Spinnaker Investment Group CEO Morgan Christen  Named Distinguished Leader in Wealth Management

Spinnaker Investment Group CEO Morgan Christen this week was named by business publication OC Business Journal as one of a select group of “Distinguished Leaders in Wealth Management.”  The weekly publication selected honorees through a nomination and editorial department review process.  

Among the hallmarks of leaders recognized include standout professional capabilities and accomplishments in their practice. Leaders such as Christen are instrumental in preparing one’s entire family for financial stability and fiscal comfort for generations to come, and offer highly personalized plans for investing, charitable giving, and other specific needs, according to the publication.

Spinnaker Investment Group has been recognized in the local business media for three consecutive years as one of the region’s fastest-growing private companies, growing an average of nearly 65% year-over-year.  Over the past five years, the firm has launched a number of client service innovations while expanding its staff from three to 10 professionals, relocated to larger offices, and increased assets under management from $100 million to more than $500 million.

Christen has spearheaded a variety of initiatives and strategic services such as “Women & Wealth”, empowering women on their journey to financial freedom; SpinnLaw, concierge financial services tailored to attorneys; SpinnTax, a separate business offering tax services to existing clients; as well as a series of quarterly market reports and educational videos discussing the most current trends and topics in the market today. 

In addition to serving as its CEO, Morgan Christen is also co-founder and Chief Investment Officer for Spinnaker, leading his firm’s investment committee in building customized portfolio solutions for high-net worth clients.  His active certifications include the Chartered Financial Analyst (CFA), Certified Financial Planner (CFP®) and Certified Divorce Financial Analyst (CDFA®) and he is a past board member of the CFA Society of Orange County.  

Prior to co-founding Spinnaker Investment Group, Christen founded and led Signature Resources Capital Management, LLC in Irvine and also served as the President of Charterwest Consulting Inc., a money management firm in Newport Beach.  

An MBA graduate from Pepperdine Graziadio Business School, Christen has more than 29 years of investment management experience and numerous professional certifications.  Along with his MBA, he holds a BS in Business Finance from the University of Southern California.

Spinnaker Investment Group: Wealth Reinvented

An independent practice that does not represent a specific company, bank or Wall Street institution, Spinnaker confidently and autonomously advises clients with individually tailored financial strategies designed to achieve financial independence. Spinnaker’s services include Financial Planning, Wealth Planning, Retirement Planning, Asset Management, and Securities and Insurance. Spinnaker serves a broad customer base throughout Southern California, along with many clients across the United States.   

For more information on Spinnaker Investments, visit www.SpinnInvest.com.

Christopher Page Joins Hardesty’s  Leadership Team as Partner

Hardesty, LLC., one of the fastest growing executive talent solutions firms in the country, has admitted Christopher Page as a Partner in the firm. Page will play a critical role at Hardesty as the firm continues to expand its nationwide network providing executive and financial management solutions to private equity firms and their portfolio companies.

“We are really excited to have Chris join the team as he brings great relationships, deep experience and real world business knowledge which will further elevate our team and our success.”, said Karl Hardesty, Founder & CEO. “Adding Chris, who has more than 20 years of M&A experience, to our team will greatly help us advance our efforts in providing a complete C-Level solution to our core clients as well as our growing roster of private equity relationships.”

An industry veteran in capital markets, Page joins Hardesty with a proven track-record leading investment development, deal sourcing and origination for leading middle-market investment banking and private equity firms. He has closed over $5 billion in transactions and contributed to billions more across a variety of market segments. Page says, “The M&A market is more competitive than ever, and investment firms must react quickly to opportunities with an informed industry-led thesis that will signal to sellers and their advisors that the investor is credible and can move quickly to a close. Having previously leveraged experienced CEOs and CFOs to generate deal flow for private equity firms, I have learned first-hand that executive talent is essential to driving investment returns. I am excited to provide the very best director-level and operating executives to add value to private equity firms and their portfolio companies across the entire investment lifecycle, from deal originations, pre-sale advisory, due-diligence, and integration to post-sale operations and financial leadership.”

Page joins a team of 15 Hardesty leadership partners, who oversee the recruiting activities and deployment of over 50 top-level executive partners nationwide. 

