Copper Beech Financial Group – Page 4

Celebrating 100 Episodes of The Truth About Wealth

By thetruthaboutwealth | April 5, 2023

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John and Michael Parise have made it to 100 episodes!

And this week’s release is all about celebrating this achievement with you! Listen in as John and Michael celebrate their 100th episode by reflecting on their podcasting experiences. Together, they share some stories, reminisce about past episodes, and reveal their favorite moments as podcasters.

John and Michael discuss:

The beginnings of The Truth About Wealth Podcast
How their holistic family approach has let them help families build generational wealth
Instances where their show has helped both clients and strangers alike with their family wealth
Podcasting and annual symposiums as the resources they use to help families
Some of the most educational and memorable episodes they have recorded
And more!

Resources:

Connect with John and Michael Parise:

Shifting How We Work To Transform The Way We Live — Part 1 with Joe Mechlinski (Ep. 99)

By thetruthaboutwealth | March 22, 2023

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Change starts by shifting our working environment.

Would you agree?

In this episode, John and Michael Parise explore how transforming the way we work can have a profound impact on the real world with Joe Mechlinski, the CEO of SHIFT.

Joe unpacks how SHIFT helps companies effectively manage their resources and create engaged employees. He also talks about the core values of his entrepreneurial success and the changes in the workplace ever since going virtual.

Joe discusses:

SHIFT’s approach to helping executives establish a clear direction for their organization
Ways the firm helps executives create an engaged and motivated workforce
The values he learned from his father and how they continue to contribute to his entrepreneurial success
From working in an office to working remotely: How emotional intelligence (EQ) has changed post-pandemic
The differences in the workplace between current and previous generations
And more!

Resources:

The Future of Work | Joe Mechlinski | TEDxPearlStreet
“Grow Regardless” by Joe Mechlinski, et al.
“Spark Brilliance” by Jackie Insinger
“Emotional Intelligence” by Daniel Goleman

Connect with Joe Mechlinski:

Connect with John and Michael Parise:

About Our Guest:

Joe Mechlinski is a bestselling author, speaker, and social entrepreneur who helps organizations build engaged mission-driven cultures. He challenges business leaders to strategically approach talent acquisition, development, and retention. Joe founded four businesses, each with varying degrees of success, which provided him with valuable insights and hands-on experience. At 23, Joe established SHIFT, a collective of businesses that revolutionized workforce engagement.

Market Outlook: Investing In 2023 with Christian Hyldahl, CFA® (Ep. 98)

By thetruthaboutwealth | February 8, 2023

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Many investors have cold feet and want to pull out of the market for 2023, but sometimes the best option is to take a deep breath, put your emotions aside, and wait a little longer.

In this episode, John and Michael Parise talk to Christian Hyldahl from Varium Investment Partners about investing in 2023. Christian shares his approach to investing, what he believes 2023 has to offer, and some advice for nervous investors who want to pull their money out of the market completely.

Christian discusses:

The 2023 market outlook
A comparison of active and passive portfolio management
What’s a cover call strategy and its benefits if done properly
His advice for nervous investors and reasons to stay invested
And more!

Resources:

Looking into Future Economic Trends (Ep. 82)

Connect with Christian Hyldahl:

Connect with John and Michael Parise:

About Our Guest:

Christian Hyldahl, CFA®, is the founder and president of Varium Investment Partners. He has 27 years of portfolio management, investment strategy, and research experience across multiple investment styles and products under his belt. Christian is consistently a top portfolio manager in multiple equity categories. Christian is a chartered financial analyst and obtained his master’s of business administration from the Fuqua School of Business, Duke University. Before that, he attended the London School of Economics for their specialized program in international economics and asset management and obtained his Bachelor of Arts in English and History from Bucknell University.

Investing In Oil And Gas with Don Hosmer (Ep. 97)

By thetruthaboutwealth | December 28, 2022

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Many people have been questioning oil and gas with regard to America’s current politics. Luckily, Don Hosmer from Royale Energy, Inc., is here to provide us with some insight!

In this episode, John and Michael Parise speak with Don Hosmer from Royale Energy, Inc. Don talks about investing in oil and gas. He highlights the benefits of the industry from an investment standpoint, its tax benefits, and opportunities based on its peak demand.

Don discusses:

The fundamental and psychological reasons behind the softness seen in the oil market
The current challenges that the oil industry is facing in the public sectors
The current state of the oil reserve and the life cycle to replenish it
The tax benefits of his investment program and of investing in oil and gas
The risks involved in drilling for oil and gas
And more!

Connect with Don Hosmer:

Connect with John and Michael Parise:

About Our Guest:

Don Hosmer resides in California and is Royale Energy, Inc’s CEO, an oil and natural gas company.

Don started the company with his father in 1986. They started with a team of geologists and engineers and started the company primarily as a natural gas producer.

Approximately three years ago, Royale Energy, Inc. merged with a team of petroleum engineers to form the oil and gas company that is today.

Insurance Options When US Insurance Providers Can’t Cover Your Needs with Sean McNiff (Ep. 96)

By thetruthaboutwealth | December 7, 2022

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If your traditional insurance provider won’t cover specific risks for you or your business, you have additional options to protect yourself, your business, and your family.

In this episode, John and Michael Parise interview Sean McNiff from Exceptional Risk Advisors about some alternative insurance the firm provides. Sean shares a variety of case studies, from examples of when his work made a significant impact on his clients to some interesting insurance stories. He also talks about the creativity and customization that goes into protecting businesses and families.

