Podcasts about frazer rice

https://youtu.be/UizVi4fJzPs?si=MeLp0txegEzBkVLl CIVIC ENGAGEMENT: The Secret to Revitalizing Communities- this is how we improve our neighborhoods. It's a great way to teach the next generation about citizenship and how to be a part of something bigger than themselves. But what is involved in getting involved? Politics has an ugly reputation. How does one participate, get meaningful results, and keep ones sanity? Friend of the show, BLAIR DUQUESNAY, takes us through her experience navigating levee governance and politics in her hometown of New Orleans after Hurricane Katrina. She explains why civic activity is important to her and the example she wants to set for others. It's a great example of citizenship that we can all learn from. https://open.spotify.com/episode/3BjQeTf3nz5mgt6UD2pgpy?si=ntfqCSR1S2aCQvmVxSNQoA Summary In this conversation, Frazer Rice and Blair discuss the importance of community engagement and civic responsibility, particularly in the context of New Orleans post-Hurricane Katrina. Blair shares her journey into civic activism, the challenges faced in flood protection governance, and the grassroots efforts to raise awareness and advocate for reforms. They emphasize the significance of being informed and active citizens, the lessons learned from local democracy, and the need for ongoing engagement in community issues. Takeaways Civic engagement is crucial for community well-being. Personal experiences shape one's commitment to volunteerism. Grassroots advocacy can influence local governance. Awareness of local issues is essential for effective activism. Democracy requires active participation from citizens. Building relationships with elected officials is important. Researching issues enhances advocacy effectiveness. Community coalitions can broaden outreach efforts. Caring about local issues is a fundamental aspect of citizenship. Voting is a critical component of civic responsibility. The Secret to Sound Bites "We're all just humans in this process.""It's important to research the issues.""You have to vote to have a voice." Civic Engagement Chapters 00:00 Community Engagement and Civic Responsibility05:59 Political Challenges in Flood Management12:11 Lessons in Local Democracy? Titles Reinvigorating Our Communities Navigating Governance After Hurricane Katrina Other CIVIC ENGAGEMENT EPISODES https://frazerrice.com/civics/ WHAT IS CIVICS? https://frazerrice.com/all-the-presidents-money/ https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Keywords community engagement, civic responsibility, Hurricane Katrina, governance reforms, flood protection, grassroots advocacy, local democracy, civic engagement, informed citizen, activism, belle curve, blair duquesnay, ritholtz wealth, next capital, next vantage, frazer rice

The massive costs of caregiving can be a big surprise to most people. It is an expensive undertaking in the best of circumstances and can be a full time job. BETH PINSKER, a columnist at Marketwatch and the author of the new book, "My Mother's Money- A Finanical Guide to Caregiving" takes us through her experience. There are many great tips to help get support for this difficult experience. https://youtu.be/WNYLOR_Pvw8?si=8dS2LPG3vfe1FWIX https://www.amazon.com/My-Mothers-Money-Financial-Caregiving-ebook/dp/B0DW3RLJSF/ https://open.spotify.com/episode/120pb9198YPecMzPir7RyC?si=mqlnY7XmRA-gtRzfJemq_w Outline 00:00 Introduction to Caregiving and Aging 02:15 The Importance of Planning Ahead 08:28 Navigating Legal and Financial Caregiving 10:33 Understanding the Emotional and Physical Toll 14:29 Making Informed Decisions for Loved Ones 19:40 Financial Planning for End-of-Life Care 25:28 Essential Documents and Digital Access Transcript Introduction to Caregiving and Aging Frazer Rice (00:04)This is a real treat for me in the sense that I have had personal experience around this. Your book, which we'll get into in just a second, is going to be coming out in November. I think it's going to be an important resource for pretty much anyone who has ⁓ any exposure to aging or anything like that or any sort of caregiving. Give us a little bit of a sense of the timing of the book first and we'll get that out of the way, far away. Beth Pinsker (00:35)Great, you know what, we're all in this together and nobody's gonna escape any of this. You will either need to care for somebody or you're gonna need to be cared for yourself at some point in time. Like it's inescapable. you ⁓ know, we're all, we all need this information. The reason I put it together was because I couldn't find it out there when I went looking for it. When my mom got sick, there wasn't a resource that told me how to deal with the things that I had to deal with. Being a CFP and being a retirement columnist and a journalist, I got the caregiving information. Then I wanted to put it out there for other people to benefit from it so they could plan a little bit better or get through whatever they were stuck in the middle of. I pulled together a bunch of columns I had written and brought in them out. I interviewed a lot of people, like almost 100 people, especially for this book. Over the years as a journalist, I've interviewed probably, you a thousand people about, you know, planning and estate planning and all of that stuff that goes into it. This book is coming out November 4th from a Penguin Random House imprint. You can pre-order it on bethpinsker.com or through the publishers portal. Hopefully you'll see it everywhere and every bookstore you go to. Frazer Rice (01:51)One of the concepts of the book that I think is vital is that it's important to have these steps. This caregiving analysis, this process established while everyone is at least a little bit on the top of their game. That you're not making decisions under maximum stress, either emotional, financial or otherwise. Maybe take us through a little bit about how you came to that realization and how you articulated that. The Importance of Planning Ahead for Caregiving Beth Pinsker (02:06) Yeah, so I got a call from my mom ⁓ one day. You know, she's perfectly fine, 76 year old, and she's like, I'm gonna have surgery. It's gonna be a big one. I'm gonna get my back operated on so that I can continue to walk. She really wanted to be able to walk and she was losing her abilities. The thing we need, we needed two things. We needed a power of attorney for ⁓ financial needs and a healthcare proxy because she was going to be incapacitated for a certain amount of time. We didn't know how much and we needed those documents. If we would not have had those documents, my life would have been an utter disaster. It was already really hard with those documents,...

There are plenty of LESSONS FROM GENE HACKMAN'S ESTATE PLANNING. https://youtu.be/HZI4oiP0ZtM It's a cautionary tale about managing changing circumstances. Proper implementation and monitoring has to be in place. Periodic reviews of the documents, asset titling, and staffing of the fiduciary roles are a must. Finally, understanding the family dynamics and desire for confidentiality are vital in putting the estate plan in place. The disposition of $80 million was at stake here. LAWRENCE D MANDELKER, Partner at the NEW YORK OFFICE OF VENABLE, and I discussed the fact pattern, what could have been avoided, and points to take away in one's own affairs. https://open.spotify.com/episode/1ndlYCQRiAokJ4FyATL9Te Transcription Frazer Rice (00:02)Welcome aboard, Larry. VENABLE ARTICLE ON GENE HACKMAN'S ESTATE Lawrence D. Mandelker (00:04)Thanks for having me, Frazer. Frazer Rice (00:05)This is, I wouldn't say it's fun talking about someone's estate, but this one's particularly interesting. We all remember Gene Hackman from Hoosiers and Superman and Mississippi Burning and all sorts of great movies. Unfortunately, his end was sad and as it turns out, Gene Hackman's Estate was complicated and public. From a planning perspective, we can learn a lot. ⁓ Take us through a little bit about where where Gene's estate kind of went from and ended up as far as a fact pattern. Fact Pattern in Gene Hackman's Estate Planning Lawrence D. Mandelker (00:37)Sure. So, you know, the news sort of surprised all of us when we heard that he had died. And then over the next couple of days and weeks and even months, more more detail came out. And as you said, it was pretty disturbing. But it seems as though Gene Hackman was a very successful ⁓ actor and he engaged in estate planning. Gene worked with attorneys, which is always a good thing to do it to work with people who are experts in the field And he had a you know a normal estate plan. He lived with his wife It seems like he had a little bit of a fractured family. It was not his first marriage. We learned after he signed his estate planning documents sort of things over the next 20 years sort of changed for him he He had some health issues. He was suffering from advanced dementia at the time he died and as we know his wife died from a virus apparently a week before. Then as the details came out we learned that he had the advanced dementia. There was a fractured family the the wife and his kids did not get along so well. It's unclear what the situation was with how much contact he did have with his children. But he had a will, he had signed it 20 years before he died. The facts changed. It looks like he hadn't reviewed it in a while. His attorney died so we have a sad situation here. Frazer Rice (02:12)Many lessons to get from that. Let's start with the first one. He definitely had ⁓ sort of dementia situations, cognitive dysfunction that eroded over the course of time. Maybe take us through a little bit about the scope of that issue. mean, it affects lots of people and a growing number every year and some things that should be in place because of that. Lawrence D. Mandelker (02:38)Yeah, you know, we all think we've got a lot of time and for someone who gets a diagnosis of dementia It's sort of a warning sign as soon as that happens that, you know, we never know when our time is going to come, but the dementia is sort of the warning. You know, maybe you're entering the second half of the game or the fourth quarter of the game. So maybe you should start getting your affairs in order while you still can. So it's a good ⁓ impetus to do that. You know, when we're looking at estate planning, there's, you you can do different types of estate planning, but really think about it as, you know, you can do it for yourself. You can do it- your loved ones and then you know for depending on the nature of your assets you can do it for tax purposes but you know getting ...

