Chris Stallings, Wealth Advisor at Abundance, LLC. Securities are offered through Kestra Investment Services, LLC. Member FINRA, SIPC. Investment advisory services are offered through Kestra Advisory Services, LLC.
In this episode we discuss with Chris:
- 911 Story
- Being a wealth advisor in a crisis
- How to start investing
- Investing when you don’t like numbers
- Role of a Financial Wealth Advisor
- Dangers of Investing & Gamification of Trading Platforms
- The vision of the future
Links to topics/articles discussed:
Conspiracy Theories that were True
Monday Facebook Live Show with David Pavlik
About Chris Stallings
Chris Stallings has been a wealth advisor for 20 years. He graduated from a top business school in 2000 with a degree in finance. Soon after, he began his advanced training with Morgan Stanley in the World Trade Center. Chris co-founded his first wealth management firm in 2003. Five years later, he started his current firm, Abundance. Chris, his wife Melissa, and their two daughters live outside of Atlanta. Chris is devoted to helping people build the legacy they’ve always dreamed about.
The opinions expressed reflect the judgment of the speaker as of the original date of transmission and are subject to change without notice. The material has been prepared for or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results. Additional information is available upon request.
Chris Stallings is a financial advisor with Abundance, LLC and for more information the web address is www.findabundance.com. Securities offered through Kestra Investment Services, LLC. Member FINRA, SIPC. Investment advisory services offered through Kestra Advisory Services, LLC.
Fixed Income investing (“bonds”) involves credit risk, or the risk of potential loss due to an issuer’s inability to meet contractual debt obligations, and interest rate risk, or potential for fluctuations in an investment’s value due to interest rate changes. Bond prices and interest rates move inversely as interest rates rise, bond prices fall and as interest rates fall, bond prices rise. Small/Micro Cap stocks may involve risks not associated with investing in more established companies. These stocks may be more volatile as they may be less liquid or more sensitive to macroeconomic factors. International investing has certain risks not associated with investing solely in the U.S. These risks include fluctuations in the value of the U.S. dollar relative to other currencies, custody arrangements made for foreign holdings, political risks, differences in accounting and the amount of information disclosed by non-U.S. exchange-listed companies. Emerging market investing involves greater risks, including unfavorable currency exchange rates, political and economic upheaval, lack of transparency, poor liquidity, and differences in accounting standards. Commodity-linked derivative instruments may be more volatile than traditional securities and may not be suitable for all investors. Please note that there are special risks investing in alternative investments such as lack of liquidity and potential adverse economic and regulatory changes. For this reason, there are minimal suitability standards that must be met. The price at redemption may be more or less than the original price paid.
Asset allocation and/or diversification does not assure a profit or protect against a loss in declining markets.
Indices like the Standard and Poor’s 500, Dow Jones industrial average, or Nasdaq composite are hypothetical portfolios of investment holdings which represent a segment of the financial market. It is not possible to invest directly into an index.
All information provided through Abundance, LLC is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security or insurance product; or an endorsement of any third party or such third party’s views. Third-party information is taken from sources we believe to be reliable, but we do not guarantee its accuracy. Whenever there are hyperlinks to third-party content, this information is intended to provide additional perspective and should not be construed as an endorsement of any services, products, guidance, individuals or points of view outside of Abundance, LLC. All examples are hypothetical and for illustrative purposes only. Please contact us for more complete information based on your personal circumstances and to obtain personal individual investment advice.
The general concepts of truthfulness, good taste, and a fair presentation apply to anyone engaging in a public appearance, whether the presentation is scripted or consists of unrehearsed remarks in response to a question. Overall, the following should be considered for both scripted and unscripted public appearances:
- No specific recommendations of securities are allowed.
- Kestra Investment Services, LLC must be clearly disclosed in conjunction with any securities or services offered.
- The speaker cannot assume a specific level of audience knowledge, experience or suitability, and, therefore, the material should be clear, acronyms explained, and industry jargon minimized.
- Media presentations should be clear and understandable. Avoid overly complex messages and technical terminology, which may not be understood by the general audience.
- Include products only for which the speaker is licensed to sell the product.
- Provide a full and fair description of any security product types or services that you discuss, including material information such as risks or costs.
- Do not reference any specific future returns or projections of investment performance.
Additionally, FINRA 2210 “Communications with the Public” prohibits exaggerated, unwarranted or misleading statements or claims, including promises of specific future returns or projections of investment performance. Thus, a representative would be prohibited from giving assurances about the level of return one could expect from an investment in a particular stock or security.
Member firms and associated individuals have limited control over the audience for radio or television broadcasts or even online chat rooms. In preparing and supervising these mass media appearances, financial advisors must limit their messages to those appropriate for broad, general audiences. One cannot assume a specific level of audience knowledge, experience, or suitability. For example, high-risk securities may not be appropriate for discussion in a broadcast format in which any listener or viewer may tune in at any time.
Similarly, it is generally inappropriate to discuss securities subject to prospectus delivery in the mass media, as the SEC strictly limits what can be said about these products prior to delivery of the prospectuses. Overly complex messages can also create problems. For example, a chart presented in a 30-second television commercial simultaneously with graphics, narration, and music may actually obscure rather than illustrate a particular point. The viewer may be unable to absorb the meaning of the chart unless the presentation is simplified. In this case, the member could omit the chart and/or modify the narration to describe and explain the chart.
Disclosure in any type of media must be clear and understandable, and in mass media, this requirement is critical.
Fine‑print disclaimers are inappropriate for television, as they cannot appear on-screen long enough to be read; similarly, radio disclosures must be articulated slowly enough for the listener to understand.
Technical terminology or jargon may also mislead or fail to enhance the understanding of the product. While a financial professional may understand that the phrase “subject to market fluctuation” means the investment can lose money, a first‑time investor may not.
None of the content may be misleading or promissory. All statements, including the risks and the benefits of all topics discussed, should be fair and balanced.
Discussions of registered products such as variable annuities, exchange-traded funds, and mutual funds should be generic and not involve specific recommendations. General comments on industries, sectors, or asset classes rather than on specific securities are appropriate.
Avoid predictions or projections, even with respect to market commentary, unless such statements are qualified with the appropriate disclaimers such as “if unemployment numbers keep increasing, it will be hard for CPI to recover” or “in my opinion, the financial services sector has a long way to go before bouncing back.”
Forward-looking statements should be avoided whenever possible. Use the past tense in market comments (e.g., “following continued bad news, stocks fell last month”).