Sean discusses:

What do Exceptional Risk Advisors and other cover holders for Lloyd’s of London do, who they insure, and what they cover
A variety of insurance case examples of when his work seemed to make a huge difference for his client base
Why it’s so important for business owners to regularly update their net worth valuations for insurance
The creativity and customization that goes into protecting families and businesses
And more!

Connect with Sean McNiff:

Connect with John and Michael Parise:

About Our Guest:

Sean McNiff is the Vice President of Business Development & Marketing at Exceptional Risk Advisors. He is passionate about developing new business relationships and educating the marketplace. Sean has been with Exceptional Risk Advisors from the day it was founded. His focus lies in working with sophisticated life, executive benefit, and disability insurance advisors whose clients can benefit from partnering with Exceptional Risk Advisors.

Sean received a BA in Communications and graduated Magna Cum Laude from the University of Rhode Island. When he’s not advising clients, he’s outside playing tennis, hiking, skiing, and spending time with his wife and their two children.

Esoteric Tax Planning Strategies For American Businesses with Matthew Kirk (Ep. 95)

By thetruthaboutwealth | November 23, 2022

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Every business owner wants to save on taxes, and there’s a variety of tax planning strategies available in the US.

In this episode, John and Michael Parise speak with Matthew Kirk from Holland & Knight about an esoteric tax planning strategy that not many American businesses know about. Matthew gives an overview of the tax benefits in Puerto Rico and the Virgin Islands, explains the rationale behind them, and unpacks some of the finer details, cautioning businesses to speak with a proactive financial professional about using this strategy.

Matthew discusses:

An overview of the tax benefits in Puerto Rico and the US Virgin Islands and the differences between the two
The rationale for the tax benefits in both US territories
The importance of discussing the small details and any questions about these jurisdictions with proactive financial professionals
And more!

Connect with Matthew Kirk:

Connect with John and Michael:

About Our Guest:

Matthew Kirk is a private wealth services attorney in the Holland & Knight’s Atlanta office. Matthew focuses his practice on designing and implementing sophisticated wealth planning and transfer strategies for high-net-worth individuals that often combine objectives of tax minimization, wealth preservation, succession planning, and business planning.

Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94)

By thetruthaboutwealth | November 9, 2022

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They say, “an ounce of prevention is worth a pound of cure.”

When families procrastinate with advanced estate planning, it can jeopardize the success of the next generation and their assets.

In this episode of The Truth About Wealth, John and Michael Parise share a case study that illustrates how they’ve been helping one particular family with their estate planning. Listen in as John and Michael describe their process of minimizing generational taxes by 80% and preparing the next generation to inherit the family business.

John and Michael discuss:

Ways Copper Beech approaches this case study and clients focused on estate planning
The estate planning options they suggest for asset protection
How families can reduce and protect themselves from estate tax exposure
How to effectively prepare the next generation to inherit the family business and/or assets
The role of trusts and liquidity when it comes to estate planning
And more!

Connect with John and Michael:

Cost Segregation In Real Estate — Part 2 with Isaac Downing (Ep. 93)

By thetruthaboutwealth | October 19, 2022

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Did you know that cost segregation studies can be conducted on commercial and residential properties?

This week on The Truth About Wealth, Isaac Downing, the regional director at Capstan Tax Strategies, is back to unpack everything you need to know about the 1031 Exchange and cost segregation studies within commercial and residential real estate properties. Isaac also outlines the tax benefits these studies can provide to passive and active investors.

Isaac discusses:

The 1031 Exchange as a powerful tool within the real estate arena
How tenants can benefit from cost segregation studies
Ways accelerated depreciation works
Cost segregation studies according to different property types
And more!

Resources:

Connect with John and Michael Parise:

Connect with Isaac Downing:

About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies. Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary. A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance.

Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

By thetruthaboutwealth | October 5, 2022

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Cost segregation in real estate has been a taboo subject for many investors.

However, there are several tax benefits to consider when implementing cost segregation within the properties you own.

In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, regional director at Capstan Tax Strategies. Isaac unpacks the ins and outs of cost segregation and its role within your real estate properties. Isaac also details Capstan’s approach to supporting clients with different case studies around the subject.

Isaac discusses:

The advantages of cost segregation
Tax laws affecting cost segregation
What you should know about bonus depreciation
Who qualifies for cost segregation
And more!

Resources:

Cost Segregation Case Studies

Connect with John and Michael Parise:

Connect with Isaac Downing:

About Our Guest:

The Importance of Sobriety with Matthew Sullivan (Ep. 91)

By thetruthaboutwealth | September 21, 2022

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The pathway to sobriety from drugs and alcohol isn’t a linear one. There is potential to have many ups and downs.

And here’s where treatment facilities like the American Treatment Network help individuals get sober to become functioning members of society.

In this release of The Truth About Wealth, John and Michael Parise welcome their returning guest, Matthew Sullivan, the co-founder and Chief Executive Officer of the American Treatment Network. Matthew is back to unpack how his team measures sobriety success for patients while detailing everything you need to know about the timeline of patient treatment at his facility.

Matthew discusses:

The role of sobriety rates when measuring patient success
The treatment options available at the American Treatment Network
The cost of medical care without a health plan
The number of patients that return for treatment after relapsing
And more!

Resources:

Drug Abuse and the Importance of Taking Action with Matthew Sullivan (Ep. 90)

Connect with John and Michael Parise:

Connect with Matthew Sullivan:

About Our Guest:

Matthew Sullivan is a co-founder and Chief Executive Officer of American Treatment Network and a current board member of 1Drop Diagnostics. He is an accomplished commercial executive and entrepreneur that has developed and led strategies that have changed current medical practice throughout his career. He has been an integral part of scaling and leading high-growth organizations that have created over 1 billion dollars of shareholder value while redefining the standard of care in medical treatments.