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Hosted by Wealth Advisor Chris Galeski, THE FINANCIAL COMMUTE is a weekly podcast that gives the rundown on what's going on in the current market, how it affects you, and what you can do about it – all designed to fit into your commute. Each week Chris welcomes an expert guest, including Morton Wealth advisors, fund managers, and investment analysts, to break down complex financial topics. Our goal for this podcast is to provide you with the tools to help you navigate this challenging enviro ...
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Boomers vs. Millennials: How Generations Shape Financial Choices | The Financial Commute (Ep. 109)
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In this special session recorded live from our 2024 Investor Symposium, COO and CMO Stacey McKinnon leads a discussion with Wealth Advisors Beau Wirick and Priscilla Brehm about how baby boomers and millennials think about money differently. Here are some key takeaways from their conversation: - Millennials generally see money as less tangible, tru…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes CEO Jeff Sarti to review our 2024 Investor Symposium, and the topics discussed at the event. Here are some key takeaways from their discussion: - Grant Williams, our keynote speaker and author of Things That Make You Go Hmmm…, highlighted his thoughts on the election, the …
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On this week's episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Kevin Rex to discuss the recent 50 basis point rate cut by the Fed and its implications. Here are some key takeaways from their conversation: Kevin says he was surprised by the Fed's decision, noting that prior economic data like jobs and GDP did not indicat…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Brian McArthur, President of Design My Medicare to discuss upcoming changes to Medicare. Here are some key takeaways from their discussion: - Starting in 2025, Medicare Part D will see significant changes, including a $2,000 annual out-of-pocket cap on drug costs, aiming t…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Joe Seetoo to discuss building generational wealth as a family business. Here are some key takeaways from their discussion: - Small businesses are the cornerstone of the American economy, and 90% of American small businesses are family owned. - About 70% of …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Client Coordinator Morgan Jul to discuss financial literacy and a new California bill requiring high school students to take a financial literacy course starting in 2031. Here are some key takeaways from their conversation: - The bill requires financial literacy courses to…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Mike Rudow to discuss different tax-preference savings vehicles and how high earners can use these accounts to optimize their wealth. Here are some key takeaways from their conversation: - Health Savings Accounts (HSAs) are highlighted for their “triple tax …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Jenn Caruso to discuss how to financially prepare for a divorce and how a Certified Divorce Financial Analyst (CDFA) can help. Here are some key takeaways from their conversation: - As a CDFA herself, Jenn explains that CDFAs can help clients understand the …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes CEO Jeff Sarti to discuss our upcoming Investor Symposium. Here are some key takeaways from their conversation: - Grant Williams, author of Things That Make You Go Hmmm… and co-founder of Real Vision, will be the keynote speaker at our upcoming Investor Symposium. If you h…
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We are celebrating our 100th episode of THE FINANCIAL COMMUTE this week! Thank you for listening and supporting Chris and our guests these past two years. We are excited to continue empowering our listeners with financial confidence and knowledge through this podcast. To make this episode extra special, host Chris Galeski had a conversation with Gr…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Chief Investment Officer Meghan Pinchuk to discuss the current real estate environment and investment opportunities. Here are some key takeaways from their conversation: - There is a noticeable drop in real estate transaction volume due to high interest rates and sellers h…
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On this week’s episode of THE FINANCIAL COMMUTE, Wealth Advisor Priscilla Brehm joins host Chris Galeski to discuss ways to build financial confidence. Here are some key takeaways from their conversation: - Access to too much information does not necessarily lead to true knowledge or confidence, highlighting the importance of one’s mindset towards …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Managing Director of Investments Sasan Faiz to discuss the global stock market selloff. Here are some key takeaways from their conversation: - Tech stocks’ valuations were high due to AI excitement and hype, but recent corrections highlight the importance of true diversifi…
