Colloquium

This episode of the Capital Club Podcast features an in-depth conversation with Mark Tepsich, a seasoned family office veteran, and our host, Brian Adams. Mark shares his journey from starting an internship at a family office in 2008 to becoming an influential advisor for family offices across the Americas. Drawing from his experiences, Mark discusses the unique challenges of managing wealth for multigenerational families, the importance of focusing on family dynamics over financial optimization, and strategies for engaging the next generation. The conversation addresses the impact of generational transitions, the nuances of governance, and the evolving landscape of direct investments by family offices in private equity. Furthermore, Mark highlights the importance of listening to family members' needs and creating a positive user experience within family offices to ensure future engagement and success.Connect with MarkConnect with BrianThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

What does the word legacy mean to you? Everyone leaves a legacy, either a default one or an intentional one and Lance Welch's new book, The Legacy Navigator, is a blueprint to create your best legacy possible. Join us for an engaging conversation with Lance Welch, a Certified Business Development Coach with the John Maxwell organization, Certified Behavioral Consultant for DISC Personality Profiles, and author of The Legacy Navigator.Order your copy of The Legacy NavigatorConnect with LanceConnect with BrianThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

What are the unseen emotional investments and risks accompanying family wealth management, and how can families navigate these to ensure generational success?In this episode, our guest is Thomasina Williams, a pioneering family dynamics consultant who specializes in guiding ultra-high-net-worth families through the complexities of generational wealth transition. Thomasina sheds light on the often-overlooked human elements of family wealth, emphasizing the critical need for investment in family relationships and effective communication to safeguard and perpetuate wealth across generations.[00:01 - 07:55] The Overlooked Risks in Family WealthThe internal family dynamics and external economic factorsThe significance of nurturing family relations to maintain wealth across generationsThe role of effective communication in mitigating risks associated with wealth transition[07:56 - 14:34] Communication as a CornerstoneCommunication breakdowns can be the biggest threats to family unity and wealthThe necessity of developing communication skills within family structuresTechniques to improve dialogue among family members to foster a healthier family enterprise[14:35 - 21:29] Conflict Management and Change NavigationStrategies to manage conflicts effectively to prevent long-term damage to familial relationshipsImportance of addressing and navigating generational changes sensitivelyUnderstanding the psychological impacts of unresolved conflicts within family businesses[21:30 - 28:16] Implementing Effective Family GovernanceThe role of governance structures in stabilizing family businessesHow leadership from the top influences family dynamics and business successTechniques for fostering leadership skills among family members[28:17 - 34:14] Tools for Future SuccessIntroduction to practical tools and frameworks to manage family dynamicsThe impact of external consultants in facilitating difficult conversationsFuture directions in family enterprise consulting focusing on women's roles in family businessesKey Quotes:"One of our biggest challenges I think as human beings is just to love people for who they are." - Thomasina Williams"The real investment needs to be in our families, who are the actual bearers of the legacy we wish to preserve." — Thomasina WilliamsConnect with Thomasina!Website: https://www.developfamilyleaders.com/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

How does the trauma embedded in our DNA influence our personal and professional lives, and what can we do to overcome it?In this episode, Monica Clare, a global consultant specializing in conflict management and strategic leadership, shares her profound insights into the impact of individual, intergenerational, and collective trauma on business and personal relationships. With a rich background that blends finance, mediation, and psychological safety, she provides actionable strategies for fostering healthier, more creative, and resilient organizations. The conversation delves into the science behind trauma, the importance of self-awareness, and the transformative power of addressing inherited conflicts.[00:01 - 06:26] Unpacking Conflict: Roots and RecognitionUnderstanding the layers of conflict: personal, familial, and systemicThe role of self-awareness in recognizing and addressing inherited conflictsImportance of acknowledging historical and cultural impacts on personal behavior[06:27 - 12:40] Navigating Through Awareness and AcceptanceThe first steps in conflict resolution are awareness and acceptance of underlying issuesSelf-regulation techniques to manage personal triggersThe significance of personal responsibility in healing and transformation[12:41 - 18:23] Implementing Change: Theory and PracticePractical applications of theories like polyvagal and epigenetics in everyday interactionsThe benefits of creating a supportive environment for open dialogue and self-reflectionHow structured communication practices can alleviate longstanding familial conflicts[18:24 - 24:01] Cultivating Compassion and Establishing BoundariesDifferentiating between empathy and compassion in conflict resolutionThe role of boundaries in maintaining healthy personal and professional relationshipsStrategies for effective negotiation and maintaining boundaries within family businesses[24:02 - 29:54] Legacy and Leadership: Preparing for TransitionPreparing family businesses for generational transitions through effective leadership and legacy planningThe importance of acknowledging and integrating the wisdom of elder generationsTechniques for ensuring smooth transitions and the continued success of family businessesKey Notes:"Responsibility is the ability to respond. If I'm responsible for myself, I'm able to respond to my own reactions, my own issues." - Monica Clare"If you're in a position of leadership, acknowledging that we're all shareholders in humanity's legacy is crucial for transformative leadership." - Monica ClareConnect with Monica!Website: https://www.monicaclare.ca/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

How is the shifting financial landscape affecting estate planning and wealth transfer between generations?In this captivating episode of the Capital Club podcast, host Brian engages with Anthony Venette, Director of Business Valuation & Advisory at DeJoy & Co. Anthony brings to the table his expertise in estate planning and business valuation, particularly focusing on optimizing gift and estate tax strategies for business owners. As the financial world grapples with demographic shifts and changing tax laws, Anthony sheds light on the critical intersection of income tax, estate tax, and business valuation, offering valuable insights into strategic wealth transfer across generations.[00:01 - 08:33] Introducing Anthony VenetteAnthony's role in business valuation and estate planningThe demographic shift impacting business and wealth transferThe importance of understanding the nexus between generations in estate planning[08:34 - 16:01] Navigating the Estate Tax LandscapeUpcoming changes in tax exemption and their impactStrategies for optimizing gift and estate tax planningThe importance of proactive planning in estate management[16:02 - 24:20] Advanced Estate Planning TechniquesThe use of carried interest in estate planningDifferences between European and American waterfall structures in fundsThe strategic benefits of early planning in estate tax optimization[24:21 - 32:12] The Role of Family Offices in Estate PlanningHow family offices can enhance wealth transfer strategiesThe significance of closely held business discounts and appreciation in estate planningThe impact of legal structures on wealth management[32:13 - 38:07] Carried Interest and Derivative SalesIn-depth exploration of carried interest and its role in estate planningUnderstanding the vertical slice rule and carried interest derivative salesThe need for expert guidance in complex estate planning scenariosKey Notes:"We sit at the nexus point between generations, facilitating that handshake from baby boomers to Gen X and millennials." - Anthony Venette"Estate planning isn't just about the numbers; it's about establishing and preserving legacy." -Anthony VenetteConnect with Anthony!Website: https://www.teamdejoy.com/contact-us LinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

Could understanding the dynamics of succession planning in family businesses offer clues to navigating personal and professional transitions more effectively?In this episode, Brian engages with guest Shelley Forsythe in a deep dive into the intricacies of succession planning in family businesses. Shelley, an expert in family governance and legacy planning with BMO Family Office, shares her insights on the importance of early planning, the role of professional advisors, and the emotional complexities involved in handing over the reins to the next generation. The conversation uncovers common pitfalls in succession planning, the significance of communication and external support, and how these elements contribute to the successful transition of leadership and legacy within family enterprises.[00:01 - 07:21] The Art of Succession PlanningSuccession planning in family businesses and its challengesThe importance of starting early and integrating technical and qualitative aspectsThe role of professional advisors in facilitating the process[07:22 - 14:24] Next-Gen Leadership and LegacyPreparing the next generation for leadership rolesBalancing personal passions with family business obligationsThe significance of independent board members in the transition process[14:25 - 22:06] The Family Meeting FrameworkStrategies for effective family meetingsThe importance of neutral venues and inclusive agendasIntegrating fun and meaningful activities to strengthen family bonds[22:07 - 29:14] Navigating Family DynamicsAddressing the emotional aspects of succession planningThe role of family councils in larger family enterprisesAdapting to generational changes within the family business context[29:15 - 37:16] Cultivating a Sustainable Family LegacyThe significance of aligning family values with business goalsUtilizing family councils for generational representation and decision-makingThe role of philanthropy and social responsibility in the family legacyKey Notes:"Succession planning is not just about business transition; it's about preparing the family for a future that sustains their values, legacy, and relationships." - Shelley Forsythe"The best time to start planning your succession is yesterday; the next best time is today." – Shelley ForsytheConnect with Shelley!Website:https://privatewealth-insights.bmo.com/en/experts/shelley-forsythe/ LinkedIn: https://www.linkedin.com/in/shelley-forsythe-fea-cfp-tep-mfa-p-cepa-2171b220/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

Can the right estate planning approach preserve wealth and prevent family discord, or is the dissipation of wealth an inevitable outcome of generational transitions?In this episode, Brian sits down with Syd Walker, an estate planning consultant specializing in serving ultra-high-net-worth families. Their conversation delves into the nuanced world of estate planning, asset distribution, and the evolving concept of generational wealth management. Syd shares his journey from a campus minister and foreign missionary to a trusted advisor in the family office space, offering unique insights into creating actionable plans that resonate with family values and long-term objectives.[00:01 - 06:22] The Evolution of Estate PlanningSyd's transition from ministry to estate planningThe impact of family office conferences on industry practicesThe importance of authentic engagement in wealth management[06:23 - 13:08] Servant Leadership in Wealth ManagementThe concept of a 'servant's heart' in serving wealthy familiesThe role of empathy and understanding in financial advisoryChallenges of aligning family dynamics with wealth preservation[13:09 - 20:14] Personal Stories and Professional InsightsSyd's personal experience with family and wealthCase studies illustrating the scope of his estate planning workThe process and importance of comprehensive family assessment[20:15 - 27:42] Entrepreneurial Journey and Client EngagementSyd's experiences and realizations as an entrepreneurThe significance of problem-solving and education in wealth managementThe process of engaging with families and creating tailored action plans[27:43 - 34:11] Legacy Beyond WealthStrategies for defining and preserving a family legacyThe role of governance and practical legacy in estate planningClosing thoughts on achieving wealth success and maintaining family unityKey Notes:"When you put yourself in the position of a servant, that's exactly how a lot of people will treat you." - Syd Walker“One of the commonly held thoughts on why most families fail is a lack of trust.” - Syd WalkerConnect with Syd!Website:https://www.prosperispartners.com/ LinkedIn:https://www.linkedin.com/in/sydwalker/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

How can high-net-worth individuals protect their digital lives from increasingly sophisticated cyber threats? In this episode, Chris Pierson, a renowned cybersecurity expert, discusses the dynamic and fast-evolving nature of cyber threats, especially against high-net-worth individuals and family offices. They delve into the complexities of digital executive protection, the nuances of cyber risks for corporations versus individuals, and practical steps for enhancing cybersecurity. The conversation illuminates the multi-faceted approach required to safeguard digital assets, highlighting the importance of active defense and the necessity of adapting to the ever-changing cyber landscape.[00:01 - 07:10] The Ever-Changing Cyber Threat LandscapeThe rapid evolution of cyber threats and their impact on families and corporationsThe sophistication of cybercriminals and nation-state actorsThe personal experience of cyber threats by high-profile individuals[07:11 - 14:35] Cybersecurity Dichotomy: Professional vs. PersonalThe disparity between cybersecurity measures in family offices and personal livesThe concept of being a constant target regardless of one's role or positionThe importance of a holistic approach to cybersecurity across all facets of life[14:36 - 21:33] Practical Cyber Defense StrategiesEmphasis on active defense and practical steps to improve cybersecurityThe critical role of education in combating cyber threatsRecommendations for implementing robust cybersecurity measures in daily life[21:34 - 26:32] Balancing Convenience and SecurityThe challenge of reducing friction while maintaining high-security standardsPersonal anecdotes and examples of effective cybersecurity practicesThe relationship between user experience and cybersecurity effectiveness[26:33 - 33:37] Emerging Cybersecurity Trends and Personal InsightsDiscussion on new and not widely reported cybersecurity threatsPersonal routines and practices that contribute to peace of mind in a digital worldThe significance of staying ahead of cyber threats through proactive measuresKey Notes:"Once something is stolen digitally, it's gone forever. That's why protection is so important." - Chris Pierson"The goal is to try to get the individual to move as far as they can into a better place from a cybersecurity and privacy perspective." - Chris PiersonConnect with Chris!Website:https://blackcloak.io/ LinkedIn:https://www.linkedin.com/in/drchristopherpierson/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