JOHANNA DAVID, Adjunct Faculty Member at Hofstra Law School is with us to talk about three estate planning mistakes and how to avoid them. Johanna is a Trusts and Estates lawyer, and a partner at Forchelli, Deegan, and Terrana. She's also the adjunct professor of law at Hofstra University. We're going to talk a little bit about mistakes that we see in estate planning and the simple things you can do to keep them away from your situation. Enjoy. https://youtu.be/gD_d9J609Vg Three Estate Planning Mistakes Chapters 00:00 The Importance of Estate Planning09:47 Common Mistakes in Estate Planning19:54 Understanding Trusts and Their Benefits24:00 Navigating Elder Care and Estate Planning Outline of "Three Estate Planning Mistakes" Frazer Rice (00:01)Welcome aboard, Joanna. Johanna C. David (00:03) -Three Difficult Planning Stories and What Can We Learn? Hi, thank you. Thank you so much for having me. I appreciate it. Frazer Rice (00:06)Well, happy to have you on because we are now, most people sort of put their estate planning off toward the end of the year, but I have a feeling given where the legislation is going, et cetera, that the crush is going to happen earlier than we think. In the meantime, you and I were talking beforehand about some mistakes that people make from an estate planning perspective and that they're very avoidable. I thought we'd take this opportunity to go into that a little bit. In your practice, maybe let's start with a couple of, or sort of the big ones that you see, ⁓ give us some ideas of some mistakes that people make that really should be avoidable. https://open.spotify.com/episode/57MMskGgp1P3fOVklGt090?si=ISap3Z_YSdqK_zg4-Dlevw Johanna C. David (00:48) - Structure and Other Planning Tactics Sure, absolutely. So the number one mistake that I think that people make is not having the proper estate planning documents. I see this happen time and time again. I don't know if it's because of the stigma. People are afraid to approach estate planning, right? Sometimes it makes your mortality very real. But the biggest estate planning mistake is not having the right documents. Everyone, everyone, I cannot stress, everyone needs to have at least a will, a power of attorney, and a healthcare proxy. And there are people that say, well, you know, I don't really have much, I don't need to do that, or ⁓ everything's gonna go directly to my husband and my children anyway. You know, that's how it works. But that's not exactly the case, right? You and I both know. So, especially if you have young children, young couples definitely want to have those things in place. You want to think about who is going to be the guardian for your child or your children if both of you pass away. And a lot of people don't think about that. And those only cause problems in the long run. I'll give you a quick example if we have time. But ⁓ Frazer Rice (02:02)⁓ please do. Johanna C. David (02:03) - Long Term Planning Issues and Avoiding Problems I remember, this was several years ago. I must have just started practicing and I had been a young attorney. So it was about 15 years ago and a woman came into the office and she and the decedent had been living together for about 30 years. They held themselves out to be married. Now, Frazer, you and I both know that New York does not recognize common law marriage. Frazer Rice (02:30)This is true. Johanna C. David (02:32) - Correcting a Big Will Mistake She was not aware of that. And so they were married for 30 years. Everything was in his name or excuse me, they were not married. They were together for 30 years, held themselves out to be married, not legally married. He owned the co-op apartment. Everything was in his name. Now he had a daughter from a previous marriage, legal marriage that was a strange. And you guessed it, our client did not get along with the daughter. So the father dies and guess who inherits the co-op that ...

We're going to be talking about the current incoherent world of US ENERGY POLICY. ANNA KRAMER joins the podcast to help us get our arms around the future of energy in the United States. Anna is a reporter for NOTUS, a non-partisan longform journalism outlet. She has written a series of stories on the the disconnect and frustration around US Energy Policy and paths forward. We talk about: The chaotic policy at the federal level (and beyond) The huge cost overruns and administrative complexity The role of nuclear The increased energy demand in this country Finally, we muse about what can be done about it going forward. https://youtu.be/3k-N-AGTNfU Outline Section 1: The US Energy Policy Transition: The Goals and the Problem. Discussing Brandon Shores Coal Plant and electricity prices in the Mid-Atlantic Region. https://www.notus.org/policy/biden-clean-energy-coal-maryland-brandon-shores https://www.notus.org/policy/electricity-prices-spiking-biden-clean-energy-transition https://www.notus.org/policy/nuclear-power-energy-crisis-cost Evidence that the transition is happening. Electrifying = efficiency. Cheap wind and solar, look at the free markets in Texas — ballooning wind and solar there The reliability, capacity, and resource problem: Needing certain amounts of energy and voltages at all times of day. Leads to keeping coal plants online past scheduled retirement dates, plus spiking prices How much do emissions and climate change goals matter to the industry? What role does nuclear energy play? Section 2: Interconnection Queues and Permitting Reform. Bipartisan and Industry wish for Permitting Reform: Why is it so hard for US Energy Policy?  https://www.notus.org/policy/permitting-reform-bill-manchin-environmentalists https://www.notus.org/policy/solar-farm-culture-war-biden-climate-change Section 3: Trump's US Energy Policy “dominance agenda” disappointing every part of the energy industry. Idea is not aligning with reality. DOGE cutting into the basic functions of energy governance. https://www.notus.org/policy/doge-cuts-trump-drill-baby-drill https://www.notus.org/policy/donald-trump-tariffs-trump-energy-agenda Transcript Frazer Rice (00:01)Welcome aboard, Anna. Anna Kramer (00:03)Thanks for having me, really psyched. Frazer Rice (00:04)I went through a bunch of your articles covering the power industry and energy generation and a lot of things that are happening federally, state level, and it's going to be a lot to get our arms around, but you were the person to do it. So just generally speaking, we're at a point in time with energy and transition ⁓ that policy is moving. Maybe take us through a little bit about the goals and the problem we face. Anna Kramer (00:31)So there are sort of two, I would say, competing problems right now. ⁓ The first one is load growth, which means basically more demand on the electricity grid. And that is something that we haven't seen in this country in decades. for really around 2000 up until maybe a couple of years ago, energy demand on the grid has been fairly constant or even declining slightly. And the reason for that is that everything has become more efficient. Like every appliance you use, every light bulb, your car, everything that could possibly have a demand on the grid is more efficient than it used to be, which is awesome. There's a lot of wonderful benefits that we get from that, including the fact that for a long time utilities and transmission planners and states and the federal government have not really ever had to think about the grid or about like where you get your power aside from these sort of technical conversations that the average person doesn't really pay any attention to. That has really started to change as of the last few years. There's a large number of reasons for that. Basically for the first time in decades we have significant demand expecte...

Family Office AI has become a dominant theme at the fancy dinners where families and their advisors chart a course to incorporate new technologies. As wealthy families grapple with the risks and opportunities of AI, institutional rigor and structure hasn't kept up with the often informal world of family offices. This is a mistake High end governance must play a part in the family office AI space. https://youtu.be/n_KHB_gOc9M We're going to be talking to TIM PLUNKETT, who's the founder and managing partner of Plunkett PLLC. He advise families on structure, governance and the development of procedure around these exciting, but potentially dangerous concepts. We're going to be talking about best practices for family offices as they deal with the artificial intelligence theme. Family Office AI "When looking at AI adoption in family offices it is important to remain true to the culture, operations, reputation and underlying trust among those who built the Office in the first instance. Remain true to your principles and don't get distracted by the new toys." - Tim Plunkett Family Office AI Transcript Frazer Rice (00:01)Welcome aboard, Tim. Tim Plunkett (00:03)Hey Frasier, how are you doing? Thanks for having me. Frazer Rice (00:05)doing terrific. we're in the midst of Trump tariff season, so it's a little crazy, I'm sure for everybody. yeah. so why don't we, we're going to talk a little bit about family offices and artificial intelligence, which I think is a theme. both themes are, you know, big unto themselves, but how family offices integrate with the space. I think it's something where it's a, it's an area where family offices can be very informal and. Tim Plunkett (00:11)We're blessed. Frazer Rice (00:33)Getting some institutional rigor around them is important. And so to that end, you have a lot of broad experiences advising businesses from a governance perspective. Maybe describe your firm for a few minutes and what you do. Tim Plunkett (00:47)Sure, thanks again. I have three pillars in my firm. I can only do certain things well, so I try and limit what I do. My training is as a litigator, and so I consistently think of things always as having to explain them in front of a judge, which helps with a lot of risk, which goes along hand-in-hand with AI and governance. The second part is I've done a lot of government relations work, which is working across disciplines and organizations, trying to advocate for certain outcomes and create business environments that are efficient, compliant, ethical. Again, all that ties back to the same foundations in the world of AI. And the third component of it is, is obviously the AI work I do, which came out of working in data privacy and security over the last 10 years. The natural flow was to move towards this sector. And today my practice is Mostly helping companies learn how to implement strategies that are fair, equitable, just, but also compliant with the laws and keeping in pace with the technological change, is really at breakneck speed and an incredible place to be right now in the world of opportunities in front of all of us. It's very exciting. Frazer Rice (01:57)So when you're canvassing companies and families that are invested in them, what are the use cases that you're seeing? Tim Plunkett (02:04)So use cases are, I mean, they're kind of all over the place. you look at in terms of how do you define the practices, have, there's operational use cases. so you have use cases that are like document intelligence and automation. Sometimes in places there's expense tracking and anomaly detection. There's dashboard creation for organizational purposes. You have investment use cases for deal sourcing. portfolio risk management, alternative data, source and analysis. You have governance use cases for succession planning, philanthropic impact analysis. So there's a lot of different cases that are out there.

BARRY RITHOLTZ's new book "How Not to Invest" has received a warm reception. We talk about investing mistakes, the Trump Tariffs, and curating a good media diet. https://youtu.be/pS4f45v2iRk https://www.amazon.com/dp/1804091197/ "How Not To Invest" Transcript Frazer Rice (00:03)Welcome aboard, Barry. Barry (00:04)Well, thanks so much for having me, Frasier. Frazer Rice (00:06)Well, we are recording in the midst of chaos and disorder. We're basically in day three, trading day three of the tariffs and trying to understand all of that. But back at the matter of hand, your new book, I read it really good. I thought it did a really good job of sort of colloquially putting some process and structure around not making bad investing decisions. Tell me a little bit about the impetus for the book. Barry (00:35)Sure, so the last book, Bailout Nation, was 15 years ago when I've had a lot of friends and family say, when's the next book coming? And, you know, I had a little, like, hey, that was kind of a slog, stuff blowing up and forcing me to rewrite entire sections of the book every time some new company went belly up. And I came home from Christmas break from vacation. You have that dead zone a few days before you're back in the office January 2nd. And I just started thumbing through some old quarterly calls for clients and research notes and market commentaries. You know, I had moved the blog from GeoCities in the nineties to Typepad in the two thousands to WordPress in the 2010s. And so I was looking at some of these old things and like, God, I never revisited this. This is such a great piece of research. I love this academic take on where alpha or even beta comes from. And I'm just kind of mulling it over. I start writing down chapter ideas on three by five cards like these. And I end up using this giant bulletin board on my wall. It just basically I start putting stuff up and I start rearranging them. And pretty soon it becomes obvious. Hey, these ideas, a lot of them are don'ts. Don't do this. Don't do that. Avoid this. Try not to make this bad mistake. And ultimately, I kind of came to the conclusion that, know, we've part of the reason I held off writing a book is there have been tens of thousands of investing books telling people what to do. And we're all pretty mediocre investors still. Maybe it might be useful if we learned what not to do and thus "how not to invest" was born. Frazer Rice (02:35)We found kind of an interesting crucible to test all of this with sort of Trump's tariff initiatives and a bunch of chaos on that front. As you think about what we're living in right now with uncertainty, whether manufactured or not, what are some of the top things that you think about that you tell people, your clients and otherwise? to keep in mind as we sort of weather this storm and try to learn a little bit about what the future is going to look like. Barry (03:06)Right. I had no idea what what the sequel would be named. Maybe it could be how not to run an economy or what we'll play with that. But so so what's happening these days are kind of fascinating because the first third of the book I spent a lot of time talking about how little we really know about about what's happening right now. And we learn even less about the future. And so our Frazer Rice (03:12)Ha Barry (03:34)A hot take on these things is maybe we shouldn't build portfolios based on having to predict where the economy is going to be, what the hot sector is going to be, where the hot geography is going to be, what the best companies are. Maybe we need to be a little more robust and capable of withstanding this. And the tariffs are a perfect example of how little we know. Look, the obvious examples of "How Not to Invest" Nobody had heading into 2020 in their year had forecast global pandemic that shuts the world's economy. And by the way, stocks go straight up. They just after a 34 percent crash,

