Tag: Finance

Bank Failures And How They Reshaped The Financial Industry with Pete Oquist (Ep. 3)

Bank Failures And How They Reshaped The Financial Industry with Pete Oquist (Ep. 3)

Ready to uncover the untold stories behind bank failures and their profound impact on the ever-evolving world of finance?

In this episode, Mike Heckman invites Pete Oquist, a retired Federal Deposit Insurance Corporation (FDIC) examiner. This week, Pete dives into the gripping history of bank failures and their lasting impact on the financial industry.

Pete discusses: 

  • The interesting history of bank deregulation and how it impacted the ways banks operated and continue operating in the current day
  • His own experiences as an FDIC examiner
  • The story behind how he ended up working 12 hours a day, seven days a week 
  • Banks in the 60s versus banks in the 21st century
  • Reasons you have to be a lot smarter to run a bank now
  • And more!

Resources:

Connect with Mike Heckman: 

Connect with Pete Oquist:

About Our Guest: 

Pete Oquist’s experience includes: 

COMMISSIONED EXAMINER, FDIC, Division of Supervision and Consumer Compliance. Responsible for supervision and regulation of state-chartered non-member banks. 

COMMISSIONED SENIOR EXAMINER, Federal Reserve Bank of Chicago, Supervision, and Regulation, 2002 to 2006.   Responsible for supervision and regulation of community state-chartered member banks. 

FINANCIAL INSTITUTION EXAMINER, State of Michigan, Department of Consumer and Industry Services, 1985 to 2002. Responsible for supervision and regulation of state-charted banks.

Welcome To The Wealth Dock Podcast! With Your Host, Mike Heckman (Ep.1)

Welcome To The Wealth Dock Podcast! With Your Host, Mike Heckman (Ep.1)

The wait is finally over. Now you can learn about Sable Point Wealth Management’s tailored financial strategies from wherever you are!

Introducing, The Wealth Dock Podcast with Mike Heckman 🎉

In this inaugural episode, Mike introduces himself and his investing philosophies while revealing what his show will be all about. 

Mike discusses: 

  • Sable Point’s ideal client and how he can instantly tell if someone is a good fit
  • How he (accidentally) got started in the financial services industry
  • The business and investing philosophy he implements with the investors and clients he works with (whether they’re new or highly experienced)
  • His connection with the martial arts world
  • What success means to him
  • And more!

Resources:

Connect with Mike Heckman: 

About Your Host:

Mike Heckman, MS, CFP®, CEPA®, BFA®, CDFA®, AWMA®, CRPS®, CRPC®, is a nationally recognized Financial Educator, Author, Speaker, Retirement Planner, and Wealth Advisor.

Mike and his team have been helping business owners, medical professionals, and retirees preserve, protect and pass on their wealth for over 12 years. In 2019, Mike founded Sable Point Wealth Management, serving Western Michigan with offices in Ludington and Spring Lake.

He’s currently conducting dissertation research on wealth preservation strategies in retirement to complete his Financial Management Doctorate from California Southern University.