The Financial Beast Podcast for Practice Owners

The Ugly Truth About Private Equity: What You MUST Know with Eric Miller & Eric Gersch

The Ugly Truth About Private Equity: What You MUST Know
Unlock the secrets of private equity and take back CONTROL of your financial future with this eye-opening episode!
Are you ready to maximize the value of your investments and build personal wealth?
Discover why private equity is not the "get-rich-quick" scheme some believe it to be. As your BFFF—Best Financial Friend Forever—Eric Miller, alongside expert Eric Gersch, I delve into the often-overlooked risks and realities of private equity investing. From gutting benefits to high-stakes business flipping, learn why this isn't a one-size-fits-all solution.
Your Financial Beast Training starts by understanding the true nature of private equity and how it compares to other asset classes. Gain the insights you need to become a Financial Beast and achieve financial freedom in a recession-prone world. Our expert discussion, backed by Econologics Institute, LLC, offers credible advice tailored specifically for healthcare practice owners.
Join us in expanding your business and securing your financial destiny!
Connect with us on social media and subscribe for more expert insights.
Together, let's empower you to transform your financial landscape!
CHAPTERS:00:00 - Intro01:38 - What is Private Equity07:13 - Funding Sources for Private Equity10:48 - Regulation of Private Equity Firms13:44 - Ideal Investors for Private Equity16:06 - Situations Where Private Equity is Beneficial16:51 - Analyzing Underlying Investments20:39 - Understanding Private Equity Returns24:45 - Final Thoughts on Private Equity Risks25:07 - How to Invest in Real Estate26:10 - Cautionary Advice on Private Equity27:13 - Outro_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Avoid the Financial TRAPS Derailing Doctors' Wealth with Eric Miller & Eric Gersch

Avoid the Financial TRAPS Derailing Doctors' Wealth
Unlock the secrets to avoiding the financial traps that often derail healthcare doctors' wealth.
Dive into this candid discussion with Eric Miller and Eric Gersch as they reveal how you can take back CONTROL of your financial destiny. Discover strategies to maximize the value of your hard-earned income and build personal wealth without falling prey to common pitfalls. From overspending on luxury cars and oversized homes to overproviding for children and investing in timeshares, learn how to steer clear of these traps and achieve true financial freedom.
Become a Financial Beast and start expanding your business with expert guidance tailored for healthcare practice owners. Our advice, grounded in years of experience, empowers you to make informed decisions that align with your professional and personal goals.
Ready to transform your financial future?
Take action today and secure a prosperous tomorrow for yourself and your family.
CHAPTERS:00:00 - Intro01:45 - Financial Traps for Healthcare Owners05:48 - Consumption Traps09:42 - Second Homes17:57 - Last Trap18:15 - Timeshares22:36 - Kid Trap24:30 - Financial Future Sacrifice for Kids25:40 - Overproviding for Your Kids27:27 - Seek Help and Support_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Don't Let Poor Planning Destroy Your Practice Profits! Hosted by Eric Miller with Guest, Eric Gersch

Don't Let Poor Planning Destroy Your Practice Profits!
Unlock the secrets to financial freedom and protect your practice profits with expert advice on strategic planning!
In this eye-opening episode of the Financial Beasts podcast, Eric Miller and Eric Gersch delve into the essential strategies for effective financial planning. Learn how to take back CONTROL of your finances, maximize the value of every dollar, and build personal wealth that stands resilient against any recession. Discover insider tips on allocating funds to ensure your practice not only survives but thrives, setting the stage for growth and expansion.
This isn’t just about keeping your doors open – it’s about transforming into a Financial Beast and achieving true financial freedom. As a practice owner, you face unique challenges, but with guidance from Econologics Institute, LLC, and Econologics Financial Advisors, you're equipped with the tools to conquer them.
Don't let poor planning destroy your profits – take action now!
CHAPTERS:00:00 - Intro01:48 - Stock Market Trends03:35 - Effective Financial Planning09:52 - Allocating Money Wisely12:09 - Occupancy Expenses Breakdown14:41 - Divisional and Overhead Expenses19:07 - Understanding Profit and Margin19:25 - Wealth Storage Account Essentials19:41 - Tax Account Considerations23:02 - Business Expansion and Development Funds25:40 - Innovative Business Practices27:30 - Achieving a 20% Profit Margin29:30 - Monitoring Your P&L Regularly30:10 - Creating a Money Management System_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

