Tag: Risk Tolerance
When Experience Still Leads to the Wrong Advice with Andrew Kronschnabel (Ep. 5)

When Experience Still Leads to the Wrong Advice with Andrew Kronschnabel (Ep. 5)

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Even experienced professionals can end up with the wrong advice when planning is driven by products instead of perspective. In this episode, we unpack how “zombie advisors” quietly undermine good decision-making, even for highly sophisticated clients.

In this episode of Zombie Advisor, James Knapp sits down with Andrew Kronschnabel, SVP / Head of Investment & Marketing Strategy, Seaport Global. Andy shares his professional journey through multiple market cycles and offers a candid personal story about his own experience working with a “zombie advisor.”

Despite his CFA background and deep market expertise, Andy explains how fear, shaped by early career market crises, combined with a lack of holistic planning, led him into a whole life insurance policy that did not align with his age, risk capacity, or long-term goals. The conversation explores how siloed advice, poor questioning, and incentive-driven recommendations can result in misaligned outcomes.

James and Andy also discuss the critical differences between institutional and retail advising, the importance of context and accountability, and why true fiduciary advice requires advisors to challenge assumptions rather than simply sell solutions.

What to expect:

  • A real-world example of how product-first advice can fail even sophisticated investors
  • The difference between institutional portfolio management and comprehensive retail planning
  • How life experience and fear influence risk tolerance more than spreadsheets
  • Why fiduciary advice requires curiosity, context, and client-first accountability
  • And more!

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Connect with Andy Kronschnabel:

About Our Guest:

Andrew Kronschnabel

SGAM Advisors LLC, Management Committee Member and Penn Capital Management Committee Member

Andrew joined Seaport Global Holdings in April 2023 and serves on the Penn Capital Management Committee for SGAM Advisors, LLC.   His additional responsibilities include institutional sales, collaborating on market strategy research, and assisting firm leaders in efforts to better serve institutional clients. Prior to joining Seaport, Andrew was the Portfolio Manager and Head of Investment Grade Credit at MetLife Investment Management LLC. He joined MetLife in September 2017 following its acquisition of Logan Circle Partners (LCP). At MetLife, he was responsible for all core-based, corporate, and long/short credit strategies. He has over 20 years of industry experience. Prior to joining LCP in 2007, he was a member of the portfolio management team at Delaware Investments where he was responsible for core-based and high-grade products from 2000 to 2007. Andrew holds a Bachelor of Science degree in International Economics and Politics from Colorado College and is a CFA charter holder. 

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Investing With Tyler Rudek, The Planning Gaps Advisors Overlook (Ep. 4)

Investing With Tyler Rudek, The Planning Gaps Advisors Overlook (Ep. 4)

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Long-term investing is rarely about finding the perfect investment. It is about managing risk, staying disciplined, and making thoughtful decisions when markets test your patience. This conversation focuses on what actually drives durable outcomes over time.

In this episode of Zombie Advisor, James Knapp is joined by Boyum Wealth Architects’ Chief Investment Officer, Tyler Rudek, for a practical discussion on how portfolios are built and managed in the real world. They explore common retail investor mistakes such as concentration and home bias, and why these risks often grow quietly over time. James and Tyler explain how portfolios are designed around goals and risk tolerance rather than predictions or headlines. The conversation also pulls back the curtain on ongoing portfolio monitoring, rebalancing during volatility, and tax-aware decision making. Throughout the episode, the emphasis remains on planning, consistency, and maintaining perspective through market cycles.

What to expect:

  • Why concentration and home bias are common and how they increase portfolio risk
  • How goals and risk tolerance shape portfolio construction
  • What ongoing monitoring and rebalancing look like behind the scenes
  • How tax location and coordination with CPAs help manage long-term outcomes
  • And more!

Connect with us!

Connect with Tyler Rudek:

About Our Guest:

Tyler Rudek is the Chief Investment Officer at Boyum Wealth Architects. With over a decade of experience working alongside James Knapp, Tyler oversees portfolio construction, risk management, and investment research. His focus is on building diversified, tax-aware portfolios that align with long-term client goals rather than short-term market trends.

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