or navigating a high-stakes compensation package, this episode is your essential guide to making smarter financial moves. If you earn part of your paycheck in company equity, don’t miss this one.
Key Takeaways:
• Should you hold or sell your stock grants?
• How does equity compensation impact your investment strategy?
• What happens to your stock if you leave your company?
Key Timestamps:
(00:00) - The rise of equity compensation: Why more employees are getting paid in stock.
(03:00) - Stock Options vs. RSUs: Key differences and why they matter.
(06:00) - How RSUs are taxed: The crucial moment when you owe the IRS.
(08:00) - NSOs vs. ISOs: Which stock options come with better tax benefits?
(11:00) - Common mistakes employees make with stock compensation.
(13:00) - The risk of holding too much company stock: Why overexposure can be dangerous.
(17:00) - The tax dilemma: Holding too long vs. selling too soon.
(23:00) - How to create a strategy for selling stock and reducing risk.
(26:00) - The hidden risks of equity-heavy compensation packages.
(28:00) - Why you need an accountant and financial planner to optimize your strategy.
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques, stock options, RSUs, equity compensation, taxes, compensation income, capital gains, financial plan, investment, diversify, NSOs, ISOs, Allison Shuler
Mentions:
Allison’s LinkedIn: https://www.linkedin.com/in/allison-schraf-shuler-cfp®-003870119
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
John DiPasquale, managing partner at Cobblestone Capital Advisors reflects on his 26 years with the firm, discussing its evolution from a small team to a mid-sized business with a strong focus on client satisfaction and sustainable growth. The conversation transitions into a discussion on macroeconomic factors, the importance of setting realistic market expectations, and the role of goals-based investing. John also highlights future plans, including new private investment opportunities, and shares personal insights on his passion for the industry and the relationships he and the team have built with clients over the years. The episode reviews the key highlights of 2024 and shares the firm’s outlook for 2025.
Key Takeaways:
• How has Cobblestone evolved over the years, and what role do client relationships and referrals play in the firm's growth?
• How does Cobblestone approach market predictions, and how does the firm integrate goals-based investing into their wealth management strategy?
• What are Cobblestone's strategies for addressing client concerns related to economic uncertainties, and what are the firm's plans for navigating the financial landscape in 2025?
Key Timestamps:
(00:00) - Reflecting on 2024
(01:40) - Cobblestone's Growth and Success
(03:25) - Client Relationships and Market Insights
(07:11) - Economic Trends and Predictions
(11:26) - Building a Resilient Portfolio
(18:10) - Looking Ahead to 2025
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management, investing markets, financial, client concerns, inflation and interest rates, Fed policy, economic uncertainty, portfolio management, wealth management, tax cuts, investment strategy, market predictions
Mentions:
LinkedIn: https://www.linkedin.com/in/johndipasquale1/
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Michael Burton, a private investment analyst at Cobblestone Capital Advisors explores the intricacies of residential real estate investing. He shares his journey from junior year in college to owning multiple rental properties in Rochester, New York, and explains the due diligence required for successful real estate investments. The conversation includes insights into the importance of proper tenant screening, managing maintenance and capital improvements, the significant time commitment required, and the advantages of scaling up the number of rental units. Michael also compares direct property investment with other real estate exposure options such as public REITs and private funds, highlighting the risks and benefits of each. The episode wraps up with personal anecdotes and advice for those considering entering the residential real estate market.
Key Takeaways:
• What are some key considerations and potential risks when investing in residential real estate?
• How can prospective property investors balance between personal involvement and hiring third-party services to manage properties?
• What are the alternative ways to gain exposure to real estate investments without direct property ownership?
Key Timestamps:
(00:00) - Michael's Journey into Real Estate
(04:07) - The Realities of Property Management
(07:57) - Financial Considerations and Risks
(16:46) - Tenant Management and Property Scale
(19:54) - Alternative Real Estate Investment Options
(28:26) - Leveraging Debt in Real Estate
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Michael Burton, Rochester New York, financial planning, investment management, residential real estate investing, rental property, real estate portfolio, investment portfolio, real estate development, FHA loan, property investment, real estate investment solutions.