The Hidden Cost of Ignoring Advisor Fees! Hosted by Eric Miller with Guest, Eric Gersch

The Hidden Cost of Ignoring Advisor Fees!
Are you maximizing the value your financial advisor brings, or are fees eating away at your potential?
Unlock the secrets to financial freedom and take back CONTROL of your wealth with our latest discussion!
Join your BFFF, Best Financial Friend Forever, Eric Miller, and Eric Gersch in this empowering Financial Beast podcast episode as they unravel the complexities of compensation models for financial advisors and spotlight the fee-based approach that empowers practice owners to expand their business and personal wealth.
Discover how our unique financial training model at Econologics Institute, LLC, affiliated with Econologics Financial Advisors, offers a holistic approach—combining planning fees, asset management fees, and commissions—to help you build personal wealth. This is your chance to become a Financial Beast and transform confusion into clarity.
Don't let recession fears hold you back. Embrace the education and action that lead to true financial control!
#FinancialAdvisorCommissions #AdvisorFeeStructures #FinancialIndustryConfusion #WealthManagementCosts #FeeBasedAdvisor
CHAPTERS:00:00 - Intro01:49 - Compensation Models for Financial Advisors03:55 - Commission-Based Advisor Payments05:58 - Fee-Only Advisor Payment Structure10:22 - Value of 1% Asset Management Fee14:45 - Fee-Based Advisor Overview21:22 - Our Business Model Explained24:30 - Client Services and Benefits25:17 - Financial Advisor Cost Breakdown26:50 - Rate of Return with Financial Advisors28:33 - Sources of Investment Returns30:24 - Financial Advisor Impact on Net Worth32:06 - Importance of Value Over Fees_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Don't Panic! How to Manage Market Downturns Like a Pro Hosted by Eric Miller with Guest, Eric Gersch

Don't Panic! How to Manage Market Downturns Like a Pro
Welcome back to the Financial Beast podcast!
In this episode, Eric Miller and Eric Gersch dive deep into the recent market meltdown and share expert advice on how to navigate these turbulent times like a pro. If you're a healthcare practice owner or an associate, this episode is a MUST-WATCH to take back CONTROL of your financial future and maximize the value of your investments.
They emphasize the importance of having a well-diversified portfolio and advise against making impulsive decisions based on short-term market movements. Keep your focus on long-term goals and avoid emotional reactions. Learn the benefits of dollar-cost averaging and automatic savings plans, which can help build personal wealth and lead you to financial freedom even during a recession.
Like, share, and subscribe to our channel for more expert financial training and wealth-building tips!
Stay calm, stay focused, and take control of your financial destiny. Watch now and transform your approach to market downturns!
#EmotionalInvesting #WealthManagement #StrategiesForInvestors #MarketVolatility #DollarCostAveraging
CHAPTERS:00:00 - Intro01:52 - Global Market Meltdown06:12 - Market Sell-Off Strategies12:39 - Healthcare Performance in Economic Crises16:54 - Immediate Actions for Investors20:05 - Pre-Crisis Investment Strategies22:34 - Portfolio Risk Assessment24:30 - Buying the Dip: Investor Behavior25:55 - Systematic Savings and Investment Plans28:34 - Outrod wealth-building tips!_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Private Practice Website Secrets: Stand Out or Fail with Host, Eric Miller & Guest, Cebron Walker

