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 the9innings podcast, Kevin Thompson analyzes the House Republican budget bill and its financial impacts on consumers. He discusses significant cuts to agriculture, infrastructure, and mandatory spending, including Social Security and Medicare. Kevin warns of potential increases in food prices, borrowing costs, and transportation expenses. He advises listeners to budget for higher costs, lock in fixed loan rates, and plan for retirement. The episode aims to educate and empower listeners to navigate the financial changes brought by the budget bill.

Impact of Agriculture Budget Cuts (00:00:59)

Debt Limit Increase Explained (00:04:15)

Infrastructure and Transportation Cuts (00:05:30)

Energy Policy Changes (00:07:46)

Mandatory Spending Cuts and Social Security (00:08:59)

Final Thoughts and Recommendations (00:12:13)

NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2ei

Follow Us: youtube: / @9icap

Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428

Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-.

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

Disclosure:https://sites.google.com/view/9idiscl

Corrections: Editing by http://SwoleNerdProductions.com

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

In this episode of the "9innings Podcast," host Kevin Thompson, converses with Chuck Failla CFP®, founder of Sovereign Financial Group and host of the GoRIA Podcast. They delve into the fiduciary standard in the financial advisory industry, addressing the challenges posed by "planners in name only" (PINOs) and the distinctions between broker-dealers and independent registered investment advisors (RIAs). The discussion highlights the importance of fiduciary responsibility, the value of RIAs, educating clients, and the need for title protection and simplification within the industry.

Debate on Fiduciary Standard (00:01:30)

Consumer Awareness in Financial Advice (00:05:28)

Discussion on Planners in Name Only (PINOs) (00:05:55)

Social Media and Financial Expertise (00:09:04)

Pushback from Broker Dealers (00:11:07)

Barriers to Independence (00:14:19)

Ownership of Book of Business (00:17:00)

Value of RIA vs. Broker-Dealer (00:20:16)

Liability and Consumer Awareness (00:23:10)

Future Initiatives for the Fiduciary Standard (00:24:26)

Concerns Over Designations (00:28:03)

Final Thoughts on Industry Standards (00:29:18)

NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page

Follow Us: youtube: / @9icap

Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428

facebook: / mlb2cfp

Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4

Book Meeting: https://outlook.office365.com/book/G12473568acb64f719ff3e79cfc9d55ed@NETORGFT11398641.onmicrosoft.com/

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

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Corrections: Editing by http://SwoleNerdProductions.com