economy Archives - Business RadioX ®

PHELAN & MYERS 2 FOR 20: Interest Rates, Lending, and the Current State of the Economy with Janney Director of Research Chris Marinac

August 23, 2024 by Mike

Gwinnett Business Radio

PHELAN & MYERS 2 FOR 20: Interest Rates, Lending, and the Current State of the Economy with Janney Director of Research Chris Marinac

00:00 /

Kevin Myers, Chris Marinac, Scott Phelan

Hosts Scott Phelan and Kevin Myers discuss interest rates, lending, and the current state of the economy with Chris Marinac, Director of Equity Research for Janney Montgomery Scott LLC.

No matter where you are in life – just starting out, in your peak earning years, nearing retirement, or contemplating your legacy – Phelan and Myers Wealth Management Group of Janney Montgomery Scott is here for you. When you work with them, it’s about going beyond investing. It’s about connecting your life and your finances.

They take a comprehensive and customized approach to your finances, by understanding your needs and goals and aligning your investment strategies to help meet those goals. Their depth of knowledge and experience, combined with their firm’s capabilities and resources, enables them to provide high quality service, while offering advice and executing financial solutions for every stage of life.

No needs are more important than your own. They pride themselves in making your needs and goals, their own. They don’t simply work for you. They work with you to understand who you are as an individual and as an investor.

Their mission is to help you to define your financial objectives, and then use that knowledge to develop — together — a plan that is tailored to fit your unique needs and preferences, and is in your best interest. They’re proud to offer comprehensive financial planning resources, providing you access to education, advice, planning, and consultation.

Chris Marinac
Director of Research/Janney Montgomery Scott

As Director of Research at Janney Montgomery Scott, Chris Marinac oversees the firm’s Equity Research team, which covers more than 225 companies within the Financials, Healthcare, Infrastructure, and Real Estate sectors. The team aims to provide first class research on companies and the industry at large—which means staying ahead of the curve, understanding investors, and considering how events today will affect the future.

Chris has more than 27 years of financial services and research analysis experience. Prior to joining Janney in 2019, he was Co-Founder and Director of Research at FIG Partners LLC, a premier investment banking and research firm specializing in community banks. At FIG, he established and managed an award-winning Equity Research team that covered more than 150 banks, thrifts, and REITs. Earlier in his career, he spent six years as Managing Director at SunTrust Robinson Humphrey and five years as a Research Analyst at Wachovia Corporation (formerly Interstate/Johnson Lane Inc.).

He has served as a financial expert and resource to global and national media outlets including American Banker, Bloomberg, CNBC, Financial Times, FOX Business, and the Wall Street Journal.

Chris graduated from Kent State University with a Bachelor of Science in Accounting and Finance. He is actively involved with Atlanta Ronald McDonald House Charities Inc., where he is serving his fourth, three-year term as a board member.

Scott Phelan, CFP®
Executive Vice President/Wealth Management, Financial Advisor

Scott Phelan has over 20 years of financial advising and planning experience. As Executive Vice President/Wealth Management, Financial Advisor, his focus is helping build wealth for high net worth individuals and corporate clients. His core competencies include estate, retirement, insurance and income tax planning strategies. Scott has a long and distinguished career in the financial services industry having held leadership positions at Edward Jones, The Hartford, and New England Financial. Most recently, he was a Senior Vice President, Wealth Management, Financial Advisor/Senior Portfolio Management Director at Morgan Stanley. Scott began his career at the New England Financial Group where he developed and implemented employee 401(k) programs.

Phone: 678.448.4841
sphelan@janney.com

Kevin Myers, CFP®
Vice President/Wealth Management, Financial Advisor

Kevin’s philosophy is simple; he worries about your finances so you don’t have to. As a Certified Financial PlannerTM (CFP®) Professional, Kevin helps clients develop and implement a comprehensive financial plan that is tailored to your needs. Kevin specializes in portfolio management, ensuring that each of his clients’ unique needs are being taken into account. Kevin has over 10 years of experience in the financial services industry and previously served as a consultant. He attended the University of Georgia where he earned his Bachelor of Science in Personal Financial Planning.

