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Designing your life in an unpredictable world
HH In The News | 09.30.2019
- News & Guidance
- Designing your life in an unpredictable world
Designing your life in an unpredictable world: Aquarium’s Aquatic Academy tackles longevity
It’s not the FOMO (Fear of Missing Out) you should be worried about, but the ROMO (Risk of Missing Out) you should be taking practical steps to avoid, according to Russ Hill of Halbert Hargrove, who partnered with the Aquarium of the Pacific on its upcoming Aquatic Academy, Longevity: Changing the Narrative.
“If you don’t think about the things that are important to you, you may look back when you’re 70, 80, maybe 90 and in relatively good health, and think, I could have done all these things… so why not think about it in advance?” said Hill.
ROMO is the risk of missing out on the potential 10 to 30 additional years of healthy life many of us have yet to consider; most of us frame our expectations based on our parents, but we’re going to live seven to nine years longer, at least, if new medical discoveries are true, Hill noted.
Would you go to school or borrow money the same way if you knew you could live to be over 100? Would you take a sabbatical at 25 instead of 65?
These are just a couple of the questions the speakers of this season’s Academy, the first of four sessions starting on Wednesday, Oct. 2, will discuss; designed to teach the secrets to living a fulfilling, and much less predictable life and, just as important, how to afford it.
“It’s clear that mostly people who are seniors think about it, but I think this is for everybody,” Hill said.
On Wednesday, Oct. 2 founding director of the Stanford Center for Longevity Laura L. Carstensen will introduce the concept and how worldwide factors such as aging societies will affect our futures right here at home; next up on Oct. 7 is Don Ezra, author of Retirement Life Two: How to Get to and Enjoy What Used to be Called Retirement, who will discuss how he came to understand his identity, relationships, and financial and social changes post “regular” work.
The third session on Oct. 17 will have President of Rest-of-Life Communications Steve Vernon talking about how to build a personal portfolio, as in all the not-so-lucrative aspects of life that make it worth living; and how will we pay for those extra years afforded to us through the advancement of medical technologies? He’ll cover that, too.
The last and final session on Oct. 24 will feature Bill Burnett behind the podium, co-author of Designing Your Life: How to Build a Well-Lived, Joyful Life. Audience members will be encouraged to find out what’s truly important to them, and then act upon these realizations to, well, design their lives to the fullest.
“I think most people have no idea the options they have,” said Hill. “You grow up, go through education, go to work, retire and then you die; that already is not true anymore. Most people who are coming out of high school or college will have many, many careers or jobs, it’s not lifetime anymore.”
If you think it’s interesting that an aquarium would tackle such a subject, know that the people over at the forward-thinking institution believe that when communities are well connected, healthy and productive, that’s when they have the energy to create positive changes for the environment. Way to think ahead, Aquarium of the Pacific… way, way ahead.
Last thing, if you have to miss a session, no problem, they’re not dependent on each other, said Hill. And afterward the Aquarium will pull together a report on all the information shared throughout the month.
Longevity: Changing the Narrative takes place Wednesday, Oct. 2, Thursday, Oct. 10, Thursday, Oct. 17 and Thursday, Oct. 24 from 7 to 9 p.m. It’s $40 for all four courses, $25 for Aquarium members. For more information and to RSVP, visit aquariumofpacific.org/aquaticacademy.
HH ranked No. 8 on the 2022 CNBC Financial Advisor 100 list
Last received October 2022 based on 12/31/2021 data.
CNBC enlisted data provider AccuPoint Solutions to assist with ranking.
The rating is not indicative of Halbert Hargrove Global Advisors future performance. Halbert Hargrove Global Advisors did not pay a fee to participate in the survey.
CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for this year’s FA 100 list.
The methodology consisted of first analyzing a variety of core data points from AccuPoint Solutions’ database of registered investment advisors. This analysis started with an initial list of 38,302 RIA firms. Through a process, the list was eventually cut to 749 RIAs, with those firms meeting CNBC’s proprietary criteria. (All the data collected from the RIAs was information culled from the firm’s filings with the Securities and Exchange Commission.)
CNBC staff sent an email survey to all those firms that met the initial criteria to gather more details. AccuPoint again applied CNBC’s proprietary weighted categories to further refine and rank the firms, ultimately creating the list of the top 100.
The primary data points used in the analysis were reviewed, either as a minimum baseline or within a range, eliminating those firms that did not meet CNBC’s requirements. Once the initial list was compiled, weightings were also applied accordingly. These data points included:
- Advisor’s compliance record
- Number of years in the business
- Number of employees
- Number of investment advisors registered with the firm
- The ratio of investment advisors to total number of employees
- Total assets under management
- Percentage of discretionary assets under management
- Total accounts under management
- Number of states where the RIA is registered
- Country of domicile