https://youtu.be/xNeFuqsU7A4 Podcast Trailer Welcome to the "Wealth Actually" podcast trailer. I'm FRAZER RICE. After 170 episodes, I thought I'd check in to make sure that everyone understood what to expect from the show going forward, especially if you're new to it. For those newcomers, it was time for a quick podcast trailer. Ultimately, I'll be talking to a lot of different experts in their various fields. By day, I'm a chief operating officer / wealth strategist for large complicated families. This involves wealth management, tax, trustee issues, family dynamics, and the odd business succession story. I'm also a lawyer which means I'm interested in legal issues that surround these concepts. Finally, I enjoy politics and public policy. I grew up in it, and so I like to think about it and its interaction with my day job. Ultimately, this show is paired with a book called Wealth Actually, and the best way to reach me is via www.wealthactually.com. I hope this podcast trailer was helpful. I'm always looking to get it better. If you have guest ideas, topics to explore or or other ways to increase its reach, I'm happy to listen. Finally, if you have other shows that I think are worth experiencing, send them along. (For those repeat listeners, you will notice I changed the theme music too. It's a little more thunder, a lot less synthesizer. Let me know what you think of it.) Enjoy the show and be sure to like, subscribe, and share with your friends. More Episodes Find more episodes in the podcast section HERE Book To buy a copy of the book "Wealth, Actually", see the link below. (There is a great audiobook version that I just produced and is accessible on Amazon too) https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Social Media Linkedin Twitter IG BlueSky (NEW!) Podcast Trailer

The Internal Revenue Service is a massive "Three Letter Agency." It's a bureau of the Department of the Treasury and (believe it or not) one of the world's most efficient tax administrators. In fiscal year 2020, the IRS collected almost $3.5 trillion in revenue and processed more than 240 million tax returns. It has over 90,000 employees. It is also about as popular as Communism and Dog Catchers with most people! This makes running this most public of organizations a challenge for garnering resources and maintaining safety, stability and confidence in the revenue collection that makes this country go. https://youtu.be/mXxwh0IR3Ig Charles “Chuck” Rettig is a Shareholder at Chamberlain Hrdlicka in the Firm's Tax Controversy & Litigation practice and served as Commissioner of the Internal Revenue Service (IRS) from 2018 through 2022. He shares his experience with us and some pointers in dealing with the Service. How the IRS operates and its priorities: The volume of work and responsibility of the Internal Revenue Service The structure of the agency Data Science is the Future What it does that people may not be aware of Other parts of the Treasury opine on tax policy, but the agency provides guidance on workability Chuck as the Commissioner appeared before Congressional Committees 37 times in 4 years. Personality matters both internally and externally The Commissioner has an 11 person security detail and receives 3 credible death threats / week. What to expect in the next years: Legislative Uncertainty Administrative Challenges The Service has almost 400 Million "clients" with huge disparities in sophistication Resources are always a struggle- getting bang for the buck Personnel departures from the Service Prediction: Increased aggressiveness at the state level What best practices in front of the IRS look like. Setting up your affairs with a ling term strategy in mind Interacting with an Examiner Speed and Humanity The 3 headed approach to family office planning High end advisory work with the T&E group The overall context in working with the structure and culture of the IRS - having a backdoor channel Litigation support for those situations that need it. Links With Kelley Miller: The IRS Audits You- What's Next?" Transcript of the Show https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Frazer Rice (00:01)The IRS and taxation in general is in all sorts of tumult with the new administration. How to deal with the IRS, how to file your taxes, how to plan for things going forward. It's something to think about. We have Chuck Redig on and he is a terrific resource for all of our listeners. He's a shareholder at Chamberlain Herdlica. It is in the firm's tax controversy and litigation department. Frazer Rice (00:26)Most importantly, he served as commissioner of the IRS from 2018 through 2022. So we have a little inside baseball here on how the commission works and things to think about in your own practice. So Chuck, welcome aboard. Chuck Rettig (00:32) Thank you for having me. It's a privilege to be out. Frazer Rice (00:42)Well, it's a treat for us to have you and a real great opportunity. First and foremost, look, the three letters IRS are scary to just about anybody who comes in contact with them on a personal basis. Maybe break down a little bit how the IRS operates and what its priorities are. Background Chuck Rettig (01:01)Yeah, you know, when I went on board, somebody high up in Treasury, and I'm basically a kid from Los Angeles and Irish headquarters in Washington, D.C., and somebody from Treasury said to me, you know, congratulations, it's a Senate-confirmed position, and you are one of the five most powerful people in the United States, but you are absolutely the most hated. And I remember shaking his hand going, okay, thank you, you know,

Author and investment expert, JARED DILLIAN, joins the podcast for the second time to discuss his new collection of short stories, NIGHT MOVES. We talk about his talent for moving across formats and between fiction and non fiction. We go into the need for story-telling and the importance of holding an audience. Finally, we look for crossovers in his writing from his personal history, his move to South Carolina and his experiences in the Coast Guard and Lehman Brothers. https://www.amazon.com/Night-Moves-stories-Jared-Dillian-ebook/dp/B0DDLB49X1/ "Night Moves" by Jared Dillian From his military experience and investment experience to his DJ'ing prowess and obvious for multi-faceted talent for writing, Jared is a creator and a Renaissance Man- and a terrific, no nonsense person to speak with about the ins and outs of publishing. https://www.youtube.com/watch?v=c7pratxa3EY Writing across formats and how that led to NIGHT MOVES?  Non fiction  Novel  Short story - is the format a challenge or an opportunity? Newsletter - The daily grind of the Daily Dirtnap How to move between the daily pressure of writing a newsletter to the longer form content in non-fiction? Then, how do you move to the character development and world-building involved with fiction? Themes in NIGHT MOVES Sex, desperation, wistfullness Writing in a women's voice (how do you get into that headspace?) What does research consist of for short stories? Genre Favorites? Where you end the story determines whether it's a comedy or tragedy Do you start knowing where you want to end up? What does the format of a writing day look like?  Ie do the newsletters get in the way or help with other projects? Do you get stuck?  (Is there where it's convenient to have the newsletters) Music and Writing- The Crossover into NIGHT MOVES DJ'ing composing - what are the similarities in that process? Any crossover to investing? Where do we find the book and how else can people keep track of JARED? JARED'S SUBSTACK DAILY DIRTNAP Jared on "Wealth Actually" talking about his previous book, "NO WORRIES" https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ "Wealth Actually" by Frazer Rice

CT Reese of @WatchWithCT and Frazer Rice of @Frazerrice1873 are BACK for a continuation of our prior conversation about horror movies, genre flicks, and why EVERYBODY can learn something from the murder, mayhem, and monsters of the (silver? cell phone? where do people watch movies now?!) screen(s)!

In this episode of Just Press Record, I had the pleasure of chatting with two fantastic guests: CT Thomas, the host of the "Watch with CT" YouTube channel, and Frazer Rice, a wealth advisor and fellow movie enthusiast. We delved into the world of horror movies, discussing the importance of the three-act structure, the impact of character deaths, and the art of subverting tropes to keep audiences engaged. Our conversation also touched on the role of star power versus character actors, the nostalgia of VHS covers, and the significance of storytelling in both the entertainment industry and in our personal lives. It was a thrilling discussion that showcased the power of movies to evoke emotions and connect people through a shared language of storytelling.

Episode 019: For high-net-worth families, wealth is more than just numbers on a balance sheet. It represents a legacy, a responsibility, and a means to achieve their unique aspirations. Managing the intricacies of wealth preservation, succession planning, philanthropy, and lifestyle management for these families is no easy task. It requires a tailored and holistic approach that takes into account their financial objectives, deeply held values, and unique needs. In this episode of Connected, Kyle is joined by Frazer Rice, Director of Family Office Services at Next Capital Management. Frazer talks about the role of family office services in managing the wealth and lifestyle of high-net-worth individuals and families. Frazer emphasizes the importance of communication and conflict resolution in preserving wealth across generations. Join us as we discuss: [01:52] - Duke's football victory. [04:28] - Frazer's love for film and horror genre. [06:51] - Frazer's experience acting in a horror movie. [09:06] - How Frazer got into wealth management. [14:34] - Multidisciplinary approach in solving problems for ultra-high net worth clients. [17:37] - Challenges of raising kids in wealthy families. [20:59] - Why Next Capital decided to start family office services. [26:12] - When it makes sense to employ a family office. [29:59] - What RIAs need to consider when offering family office services. [32:02] - What the future looks like for the ultra-high net worth segment. [36:46] - The three best golf courses Frazer has played on and his top three bucket list courses. Key Takeaways The wealth management industry requires a multidisciplinary approach to problem-solving, combining expertise in law, finance, and other domains. Communication is the biggest challenge in preserving wealth across generations, and conflict resolution is crucial in avoiding destructive situations. The ultra-high net worth space requires independent advice and a focus on minimizing conflicts of interest. Technology can enable advisors to better serve clients, but manual labor and personal relationships will continue to play a significant role. Quotes "When you start moving up the wealth chain, and people start understanding that they have enough to spend during their lifetime and their legacy going forward is what's important to them, that's when you start getting into a different level of discussion and framework-building." ~ Frazer Rice "The biggest threat to wealth isn't bad tax planning or investments. The ecosystem of smart people to solve those problems is broad and wide. But the biggest issue is communication. And it's amongst in between the generations." ~ Frazer Rice "It's really my job and the job of the firm to help the families identify the different issues that are out there, look around corners, and look for opportunities, either for tax savings or structuring to further their goals." ~ Frazer Rice Links  Frazer Rice on LinkedIn Frazer Rice on Twitter Next Capital Management The "Wealth Actually" Podcast Wealth Actually on Amazon Football - Duke University Riley Leonard Sam Raimi Evil Dead Steve McQueen The Blob The Devil's Restaurant Tony Guernsey Wilmington Trust Connect with our hosts Milemarker.co Kyle on LinkedIn Jud on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify YouTube Google Podcasts Produce game-changing content with Turncast Turncast helps your company grow by producing top-quality content and fostering transformative conversations. We specialize in content generation, podcasting, digital strategy, and audience growth for fintech and financial services companies. Learn more at Turncast.com.