Phone: 678.448.4842
kmyers@janney.com

What’s Standing in the Way of Your Business Exit?, with Bill McDermott, Host of ProfitSense

October 31, 2023 by John Ray

North Fulton Studio

What’s Standing in the Way of Your Business Exit?, with Bill McDermott, Host of ProfitSense

00:00 /

What’s Standing in the Way of Your Business Exit?, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill McDermott laid out several factors that can influence how and when a business owner exits.

Bill’s commentary was taken from this episode of ProfitSense.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Bill McDermott: I want to take a moment right now and ask my business owner audience the question, What’s standing in the way of your business exit? Recent surveys show that 80 percent of business owners will exit their business in the next ten years, yet only 25 percent have created any sort of plans in writing for a successful outcome.

I’m working with quite a few firms that are considering an exit. One situation includes a majority owner who has several partners and maybe discovering those partners don’t think like business owners and may just prefer to remain employees. Another owner is a very successful business. He’s a baby boomer and is ready to retire, but is having a hard time removing himself from day-to-day operations.

So, what are some things that could be standing in the way of our exit? First, the economy. In a recession, the value of a business may decline making it more difficult to sell. Also, if the economy is weak, it may be more difficult to find a buyer. Industry trends. If the industry is declining, the value of a business in that industry may decline. If the industry is changing, it may be difficult to find a buyer who is willing to take on the challenges of a changing industry. Third thing is taxes. This is one component that’s very complex. In almost every case, selling a business for a gain will trigger either capital gains or ordinary income tax.

So, what can we do as owners? Time the sale of our business carefully, plan carefully, and seek advice from your professional advisors, and know that alternatives such as merging with another company also exists. With careful planning and execution, it is possible to sell a business at a fair price, even in challenging economic or industry conditions.

About ProfitSense and Your Host, Bill McDermott

ProfitSense with Bill McDermott dives into the stories behind some of Atlanta’s successful businesses and owners and the professionals that advise them. This show helps local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession. The show is presented by McDermott Financial Solutions. McDermott Financial helps business owners improve cash flow and profitability, find financing, break through barriers to expansion, and financially prepare to exit their business. The show archive can be found at profitsenseradio.com.

Bill McDermott is the Founder and CEO of McDermott Financial Solutions. When business owners want to increase their profitability, they don’t have the expertise to know where to start or what to do. Bill leverages his knowledge and relationships from 32 years as a banker to identify the hurdles getting in the way and create a plan to deliver profitability they never thought possible.

Bill currently serves as Treasurer for the Atlanta Executive Forum and has held previous positions as a board member for the Kennesaw State University Entrepreneurship Center and Gwinnett Habitat for Humanity and Treasurer for CEO NetWeavers. Bill is a graduate of Wake Forest University and he and his wife, Martha have called Atlanta home for over 40 years. Outside of work, Bill enjoys golf, traveling, and gardening.

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn.

Red Light Bank Words to Watch Out For, with Bill McDermott, Host of ProfitSense

January 3, 2023 by John Ray

North Fulton Studio

Red Light Bank Words to Watch Out For, with Bill McDermott, Host of ProfitSense

00:00 /

Red Light Bank Words to Watch Out For, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill talks about red light words that banks use like covenant violation, covenant default, demand payment, and forbearance agreement. He also suggests looking back at your bank’s commitment letter to see if you have a cash flow covenant.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Bill’s commentary was taken from this episode of ProfitSense.

About ProfitSense and Your Host, Bill McDermott

ProfitSense with Bill McDermott dives into the stories behind some of Atlanta’s successful businesses and owners and the professionals that advise them. This show helps local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession. The show is presented by McDermott Financial Solutions. McDermott Financial helps business owners improve cash flow and profitability, find financing, break through barriers to expansion and financially prepare to exit their business. The show archive can be found at profitsenseradio.com.

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn.

How Businesses Can Prepare for a Recession, with Bill McDermott, Host of ProfitSense

November 28, 2022 by John Ray

North Fulton Studio

How Businesses Can Prepare for a Recession, with Bill McDermott, Host of ProfitSense

00:00 /

How Businesses Can Prepare for a Recession, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill lays out several ways businesses can prepare for a recession, one being to create a financial scorecard.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Bill’s commentary was taken from this episode of ProfitSense.

About ProfitSense and Your Host, Bill McDermott

ProfitSense with Bill McDermott dives into the stories behind some of Atlanta’s successful businesses and owners and the professionals that advise them. This show helps local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession. The show is presented by McDermott Financial Solutions. McDermott Financial helps business owners improve cash flow and profitability, find financing, break through barriers to expansion and financially prepare to exit their business. The show archive can be found at profitsenseradio.com.

