Guest: Mario Nardone, CFA, Founding Partner of East Bay Investment Solutions, which offers outsourced chief investment officer (OCIO) solutions for planning and relationship-focused financial advisors.

In a Nutshell: The human side of financial planning is, increasingly, where financial planners are delivering the most value to clients. Building those relationships and helping people achieve their life goals can also be incredibly rewarding. But even an expert “people person” still has to deliver on the numbers side as well. Outsourcing your investment management can be one way for advisors to spend more of their time doing what they do best while also ensuring optimal outcomes for clients.

On today’s show, Mario Nardone explains what an OCIO is and how they work with advisory firms to enhance their investment offering while freeing up the advisors time for other high-value pursuits.


.Mario Nardone and I discuss:

  • Services that an OCIO typically delivers.
  • Decision points that might lead an advisory firm to hire an OCIO.
  • Questions to ask yourself to determine if an OCIO is the right solution for your firm.
  • Is the industry’s pendulum swinging towards alternative investments?
  • OCIOs versus Turnkey Asset Management Platforms (TAMPs).
  • How OCIO services enhance advisory firms’ focus on financial planning while ensuring sophisticated investment management.
  • The process and criteria for selecting an OCIO partner, highlighting the importance of philosophical alignment and the depth of services offered.
  • Potential cost savings of an OCIO compared to hiring an in-house CIO for growing RIAs.

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