Mentions:
LinkedIn: https://www.linkedin.com/in/michael-burton-8b2446183
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
David Riley, an expert in investment banking, discusses the intricacies of the industry, especially within the context of Western New York. He breaks down how investment banks facilitate large-scale financial transactions, including mergers, acquisitions, and capital raising. David also delves into the different market segments, from top-tier firms like Goldman Sachs to middle-market institutions. He highlights the vital role of investment banks in ensuring smooth transactions, particularly for family-owned businesses, and the importance of early planning and professional advising.
Key Takeaways:
• What are some common misconceptions about investment banking, and how can business owners begin to understand the process better?
• How can business owners enhance the value of their companies to make them more attractive for sale or transition?
• What unique challenges and considerations are there for family businesses during ownership transition or business sale?
Key Timestamps:
(00:00) - Defining Investment Banking
(00:36) - Roles and Responsibilities of Investment Banks
(01:42) - Investment Banking in the Middle Market
(05:30) - Family Business Transitions
(12:03) - Increasing Business Value for Sale
(18:21) - The M&A Process
(22:34) - Acquiring Businesses for Growth
(24:00) - Living and Enjoying Western New York
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management, investment banking, investment bank, middle market, family business transitions, mergers and acquisitions, investment memorandum, business valuation, customer concentration, enterprise value, private equity, business acquisition
Mentions:
Website: https://www.transituscap.com/
LinkedIn: https://www.linkedin.com/in/david-riley-transitus
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse explore the world of travel with Kim Greulich, owner of KG Travel Club. As a travel expert, Kim guides listeners through enhancing travel experiences beyond conventional methods. The discussion covers the importance of travel as an investment in personal growth and family bonding, exploring lesser-known destinations, and smart budget management. Additionally, Kim shares insights on the benefits of using travel insurance and optimizing credit card points. Listeners are encouraged to prioritize experiential and transformative travel over visiting typical tourist spots, integrating cultural understanding and connection into their journeys.
Key Takeaways:
• How can travel be viewed as an investment in personal growth and happiness?
• What are some of the most popular, yet underrated, travel destinations today?
• How can travelers effectively budget without compromising on unique and enriching experiences?
Key Timestamps:
(00:00) - The Value of Travel as an Investment
(08:12) - Exploring Unique Travel Destinations
(10:55) - Budgeting and Luxury in Travel
(21:46) - The Role of Travel Insurance
(24:13) - Maximizing Travel Points and Rewards
(27:20) - Do's and Don'ts of Travel
(30:16) - Jesse and Gabe’s Memorable Travel Experiences
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management, travel
Mentions:
Website: https://www.kgtravelclub.com/
LinkedIn: https://www.linkedin.com/in/kimberly-greulich-9a6b257
Mentions: Die With Zero, Tablet Hotels
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse discuss the Federal Reserve's recent September 20th 50 basis points rate cut and its ramifications. They explore the effects on various investment decisions, such as high-yield savings accounts and fixed-income investments, and the broader implications for the stock and real estate markets. They also address how high-net-worth individuals and retirees might be impacted. The episode provides practical advice on navigating these changes and emphasizes the importance of having a solid financial plan. Then hear about Gabe and Jesse’s light-hearted fall traditions.
Key Takeaways:
• The federal reserve's recent cut by 50 basis points and its potential impact on short-term and long-term financial strategies
• The conversation highlighted how interest rate changes affect various aspects of personal finance, such as high-yield savings accounts, credit card rates, and mortgage rates.
• Discussions also covered broader economic implications, including potential effects on the housing market, retirement planning, and how well-constructed financial plans should not be overly sensitive to interest rate fluctuations.
Key Timestamps:
(00:00) - How Do Federal Rate Cuts Impact Investors?
(04:20) - Fixed Income Investments
(10:12) - The Stock Market
(14:05) - Mortgage Rates
(20:06) - Retirement Planning
(25:10) - Total Bond Markets
(25:55) - Will Stimulation Bring Inflation?