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn.

Ending the Housing Shortage with Home Arizona E8

July 19, 2022 by Karen

E8-Ending-the-Housing-Shortage-with-Home-Arizona-feature

Phoenix Business Radio

Ending the Housing Shortage with Home Arizona E8

00:00 /

Ending the Housing Shortage with Home Arizona E8

“We can’t grow and keep things the same at the same time” –Nico Howard

The greater Phoenix area is currently experiencing the greatest migration ever seen. This is a critically serious issue affecting people across all income levels. How can business and civic leaders come together to support the creation of more affordable housing for the workforce?

That’s why Home Arizona was born. Nico Howard (Founder & Chairman of Planning & Zoning Commission, City of Phoenix) and Elliot Pollack (Chief Strategist & CEO of Elliott D. Pollack and Company, an economic and real estate consulting firm in Scottsdale, Arizona est in 1987) join Carla to discuss the ins and outs of getting involved at local levels to affect positive change. The reality is that Phoenix will continue to grow and we can all get involved in how our communities look in the future.

Shocked by the 50% rise in home prices over the last 7 months? Listen in as Carla gets down to the nitty gritty of how we can all come together to help shape the futures of our local communities and help create housing for all with Nico Howard & Elliot Pollack of Home Arizona.

Home Arizona is a pro-housing advocacy group lead by Arizona’s top economists, business leaders, policy experts and developers who are encouraging policymakers to understand the housing shortage and potential remedies before it becomes a major economic-development problem.

Unlike other business or housing trade associations, Home Arizona focuses exclusively on housing supply’s role in economic development, corporate relocation, job creation and quality of life.

It has commissioned an economic impact assessment from Elliott D. Pollack and Company and has engaged with Arizona’s top employers to weigh in on the importance of quality housing to sustaining economic success.

Nico Howard is an investor and real estate developer specializing in land investment and multifamily development in Phoenix, Arizona.

He is the Chairman of the Planning and Zoning Commission for the City of Phoenix, the Vice-Chairman of Central Arizona Shelter Services (the largest emergency shelter provider in the State of Arizona), and a co-founder of Home Arizona.

In addition to his many philanthropic contributions, Nico is very involved in municipal politics, and has been involved in over 15 municipal campaigns over the last 5 years.

Elliott Pollack is CEO of Elliott D. Pollack and Company, an economic and real estate consulting firm in Scottsdale, Arizona established in 1987. Mr. Pollack is widely sought after as a speaker for economic, policy, fiscal and economic impact, and real estate issues.

Through affiliate companies, Mr. Pollack has syndicated, master planned and brought to development numerous properties in Arizona. He is recognized for his expertise in both national and local real estate trends.

Elliott Pollack is one of the leaders of Home Arizona and serves as chief strategist for the group.

About the Show

Smashing Through Walls is geared toward a guide through complex commercial real estate and finance topics while adding humor and anecdotes along the way. Discover what is going on in the valley and beyond with host Carla Magee, broker at MHG Commercial.

About Our Host

Carla Magee’s background is designed with the investor in mind. After obtaining her finance degree from the University of Washington in Seattle, she worked for large corporations like Boeing and Microsoft. With a critical eye and flair for analytics, she was able to shave millions in lost profits, managing cross-functional teams by utilizing her Green Belt in Six Sigma and Masters Certification in Project Management.

Ultimately she realized that she couldn’t be contained in an office environment working for the corporate world. Being an investor herself, she came into real estate as an investment & multifamily property specialist, effectively applying her education & skillset. Carla excels in helping investors make sound decisions for their financial goals, in real estate negotiations, and takes deep pride in educating homebuyers and sellers.

On a personal note, Carla is a busy wife & mother to two daughters. In addition to an ever growing career and podcast, she also enjoys volunteering and being active in the community. She has a deep love for Arizona and although she travels whenever possible, she always finds her way back to the beautiful Sonoran Desert.

Connect with Carla on LinkedIn.

About Our Sponsor

MHG Commercial emerged from the highly successful and innovative residential brokerage: My Home Group. MHG Commercial’s vetted and experienced advisors have a wide range of complementary professional expertise that span over 100 years of cumulative experience.

