Charting The Course
“Charting The Course” is a podcast hosted by The Hilton Group at UBS Private Wealth Management to navigate the ‘rocks and reefs’ that life and financial markets can present. Each lively episode helps affluent investors set out on the proper course toward making smart financial decisions so they can spend more time doing what they love.
HILTON
Importance of Financial Planning in a Volatile Market
33:59Jamie Hilton, managing director at The Hilton Group at UBS, discusses why having a financial plan is so important especially during a volatile market. In this episode, Jamie defines what a volatile market is; putting your money to work; the benefits of having short-term liquidity and cash; retirement and legacy planning; how not to react emotionally in a bear or down market; and how to avoid reactive planning with success and confidence.
Why Widows Fire Their Male Financial Advisors
22:36Kara Museler, senior vice president/wealth manager at UBS, reveals that 25% of certified financial planners in the U.S. are female, and women clients remain typically underserved by their male counterparts. In this episode, Kara’s three decades of experience in the financial advisory field notes that women (single, widows, divorcees) are now being recognized as having a significant market opportunity. She shares her best practices while working with female clients and couples, such as listening, building trust, and not making assumptions about risk tolerance or gender stereotypes.
Behavioral Finance: Why are people so emotional and irrational?
41:12Anthony “Tony” Cerino, financial advisor at UBS, discusses the influence of psychological biases and emotions that can affect market outcomes. Why do investors lack self control and act against their own best interests to make decisions when it comes to money, and why do people base decisions on their own personal biases or fears vs. facts? Tony explains the three types of biases that clients have, and the importance of understanding their life goals and reframing their short- and long-term time horizons to create the most effective, comprehensive and sustainable financial plan.
Meet The Hilton Group Advisors
48:22This is the inaugural episode of The Hilton Group's "Charting The Course" podcast so it's only fitting to hear about the early days of how this wealth management team initially met and started working together, and how they charted their own course to the firm's success. Chapter One: Jamie Hilton talks candidly and unabashedly about his early days needing a job, and the ups and downs of his career path as a stockbroker with Shearson Leeman Brothers to Wall Street's COMEX and beyond, and many of the lessons and principles learned along the way. Included (10:00) is his own family background. Chapter Two (12:46): Kara Museler describes her background growing up and how it shaped her work ethic. She recalls how she unexpectedly first met Jamie in Spain while sailing in a regatta. They talk about working together at The Hilton Group. Chapter Three (16:29): Jamie tells the story of how Tony Cerino joined the firm as an intern. Tony figured out pretty quickly how team chemistry and values alignment is so important, and talks humorously about his journey - but, seriously, what it's like to work and learn from the award-winning team that is Jamie and Kara. Chapter Four (30:32): Longevity of team members is key to The Hilton Group's success. Jamie mentions Janet Nobis' integral contributions to the firm and Katherine Farnham who is following in Janet's footsteps. Chapter Five (35:00): It's clear that The Hilton Group team gets along very well. In this chapter, the team has a conversation about how they approach and spend their day collaborating and serving clients' needs. The final question that remains unanswered during this podcast is how The Hilton Group ended up with UBS. Listen at 43:49 as Jamie answers the question.