(30:29) - Fun Fall Activities
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Zach Stanley joins the podcast to share insights into the future of the sports card industry, its role as an alternative asset and Zach’s personal stories of treasured sports memorabilia. Zach explains the concept of card breaking, the financial rationale for buying specific teams and its impact on the sports card industry. He elaborates on the evolution of the industry, describing how it has been driven by entertainment and social components emphasizing the importance of creating engaging experiences for collectors. Zach also discusses how new technology and social platforms have reshaped the hobby, making it a unique intersection of memorabilia, fandom, and investment.
Key Takeaways:
• Zach explains the concept of card breaking, where participants buy “teams” in a sealed card product, and receive the cards of their chosen team that are revealed during a live-streamed unboxing. This has driven the sports card industry to new heights, creating a blend of entertainment and community involvement.
• The discussion delves into how sports cards are valued, focusing on supply, demand, rarity, and player popularity. Zach emphasizes that analyzing these factors is akin to evaluating stocks or other investments, where rarity and market demand play crucial roles.
• Zach highlights the transformation of the sports card industry facilitated by technological advancements, digital platforms, and innovative experiences. He predicts continued growth driven by enhanced fan engagement and the creation of unique collectible opportunities, such as memorabilia cards and experiential rewards.
Key Timestamps:
(00:00) - The Evolution of the Sports Card Industry
(04:36) - Card Breaks
(10:15) - Art and Collectibility
(14:04) - Investment Strategies in the Card Market
(17:14) - Analyzing Player Value in Card Investments
(21:42) - The Future of Card Collecting
(22:41) - Fanatics' Impact on the Hobby
(23:32) - Technological Advancements
(27:20) - Handling Inherited Card Collections
(33:03) - Personal Stories of Sports Memorabilia
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management, trading cards, sports cards, sports memorabilia
Mentions:
Website: https://www.wethehobby.com/
LinkedIn: https://www.linkedin.com/in/zach-stanley-945a2723/
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe are joined by Jason Garlock, Chief Investment Officer at Cobblestone Capital Advisors, to demystify hedge funds. The conversation covers what hedge funds are, their legal structure, investment strategies, performance metrics, fee structures, and regulatory environment. Jason draws comparisons with mutual funds and traditional investments, emphasizing the importance of understanding the manager's role and strategy. The episode also touches on the relevance of hedge funds in modern portfolios and effective ways to benchmark their performance. Finally, the group ends on a lighter note with a fun discussion on their personal 'long' and 'short' bets.
Key Takeaways:
• What are the differences between hedge funds and mutual funds?
• How do hedge funds use short selling, arbitrage, and global macro as a financial strategy?
• What role do the managers and investors play in the legal structure of a hedge fund?
• What constitutes an appropriate benchmark for hedge fund performance?
• What are Jesse, Gabe and Jason long and short on when it comes to living the best life?
Key Timestamps:
(00:00) Introduction
(02:01) What is a Hedge Fund?
