YouSaid · the spoken record

Ron Carson

lines on the record: 64
first: 2020-06-26
most recent: 2020-06-26
sittings or episodes: 1
sources: podcast

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“Dictate your success, not what the market does. Because you know, Barry, there's always places to make money regardless of what's going on in the market.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I wish I knew my own advice because early on I was doing commodity sutures. I mean, this is the stuff I was doing on my own account, Barry. And I mean, I actually had cattle delivered to me. You know, I never realized that a paper contract could turn into real cattle. And I went through that. If someone would have said, Ron, American businesses are like a yo-yo going up a flight of stairs. You know, the market's going to fluctuate short term. I love what Buffett says. He says, our markets are capital relocation centers. They relocate wealth from the inpatient to the patient. And my own take on that is they relocate wealth from those that have a plan, from those that don't have a plan. And I wish earlier I would have figured that out for myself so I could then apply that to clients. And investor behavior will”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“But do it right, don't go to the wires, don't go to the brokers, go find an RIA that really is mission focused, that's not building it to sell it, that is really about being a consumer advocate, and you will do incredibly well. And by the way, when you prove your worth, negotiate a way to participate in equity. And that way you won't have to make, don't move around a lot. You'll find a place, stick with it, and don't be afraid to ask for equity at some point in your relationship.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I had this conversation yesterday, and I try to have them any day I can because I'm a linked fan. I have kids reach out to me all the time. And I tell them this is the best time to get into financial service. I said, you don't realize it, but you've won five power balls. And they're like, what are you talking about? And I said, well, let's just count them up here. First of all, you're a mammal. Do you know what the odds are for you to be a mammal? And then you're a human. And then you're in the United States of America in financial services if you choose at the most disruptive time possible. Every single relationship is in play because consumers are starting to look and say, am I getting a return on the investment I'm making? And I give them the stats that we're going to have a huge capacity issue because we don't have enough financial advisor. And it couldn't be a more powerful, powerful.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“They got more wealth and they could possibly spend in 10 lifetimes. But I've had those clients that are always chasing the hot dot or they read this or that book. I mean, I liked unexpected returns, the value investor. I've probably read 20 books over the years, but I really hesitate to give a book to say this is really what you really ought to follow because it's the consumer behavior that's going to drive their success, not what the market does or not, not what investment philosophy they have.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, I really have never read any of those books, Barry, to tell you really. And here's why, I mean, I've read a handful of them, but I'm a little different in my belief. And that is this, is that most people are trying to find a silver bullet of investing. And there just, it doesn't exist. And the silver bullet is that if you stick to a plan and you get your risk budget.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Growing up in the business. But ultimately, it's my partners too and my coaching group. I mean, if you have an open mind and you take the philosophy that the older I get, the less I know and I don't defend what I know and what I'm comfortable with, but embrace the unknown, you will learn something new every single day of your life. And a lot of it's very useful. I call it Coostful, cool and useful information. Coostful information as long as you don't think you've arrived or you figured it all out. I love that. There's a poster with an eight scratching his head. It says, as soon as I figured out the answers, they changed all the questions. And that's so true. The questions are changing rapidly.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“My mom and dad, my mom growing up, my dad was a hard worker, hard farmer. My mom, though, she was, Ronnie, you can do anything you want to do. I mean, this is being a kid, she had me convinced if I wanted to be the president of the United States, that was going to be it. And she encouraged me on any businesses that I ever wanted to do or start. And she was my partner a lot of times. passed away five years ago, Mother's Day. And then I got to know Warren Buffett here in town back when I was a business editor and his nephew was in a YPO forum with me. And his wisdom and advice. And then there's a gentleman here in Omaha, self-made billionaire, Howard Hawkes, who really started his business later in life just really gave me a lot of great.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“It cost me both, but I got to get the other one fixed soon here. I'm supposed to have it done in March, but COVID hit and that didn't happen.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Placement before I can finish out, but some of my best ideas have come on these several day mountain expeditions that I've gone on.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I love Joe Rogan, so I listen to his podcast all the time with our kids being out of the house. Jeannie and I, we just got through watching the Michael Jordan, the last dance. That was fantastic. And we're avid readers. And I'm reading The Tattoists of Auschwitz, which is really, really good right now. Essentialism, which is another great book that I love. I spent a lot of time going on walks and hikes. I think most high functioning creative people can gain a lot by just going and not having anything, just letting your mind go to wherever it goes. And Carson Partners was actually born on a hike. I'm trying to sum it all of the 14,000 foot peaks in the U.S., Barry, and a lot of them I've done alone. I've been 57. I have 12 left. I got to get an episode.