Tag: The Truth About Wealth Podcast

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Navigating Family Dynamics With Family Coaching featuring Alex Kirby (Ep. 115)

Navigating Family Dynamics With Family Coaching featuring Alex Kirby (Ep. 115)

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Every strong family is like a winning team, and just like any successful team, they thrive with the guidance of a dedicated coach. 

Alex Kirby, the Founder and CEO of Total Family Management, joins John and Michael Parise to talk about the concept of family coaching. Alex explains how his company helps families improve their dynamics and communication, particularly in the context of wealth management. 

Listen in as Alex emphasizes the importance of values, goals, and a shared vision in family coaching while covering a case study of a family business and the unique, systematic approach of Total Family Management.

Alex, John, and Michael discuss:

  • An introduction to Total Family Management (TFM) and its services
  • The importance of communication and healthy dynamics within families
  • The customization of TFM’s coaching approach based on each family’s needs and objectives
  • The value of approaching difficult conversations gradually
  • How family coaching helps families establish their values and goals across generations
  • And more!

Resources:

Connect with Alex Kirby:

Connect with John and Michael Parise:

About Our Guest: 

Alex Kirby is the Founder and CEO of Total Family Management (TFM), a pioneering firm specializing in private virtual family coaching within the wealth management sphere. 

With a distinguished career in leadership development across both large and small companies, Alex brings a wealth of experience to TFM. His vision centers around the concept of families as teams, where the principles of leadership development are applied to create harmonious and prosperous family dynamics. 

TFM’s unique approach spans family governance and family dynamics, making a significant impact on the wealth management landscape. Through TFM, Alex is dedicated to helping families achieve their shared vision and build a strong, cohesive unit.

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Structuring An Ownership Buy-Sell Agreement between Business Owners (Ep. 87)

Structuring An Ownership Buy-Sell Agreement between Business Owners (Ep. 87)

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In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think.

So, how to incorporate this information into a written agreement, especially when someone passes away?

John and Michael Parise from Copper Beech Financial Group are here to answer this and more!

This week, John and Michael unpack the importance of a buy-sell agreement. They detail what happens when a partner passes away along with tax implications for the surviving partner with a buy-sell agreement. 

John and Michael discuss:

  • The three types of buy-sell agreements and how they work
  • Tax considerations for the surviving partners in buy-sell agreement 
  • The value of businesses revisiting their buy-sell agreement
  • Why have a valuation metric 
  • And more!

Resources:

Connect with John and Michael:

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Mitigating The Stress In The Financial Marketplace (Ep. 86)

Mitigating The Stress In The Financial Marketplace (Ep. 86)

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The past two years have caused multiple stressors in the financial marketplace. 

Inflation, oil prices, the uncertainty of the dollar, global issues, the war between Russia and Ukraine, and others have made decision-making around our financial future a more daunting task.  

But don’t worry. John and Michael Parise from Copper Beech Financial Group are here to help you so that you help your clients!

This week, this father-son duo unveils the tips and tricks advisors need to support their clients and their financial decisions in this fast-changing marketplace. John and Michael also unpack important conversations you must address with your clients. 

John and Michael discuss:

  • Ways the economy has shifted since 2020 
  • The value of asking and answering the “tough questions”
  • Estate tax changes and ways it impacts those taking risks
  • The importance of conducting market research
  • Some industry shortcomings 
  • And more!

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Employment Post COVID-19 (Ep. 85)

Employment Post COVID-19 (Ep. 85)

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The COVID-19 pandemic shifted the way industries have conducted business. Many companies shifted to a remote working model.  

However, what happens when companies try to get employees that have been working remotely throughout the pandemic to come back into an office setting full time?

In this episode, John and Michael Parise discuss the challenges that employers face post-COVID. They also provide tips and tricks on how to keep employees with companies long-term. 

John and Michael discuss:

  • Why people are settling into one company 
  • How the job market has changed post-pandemic
  • Why do employees have more power than they did in the past
  • How technology has shifted the ways business is conducted
  • And more

Connect with John and Michael:

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Looking into Future Economic Trends (Ep. 82)

Looking into Future Economic Trends (Ep. 82)

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Right now interest rates and inflation are higher than most of us have ever seen.

The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years.

In this episode of The Truth About Wealth, John and Michael are joined by Christian Hyldahl, a financial professional at Varium Investments who has been in the financial business for 30 years, to discuss what the economic trends will look like in the next short future.

John, Michael, and Christian discuss:

  • Christian’s thoughts on who is to blame for inflation
  • Advice for retirees facing an inflated market
  • The influence that the fed has had on the market
  • What might happen in response to the inflated market
  • And more

Connect with Christian Hyldahl:

Connect with John and Michael:

 

 

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How to Pay for Estate Taxes (Ep. 81)

How to Pay for Estate Taxes (Ep. 81)

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If you are set to have an estate tax, how might that tax get paid? Can we get that tax to zero? 

In this episode, John and Michael discuss their approach to estate taxes. In their approach, taxes are voluntary and planning is essential to ensure your loved ones have a plan and the means to pay for estate taxes when the time comes. 

John and Michael discuss:

  • The best and worst ways to pay your estate taxes
  • Section 6166 for business exclusions on estate taxes
  • Gregan loans and how they can reduce your estate tax
  • The importance of starting early when it comes to planning
  • And more

Connect with John and Michael:

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Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part Two (Ep. 80)

Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part Two (Ep. 80)

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In today’s market, many investors and clients are coming off of a decade of strong stock market wins and are now wondering, what’s next? With inflation concerns running rampant, many people are starting to look at the real estate asset class for answers.

