Creative Planning

All right.

Well, anyway, Obama's going to be at the Overland Park Convention Center on behalf of Creative Planning and Peter Malouk's financial firm, investment firm.

So...

He's also going to have Mike Pompeo there, who of course served as Secretary of State under President Trump in the first term and of course was a member of Congress here in Kansas.

So they'll both be here as part of the Connect 26 private conference hosted by Creative Planning.

Not open to the public, exclusive for Creative Planning staff and clients.

I know that we've got a lot of those folks in this audience.

I'm curious as to whether or not you are going.

And financial advisors can even get these model portfolios, if you will, off the shelf or farm that out to another entity.

And that is frequently what goes on with these very large, agglomerated investment firms like the ones run by Peter Malou, Creative Planning, and Rick Edelman.

They basically provide model portfolio formulas to give to the advisors in their networks.

But it's really been only about the past 10 to 15 years that we started having advisors who work on a flat fee basis or an hourly fee basis.

Okay, well, thanks, Ian.

I mean, we had another... pretty big story that we wanted to talk about which you broke nothing to do with ai this time um but um on september 15th what day was that tuesday morning you broke the creative planning uh a frequent mention on this podcast often you know well covered given its sort of size and scale and sort of impact on the ra business but it it's done a done a pretty big deal in that you you got the exclusive on

Yes.

So Creative Planning, more than $780 billion in assets, crazy number at this point, has agreed to acquire RVK Incorporated, which is an investment consultancy based out of Portland, Oregon that oversees, keyword is oversees, not manages, 4.3 trillion in client assets.

So RVK is a firm that works on a consultative advisory basis with public retirement systems, nonprofits, large court retirement plans, and some ultra wealthy families.

So, you know, charities, foundations, institutions, that is, it is interesting business, but you're not managing their money on a discretionary basis.

We saw Hightower Advisors, they bought NEPC, which I believe had about $1.7 trillion.

That was done in, I believe it was 2025.

The Jay Weber Podcast is presented by Creative Planning, helping clients simplify their journey to financial wellness, one personalized plan at a time.

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Good day.

Start stocking up that prepper's shelter that you haven't completed yet.

The Jay Weber Podcast is a production of iHeartRadio Podcasts, produced and engineered by Gregory John.

The Jay Weber Podcast is presented by Creative Planning, helping clients simplify their journey to financial wellness, one personalized plan at a time.

Listen to all of Jay Weber's podcasts available on the iHeartRadio app, Apple Podcasts, or wherever you listen to your favorite podcasts.

The Jay Weber Podcast is presented by Creative Planning, helping clients simplify their journey to financial wellness, one personalized plan at a time.

The Jay Weber Podcast is a production of iHeartRadio Podcasts.

Welcome to the Jay Weber podcast.

I agree it can be easily done by Republicans in Congress and they should get it done.

The Jay Weber Podcast is a production of iHeartRadio Podcasts, produced and engineered by Gregory John.

The Jay Weber Podcast is presented by Creative Planning, helping clients simplify their journey to financial wellness, one personalized plan at a time.

Listen to all of Jay Weber's podcasts available on the iHeartRadio app, Apple Podcasts, or wherever you listen to your favorite podcasts.

When do you think that's coming? 'Cause we, in the data, we really haven't seen it yet for most companies.

You know, it's, I just look at it, like, even within our own, uh, company here at Creative Planning, like, there's a massive amount of investment happening in it now.

Like, in fact, it's compressing margins [chuckles] for the most part as you invest in solutions.

But I would say, and I'm as close to 100% certainty as possible, the efficiencies are coming.

And so it's actually not that big a deal.

So – There's a chart out by Creative Planning, which is a big RA, registered investment advisor nationwide.

And it shows the 126 years of stock market history through the end of 2025.

And the chart shows the S&P 500 And overlaid is S&P 500 earnings.