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“In Africa that were feeding, we're involved with Scott Harrison's charity water. We're giving over 1,200 people a day fresh water from wells we've driven. But we're just getting started, Barry. I mean, we as an organization really want to have impact and we're looking for more and more ways to help people. And I personally believe private enterprise can do a much better job than the government can in figuring out who needs it and being very efficient in trying to deliver needs for causes that can very efficiently invest it.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so we decided early on that we weren't going to leave our kids much money. I've seen just the flip side of that and how awful it can be. And by the way, our kids have celebrated it. And with pride, you know, they know they're going to, I'll take a quote from Warren Buffett. We're going to give our kids enough they can do anything, but not so much they can do nothing. And the rest is going to our charitable foundation. And Jeannie and I were like, well, let's be giving it away while we're alive. And we started a foundation called Dreamweaver, where we do end-of-life dreams where the terminally ill financially unfortunate elderly. That's been tremendous. We're now funding some projects in the Dominican Republic around coral restoration. Anybody that wants to know more about coral, there's a great Netflix documentary called Chasing Coral, but it's a crisis in our ability to feed the world. Carson, we have three schools.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“It is brand new. Jamie Hopkins, who joined us about a year and a half ago, is running that. And Barry, there's so many podcasts out there that it's like, oh my gosh, there's really room for another podcast. And he's done such a great job with it. He's had really an eclectic group. We just had Ashton Kucher on who Jeannie and I got to know Ashton Amila through our, we belong.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I got to tell you, I love, I've got my life to where I get to spend my life doing things. I love to do, Barry, versus the things I have to do. And I can just hear it in your voice. I mean, you're a man of passion. And it just, you know, I get out every day with ton of enthusiasm. And I tell people, hey, if you start hitting the snooze button and you hit up more than twice, something's wrong. You've got cancer developing on your enthusiasm. So, you know, reorganize your life and your day to where you can't wait to get out of bed and get started with the day.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So I get up super early. I typically get up somewhere between 4 and 4 30 in the morning. I love my morning coffee. So I get my put the dogs out, get my coffee. I catch, I read. I love to read. I read, I think, I meditate. I do a little bit of breathwork. And then I work out. And then I move into, you know, I've got meetings pretty much throughout the day. And then the evening is, I'm so lucky I have my kids. I have one daughter who lives five minutes north of me, another daughter that lives four minutes west of me. I have a grandchild. I have another one on the way. It's got a son who just graduated. He lives about 15 minutes east of us. And so, you know, we're spending time with family, and I normally sound asleep by 10 o'clock at night.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I agree. I mean, we've been fortunate in Nebraska. And I still go up to our family farm pretty much every weekend. And that whole county up there has five cases. I mean, and you've got to drive two miles to see another person. So it's been nice having, yeah, we've been, we social distance our whole lives when we're up there. We didn't even know what we were doing. That's right.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I don't think this thing is done by any stretch of the imagination. You know, I think it should have been handled a lot differently. I think we should have quarantined those that were high risk that to put what we did to our economy. And of course, Monday morning quarterbacking is great. And hey, our leaders, this was an unknown and we still don't know the full ramifications of how this will impact our society for many years to come.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“The rules. Those are rules. We are faced with another dilemma this fall. We have, you know how this works. We contractually committed for a large conference this fall in Omaha. We've got 500 hotel rooms that we're on the hook for because social distancing, we don't have enough room to bring people in and actually consume all those rooms. So guess who gets to write a check for that? It's amazing.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and this is the pot shots where, oh, you're taking money from somebody else. And again, I want to know these people taking the shots. Why is one family's employment more important than another family's employment? You know, that's really what they're saying is we want to pick and choose the fan. And all these are people making less than $100,000 a year. By the rules, the rules.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah. So, Barry, when this, so we also have another business. It's an events business that really for financial advisors, we've been doing this for going back to 1993. And we had an event we canceled in Vegas. It hit our company to the tune of $4 million. We had 80 other events that we canceled around the country. And we have a lot of people that work in the events business and there was nothing to do. And so when we looked at our Carson group, our RIA doesn't need it, right? But our events business needed it. When we have a transformation.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And we're in a profession where people want to retirement, which I hate that term. Like, I'm going to do all this, spend all this time doing things I don't love to do. So I get to spend a little bit of time doing the thing I love to do when I'm the oldest and I'm not as healthy as I can be. So I challenge people to say, you know, if you start moving in that direction, you can't change it overnight, but you can get there a lot faster than you think. And just to accept this is my life. I don't love it, but I don't hate it. That's that unconscious journey to death.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Is, you know, we get into this routine where it just, we live life and days and weeks and months and years go by. And then all of a sudden it's all bias and we're like, gosh, you know, where did that go? And did I accomplish what I wanted to accomplish? And I teach a thing in my coaching program called Blueprinting. Live your life by design, not by default. And I think most everybody can work their way into that kind of life with a conscious effort. One of my favorite all-time books is Napoleon Hills, Think and Grow Rich.