How can understanding your family history empower you to make better decisions and create a lasting legacy?Today, our guest is John Seaman, an accomplished author, historian, and entrepreneur who has dedicated his career to helping families and organizations leverage their histories to shape their futures. John shares his unique perspective on the power of family narratives and how understanding the past can drive meaningful and sustainable decisions for future generations. He discusses the importance of going beyond mere genealogy and delving into the rich, complex stories that define a family's values, experiences, and identity.[00:01 - 05:29] The Circuitous Route to Family HistoryJohn's background in academic history and biographyTransitioning from historical consulting to focusing on family enterprisesThe personal anecdote that validated John's path in family history[05:30 - 10:43] The Power of Family NarrativesHow family history binds families together beyond just moneyThe role of family history in decision-makingThe importance of understanding the "why" behind family decisions[10:44 - 16:39] Best Practices for Capturing Family HistoriesGoing beyond genealogy and legacy films to uncover rich, complex storiesThe value of professional research and historical methodologyThe role of family representatives in initiating family history projects[16:40 - 22:18] Navigating Difficult Pasts and Generational DividesThe importance of confronting and learning from difficult family historiesHow younger generations can reimagine family values and find their place in the storyThe potential for difficult pasts to serve as narrative drivers for positive change[22:19 - 31:52] Engaging with Family Histories in the Modern AgeCommon pitfalls and the importance of emotional commitment and trustThe various formats for presenting family historiesThe value of making family histories accessible among family membersKey Notes:"Understanding our past helps us make meaningful and sustainable decisions for our family's future." – John Seaman"A legacy is not just transmitted, but it's also received, and it has to be received for it to carry forward from one generation to the next." - John SeamanConnect with John!Website:https://www.saybrookpartners.com/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Have you ever wondered how inheriting wealth can shape one's life beyond the financial aspects? In this episode, our guest is Chip Fisher, the founder of Ursus Advisory, a consultancy practice dedicated to advising ultra-high-net-worth individuals and their next generations on the nuances of managing inherited wealth. Chip, drawing from his rich background and personal experiences, sheds light on the idiosyncratic yet emblematic stories of families navigating the complexities of wealth. Through candid discussions, the episode explores the transformative journey of understanding wealth's impact on identity, relationships, and societal contributions. [00:01 - 07:56] Exploring Wealth's WatersChip Fisher's journey into the world of wealth consultancyThe significance of understanding one's origins and the impact of wealth on identityThe empathetic approach towards advising ultra-high-net-worth individuals[07:57 - 14:01] Finding Purpose Beyond MoneyThe entrepreneurial mindset as a pathway to meaningful engagement with wealthThe importance of finding purpose and passion beyond financial securityInsights into Chip's approach to offering value and empathy in his consultancy practice[14:02 - 21:57] Navigating Personal ConnectionsThe complexities of relationships within the context of inherited wealthStrategies for fostering authentic connections and avoiding the pitfalls of wealth in social dynamicsChip's reflections on friendship, partnership, and familial bonds in the shadow of affluence[21:58 - 28:46] How to Embrace Simplicity and FulfillmentChip Fisher's philosophy on living a meaningful life amidst wealthThe role of hobbies, interests, and community in enriching one's lifeThe importance of self-care and doing things that bring joy and personal growth[28:47 - 37:11] The Road Ahead for Wealth StewardsThe future of wealth management and the evolving role of advisorsChip's insights into the onboarding process and the journey with his clientsThe significance of self-care and daily practices in maintaining balance and peaceKey Notes:"The greatest thing you could do for yourself is to be well-read and informed." - Chip Fisher"You have to live your life as if the money is not a subject you need to deal with all the time." - Chip FisherConnect with Chip!LinkedIn: https://www.linkedin.com/in/chipfisher Website: https://www.fisherwallace.com/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

What if wealth was more than just financial capital? How do different forms of capital influence wealth transfer and personal growth within family businesses?In this episode, Brian engages with Ambreen Bhaloo, a seasoned family enterprise advisor and coach, in a profound discussion on redefining wealth beyond financial measures. Ambreen brings her unique perspective on wealth, emphasizing the significance of human, emotional, social, and spiritual capital. They delve into the nuances of nurturing next-generation leaders, the complexities of wealth transfer, and the transformative power of self-awareness and mindset in personal and professional growth. [00:01 - 06:02] Wealth RedefinedWealth encompasses more than financial capital; it includes human, emotional, social, and spiritual aspectsThe importance of recognizing and leveraging all forms of capital in wealth transferStories as powerful tools for understanding and conveying the holistic nature of wealth[06:03 - 12:37] Personal Growth and MindsetThe critical role of self-awareness in navigating personal and financial growthHow mindset shifts can dramatically change one's relationship with money and successThe benefits of coaching and mentorship in personal development[12:37 - 18:10] The Power of Vulnerability and CoachingOvercoming the stigma associated with seeking help and the importance of coachingEgo and fear as barriers to growth, and the value of vulnerabilityThe coach's role in facilitating self-discovery and empowerment[18:10 - 24:46] Next-Gen Education and Wealth TransferPreparing the next generation for stewardship of wealth through education and self-knowledgeThe dynamics of family business and intergenerational wealth transferEmpowering women and the younger generation in financial and business matters[24:46 - 30:16] Creating a Legacy of Empowered WealthThe significance of aligning investments with personal valuesThe importance of open communication and creating a safe space for dialogue within familiesEncouraging curiosity and non-judgment in family discussions about wealth and valuesKey Quotes:"Fear is often excitement without breath." - Ambreen Bhaloo“If you have fear, get rid of that fear. Empower yourself. Look at what's underneath the fear and then build the strength.” - Ambreen BhalooConnect with Ambreen!Website: https://www.ambreenbhaloo.com/ LinkedIn: https://ca.linkedin.com/in/ambreenbhaloo This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Can technology redefine how ultra-high-net-worth individuals manage their estates?In this episode, Brian engages with Jonathan B. Fishbeck, the visionary behind EstateSpace, a pioneering platform transforming asset management for the high-net-worth sector. Jonathan shares his journey from a computer science background through to becoming a serial entrepreneur, leading to the inception of EstateSpace. The conversation delves into the unique challenges faced by family offices and the ultra-wealthy in managing their extensive portfolios of properties and assets. Jonathan explains how EstateSpace not only addresses these challenges through innovative technology but also positions itself as a crucial player in risk management and strategic planning for its clientele.[00:01 - 06:33] The Genesis of Estate SpaceTransition from construction to tech entrepreneurIdentifying the gap in asset management for the ultra-wealthyThe foundation and mission of EstateSpace[06:34 - 12:26] Solving Complex ProblemsTailoring solutions for family officesEstateSpace's impact on asset and property managementThe evolution of the platform to meet client needs[12:27 - 18:47] Understanding the Market's NeedsAddressing the ultra-high-net-worth market's challengesThe strategic decision to focus on a niche segmentFeedback and adaptation to client requirements[18:48 - 24:13] Innovations and Forward-Looking StrategiesAdvanced task management and insurance optimizationsEstateSpace's approach to risk management and insurance partnershipsExpanding the platform with AI and financial management tools[24:14 - 31:28] Entrepreneurial Insights and Future OutlookThe importance of understanding market needs and client feedbackEstate Space's growth strategy and upcoming AI initiativeJonathan's advice to aspiring entrepreneursKey Quotes:"At the end of the day, Estate Space is always meant to be easy, secure, and solve the problems of those that they serve." - Jonathan B. Fishbeck"Listening to our clients and partnering with them has been our greatest strength." - Jonathan B. FishbeckConnect with Jonathan!Website: https://estatespace.com/LinkedIn: https://www.linkedin.com/in/fishbeckThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Why do very few of today's wealthiest families trace their fortune back to the magnates of 1900, despite the high investment returns since then?In this episode, Brian delves into wealth sustainability and financial decision-making with Victor Haghani, founder and CIO of Elm Wealth and co-author of "The Missing Billionaires: A Guide to Better Financial Decisions." He shares insights into why many fortunes don't survive across generations, highlighting the importance of smart investment strategies, risk management, and adaptable spending policies. Through an engaging conversation, listeners gain a deeper understanding of the empirical facts and strategic decisions crucial for long-term wealth preservation.[00:01 - 06:34] The Genesis of "The Missing Billionaires"How Victor identified a gap in the financial decision-making literatureThe surprising historical fade of wealth across generationsThe book's impact and relevance[06:35 - 12:16] Deciphering Wealth DissipationThe phenomenon of wealth not persisting across generationsRigid spending policies exacerbate financial vulnerability over timeThe role of risk management and spending policies in preserving wealth[12:17 - 17:59] Risk, Return, and Spending: The Critical TriadHow to diversify investments and avoid overly concentrated portfoliosThe danger of rigid spending policies and the need for adaptabilityA utility function to make informed risk-taking decisions[18:00 - 24:14] The Cultural Aspect of Financial DecisionsGenerational differences in approach to wealth can lead to its dissipationThe importance of entrepreneurial spirit in sustaining family wealthBalancing between growing and preserving wealth across generations[24:15 - 29:06] Future-Proofing Wealth: Strategies and ReflectionsThe importance of aligning investment strategies with personal and familial goalsPractical advice for those facing a liquidity event or starting a family officeThe societal implications of wealth accumulation and preservationKey Quotes:"Every author finds the motivation in feeling that there's a gap that's crying out to be filled." - Victor Haghani"The more risk that you take, the more that you're eating into your compound returns." - Victor HaghaniConnect with Victor!Website: www.elmwealth.com LinkedIn: https://www.linkedin.com/in/victorhaghani This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

How can family businesses navigate the complexities of succession planning to ensure a legacy of success?In this episode of the Capital Club Podcast, Brian sits down with Dan Beenken, Director of the University of Northern Iowa Family Business Center. With over 15 years of experience in succession consulting, Dan delves into the unique challenges and opportunities that come with family business succession planning. From "Jerry Springer moments" to strategic success stories, this conversation sheds light on the importance of communication, preparation, and the delicate balance of family dynamics in business. Listeners will gain invaluable insights into creating a sustainable legacy for generations to come.[00:01 - 08:17] The Genesis of Succession PlanningThe proliferation of family business centers addressing succession planningThe role of external training and networking in enhancing family business consultingIdentifying common succession challenges, such as generational tug-of-war and sibling rivalry[08:18 - 16:10] Navigating Generational TransitionsImportance of trust and letting go for the founding generationAddressing sibling dynamics and power struggles in successionThe critical role of clear communication and planning in avoiding "self-inflicted wounds."[16:11 - 24:08] Building a Framework for SuccessUtilizing peer-to-peer learning for sharing experiences and strategiesImportance of external experiences and roles for successorsThe value of third-party consultants in facilitating difficult conversations[24:09 - 31:44] Case Studies and Success StoriesDetailed case study of a manufacturing firm's succession planningThe impact of in-law dynamics on succession processesStructured approaches to transition planning and role assignment[31:45 - 36:06] Lessons Learned and Best PracticesEarly communication and involvement of next-gen in the businessThe necessity of external work experience for successorsClarity and openness as essential elements for successful transitionsKey Quotes:"For everybody, it's so much easier to hold others accountable than it is to hold yourself accountable." - Dan Beenken"Clear is kind, and unclear is unkind." - Dan BeenkenConnect with Dan!Website: https://unifamilybusinesscenter.com/ LinkedIn: https://www.linkedin.com/in/danbeenken This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

