#4 - Build A Solid Investment Strategy Before Pushing The Throttle Forward with Alex Tapia

On this episode of Passive Income Pilots, Tait and Ryan interview Alex Tapia, an ex-US Airways pilot who transitioned into finance after 9/11. Alex founded Aviation Retirement Strategies (ARS) to make finance accessible and understandable for aviation professionals, especially pilots. With over $1B in assets under management and 1,000 pilot families, ARS is dedicated to supporting pilots' unique financial needs. Alex believes in personalizing financial strategies, ensuring investments work efficiently together. He shares insights on monetizing your portfolio, taking advantage of industry benefits, and simplifying financial management for pilots. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(00:44) Alex Tapia’s bio

(02:25) What is a money manager?

(06:53) Making financial management accessible to aviation professionals

(09:38) Leaving his job after 9/11 and starting a new company

(15:07) What makes pilots different financially?

(22:58) How airlines choose financial service providers

(27:59) The meanings of "self-directed" in investments

(30:03) Institutional world vs. retail

(32:58) Share classes (A, B & C) for retail investors

(36:42) Reduced fees with a professional financial manager

(39:02) ARS vs. Edward Jones

(41:22) Who can ARS help the most?

(45:19) Financial advice for pilots and their families

(49:02) Knowing everything you need to know about the 'flight'

(51:17) Not knowing your why is like not knowing your destination

(52:36) Outro

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Legal Disclaimer

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.