Private Practice Website Secrets: Stand Out or Fail
Are you a private practice owner looking to stand out in a crowded market?
In this engaging conversation, Cebron Walker and Eric Miller delve into the essential strategies you NEED to implement to elevate your practice above the competition and attract more clients or patients.
From the importance of having a professional, top-notch website that resonates with potential customers, to optimizing your Google Business profile with recent, high-quality photos and accurate information—this video covers it all. Learn why investing in advertising and maintaining a marketing budget is crucial for driving new patients or client traffic, and how you can utilize social media effectively to enhance your online presence and engagement.
Key Takeaways:
- Website Optimization: Ensure your website is more than just a digital business card; it should reflect the quality and personality of your practice.
- Google Business Profile: Keep it updated with recent photos and correct information to improve your local search ranking.
- Social Media Presence: Engage with your community by posting authentic, relatable content that resonates with your target audience.
- Marketing Budget: Allocate funds wisely to maintain a steady influx of new clients or patients, especially during traditionally slow months.
Don't miss out on these private practice website secrets that can propel your business to new heights. Take control, maximize value, and build your wealth by implementing these actionable insights today.
#MarketingForHealthcareProfessionals #PrivatePractice #HealthcareMarketing #MarketingSecrets #EngagingWithPatientsOnline
CHAPTERS:00:00 - Intro01:53 - Seasonality in Healthcare Trends06:07 - Fixing Slow Months in Healthcare11:28 - Getting Started with Marketing Strategies14:04 - Optimizing Google Business Profile18:10 - Effective Social Media Strategies22:34 - Successful Practices Marketing Techniques27:45 - Marketing Liaison Role and Responsibilities30:45 - Business Growth Strategies for Practices34:15 - Final Thoughts and Contact Information_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Avoid These Common Exit Plan Mistakes! (75% Fail) with Host, Eric Miller & Guest, Amit Gaglani, PT

Avoid These Common Exit Plan Mistakes! (75% Fail)
Take back CONTROL of your financial future and avoid the common exit plan mistakes that 75% of practice owners make!
In this power-packed episode of the Financial Beast Podcast, host Eric Miller dives deep with Amit Gaglani PT, OCS, as he shares his journey of successfully selling his physical therapy practice for millions. Discover the strategies and insights that can maximize the value of your practice and attract potential buyers who will be salivating over your business.
Amit discusses the importance of strategic planning, understanding financial concepts like profitability, EBITDA, and cash flow, and why having a power team is crucial during the acquisition process. Learn how to build a practice that thrives independently of the owner, ensuring financial freedom and a lucrative exit. 
If you're a practice owner focused on day-to-day operations, it's time to shift your mindset and become a Financial Beast! Empower yourself with the knowledge to navigate the due diligence process, negotiate effectively, and plan your exit strategy with confidence.
Don't miss out on this opportunity to build personal wealth and secure your financial future.
#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #MaximizeValue #BusinessGrowth #Econologics #FinancialBeast #BusinessConsultant #ExitStrategy #FinancialControl #PrivateEquity #PracticeValuation
CHAPTERS:00:00 - Intro1:36 - Why You Need an Exit Plan5:18 - What Buyers Want in a Business11:25 - What Makes a PT Practice Valuable13:49 - Do PT Owners Negotiate Enough17:43 - When Did You Start Looking at Your Practice as an Investment19:44 - The Importance of Financial Control24:50 - The Most Stressful Part of Exiting a Business32:40 - Would You Do It Again34:15 - What Would You Do Differently35:08 - Do Your Homework on the Buyer36:03 - What to Do with the Proceeds41:51 - Life After Exiting43:57 - What Are You Doing Now45:10 - How to Reach Amit45:53 - Outro_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Master AI in Your Practice: Essential Tips for Success with Host, Eric Miller & Guest, Eric Gersch