Private Wealth Manager | Podcast Host | Author Frazer Rice focuses on Family Office Infrastructure, Trusts and Estates, Private Company Board and Charity, Multi-Generational Wealth & Trustee Consulting for Next Capital. Frazer has written the book Wealth, Actually: Intelligent Decision-Making for the 1% and produces the successful “Wealth Actually” Podcast. He appears on a variety of media and industry panels to discuss wealth management practice, trusts and estates, family dynamics issues, and tax policy. He is on the Board of the New York City Estate Planning Council and is Co-Head of its Programming Committee. He received his B.A. in Political Science and History from Duke University and his J.D. from Emory University School of Law. Frazer lives in Manhattan and enjoys golf, travel, horror movies, media production, and writing. Today, we start with one of my favorite quotes from Frazer's book: “Very few of life's important answers are found in a pitch book or a slide deck.” – he further adds, “Unfortunately, the financial services industry makes its money, from the sale of products.” — He shares some advice how to navigate this fascinating, but challenging environment. We focus on the importance of anticipation when providing advice. We also tackle a big question: what it means to be rich? Frazer introduces the distinctions between current and legacy wealth, retirement planning vs. estate planning. We have a lively discussion about sudden windfalls, and Frazer proposes another way of looking at this life-changing event. Stay tuned until the end, when we talk about the real fear of losing it all. Links: www.frazerrice.com www.nextcapitalmgmt.com https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ --- ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Crisis Investing: 100 Essays⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - My new book. To get regular updates and bonus content, please sign-up for my substack: ⁠⁠⁠⁠⁠⁠⁠⁠https://bogumilbaranowski.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠ Follow me on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/bogumil_nyc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Bogumil Baranowski⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sicart Associates, LLC⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠adviserinfo.sec.gov⁠⁠⁠ --- Send in a voice message: https://podcasters.spotify.com/pod/show/talking-billions/message

In this episode with Frazer Rice, Author & Host of the Podcast "Wealth Actually", we talk: - All about the corporate transparency act coming in 2024 - What changes are coming in 2026 as tax laws sunset - How to plan for them based on what wealth level you are at - Why waiting till 2025 is a bad choice - Some charitable planning ideas for families to instill values in their children

State Estate Taxes - State Estate taxes can be a nasty surprise- especially with the disconnect between State and Federal Exclusions. Currently, the Federal Exemption stands at $12.92mm per person. 17 states have and estate or inheritance tax and it's often uncoupled from the Federal exemptions. In New York, the state estate tax exclusion stands at $6.58mm per person- and that exclusion isn't portable with a spouse. With state estate tax rates reaching 16%, this could lead to a potentially big number. However, planning around this tax can be complicated. Estate Planning Attorney, GEORGE BISCHOF is here to define the problem and the clients it affects, provide some context for planning and give us some ideas on how to deal with it. George is an Estate Planning Attorney here in New York City at the WILLS AND TRUSTS FIRM (https://thewillsfirm.com/). He focuses on clients between $4 and $20mm in net worth. Estate Tax Federal ($12,920,000 per person) vs NYS ($6,580,000 per person) More New Yorkers can be caught in this than they think Real Estate can be a big issue Linkage to Gift Tax (NYS has no gift tax) Rates (40% Federal vs 16% State) NYS Cliff - Established in 2014 105% Estate Tax Exclusion is where the cliff kicks in. Graduated Tax Calculation Goes back to dollar zero and can be a $250K+ mistake Calculated on NYS property NYS has floated a longer phase-out range, no progress yet Being a City vs State Resident is irrelevant (as opposed to an income tax situation) Portability – Federal: Yes, NYS: NO!!! (but, Credit Shelter Trusts can be a solution) Ways to Reduce / Minimize This Tax Using Charity and a drafting Santa Clause (a conditional formula bequest that leaves money to your preferred charity (or one chosen by your executor or trustee), but only if doing so will result in a higher after-tax estate for your beneficiaries). Changing your residence AND domicile (and cutting NY linkages!) - See an in depth discussion on this topic with attorney MARK KLEIN - (SNOWBIRD PLANNING EPISODE) Using Gifting to get "under the cliff amount" (but beware of 3 year look back). Moving wealth to non-NY jurisdiction Maximizing “portability” with Disclaimer or Credit Shelter Trust structures Disclaimer language in wills and/or trusts Make sure you have an independent co-trustee   BONUS: I wrote about this topic back in 2019 and it gives some context around the planning. (The numbers have not been updated): https://frazerrice.com/blog/the-return-of-the-nys-estate-tax-cliff/ https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/  "Frazer Rice is an employee of Next Capital Management, LLC. This podcast is not investment, legal, or tax advice, nor does it reflect the opinions of Next Capital Management. Any opinions represented in the show are Frazer's individually and not an endorsement of the guest. This podcast is for educational and entertainment purposes. It is neither investment, legal, nor tax advice and does not represent the opinions of any employers of the host or guest."

Crisis Management in the Wealth Space Lawyers, Accountants, Wealth Advisers and other advisers – are used to dealing with difficult situations all at the heart of their specialty.  But often, the advice the clients need goes past the wealth arena . . . . How do you help them when you hear situations like this? My son shows no drive and won't get up from bed- My daughter is cutting herself- My brother just got his second DUI this year and is running the business into the ground- The trustee of my trust has missed filing taxes and is making mistakes- What do you do when you are the first point of contact, but out of your expertise?  What happens when the family is in crisis and devastating wealth impacts are in view? What happens when it's not in your business model or expertise to deal with this part of the family's issues? How do you do the right thing by your client and yourself? JANE MINTZ is the person to help us deal with this gaping hole in the wealth management industry. Jane is an internationally respected pioneer who has spent 20 years working with individuals and families around crises related to addictive illness, mental health, and life concerns. Best known for her work as a concierge strategist guiding clinically complex individuals and their families through extraordinary challenges, she is also a noted thought leader, industry consultant, educator, and speaker who has garnered international recognition. Jane has extensive experience working with family businesses and private family wealth offices so that the dysfunctions of today do not destroy the legacies of tomorrow.   Jane is a Licensed Professional Counselor with multiple dimension training credentials in high acuity clinical clients. She is a Laurel School graduate (Cleveland, OH) with degrees from Washington University (St. Louis, MO) and John Carroll University (Cleveland, OH).  https://open.spotify.com/episode/6s4CX5W9qxMtXwRRbBOtUi?si=zvatryXoRUadZirFtJJO4w Outline Jane, in a couple of sentences, what do you do as Professional Counselor- How is your expertise applied to the wealth space? (Family Businesses and Wealth Offices/Trustees) Crisis What constitutes a crisis? What is the difference between a crisis and a mistake (or “growing pains”)? How does a financial advisor, coworker, wealth manager know when to intervene? What are we looking for signs and symptoms that someone needs help:   Misspending  Not showing up for appointments  Missed deadlines  Disruption in workplace  Missed work  Inability to participate in large planning matters  The Intersection of Being a "Fiduciary" and Getting a Client the Help They Need? What is a fiduciary relationship?  vs. Human Ethics? When do human ethics supersede fiduciary ethics?  How can a clinical strategist be a key collaborator in bridging the gap between the two?    What does a professional counselor do?   What happens when a client is introduced to to a Counselor?    What are reasonable expectations?  For the family? For the Adviser? What does progress look like?  How do you set up the structures for long term success? Where does the Adviser fit in that process? How do we stay in touch and how do listeners find you? JANEMINTZ.COM Books Mentioned . . . . https://www.amazon.com/Four-Agreements-Practical-Personal-Freedom/dp/1878424319  "Frazer Rice is an employee of Next Capital Management, LLC. This podcast is not investment, legal, or tax advice, nor does it reflect the opinions of Next Capital Management. Any opinions represented in the show are Frazer's individually and not an endorsement of the guest." https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

In this episode, I recount my experience in taking the plunge and jumping from a stable, large bank job to swim in some different waters. "Funding the Pivot" was written a few years ago as I was doing the post-mortem on my post-book experience. I think the lessons I learned can help a lot of people. This format a bit of an experiment for me in non-interview podcasting- let me know what you think of it. The transcript of the essay is below- thanks for listening! Follow me on TWITTER LINKEDIN YOUTUBE and INSTAGRAM, Don't forget to SUBSCRIBE/like/rate the show and feel free to send along to your friends. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ Funding The Pivot We live in a world where we are bombarded with advice to “follow your passion” and stories of people who wonder about the road not taken.  In fact, more people in their prime earning years are taking steps to fulfill their “dreams” before they reach the brass ring of retirement- a time normally associated with doing all of the things you didn't have time to do. What happens when you aren't close to retirement and want to make a career switch or start up a new business? What is realistic? How should you think about the risks so that you avoid a crippling financial decision? As clients and friends have come to me with this issue, I have taken my personal experience and some financial planning concepts to put structure around what can be a high risk, but high reward decision. The Assessment and the Plan Many of us daydream about a better tomorrow . . . better finances, more control of time, health and family happiness, a clearer path to professional or extracurricular achievement and establishing a legacy. These things don't come without costs and the risk of failure. Therefore, you need a plan. The first step is to assess the situation at hand. Are you running from something or running to something? Do you have an idea that will change an industry (or the world)? Do you want to start a business (and the hell that being an entrepreneur can bring) or do you just want to enjoy the trappings of a well-oiled business machine (already put in place)?  For those making career decisions because of an unpleasant work environment, I would think twice about running headlong into entrepreneurism.  It is a long and lonely road.  You have to “really want it” and be prepared for sacrifice both personal and financial.  Can the same itches be scratched while being traditionally employed? If your current situation is dissatisfying, could the correct change be a move to a firm that is more in keeping with your goals and principles? I had a little of both in my life and used parts of the creative process, the entrepreneurial experience and a corporate situation to move my situation ahead. My situation at my previous employer was suffocating.  I enjoyed working with clients, solving problems, identifying opportunities and being relevant to successful people. However, while enjoying success, I was not participating in the equity or direction of the business and I was not developing.  My career trajectory was flattening and the principles by which I worked were shifted by new management priorities. It was time to go no matter what. I also had a nagging feeling that I had more to bring to my clients, my firm, the industry . . . and myself.  I became involved in podcasting and speaking- two things that I enjoyed.  On the strength of that and my extracurricular interest in writing screenplays and essays, I felt like I had a book in me. Change is good, right? Change brings growth. Generally speaking, that's true, but change also occurs when you are laid off or when a company closes down. To that end, change is effective when you are the architect of the change. When you are driving new circumstances, you have more control over its effects. In my case, I spent a year writing the book,

