Nov 20, 2020

NGPF Podcast: Bob Swift gives back by teaching the next generation about money management

As founder of a wealth management firm, Bob Swift noticed that many of his clients asked him to also educate their children about money. That led he and his wife to start a foundation and a program specifically designed to work with clients who lacked access to high quality advisory services. It's an inspiring story and one that demonstrates commitment, passion and impact. Enjoy! 

Details:

  • 0:00~1:40 Introduction
  • 1:40~5:01 Background in investing 
  • 5:01~8:06 What is a fiduciary?
  • 8:06~10:20 Impact on young people 
  • 10:20~12:17 Most important messages for young people
  • 12:17~17:47 On 3rd Decade
  • 17:47~18:58 Takeaways from the 3rd Decade program
  • 18:58~19:20 A word from NGPF
  • 19:20~21:50 A memorable story
  • 21:50~24:16 Diversity and inclusion in finance
  • 24:16~26:17 Adapting to the COVID-19 environment
  • 26:17~28:13 On scaling the program
  • 28:13~29:25 Conclusion

Resources:

Quotes:

  • “I would sit down with any young person and I’d just love it. The impact I can have with a 25-year old was far more than any hour I spent with someone with 10 million dollars. The bulk of my time, as you would guess, in the wealth management world is with already-wealthy people but I found I had a real love for trying to figure out ‘how can I reach more of these young people?’”

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About the Authors

Ren Makino

Ren started interning at NGPF in 2014, and worked part-time through high school and college. With his knowledge growing alongside NGPF, he joined the team to work full-time after graduating from college in 2020. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.

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Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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