About Hardesty

Hardesty, LLC is an executive services and financial consulting firm providing best-in-class executive leadership and professional services to middle market companies, including founder owned, private investor owned, and publicly traded entities through its nationwide network of offices. The firm provides executive search, interim executive placement, technical accounting consulting, and strategic consulting services. The firm’s reputation has been built focusing primarily on the CEO, COO, and CFO roles. Hardesty’s national team of seasoned partners and professional staff is available for rapid deployment to companies requiring immediate executive solutions. Hardesty has grown rapidly since its formation in 2011 and has been recognized as a “Fastest Growing Company” year after year. Hardesty is headquartered in Orange County, California with offices in major U.S. markets. For more information, visit www.hardestyllc.com.

ViewSonic Corp. Partners with Make-A-Wish to Grant 3 Wishes to Local Southern California Children

ViewSonic Corp. has a 35 year legacy of not only delivering innovative solutions to education, enterprise and consumers, but they also have a rich history of customer and community support. Recently ViewSonic employees fundraised and donated money to support Make-A-Wish of Orange County and the Inland Empire. ViewSonic employees raised over $20,000 which allowed them to grant 2 wishes to local children suffering from critical illnesses. 

The company further supported Make-A-Wish by donating an additional $10,000 on Giving Tuesday.

Every 20 minutes a child is diagnosed with a critical illness that is progressive, degenerative or malignant. Make-A-Wish was founded to grant life-changing wishes for children with critical illnesses. For those children, life is very different. Time in hospitals, grueling treatments, isolation from friends and family and basically not being able to be a kid. Knowing that their wish will be granted gives these children the strength to fight their critical illness, comply with treatment and improve their emotional well-being.

There are over 500 critically ill children in Orange, Riverside and San Bernardino counties waiting for their wish to be granted. 

ViewSonic continues to encourage other organizations to help where they can and show up when it matters. Support makes all the difference and strength in community begins by getting involved. 

An Inspiring Teacher | Sue Grant

Featured in The Women Leaders

Sue Grant built an impactful career in cause marketing within the nonprofit industry. At the height of her career, equipped with 25 years of invaluable experience, she followed her heart’s calling. She founded The Literacy Project to serve struggling, at-risk children in unfortunate circumstances. After a contract with The Regents of The University of California, where she helped create an afterschool reading program to address growing illiteracy rates, an idea blossomed, and Sue realized the program could be used to offer free reading lessons to children, especially among low-income families in impoverished areas. Her lifelong passion culminated with the founding of TLP by bringing her nonprofit experience, leadership skills, and relentless drive to the forefront of literacy issues. She believes every child has a right to learn to read within their unique capabilities. She believes our most vulnerable children need hope, support, and to be equipped with the basic foundational reading skills to pave the way for a successful future.

Mentoring the Right Way

Her greatest joy is to share her world and love for people with ambitious female minds. They say mentoring truly is a gift to the mentor, and Sue wholeheartedly agrees. “Throughout my career, I have been blessed with over 50 interns that I have had the honor of mentoring. I fostered connections early on with Chapman University, Cal State Fullerton and UCI internship departments,” she says. “Each year about 80% of the applications I receive are from females. With each intern, I focus on helping advance both their personal and academic development while opening doors for them that they never thought would open.” To introduce a young student to the Chairman of Angels Baseball, a billionaire, or any top professional in the field, is a gratifying pleasure for Sue. “Each person I work with becomes like family – I have been to weddings, seen children born, and many have even become close friends. As one of nine children growing up, I always love to be surrounded by a loving and nurturing environment, and I do my part to create that for others. Needless to say my mentoring is far from sitting in Starbucks chatting!”

Sue believes part of empowering people is by providing them with a foundation. For example, she starts every intern or employee off with the Strength Finders test so that together they understand the landscape of their skill set. “I also share my results, so they understand what strengths drive my character as well. This allows us collaboratively to foster the highest-level working environment. I love to ask, “What do you love to do, and what do you dislike?” My history is rich with lessons, and one is to encourage my team to perform 75% of the time in the department they love, while coaching them through their work spent in the department they dislike 25% of the time,” she elucidates. “The team environment is enriched when their strengths and my strengths work together. It’s amazing to see them grow when you help them “like” something they don’t have confidence in.”  