Joined by frequent guest Frazer Rice (links to previous eps below), this week I dive into the fascinating backstory of the making-of John Carpenter's 1978 horror flick 'Halloween', a genre-busting/genre-defining/genre-expanding piece of forever in the movie business and in the popular imagination.   From its roots in Carpenter's 'Dark Star' to 'Assault on Precinct 13' to the happenstance on-set decisions that resulted in the bizarre mashup of 'Star Trek' into the 'Halloween' cinematic universe and beyond, this unassuming little inexpensive (300K) film has become an iconic bit of film history. In this episode we talk about 'Assault on Precinct 13', Jamie Lee Curtis, Donald Pleasance, Deborah Hill, Joe Wolf, Carpenter's soundtracks, P.J. Soles, the role the Hamburger Hamlet played in the history of 'Halloween', the differences between 'artistic horror' films like 'The Shining' and 'Carrie' versus more genre-normal films like 'Halloween', recount the role of the William Shatner Star Trek mask in the film, and MORE. Frazer's appearance on the pod to talk about 'No Time To Die' and Bond futures is here. Frazer and I talked 'On Her Majesty's Secret Service' here. Watch 'Halloween' here. Watch Donald Pleasance chew scenery on 'Columbo', as referenced in the episode, here.  

Dating apps combine many controversial concepts: technology, sex, societal change, economic intrigue . . . and the law. We are in the early stages of understanding how dating apps are affecting the way people interact. Our legal system is just now grappling with how to deal with bad actors in a world where accountability is scarce. To lay the ground work on these concepts is Irina Manta. IRINA D. MANTA is a Professor of Law and the Founding Director of the Center for Intellectual Property Law (CIPL) at the Maurice A. Deane School of Law at Hofstra University. Professor Manta's research spans legal issues involving intellectual property, torts, the Internet, privacy, national security, and immigration. A graduate of Yale Law School and Yale University, she co-hosts the dating podcast "Strangers on the Internet". Dating apps- what is the problem? A quick survey of the dating app scene: Hinge, Tinder, Bumble, Facebook?Bad incentives that apps send especially to men:  Technology and Incel culture . . . and scaleLegal problems - contract law, misrepresentation, privacy, torts etc . . . overlay of digital record-keeping on traditionally human interactionIntroducing accountability into the world of digital datingLegal and extralegal measures (including cultural changes) need to be put in place. Why hasn't the free market solved some of these issues?What are the collective action problems involved are? How (or who) should regulate this?How does this drive a law professor to write a book and have a podcast around this? Outro- Strangers on the Internet Links: PODCAST: https://shows.acast.com/strangers-on-the-internet/ IG: @swipestrangers Twitter: @swipestrangers Facebook: http://www.facebook.com/groups/strangersontheinternet/ LinkedIn: https://www.linkedin.com/company/strangers-on-the-internet/ Faculty Profile: https://law.hofstra.edu/irina-d-manta/  "Frazer Rice is an employee of Next Capital Management, LLC. This podcast is not investment, legal, or tax advice, nor does it reflect the opinions of Next Capital Management. Any opinions represented in the show are Frazer's individually and not an endorsement of the guest. This podcast is for educational and entertainment purposes and does not represent the opinions of any employers of the host or guest. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

If you are a casual sports fan, the emergence of the Saudi-backed LIV Golf Tour and its enormous sums of money has been a major story. It has all the elements of a classic drama: Famous Athletes Outsized PersonalitiesBig, almost infinite, moneyInternational IntrigueInternal workings and politics of powerful organizations We are lucky to hear from Joe Ogilvie, a PGA Tour Player for 15 years, about the impact of LIV Golf on the PGA Tour and the golf world in general. Based in Austin, TX, JOE OGILVIE is a former touring professional golfer with five professional wins including the 2007 U.S. Bank Championship. He was an All-American and All-ACC college golfer at Duke University where he majored in economics. Joe founded Ogilvie Capital in 2007, an investment advisory firm and later joined Wallace Capital Management as a long-only value manager in September 2014. Joe is uniquely qualified to opine on the state of golf as we guess at its future. He also gives us some background on his development as a world class player and his transition to asset management in his 40's when he retired from touring. This podcast was a blast for me! BACKGROUND How did you find your way into golf?Describe the process of going from amateur to pro to PGA Tour Pro?What is the economic reality of getting to the PGAT and being a tour pro?With numerous high finishes and a win, what changes after that?With your deep background in economics and interest in business, what were you doing in parallel to your golf career?The role of Pro-Ams and having access to the best and brightest in all fieldsLearning from the best and using your alone time to maximum effect: "Don't Eat Dinner with Bad Putters."Transitioning from playing to investments full time and getting to Wallace CapitalHow did you make the decision and what were the steps? LIV GOLF and the PGA TOUR What is the state of the golf union as you see it?How does the "grow the game" sentiment work with the money flying around? Does the LIV pose a threat to the PGA with the young college talent?Is there room for common ground?Will the Official World Golf Rankings Points catch up?Where do you think this goes in five years?Has the sport really grappled with what a post-Tiger money environment looks like? Is there a "next Tiger?"If chairing the board of the PGA what big initiatives would you be thinking about?  GOLF NERD-DOM Take us through a couple of the important shots in your career- the chip-in on 16 at the US Bank OpenFavorite courses?  Maybe some under the radar ones?What are your thoughts on the explosion of length in the game? JOE OGILVIE TWITTER: @OgilvieJ *This podcast is for educational and entertainment purposes. Frazer Rice is an employee of Next Capital Management, LLC. This podcast is not investment, legal, or tax advice, nor does it reflect the opinions of Next Capital Management. Any opinions represented in the show are Frazer's individually and not an endorsement of the guest. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

Private Jets are on the minds of all successful people. The time savings, security, convenience and prestige appeal to the everyone. However private aviation is so much more. It can be complicated and it's definitely expensive. To help us survey the issues around flying private, I spoke with DAVID CLARK. David has developed expertise from over 30 years in the private aviation industry through several key roles working with international corporations and Family Offices. He is the Principal of the Integris Aviation Consultancy Fluent in Portuguese and English, he divides his time between North and South America working with Family Offices and flight departments OUTLINE What are some of the main reasons family offices choose to start using private aviation? The Value of Time - and the appeal of Private Jets What are the distinct options that exist for accessing private aviation? Break that down for us. On Demand Charter Jet Cards – package of hours Fractional Ownership- depreciable asset Whole Ownership- control; own or lease What kind of methodology exists from a financial standpoint when it comes to private aviation? Walk me through that. 5K/Hr + taxes and fees Jet card- 25, 50 or 100hr increments Fractional Share- retail cost of plane divided by share Whole Ownership- buy the whole thing You talk about a best-practices approach a lot - what do you mean by that? Over 60 yrs- lots of lessons, safety, operational, risk, financial- knowing how the industry workflows and "supply chains" work is key. What is the state of the private aviation market today? Is this a good time to get in? Covid lockdown Opening up- boom – People discover how addictive it is. The billionaires crack, kids go back to public school before going back to private- Pilots? What is the best advice you can give a family office wanting to use private aviation but don't know where to start? Build a Team: Avaition Consultant Aviation Attorney Tax Technical ESG Security **Disclosure: This podcast is for educational and entertainment purposes. It is neither investment, legal, nor tax advice and does not represent the opinions of the employers of the host or guest. Frazer Rice is an employee of Next Capital Management, LLC. This podcast is a property of Wealth Actually LLC and does not reflect the opinions of Next Capital Management. Any opinions represented in the show are Frazer's individually and not an endorsement of the guest." https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

Estate planning is a hot topic with potential law changes on the horizon and sunset back to the pre Tax Cut & Jobs Act amounts in 2026. In this episode of the PFP Section podcast, JG Gassman, CPA/PFS, talks with Frazer Rice, J.D., about effective questions to use to engage with clients to make sure their plan is in order. Some may sense for new clients only and others are good to use to check in with ongoing clients. The questions are: Do you have an estate plan? Who prepared the estate plan? Was your family involved in the estate plan development? When was the last time you reviewed your estate plan? Is the estate plan you built properly implemented and funded? Access resources related to this podcast: Note: If you're using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.  Article: 5 estate plan questions for advisors to ask clients Practice Guide: 2022 Adviser's Guide to Financial & Estate Planning Volume 1 Broadridge Advisor: Client friendly communication and education pieces (included with PFP membership) This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Wealthy families have a lot of complexities to deal with. There is a seemingly endless amount to organize, direct, and plan ahead for across their assets, activities, relationships, and many other aspects of their lives,  especially for families who want to develop a large and thriving family business that will last for generations. Frazer Rice, the Regional Director at Pendleton Square Trust, Author and Podcast Host of "Wealth Actually” discusses how the family office helps manage these complexities, the basic things you need to know, how to assess if you need a family office service and so much more!  [00:01 - 10:57 ] Opening Segment Pendleton and its role in tax from a business, family, and private trust company perspective Pendleton trust services explained Private Trust versus Corporate Trust company [11:31 - 21:06 ]  Family Office: Purpose, Benefits, and Services  Zero Income Tax Capability & Asset Protection When do you need a family office Questions to ask yourself to assess your status Intergenerational wealth issue Types of taxes and how you could deal with them wisely Tax Avoidance versus Tax Evasion [25:48 - 39:59 ] Family Office Regulation  Data Security  How do you protect yourself from cyber-attacks? On new Asset Class (Cryptocurrency, NFT, etc.) The common characteristics to lead a successful multi-generation family [44:53 - 48:57] Wrapping Up!  What makes Pendleton different from other trust companies Key Quotes “If you're paying estate taxes or have some sort of liability, that's a good time to be thinking about trust structure.” - Frazer C. Rice “Understand exactly what you own and what that means. Then understand how it is custody and how you access it, etc. If you don't understand how its custody, you just shouldn't be playing in the space… Because if you don't understand how this stuff works, then you really fall prey, you won't understand why value goes up or down.” - Frazer C. Rice ------------------------------------------------------------------------------------------ Connect with Frazer: Website: frazerrice.com / pendletonsqquaretrust.com Linkedin, Instagram, and Twitter: @frazerrice 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!

