Shaun sits down with managing principal of Jack Lingo Asset Management, Doug Motley, to discuss the importance of fee structures and alignment of interests in investment strategies. The conversation delves into various types of fees, including asset management, acquisition, and disposition fees, and examines how different fee structures can impact investor returns. Doug also shares insights from his firm's practices and contrasts them with other industry standards, emphasizing the long-term benefits of alignment and transparency in fee structuring. The discussion aims to help listeners understand how to evaluate fees and their implications on investment performance.

Topics

00:24 Meet Doug Motley

01:23 Discussing Industry Fees and Frustrations

02:38 The Importance of Fee Alignment

09:54 Types of Fees in the Industry

10:37 Questioning Absurd Fees

12:51 How JLAM Handles Fees

16:51 Asset Management Fees Explained

21:06 Ensuring Long-Term Client Relationships

23:57 Understanding Risk and Return in Investments

24:15 Personal Experience with Investment Firms

25:02 Analyzing Fund Fees and Structures

26:30 Detailed Breakdown of Common Fees

28:17 Evaluating Fee Structures and Their Impact

32:16 The Importance of Fee Transparency

36:44 Aligning Incentives with Investment Goals

37:49 Future Investment Opportunities and Strategies

42:27 Concluding Thoughts on Investment Fees

Denise Menelly, a veteran of the banking industry, on working with her advisor Shaun Jones.

In this episode of Unbrainwashed Success, Sean welcomes Manny Aniceto, cousin of Sean's wife, to discuss Manny's intriguing journey from immigrating to the United States to his successful career at Procter & Gamble. Manny shares his experiences of overcoming obstacles, learning English through immersion, and excelling in various roles at Procter & Gamble. The conversation transitions to Manny's thoughts on early retirement, the challenges he faced in finding purpose post-career, and his endeavors in charitable work. Sean and Manny delve into the emotional impacts of retirement and the importance of continuing to deliver value in one's life. The episode concludes with Manny emphasizing the significance of focusing on love and relationships during retirement.

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Shaun expresses a bit of well-justified frustration about the lack of attention given to tax planning in the financial services industry. He highlights a common scenario where financial advisors direct tax-related questions to accountants, and vice versa, creating confusion for clients. Shaun mentions his previous firm's policy of disclaiming tax advice even when providing accurate information.

While people believe nothing can be done about taxes, there are basic tax planning strategies that many individuals overlook. Shaun shares the importance of controlling how investments are taxed and mentions specific examples such as not owning bonds in a brokerage account unless the entire retirement account is in bonds. He also touches on more advanced strategies like backdoor Roth conversions and using passive real estate for tax benefits.

The central message is that individuals have more control over their taxes than they realize, and Shaun encourages listeners to engage in basic tax planning to garner the highest after-tax value of investments and wealth, rather than simply minimizing taxes each year.

As a reminder, Shaun offers resources and invites listeners to reach out for assistance with tax planning.

Email Shaun at [email protected]

Text: 401.406.8090

https://www.jonesfwm.com/

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Shaun talks with Denise Menelly, a veteran of the banking industry, about the process of retirement.

Shaun reveals the interesting backstory of why his firm offers a discount to members of the military.

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Shaun delivers a counterintuitive take on deferring year-end taxes.

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Shaun Jones debunks some myths about tax-loss harvesting and explains his strategy im using the device for year-end savings.

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Welcome to the show! In the inaugural episode, Shaun talks with corporate lawyer Ken Nachbar, whose practice focuses on cases involving mergers and acquisitions, control contests, shareholder class and derivative actions, and contractual disputes.

More on Ken at https://www.morrisnichols.com/lawyers-kenneth-j-nachbar

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