Helping Others Evolve

Often when people think of revolutionary, they think of things that are “new.” When it comes to learning, TLP is making exceptional progress in helping at-risk readers by teaching basic reading skills at the most critical “literacy gap” benchmark between second and third grade. At the same time, there are many great advancements when it comes to learning, many of those champion shortcuts that don’t serve struggling readers well or provide a proper foundation for them to build upon. TLP is revolutionary because while the world evolves, TLP helps others evolve by ensuring they are equipped with the literacy tools they need so that life does not evolve without them.

“We are always evolving to serve our children best. At the moment, we are focused on refining our teaching procedures, hiring high caliber teachers by increasing wages, and developing our program to even greater excellence so that we can take on four more states next year!” Sue adds, “our ultimate goal is to be a national charity by 2025. We have our sights set on bringing our program into the 10 most illiterate cities in the US.” TLP has already been serving the 6th most illiterate, the city of Anaheim, California, since 2012. Another important goal that TLP has is to bring their reading program to the student residents within the affordable housing communities nationwide.

Towards the Future

For the days to come, The Literacy Project will continue to service Southern California, Utah, and Arizona school districts and plans to open schools in New Mexico, Hawaii, Nevada, and Washington in the fall of 2022. “Our reading program, free of charge to both the students and the school, offers a 30-hour program conducted five days per week and four cycles during each school year. We graduate 72 new readers every year at every school we serve.” During their off month in the summer, they conduct more training, organize their annual fundraisers, and hire for the next school year, which starts in the fall. They have served over 10,500 students with this program and are very inspired to see that number grow, especially when learning retention is at an all-time devastating low.

Sue’s goal for the Literacy Project is to see it rise in service and scale to become a national charity, addressing escalating illiteracy statistics nationwide. The organization hopes to serve the most at-risk cities and school districts in each state. In tackling the “10 Most Illiterate Cities in the US,” TLP will serve at least one school in each area for starters. They hope to attract major corporations who want to join their national campaign and support America’s under-resourced youth. “In 2019-20, Chapman University collaborated with us to produce the strategic plan, “United in Literacy,” for this venture. Execution is scheduled for January 2023, as long as schools reopen in fall 2022.” Sue Grant believes there are many ways to save the life of a child, giving the gift of literacy is one of them.

This Buchalter Attorney’s Podcast Seeks to ‘Nudge’ Women to Consider Judgeships 

law.com/therecorder/2022/11/03/this-buchalter-attorneys-podcast-seeks-to-nudge-women-to-consider-judgeships 

By ALM Staff 

 

Buchalter shareholder Mary-Christine “M.C.” Sungaila is nominated for the California Legal Awards’ Innovation in Diversity and Inclusion Award for her podcast highlighting women on the appellate bench. 

Sungaila, who is based in the firm’s Orange County and San Diego offices, told The Recorder how her podcast project helps illuminate the various pathways in the legal profession.

Please tell us about your diversity and inclusion initiative and the underlying problem that sparked the initiative. 

The Portia Project®️ podcast was born out of twin desires to highlight women on the appellate bench and to encourage more women to apply to serve on the appellate courts by sharing the many varied paths women have taken to get there. 

There are disproportionately fewer women state Supreme Court justices. And many women who have joined the bench have said they were specifically encouraged to apply by a judicial or other mentor. 

Diversity Matters to Clients 

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The hope was that the podcast would be that “nudge” for women to consider the bench, and would expand the impact of judicial mentoring initiatives both the California courts and the governor’s office have put in place. 

Once launched, the podcast’s mission broadened to highlighting the many other areas women with law degrees are leading inside and outside the law, with a goal of inspiring girls and young women to consider law school. 

Over 75 state and federal judges nationwide have shared or will be sharing their career stories —a first for any podcast— alongside chief legal officers, law firm managing partners, law professors and deans, legal nonprofit leaders, and those leading outside the law with their law degrees as legal tech founders, fiction writers, and museum executives. 

What are the measurable outcomes of the initiative? 

The podcast website has nearly 2,000 visitors each month, and the podcast itself has nearly 12,000 downloads to-date.

It has been ranked among the Top 20 women in the law podcasts globally by Feedspot and awarded a 2022 IMPACT award for Best Podcast by the Internet Marketing Association. 

Podcasts create community and amplify the good work of community organizations. The podcast has already amplified the work of Girls Inc.®️ Orange County in educating high school girls in an externship training program by presenting a panel of local women judges and lawyers to the 100 girls in the program, which was recorded and later broadcast on the podcast- both amplifying Girls Inc.®️ and its work and getting the wisdom of the panel out beyond the 100 girls in that room. 

