John Barry, a registered principal associated with JMB Wealth Management, is widely recognized among industry peers as one of the leading 401k Specialists in the country. JMB Wealth Management, Inc., located in Irvine, California, is a financial services firm specializing in personalized financial planning solutions.
In this article, John Barry’s background provides insights into his achievements and offers an overview of JMB Wealth Management. Additionally, we will explore the Investment Adviser Public Disclosure (IAPD) report and other pertinent information to provide a comprehensive understanding.
Who is John Barry?
John Barry, a registered principal associated with JMB Wealth Management, received recognition as the PLANSPONSOR Retirement Plan Adviser of the Year in 2008.
His extensive professional background includes experience in previous roles at USI Insurance Services, Dodge, Warren & Peters Insurance Services, Associated Securities Corp., and Merrill Lynch. John Barry earned a Bachelor of Science in Marketing from Saint John’s University – Peter J. Tobin College of Business, covering the period from 1983 to 1987.
With a diverse skill set encompassing areas such as Insurance, Strategic Planning, Employee Benefits, 401k, and Retirement, John Barry brings valuable insights to the industry. He is recognized for his expertise and contributions in these domains.
Having been a visionary in the retirement plan practice since 1995, Barry emphasizes a sustained focus on 401(k)s, identifying an underserved market. The service model at JMB Wealth Management has evolved to include quarterly investment analyses, compared to the annual reviews in 2008, and a commitment to fiduciary responsibilities.
Barry highlights the firm’s commitment to community involvement and volunteer work. He assures that they are available to assist anyone in need during the pandemic, maintaining an open line for questions and support.
Reflecting on navigating market volatility during the pandemic, Barry notes that, while clients seem calmer now, efforts were made to guide participants toward their long-term goals during the height of market uncertainty.
In offering advice to propel the industry forward, Barry emphasizes a straightforward principle: prioritize the best interests of the participant. He encourages a holistic approach that treats both plan sponsors and participants equally, underscoring the importance of considering all stakeholders for overall success.
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John Barry IAPD Report
The Investment Adviser Public Disclosure (IAPD) report for John Barry provides details on his employment history, professional qualifications, and any disciplinary actions.
Investors are strongly encouraged to use IAPD to research representatives before engaging in business with them.
It’s important to note that there is no disclosure reported against John Barry. This clean record enhances confidence in his professional standing, indicating an absence of any reported disciplinary actions or issues.
Overview of JMB Wealth Management, Inc.
JMB Wealth Management, Inc. is a financial services firm based in Irvine, California. Specializing in customized financial planning solutions, the company caters to small business owners, sales representatives, and independent contractors.
Their wealth management process is designed to align investments with individual life goals while mitigating unnecessary risks.
The range of services offered by JMB Financial Managers includes investment management and advice, comprehensive financial planning, tax planning and accounting services, estate planning, philanthropic planning, legal services, and retirement planning.
JMB Financial Services Group extends its expertise in wealth management, investment advice, retirement plans, and financial planning services.
Located in Irvine, California, the firm is dedicated to assisting clients in achieving their financial objectives through a personalized and comprehensive approach.
Services offered by JMB Financial Services
JMB Financial Services provides a diverse range of financial services tailored to meet the diverse needs of its clientele. The key services offered include:
Investment Banking:
JMB Financial Services excels in investment banking, offering strategic financial advisory services for businesses. This encompasses services such as mergers and acquisitions, capital raising, and financial restructuring. The company’s expertise in investment banking facilitates clients in making informed financial decisions to achieve their business goals.
Wealth and Asset Management:
Through its wealth and asset management services, JMB Financial Services assists individuals and institutions in managing and growing their financial portfolios. The company provides personalized investment strategies, financial planning, and ongoing portfolio management to optimize wealth accumulation and preservation.
Mortgage Lending:
JMB Financial Services is actively involved in mortgage lending, providing individuals and businesses with access to financing solutions for real estate transactions. The company’s mortgage lending services include competitive loan options, efficient processing, and expert guidance throughout the borrowing process.
Distressed Credit:
Specializing in distressed credit situations, JMB Financial Services offers solutions for businesses facing financial challenges. Whether through debt restructuring, refinancing, or other strategic measures, the company helps clients navigate distressed credit scenarios to achieve financial stability.
Brokerage Services:
JMB Financial Services provides brokerage services, enabling clients to buy and sell financial instruments in various markets. The company’s brokerage services encompass equities, bonds, and other investment products, facilitating seamless and efficient trading for its clientele.
Private Equity Services:
JMB Financial Services extends its expertise in private equity, supporting businesses in securing investment capital. The company’s private equity services include fund management, investment analysis, and strategic guidance, contributing to the growth and success of its client enterprises.
JMB Financial Services is committed to delivering comprehensive financial solutions and with a focus on tailored strategies and expert guidance, the company aims to meet the diverse financial needs of its clients.
Unfortunately, they do not offer IRA services in which investors can hold physical precious metals such as gold, silver, and platinum in their retirement investment portfolio.
Why Are Investors Diversifying Their Portfolio?
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
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Why you should invest in gold in 2024
Investing in gold can offer several advantages in 2024, particularly when it comes to retirement planning. One key benefit is that gold is often seen as a hedge against inflation.
Over time, gold has demonstrated the ability to retain its value and preserve spending power despite currency fluctuations. Given the current high inflation rates, experts suggest that increasing allocations to gold could be a wise move.
The Personal Consumer Expenditures (PCE) index, which measures Americans’ spending on goods and services, has been notably high, ranging from 6% to 7% in 2022—significantly above historical standards and the Federal Reserve’s target rate of 2%.
With expectations that the economy may not fully recover until 2025 or later, gold becomes an appealing investment option.
Diversification is another advantage of investing in gold. During economic downturns or recessions, the stock market and real estate assets may face challenges.
Gold, however, tends to be a reliable strategy for maintaining a diversified portfolio. This diversification helps reduce exposure to risky investments and minimizes the impact of potential losses.
Additionally, gold provides liquidity, a crucial factor during a recession. Liquidity refers to the ability to quickly sell assets for cash, which becomes essential in times of financial difficulty.
Gold stands out in this aspect, offering high liquidity compared to other assets like stocks, bonds, or real estate. Its ability to be easily converted into cash makes it a valuable investment during economic downturns.
The stability and value of gold, along with its liquidity, make it a compelling option for investors looking to navigate potential economic challenges in 2024 and beyond, especially in the context of retirement planning.
Conclusion
John Barry stands as a notable figure in the financial industry. With a focus on 401(k)s and a rich professional background, he brings valuable insights to the field.
JMB Wealth Management, Inc., provides tailored financial planning solutions for small business owners, sales representatives, and independent contractors.
The firm’s commitment to community involvement reflects its dedication to client support, especially during challenging times.
The Investment Adviser Public Disclosure (IAPD) report highlights John Barry’s clean professional record, fostering confidence in his industry standing.