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“A firm and them leaving. That's really not what we want to do. And if we do do that, it's going to be on an earn out basis because if they're not going to stick around, they're not going to take care of the clients. We're not going to take the risk on it. And the most important thing, Barry, in all of these deals is culture. Is there a cultural alignment? We are, we probably look at eight deals and do one. And the reason we don't do the other seven is there's not a cultural fit. Hey, can I just make a quick comment back on the retirement piece with your wife? Sure. And this is for everybody out there. I love to say that most of society is on this unconscious journey to arrive at death safely. And what I mean by that...”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so Barry, up to this point, so the private equity money we took was to build all the tech infrastructure that I talked about because it wasn't available within our profession. We've been fortunate up to this point we've been able to self-fund all of these, but we're getting to a point, matter of fact, I had a team with my meeting with a leadership group this morning that we're getting enough additional deals to look at that we're probably going to have to either raise a little more, sell a little equity or raise cash or we don't have any debt as an organization and maybe take a modest amount of debt potentially onto the balance sheet. As far as terms go, it depends on the seller. Our preferred deal is to have a minority interest and to have the next have us finance the next gen. As far as buying 100% of”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Can we change how can we financial engineer you to get you the highest price and get the heck out? That's a totally different relationship. And when I did the deal with private equity, I knew I was looking for some know-how, intellectual capital. And I took a much, much lower price, but I also got really patient capital that was willing to give us pretty much full control on how we run our business. on the type of private equity.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, and let me just be clear, Carson, we're building a hundred year firm. You know, I started in 83. We're building this new building. And I said, you know, I want to have shirts for everybody when we move in. A picture of the building. It says, for the next 100 years, because we're not building it to sell it. But a lot of people are, and that's where private equity has actually stepped in. And we have a small minority interest in private equity. I brought them in. I plan on keeping control as long as I'm adding value to the business. I've got two generations of succession. I've got my next succession already done. Private equity has been fantastic for coming in and helping us professionalize a firm early on. They gave us an M&A strategy that we didn't have before. But I think private equity is like a mutual fund, Barry. They come in so many different flavors. Some are in how can we, how?”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“For alignment of interest. And we really want the founder to stick around and make sure that it's going to be a super smooth transition. And this guy, man, the due diligence and the way it's like if I can have 100 of these, I do 100 of them every year. And it's been a super easy transition. He's happy. His clients are happy. And he's now, as he will say, entering the third chapter of his.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, they're just, you know, they're working a few less hours every year on a daily basis or playing more golf, more time with the grandchildren. They're not really bringing any new clients. And if they lose a client or client passes on, they're not really that aggressive about going out to the next gen. The problem with that is they're not making huge investments into really what it takes to stay competitive in the field. And then there's a third bucket and they just, they want to exit the business. I don't really care about the next gen and I don't care about my clients. I want to get the highest check possible. And we see all three of those going on today. Of course, we focus on the next gen, someone that really cares. We did a deal recently and the office was in Vermont. And this guy, you know, we are never the highest priced payer because we're really looking for.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“It depends on the advisor. So there's really three different flavors out there. You've got the advisor who has next gen people there. They can't afford to buy in. And this is where we've been successful in helping the next gen actually buy out the founder. Our Chicago office is booming. And this was a great example of it was a CPA firm. The founder of the firm was like, I love my clients. I want to take care of my clients. But I'm not going to give my business away. So we're able to cup in and finance them buying out the next generation. So that's one model. The other model is you get some of the same people that retire, but they don't tell their clients they retired. And what I mean by that...”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And so we at Carson are going to take a major lead in this and we're going to put real money behind it. But I think it's not only bringing people in and training them, but letting them know here's what your career path can look like. And here's one of five different paths that you can take to be successful. So I think it really is going to come with in the trenches education. And we're, like I said, we've been working on this for a good six, eight months now. And we're going to be announcing, I think, a really exciting initiative around this in the next few weeks here.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I still scratch my head and go, why? Why have we not been more successful? Because people think it's a sales job. It's not. There's so many, you know, there's so many different tracks that you can take. And by the way, you got to huge tailwind behind you because we have more than half of who's in it today is going to be gone. They're going to be retired. And there's more people over the age of 80 in our profession today, Barry, than under the age of 30. That's amazing.