Category Archives: Financial Leader

Timothy Armour Goes Up Against Warren Buffet

Tim Armour, who is the chief executive officer of Capital Group, believes that Warren Buffet is wrong when it comes to his investment advice. Warren Buffet has confidence that investment firms are useless and has more confidence with his investment in an S&P 500 passive index fund.

It is true that there are over hyped mediocre investment funds, but most reputable companies are superior to a passive investment. It is also correct that expensive mutual funds no longer perform well due to the high management fees.

It should be considered that passive funds are very volatile since there is a lack of active short term management. This sort of investing can be seen more like long term gambling. Whether it is active or passive, a fund needs to be able to have a long term profit.

Read more: Capital Group Names Armour Chairman to Succeed James Rothenberg

Mr. Warren Buffett still relies on outdated information to knock actively managed funds. He says that 40-year long-term passive funds would have made way more than active funds, but the market has completely changed since 40 years ago.

In order for investors to make a great return according to Tim Armour, they must learn how to look for a good manager. They need to look for funds that have a high manager ownership to assure the integrity of the managed fund. They must also seek out low management fees since many funds have become out of control.

Timothy D. Armour is an investment professional that has the decade of experience in investing. All of his experience has been with executive positions within Capital Group. He currently resides in Los Angeles.

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David Giertz on Social Security Investments

David Giertz explains that advisers must discuss Social Security with their clients.A survey on of retired people and people ten years from retirement through the Nationwide Financial Retirement Institute found that most people reported their advisers don’t speak to them about Social Security. The survey also found most people reporting that they would switch advisers if they did not thoroughly discuss Social Security plans with them.

Giertz explains why some advisers might avoid the topic. He says there are over 2,700 rules in the Social Security handbook, and that it’s all very complex unless you have a lot of experience with that specific topic on Facebook. He also states that people who start using Social Security too early can lose out on as much as $300,000 over twenty-five years, being a loss of $12,000 a year, which would of course come to a $1,000 loss a month.

David Giertz is a financial adviser with over thirty years of solid experience. Mr. Giertz understands and teaches other people the best way to utilize their Social Security, and teaches them how to form an efficient retirement plan. He attended the University of Miami School of Business to obtain his Master of Business Administration degree. He obtained his Bachelor of Science degree from Millikin University in Illinois. He now serves on the Board of Trustees with Millikin University.

Mr. David Giertz has been the Senior Vice President at Nationwide Financial Distribution and sales since April 2013. David also serves in various other offices at Nationwide, such as Vice President of sales. Giertz is responsible for creating the strategy of wholesale distribution of private retirement plans. He also formed similar plans for life insurance.

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