(02:26) Legal Structure and Advantages
(04:03) Investment Strategies and Transparency
(05:50) Hedge Funds vs Mutual Funds
(10:39) Leverage in Hedge Funds
(14:44) Benefits for Hedge Fund Managers vs Investors
(18:00) Understanding Hedge Fund Fees
(21:53) Consumer Protection
(28:51) Benchmarking Hedge Fund Performance
(33:30) Private Investments vs. Hedge Funds
(36:04) Personal Long and Short Bets
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management, long short hedge funds, mutual funds, private equity, hedge fund managers, investors
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Allison Schraf, a Senior Wealth Planner at Cobblestone Capital Advisors, to discuss the pros and cons of couples (whether married or not) combining their finances. Topics include: - the importance of communication, transparency, and compromise. - practical advice on creating a household budget, allocating expenses, and managing joint finances. - the importance of updating beneficiaries and life insurance coverage after marriage, and updating personal property coverages. - the need to periodically review and update these arrangements to ensure they align with changing financial needs and circumstances. Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe meet at the 9th green at 9 for a chat about golf and wealth management, and the varied similarities between the two. Both are exercises in: - Seeking reward while managing risk - Striving to reach your own personal goals, ignoring the outside noise - Planning for what's next and looking ahead - Occasionally hitting it the sand - but focusing on a smart recovery - Seeking guidance for experts who walked the course before - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe are joined by Charlie Ruff, Cobblestone's Head of Investment Strategy & Communications, to discuss commodities investing: the good, bad, and ugly. Specifically, the three discuss: - what are the different "genres" of commodities? - why does the commodities market exist? - is it worth considering commodities in a diversified portfolio? - do you have to own the physical commodities themselves? - and much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe are joined by Jordan Millner, Cobblestone's Head of Global Equities, to discuss the merits of international stocks within a diversified portfolio. They answer questions such as: - Do international stocks traditionally outperform U.S. stocks, or vice versa? - Why can't multinational corporations (e.g. Apple) be considered "international investing?" - What are generally accepted international allocations? - What are the various risks of investing in international markets? - What's the difference between "International" and "Emerging" markets? - And more... Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe go deep on the topic of 529 plans today, helping their listeners understand this fundamental tool in saving for college. Their conversation covers: - The basics of 529 plans - The major benefits, such as tax-free investment growth - The downsides, like illiquidity and penalties for certain withdrawals - The nuance of the recently publicized "529 to Roth" conversion - How to balance 529s into your overall financial plan - and much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Charlie Ruff and Jesse Cramer (sorry Gabe!) sit down with Dan Mason, the General Manager of the Rochester Red Wings, to talk all things Minor League Baseball. Their conversation covers: - The Red Wings' new "bat dog," Bruce! - Ball park fun in the minors - Interactions between different teams' general managers - The business model of the minors - Dan's top Red Wings players ever - and much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Tobin Woodruff, a Senior Wealth Planner at Cobblestone Capital Advisors. Tobin is an expert on tax planning, so today's conversation revolves around: - The basics of a 1040 Federal Tax return, and why individuals need to be aware of it - When to know if you need a tax professional - Withholdings and refunds - Tax tips for both young and old investors - "Trading" tax rates (a la Roth conversions) Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Cobblestone is not licensed to provide and does not provide legal, tax, or accounting advice to clients. Advice of qualified counsel or accountants should be sought to address any specific situation requiring assistance from such licensed individuals.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse chat 1-on-1 about how to conduct challenging financial conversations with friends and family. It's never easy. But done well, having an important financial conversation helps everyone involved, and prevents negative emotions in the long run. Specifically, Gabe and Jesse cover: - The various people in life who you'll end up "talking money" with - How to broach the conversation in the first place - Why interpersonal roles matter so much - Tips and tricks on starting, conducting, and ending these conversations - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Charlie Ruff, senior portfolio manager at Cobblestone, to discuss the details of earnings season in the stock market. Their conversation includes: - What is earnings season, and why should we care about it? - What data do companies release, and what kind of conversations do they have with investors? - How useful is earnings season, and what takeaways should long-term investors have? - Does earnings season contain useful economic signals? - What companies act as "bellwethers" for the economy, and why? - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse chat with Adrian Morgenstern, founder and president of Morgenstern Insurance Services, about the intricacies of personal and commercial insurance. Their conversation includes: - Going beyond simple home and auto policies - The difference between growing wealth and protecting wealth - Important questions people should consider about their personal risk appetite - How business/commercial insurance is vastly different than personal insurance - The craziest insurance claims Adrian has seen - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse chat with Cobblestone CEO and Managing Partner John DiPasquale to review the year of 2023 and look at significant economic and investing questions facing us all in 2024. Specific topics include: - How'd the market do in 2023, and why? - The important takeaways from 2023, including thoughts on cash allocations and broad diversification - How expectations played a role in 2023 results and how they set the table for 2024 - How interest rates, inflation, and economic strength play pivotal roles in the year ahead - What long-term investors should be thinking heading into 2024 - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse answer listener questions for their second rendition of "Ask Us Anything." Topics for this episode include: - "Why did my account go up so much in November and December?" - "S&P, Dow Jones, NASDAQ...which index should I be looking at?" - "Should I have any money in banks right now with low interest rates?" - "How are capital gains taxes calculated?" - "When should I start saving for my kids' college?" - And more! Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Arlene Wilson, director of programs for the Alzheimer's Association of Rochester and the Finger Lakes, on Episode 35 of The Trusted Partner Podcast. They discuss the best ways we can help friends and loved ones suffering from Alzheimer's, including: - Signs and symptoms of cognitive decline - Resources that can help our loved ones get evaluated - How to broach the conversation, "I'm worried about you." - Financial planning and life planning needs - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with David Brown, founder and managing partner at Impellent Ventures, on Episode 34 of The Trusted Partner Podcast. They discuss the basics of venture capital, including the venture space in Western New York: - What is venture capital? - What do typical venture companies look like? - Where does the funding capital come from? - What kind of support do startups need beyond funding? - What does the risk/reward spectrum look like for venture? Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Jason Garlock, chief investment office at Cobblestone, on Episode 33 of The Trusted Partner Podcast. They discuss the many paths to long-term portfolio success, and they share thoughts on both short-term and long-term outlooks. - What does a Costa Rican road trip have to do with investing? - How value vs. growth performed over the past 30 years - But what happened if an investor "chased performance" - The "Magnificent 7" - past, present, and future - Why current bond yields bring optimism across the risk spectrum Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Erick Bond on Episode 32 of The Trusted Partner Podcast to discuss the new employee benefits landscape during "Open Enrollment" for the 2024 calendar year. Listen as they dive into: - What you can (or can't) do during Open Enrollment. - What's new in this year's benefit landscape - Why insurance prices continue to rise - How to think about ancillary benefits - A framework for making optimal benefits choices for your family - And much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Karen Menachof on Episode 31 of The Trusted Partner Podcast to understand the challenges of elderly transitions. They discuss topics like: - the pros and cons of moving to an assisted-living facility - how children and grandchildren should (and shouldn't) help - when to begin important assisted-living conversations - the timelines of planning a move - the hidden costs of growing older - and much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Gabe and Jesse sit down with Larry Axelrod on Episode 30 of The Trusted Partner Podcast to dive deep into the intersection of life insurance and financial planning. They discuss: - who needs life insurance and why - how you can determine how much insurance you need - considerations for business owners and individuals - underwriting and medical history - how life insurance affects estate planning - and various strategies you can consider in your financial plan Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Advisor is not a licensed insurance broker or agency and does not sell or solicit the sale of any insurance products. Licensed individuals should be contacted for insurance product suitability and policy acquisition needs.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Charlie Ruff sits down with Gabe and Jesse on Episode 29 of The Trusted Partner Podcast to discuss some top-of-mind financial and economic topics, including: - the latest interest rate and inflation updates - what's been happening, why, and what can we expect the future to look like? - why oil prices are slowly rising again, and the impact of oil prices on the economy at-large - the prospect of a government shutdown - what it means for government workers and for investment markets Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
The Trusted Partner Podcast is turning 1 year old! To celebrate, in this episode Gabe and Jesse: - share statistics about the past year - discuss the exciting topics we'll be covering in the coming months - highlight some of our favorite clips from the past year - and most of all, thank you for enjoying our work Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Cobblestone's younger employees to understand and answer the various financial questions they're seeing most often from their friends and peers. The discussion includes: - social media glamor, the desire to spend and enjoy life, and balancing the need to save for the future - learning enough financial terminology to be informed - approaching student loans (pre-college) and dealing with the debt (post-college) - sports gambling...good, bad, or ugly? - the rent vs. buy question, especially in this housing market - credit cards - useful tool or dangerous weapon? Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down for an "ask us anything" episode, answering questions from listeners of the show just like you. Today's answers include varied topics such as: - how to balance 401(k) contributions with other short-term financial needs - how advisors get paid - the various service models of different advisory firms - the connection (or lack thereof) between money and happiness - how changes in interest rates have/should affect investor choices - how AI is impacting, or might impact, the future of wealth management