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So we're announcing a major diversity and inclusion and next gen initiative at Carson Berry because I think as a profession, we've all sat around and waited for someone else to do it. And we've been experimenting at Carson with an intern to hire program where we've gone into colleges and had interns. And we really interview him as though they're going to come to work for us. And we do offer them a job at the end if they perform well. And we asked them to interview us at the same level. But we're building an office campus here in Omaha. We have Carson University today, so we do a lot of teaching and get young people interested. But we're going to take that to a whole new level. The other is, I mean, of people of color, I mean, it's been you and I, right? It's been you and I in this profession forever. Right.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Client can sit at that higher traditional relationship, there's not a lot of changes, there's not a lot going on. And they may go, do I really want to pay X for this? And today, the only choice they have is to fire their advisor or to have an uncomfortable conversation about reducing their fees under this, I think, future model, they'll be able to ratchet down to a different service offering without having to go through liquidating and all the tax ramifications, all the friction, even the bid and ask friction that come with that. But I think technology is going to give consumers a lot more choices and a lot easier way to measure, am I getting the value for the investment that I'm being asked to make in a form of a asset management fee or financial planning fee or a retainer fee?”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think it's going to be a combination. So, my view, Barry, is technology at the higher end where there's more complex needs is not going to replace the financial advisor, but it's going to enrich the experience for both the advisor and the consumer and allow us to do a much, much better job anticipating somebody's needs before they even know they have them. At the lower end, I think there are people that, and today, I mean, I went and signed up for all of those. There wasn't a lot of substance there. There wasn't a lot of, wow, that was really, really good or you really helped me. But I think it's a place to get started. I think the future is going to allow people to migrate, start there, move up to a hybrid experience as their complexity grows, eventually have a full-on traditional kind of relationship. But sometimes a”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“A day 365 days a year, and there's going to be alpha actions that can be generated because of the technology. That's the future of financial services, and it will be mind-blowing, the kind of value we can add. And the consumer is being expected to, they want an Amazon and Netflix, a Google kind of experience, and that's what we're going to have to deliver. I don't think each, you know, financial advisors look at each other as their competition. It's really those experiences that we're going to continuously be compared against and compete against in the future.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Lady comes up to me and says, I'm developing that. You got to see it. And I brought this back to my team. And they're like, well, we don't think anybody's that close. They did a demo for us, Barry. We were asking this engine financial planning questions, and it was giving us answers. And we thought we were talking to another person on the other end. It was that good. And this stuff is going to continue to get better and better. Just imagine today if we sit down with a client, we got lots of technologies. I mean, it used to take me a weekend really to get ready for a big client and a review and all the things we needed to do and talking to their tax professionals and their attorney and their insurance agent. All of that stuff is fed in and we can be ready and have a really productive meeting in an hour. But the future is all of this stuff, tax, legal, risk, cash flow, all of that's going to be looked at 24 hours.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And everything going on, and they make really poor knee-jerk reaction kind of moves. For example, let's talk about Donald Trump. You know how many people wanted to just go to cash before Trump got elected and the market had a major run up? You know how many people went to cash in the middle of COVID because the world can never recover from this, or at least for the next several years. When in fact, if they would have just had the risk budget right and then taking technology a step further, we get to know when a client's logging on what's going on in their life, what are they reading, and we can anticipate now moves that they're going to make that might be counter to what's in their best interest so we can get out ahead of it. We can have a meeting with them. We can talk about it. And this is just a very, very beginning. I saw a technology. I spoke at Tiburon last year in New York, and I talked about the future of artificial intelligence.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's the future of financial services. What we believe is we've built this single pane of glass for the consumer to have everything they want, like Amazon. It's super simple to use and to see and to interact. And that is the future. But you better have great data because I believe the risk choice has been, always will be as far as ruining someone's financial plan. Is a consumer doing the wrong thing at the wrong time? Why do they do that? Because they get caught up in noise.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Every time. And Barry, tell me this. From the time you started using Amazon to today, how many different technologies were swapped out behind the scenes that you weren't even aware of?”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“If you were going to switch from one application to another, it was a major migration. I mean, it was a big deal to make the switch. Well, now at Carson Group, we've got a data warehouse. All we have to do is consume what's known as an API, not just too technical for listeners, but think of just... Plugging in a hose and all that information can flow to any application that we want. And we can switch out an application overnight and I'll use Amazon as an example. You're an Amazon user, right, Barry?”