In this episode John and Michael Parise welcome back guests Steven Kantor and Michael Brown for part two of a two part series on real estate investing.

John, Michael, Steven, & Michael discuss:

  • What opportunity zones are truly opportunities
  • How to leverage opportunity zone tax incentives
  • The use of DSTs in client’s real estate holdings
  • Why clients might consider shifting from stocks to real estate 
  • And more

Connect with Steven Kantor and Michael Brown

Connect with John and Michael:

About Our Guests 

Steven Kantor is CEO of S2K, where he is responsible for overseeing the strategic direction of the firm. Steven has over 35 years of principal investing and investment banking experience, and throughout his career has raised several billions of dollars for REITs and other real estate companies via IPOs, CMBS financings and other forms of equity and debt financing. Previously, Steven was an Executive Managing Director and Global Head of Investment Banking at Cantor Fitzgerald, as well as Chairman and Co-Founder of CCRE, Cantor Fitzgerald’s affiliated commercial real estate lending platform. Prior to Cantor Fitzgerald, he held several senior roles at Credit Suisse. Steven earned a B.A. from Syracuse University and a J.D. from American University.

Michael is the Head of Real Estate Capital Markets at S2K. Prior to his role at S2K, Michael held a principal position at Sabbatical, was director of debt strategies at Fairstead, and was the Senior Managing Director at Cantor Commercial Real Estate, among other roles. He holds a Bachelor of Science from Cornell University. 

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Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part One (Ep. 79)

Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part One (Ep. 79)

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Real estate is an asset class that comes up in almost every single client meeting. And, while it is a must-have in any portfolio, real estate is a broad asset class that is changing and evolving generation by generation. 

In this episode John and Michael Parise welcome guests Steven Kantor and Michael Brown for part one of a two part series where they discuss all things real estate. From how an investor should start to assess the real estate market to some key macrotrends in the space, Steven and Michael provide some important insights into the real estate market landscape that you won’t want to miss.

John, Michael, Steven, & Michael discuss:

  • How to decide where to play in the real estate market 
  • Different end-goals of owning real estate investments
  • Macro trends in the real estate market
  • The retail submarket
  • And more

Connect with Steven Kantor and Michael Brown

Connect with John and Michael:

About Our Guests 

Steven Kantor is CEO of S2K, where he is responsible for overseeing the strategic direction of the firm. Steven has over 35 years of principal investing and investment banking experience, and throughout his career has raised several billions of dollars for REITs and other real estate companies via IPOs, CMBS financings and other forms of equity and debt financing. Previously, Steven was an Executive Managing Director and Global Head of Investment Banking at Cantor Fitzgerald, as well as Chairman and Co-Founder of CCRE, Cantor Fitzgerald’s affiliated commercial real estate lending platform. Prior to Cantor Fitzgerald, he held several senior roles at Credit Suisse. Steven earned a B.A. from Syracuse University and a J.D. from American University.

Michael is the Head of Real Estate Capital Markets at S2K. Prior to his role at S2K, Michael held a principal position at Sabbatical, was director of debt strategies at Fairstead, and was the Senior Managing Director at Cantor Commercial Real Estate, among other roles. He holds a Bachelor of Science from Cornell University. 

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A Journey into the World of Spanish Wine with Tim O’Rourke (Ep. 78)

A Journey into the World of Spanish Wine with Tim O’Rourke (Ep. 78)

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If you are a lover of high quality wines that don’t break the bank, this deep dive into the various wine regions of Spain is for you. 

In this episode, John and Michael Parise welcome back guest Tim O’Rourke to discuss the different wine regions of Spain, the complex history that has shaped the Spanish wine industry, and how best to pair your favourite Spanish wine. 

John and Michael discuss:

  • The history of Spanish wines
  • The terroirs that shape each wine region of Spain
  • Ideal food pairings for Spanish wines
  • The cork supply/demand dilemma 
  • And more

Connect with John and Michael:

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Distinguishing Between Market Noise and Market Impact with Paul Dietrich, Part 2 (Ep. 77)

Distinguishing Between Market Noise and Market Impact with Paul Dietrich, Part 2 (Ep. 77)

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2021 was a year full of ups and downs. Will 2022 be the same? 

In the latest episode, John and Michael Parise welcome back guest Paul Dietrich for part two of a two part series where we review the events of 2021, their impacts on the economy, and what 2022 may have in store. 

John, Michael, and Paul discuss:

  • The real inflation rate in 2021 and 2022
  • Why unemployment numbers appear static
  • The key events that affected the economy in 2021
  • How our current education system needs to change for the economic future
  • And more

Connect with Paul Dietrich

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About Our Guest: 

Paul Dietrich currently serves as Chief Investment Strategist with B. Riley Wealth Management, Inc., where he focuses on managing investments for private investors, retirement funds and private institutions throughout the United States. He previously served as CEO and Chief Investment Officer with Fairfax Global Markets, LLC, and as CEO and Chief Investment Officer of Foxhall Capital Management. He also worked as an international corporate attorney with Squire, Sanders & Dempsey (now Squire Patton Boggs) and Jones Day. He is a frequent on-air commentator and regularly contributes his market analysis to business and financial media.