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Show notes: Jesse and Gabe sit down with Phil Castleberry, the vice president of University Advancement at Rochester Institute of Technology. Phil, Gabe, and Jesse cover the intersection of philanthropy and wealth management, including: - the many reasons to give to charity - the important of planning your philanthropy - the questions to ask charitable foundations, both before and after you give - the mechanics and benefits of giving - the criticality of family conversations - and much more Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Jon Needell, the president and chief investment officer of Kairos Investment Management. Jon helps us understand: - the current state of commercial office real estate - ...and if more pain is coming for commercial office - the difference between central business districts and suburban offices - why grocery and pharmacy retail real estate is ideal right now - the filters needed to find ideal investment opportunities Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Matt Yaegar, owner of Pinnacle Wine and Liquor in Brighton, NY, to guide our listeners through a non-financial topic - the diverse world of wine and spirits. Matt covers: - the best wines for your summer barbeque - the explosion in bourbon collecting over the past decade - how investing has affected the wine/spirits economy - the business of running a winery, distillery, or neighborhood wine store - how to properly plan your wine tourism - how wine fraud works, and what the industry is doing to prevent it - a proposed NY law that could bring wine into grocery stores Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Ryan Bynan, who serves as Alternative Investments Analyst at Cobblestone Capital Advisors, to help our listeners understand the huge and diverse world of alternative investments, including: - how to define alternative investments - the important filters used to find worthwhile investment opportunities - how alternatives have been democratized in recent years - why art, gold, and cryptocurrency have glaring investment weaknesses - how to think about investment correlation - and how alternatives can fit into portfolio construction Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with John Jennings, the President and Chief Strategist of St. Louis Trust & Family Office and author of the recently released investing book The Uncertainty Solution, to help our listeners deal with the ever-present uncertainty in the investing world. We discuss: - why John decided to write an investment philosophy book - what are the biggest, most common mistakes investors make - why overconfidence is "the mother of all biases" - why single females are the best-performing investors - why it's hard to give financial advice - how to "be comfortable being uncomfortable" - the "truth and transparency" of "boring" investing - investment mental models, like "the stock market is not the economy" You can follow John on his blog: https://johnmjennings.com/ And order his book - The Uncertainty Solution - on Amazon: https://www.amazon.com/Uncertainty-Solution-Invest-Confidence-Face/dp/B0BDXZNZQF Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Gina DiMonda, a Senior Relationship Manager at Cobblestone Capital Advisors, and all three share helpful conversations they've recently had with clients. In this episode, they discuss: - What exactly "relationship managers" do - What we've heard lately - especially on banking, chances of recession, and asset allocation. - The importance of ongoing client education - The many forms of modern financial communication - The basics of financial planning and goals-based investing - What older clients are asking, especially around estate and trust planning Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Jordan Millner, a Portfolio Manager and Senior Investment Analyst at Cobblestone Capital Advisors. In this episode, they discuss: - Defining Active & Passive Investing - How every portfolio falls on the active/passive spectrum - Market efficiency and the possibility of outperformance - How to measure active and passive in a portfolio - When and where there's value-add from active management - Measuring conviction with active share and tracking error - The importance of an investment policy statement - The process of screening investment managers Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Oriol Gimenez, a Managing Partner at both CPG Hospitality and Alojica, two investment management companies specializing in hospitality real estate investing.
In this episode, they discuss:
-
How has hospitality changed due to COVID-19?
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How much hospitality revenue is from business vs. leisure?
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What kind of geographic shifts are occurring in global hospitality?
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How has inflation impacted hospitality in '22 and '23?
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What makes a "good" hospitality investment?
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What's next on the horizon for deal flow?
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Gary Rossi, head of the Personal Security Insights Program at Fidelity Investments. Gary is the leading cybersecurity expert at Fidelity, and widely considered a leading cybersecurity expert in the financial world. In this episode, they discuss: - Why cybersecurity matters to investors - The easiest and best ways for investors to protect themselves - Why "2-factor authentication" is so important - The importance of skepticism - Why "practical security" is key - What to do if you become a victim of cybercrime Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Phil Pecora, president and CEO of Genesee Regional Bank in Rochester, NY. Phil shares his experience in Rochester's banking industry and sheds light on the scary banking headlines, including: - What happened at Silicon Valley Bank, and how is it different that what happened in 2008? - How do banks manage risk? How are they stress tested? - How do small community banks differ from large investment banks? - What role does the FDIC play? - What's next for American and global banking? How will the current drama end? - What kind of questions should clients and depositors be asking right now, and what are the answers? Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Cobblestone does not endorse the services or performance of any third-party author or vendor represented in the podcast.