How can the intertwining of personal heritage and business innovation forge a legacy that transcends generations and borders? In this episode, we explore Adam Taki's fascinating family story. With a rich heritage that spans continents and industries, Adam shares his unique perspective on building a bridge between traditional family values and contemporary entrepreneurial ventures. From the origins of his family's business in Japan to the evolution of his investment strategies in the United States, this conversation unveils the layers of challenges and triumphs that come with carrying forward a legacy. Through stories of resilience, strategic innovation, and personal discovery, Adam provides insight into what it means to maintain relevance in an ever-changing business landscape while staying true to one's roots.[00:01 - 06:07] Legacy of InnovationThe significance of family history in shaping business acumenThe transition from traditional Japanese business to Western marketsThe role of personal challenges in driving innovation[06:08 - 14:03] Crafting a Global BrandStrategies for global expansion and brand developmentOvercoming cultural and market barriersThe importance of vision in leadership[14:04 - 23:21] Navigating Personal and Professional GrowthThe interplay between personal identity and business decisionsThe impact of academic pursuits on professional pathsBalancing family legacy with individual aspirations[23:22 - 30:09] Innovative Investment StrategiesThe evolution of investment strategies in a changing economyUtilizing tax lien receivables as an investment vehicleThe importance of adaptability in investment[30:10 - 36:08] Building a Legacy for the Next GenerationThe challenges of living up to a family legacyThe role of mentorship and legacy in entrepreneurshipStrategies for impact investing and creating sustainable valueKey Quotes:"Never stop asking questions, because through them, you find paths to improvement." - Adam Taki"Thinking about your exit when starting a business is not counterintuitive; it's strategic." - Adam TakiConnect with Adam!Website:https://actlien.com/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Have you ever considered how the complexities of the insurance market can impact your personal and business decisions?In this episode, Brian is joined by Kama Moseley from Lockton Private Risk Solutions. With her unique blend of legal expertise and insurance knowledge, Kama delves into the unprecedented challenges of the current insurance market. They explore how severe weather events, interest rates, and inflation are reshaping insurance strategies, especially for ultra-high-net-worth individuals. Kama shares insightful tips on navigating this turbulent market, emphasizing the importance of comprehensive risk management and the role of insurance in legacy preservation.[00:01 - 08:08] Introduction to Kama Moseley and LocktonKama's background in law and insuranceLockton's status as a privately owned company influences its operationsLockton's unique position in the insurance market[08:09 - 15:17] Discussing the Hard Market in InsuranceUnderstanding of what a hard market in insurance meansHow clients are affected by rising premiums and policy changesThe importance of having a knowledgeable broker in tough markets[15:18 - 22:08] Private Risk and Liability ConcernsThe evolving nature of private risk insuranceThe significance of liability coverage in protecting assetsStrategies for managing personal risk[22:09 - 30:00] Breaking Down Insurance TermsClarity on fundamental insurance termsInsight into the reasons behind rising premiumsThe potential future trajectory of insurance costs[30:01 - 38:30] Liability and Risk Management StrategiesThe need for comprehensive risk managementThe role of insurance in legacy preservationEffective strategies for ultra-high-net-worth individualsKey Quotes:"In an unprecedented hard market, it's about finding new avenues to manage risks effectively." - Kama Moseley"Insurance is not just about premiums; it's about understanding and covering your true risks." - Kama MoseleyConnect with Kama!Website:https://global.lockton.com/co/es LinkedIn: https://www.linkedin.com/in/kamamoseleyThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

How can reframing the purpose of wealth and family offices lead to a more meaningful and impactful legacy?In this episode, Brian delves into a conversation with Jill Barber, President of CYMI Holdings, and Greg McCann, Co-Founder of Generation 6 Family Enterprise Advisors. They explore the evolving landscape of family offices, emphasizing the shift from traditional wealth management to a more holistic approach centered around family well-being and purpose-driven wealth. The dialogue uncovers the challenges and potential of family offices in nurturing both financial success and family harmony, highlighting the importance of leadership, culture, and reframing wealth. Let's dive in![00:01 - 00:10:24] Rethinking Family Office Fundamentals Challenges in the traditional family office modelThe importance of shifting focus from wealth to individual family membersExploring new models for family offices centered on individual and family well-being[10:25 - 20:42] Leadership and Culture in Family Offices The role of leadership in shaping family office cultureBuilding a culture that values both individual and collective growthThe impact of internal culture on family dynamics[20:43 - 30:26] Wealth, Well-being, and Family Harmony Balancing wealth management with family member well-beingStrategies for addressing family dynamics and conflictsThe importance of understanding the family's purpose and values[30:27 - 40:10] Innovation and Reframing in Family Offices Innovative approaches to managing family officesThe concept of reframing wealth and its purposeEncouraging entrepreneurial spirit within the family structure[40:11 - 45:10] Practical Applications and Future Outlook Practical tips for implementing change in family officesThe importance of ongoing adaptation and learningFuture trends and potential shifts in the family office landscapeKey Quotes:"When you change one person in the system or one part of the system and the whole system changes." - Jill Barber"Owning your strengths, weaknesses, and blind spots is just part of being a great person and leader." - Greg McCannBook: Reshaping Reality: Unlocking the Potential of the Single Family OfficeConnect with Jill!LinkedIn: https://www.linkedin.com/in/jill-barber-22b6404 Connect with Greg!LinkedIn: https://www.linkedin.com/in/greg-mccann-039a3a7 This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

How can understanding and evolving the family business owner roles and responsibilities support long-term success and sustainability? In this episode, Nick Di Loreto, a Partner at BanyanGlobal Family Business Advisors, talks about the complexities and challenges of generational transition in family businesses. With his extensive experience in advising private family businesses, he delves into the nuances of ownership, the importance of defining roles, and the development of effective strategies for both current and future generations.[00:01 - 06:23] - The Journey into Family Business AdvisoryNick's personal background and entry into family business advisoryThe unique nature of family businesses compared to other corporate structuresInsights into the transition from unawareness to becoming a key advisor in the field[06:24 - 13:57] - Defining Effective Ownership in Family BusinessesThe importance of understanding the concept of ownership and its impact on business successThe ten core competencies required for effective ownershipHow ownership roles and expectations influence family business dynamics[13:58 - 18:40] - The Dynamics of Roles and ResponsibilitiesThe various types of owners within a family business and their rolesHow defining owner roles can prevent conflict and foster better decision-makingThe significance of clear communication and role expectations in a family business setting[18:41 - 26:10] - Building Competencies and Overcoming InertiaStrategies for developing competencies among family business ownersThe challenge of overcoming inertia and generational gaps in family businessesThe role of external education and resources in enhancing owner skills[26:11 - 32:06] - The Future of Family Business: Adaptation and GrowthThe need for family businesses to adapt to changing roles and market conditionsThe importance of structured governance and decision-making processesThe evolution of family businesses and the impact of external influencesKey Quotes:“What no one really tells you is that you can hire managers and board members, but you can't hire owners and family members. So focus on developing as owners and family members, because those roles are irreplaceable.” - Nick Di Loreto“The process is as, if not more, important as the outcome.” - Nick Di LoretoConnect with Nick!Website: https://banyan.global/ LinkedIn: https://www.linkedin.com/in/nicholasadiloretoThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Money is often a taboo topic that causes stress and anxiety. In this episode, Maggie Klokkenga, a financial coach who helps people improve their relationship with money, explains that our habits around money often stem from childhood and the messages we internalize from our parents. These "money scripts" continue to influence how we think and act with finances unconsciously. She discusses techniques to rewrite those money scripts and make more conscious, values-aligned choices about spending and saving.Maggie Klokkenga is a CERTIFIED FINANCIAL PLANNER™, CPA, AFC®, and the founder of Make a Money Mindshift, a financial coaching firm in central Illinois. Maggie has been in the financial services industry for over 25 years, and she teaches that once you discover your WHY, you can adjust your mindset and change your HOWs to achieve your WHATs.[00:01 - 09:19] Why Money Remains a Taboo TopicSocietal attitudes that discourage open conversations about money often root back to childhoodThe familiar discomfort when discussing income and finances even with family membersMoney scripts learned from parents continue influencing our financial behaviors unconsciously[09:20 - 21:44] Techniques for Rewriting Money MindsetsMaggie uses "Money Script Thought Ladders" to help shift limiting mindsets graduallyThis model triggers awareness of emotional charges and physical reactions related to money talkPractice pauses and breathing, grounding skills to reduce anxiety in money contexts[21:45 - 29:58] Current Pain Points Around Personal FinanceHigh-interest debt from credit cards charging 25-30% is distressingly commonThe re-emergence of federal student loan repayments after the pandemic pause is a rude awakeningLack of basic financial literacy education feeds confusion and erodes confidence[29:59 - 39:23] Coaching Women in Financial TransitionListening without judgment, letting them process emotions and "word vomit" initiallyTackling logistical money issues first before examining feelings more deeplyAvoiding analysis paralysis by celebrating tiny money victories consistentlyKey Quote:"It's so uncomfortable for our brains to make change. Our brains want us to stay safe... Until something almost thrusts us into a new experience." - Maggie Klokkenga Connect with Maggie Klokkenga!Website: https://makeamoneymindshift.com/ LinkedIn: https://www.linkedin.com/in/maggie-klokkenga-cpa-cfp/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Buckle up for an inside look at the complex world of private jets. Host Brian Adams talks with FlyExclusive President Tommy Sowers about his unusual path to leading one of the nation's top charter companies. They turbulence-proof your understanding of this fragmented industry, from dodging shady operators to knowing when to pull the trigger on buying your own plane. Along the way, Tommy shares what powers flyExclusive's journey from startup to industry rocketship. But it's not all clear skies—they also unpack hair-raising risks like safety gaps and crippling cash burn.The Honorable Tommy Sowers, Ph.D., serves as President of flyExclusive expanding on a career in entrepreneurship, academia, the military and public service. He is a graduate of Duke University and received his Masters and Ph.D. from the London School of Economics. A U.S. Army Green Beret combat veteran, Sowers previously served as an Assistant Secretary of the U.S. Department of Veterans Affairs. He co-founded and was Chief Executive Officer of Durham and San Francisco-based GoldenKey and was a management consultant at McKinsey & Company. Tommy most recently served as the Southeast region lead for innovation for the U.S. Department of Defense and taught innovation and entrepreneurship at Duke University.[00:01 - 06:23] Growth and Fragmentation of the Private Aviation IndustryTommy's unconventional path to becoming President of flyExclusive after an exitThe founding and bold vision of flyExclusive to build a large operation in a small NC townFlyExclusive has grown from 1,838 to 2nd largest by flight hoursThe industry remains fragmented with high barriers to M&ACapital intensity contributes to fragmentation[06:24 - 17:59] Projecting the Future and Evaluating ProvidersBoom during pandemic but expects cyclical normalizationKey criteria: safety ratings, mission match, maintenance reliabilityAssess strategy/longevity, get on a plane to inspect qualityComplicated business prone to cash burn - warning signs[18:00 - 21:38] Plane Ownership ConsiderationsSafety issues are an obvious non-starterAround $10M+ net worth is the typical thresholdTime savings and flexibility main benefits of outright ownershipKey Quote:"Our founder likes to say, once you try private, it's hard to go back." - Tommy Sowers Connect with Tommy Sowers!Website: https://www.flyexclusive.com/ Email: tommy@flyexclusive.com This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Running a successful multi-generational family business is no easy feat. The statistics are daunting—only about 30% survive into the second generation and a mere 12% operate into the third. So what sets the thriving minority apart? In this episode, third-generation business owner Rodrigo Himiob draws upon his personal experience navigating the familial complexities of business to provide some keen insights. Discover what Rodrigo has identified as the core component for harmoniously carrying on an enduring family legacy.Rodrigo Himiob is a family business advisor who embraces a collaborative, process-improvement approach to solving complex business problems. Venezuelan-born, Rodrigo is a third-generation business owner whose expertise encompasses executive leadership, operations, project management, and strategic planning. His academic training as an engineer and experiential knowledge as a family business advisor differentiate him as a service provider, and his ability to move people as harmonic units toward a common goal augments his value as a board member.[00:01 - 06:08] Rodrigo's Background and Journey into Family Business Consulting3rd generation family business owner in VenezuelaStudied engineering but always had a passion for family businessesProvides perspective as an owner who wants to carry on the legacy[06:09 - 20:04] Bringing in Advisors to Prevent Bigger Issues The trigger is often an acute moment of anxiety - death, retirement, turmoilAdvisors are usually brought in to put out fires instead of proactivelyBest to bring in advisors early to prevent bigger issues down the lineRules and meeting agreements facilitate better communication[20:05 - 25:20] Non-Family Dynamics and Red FlagsImportant to give spouses and trusted advisors a voiceBuilding shared base knowledge enables productive discussionsRed flags - legal disputes and overly pushy family member[25:21 - 33:22] Professionalizing the Family EnterpriseThoughtful process for bringing in outside executivesHave buy-in from family for major decisionsFrequently reassess board competencies as the company evolvesNeed to move from a "country club" to a proper institutionalized boardKey Quote:“Focus on what your points of unity are. Work toward those because that's ultimately what we're trying to build.” - Rodrigo Himiob Connect with Rodrigo Himiob!Website: https://generation6.com/ Email: rhimiob@generation6.com This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