Encompassing every aspect of commercial real estate from office to industrial development, raw land to luxury commercial, and multifamily to subdivision development. We excel at out of the box thinking and transactions that require a more hands-on approach and ingenuity.

No matter the property type or service need, our commercial advisors are committed to your objectives. Combined with business finesse and unsurpassed market intelligence, MHG Commercial brokers help you determine and surpass your business goals.

Follow MHG Commercial on Facebook and Instagram.

2022 North Fulton Economic Outlook with Ian Wyatt, Principal Economist, Metro Atlanta Chamber of Commerce

January 28, 2022 by John Ray

North Fulton Studio

2022 North Fulton Economic Outlook with Ian Wyatt, Principal Economist, Metro Atlanta Chamber of Commerce

00:00 /

2022 North Fulton Economic Outlook with Ian Wyatt, Principal Economist, Metro Atlanta Chamber of Commerce (GNFCC 400 Insider, Episode 71)

Ian Wyatt, Principal Economist with the Metro Atlanta Chamber, joined host Kali Boatright to cover the North Fulton economic outlook for 2022. Ian discussed the strength of North Fulton schools, inflation, housing affordability, how childcare costs affect the labor market, job growth and unemployment and much more. The GNFCC 400 Insider is presented by the Greater North Fulton Chamber of Commerce and produced by the North Fulton studio of Business RadioX®

The Metro Atlanta Chamber

The Metro Atlanta Chamber (MAC) is a 160-year-old organization that today represents businesses, colleges and universities, and nonprofits across the 29-county region that makes up the nation’s ninth-largest market.

MAC works to position metro Atlanta as a top-tier global region by focusing on three key areas: economic development, public policy and promotion. Its efforts build on the qualities that make Atlanta one of the nation’s most unique metros — its neighborhoods, culture, quality of life, welcoming business community and more. MAC’s economic development efforts focus on recruiting new companies to the region and retaining and growing the innovative businesses that already call the area home. In addition, MAC convenes thought leaders in supply chain, IoT, bioscience, global commerce, technology, innovation and entrepreneurship — the region’s key ecosystems.

Company website

Ian Wyatt, Vice President, Principal Economist, Metro Atlanta Chamber

Ian Wyatt is a Senior Economist with extensive experience and expertise in commercial portfolio strategy, industry analytics, macroeconomic forecasting, competitive intelligence, and risk management.

Ian currently serves as the Vice President, Principal Economist at the Metro Atlanta Chamber. In his previous role, Ian served as the Vice President/Economist, Analytics and Information Strategy, Wholesale Credit for the Bank of America.

Ian also served as Vice President/Economist, Pricing Strategy and Business Analytics, Wholesale Credit with Bank of America where he led a team that produced detailed analysis of loan yields at competitors to improve margins on $400B commercial loan portfolio. He also held the positions of Vice President/Economist, Industry Risk Group and Vice President/Economist, Industry and Country Risk Group.

Prior to joining the Bank of America, Ian served as a Senior Economist with the Bureau of Labor Statistics, where he was responsible for developing and evaluating forecasts of major macroeconomic variables, including GDP, inflation, employment, balance of trade, and monetary policy. These forecasts formed the basis of official U.S. government economic forecasts.

Ian began his career as an Economist, Occupational Outlook and Occupational Employment Statistics Division with the Bureau of Labor Statistics, where he co-developed new statistical metrics and methods in response to customer requests for information on the employment outlook for college graduates.

LinkedIn | Twitter

About GNFCC and The GNFCC 400 Insider

The GNFCC 400 Insider is presented by the Greater North Fulton Chamber of Commerce (GNFCC) and is hosted by Kali Boatright, President and CEO of GNFCC. The Greater North Fulton Chamber of Commerce is a private, non-profit, member-driven organization comprised of over 1400 business enterprises, civic organizations, educational institutions, and individuals. Their service area includes Alpharetta, Johns Creek, Milton, Mountain Park, Roswell and Sandy Springs. GNFCC is the leading voice on economic development, business growth and quality of life issues in North Fulton County.

The GNFCC promotes the interests of our members by assuming a leadership role in making North Fulton an excellent place to work, live, play and stay. They provide one voice for all local businesses to influence decision-makers, recommend legislation, and protect the valuable resources that make North Fulton a popular place to live.