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I'm on the opposite end of it. It's like, I love it. Get to know me as well as you can know me and help make my life easier. So I understand the listeners are going to fall in one of those categories, probably most of them fall somewhere in between. And so we made big investments at Carson last year and the year before into what's known as the data warehouse. So we have all our data. We have very clean data. And the other thing that's cool about that is we used to say that we have a high degree of IQ and that's implementation quotient because when it's all said and done, Morgan said than gets done almost in every business. But now at AQ as well, and that's adaptability quotient, because none of us can possibly anticipate all the amazing technologies that are going to emerge out of the garage, so to speak. If you are in the old traditional way of having technology,”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Barry, I go to a place called Singularity University. I've done it for the last two years. And it's out in Palo Alto. And it's Peter Diamantis and Frank Kurzweil. And, you know, just people that are talking about the things that are coming. And Frank made a comment two years ago. He goes, you know, the technological change is nothing up to this point. It's been a trickle. And the avalanche is near. And I share that view. I am seeing what's going on with artificial intelligence, with data. And I see a world where, and this is controversial, right? I mean, when you, for example, I have three children, my son, not on social media, hates Google because they read our email.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Barry know, and I never expected the success I've had. our personal obligation is to lift people up that struggle. And I think when I got started in the eighties, if you worked hard, you could go out and you could make it. And there's parts of the world today, and especially there's even parts here in the US, it's really hard to emerge. And so with that success comes, I think an obligation that we've embraced to have as big an impact on our community as we possibly can.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“It is correct. Yes, and a lot more than just a camp, Barry. It's everything else. I mean, literally, we will right there RFP, we will present to an endowmenter foundation. It's not like, oh, they have access. Our team at Omaha is their team. And if you go to our partner's website, you'll see that a lot of them at Brandon Carson. Some of them continue to go under their own brand. But I think of it as Tampa providing just asset management. That's one of 10 services we provide to our partner offices.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Because there was a lot of, none of us knew the iPhone was possible until Steve Jobs came up with it. Right now we all love it, can't imagine a world without it. So we've also ideated stuff that they're going, wow, I didn't even know this was possible. And it's been really an exciting partnership with our partners around the country”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Are a succession solution, so a lot of these firms have become Carson. We've bought them or we own a minority or we own a majority. We are very flexible. But we do their technology. We do their trading. We do their compliance. We do their marketing. We do everything with the exception of actually sitting down and meeting with the client. We have CPAs. We have attorneys on our team. We have a trust department. I mean, we have insurance department where we can provide all of that in one single pane of think of an Amazon experience and most of the smaller independent advisors can't begin. They're so stuck in the whirlwind of trying to run their business day to day. They can't really emerge and then think creatively and proactively. And that's really what Carson Partners does for them. And we do it together. It's bottoms-up innovation. They come up with some amazing things that that's what we implement into the model. But we also ideate.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, coaching is different than partner. So we have our cert, so we have our retail, we have our coaching, and then we have Carson Group partners. And what I learned through the coaching business, Barry, and I think you'll appreciate this as many years you've been around being a mentor to people, either directly or indirectly, is that old thing you can lead a horse to water, but you can't make them drink. You can give them all the ideas, but very few people, I used to get questions all the time like, Ron, how can you give everybody your secrets? They said, well, first of all, I want our profession to be better. And I believe it's us against the evil empire out there, the conflicted model. But number two, most of them won't do anything with it. And it's not a real competitive threat. And that's why Partners was launched in 12 is a lot of these clients of ours that say, can't you do it for us? So then we evolved into a model today where we”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Back out, come back in again. And a lot of independent advisors, they feel like they're isolated islands out there and they really want to have community. They want to have best practices. They want to have place that they can bounce ideas off of. You know, today we have, I think we have 11 executive business coaches that specialize in a variety of different areas. And I have learned a ton from having our coaching organization. I always like to say, you know, we're better together. None of us is as smart individually as we are collectively. And just this group has pushed me to get better. I've learned so much from them. But it's really a cool community that's all committed to continuous improvement.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So Barry, and I guess I started a retail in 1983. And in 1993, I was giving a talk in Boston at the organization at the time called the IAFP. I don't know if you remember that, International Association of Financial Planners. And I was just talking about the different things I was doing in my business. And two gentlemen came up and said, hey, would you coach us? And I said, sure. And that's how my coaching business started in 1993. I launched Carson Coaching. I had seven people come out to Omaha, Nebraska. And we've had quite a following over the years. I mean, we have around 12,300 offices today that we provide consulting services and coaching services to. We have tens of thousands of alumni, people that come in out of. They'll be in our program for a year or two.”
2020-06-26 · Masters in Business · Ron Carson on Financial Advisers' Trust (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source