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On this episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes COO & CMO Stacey McKinnon to discuss retirement planning. How much do people really need to retire comfortably? Here are some key takeaways from their conversation: - Over 55% of Americans feel behind in retirement planning. - It is crucial to create a retirement plan custom to y…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Patrice Bening to discuss dollar cost averaging, an investment strategy where investments are bought over time. Purchases occur regularly regardless of the asset’s price. Here are some key takeaways from their conversation: - Patrice shares her first experie…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Portfolio Management Analyst Hunter Daniel to discuss Morton’s approach to portfolio management. Here are some key takeaways from their conversation: - For clients bringing cash to invest rather than an existing portfolio, Hunter and his team will use dollar cost averaging…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Jeff Sarti, CEO of Morton Wealth to discuss market conditions and valuations. Here are some key takeaways from their conversation: - Jeff highlights the importance of setting realistic expectations for stock returns, noting that the past decade’s 10-12% returns may not con…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Planner & Estate Attorney Brian Standing to discuss advanced estate tax planning strategies. Here are some key takeaways from their conversation: - Estate tax laws are set to sunset in the next year and a half, potentially reducing the exemption amount from over $13…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Chief Compliance Officer Menachem Striks to discuss cybersecurity measures you should take to protect yourself and your money. Here are some key takeaways from their conversation: - Menachem advises listeners to create complex, unique passwords (15 to 20 characters) for the…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Managing Director of Investments Sasan Faiz to discuss inflation, interest rates, and monetary policy. Here are some key takeaways from their conversation: - Some people think that when inflation comes down, prices should decrease. That would be “deflation,” which is a con…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Jon Wingent to discuss opportunities in international investing. Here are some key takeaways from their conversation: - Most investors tend to have a home country bias, allocating most of their investments toward domestic stocks and companies. - Most investo…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Jenn Caruso to discuss recent financial headlines. Here are some key takeaways from their conversation: - The Dow Jones and NASDAQ have reached new highs; however, clients and consumers feel nervous. - Clients often react emotionally to investment performanc…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Patrice Bening to discuss planning for your child’s education with 529 plans, state-specific rules, and how to maximize benefits. Here are some key takeaways from their conversation: - In California, 529 plan funds that are used for kindergarten through 12th …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Financial Planning Manager Brittany Yudkowsky to discuss Social Security, acknowledging its relevance due to heightened public interest during an election year. Here are some key takeaways from their conversation: - Many Americans fear Social Security may not be available i…
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On this episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Jeff Sarti, CEO of Morton Wealth, to discuss Warren Buffett’s sale of Apple shares. Here are some key takeaways from this conversation: - Warren Buffett recently sold about 100 million shares of Apple, significantly reducing Berkshire Hathaway’s holdings from $174 billion to $135…
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In this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Mikey Taylor, President of Commune Capital, to discuss California real estate. Here are some key takeaways from their conversation: - Mikey discusses the difficulties of real estate development in California due to heavy regulation and entitlement challenges but points out…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Beau Wirick to discuss the potential dangers of following generic financial advice on the Internet. Here are some key takeaways from their conversation: - Beau stresses that financial advice online cannot be personalized the way a financial advisor can tailor…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Chief Investment Officer Meghan Pinchuk to discuss geopolitical tensions and how investors can protect their portfolios amid market uncertainty. Here are some key takeaways from their conversation: - The global environment has become increasingly complex with the geopolitic…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Mike Rudow to discuss his article, "Pitfalls of Selling a Business Without a Plan." Here are some key takeaways from their conversation: - Selling a business without a structured plan can lead to serious financial and personal repercussions. - It is extremel…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Patrice Bening to discuss current market issues and the unique value of gold. Some topics they highlighted… - Amid conflicting market signals, gold remains a store of long-term value. Even after a century, a gold bar is still worth the price of the average A…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Justin Pizzola, co-CEO of Greyhawk Insurance, to discuss homeowner’s insurance coverage. Here are the key takeaways covered in their conversation - Flood insurance can be very complex, as internal water damage is generally covered but external water intrusion is not typica…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski and Wealth Advisor Beau Wirick discuss the recent policy changes around realtor commissions due to the National Association of Realtors’ settlement and how they may affect the market. · Three key changes are highlighted: Listing agents are now banned from offering co-fee sharing wi…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Estate Planning Attorney Brian Standing to discuss upcoming estate tax law changes and how they may affect you. - The estate tax exemption as of today is $13.6 million per individual, meaning estates valued over this amount are subject to estate tax. This amount is expecte…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Chief Investment Officer Meghan Pinchuk to discuss recent headlines and the overall economic landscape. They highlight topics like: -Recent banking sector issues, with a focus on New York Community Bank’s struggles -The Federal Reserve’s potential interest rate cuts -Market…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Patrice Bening to discuss eight tax-saving strategies. 1. Health Savings Accounts (HSAs) are highlighted as a triple benefit tax-saving strategy, allowing pre-tax contributions, tax-free growth for medical expenses, and tax-free withdrawals for those expenses…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Joe Seetoo to discuss the recent rise in NVIDIA's stock price, including topics like: - how NVIDIA's groundbreaking work in AI has contributed to their stock valuation - competition from AMD, Intel, and potential threats from startups and cloud providers - wh…