For families with great wealth, financial capital is just table stakes. The real challenge is the human element—how families relate to each other across generations. In this conversation, Aileen Miziolek provides concrete strategies for helping family members better communicate, resolve conflicts, and build partnerships.Aileen Miziolek helps families use their wealth intentionally, with meaning, purpose, and direction to create the fulfilling lives they desire. She is a guide to business-owning families and families of means who are navigating the unique opportunities and challenges of inter-generational wealth transfer, business succession planning, estate planning, and philanthropy. Aileen brings a multi-disciplined and integrated approach to her work, including 20 years of experience in complex financial and estate planning, family systems coaching, and family business consulting. She is the co-author of Inspired Wealth, Financial Leadership for the 21st Century, and believes that all families can learn the skills to flourish at the intersection of wealth, personal well-being, and positive family relationships.[00:01 - 06:44] Early Days and Evolution of Aileen's Work Started as an entrepreneur during the Great RecessionBecame a financial planner focused on family businessesWrote the book Inspired Wealth about integrating coaching and mindset work[06:45 - 20:25] The Power of Systems Coaching and Relationship SkillsSystems coaching works with the whole family, not just individualsTeaches critical relationship skillsFocuses on co-creating, adapting togetherManaging conflict and staying curious[20:26 - 34:21] Working with Sibling TeamsDefine partnership, create a shared visionUtilize complementary strengthsEstablish trust and belief in each otherValidate differences but nurture collaboration[34:22 - 44:00] Coaching Program with a Financial Planning ProcessCreating a process for people to understand their financial goalsFacilitating communication in familiesThe mission to grow wealth sustainabilityKey Quote:“The fastest way to destroy wealth is conflict in families.” - Aileen MiziolekConnect with Aileen Miziolek!Websites: https://aileenmiziolek.com/ and https://www.thefbcg.com/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

What does it take for a family business to successfully transition ownership and leadership across generations while retaining familial bonds? In this episode, third-generation business owner Todd Garretson shares his wisdom on intentionally building cultures grounded in shared purpose and values to ensure harmony and growth for the long haul.As a former executive in a 75M manufacturing family business he co-owned and eventually sold, Todd Garretson brings multi-generational perspectives to his specialty advisory firm serving family enterprises. With over 20 years of leadership experience across strategy, culture, and organizational development, Todd provides invaluable guidance to founder-led and privately held companies approaching ownership/leadership transitions.[00:00 - 12:32] Embedding Family Values into Business CultureCreate intentional design for the desired cultureDefine the purpose of uniting families across generationsUse values to guide behaviors and decisions[12:33 - 21:07] Building Trust Through Communication NormsEstablish "being together" principlesHelp family members understand communication stylesAdapt methods for cross-generational leadership[21:08 - 31:07] Aligning Strategy and CultureCulture and strategy must work in syncLeadership signals shape strategic cultureValues embedded enable strategy execution[31:08 - 43:39] Leadership Development as Succession PlanningInvolve the next generation in enterprise soonerCreate internal leadership development programsTailor messages for cross-generational preferencesKey Quote:"Wherever people gather, whether it be in a team setting, whether it be your family, whether it be an organization or a community group, there's a culture that's forming and we know that culture is either going to be by design or it's going to be by default." - Todd Garretson Connect with Todd Garretson!Website: https://www.circlemakers.co/LinkedIn: https://www.linkedin.com/in/toddgarretson/Email: todd@circlemakers.coThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian is joined by international tax and immigration experts David and Mel to discuss the complex process of obtaining an alternative citizenship or residence for high-net-worth individuals concerned about global instability. They outline common motivations, provide real client examples, explain key planning considerations around taxation and inheritance, and offer best practices for anyone exploring this route.[00:00 - 08:20] - Wealthy Americans Seek Second PassportsHow U.S. citizenship-based taxation complicates moving abroadCitizenship by investment involves complexitiesExiting U.S. citizenship triggers serious exit tax and inheritance implications[08:21 - 22:07] - Holistic Approach to International Living and Tax PlanningIndividual situations vary, requiring tailored plans for optimal tax efficiencyBalance lifestyle and tax efficiencyConsider financial, family, and future aspects in holistic reviews[22:08 - 31:53] - Understanding Inheritance Tax in Expatriation PlanningStrategy involved the pre-transfer of assets before considering U.S. trust for childrenCovered expatriate classification lasts a lifetime, posing post-expatriation challengesAmerican exceptionalism in taxation requires a specialized expatriation approach[31:54 - 44:06] - Global Living and CitizenshipEngage experts early for insights on global movesCollaborating with specialists ensures comprehensive guidanceIdentifying the deal breakers to alternative citizenship[44:07 - 53:08] - Global Wealth Strategies for High-Net-Wage IndividualsExplore alternative citizenship for financial flexibilityConsider political uncertainties and potential tax changesFactors like healthcare access and education influence decisionsKey Quote:"One of the keys is to have a plan that works for all the family members, especially when you're dealing with multiple generations." - David LesperanceConnect with David & Mel!Websites: https://lesperanceassociates.com/ and https://melvinawarshaw.com/Email: Melvin.warshaw@gmail.com and david@lesperanceassociates.com This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Challenging the notion that pain is purely negative might empower us to reach our highest, happiest selves.In this episode, Dr. Julia DiGangi discusses how we can use emotions, even difficult ones like fear and anxiety, to unlock greater confidence, resilience, and meaning in our lives. She provides a neuroscientific perspective on integrating our emotional and behavioral systems to increase personal power.Dr. Julia DiGangi is a neuropsychologist expert in the connection between the brain, leadership, and emotion. Her lab and clinical work have been conducted at Harvard, Columbia, Georgetown, the University of Chicago, and more. She has worked with leaders at the White House Press Office, global companies, international NGOs, and US Special Forces. Her book, Energy Rising, is published by Harvard Business Review Press and will be released September 2023.[00:00 - 07:15] Emotions Direct BehaviorEmotions are neuroelectrical impulses communicating behavioral directivesIntegrating emotion and behavior increases personal powerSevering emotion from behavior causes depletion [07:16 - 21:45] Emotional ContagionEmotions spread unconsciously between peopleStruggling team members affect the leader's emotionsBy matching low emotions, leaders lose their leadership role[21:46 - 27:03] Emotions Create MeaningExternal rewards often leave emotional emptinessProblems feel problematic because of associated negative emotionsEmotions mediate questions of success, meaning, and purpose[27:04 - 36:02] The Harm of AvoidanceExternal rewards often leave emotional emptinessNegative emotions define problems, shift emotions to shift problemsAvoidance requires self-betrayal and accrues distrust[36:03 - 50:32] Releasing Trapped EmotionExposure therapy releases emotion trapped from traumaNeural patterns compel harmful avoidance behaviorsSocial support provides space to heal emotional injuriesKey Quote:“One of the most powerful things we can do in this lifetime is integrate our emotional system with our behavioral system." - Dr. Julia DiGangiConnect with Dr. Julia DiGangi!Website: https://drjuliadigangi.com/LinkedIn: https://www.linkedin.com/in/juliadigangi/This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian C. Adams is joined by Emily Bouchard, head of PNC Private Bank Hawthorn's Institute for Family Success. They discuss topics involving blended families, multi-generational dynamics, family meetings, next-generation engagement, and resilience-building. Emily draws on over 20 years of experience coaching affluent families to provide insights and best practices around the intersection of wealth and communication.[00:00 - 08:50] - Emily's BackgroundEmily has a Master's in social work and specializes in family systemsGot into the field by working at a therapeutic camp and children's hospitalsRecruited by a family office services firm 20 years ago[08:51 - 15:52] - Working with Blended FamiliesBlended families face complex step-family dynamicsCreating a "family code of arms" can help define values when togetherBringing people together and supporting each other through shared experience and challengesRegular, open conversations about finances is key[15:53 - 28:09] - Holding Productive Multi-Generational MeetingsMix strategic talks with enjoyable activitiesNeed an agenda but also a "cooler" for parking issues to address laterAddress unexpected topics using a "yes and" approach.A professional facilitator aids effective communication[28:10 - 42:52] - Building Resilience and Engaging Next GensRising generations tend to have higher emotional intelligenceUse curiosity, not judgment, when they share vulnerable perspectivesGive them responsibility matched with empathy and supportKey Quote:"When you have an agenda, you want to have an agenda ahead of time, and you want to look for input from everybody who's attending and give everybody a chance to put their input in." - Emily BouchardConnect with Emily Bouchard!Website: https://www.pnc.com/en/personal-banking/private-bank/hawthorn.htmlLinkedIn: https://www.linkedin.com/in/emily-bouchard-5a9a049/This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Small daily improvements create an edge in managing money. In today's episode, Jeremy Kokemor joins the show to discuss long-term investing in high-conviction public stock portfolios. We explore how Jeremy's childhood experiences shaped his investing philosophy, the benefits of thinking like a business owner, and how continuous learning and self-improvement pay dividends in long-term investing.Jeremy Kokemor founded Right Tail Capital: a concentrated, fundamental equity investment firm based in Richmond, Virginia. Jeremy loves helping people with their investments through owning high-quality, under-valued companies for the long term. Jeremy grew up in New Orleans, Louisiana prior to attending the University of Virginia and Harvard Business School. He then worked with several fantastic investors at global mutual fund company T. Rowe Price before managing concentrated portfolios at Private Advisors and Thompson, Siegel & Walmsley[00:00 - 09:49] - Early Life Lessons in InvestingParents' divorce and family financial struggles showed the value of education and hard workWorked jobs throughout childhood and adolescence to pay for schoolJeremy's grandfather introduced concepts of investing through his stock portfolioJoined respected investment management company T. Rowe Price out of business school[09:50 - 21:19] - Jeremy on Launching His Own FundThe critical factor was the support of his wife and three kids at homeHaving the right mix of investing experience and energy in his careerNamed fund "Right Tail Capital" to represent excellent returns and focus on high qualityFocuses on higher quality businesses, strong management, durable compounders[21:20 - 29:49] - Thoughts on Current Investment StrategyAlways be aware of the status of the macro environmentKeep an eye out for great investment opportunities - they are always thereCreating the environment to produce great investment results[29:50 - 35:41] - Questions to Ask Yourself for Better InvestingWhat type of investing feels comfortable to you?How do you and your investment manager align?Key Quote:"I'm always trying to get a little bit better. And that could pertain to a lot of different things." - Jeremy KokemorConnect with Jeremy Kokemor!Website: https://www.righttailcapital.com/ LinkedIn: https://www.linkedin.com/in/jeremy-kokemor-righttailcapital/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

