He didn’t do it all himself of course. Big ups to the ShiLa Capital Management team, handpicked by the thespian from their posts at the Encino Charles Schwab office, Citi and John Thomas Financial.
Related: Shia LaBeouf Knows What It Takes To Get Hired At Goldman Sachs
Comments (104)
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker -
You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
2. He Offers to Manage Your Money for “Free”
Financial planners are usually paid in one of two ways: Either through fee-only, which can be a set fee, hourly, retainer or a percentage of the assets they manage for you, or through commission, which means the planner is paid each time he buys or sells an investment.Fee-only payment structures can be more desirable to some clients, as there’s no financial incentive based on assets under management for a planner to buy or sell, whereas working on commission encourages planners to make trades, rather than solely look out for your best interest—called a “fiduciary” duty. (You want to be sure that the planner you choose is a fiduciary.)
LearnVest Planning Services provides the services of fee-only Certified Financial Planners™. Get started for free with a 15-minute financial consultation.
3. She Says She Outperforms the Market
“If a financial planner tells you that she can outperform the market, that’s a major red flag,” Vient explains. “In fact, due to government regulations, it’s illegal to advertise statements that promise a specific return.”Outperforming the market—that is, getting better investment returns than the market average—is extremely difficult to do consistently, and requires taking a lot of risks with your investments. It’s rare to find a financial planner who can consistently outperform the market—and results are never guaranteed. Either way, in the pursuit of these high returns, she’ll be exposing your investments to much higher risk than you may be comfortable with.
Instead, look for a CFP® who, when looking at your portfolio, can advise on proper asset allocation based on your risk tolerance and time horizon, as well as through economic ups and downs.
4. She Doesn’t Ask About Your Financial Goals
“Your planner isn’t just there to crunch the numbers,” Vient advises. “She’s helping you make a plan for your money and your life. You should be looking for someone who has similar values to you.”Ideally, you’ll likely want to work with someone who is in a similar life stage. Are you a parent? A planner with children may be better able to understand your need to save for college. Does your CFP® have a specialty? Some planners have an area of expertise, like insurance, estate planning, divorce or retirement—a fact you might want to consider if that’s a particular need of yours.
When meeting a potential planner, remember that you’re allowed to ask questions about their experience and priorities: “Do you think it’s more important to save for retirement or pay off debt? How do you feel about supporting kids through college? How do you mitigate investment risk as your clients get older?”
The choices you make with your money are intensely personal. The person who helps you make these choices should be able to understand and accept your financial priorities, and help you use your money to meet them.
5. His Management Style Makes You Uncomfortable
Financial planners can manage your money for you or manage your money with you. As different people have different needs when it comes to money management, there is no right way to work with a planner—it’s up to you to decide how hands-on you want him to be.
When you sign on with a financial planner, there will be a written agreement of how the two of you will manage your money. Read this carefully, and ask questions if you’re unsure about anything. Are you signing your accounts over to this planner? Will he check in with you before making a trade, or when rebalancing your accounts? If you’re uncomfortable with anything in the agreement, bring it up immediately.Learn more about LearnVest Planning and our financial planners by visiting learnvest.com. To book your free consultation today, email FA_Support@learnvest.com or complete your request online.
LearnVest Planning Services is a registered investment adviser. The opinions expressed in this article are that of LearnVest Planning Services, a registered investment adviser. The advice provided may not be suitable for your individual situation and you should discuss your situation with a financial professional.
-
Posted in:
Sponsored Content
SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products:
“We can offer a better deal than the federal government in terms of rates […].We offer borrowers who meet our underwriting criteria a package that pays off their federal and existing private student loans at a rate as low as 5.49%. Some lenders will do a consolidation on private loans, but we’re the first lender to offer to refinance a federal loan at a lower rate.”
Journalists from the USA TODAY, The Chronicle for Higher Education, the American Banker among others, also found themselves reporting on how SoFi is “using social communities and offering refinancing of student loans.“ It is this social community aspect that makes refinancing with SoFi so valuable. By connecting borrowers with a community literally invested in their success, the benefits of a SoFi loan go beyond saving money.