For more information on GNFCC and its North Fulton County service area, follow this link or call (770) 993-8806. For more information on GNFCC events, follow this link.

For the complete show archive of GNFCC 400 Insider, go to GNFCC400Insider.com. The GNFCC 400 Insider is produced by John Ray and the North Fulton studio of Business RadioX®.

OPEN FOR BUSINESS: Lauren Chaney and Ashlyn DiNardo from Birch Communications, Michael McClellan from Designs in Motion, and Courtney Spencer from the Gwinnett Chamber of Commerce

February 26, 2016 by Mike

Gwinnett Studio

OPEN FOR BUSINESS: Lauren Chaney and Ashlyn DiNardo from Birch Communications, Michael McClellan from Designs in Motion, and Courtney Spencer from the Gwinnett Chamber of Commerce

00:00 /

Johnny Phelps, Courtney Spencer, Michael McClellan, Lauren Chaney, Ashlyn DiNardo

Lauren Chaney and Ashlyn DiNardo/Birch Communications

Birch Communications is a leading technology service provider to small, mid-sized, enterprise and wholesale businesses. They meet the needs of business customers that are under-served by other providers by offering a diverse portfolio of integrated technology solutions coupled with a relentless focus on customer service. Their mission is to provide high-quality, reliable communications, broadband, cloud and IT services to business customers at the best possible value while giving each of their clients the personal attention they deserve.

Michael McClellan/Designs in Motion

Designs In Motion is a full-service creative design firm, specializing in the enhancement of your company’s external and internal communication tools. Whether it’s print media, a unique web presence, or helping to create that dynamic ad campaign, you can rest assured that they will make your business stand out from your competitors. Their expertise in the creative arena has enabled their clients to achieve significant increases in visibility and brand awareness. Designs In Motion was founded in 1998 and is committed to offering excellent value to their customers through enhanced design solutions and outstanding customer service.

Courtney Spencer/Gwinnett Chamber of Commerce

The Gwinnett Chamber will be the forum for business, government, education, healthcare, arts/culture/entertainment, and philanthropic and public-service communities to come together to advance our region’s economy and enrich Gwinnett’s quality of life. The mission of the Gwinnett Chamber is to strengthen existing businesses, facilitate the growth of quality job opportunities, and enrich the community’s quality of life. The Gwinnett Chamber serves over 2,000 members throughout metro Atlanta by delivering pertinent and useful programs that strengthen and connect businesses locally, regionally, and globally. The Gwinnett Chamber uses its strategic marketing and communications capabilities to support its members, promote its programs, and enhance economic development efforts.

CLICK HERE to watch the video of this program on YouTube.

LET’S BRING BACK SMALL BUSINESS: Alfredo Ortiz and Elaine Lutz with Job Creators Network

January 27, 2016 by Mike

On the Money

LET'S BRING BACK SMALL BUSINESS: Alfredo Ortiz and Elaine Lutz with Job Creators Network

00:00 /

On this episode of “On the Money“, host Joe Moss of Embassy National Bank interviews Alfredo Ortiz and Elaine Lutz of Job Creators Network, a nonpartisan organization founded by entrepreneurs who believe the best defense against bad government policy is a well-informed public.

Alfredo Ortiz & Elaine Lutz/Job Creators Network

Job Creators Network is a nonpartisan organization founded by entrepreneurs like Home Depot co-founder Bernie Marcus who believe the best defense against bad government policy is a well-informed public. JCN advances this mission through the Employer to Employee education program (E2E).

JCN’s nonpartisan E2E program is strictly focused on empowering individuals through basic public policy education. JCN strongly supports the right of every employee to empower themselves with as much public policy information as possible, and more importantly the right of every individual to think for themselves and make their own private decision regarding what to do with that information.

The JCN E2E program gives employers simple tools to talk to their employees about government policy. They break things down with easy to understand videos, blog posts, infographics and social media posts. All of it can be easily viewed at InformationStation.org.

To watch the video of this show, CLICK HERE.

—————————————————————————————————————

“On the Money” focuses on topics and issues allowing small businesses to better navigate the financial services minefield, with analysis and opinions from today’s industry experts on banking and loans. “On the Money” also introduces you to some of the top small business leaders in the Atlanta market.

Hosted by Joe Moss, the president of Embassy National Bank, “On the Money” airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.