After years of leading companies that made headlines but took a toll on his personal life, Reed realized developing employees was most rewarding. Now an executive coach, he helps leaders maximize productivity by supporting staff's whole selves. Reed has spent the last 15 years in startups and turnaround across various industries, and his passion always came back to one thing: developing the people, personally and professionally, within his companies.[00:00 - 11:33] - From Profits to People: Shifting Business PrioritiesReed focuses on improving the 3P's - people, processes, and productsCaring about people drives better business outcomesGetting people to open up about personal struggles has value[11:34 - 20:46] - Coaching Leaders to Be Their Best SelvesDeveloping people can unlock huge latent productivityHelps leaders enhance strengths versus radical changeWhat it means to provide space for vulnerability and reflection[20:47 - 33:36] - Cultivating Fulfillment in Work and LifeComparison between men and women in openness and vulnerabilityMen's retreats show peers have similar strugglesDifferentiate between transactional and relational connectionsCelebrate focused productivity over constant "busyness"[33:37 - 45:41] - Comfortable Space for Vulnerability and GrowthThe importance of reciprocated opening up to your friendsSocietal roles and economic pressure can cause neglect in other areasSustainability is key to cultivating better habits; do not be stagnantKey Quotes:"If you truly care about the people that you're working with, it's amazing what you can get done there." - Reed Koehler"How we operate outside of work is also how we operate inside of work." - Reed KoehlerConnect with Reed Koehler!Website: https://www.thekoehlergroup.co/ LinkedIn: https://www.linkedin.com/in/reed-koehler-31113818 This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

How do we thoughtfully structure family philanthropy to maximize impact? In this episode of the Capital Club podcast, host Brian Adams interviews Dr. Sharilyn Hale, an expert on generational wealth, philanthropy, and governance. Sharilyn explains the landscape of philanthropy options today, best practices she sees amongst successfully generous families, common pitfalls to avoid, and how to partner with the right advisors.Dr. Sharilyn Hale helps those who give, give well, engage their families, and channel their wealth and influence for good. Leading philanthropists, multi-generational families, and social purpose organizations across North America and the Caribbean look to Sharilyn's expertise in philanthropy, corporate and family governance, and community development to become more thoughtful and confident givers at a time when their generosity is needed more than ever.[00:01 - 06:00] The Changing Face of PhilanthropyThere are more options than ever to "do good" - from traditional charity to impact investingYounger generations want alignment across investments, business practices, and philanthropyFor families, philanthropy builds capacity and brings them together[06:01 - 14:43] Best Practices for High-Impact Giving and Good GovernanceCommunicate clear purpose in the family wealth spaceChildren are never too young for parents to talk about givingPhilanthropy conversations tie into broader family governance[14:44 - 26:28] The Secrets of Successfully Generous FamiliesCraft an intentional dual mission for community and family and establish clear roles and responsibilitiesPlanting the seeds to the younger generation of how giving is a joyful actBe thoughtful in your approach - there is no one-size-fits-all[26:29 - 41:41] Taking Current Giving to the Next LevelUnderstand motivations, hesitations, and past experiences first then co-design a structure suited to family complexityLack of coordination across advisors risks missing key considerationsAdvisors should be honest and families should be candid with their current statusKey Quote:“Philanthropy has an important role to play in building bridges and to remind us all how we need each other. And society only works when we're all able to be there together and to be successful together.” - Dr. Sharilyn HaleConnect with Dr. Sharilyn Hale!Website: www.watermarkpc.com LinkedIn: https://www.linkedin.com/in/sharilynhale/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In today's episode, we welcome Louis O' Connor, our distinguished guest appearing for the third time. As the Managing Director of Truffle Farms Invest, Louis invites private investors to join him in a unique truffle farm venture in Ireland, promising passive income for 30 to 40 years. With notable features in publications like The New York Times, Louis has previously discussed rare earth and strategic metals. Now, he introduces us to the fascinating truffle farming—an exotic investment that has caught our attention.[00:00 - 08:16] - The Roots of Truffle Farming and Market DynamicsLouis began truffle farming in 2005 A striking stat hints a possible 78-100% decline in truffle harvests in the next 50 yearsIreland's nearness to Shannon Airport and the rising global demand for truffles position it as a key player in the global truffle supply chain[08:17-15:20] - Truffle Cultivation UnveiledApplying horticultural advancements to cultivate truffles in a farm setting while preserving the natural symbiosis between the fungus and the tree's rootsEnsuring proper biosecurity to prevent mismanagement and maintain optimal conditions for truffle growthIrish truffles uniquely meet the rising demand in high-end global restaurants through sustainable cultivation practices[15:21 - 26:28] - Investing in Truffle Farms in Ireland Investment of $30,000 for 400 truffle trees and a guaranteed return upon harvestWith a 70-30 split, investors enjoy 70% of gross profits, translating to an average annual return of 25-29% over 35-40 yearsIdeal Retirement Spot: Emphasizing safety, European charm, and expansive landscapesKey Quote:“The market dynamics involve a combination of high demand, decreasing supply, and the unique advantage of our Irish truffle production, making it a noteworthy investment opportunity." - Louis O' ConnorConnect with Louis O Connor!Website:https://trufflefarminvest.com/Email: louis@trufflefarminvest.comLinkedIn: https://www.linkedin.com/in/louis-o-connorThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Today, we have Elizabeth Bagger as our guest. She is the founder of Avanti Family Business Advisory and a board member of her family business. Given her diverse international background and expertise in various subjects, our discussion explores Elizabeth's perspectives on handling family dynamics, promoting family connections, engaging family members, and embracing a comprehensive approach to business and personal well-being.[00:00 - 13:56] - Navigating Family Dynamics: Insights from a Family Business ExpertHow Elizabeth combines her global experiences with family business expertise Learn the difficulties of being a family business advisor and its complex dynamicsDiscover why good communication is crucial for family businesses[13:57 - 24:50] - Fostering Family Bonds and EngagementEngage in open conversations with the next generation's aspirations and dreamsCultivate an atmosphere of patience and genuine dialogue for transparent discussionsLet the family regroup and find common ground prior to reviewing the succession plan[24:51 - 35:10] A Holistic Approach to Business and Personal HealthFocus on family values by defining its purpose and mission Create a plan for how the family owns, communicates, and conducts meetingsResolve communication issues with guided conversations between different generationsKey Quote:"Clear communication is vital within families. It's essential to establish a specific time and place for discussions. When and where should these conversations take place?" - Elizabeth BaggerConnect with Elizabeth Bagger!Website: https://avanti-fba.com/LinkedIn: linkedin.com/in/elizabeth-bagger-3b91453This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Ever wondered about the true potential of AI, its impact on our lives, and the fine line between innovation and regulation? In this episode, dive into a conversation with Daniel Jeffries, Managing Director of the AI Infrastructure Alliance. From debunking AI myths to navigating the delicate balance of open-source innovation and risk aversion, we explore the dynamic landscape of technology. Join us as Dan shares insights on the global narrative surrounding AI, the importance of open societies, and why embracing new tech is the key to societal prosperity. [00:00 - 11:49] - A Balanced Perspective on AIAI, like any technology, spans from good to evil in its applicationsConcerns about AI harm are viewed as attempts to hinder competitionSocietal benefits of AI: material science advancements and improved healthcare diagnostics[11:50 - 25:50] - Open Source AI Development and RegulationOpen-source AI development is crucial for innovation and progressMisuse of AI should not hinder open development but be addressed through lawsThe GDPR and EU AI Act may stifle open source and smaller firms[25:51 - 32:19] - AI Agents and SingularityAI agents are smart applications designed for real-world tasksAgents enhance efficiency for individuals and small businessesSkepticism surrounds the feasibility and timing of the singularity concept[32:20 - 40:51] - Personal Growth and Self-Improvement Change requires addressing real problems, not just relying on positive thinkingOvercoming depression involves ending toxic relationships and self-reflectionClarity in thinking is crucial to distinguishing real from imaginary issuesResource MentionedThe Turning Point for Truly Open AI is NowKey Quote:"Every technology in history can be used for good, bad, and everything in between. Everything exists on a continuum of good to evil, and it's a spectrum." - Daniel JeffriesConnect with Daniel Jeffries!Substack: https://danieljeffries.substack.com/Website: https://ai-infrastructure.org/Twitter: https://twitter.com/dan_jeffries1?lang=enThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Hosted on Acast. See acast.com/privacy for more information.