How many student lenders do you know that will help unemployed borrowers find a new job? SoFi does just that – engaging with borrowers who are actively looking for new employment opportunities and leveraging the networks of all members eager to help these individuals achieve new heights in their career.
Our Entrepreneur Program is another example of SoFi’s community in action connecting like-minded borrowers and investors in support of new business creation. We combine mentoring sessions for participants with exclusive access to the venture capital community.
SoFi wants to help borrowers realize their goals beyond paying off student debt. Whether seeking employment opportunities, career advice, partners for entrepreneurial ventures, access to industry luminaries, or simply a like-minded network, our members benefit from a supportive community of people vested in one another’s success.
Learn more about SoFi’s refinancing programs and community benefits at www.SoFi.com
-
Posted in:
i hate him so much
mmmmdouche bag.
uh, and what about all we did for you, dickshine? oh how you forget so quickly.
-LB
I could have turned it into $4.8 mil, easy.
-Cody
I think you might have accidentally misspelled “Thespian”. They way you spelled it with a “b” makes it sort of look like “lesbian,” which would obviously be incorrect since Shia is male.
-AIG Humor Analyst
not impressed.
-twizzlers boy
uh, is he joking about the insider trading thing?
where are his gucci loafers?
For a reasonable fee, I would certainly piss in his ass.
-Ping
Its all pump and dump. with clients.
Once you get the money, you collect the fees and
work = 0
pay = Excellent.
Stop pretending to work 100 hours a week. We all know its bull. Those that do don’t make as much :)
@10 uh…who are you addressing here? shia? hf managers?
Does anyone have first year Decepticon numbers?
tax him
HES AN ACTOR. What do you ecxpect him to know. Id switch places with him in a second, he makes millions to play pretend, has Megan Fox on speed dial and spends his days boozing and picking up low hanging fruit. All the suden hes expected to know about trading/finance cause hes in some Oliver Stone trainwreck. Although, Im sure he knows more than Volsmile.
@14 we don’t expect him to know shit. that’s why it chafes just a bit when he claims in every single interview that he’s a trading guru, knows what it takes to get hired at goldman sachs and so on and so forth. but bravo for not getting it. idiot.
Wait until Volker finds out about this. Warner Brothers and 20th Century Fox’s prop desks are gonna be FUCKED.
If you didn’t know how to short and went long on ANYTHING all of last year, you’d have made money. Being lucky >>>> being smart.
@17 False. Ask those that were long XOM all 2009.
My point is D-bag at 15 that you shouldnt be listening to him PERIOD. Hes aobviously a moron. Thanks for playing, back in your cubicle
“say your coming out of a top business school like Fordham” . . . Huh?
I conduct all my private illegal insider trading activity via Twitter as well. That way, every teenage Ashton Kutcher fan knows exactly what my positions are going to be. Brick phones are so 2000-and-late.
He was training at Schottenfeld, this is a fact. There is even a scene in the new wall street movie that was filmed there.
dbags like this are the reason why I left W Street.
A Mozilo.
@19 master leaving a single comment with less than 15 grammatical or spelling errors, then I’ll take orders from you.
@20 – “your” post makes you look like a fordham mba
@ 14: If anything, being any benchmark is free PR for VS (no bad PR). I could recommend a book or two on dealing with insecurity, too.
Besides, my “Bar Mitzvah money” is being managed by positive alpha funds (which, by default, excludes you, as you use THE mouse, and your unsurpassed douchery cannot be hidden behind your “guest” handle).
@18/NS
That gem you left of the CG thread is going to go unnoticed unfortunately.
Bravo though.
@27 noted. Timing is everything.
the encino schwab office is the new killin’ it!
@NS – you did not labor in shadows, it was duly noted (as evidenced @27), it is just not as widely publicized as some of your other great work, like H-BCMLLC…
@ NS – passage of time is the cure for timing mistakes. I admit of printing some of your posts to enjoy with a sip of Armagnac. Both timeless pleasures.