What advice do you have for members of the legal industry looking to launch similar initiatives? 

Podcasts are exploding in popularity. But legal podcasts hosted by practicing lawyers (rather than journalists) are still relatively rare. 

A few of us are changing that. We are using legal storytelling in the podcast format to educate the public about the law and to celebrate the contributions of women and diverse lawyers across the profession, including on the bench. 

Join us. And when you do, consider ways to build community offline too, and amplify the already existing good work of nonprofits like Girls Inc.

Brera FC Hosts Series of Events in Milan, Italy

Recent IMA IMPACT Award recipient Brera FC, recognized in October 2022 for “Social Impact through Soccer” has launched a series of events in its hometown of Milan, Italy. The events featured founder and board of directors member Chris Gardner, who Will Smith portrayed in the epic film “The Pursuit of Happyness.” Brera Holdings PLC is the Irish parent company which is pursuing a Nasdaq IPO featuring the Brera business model, combining social impact in Italy and the potential acquisition of A-level clubs in countries such as North Macedonia and Mozambique. https://brerafc.com/en/

The Milan events occurred November 6-9 and included a special football match, dinner at the Bollate Prison InGalera Restaurant with inmates as cooks and staff, book signings for Chris’s latest work “Permission to Dream,” meetings with the city council and mayor, and visits to the Beccaria juvenile detention facility, the Galdus vocational technical school, and the San Carlo school.

Preparing For Your Baby’s First Bath

By Original Sprout

So you’ve just had a baby. First of all, CONGRATULATIONS! We hope your little bundle of joy is healthy and happy and you’re all home safe and sound. 

It’s now time for one of the first of many parental hurdles you’ll hit over the coming months, your baby’s first bath. There are lots of little details and techniques to keep in mind in order to optimize this time and ensure it goes smoothly, but not to worry, we’re here to help! Read on for some of our recommended tips and tricks to make this first bath experience as painless and fun as possible.

Timing – When to Give Your Baby Their First Bath

While there isn’t an exact amount of time required to wait before bathing your newborn, the general consensus is that longer is better, within reason. For the sake of offering some guidance, we recommend waiting a week, or at least until the umbilical cord stump falls off. Light sponge baths and regular wipe downs of the face, hands, and genitals are a good substitute in the meantime. 

Beyond the general waiting period, there are even optimal scenarios to help ensure your baby is in the best mood to be bathed. Some factors that can aid in the process are:

  • Ensuring both you and your baby are fully awake
  • Waiting an appropriate amount of time after feeding for the milk or formula to settle
  • Allotting yourself plenty of time to avoid feeling rushed when bathing 
  • Creating a space free of distractions and interruptions

Additionally, maintaining a regular rhythm when it comes to bath time can help set your baby’s bodyclock and help them feel comfortable with being bathed. 

Prep – What to Have On Hand For Bathtime

You’ve gone through the waiting period of sponge baths and wipe downs, and it’s now time for your baby’s first proper bath! There are certain products and items that are a must-have for a successful first-time bathing experience.

First and foremost, you’ll need a proper baby tub (such as a Blooming Bath Lotus) that meets the current safety standards. Also, you’ll want to have all of your supplies open and within arm’s reach, such as:

  • Safe hair and skin products (like our Hair and Body Babywash)
    • You may want to stick to solely using warm water for the first few baths, before incorporating bath products as they get a little older
  • Washcloths and towels 
  • Cup to rinse your baby off 
  • Clean clothes and a clean diaper 

It’s also helpful to have another person in the room with you during bathtime, to provide an extra set of hands and grab any items that might have been forgotten.

It’s Bathtime!

You made it, you’re all prepared and ready for bathtime, now what? Well, let’s get going! 

First things first, make sure the room you’re bathing in is at about 75 degrees fahrenheit to prevent your baby from getting cold. Once that’s done, fill your baby’s tub with just enough water to cover the bottom of their body (about 2 inches). Make sure the water is warm, not hot (you can test the temperature by using your elbow or the inside of your wrist), and always fill the tub with water before placing your baby in it. You can also place a warm washcloth on your baby’s torso to keep them warm.