Unravel the intricacies of charisma, explore the organizational DNA through the lens of fractals and dysfunction, delve into the science of innovation, and uncover the disciplined approaches to fostering creativity. Our guide on this exploration is Judah Pollack. He is an author and executive coach who has worked with everyone from Army Special Forces to the Founders of Airbnb to social good founders. [00:00 - 09:40] - Unveiling the Three Pillars of InfluenceDiscovering the power of charisma and unraveling its mysteriesHow the 3-part framework —power, presence, and warmth—synergize to form a compelling charismaWhy a harmonious blend of the three elements is essential for effective leadership and fostering genuine connections with others[09:41 - 22:33] - Organizational DNA: Fractals, Dysfunction, and Leadership PatternsThe paradoxical allure of military experiences in non-military career circlesDrawing parallels between fractal patterns and a company's foundational DNACreating an environment where open communication and problem-solving can thrive[22:34 - 33:03] - Innovation: Brain Science, Breakthroughs, and Creative HabitsUnderstanding the brain's intricate networks that drive innovative thinkingThe significance of creating a workplace culture that values and encourages innovative thinkingEmphasizing the transformative impact of consistent actions and disciplined routinesBuilding new neural connections by introducing creative habits and new information[33:04 - 49:54] - Finding Clarity and Inspiration in NatureNavigating effective brainstorming on structure, silence, and breakthroughsWhat it takes to invite the state of flow - timing, taking notes, and walkingThe mountain's timeless and grandiose nature as a reminder of life's fleeting momentsKey Quote:“I prioritize not getting entangled in minor issues, instead choosing to glance up at the mountain and affirm to myself, It's all good.” - Judah PollackConnect with Judah Pollack!Website:Judahpollack.comLinkedIn: linkedin.com/in/judah-pollack-55a53712This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian C. Adams is joined by Adam Jason, a partner at Legacy Group, an alternative investment firm with over $50 million in assets under management. They discuss investing in Latin America, specifically Colombia, and the opportunities and challenges of allocating capital in the region. Adam shares his personal journey of relocating from the U.S. to Colombia to pursue entrepreneurial ventures, and provides an inside look at Legacy Group's flagship investment in Colombian coffee production.[00:00 - 07:55] - Adam's Journey to Investing in ColombiaAdam's background as a capital markets attorney in the U.S.Taking a trip to Colombia and seeing investment opportunitiesDeciding to relocate and pursue entrepreneurial ventures[07:55 - 13:35] - Why Colombia Represents the Next FrontierLatin America gets a fraction of the investment that China doesCapital restraints limit productivity currentlyRecord foreign direct investment flowing into Colombia[13:35 - 18:48] - Providing Access for U.S. InvestorsLegacy Group fills the gap for overseas deal accessStarted with the Green Coffee Company and coffee productionNow have over 450 U.S. investors and $65M raised[18:48 - 30:45] - Legacy Group's Coffee Production BusinessFragmented industry ripe for consolidation and upgradesNow the largest coffee producer in ColombiaGoal to take the business public within a few yearsKey Quote:"95 percent of all the coffee farmland here in the country is owned by farmers that have five acres or less." - Adam JasonConnect with Adam Jason!Website: https://legacy-group.co/ and https://gcc-coffee.com/LinkedIn: https://www.linkedin.com/in/adam-jason-98a22612/This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian C. Adams is joined again by Louis O'Connor to provide an update on the strategic metals and rare earth elements market. They discuss how China has cornered the market for many rare earths and is now using that dominance for geopolitical leverage. Louis provides background on how China came to control rare earth production and processing, the challenges for the West to build out alternate supply chains, and how current tensions are impacting prices and stockpiling. He shares thoughts on investment opportunities during the supply gap period and key trends for investors to watch in this critical market.[00:00 - 07:17] - Understanding Rare Earths and China's DominanceDefining strategic metals and their uses in everyday techHow China came to control rare earth production and processing since the 1980sChina has restricted exports of some rare earths recently for geopolitical leverageThe challenges for Western nations to build alternate supply chains[07:18 - 14:52] - Challenges in Mining and Processing Outside ChinaThe environmental and regulatory hurdles around mining and processing rare earthsThe current lack of expertise in rare earth engineering and processing in the WestInitiatives like the Inflation Reduction Act to promote domestic capabilitiesBut building alternate supply chains likely to take 10-20 years[14:53 - 23:26] - Geopolitical Tensions Impacting Rare Earths MarketHow China's export restrictions are impacting prices and stockpilingPotential for more Chinese export limits this yearThe race to reshore semiconductor manufacturing as part of the supply chain battleEurope's Critical Minerals Act to reduce dependence on China[23:27 - 33:43] - Investment Opportunities and OutlookThe investment thesis and opportunities around strategic metalsSigns to watch for growing momentum and demand in this marketPossible downside scenarios that could hurt rare earth investmentsKey takeaways for investors looking at this spaceKey Quote:"China pretty much has won the war when it comes to rare earths. We in the West now wait in line for what China will release after they satisfy their own domestic quotas." - Louis O'ConnorConnect with Louis O'Connor!Website: www.strategicmetalsinvest.comLinkedIn: https://www.linkedin.com/in/louis-o-connor-a583341b8/This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian interviews Dr. Richard Orlando, an advisor specializing in working with high net worth families and family enterprises. They have an insightful discussion about the role of "love" in managing family wealth across generations.Dr. Orlando explains his philosophy of "whole family advising," which involves viewing the entire family, not just the wealth creator, as the client. He stresses the importance of understanding and connecting with clients' core values and purpose beyond just their financial assets. Dr. Orlando shares tactics for facilitating open communication, aligning estate plans with values, and defining "legacy" more broadly than just wealth transfer. They also discuss how to foster happiness and meaning for heirs so they can inherit positive mindsets rather than dysfunction.If you're curious about how ultra high net worth families can cultivate happiness and fulfillment across generations, this is the episode for you.[00:02:50 - 08:02] - Adopting a “Whole Family” Approach to AdvisingThe importance of caring about what clients care about most - their families and legacyHelping families identify their purpose, values and forms of “capital” beyond just financialLegacy is about the impact you create using all your capitals[08:03 - 19:16] - Keeping Wealth in Perspective with Spiritual CapitalThe gravitational pull of wealth can skew priorities if not anchored by valuesOngoing investment in “spiritual capital” keeps financial capital in balanceResearch on attributes that contribute to happiness beyond money[19:17 - 31:28] - Fostering Happiness and Meaning for HeirsFinancial wealth alone doesn't satisfy the soulTactics for facilitating open communication and aligning estate plans with valuesDefining “legacy” more broadly than just wealth transferInheriting positive mindsets rather than dysfunction[31:29 - 46:38] - Embracing a Broader Concept of Philanthropy Philanthropy is about loving and caring for others, not just charitable donationsFamilies can give their time, talents and treasureEmpowering younger generations through philanthropyKey Quote:"Love is really about caring as much as you can about what your clients care about most, and that's their loved ones." - Dr. Richard OrlandoConnect with Dr. Richard Orlando!Website: www.LegacyCapitals.comLinkedin: www.linkedin.com/company/legacy-capitals-llcTwitter: www.twitter.com/LegCapDrOThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian C. Adams interviews cybersecurity expert Roger Grimes about the current state of cyber threats, including social engineering, phishing, ransomware, AI, and quantum computing. Roger shares his insights on where organizations often misallocate resources when it comes to cybersecurity. He emphasizes the importance of training employees to recognize phishing attempts, patching vulnerable software, and using multi-factor authentication. Roger also discusses how AI can be used for both defense and attacks, and stresses the need to prepare now for the coming quantum computing revolution which will break much of today's encryption.Roger is a 34-year computer security veteran, author of 13 books and over 1300 articles on computer security. He is often quoted in national media including WSJ, Newsweek, and is keynote speaker at national computer security conferences.[00:00 - 07:51] - Biggest Cyber Threats TodaySocial engineering, phishing, and unpatched software cause most successful attacksAI allowing less sophisticated hackers to appear more professionalDefining social engineering, phishing, and software vulnerability exploits[07:52 - 10:25] - Cyber Threats Getting WorseNo digital Geneva Convention and poor nation state relationshipsBlurred lines on what hacking is allowed between countriesNeed a digital Geneva Convention but hard to get global agreementRansomware already very damaging without AI[12:41 - 22:51] - Nation State Hacking and Critical InfrastructureNation states often turn blind eye to hacking that benefits themMost US hacking focuses on traditional espionage but some gray areas existNearly all critical infrastructure is hackable but progress being madeOrganizations like CISA doing great work against threats[22:52 - 33:11] - Security Spending and DefenseMoney often misallocated compared to actual threatsNeed focus on social engineering training and patching known vulnerabilitiesUse phishing-resistant multi-factor authenticationKey questions to ask vendors about social engineering and patching[33:12 - 44:42] - AI and Quantum Computing SecurityAI being used by attackers and defendersUnlikely to increase social engineering much from already high baselineAI driven tools will recognize criminal AI toolsQuantum computing will break current encryption in next couple yearsMassive coordinated effort needed to upgrade systems and softwareConnect with Roger Grimes!Website: https://www.knowbe4.com/Email: rogerg@knowbe4.com Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian Adams speaks with Christopher Frank, Oded Netzer, and Paul Magnone, authors of the book Decisions Over Decimals. They discuss how to make better business decisions by focusing on effective problem framing, interrogating data with context and intuition, and communicating insights clearly. The guests explain why relying solely on data and analysis often leads to poor decisions, and share principles and techniques for developing "quantitative intuition."[00:00 - 10:49] - Introducing the Guests and Motivation Behind Their BookBackgrounds of the three guests/authorsMyths around needing advanced math or perfect dataIneffective meetings and group decision making[10:50 - 22:42] - Key Decision Making ConceptsBalancing intuition and data analysisPutting data in context and asking "What surprised you?"Powerful questions vs. technical analysis[22:43 - 32:27] - Applying the ConceptsCase studies using simple but effective techniquesContrast with traditional linear processesImmediate impact from students applying the techniques[32:28 - 39:04] - Key Takeaways and ConclusionAsk questions, focus on the problem definitionData interrogation requires intuition and doubtImperfect decisions are okay - adjust with new dataRecapturing childlike curiosity in decisionsKey Quote:"The bad news is you don't get to decide whether you make decisions with data. It's reality. The good news is you don't need to be top of class in math in order to make these decisions." - Oded NetzerConnect with Christopher, Oded, and Paul!Website: https://www.dodthebook.com/Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, host Brian Adams sits down with COO Jarrod Arnold to discuss the disconnect between the financial perceptions and realities facing younger generations today. They explore how social media, ‘keeping up with the Joneses' mentality, and the normalization of debt have warped expectations around earning, spending, and achieving financial stability. But it's not all doom and gloom. Brian and Jarrod offer advice on entrepreneurship, budgeting, and investing during volatile times. They encourage younger listeners to take calculated risks and adopt an abundance mindset to create the future they want.Key Highlights:[00:00 - 06:23] - Changing Investor SentimentInvestor engagement has declined as rates have risenPeople sitting on cash instead of investing in real estateInterest rates offer a viable alternative to real estate investing[06:24 - 13:09] - Distorted Financial ExpectationsSocial media fuels comparison to unattainable top 1% lifestylesNormalization of debt loads from national level down to individualLack of financial literacy on budgeting and aligning with values[13:10 - 25:05] - Rethinking Conventional Paths to Financial FreedomNeed for realistic career guidance on incomes vs education debtEncourage entrepreneurial risk-taking, especially when youngPolicy changes needed on home ownership and college for allFocus on personal finances and psychology in good and bad times[25:06 - 31:19] - Resetting the American DreamMay need to reset expectations around home ownership and collegeLeadership needed to confront economic challengesEntrepreneurial opportunities even in challenging times[31:20 - 34:48] - Cautious Optimism on the HorizonInvestors have short-term pessimism but long-term optimismPain may be necessary to reset after deferring hard choicesAmerica has overcome adversity before and will persevereKey Quote:"Comparing yourself to that top 1%, I think has been there for a while now…[Now] You're looking at comparing yourself [to] your greater community as a whole." - Jarrod ArnoldDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian concludes his series on macroeconomic trends that will impact investor returns over the next cycle. He examines stagflation - a dangerous mix of high inflation and economic stagnation that previously occurred in the 1970s. While not overly concerned about stagflation recurring, Brian believes we may be entering a period of moderately high baseline inflation and potential recession. He advises listeners to learn from the 1970s stagflation case study and invest in real assets as an inflation hedge.[00:00 - 02:53] - What is Stagflation and What Caused it in the 1970s?Definition of stagflation as high inflation during economic stagnation/recessionCaused by oil shocks and supply disruptions in the 1970sPolicy mistakes fed inflation instead of cooling it[02:53 - 05:32] - The 1970s Stagflation Case StudyTwo oil shocks - 1973 and 1979 - caused recessions and inflationLoose monetary and fiscal policy worsened the situationEventually resolved by tighter fiscal policy and growth in 1980s[05:32 - 08:39] - Could Stagflation Recur Today?COVID stimulus initially fed inflation but it has cooled recentlyModerate baseline inflation likely going forwardRecession possible in 2023 from rate hikes and tighteningFed focused on crushing inflation over recession risk[08:39 - 11:19] - How to Invest if Stagflation Strikes AgainStudy 1970s case - real assets did well as inflation hedgesDon't panic but monitor inflation and economic indicatorsDiversify into real assets like commodities and real estateKey Quotes:"Stagflation is a period of high inflation that happens at the same time as a stagnation of growth or outright recession - the worst of both worlds." - Brian C. Adams"If you look at how bad the period of the seventies was for the U.S., it's certainly not something that we want to replicate." - Brian C. Adams______________________Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Thanh-Long Huynh (Long), Co-Founder and CEO of alternative data specialist QuantCube Technology, joins us to discuss how big data analytics can be leveraged to make smarter investment choices. Thanh-Long explains what constitutes "big data," including satellite imagery, ship tracking data, and more. We explore how QuantCube analyzes these massive datasets in real-time to estimate economic trends and activity. Thanh-Long shares examples of how QuantCube's data predicted China's economic slowdown and Russia's resilience to early sanctions. He discusses how investors use QuantCube's insights for trading strategies, asset allocation, and sector rotation. If you're interested in how high-quality data tracking and analysis can help you become a more effective investor, this episode is for you.[00:00 - 06:00] - Defining Big Data and Data SourcesWhat constitutes "big data" - structured, unstructured, massive datasetsSources like satellite imagery, ship tracking, telecom dataUsing satellite data to analyze industrial production[06:01 - 11:30] - Applications for Investors and Asset ManagersProviding transparency into economic growth and trendsReal-time tracking of commodities, imports, exportsTrading strategies, asset allocation, sector rotation[11:31 - 18:00] - Assessing Government Economic DataLag in official GDP, CPI, employment dataQuantCube estimates inflation, growth in real-timePredicted Fed interest rate hikes using real-time inflation data[18:01 - 24:40] - Analyzing China, Russia, Europe EconomiesSaw China's industrial production declining since early 2023Tracked Russian oil tankers to measure sanction impactsEuropean outlook mixed - strong tourism but weak German manufacturing[24:41 - 29:00] - Tracking Supply Chains, Trade, and Water StressEvidence of supply chain shifts out of ChinaAssessing global trade flows at canals and key chokepointsUsing satellite data to analyze water levels and crop yields[29:00 - 36:23] - Emerging Technologies and Sector OutlookDeveloped tech to map corporate assets and estimate future earningsBullish on defense, tourism, healthcare sectorsBearish on manufacturing and cyclical sectorsKey Quotes:"This kind of satellite data...enables [us] to estimate the industrial production of any country where you don't have any data sets or high quality data sets." - Thanh-Long Huynh"Using satellite data is a very factual data. You can really say where this industrial production comes from, where it slows down." -Thanh-Long HuynhConnect with Thanh-Long Huynh:Website: https://www.quant-cube.com/LinkedIn: https://www.linkedin.com/company/q3-technology/Twitter: https://twitter.com/q3techno?lang=en@Q3Techno______________________________Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Brian Adams is joined by Sarah Johal, co-founder of Parents in Tech Alliance, who highlights the harsh realities caregivers face in the workplace. From discrimination to lack of support, we learn how 75% of the workforce provides care, yet leaders fail to track this untapped talent pool losing billions annually.Sarah recounts her own painful story of demotion upon returning from maternity leave, fueling her advocacy today. A powerful exchange on how we can dismantle barriers for caregivers through education, policy change, and workforce measurement. At times uncomfortable but impossible to ignore, this episode challenges assumptions on how we value and support caregivers in America's "last place" work culture.Key Highlights:[00:00 - 05:48] - Defining and Understanding CaregiversExpansive definitions beyond just parents to anyone providing care75% of US workforce are caregivers - largest untracked segmentRise of caregiver ERGs starting in civil rights era[05:49 - 11:03] - The Business Case for Supporting CaregiversIncreased retention, engagement, belongingUS loses $35B annually from failing to support caregiversUS ranks poorly compared to other countries[11:04 - 18:58] - Best Practices in Caregiver SupportPaid family leave, flexible scheduling, manager trainingMeasuring caregiver status, gender-neutral policiesMoving beyond compliance to build culture[18:59 - 26:22] - The Challenges Caregivers Still FaceSarah's experience of bias as a new motherLeaders can be risk averse and waiting for compliance[26:23 - 32:30] - How do we move forward?Work of “Parents in Tech Alliance” on education, advocacyReasons for optimism like generational shiftsRole of public policy on childcare affordabilityQuotes: "American working families deserve better than last place." - Sarah Johal"Don't wait to come up with an equitable parental leave policy until the first employee becomes pregnant.” - Sarah Johal"Most leaders are much more risk averse than we thought. Most of them are not being moved until it is required of them." - Sarah Johal _______________________________Connect with Sarah Johal!Website: www.parentsintechalliance.org and www.sarahjohal.comInstagram: https://www.instagram.com/johalsf/Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Zack Cooper, senior fellow at the American Enterprise Institute and lecturer at Princeton University, joins this episode to discuss the upcoming Camp David summit between Japan, South Korea, and the U.S. This momentous occasion is a result of leadership from South Korea's President Yoon and Japan's Prime Minister Kishida in hopes of mending ties since Japan's invasion of Manchuria a hundred years ago. Zack also delves into U.S. policy in Southeast Asia and its pivot to the Pacific. He also explores the Communist Party's reliance on economic growth to maintain control, the potential for increased tensions around Taiwan in the future, and the U.S.'s ambiguous commitments to Taiwan due to treaty changes in the 1970s. Tune into this episode for an engaging discussion about geopolitics in East Asia![00:00 - 09:14] Exploring China's Geopolitical and Military AmbitionsJapan and South Korea have never had an independent diplomatic meeting outside of a more significant summitThe U.S. and Japan have had their differences going back to World War II, but Japan and Korea never had the same forcing functionChina is playing a significant role in pushing Japan and Korea together as they trust China less than each otherThe Camp David Summit is about trying to make it more difficult for them to focus on historical issues and force them into the future[09:15 - 17:39] Split Opinions on Responding to Economic Downturn and Taiwan TensionsXi Jinping's thinking is uncertain, and both a weak, inward-looking China and an aggressive, brittle China are possibleRussia's experiment of consolidating national unity by attacking Ukraine has not worked outTaiwan is different from Ukraine, and it is unclear what the U.S. commitments are with TaiwanChinese people have delivered remarkable economic growth in the past decades, but now the growth numbers for this year are lower[17:40 - 24:42] Examining the Challenges of the U.S.-China Conflict Over TaiwanThe Biden team has three pillars of their approach: Invest, Align, and Compete with ChinaTaiwan has strategic value as it is close to U.S. treaty alliances with Japan and the PhilippinesChina trying to invade Taiwan is one of the hardest things militarily in the worldThe U.S. Navy is smaller than China's, and U.S. facilities and people in the region would be under threat if a conflict arises[24:43 - 37:22] Examining Command and Control in Southeast Asia U.S. could strike the Chinese mainland if a decision is made in Oval Office or White House Situation RoomChina hasn't been involved in a major conflict for 50 years, and technology is different nowQuote:"It is a fascinating moment in time, watching Japan and Korea finally try and move past some of their historical differences." - Zack CooperConnect with Zack!Twitter: @ZackCooperConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Join us as we sit down with Kristen Nicholson, entrepreneur and owner of Nashville's first contrast therapy studio, Urban Sweat. Kristen is a healthcare professional with a background in health administration who decided to jump from being a healthcare provider to running her own business. In this episode, she discusses her journey, from leaving her corporate job to open her own business to expanding to 6 new locations across Middle Tennessee and three on the West Coast. She also explores the modalities available at Urban Sweat, such as infrared sauna, red light therapy, and cold plunge. Take advantage of this inspiring episode, where we learn about following your dreams and taking risks![00:0 - 08:47] From The Shed to Urban SweatIntroducing Kristen to the showFitness was vital for her after college as she was a pharmaceutical rep and wanted to be number one on the rankings[08:48 - 15:00] Bet on Yourself: Taking the Leap to Pursue Your Calling in HealthcareBetting on oneself and taking risks is importantHealthcare in America is complex, with many players and incentivesMental health, gun violence, and prevention are essential topics to considerTrauma can manifest in physical illness and should be addressed holisticallyImportant foundational habits like sleep, nutrition, meditation, and therapy are critical to physical fitness[15:01 - 24:07] Burning the Candle at Both EndsHow Kristen networked with the fitness community, corporate executives, and physiciansTarget market: stressed-out corporate execs, athletes, and physiciansKristen Introduced new concepts like cold plunge, sauna, and red light therapy[24:08 - 40:39] Experience the Benefits of Red Light Therapy, Sauna and Cold PlungeThe cabin sauna heats up to 150-155, while the pod sauna is 30 minutes, and red light therapy is 20 minutesBenefits of infrared sauna include cellular level heat and mental relaxationThere is something natural about the experience that helps one get back to homeostasisWelcome to the competition as there is enough for everyone[40:40 - 42:13] Closing Segment Quote:"It's nice to be in the studio, and people walk in and say, 'I've been looking forward to this all day,' or 'This really is the best part of my whole day.'" - Kristen Nicholson"It's how you eat. It's how you move. It's how you act with others. It's how you drive. It's everything." - Kristen NicholsonConnect with Kristen!Website: www.urbansweat.com Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

