Wealth Management

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About this Episode

Today we are honored to host Matt Maciel on the show. Matt, a former US Navy Veteran is the founder of Maciel Wealth Management a fiduciary, independent and veteran-owned financial planning firm. His firm is blazing a new trail by helping veterans gain better access to technology and customized financial strategies. Please download and listen to this episode to learn more about Matt.

Key Points of Discussion

• Maciel’s life story
• Navy reservist
• Business Idea
• Understanding fiduciary and non-fiduciary
• Reality of mutual funds
• Earning as a financial advisor
• Advice for looking at a career as financial advisor

Key Milestones of this Episode

[00:51] Matt Maciel’s life story

[02:19] Life as Navy Reservist

[03:57] Transition into the business

[06:19] Fiduciary

[09:58] Mutual Funds

[18:45] Thrift Saving Plans

[23:10] Commissions as a financial advisor

[27:55] Advice for looking career as financial advisor

Key Quotes

1. “You have to act in your client’s best interest.”
2. “I have some software that can help predict things. So I talked to people if they want to retire at 62, the software based on the amount of savings, Social Security, based on pensions and things like that, might say we only have a 50% chance of having a successful retirement.”
3. “I definitely consider myself very fortunate to start a business, something I love and I’m passionate about.”
4. “I’m passionate about it, I enjoy helping people but it would be very tough for me to go back and work for someone in a different capacity.”

About Our Guest  

Matt Maciel is the owner of Maciel Wealth Management a fiduciary, independent and veteran-owned financial planning firm. His firm is blazing a new trail by helping veterans gain better access to technology and customized financial strategies. Three years ago he co-founded the Greater Kansas City Veterans Career Fair to help retiring service members and service members returning from deployment find employment and help veterans find better employment opportunities. The career fair has generated nearly $50,000 for veteran related nonprofits.

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About Our Sponsors

Navy Federal Credit Union~at Navy Federal Credit Union, we want you to know that we have your back.  We’ve all faced tough challenges individually. But right now, we’re facing some together.  And the safety of our members, employees, and community is our first priority.

We know our members will face these times head-on.  Still, at Navy Federal Credit Union, we want you to know that we have your back.  Because uncertain times call for reliable service. No matter what, we remain committed to serving all of our members, all of the time.  That means, our branches will remain open as long as possible. You can also get in touch with our world-class, member service. Whether you’re on ship or ashore, at home or abroad.  We’ve had our members’ backs for 87 years. In good times and bad.

Maybe that’s why we’ve been named one of the best Military Credit Unions by

U.S. News and World Report.  Serving active duty, veterans, and their families.

Navy Federal Credit Union. Our Members Are The Mission.  Insured by NCUA.

American Express is a registered service mark of American Express, used by Navy Federal under license.

Visit navyfederal.org/veteranmove for more information.

AMVETS ~ FOR THE 33rd CONSECUTIVE YEAR, a massive motorcycle run will take place in the nation’s capital over Memorial Day Weekend to raise awareness of the plight of U.S. prisoners of war and the 82,000 service members still missing in action. The ride will be known as ‘Rolling To Remember.’ The 2020 ride will also address the national suicide epidemic taking the lives of more than 20 military veterans a day. In close partnership with several other patriotic organizations, AMVETS is organizing what is expected to be the nation’s largest political demonstration of 2020 and the world’s largest one-day motorcycle event.

AMVETS invites you to join us in ensuring that our elected leaders never forget the sacrifices made by those who have taken an oath to defend this nation. The event is free to the public, but sign up to ride, volunteer, or donate by going to rollingtoremember.com. Once again, that’s rollingtoremember.com.

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