Take your time, and stay calm! This will help your baby feel relaxed during the time. With that said, it’s totally normal for your baby to cry the first few times they get bathed, talk or sing to them softly to help them feel at ease when they fuss.

NOTE: This may sound obvious, but never leave your baby unsupervised in the bath, even for a second!

Make sure to keep at least one hand or set of hands on your baby at all times, this is where having another person around can be helpful. When it comes to washing, start with the baby’s face and then move down to the rest of the body. Use a warm wash cloth to gently clean in and around all of the cute little folds and between fingers and toes, as drool and milk can hide there. When it comes to cleaning their private parts, wipe girl’s genitals front to back, and wipe boy’s clean, uncircumcised or not. 

When this is done, use one more round of warm water to rinse them off, before wrapping them in a warm towel and holding them close. For the most part, lotion is not necessary as babies are born with soft, supple skin. Feel free to consult your baby’s healthcare provider on whether they recommend using lotion or oil.

… and that’s it! Congratulations on a successful bath time experience!

Visit Original Sprout to learn more: https://originalsprout.com

How to Avoid Overstock and Stockouts While Maximizing Profits

By Tompkins Solutions

Manufacturing and shipping delays and shifting customer shopping habits are continuing to pose issues for inventory planning. Retailers that rushed to restock shelves amid ongoing supply chain disruptions are now stuck with excess inventory and all of the costly consequences, including massive markdowns and additional storage expenses and requirements. This comes at a time when rising labor, space and freight rates and record-high inflation are already cutting into profit margins.

While excess inventory can lead to profit loss, the opposite can also have a negative impact on the bottom line, with NielsenIQ reporting that U.S. retailers lost over $82 billion in sales in 2021 due to out-of-stock items. Stockouts are also one of the top reasons for a bad customer experience, which can lead to additional profit loss for retailers.

So how can retailers improve their inventory planning strategy to maximize profits and meet changing consumer demands? Below are five tips to help companies strike the right balance of inventory.

Utilize advanced inventory optimization software

Since relying solely on past sales history is no longer adequate to properly predict future demand, savvy retailers are starting to deploy sophisticated software solutions that use machine learning and artificial intelligence (AI) to provide valuable insights and improve inventory forecasting. With real-time visibility into the entire supply chain network, retailers can quickly identify and react to any potential disruptions or delays to ensure they have the right amount of inventory available in the right place at the right time.

Optimize product and category assortment

While consumers have become accustomed to endless product choices thanks to Amazon and other online marketplaces, recent supply chain disruptions have prompted a rise in substitutable products, with eMarketer reporting that more than 50% of consumers bought a different brand than usual due to out-of-stock products last year. This decline in customer loyalty, combined with ongoing disruptions and rising prices, highlights the need for retailers to optimize category and product assortment to avoid inventory stockouts and lost sales.

Diversify your supplier and transportation network

Inventory issues can occur anywhere in the supply chain, from manufacturing to last-mile delivery. Disruptions can vary in severity and range from a single local event like a labor strike or natural disaster to a worldwide pandemic like COVID-19. Companies should identify and build relationships with suppliers and vendors in additional geographic locations and closer to home to ensure they can continue to meet customer demands in the face of disruption. Similarly, retailers should also expand their distribution and transportation options, as port congestion, driver shortages and rising fuel and freight rates continue to create additional challenges and delays for fulfillment operations. 

Embrace an omnichannel strategy

Omnichannel retailers can utilize their existing brick-and-mortar footprint as an extension of their distribution centers, especially at a time when space and labor are scarce, or in the event of disruptions. With the help of an advanced inventory management system (IMS), companies can manage stock across all stores and warehouses and ship items to other locations or directly to customers to avoid stockouts while reducing delivery times and costs. Low-traffic stores with unused space can also serve as micro-fulfillment centers or forward stocking locations to increase storage capacity and delivery speed to customers. 

Deploy automated solutions

Warehouse automation—including robotics, material handling and software solutions—reduce touches, human error and cycle times, enabling companies to increase speed, accuracy and efficiency. When installed in a distribution center, software tools such as warehouse management systems (WMS) and warehouse execution systems (WES) can determine the ideal mix of labor, equipment and processes to optimize the flow of goods. 

Contact us today or check out our other resources to learn how to optimize your supply chain to increase service levels and reduce costs.