Fiduciary Services & Investing Advice

Today, we’re sitting down with Gil Baumgarten, president of Segment Wealth Management, and a 36-year veteran of the investment industry. In 2010, Gil made the bold decision to leave behind Wall Street’s brokerage firms to start Segment, a fiduciary firm where the clients’ interests come first. 💼
Gil has been recognized multiple times as one of Barron’s Top 1,200 Financial Advisors in America, and he’s also the newly published author of “FOOLI$H: How Investors Get Worked Up and Worked Over by the System”. We dive into topics from his book, as well as Gil’s candid take on the GameStop short squeeze and the hidden agendas that still plague Wall Street.
After spending 20 years under the shadow of big brokerage firms, Gil now advocates for a fiduciary model that aligns with his clients’ best interests-free from the conflicts of Wall Street. 💡
In this episode, we cover:
⏰
[2:49] - What is a fiduciary, and what exactly do they do?
[3:50] - The key differences between fiduciaries and brokerage firms
[4:37] - Gil’s personal experience on Wall Street: the good, the bad, and the ugly
[8:09] - The Wall Street agenda and how to protect yourself from it
[9:19] - Why the brokerage model disadvantages clients vs. a fiduciary model
[11:01] - How fiduciaries get paid vs. how brokerage firms make money
[14:47] - All about “FOOLI$H” and investing wisely
[17:14] - SEC regulations, IRS tax advice, and more
[21:30] - Seven tips for achieving better investment results
[24:16] - Gil’s thoughts on Bitcoin and other cryptocurrency investments
This is a must-watch for anyone serious about protecting their wealth and learning how the system really works. Don’t forget to subscribe and set your reminders! 📅
#Investing #Fiduciary #WealthManagement #WallStreet #GameStop #Crypto #Bitcoin #FinancialFreedom #Barrons #FoolishBook #SegmentWealth #FinancialAdvisors #InvestSmart #REIWords #SECRegulations #ClientFirst