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In this episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Priscilla Brehm to discuss the differences between brokerage firms and RIAs (Registered Investment Advisors). Priscilla and Chris encourage listeners to understand how compensation works when choosing between an RIA and brokerage firms, as brokerages often compensate their advisor…
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On this episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Patrice Bening to examine the stock market, the economy’s resilience, and last year’s banking crisis that may potentially resurface. They discuss the exposure of small and mid-sized banks to commercial real estate loans. With interest rates on the rise, these banks …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites CEO Jeff Sarti to discuss building a resilient investment portfolio and what “resilience” means. Jeff and Chris define resilience as an investment’s capability to withstand a variety of unforeseen scenarios without significant loss. Although uncertainty is inevitable, build…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Wealth Advisor Kevin Rex to discuss different methods of investing in real estate. Although being a landlord is a popular way to invest in real estate, Kevin says it requires consistent effort to resolve maintenance issues and handle difficult tenants. If an investor is int…
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On this week’s episode of THE FINANCIAL COMMUTE¸ host Chris Galeski welcomes COO and Wealth Advisor Stacey McKinnon to discuss liquidity. Illiquidity can be nerve-wracking due to the emotional bond people have with their money and the comfort that comes from having easy access to it. Stacey discusses conversations she has with clients about balanci…
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Chief Investment Officer Meghan Pinchuk to discuss Bitcoin ETFs that have recently been approved by the SEC (Securities and Exchange Commission). They discuss Bitcoin’s similarities to gold, particularly its role as a potential store of value as opposed to fiat currencies, …
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On this week’s episode of THE FINANCIAL COMMUTE, Wealth Advisor Joe Seetoo discusses Pender Capital’s investment strategy with CEO Cory Johnson at Morton’s 2023 Investor Symposium. Pender is a commercial real estate debt lender focusing on the lower middle market in secondary and tertiary markets, especially in Middle America. Cory talks about how …
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Happy New Year! On today’s episode of THE FINANCIAL COMMUTE, host Chris Galeski invites Chief Investment Officer Meghan Pinchuk to reflect on 2023 and discuss what this new year may bring. Due to the recent moderation in the inflation rate, markets responded positively, and the Fed announced they will cut interest rates in 2024. Meghan reminds list…
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On this week’s episode of THE FINANCIAL COMMUTE, Wealth Advisor Bruce Tyson discusses Cliffwater’s investment strategy with Head of Capital Markets Fran Beyers. Cliffwater’s goal is to provide solid compounding returns in even tumultuous environments. Fran explains how direct lending may offer predictability, lower interest rate risk, and yield pre…
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On today’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Managing Director at Keystone National Group John Earl to our 2023 Investor Symposium stage. They discuss Keystone and their approach to lending and investments. Keystone is a private credit platform with a focus on asset value. They provide lending and leasing services to com…
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On today’s episode of THE FINANCIAL COMMUTE, Managing Director of Investments Sasan Faiz and Wealth Advisor Mike Rudow take the stage at our 2023 Investor Symposium to discuss artificial intelligence and its potential. Although the adoption of AI has been relatively effortless for individuals, it may not be so on a larger enterprise scale. This is …
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On this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Bob Louzan, Managing Partner at WhiteHawk Capital Partners to the 2023 Investor Symposium stage. WhiteHawk specializes in lending to companies that cannot secure loans from traditional banks or capital providers. Because of this structure, WhiteHawk tends to perform well d…
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This week’s episode of THE FINANCIAL COMMUTE features a conversation on Bitcoin from Morton Wealth’s 2023 Investor Symposium led by host Chris Galeski, Wealth Planner Brian Standing and founder of The Bitcoin Layer Nik Bhatia. Nik is also a CFA® charterholder and teaches finance and business economics at USC. Nik explains that Bitcoin is both a sof…
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In this week’s episode of THE FINANCIAL COMMUTE, host Chris Galeski and Wealth Advisor Jon Wingent discuss international living and the financial uncertainties often faced by expats. Many expats may have questions about whether their contributions in another country will count towards their U.S. Social Security benefits. The U.S. has Social Securit…
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