Update 3 p.m. Tuesday Jan. 12: Allworth Financial advisor Steve Sprovach will co-host WKRC-AM's Simply Money with Amy Wagner after Nathan Bachrach leaves the show Feb. 23, Wagner says.
Sprovach, who has 37 years of experience as a financial planner, "knows and lives the stuff we talk about on the show every day," Wagner says. "He did radio in college so he feels really comfortable on the microphone. I think our listeners will find him knowledgeable, likable and funny. We’re working closely with iHeartMedia’s programming gurus on giving the show a fresh feel to start this new chapter."
Original post 6:20 p.m. Jan. 11: Financial news expert Nathan J. Bachrach explains why he's leaving his Simply Money weeknight show after 28 years and Allworth Financial investment management company:
"I've done everything I told people to do. I saved money. I invested money. It's now time to enjoy it," says Bachrach, 69, executive vice president of Allworth Financial, which acquired his Simply Money investment firm in 2017.
He will broadcast his final Simply Money financial news show on WKRC-AM 6-7 p.m. on Tuesday, Feb. 23, because that's the day he debuted on Xavier University's WVXU-FM in 1993. He announced his departure on the show Monday evening.
Bachrach had subbed for financial host Chris DeSimio and asked General Manager Jim King for his own program. King gave him a half-hour monthly show which soon grew into a weekly show, then to an hour, and finally into a one-hour weekday show.
For many years, Bachrach co-hosted the financial news show with Ed Finke, his long-time partner in their Financial Network Group in Symmes Township. It was later known as Simply Money until the company was bought by Sacramento-based Hanson McCain Advisors, now called Allworth Financial.
"We've sold the firm. It's in fine shape. I agreed to stay on for three years, which I did. They gave me a couple of offers, none of which were very appetizing," he told me.
Bachrach also will stop co-writing his weekly financial advice column with Amy Wagner for the Cincinnati Enquirer, and doing Simply Money segments on iHeartMedia morning radio shows hosted by Mike McConnell and Brian Thomas. Wagner will continue the WKRC-AM weeknight show with a new co-host, and "Allworth Advice" consumer news segments on WXIX-TV. Bachrach started the TV features 16 years ago with WLWT-TV news veterans producer Kathy Palmer and photographer Kevin Rue.
Bachrach, a Philadelphia native with degrees from Hofstra University and UC, stressed that he's not retiring. He's contemplating "starting a couple businesses, and doing some things in the media" later this year.
Bachrach and Finke, partners since 1993, will be honored with a lifetime achievement award from the UC Economics Center in April.