More importantly, IMDB indicates there’s like only 3 hot(ish) chicks in this WHOLE movie, 2 are credited (“Natasha” and “Audrey,” hookers, maybe?)and the other, uncredited, what the f*ck sorta Bullsh*t is that?!
@26, do you have any books that deal with being a tremendous knob? Im sure you do, and you should pick up some more because the first few didnt help.
Your use of buzzwords in the rest of your post convince me more that you are a back office tool…..
He went here to get all the best tips: twitter.com/insidertrading
He was training at Schottenfeld, this is a fact. There is even a scene in the new wall street movie that was filmed there.
@32 – It is true I have a giant knob, and, no, for the last time, I will not let you play with it. I could Gundlach you, though, for a nominal fee.
P.S. – are you implying that FO does not know what positive alpha means, or is it just limited to your shop, where I hear, it is a prerequisite to join? This concludes my comments to you, for now, and in the future (or else, my dislexy will flare up again).
Over the course of filming his $20K investment appreciated to $489K? Assuming a six month shooting schedule that’s a ~4,690% return. He must be a good friend of James B. Blair.
Daring bored SEC staffers on national television is the new killing it.
Way to go Shit the Beef.
Over the course of filming his $20K investment appreciated to $489K? Assuming a six month shooting schedule that’s a ~4,690% return. He must be a good friend of James B. Blair.
Daring bored SEC staffers on national television is the new killing it.
Way to go Shit the Beef.
I have to assume his next series of career moves will be to start a hedge fund, run it into the ground, write an awful book, and end up hawking penny stock DVDs in a DoubleTree conference room.
@27/28. Except #1 in that thread was a troll.
I don’t think the CFA Institute would approve of his casual commentary about investment chicanery and the lack of a well-coordinated and efficient financial market. I believe this interview warrants a review with the Disciplinary Committee in violation of the CFA Code of Ethics and the Standards of Professional Conduct. As a potential charterholder, Shia should be held to a higher standard.
The comments in this thread have been generally awesome.
~Guy Who Knows His Threads
Where the hell is the Joke Briefer.
Some people here are either a) new to the board or b) Fordham MBAs.
Fordham MBA or University of Phoenix CFA?
24.45x on investment…what’s the IRR you faggot?
what a complete blowhard, lying through his teeth, ok Shia lets see audited fin’l statements and I will bet anything that you did not make >100% let alone 4000+% as you claim. Not to mention the movie looks incredibly stupid.
-Shia Ladouche
dont be hatin’
@37 should be 4,690% annualized or 2,345% for the six month period.
44 – no need to use PE jargon (IRR) if the 20k was invested all at once. You, see, IRR is tantamount to money-weighted return, which is only applicable when there is more than one investment inflow or more than one outflow and you are looking for a return that reflets the money-on-money annualized return.
- Shia (level II candidate for the CFA Charter)
Anal_yst, pictures of tutoring LeBeef in the Equinox steam room or it didn’t happen.
PTJ
Megan’s prepuce >>> money
I thought Fordham burned to the ground during the celebrations over the OJ verdict. No?
HAM is right – you guys should stop hatin’.
I am familiar with someone who moved from schwab’s encino office. they utilize a highly levered strategy that was developed by a fordham educated cfa. by purchasing options on margin, then employing the analysis championed by nassim taleb while following roubini’s view of the market they have been able to generate these outsized returns.
or was it because our hero opened the account with $20k then transferred another $500k after he got paid for completing the film?
Shia, expect a call soon.
- Unamused SEC guy
Hollywood = he bought $20k in coke then sold it along with his rectum. Big profits.
Am I the only one who find Megan F skanky/trashy (and not in a good way)?
I sniff his underwear.
– Jeffrey C.
I sniff his underwear.
– Jeffrey C.
It went from him and the help of his entire team “of like four or five guys I was really working with” to “four of the nine guys” in the matter of four minutes.
Where’s Fordham?
@59- In the Bronx, off of the island.