From unlocking the anti-aging secrets of CrossFit to navigating the maze of modern healthcare, Ben Moore—doctor, coach, and entrepreneur—dives deep into the strategies for achieving optimal health and longevity. He discusses the impact of performance-based training on physical therapy, how it has shifted focus toward health and wellness, and popular recovery methods such as cold plunge and sauna. He emphasizes understanding one's recovery limitations when it comes to aging as an athlete. Discover the impact of performance-based training, the magic of mastering the mundane, and the pivotal role of preventive measures in today's fast-paced world. Tune in as Moore's journey takes us through the essentials of staying healthy and thriving![00:00 - 08:16] Ben Moore's Journey from Trainer to Physical Therapist and EntrepreneurBen shares how he first connected with CrossFit when he was coming in as a new trainer and programming the workoutsCrossFit has become a young man's game due to the volume of training and amount of time spent in the gymBen believes that, done well, CrossFit can be an anti-aging drug[08:17 - 15:44] The Evolution of Physical Therapy and the Pursuit of a Long, Healthy LifeThe shift in fitness and training culture from bodybuilding to performance-based modelsIntroduction of healthy lifestyle choices such as cold plunge and saunaHow Ben experienced the medical system with high patient volume, low reimbursements, and limited equipment[15:45 - 20:43] Navigating the Healthcare System and Preventing InjuryThe healthcare system is incentivized to provide pharmacological solutions for the sick rather than rehabilitative careThe healthcare system doesn't incentivize teaching people how to eat well, exercise, and move enough throughout the dayThe shotgun approach to recovery and downregulation from the day's activitiesRecognizing patterns in clients predicts flare-ups or injuries[20:44 - 33:46] Strategies for Injury Prevention and Pain ReductionThe four pillars of injury prevention: sleep, nutrition, hydration and stress management, movementSleep hygiene is essential - aim for 7 hours of sleep minimumNutrition should be high quality and enough to cover movementStress management is vital for avoiding injury and painMovement should be regular and include steps throughout the dayExercise should be 45-60 minutes four times a week[33:47 - 37:04] Closing SegmentConnect with Ben through the links below!Quotes:"CrossFit in and of itself is kind of an anti-aging drug. I think staying strong and fit through the lifespan helps stave off most of the effects of aging that we see." - Ben Moore"If we don't have a way to mitigate stress, we're more likely to experience injury." - Ben Moore"It's the boring stuff. And mastering the mundane, but building out those systems and routines. I mean, that's the secret." - Ben MooreConnect with Ben!Website: www.evoperformancetherapy.com Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this bonus episode, dive into the tricky world of capital raising for real estate investments! Brian Adams shares another conversation on the Commercial Real Estate Investor podcast where he, Tyler Cauble, and Logan Freeman discuss their experiences and strategies in this complex process. They discuss the importance of solid relationships with investors, creating a simple yet attractive deal narrative, and understanding economic conditions. They provide practical advice such as understanding the ideal customer profile, networking with potential investors, giving insight and content, building an investor acquisition system, using AI-based campaigns and emails, and reading industry news. Tune in for an insightful discussion on capital raising for real estate investments![00:00 - 15:50] How to Pitch Your Deal and Find Investors for Real Estate InvestmentsHaving relationships with potential investors is vital before attempting to raise capitalCapital raises can be stressful, and there will always be objections and excuses from potential investorsIt is essential to understand the Federal Reserve and macroeconomic concepts such as supply[15:50 - 28:01] Analyzing Yourself and Positioning Your DealStarting with friends and family may not be the best strategy for a capital raiseStart with the "why" behind the deal before discussing the "what" and "how"Vying for attention is vital to get capital and explain the dealMultiple communication mediums can be used to grab attentionDirect outreach is necessary and effective, such as calling and leaving voicemails[28:02 - 43:33] Investor Acquisition System: The Key to Raising Capital for Future ProjectsIt is essential to identify who your ideal customer profile is and what problems they faceUse social media and build an email distribution list to reach potential investorsUse the Investor Acquisition System to start with reputation, visibility, and leadershipBuild investor journey through educational content, lead generation, and call to action[43:34 - 58:18] Simplifying the Complexity of Deal StructuresDon Miller's quote, "If you confuse, you lose," is applicable to dealing with structuresMarketing materials should be accessible to a fifth-graderFour return metrics to understand: IRR, cash on cash, equity multiple, and preferred returnFramework to use when communicating returns: why, how, whatQuotes:"Unless you are going to market consistently, you'll never get better and learn. And we've always improved our process and systems when it's been like the most grueling capital races. Because that's really when you figure out what works and doesn't work." - Brian Adams"We're all vying for attention and live in the attention world now. And unfortunately and fortunately, we can send text messages. We have emails. We have phone calls. We can send video messages. We have all of these different modes." - Logan FreemanListen to the Commercial Real Estate Investor podcast with Tyler Cauble!Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