Master AI in Your Practice: Essential Tips for Success
Ready to take CONTROL of your practice’s future?
Dive into our latest episode of the Financial Beast Podcast, where we uncover the game-changing power of AI for practice owners!
Join hosts Eric Miller and Eric Gersch as they delve into the transformative potential of artificial intelligence in the healthcare industry. From revolutionizing billing processes to enhancing client education, and streamlining policy creation, discover how AI can maximize the value of your practice and pave the way to financial freedom.
In this episode, we tackle the pros and cons of AI, address concerns about job security, and explore how to adapt in the face of technological advancements. Whether you own a physical therapy, dental, optometry, or veterinary practice, this video is packed with essential tips for success. Learn how to leverage AI to build personal wealth, expand your business, and become a Financial Beast in today’s competitive landscape.
Don't miss out! Start Your Financial Beast Training by subscribing to our channel NOW! Connect with us, leave a comment, and share your thoughts. 
Get ahead of the curve, embrace innovation, and take your practice to new heights with AI!
#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #AIInHealthcare #EconologicsFinancialAdvisors #MedicalRecordsAi #MedicalBillingAi #PracticeManagementAi #InsuranceBillingAi #ClientCommunicationAi
CHAPTERS:00:00 - Intro1:39 - Reddit3:29 - AI7:07 - How can AI help a practice owner11:15 - Education16:01 - Pros and Cons of AI18:30 - What AI Can't Do23:10 - AI and creativity25:19 - OUTRO_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

The Shocking Truth About Employee Benefits You Didn't Know with Host, Eric Miller & Guest, Eric Gersch

The Shocking Truth About Employee Benefits You Didn't Know
Unlock the secrets to employee retention with this episode.
Dive deep as Eric Miller and Eric Gersch tackle crucial strategies for maximizing employee satisfaction and engagement. In this eye-opening discussion, you'll discover innovative approaches to benefits that go beyond the basics of health insurance, retirement plans, and paid time off. Learn how unlimited time off and financial assistance can dramatically boost retention and productivity.
This episode is packed with actionable insights for practice owners and business leaders who want to take back CONTROL of their workforce dynamics and build personal wealth through smarter employee management. Whether you're struggling with HR challenges or simply looking to enhance your current benefits package, we've got you covered.
Don't miss out on this episode to elevate your practice and ensure your employees are happy, engaged, and here to stay!
#TrainingPrograms #RetainEmployees #FinancialTips #EmployeeRetention #EmployeeIncentives
CHAPTERS:00:00 - Intro3:02 - What Benefits Should I Offer My Employees3:36 - The Importance of Keeping Employees Happy8:59 - Standard Benefits for Employees16:25 - Other Benefits20:30 - Staff Bonus Systems24:28 - Financial Help for Your Associates_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Election Fears? Why It Shouldn't Impact Your Investments! with Host, Eric Miller & Guest, Eric Gersch

Are election fears paralyzing your investment decisions?
 
Don't let the noise derail your path to financial freedom!
 
In our latest episode, "Election Fears? Why It Shouldn't Impact Your Investments!", we dive deep into how elections truly affect the market and why you should remain focused on your long-term investment strategy. Join your Eric Miller and advisor Eric Gersch as they deliver expert advice, empowering you to take back CONTROL and build personal wealth.
You'll learn why the market is fundamentally apolitical and how historical data shows consistent growth regardless of election outcomes. Discover the importance of diversification, having a solid investment strategy, and the benefits of dollar-cost averaging to minimize risks. Plus, get tips on how to maximize the value of your practice and expand your business, even in uncertain times.
 
Key Topics Covered:- Apolitical nature of the market- Importance of a solid investment strategy- Benefits of dollar-cost averaging- Diversification for financial stability- Controlling your business and financial decisions
 
Don't let election fears hold you back. Tune in now and secure your financial future!
#FinancialFreedom #InvestmentStrategy #WealthBuilding #FinancialAdvisor #RecessionProof #PracticeOwner #ElectionsAndInvesting #DiversifyInvestments #FinancialStability #FinancialPlanning #FinancialLiteracy #FinancialAdvice
 
CHAPTERS:00:00 - Intro01:32 - How to Invest Before an Election05:40 - Market Reaction to Different Presidents11:45 - Maintaining Your Investment Strategy15:18 - Advice for Investors17:05 - Dollar-Cost Averaging Explained21:06 - Lump Sum vs. Dollar-Cost Averaging22:14 - Importance of Having a Strategy23:16 - Handling Market Downturns24:29 - Controlling Financial Decisions25:20 - Wrapping Up_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
 
Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.