Brent chats with Frazer Rice about how to preserve generational wealth. They discuss strategies for communicating with clients about money, establishing a solid plan, andContinue reading

I'm joined this week by Frazer Rice, a James Bond freak whose familiarity with the films, the books, the comic strips, and the business of Bond makes him the idea guest to chat and speculate with on The Future Of Bond. With 'No Time To Die' closing out the Daniel Craig era, Bond now enters what likely is a 2-4 year window between films and a search for the Next Bond.  The search this time is perhaps culturally poised to branch Bond out, or, at least, the times we live in would seem ripe for a reimagining of the Bond character, perhaps away from the white male origins of the character.  But post-taping, Bond gatekeeper and producer Barbara Broccoli gave an interview in which she said it was her belief that Bond should be British and male, so...perhaps we'll get a different Bond, but not, alas, a female Bond (my personal #1 choice to replace Craig is a British woman, you'll hear who that is in the episode). Frazer and I cover the recent sale of Bond studio MGM to Amazon and what that means for the future of the franchise, we traipse through the historical record of Bond changes from the Connery-to-Lazenby era to the Connery-to-Roger Moore era, Timothy Dalton, Pierce Brosnan, and Daniel Craig. We talk some surprising actors who were offered the role over the years, but who turned it down. We rank All Time Bonds, with a surprising list for both of us, and we offer up our top choices for the Next Bond, all while enjoying some great Bond clips and music.   Frazer on Twitter Frazer's Graphic Novel A Reasonably OK Book About Bond History My Favorite Bond & Bond Film

On today's episode of The Real Estate Nerds Podcast, our host and attorney Scott Smith is joined by Frazer Rice. The two attorney-investors dive right into a deep conversation about asset protection and management, learning financial responsibility, and the true meaning of wealth.Note that this is an episode in our “Live From FinCon 2018” Series. Don't forget to check out the Royal Legal YouTube channel for video extras and other great content. Back to the show...Tune in to Episode 41 of The Real Estate Nerds Podcast now to hear the full conversation.Listen To Episode 41 of The Real Estate Nerds Podcast NowFrazer Rice on Wealth Actually and Steps You Can Take To Keep More of Your Investing Income in Your HandFrazer Rice sits down with our host and asset protection attorney, Scott Smith. Together, they chat about Frasier's latest book,[0:45] Frazer is a wealth expert who helps other investors keep as much of their earnings in their own pockets. This includes asset protection, but also tax minimization work. He points out the many ways that the U.S. Government, via taxation, pockets taxpayer dollars through sheer ignorance on the part of the taxpayer.[2:00] Frazer recently authored Wealth Actually: Intelligent Decision-Making for the 1%. The book is full of wisdom for those changing asset classes or “moving up” in the real estate world.[2:30] Scott expresses his admiration for the book, relating his own experiences as an asset protection attorney.[3:15] Frazer points out the need for unique, customized plans: “You could be a doctor with a high litigation risk. You could own a construction company. You could have a high inheritance risk with a drug-addicted sibling. Everyone's situation is different.” Each of these circumstances requires a specific type of risk management, and that's where Frazer's latest work is useful[5:30] Scott asks what motivated Frazer's latest book. Frazer immediately points to taxes, and how to mitigate capital gains and minimize tax liability. He also speaks to how to form an adequate estate plan--advice he routinely gives his clients. Failure to form an estate plan can lead to lengthy litigation, forced sales, and plenty of avoidable fees.[Tweet "“You could be a doctor with a high litigation risk. You could own a construction company. You could have a high inheritance risk with a drug-addicted sibling. Everyone's situation is different.” - Frazer Rice, Real Estate Nerds Ep. 41"]Tools Even Children Can Use for Learning Fiscal ResponsibilityFrazer shares some of his practical tips for working with young people to set them up for a life of financial responsibility. Since financial literacy is generally overlooked in schools, Frazer has taken the initiative to fill this education gap.[7: 20] Frazer lists a couple of exercises for teaching children about investing, preparing them for a lifetime of responsibility. They learn early on about losing as well. Siblings present an ideal situation, as they can work together on exercises to determine their strengths and weaknesses[10:00] Scott inquires whether these concepts are for children only. Frazer replies that financial literacy is something investors can work on at any age. Scott asks how Frazer explains headier concepts like taxes, real estate investing, and problem-solving. Frasier replies that his financial literacy tools are modified for age-appropriateness.[14:00] Scott asks about whether it is worth the effort to train children in their real estate business for seamless transition. Frazer says yes, and that the lessons about wealth are fairly intuitive--and better off taught. He elaborates more on wealth management with some stories from his experiences with clients.[18:30] On the subject of wealth, Frazer points out that a broad definition can improve your life: “There's a currency of success that has nothing to do with dollars.” Scott agrees, and points out that people can use real estate for passive income to free up time to pursue the things they really enjoy.[21:00] Scott asks a bit more about how children learn from early investing options. Frazer believes if the power of compound interest were taught universally, Americans in general would be doing better.[Tweet "“There's a currency of success that has nothing to do with dollars.” - Frazer Rice, Episode 41 Real Estate Nerds Podcast"]The Takeaway: Your Approach Can Be What Makes The Deal WorkScott and Frazer wrap up with the take-aways points from their discussion. Both investors agree that a strong backing system and network is vital.[22:40] Scott points out that most investors take mis-steps because of their own blind spots.[23:00] Frazer confirms, and further elaborates that skill sets are diverse, and that's okay: “You don't need to know how to solve every problem..If you're okay at a couple of things, that's a good business model.” Some team members may be better with lenders, while others can crunch the numbers on properties and comps easily. Still others may be more equipped for managing contractors and the properties themselves.

On today's episode of The Real Estate Nerds Podcast, fellow attorney-investor Rebecca Walser sits down with our host and attorney Scott Smith. If you've ever wondered what happens when a couple of lawyers sit down to talk real estate shop, Rebecca and Scott are here to help you find out. Tune in for some free insider knowledge as well as a good-old-fashioned Bat Beats episode.Tune in to Episode 42 of The Real Estate Nerds Podcast now to hear the full conversation.Listen To Episode 42 of The Real Estate Nerds Podcast NowRebecca Walser on Building WealthScott Smith welcomes Rebecca Walser, who shares about her background, business philosophy and wealth building strategies.[0:45] Scott is particularly enthusiastic about talking about a bad deal with a fellow attorney, and asks Rebecca to share some more about her background and practice. Rebecca is a Certified Financial Planner who worked in finance for over a decade before attending law school at the University of Florida, then proceeding with her LLM in Federal Taxation at NYU.[4:00] Rebecca's law practice centered around tax minimization for high net worth individuals. She describes a revelation she had during a meeting with a client where she decided to strike out on her own, “marrying” her love of both law and finance.[6:00] In Rebecca's practice, Walser Wealth Management, she regards market volatility as the first of two major threats to wealth building and maintenance. Tax issues present the other major issue to keeping wealth. [8:00] Rebecca shares how her background informs the way she serves her clients: “Our practice is unique not only because we help build wealth financially, but because we also make sure the wealth is built in the right tax bucket.” She believes approaching tax and traditional wealth building holistically is essential. Using a self-directed IRA to hold real estate investments is a common and effective strategy among Rebecca's clients.[Tweet "“You could be a doctor with a high litigation risk. You could own a construction company. You could have a high inheritance risk with a drug-addicted sibling. Everyone's situation is different.” - Frazer Rice, Real Estate Nerds Ep. 41"]Self-Directed IRAs and Real Estate: Managing ExpectationsRebecca shares how self-directed IRA deals can sometimes go sideways, and the best management solutions for when they do.[10:00] Rebecca describes pairing with a group to establish manage self-directed IRA accounts, including finding deals. She experienced some difficulties in terms of on-the-ground property management. Poor property management can get expensive fairly quickly. Many of Rebecca's clients like real estate's “hands off” investment approach when property management is active and professional.[12:20] Scott discusses Rebecca's vetting process for the nationally-recognized company that managed her clients' properties. He wonders if contractual solutions could have improved her situation, or whether to simply take a different approach moving forward.[14:26] Rebecca points to the nature of expectations in this type of asset (real estate in a self-directed IRA) and its unique problems as learning moments in her own story. Scott suggests real estate investors may have, or at least desire, a heightened sense of control over their asset than a typical investor would feel over a stock or a bond.[18:00] The two investors agree one one critical point: “Real estate should be looked at like any other investment: whether it's working or whether it's not.”[19:30] Scott brings up client management. He finds “high transparency and frequent touchpoints” useful for problem-solving with clients. Rebecca agrees both are important in professions where you're managing other people's money, as she and Scott are. Rebecca shares some communication strategies for clarifying her company's role and boundaries regarding clients and their investments.[Tweet "“There's a currency of success that has nothing to do with dollars.” - Frazer Rice, Episode 40 Real Estate Nerds Podcast"]The Takeaway: Rebecca and Scott conclude the show with their “lessons learned” from Rebecca's story.[23:57] For Scott, clarifying expectations upfront is a huge lesson to be learned from Rebecca's experience, particularly surrounding responsibilities to other people.[25:05] For Rebecca, cautioning clients about the distinctions between real estate and stocks/bonds has proven essential. She points out failure to do this creates a situation the company has to manage later anyway. Rebecca succinctly sums up: “Real estate, as great as it is, we do ourselves a disservice to describe it as turn-key easy.”