Jesse and Gabe sit down with David Pfalzgraf and Ben Burge, attorneys and partners at Rupp Pfalzgraf in Buffalo. David and Ben share their expertise and stories from decades of corporate and business law, including: - Why do businesses need attorneys in the first place? - How to best protect business assets? - When should you form an official business? - When should a business engage with an attorney? - How to prepare for mergers, acquisitions, and successions? - The true costs of operating a business - Questions that more businesses should be asking, and the most common questions they're hearing right now. Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Cobblestone is not licensed to provide and does not provide legal, tax or accounting advice to clients. Advice of qualified counsel or accountant should be sought to address any specific situation requiring assistance from such licensed individuals.
Jesse and Gabe sit down with Nathan Berti, attorney and partner at Hodgson Russ. Nathan shares with us his expertise in trusts and estates law, covering topics such as: - The basic estate planning documents - Why everyone needs an estate plan - especially if a parent or business-owner - How should someone go about obtaining T&E help - How does T&E get complex? - How are taxes and Federal/State laws involved? - The team-based planning approach Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Cobblestone is not licensed to provide and does not provide legal, tax or accounting advice to clients. Advice of qualified counsel or accountant should be sought to address any specific situation requiring assistance from such licensed individuals.
Join Jesse and Gabe as they sit down with Charlie Ruff, CFA, a senior portfolio manager at Cobblestone Capital Advisors. Charlie, Gabe, and Jesse discuss the frequently-overlooked topic of bonds and fixed income, and why 2023 presents a unique fixed income landscape unseen in the last decade. Topics include:
- Simple terminology of bonds and fixed income
- What kinds of bonds exist?
- The liquidity of bonds
- Bonds vs. “fixed income”
- Why bond ownership makes sense
- What happened to bonds in 2022?
- Price vs. Yield
- How bonds relate to the U.S. debt
- The yield curve inversion
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Trip Pierson, owner of Mitchell Pierson Jr. Realtors in greater Rochester. Trip specializes in residential real estate, serving buyers and sellers all over the greater Rochester region. We discuss: - Unique times in the Rochester (and greater US) real estate market - How the rental market is affected too - How did we get here? The causes of the current housing shortage. - Inflation, and how much housing matters - The "stand off" between buyers, sellers, and interest rates - How technology is affecting the housing market - How much house can you afford? - Tips and tricks for buyers and sellers Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Jason Garlock, Cobblestone's Chief Investment Officer, to look back on the financial markets in 2022 and discuss what we might expect in 2023. Specific topics include: - Our attempts at describing 2022 in one word - Why 2022 was unique and different - Bonds as ballast. What happened?! - Ramifications of COVID stimulus - Fast forward to 2023 - How should investors consider changing their approach? Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Chris Mooney, Cobblestone's Managing Director of Business Development, to discuss the most important and impactful questions we hear from our clients. Topics include: * Our best tips for individuals to bring their financial conversations * The power of a financial to-do list * The single best question Gabe and Chris hear in their conversations * Simple personal finance organization tips * Thinking long-term with your finances and financial relationships * Actionable advice for you to use in 2023
On this episode of The Trusted Partner Podcast, Jesse and Gabe sit down with Ben Dobrzynski, CPA. Ben is a partner at Demott & Smith CPA's, in Rochester NY, where he focuses his practice on providing tax, accounting, and general business advice to individuals, closely held businesses, and seed-stage to late-stage start-up companies.
On the podcast, the trio discusses:
- End-of-year tax considerations
- Different tax deadlines
- Low-hanging fruit individuals should think about throughout the year
- When should someone start working with a tax pro?
- What are common tax mistakes?
- What is "tax planning"?
