By Ahmie Baum, CFP® CFBA
With 45 years of experience, we at Interchange Capital Partners have learned that looking at managing your money only from the view of how much you should have in stocks, bonds, and cash with a single-asset allocation leads to more inefficiencies. It also creates more opportunities to make incorrect decisions. When you determine the why and what you want your money to accomplish, you build a stronger foundation and a smoother road for your financial future. Welcome to the next generation of money management.
Spend, Live, Give™
SLG™ will help you think differently about your money; it matches your primary goals with three different asset allocations. Aligning your resources to specific life goals provides an intuitive and practical structure for your money. This has enabled our clients to stay the course and not make emotional and often incorrect decisions through all kinds of market and economic turmoil.
We see our role as “goal translators and implementers.” We help you identify what you want your money to do for you, rank priorities, and gain a better understanding of what is possible with your wealth. In doing this, we categorize your assets into three strategic containers. These containers are meant to balance your priorities (wants and needs) with your specific timeline (now or later).
The Spending Container
The goal is to maintain your lifestyle for the next 1 to 5 years. We are interested in preserving capital by investing in cash and short-term bonds. Return “of” your principal, not return “on” your principal, is most important. When the inevitable downturns happen in the market and economy, a well-funded spending container allows you the ability to “sleep at night” and avoid making emotional decisions.
The Living Container
The goal here is to improve your lifestyle and protect against inflation. We build a conservative growth portfolio to help you reach goals 5 to 15 years away. The biggest threat to accomplishing these goals is inflation, so we focus on maintaining purchasing power and growing your funds. We invest in a balanced mix of stocks, bonds, and alternative investments.
The Giving Container
The goal is to improve the lives of others. We typically allocate stocks and long-term illiquid investments since these goals are a decade or more away. These funds are earmarked for family legacy or philanthropic wishes.
Benefits of Spend, Live, Give™
Developing your spending, living, and giving priorities is a great way to manage the risk in your portfolio and build the appropriate asset allocations for you and your family. With risk adequately managed, you can enjoy a longer-term perspective with the inevitable ups and downs of the market and economy. It gives our clients confidence knowing that their SLG™ portfolios can weather volatile economic storms without impacting their day-to-day spending requirements.
How We Can Help
The next generation of money management, our Spend, Live, Give™ structure, makes navigating the unknown future easier. To learn more about how SLG™ can work for you and your family, email us at team@interchangecp.com or call our office at 412-307-4230 to schedule an introductory appointment.
About Ahmie
Ahmie E. Baum is the Founder and Executive Chairman of the Board for Interchange Capital Partners, a premier Family Business Advisory Firm committed to empowering family-owned businesses. With over 45 years of experience, Ahmie specializes in guiding families to safeguard and grow their wealth through our strategic Clarity Foundation™.
Passionate about helping multi-generational family businesses, Ahmie excels at navigating their unique challenges, allowing them to focus on what they do best, running their core business. One of his greatest joys is getting to know the firm’s clients personally, listening to their stories, understanding their journeys, and identifying and solving for the challenges that keep them up at night.
Ahmie collaborates closely with clients to help design comprehensive plans that address their obstacles, seize opportunities, and leverage their strengths. As he manages the complex and unique situations of each family, Ahmie takes on their challenges as his own, fully committed to helping them work toward achieving their goals. His mission is to guide clients through their uncertainties, enabling them to move beyond their fears and confidently pursue their dreams.
Ahmie began his career at EF Hutton in 1979, eventually rising to the position of Senior Vice President. In 1993, he transitioned to Paine Webber, which was later acquired by UBS, where he spent nearly 27 years. During this time, he earned an Executive Certificate in Financial Planning from Duquesne University and obtained his CFP® designation. He also holds a Certificate in Family Business Advising (CFBA) from the Family Firm Institute and for the past 20 years has been involved with Strategic Coach, an international entrepreneurial training program.
When he’s not working, Ahmie enjoys spending time with his wife, Sara, their three children, and three grandchildren. He recognizes that health is wealth, so he has committed to daily yoga, meditation, and plant-based eating. His other hobbies include woodturning, golf, reading, listening to music, and biking. He is active in his community, has served as the Foundation Chair of the Jewish Federation Community Foundation of Greater Pittsburgh, and supports various philanthropic endeavors. To learn more about Ahmie, connect with him on LinkedIn.
Interchange Capital Partners, LLC, (“INTERCHANGE CAPITAL PARTNERS”) a registered investment adviser with the Securities and Exchange Commission providing investment advisory and financial planning services. Any reference to the terms “registered investment adviser” or “registered” does not imply that INTERCHANGE CAPITAL PARTNERS or any person associated with INTERCHANGE CAPITAL PARTNERS has achieved a certain level of skill or training. A copy of INTERCHANGE CAPITAL PARTNERS’s current written disclosure (ADV 2A Firm Brochure) discussing our advisory services and fees is available for your review upon request. INTERCHANGE CAPITAL PARTNERS, in addition to providing investment advisory and financial planning services, provides business consulting services. In connection with its business consulting services, INTERCHANGE CAPITAL PARTNERS does not provide tax or legal advice.
This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from INTERCHANGE CAPITAL PARTNERS. INTERCHANGE CAPITAL PARTNERS reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any recommendations, projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
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