On today's episode of The Real Estate Nerds Podcast, fellow attorney-investor Michael Quarles is giving us a twofer. Normally, we focus on one Best Deal or Worst Deal--but Michael has two Bad Beats to share with us today, and a host of free information about negotiation, investing psychology, and why success is a “requirement” in his life.Tune in to Episode 43 of The Real Estate Nerds Podcast now to hear the full conversation.Listen To Episode 43 of The Real Estate Nerds Podcast NowMichael Quarles on the Finer Points of NegotiationScott Smith welcomes Rebecca Walser, who shares about her background, business philosophy and wealth building strategies.[1:00] Michael decides to share two of his worst deals with our listeners. Scott asks Michael to set the stage for the period of time before the deal.[2:00] Michael has been engaging in entrepreneurship since he was a teenager. He shares his general real estate investing strategy, but also describes himself as a “serial entrepreneur.” [3:30] Michael took a student to a presentation, and actually posed as the student to bolster his mentee's credibility. After a lengthy wait in the car, the student emerged from the meeting dejected. Michael had thought everything would go perfectly, and asked what went wrong. The student simply replied “I started talking.”[4:45] Michael shares the lesson his student learned the hard way: “That's the worst thing we can do: not realize when we've said enough. And when we've said enough, stop talking.” That resulted in the loss of the contract.[6:00] Michael points out that any time a seller offers you something, even something as minor as a beer or a glass of water, you should take it. These small offers are actually closing signals. “Consumers give us little hints and triggers that we can see,” he explains. [7:30] Scott wonders whether Michael's point is really about how to listen. Michael clarifies that at this point, he means simply stop talking about real estate. [9:05] Michael shifts towards his thoughts on negotiation: “We can't convince someone to do something they don't wan to do...But through the art of negotiation, we can convince them to set a price that causes us to say yes.” He describes an example.[12:05] Michael gives some surprising advice on negotiation: “If you want to learn how to negotiate, how to communicate: go talk to a 3-year-old.” Michael points out children this age do not know how to lie yet, but have some reasoning abilities.[13:20] Scott asks about situations where execution does not line up with training, such as when they take classes like Michael's. Michael points out that one must be a gifted storyteller to be an effective negotiator, and that practice is vital to any learned information. He and Scott do a brief exercise to illustrate this point. They speak back and forth using only three words, a tactic Michael recommends.[16:00] Michael describes how he always surveys his tenants after the fact. He found she did not get to communicate with him the way she wanted to, which he considers a personal failure.[17:30] Scott and Michael discuss the power of mimicking, a tactic effective with both children and fellow investors.Michael Quarles' on The Beauty of Ugly HousesThe two investors shift focus to the second deal Michael wants to discuss.[18:00] Michael bought a house that was “not quite a duplex” but had an additional small house in the back of the property. There was a double homicide in the house, which worked to Michael's advantage with lenders. But that wasn't the end of the criminal element: the offender who committed the homicides returned to commit an arson in an attempt to destroy the evidence relating to the homicides.[19:00] Michael easily resold the house to another investor who renovated it, got a tenant in, and is still profiting. The lesson he learned from this deal is simple: “Those deals that don't conform are the ones where we make the most money.” He goes on to state he would buy every “ugly” house in his city, given the opportunity.[21:00] Michael's current market is direct tenants and investor-buyers (typically flippers). There is a specific value in the types of houses he purchases--those under the median for the area. Michael encourages investors to look at the properties through the eyes of the consumer.[23:00] Michael points out that ethical, moral, and legal boundaries are critical. He also points out that the order of those is significant, as something can be legal but not ethical.[25:00] Scott points out that acceptance of certain harsh realities can serve the savvy investor. [26:00] Michael describes visiting a house that was outside of his comfort zone. He found a highly motivated seller who was in need of back surgery that made his home uninhabitable during his recovery. He also wanted a relatively low amount of the house. He sold it within ten days.[Tweet "“There's a currency of success that has nothing to do with dollars.” - Frazer Rice, Episode 40 Real Estate Nerds Podcast"]The Takeaway: Facing Fear and Requiring SuccessMichael and Scott wrap up with their major lessons learned from Michael's experience.[28:42] Scott points out a major learning lesson from Michael's story. He finds that we must practice habits of success regardless of outcome. Michael counters that even a failure is a type of success, and necessary.[30:00] Michael asks about the cost of law school, and legal education generally. 3.5 years and $150,00 is the figure they settle on. He points out that many investors spend massive amounts of money to “hit the home run” upon execution. He shares a story of overcoming fear as he forged a professional relationship with a female investor.[32:00] Scott points out that a life of comfort is one that can cause regret about not taking more risks. He puts it bluntly: “Risk always means fear, and overcoming fear.” [32:00][36:00] Michael shares his own take-away. He encourages the audience to treat life like a requirement.

Edward Marshall is joined by Frazer Rice, Regional Director of Pendleton Square. Frazer works with families and individuals in developing and implementing fiduciary structures to achieve family goals. Frazer is the author of Wealth Actually and hosts an affiliated podcast where he interviews experts in the wealth space. Frazer provides insight into valuable lessons learned, including properly communicating with professional services advisors, successful wealth planning around cryptocurrency, the impact of artificial intelligence, and the modified family office landscape in a post-pandemic world.

I met with Frazer Rice to discuss the investment outlook for the 2021 and post Covid-19 pandemic. As always Frazer came prepared and made a number of great points and conclusions however due to the great conversation the episode extended past the 60 min mark. Hence this episode will be available to you in 3 parts. In part three Frazer and I talk about new emerging technologies and how they are starting to impact college sports in the USA. Tune is for more! Frazer has more than 20 years of professional experience in the wealth management sector, which he briefly summarizes in his book "Wealth, Actually: Intelligent Decision-Making for the 1%". Link to his book: https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ref=sr_1_1?ie=UTF8&qid=1532552978&sr=8-1&keywords=wealth+actually+frazer

I met with Frazer Rice to discuss the investment outlook for the 2021 and post Covid-19 pandemic. As always Frazer came prepared and made a number of great points and conclusions however due to the great conversation the episode extended past the 60 min mark. Hence this episode will be available to you in 3 parts. In part two Frazer and I focus on inflation and new market trends which were ignited by Covid-19. Tune is for more! Frazer has more than 20 years of professional experience in the wealth management sector, which he briefly summarizes in his book "Wealth, Actually: Intelligent Decision-Making for the 1%". Link to his book: https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ref=sr_1_1?ie=UTF8&qid=1532552978&sr=8-1&keywords=wealth+actually+frazer

I met with Frazer Rice to discuss the investment outlook for the 2021 and post Covid-19 pandemic. As always Frazer came prepared and made a number of great points and conclusions however due to the great conversation the episode extended past the 60 min mark. Hence this episode will be available to you in 3 parts. In part one Frazer and I catch up after a long time and start discussing the most prominent Risks that are currently present in the market. Tune is for more! Frazer has more than 20 years of professional experience in the wealth management sector, which he briefly summarizes in his book "Wealth, Actually: Intelligent Decision-Making for the 1%". Link to his book: https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ref=sr_1_1?ie=UTF8&qid=1532552978&sr=8-1&keywords=wealth+actually+frazer

Frazer Rice (https://frazerrice.com/) is a Regional Director for Pendleton Square Trust Company (https://pendletonsquaretrust.com/). In that capacity, he focuses on trustee, fiduciary and family governance issues for wealthy families. He is the author and podcast host of "Wealth, Actually (https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT)" which centers on decision-making for wealthy families The podcast interviews wealth experts and entrepreneurial families and individuals. Standout Quotes: * "Something that's happening industry-wide or at least in the US is the concept that being a corporate trustee is a different business than the asset management side of wealth management" - [Frazer] * "Most of the trust planning is articulating a move at the minimum from Gen 1 to Gen 2" - [Frazer] * "I view the Trust and the planning around the Trust to be an outgrowth, when done correctly, of a solid communication structure that has been developed within the family" - [Frazer] * "What the family bank approach is offering to families is a way for them to pass on their intellectual capital...to their human capital, the next generation by having them apply for the financial capital" - [Mike] * "If the kids see what's important to the other kids early, and attach a dollar manifestation around that, I think that you're building the context so you have fewer blow-ups later on" - [Frazer] * "I think the most important thing anyone can have in their lifestyle is the ability to be comfortable in their own skin" - [Frazer] Key Takeaways: * Frazer shares his background and experiences so far, from college to working in politics, after which he decided to study law and gained exposure while working in different firms. His career started down the path of wealth management when he worked with a Trust company. * He is also the author of the book "Wealth Actually" and the host of a podcast that discusses topics related to finance and wealth management even though that was not the initial plan for the podcast. * Pendleton Square Trust is an administrative Trust company that fulfills the function in a Trustee role aimed at helping families get access to good Tennessee jurisdiction. * 3 main Functions of a Trustee: First is the administrative function which includes safeguarding and reporting on assets, paying the taxes. The Second is the distribution of the asset to beneficiaries. The third function is the investment management of the asset which is excluded at Pendleton, Frazer believes most places don't do everything well. * A trustee does not have to be a corporation, it can be an individual acting as a trustee with the ability to perform all 3 key functions, however, it may be difficult to find one person who is great at all functions. * A lot of families would prefer to have more control, and a private trust company allows them to control the aspects they're comfortable with and outsource the rest. * There is a possible conflict where corporate trustees who also provide asset management services invariably provide their asset management services. * The most common customer for the company is a US family that is either actively transferring wealth from the first generation to the second generation or generally has a multi-generational approach. * For those families that have taken their hands off the wheel in terms of managing the wealth, the Trust company operates more like a family office but for those still actively engaged in the continuation of the business, that business becomes the real center of the family office. * One of the real destroyers of wealth is bad communication amongst the family, this leads to conflict, which leads to litigation and litigation is expensive * There's a lot of good work that needs to be done ahead of building the structures so that you're not only setting something up that takes care of the money for the family, you're also getting the family ready for the money. * Family or Shared Philanthropy is one of the tools that helps to work with families as it gets the family members to express their interests and helps them work together while considering the needs of each other. * The Vacation Fund Concept: This is another tool, and the idea is to have the kids make a joint decision around the investment of money by getting them to plan the vacation based on a particular amount available. It helps identify which kids have aptitude and interest, the aggressive or conservative ones, and other responses exhibited by the kids towards the task. Summarily the kids get involved in financial planning and learn critical points related to it. * The idea of a Family Bank is putting structure around the request of money for projects so that it forces preparedness in front of real people who have to make a decision. Learning that persuasion is important helps the next generation to deal with the real world. * It also provides an opportunity to combat the situation of assets growing linearly being overtaken by liabilities growing geometrically, as more opportunities explored can increase the growth of assets. * There's a big difference between Operational succession and Ownership Succession of a family business, the difference in roles may mean some people get paid more but this needs to be discussed earlier on before the transition period. * From Frazer to his kids: I think the most important thing anyone can have in their lifestyle is the ability to be comfortable in their skin. The concept of trying to please other people's sense of success is a difficult road because you're never going to please everyone all the time, more so you will be running from things that could be your path to success. o * Run your own race, be comfortable in your own skin. Episode Timeline: * [00:46] Introducing today's guest, Frazer Rice, Regional Director for Pendleton Square Trust Company. * [07:26] About Pendleton Square Trust Company and Wealth Management. * [08:46] The 3 main functions of a Trustee. * [11:21] In the US, do families have to appoint a company to act as Trustee in an administrative capacity. * [12:16] The concept of a Private Trust Company. * [18:54] Who would you say is your most common customer? * [28:02] Frazer shares tools used when working with families. * [32:51] The Vacation Fund Concept. * [38:40] Frazer's insight on a Family Bank. * [47:57] Frazer's letter to his kids For more episodes go to BusinessOfFamily.net (https://www.businessoffamily.net/) Sign up for The Business of Family Newsletter (https://www.businessoffamily.net/newsletter) Follow Mike on Twitter @MikeBoyd (https://twitter.com/MikeBoyd) If you feel it's appropriate, I'd so appreciate you taking 30 seconds to Leave a Review on iTunes (http://getpodcast.reviews/id/1525326745), I receive a notification of each review. Thank you! Special Guest: Frazer Rice.