- What's up with the IRS hiring 85,000 new employees?
- Why do audits happen? How can someone avoid them?
- Why Roth accounts are "the most powerful tool in the tax environment"
- The importance of "account type diversification"
- Tax planning before retirement
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Cobblestone is not licensed to provide and does not provide legal, tax, or accounting advice to clients. Advice of qualified counsel or accountants should be sought to address any specific situation requiring assistance from such licensed individuals.
Jesse and Gabe sit down with Kathleen Pringle, executive career strategist and coach, to discuss the many aspects of planning a remarkable career. We cover: - The concept of "necessity vs. desire" - The most important skills in the modern workplace - How the best workplaces are setting themselves apart - The Great Resignation - The personal finances behind a career change - The best mindset for negotiation - How to identify your own strengths - Salary negotiations when changing jobs - Tips for people going back to the workforce - Planning your workplace retirement Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Today we sit down with Allison Schraf, CFP, Senior Wealth Planner at Cobblestone Capital Advisors to discuss financial planning basics. - What's a CFP? - The most common questions financial planners deal with - Budgets and balance sheets - How financial plans prepare for recessions and bear markets - Common mistakes in financial planning - When someone should seek professional financial planning - The difference between personal finance and financial planning - What are the characteristics of those with successful financial plans - How often should someone update their plan? - Elder care, medicare, and financial planning - Tools and organization tactics in financial planning Disclosure: Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Jesse and Gabe sit down with Eric Furnal, CFA, the director of private investments at Cobblestone Capital. They discuss: - the basics of private investments - what they are, how they work, how they're bought and sold
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the various "buckets" of private markets
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why invest publicly? why invest privately?
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how do private investments provide diversification?
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how do "regular" people get access to private markets?
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how can retail investors develop private market expertise?
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what does the future of real estate look like?
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how does an investor know if private investments are right for them?
Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Today we sit down with Erick Bond, President of Bond Benefits Consulting. We ask Erick about: - what should the average employee be thinking during open enrollment?
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what are the different kinds of plans? Why do they exist?
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how can/should last year's medical usage affect next year's insurance needs?
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how should families think through their multiple insurance options?
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why people should "trust the math" in their insurance decisions
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the scary "what ifs" that go into insurance planning
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the many components of Medicare
Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Today we sit down with Charlie Ruff, Senior Portfolio Manager at Cobblestone Capital Advisors. We ask Charlie about:
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the basics of stock investing - risk, reward, timelines, volatility
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why do stocks rise and fall?
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the difference between individual stocks and the whole market
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the importance of knowledge in investing - and how hard it is for professionals to outperform the market
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the economic fundamentals behind stocks
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how to build a balance portfolio of stocks
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the importance of human behavior in investing
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what's going on with "meme stocks," especially Bed, Bath, and Beyond
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ensuring you know the different between investing, speculation, gambling, and fun
Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Today we sit down with Chris Mooney, Managing Director of Business Development at Cobblestone Capital Advisors.
We ask Chris about:
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talking with clients about preparing for the next generation
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the important cycle of planning and reviewing
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the vital roles of attorneys and accountants as advisors
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the basics of estate planning
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being a client's trusted advocate...and the hard conversations that come with that responsibility
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some unfortunate stories when generational planning wasn't considered
Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
Today we sit down with Jason Garlock, Chief Investment Officer at Cobblestone Capital Advisors.
We ask Jason about:
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what to think about being in a bear market?
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when and why one could consider changing asset allocation
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how proper financial planning instructs portfolio construction (not the other way around)
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how goals-based investing works
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what's the "permanent impairment of capital?"
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his favorite part of the job: telling clients to spend more money
Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.
In the first episode of The Trusted Partner Podcast, Jesse and Gabe sit down with John DiPasquale, CEO of Cobblestone Capital Advisors.
We ask John to explain...
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the vital role of trust throughout the financial system
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what financial credentials represent
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why open communication is the bedrock of trust
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the power of owning your mistakes
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and more lessons from his decades of experience.
Disclosure:
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
All content is of a general nature and solely for educational, informational and illustrative purposes.
Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.