Episode 123: This week, Kyle Van Pelt talks with Tim Thomas, Chief Investment Officer and Wealth Manager at Badgley Phelps Wealth Managers. Tim joined Badgley Phelps in 2008 and brings more than two decades of experience in financial planning and portfolio management. He specialized in security analysis and selection, portfolio construction, asset allocation, and alternative investments.
Tim shares with Kyle about the mechanics of modern portfolio construction. He discusses why the financial plan must be the north star for investment strategy, how to navigate the noisy and rapidly democratizing world of alternative investments, and how AI is changing the backend of advisory work without replacing the human connection.
In this episode:
(00:00) - Intro
(01:33) - Tim's money moment
(02:57) - Marrying financial planning with investment strategy
(03:56) - How investing has changed over time
(06:18) - The rise in alternative investments
(09:55) - Understanding alts as more than one asset class
(16:24) - How Badgley Phelps helps clients navigate the nuances of alts
(18:27) - Managing M&A and the acquisition of Marshall & Sullivan