Thomas J. Guidi, CFA, Investment Manager, Co-Chief Investment Officer and Shareholder at Foster & Motley, Inc., explains the misunderstood role of cash in financial planning. He outlines how to approach liquidity needs, make the most of different cash vehicles and avoid common pitfalls when managing excess cash. Thomas also explores how advisors can help individuals match their cash strategy with both immediate and future needs, ensuring that every dollar has a purpose.

Key Takeaways:

(01:31) Maintaining a buffer for expected and unexpected expenses is important.

(03:22) Excess cash holdings may limit potential long-term growth.

(04:37) Understanding liquidity needs helps determine appropriate financial tools.

(06:26) Some cash vehicles may offer higher returns than others.

(06:55) Matching the timing of future expenses with investment maturity can be beneficial.

(07:41) Risk levels and protections vary across different cash management options.

(08:48) Financial professionals can provide guidance in choosing between available options.

Resources Mentioned:

Foster & Motley, Inc.| Website

https://www.fosterandmotley.com/

Connect with Thomas Guidi:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley, Inc.

LinkedIn: Thomas J. Guidi, CFA

https://www.linkedin.com/in/thomas-guidi-cfa-21830952/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

In this episode, we’re joined by Rachel Rasmussen, MBA, CFA, CDFA®, Investment Manager and Shareholder, and Joe Patterson, CFP®, Financial Planner and Shareholder, both at Foster & Motley, Inc. Together, they navigate the financial and emotional complexities that follow the death of a spouse, offering a compassionate and pragmatic look at planning for one of life’s most difficult transitions.

Rachel and Joe outline the importance of preparing in advance. They walk through the steps survivors must take in the immediate aftermath of a loss. From accessing cash and organizing documents to managing ongoing bills and updating estate plans, they explain how thoughtful planning and the right support system can make a significant difference during a deeply emotional time.

Key Takeaways:

(01:08) Take time before making major financial decisions.

(02:37) Rely on a support network of professionals and loved ones.

(05:35) Prepare necessary documents to facilitate transitions.

(08:28) Ensure continuity of income through proper coordination.

(11:54) Keep an organized overview of financial assets.

(15:06) Set up account access in advance to avoid complications.

(19:49) Safeguard and share digital access information appropriately.

(20:54) Communicate the location of key legal documents.

(26:48) Reevaluate financial plans and goals as circumstances change.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Joe Patterson and Rachel Rasmussen:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

https://www.fosterandmotley.com/

LinkedIn: Joe Patterson

https://www.linkedin.com/in/josephapatterson/

LinkedIn: Rachel Rasmussen

https://www.linkedin.com/in/rachel-rasmussen-cfa-cdfa/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast

In this episode, we hear from Foster & Motley, Inc.’s Luke Hail, MBA, CFP®, Financial Planner and Shareholder, and Zach Horn, MBA, CFP®, CMFC®, Managing Partner, Investment Manager and Shareholder. They discuss how money mindsets, shaped by upbringing, experience, and environment, affect financial decisions. Drawing on years of advising high-net-worth clients, they highlight how understanding these mindsets can help individuals and couples make aligned choices, avoid unnecessary friction, and gain peace of mind through thoughtful planning.

Key Takeaways:

(01:16) A money mindset forms early and drives financial behavior.

(04:34) Differing mindsets can create tension in relationships.

(09:07) Emotions can impact financial decisions.

(10:47) Advisors help clients navigate financial pressure.

(13:30) Clear planning builds confidence to spend or give.

(16:58) Giving during life can be more meaningful than waiting.

(21:01) Diversification supports long-term stability.

(22:42) Reducing stress improves financial resilience.

Resources Mentioned:

Foster & Motley, Inc. | Website

https://www.fosterandmotley.com/

Connect with Luke Hail and Zach Horn:

info@fosterandmotley.com

+1 513-561-6640

Foster & Motley

LinkedIn: Luke Hail

https://www.linkedin.com/in/luke-hail-cfp%C2%AE-b606679/

LinkedIn: Zach Horn

https://www.linkedin.com/in/zachhorn/

LinkedIn: Foster & Motley, Inc.

https://www.linkedin.com/company/fosterandmotley/

#WealthManagement #FinancialPlanning #InvestmentAdvisory #WealthManagementPodcast