@60- the business and law schools are across the street from Lincoln Center. Which is on “the island.”
buddy let me give you some advice. If you want to stop looking like a goat, get rid of your facial hair.
@ 20,43,60 – Devry or Apex tech?
@3/LB nice use of “dickshine.”
methinks cluzo @ 52 is onto something
I also once turned $20k into $489k…by lying totally lying about having done so. Douche.
Top notch business school…Fordham…Shit! and I just came here because it was free!
must hurt banker egos…actor showing how easy it is to make money with lowly assistants and eyes shut.
must hurt banker egos…actor showing how easy it is to make money with lowly assistants and eyes shut.
must hurt banker egos…actor showing how easy it is to make money with lowly assistants and eyes shut.
must hurt banker egos…actor showing how easy it is to make money with lowly assistants and eyes shut.
must hurt banker egos…actor showing how easy it is to make money with lowly assistants and eyes shut.
@68-72 does it hurt your ego to see how easy it is to not quintuple post? with lowly assistants and eyes shut?
@55 No.
@55 Yea she’s terrible… I mean Id do it but real mean.
spend it all in Annacott Steel and Bluestar Airlines
His returns are very plausible.
–BM
What the hell is Fordham BS? bull shit or business school??
What the hell is Fordham BS? bull shit or business school??
What the hell is Fordham BS? bull shit or business school??
What the hell is Fordham BS? bull shit or business school??
What the hell is Fordham BS? bull shit or business school??
What the hell is Fordham BS? bull shit or business school??
Watch out beef going big times.
78-83 the sextuple post is impressive, most idiots only double post, but you sir are a special breed of imbecile. Be sure to put your helmet on before leaving the house.
Regards,
- Fordham MBA 09′
This reminds me of when Hillary Clinton claimed they had taken a $10k investment in cattle futures and parlayed it into $3 million.
(insert word used by John Mayer) please.
This reminds me of when Hillary Clinton claimed they had taken a $10k investment in cattle futures and parlayed it into $3 million.
(insert word used by John Mayer) please.
I think @78-83 has a point. Any one care to explain ‘Fordham’?
I think @78-83 has a point. Any one care to explain ‘Fordham’?
I think @78-83 has a point. Any one care to explain ‘Fordham’?
Isn’t Fordham one of those that have tie-ups, eg. with UK’s Croydon Business School and China’s Chongqing Financial Academy?
Can I get my MBA diploma by post in 2 weeks’ time? I have an interview with Citi…
Isn’t Fordham one of those that have tie-ups, eg. with UK’s Croydon Business School and China’s Chongqing Financial Academy?
Can I get my MBA diploma by post in 2 weeks’ time? I have an interview with Citi…
Isn’t Fordham one of those that have tie-ups, eg. with UK’s Croydon Business School and China’s Chongqing Financial Academy?
Can I get my MBA diploma by post in 2 weeks’ time? I have an interview with Citi…
Isn’t Fordham one of those that have tie-ups, eg. with UK’s Croydon Business School and China’s Chongqing Financial Academy?
Can I get my MBA diploma by post in 2 weeks’ time? I have an interview with Citi…
Isn’t Fordham one of those that have tie-ups, eg. with UK’s Croydon Business School and China’s Chongqing Financial Academy?
Can I get my MBA diploma by post in 2 weeks’ time? I have an interview with Citi…
Isn’t Fordham one of those that have tie-ups, eg. with UK’s Croydon Business School and China’s Chongqing Financial Academy?
Can I get my MBA diploma by post in 2 weeks’ time? I have an interview with Citi…
91-96 another master of the sextuple post. You may want to try your luck at a school daddy’s money/connections can get you into.
I call BS.
There’s no way someone could turn 20K into 490 in a ‘mere couple of months’.
Fuck this guy.
IwNS3O I really enjoy the blog post.Really thank you! Much obliged.
mEAkI7 Really informative blog.Really thank you! Really Great.
aqzrslic
iI1uam Thanks for sharing, this is a fantastic blog article.Much thanks again. Will read on…
Hw8IEb Im grateful for the article. Will read on…