Aug 31, 2022
Gil Baumgarten is a 36-year veteran of the investment industry. In 2010, Gil left the brokerage world to start Segment Wealth Management, a fiduciary firm where the interests of the client and the firm could align. He is a multi-year recipient of the Top 1,200 Financial Advisors in America distinction by Barron’s and was named one of the Top-20 Exchange Traded Funds Thought Leaders in America. Gil launched his first book this year, FOOLISH: How Investors Get Worked Up and Worked Over by the System, which hit #1 Best Seller status on Amazon.
Connect with Gil:
Segment Website: https://segmentwm.com/
Segment Facebook: @SegmentWealthManagement https://www.facebook.com/SegmentWealthManagement
Gil Baumgarten LinkedIn: https://www.linkedin.com/in/gil-baumgarten/
Time Stamps:
3:05 - Difference between fiduciary and financial planner
5:20 - What is a 12b-1?
9:45 - The difference between “suitable” and “best for” when it comes to Advisors
13:50 - Obligations of 401(k) providers
18:15 - Standards of care
20:00 - Cost vs Investment
21:05 - Commercial Break
22:10 - Gil’s book, FOOLISH: How Investors Get Worked Up and Worked Over by the System
25:00 - Quantifying returns
28:45 - How to win a free copy of FOOLISH
29:55 - How to contact Gil
31:20 - Gil’s philanthropy