The same beliefs that fuel success can later become our roadblocks. Join us as we explore the concept of Integrative Coaching with Julie Wald, a psychotherapist, life and wellness coach, and leader in the wellness industry. Julie is devoted to helping ultra-high performers and individuals facing physical and mental health issues with her integrative approach, combining the best clinical backgrounds with practices such as meditation, movement, inner child work, emotions, and more. She'll discuss how this can be used to reeducate clients about wellness and self-work to address underlying belief systems that impede success and well-being. Tune in to learn more from Julie about her work![00:00 - 06:39] Pioneering the Wellness Movement in Business and Financial Services CommunitiesIntroducing Julie to the showJulie started her career as a clinical social worker in New York City, working with disenfranchised peopleShe developed a side hustle of working with high-performing leaders in various industries.[06:40 - 14:38] Understanding the Belief Systems That Drive Feelings and BehaviorWellness used to be only for those on a spiritual path or "weird" peopleWith the rise of technology and 24/7 plugged-in culture, wellness became a necessityBelief systems often stem from childhood experiences and can drive behavior[14:39 - 20:17] Shining the Light of Awareness and Building a New Operating SystemPeople often achieve success through limiting belief systems that become a liability when they reach a certain point in their careerTo help people break through these barriers, it is vital to build awareness of underlying belief systems and do healing work on the pain associated with themReparenting work is necessary to nurture younger parts of ourselves that created the old operating system out of fear or wanting to be good enough[20:18 - 24:19] How to Rewire Your Mind and Change Your LifeIntegrative coaching is a combination of psychological work and operationalizing behavior, thinking, and habitsThoughts can be controlled, and intentional thinking patterns can be created to serve usOur thoughts drive our feelings, which drive our behaviorRewiring reward systems can fundamentally change life experience[25:20 - 28:44] Closing SegmentQuotes:"We bring in all those concepts, all those ideas, all those tools and resources, and ultimately just meet people where they are and pull out the right resources and tools along the journey." - Julie Wald"Often, people find that they have trouble with either operationalizing the deeper work or figuring out how to do things differently, but the deeper belief systems keep sneaking up on them and like pulling them back into old patterns." - Julie WaldConnect with Julie!Website: www.heyitsgolden.com Instagram: https://www.instagram.com/juliedwald/?hl=en Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Unravel the future of warfare as Samuel Bendett dives deep into Russia's cutting-edge military technology showcased at the recent expos.Samuel Bendett discusses the Russian military's use of robotics, UAVs, artificial intelligence, and other weapons at the Army 2022 & 2023 expos. Sam provides insight into the global implications of these technologies on modern warfare, including how smaller countries can now defend themselves more effectively with commercial drone technology. He also discusses the increasing reliance on counter-UAS rifles and other offensive and defensive tactics to disrupt drone operations and communications with operators. Finally, he explores how AI is being used for data analysis and decision-making in this conflict, as well as the potential of long-range and mid-range combat UAVs and ISR aircraft. This episode will be an informative and thought-provoking conversation about the changing landscape of modern warfare.[00:00 - 09:01] Exploring Russia's Military Industrial Complex1.9 million people from 85 countries attended the 2022 military expo, as it showcased over 20,000 military weapons and systemsFPV drones were presented this year, which are cheaper than commercial quadcopters but can cause a lot of damage[09:02 - 24:40] Exploring the Intersection of Commercial and Military Technology in the War in UkraineBoth sides of the conflict in Ukraine are using commercial drones for intelligence, surveillance, reconnaissance, and target trackingMilitary-designed UAVs are used for longer-range missions than commercial dronesCommercial technologies are taking center stage in this war, especially at the tactical levelIt is now difficult to avoid being seen by adversaries due to the use of commercial technologies[24:41 - 30:28] US Leads the Way in UAV and Military Robotics DevelopmentRussia and Ukraine invest in large-scale, portable electronic warfare systems to jam signals and safeguard against attacks.The US is a global leader in UAVs, but the Ukrainian conflict is different due to countermeasures[30:29 - 39:21] Closing SegmentDue to the conflict, schedules for acquiring military systems have been condensedAI is used for data analysis and decision-making in UkraineQuotes:"The war in Ukraine is kind of shaping our perceptions of what kind of UAVs are becoming necessary, and are becoming a must-have for global militaries, and what kind of UAVs other militaries should really concentrate on." - Samuel Bendett"The United States is the leading power in the development and fielding of military UAVs and different types of robotics as well. Other countries look to the United States as a leader in the field." - Samuel BendettConnect with Sam!LinkedIn: https://www.linkedin.com/in/samuel-bendett-06996018/ Twitter: https://twitter.com/sambendett Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

How can you transition from a career-ending injury to being a beacon of holistic health and wellness?Brian welcomes Michelle Norris, a former D1 athlete forced to end her career due to a back injury. After overcoming the physical and emotional trauma of this experience, she credits her holistic strength and conditioning coach for helping her heal without surgery or bed rest. Michelle shares her story of transitioning from being an athlete into a new career and tips on fostering relationships outside of sports. She also advises creating a healthier lifestyle by focusing on exercise, nutrition, and whole natural foods. Listen in to learn about the power of our lifestyle choices, how to find a community to get support during tough transitions, and how to prevent costly hospital visits in the future.[00:00 - 06:54] A Journey of Healing and TransformationIntroducing Michelle to the showAfter a career-ending back injury, she found health and healing through exercise, nutrition, and healthy lifestyle changes[06:55 - 17:48] Finding Identity and Purpose Beyond the FieldCrossFit can be a way to build community and foster relationshipsMichelle's advice for her 18-year-old self: Think of yourself first, not just as an athleteIdentify yourself with internal values, not external things you can't control[17:49 - 28:20] Finding Passion in Corporate WellnessCorporate wellness is about understanding the needs of employees and building a program around themThe importance of staying up to date with the latest research and listening to podcastsThere is no such thing as a free lunch - you have to invest in mental and physical wellness[28:21 - 36:25] High-Level Wellness and Nutrition Advice for Busy ProfessionalsHigh-level advice to stay out of the hospital: eat, move your body, and drink wineExercise: 30 minutes 3 times a weekNutrition: Eat whole natural foods, watch added sugar intake, limit liquid sugar intakeTrack your food diary to understand what you're consuming vs. what you think you are[36:26 - 40:01] Closing SegmentConnect with Michelle through the links belowFinal wordsQuote:"There's always a way to perfect whatever you're doing at the moment. That drive to want to conquer that next thing, that's what I found in CrossFit." - Michelle NorrisConnect with Michelle!Website: www.sweatnet.com Email: michelle@sweatnet.com Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Do you know how family businesses can thrive across generations? Join us in our episode with Richard Ryffel, professor of finance practice at Washington University in St. Louis. With 35 years of experience in financial services on Wall Street and regional firms and an MBA in finance, Richard has seen it all. He is currently teaching several finance courses as part of the Koch Center for Family Enterprise to help families better understand how to manage their businesses. Richard discusses the importance of diversification in family-owned businesses, how liquidity events should be handled, and the value of having a trusted advisor. He also explores the idea that wealth should be concentrated and diversified to stay wealthy, different generations' attitudes towards risk-taking, and the potential for failure as a learning experience. Tune into this riveting episode![00:00 - 08:04] 35 Years of Financial Services ExperienceRich's brief background and careerThe Koch Center for Family Enterprise was set up to drive research into the practice of running family businessesThere is a proliferation of private companies and more entrepreneurial spirit than ever before[08:05 - 13:58] Investing for Wealth PreservationSt. Louis has a robust history of companies that have survived for multiple generationsThe risks of not diversifying and how to do so without selling the business[13:59 - 22:35] Maximizing Value for Your Company Step back and think about culture and how important it is to maintain itConsider family involvement and whether you wish to continue to be involved in the businessHave a group of people around you with different lived experiences for inputConsider if there is a distinct competence or moat when expanding into adjacent businesses[22:36 - 30:52] Exploring Risk Taking and Risk Mitigation for Family BusinessesThe mindset of the younger generation is different from the baby boomer generation when it comes to family businessesYounger people are more willing to take risks but should be careful when investing in something that might failFailure can be a learning experience, but educated risks should be takenThe Center educates students on modern techniques and governance issues that may not have been considered before[30:53 - 37:23] Closing SegmentQuotes:"Careers always look organized in the rear view mirror. They look perfectly ordered. But when you're going through it, not so much." - Richard Ryffel"You get rich through concentration. You stay rich through diversification." - Richard Ryffel"Money in and of itself is nothing. Money is a tool to achieve something your wants and needs." - Richard RyffelConnect with Richard!Email: ryffel@wustl.edu Olin Business School: https://olin.wustl.edu LinkedIn: https://www.linkedin.com/in/richardryffel Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Dive into the Roller-Coaster World of Entrepreneurship with Parker Gates as he shares his journey From burnout to mindful balance!Parker is a coach, serial entrepreneur, and teacher at Stanford's d.school. He helps entrepreneurs and leaders suffering from burnout and was one of the host's first tenants in a real estate deal many years ago. Parker emphasizes the importance of emotional support and mindfulness for entrepreneurs, such as developing a mindfulness practice to become aware of data points and journaling to become self-aware. He also stresses the need to prioritize values over wealth and take time for reflection to audit one's life. Listen as Parker shares how reflection can help individuals realize they may be living a life not in alignment with their values.[00:00 - 08:38] From Burnout to EntrepreneurIntroducing Parker to the showHe has started several companies in the past and now helps entrepreneurs and leaders suffering from burnoutHow Parker got into Design Thinking[08:39 - 14:19] How Burnout Can Lead to a Pivotal Change in LifeQuitting good jobs turned out to be the most remarkable thing in Parker's lifeParker left Stoked due to burnout and wife's health issues[14:20 - 20:57] The Benefits of Mindfulness and Self-Awareness Creating a mindfulness practice is vital to become self-awareJournaling prompts to pause and reflectAwareness around health, wellness, and mental health is increasingIntegrating methods like movement, therapy, etc. into life is important[20:58 - 35:43] What Successful Entrepreneurs Need to Know About Existential DreadThink about the goals that are important to you and then reverse engineer your way into how much money does that takeThere is a feedback loop which makes you think you're winning the gameReflection and journaling can help people live the life they intend to liveIt is hard to be the black sheep when everyone around you is doing something unhealthy[35:44 - 40:04] Closing SegmentConnect with Parker through the links belowQuotes:"The way that we make any change in life, we have to hit a bottom." - Parker Gates"I had a hard time recognizing that I had a problem because I had surrounded myself with lots of people who had a problem." - Parker GatesConnect with Parker!Website: www.ParkerGates.com LinkedIn: https://www.linkedin.com/in/parkergates/ Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.