Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

In this episode of the "9innings Podcast," Kevin Thompson, founder and CEO of 9i Capital Group, discusses the evolving regulatory landscape in the financial services industry with Tracy Lownsberry, owner of Up North Retirement. We delve into the implications of Regulation Best Interest (RBI) and the fiduciary standard, examining the shift from commission-based to fee-based models and the complexities of financial advisory titles.

The conversation highlights the need for transparency, standardized commission structures, and continuous education to better serve consumers. Tracy advocates for clearer regulations and accountability in the insurance industry to enhance consumer protection and advisor competence.

Regulation Best Interest Overview (00:02:12) ..

Personal Experience with Regulation (00:04:20)

Regulation of Financial Titles (00:07:26)

Disclosure Issues in Commissions (00:10:10)

Disclosing Commissions from Top to Bottom (00:14:11)

Impact of Regulation on Compensation (00:19:27)

Fiduciary Standard Debate (00:20:38)

The Need for a Fiduciary Standard (00:25:00)

Regulatory Challenges in the Industry (00:26:44)

Superiority Complex in Financial Services (00:28:06)

Future Vision for the Insurance Industry (00:30:27)

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linkedin: https://www.linkedin.com/in/kevin-thompson-ricp%C2%AE-cfp%C2%AE-74964428/

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Website: http://www.9icapitalgroup.com

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Corrections: Editing by http://SwoleNerdProductions.com

In this episode of the "9innings Podcast" we discuss the Disruption Blueprint. Kevin Thompson, CEO of 9i Capital Group LLC, and Shannon Spotswood, the CEO of RFG Advisory, discuss the evolving Registered Investment Advisor (RIA) industry. They explore themes of disruption, innovation, and the impact of private equity. Shannon emphasizes the importance of helping independent advisors grow without compromise, leveraging technology, and maintaining strong client relationships. She shares insights on navigating industry challenges, the role of private equity, and the need for advisors to adapt and innovate. The episode concludes with optimism for the future of the RIA space.

Reflection on Career Journey (00:01:00)

Disruption in the RIA Industry (00:04:12)

Challenges in the RIA Space (00:06:43)

Private Equity Dynamics (00:10:39)

Concerns About Aggregation Models (00:12:05)

Competition and Unique Value (00:15:32)

RFG's Growth Services (00:19:05)

Future of the RIA Industry (00:26:17)

Generational Wealth Transfer (00:27:43)

Long-Term Vision for Advisors (00:28:39)

The Ascent vs. The Summit (00:33:44)

Follow Us:

youtube: https://www.youtube.com/channel/UCw9yLfTDBAprrLWvmcT6fFA

linekdin: https://www.linkedin.com/in/kevin-thompson-ricp%C2%AE-cfp%C2%AE-74964428/

X: https://x.com/MLB2CFP

facebook: https://www.facebook.com/MLB2CFP

Buy My Book: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4

Website: http://www.9icapitalgroup.com

Hit the subscribe button to get new content notifications.

Corrections: Editing by http://SwoleNerdProductions.com