The Trusted Partner Podcast - Wealth Strategies for High Net Worth Families

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?

- How much hospitality revenue is from business vs. leisure?

- What kind of geographic shifts are occurring in global hospitality?

- How has inflation impacted hospitality in '22 and '23?

- What makes a "good" hospitality investment?

- 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.