Crypto holdings are an unusual asset class. However, Frazer Rice says that “everyone should have an estate plan, regardless.”In this episode of “On Purpose,” host Tyrone Ross sits down with Frazer Rice, the regional director for Pendleton Square and the president of Wealth Actually LLC, a financial service and legal media company, to tackle the critically important topic of bitcoin-aware estate and wealth planning.Ross and Rice lay out the three major functions financial planners need to worry about when conducting crypto and bitcoin estate planning: 1. Recordkeeping and the administration of the assets that are within a trust 2. Distributing the assets correctly in accordance with trust documents and state law3. The “investment Component” From actionable “next of kin” instructions to multi-signer bitcoin accounts, if you’ve ever wondered what happens to crypto (yours or your clients’) after you’re gone, this is an episode you won’t want to miss. A message from Tyrone:The greatest number of people living in poverty are children. We need to change that. If you can, get involved and give back to NoKidHungry.org. Love and Light. I appreciate you!

Frazer Rice is the author of “Wealth, Actually: Intelligent Decision-Making for the 1%”, host of the “Wealth, Actually” podcast, creator of the "Wealth, Actually" blog, and a Northeast Regional Director for Pendleton Square Trust Company. Frazer is an attorney and experienced trust officer. His wealth management career has included serving for over 15 years as a Managing Director at Wilmington Trust Company. We cover a lot of ground in this episode including estate planning, reasons for using trusts, selecting trustees, family dynamics, investing for 1%'ers, and much more!      This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free website at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.     This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.    

[Frame - 01:06] Estate Tax opportunity[Frame - 06:45] Idea- conservation easements[Frame - 15:50] Rapid fire   For part 1 go --> https://bit.ly/33xu5iN For part 2 go --> https://bit.ly/2PEEOzT This communication is available for information purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle.  Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to an offering memorandum and related offering documents which will be provided to qualified prospective investors upon request.  Prospective investors should review a Fund’s offering memorandum carefully, which includes important disclosures and risk factors associated with an investment in a Fund. The views and strategies described may not be suitable for all investors. They also do not include all fees or expenses that may be incurred by investing in specific products. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. You cannot invest directly in an index. The opinions expressed are subject to change as subsequent conditions vary. Reliance upon information in this material is at the sole discretion of the reader. Advisory services offered through ACG Wealth Inc.  ACG Wealth Inc. is an affiliate of ACG Investment.

[Frame - 01:15] Tax planning[Frame - 10:30] Estate planning   For part 1 go --> https://bit.ly/33xu5iN For part 3 go --> https://bit.ly/33Pt7id This communication is available for information purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle.  Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to an offering memorandum and related offering documents which will be provided to qualified prospective investors upon request.  Prospective investors should review a Fund’s offering memorandum carefully, which includes important disclosures and risk factors associated with an investment in a Fund.   The views and strategies described may not be suitable for all investors. They also do not include all fees or expenses that may be incurred by investing in specific products. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. You cannot invest directly in an index. The opinions expressed are subject to change as subsequent conditions vary. Reliance upon information in this material is at the sole discretion of the reader. Advisory services offered through ACG Wealth Inc.  ACG Wealth Inc. is an affiliate of ACG Investment.  

[Frame - 01:35] Frazer Rice – Introduction[Frame - 01:35] Environment: Estate tax[Frame - 12:57] Setting yourself up for 2021 on all tax fronts- especially the state level   For part 2 go --> https://bit.ly/2PEEOzT For part 3 go --> https://bit.ly/33Pt7id This communication is available for information purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle.  Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to an offering memorandum and related offering documents which will be provided to qualified prospective investors upon request.  Prospective investors should review a Fund’s offering memorandum carefully, which includes important disclosures and risk factors associated with an investment in a Fund. The views and strategies described may not be suitable for all investors. They also do not include all fees or expenses that may be incurred by investing in specific products. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. You cannot invest directly in an index. The opinions expressed are subject to change as subsequent conditions vary. Reliance upon information in this material is at the sole discretion of the reader. Advisory services offered through ACG Wealth Inc.  ACG Wealth Inc. is an affiliate of ACG Investment.

Trusts aren't just for rich people! If you want to protect your assets, tune in. If you want to leave a legacy, tune in. If you are the executor of anyone's estate, you'll want to tune in. Frazer Rice, author of Wealth Actually, joins us to discuss estate planning strategies.    Questions? Email me: Mpolicar@hightoweradvisors.com 

The COVID-19 phenomenon has created worldwide economic upheaval and problems for many business owners. One area where the coronavirus has created opportunity is in the field of estate planning. I was able to speak with AARON FLINN about the opportunities that exist right now. We will go into some of the tools in his toolkit (including the use of preferred jurisdictions like Tennessee) to help successful, and often complicated, families take advantage of a difficult economic environment. Aaron is a partner of WALLER, a full-service business law firm based out of Nashville, Tennessee with offices across the Southeast and Texas. He specializes in trust and estate work, wealth preservation, business succession and family office structuring. Why is right now is an optimal time to review estate planning affairs and wealth structure? 1)  The shutdown has been a rare quiet time to think about the how families want to set up future affairs and have internal discussions about the investment, use, direction and purpose of the wealth. 2)  Lower valuations: With markets generally lower across the board, the valuations of most family assets has decreased as well. This provides added flexibility when using estate planning tools and government defined exemptions to shift wealth out of an estate into the ownership of the next generation. 3)  Generationally low interest rates: As the government has lowered interest rates to stimulate the economy, many of the standard interest rates used in estate planning have fallen as well. Government defined "Applicable Federal Rates" (AFR's) are the lowest they have ever been. The amplify the effectiveness of even the simplest of planning techniques. As part of that planning, there are lots of instruments, jurisdictional choices and legal devices to effectuate a family's wishes. What makes Tennessee an interesting state for families to consider? The Friendly Trust Environment of Tennessee The theory behind Tennessee's trust law The interaction of the Bar, Trust Industry, and the Regulators Directed Trusts  Specialized control of a trust's investments - why is that important? Involving Trusted Advisors on Distribution Decisions - why is this important? Why does the use of an Independent Trust Company for administrative purposes make sense? Avoiding State Income Tax on Accumulated Income and Capital Gains How does this work with clients from other states? What should we think about with source income Asset Protection Beneficiary Creditors Self Settled Trusts Distribution Flexibility Perpetual Trusts Flexibility for Family wishes Decanting Trustee Removal Silence Specialized Protection for Independent Advisors Special Purpose Entities (SPE) for investment direction advisors Special Purpose Entities (SPE) for Distribution Advisors Tennessee as an Excellent Environment for Private Trust Companies What is a Private Trust Company? In building these out what is the best way to ensure the multi-generational success of this flexible structure? Jurisdictional and Regulatory "Understanding of the Space" Well-suited legal and corporate fiduciary support located locally as required. COMMENTS or QUESTIONS Aaron can be contacted here: AARON FLINN Additionally, I can be contacted here (FRAZER RICE) or here (FRAZER RICE) for further comments and questions. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

The COVID-19 phenomenon has created worldwide economic upheaval and problems for many business owners. One area where the coronavirus has created opportunity is in the field of estate planning. I was able to speak with AARON FLINN about the opportunities that exist right now. We will go into some of the tools in his toolkit (including the use of preferred jurisdictions like Tennessee) to help successful, and often complicated, families take advantage of a difficult economic environment. Aaron is a partner of WALLER, a full-service business law firm based out of Nashville, Tennessee with offices across the Southeast and Texas. He specializes in trust and estate work, wealth preservation, business succession and family office structuring. Why is right now is an optimal time to review estate planning affairs and wealth structure? 1)  The shutdown has been a rare quiet time to think about the how families want to set up future affairs and have internal discussions about the investment, use, direction and purpose of the wealth. 2)  Lower valuations: With markets generally lower across the board, the valuations of most family assets has decreased as well. This provides added flexibility when using estate planning tools and government defined exemptions to shift wealth out of an estate into the ownership of the next generation. 3)  Generationally low interest rates: As the government has lowered interest rates to stimulate the economy, many of the standard interest rates used in estate planning have fallen as well. Government defined "Applicable Federal Rates" (AFR's) are the lowest they have ever been. The amplify the effectiveness of even the simplest of planning techniques. As part of that planning, there are lots of instruments, jurisdictional choices and legal devices to effectuate a family's wishes. What makes Tennessee an interesting state for families to consider? The Friendly Trust Environment of Tennessee The theory behind Tennessee's trust law The interaction of the Bar, Trust Industry, and the Regulators Directed Trusts  Specialized control of a trust's investments - why is that important? Involving Trusted Advisors on Distribution Decisions - why is this important? Why does the use of an Independent Trust Company for administrative purposes make sense? Avoiding State Income Tax on Accumulated Income and Capital Gains How does this work with clients from other states? What should we think about with source income Asset Protection Beneficiary Creditors Self Settled Trusts Distribution Flexibility Perpetual Trusts Flexibility for Family wishes Decanting Trustee Removal Silence Specialized Protection for Independent Advisors Special Purpose Entities (SPE) for investment direction advisors Special Purpose Entities (SPE) for Distribution Advisors Tennessee as an Excellent Environment for Private Trust Companies What is a Private Trust Company? In building these out what is the best way to ensure the multi-generational success of this flexible structure? Jurisdictional and Regulatory "Understanding of the Space" Well-suited legal and corporate fiduciary support located locally as required. COMMENTS or QUESTIONS Aaron can be contacted here: AARON FLINN Additionally, I can be contacted here (FRAZER RICE) or here (FRAZER RICE) for further comments and questions. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

In this Episode, Frazer Rice provides a beautiful explanation of how the current Macroeconomic situation paired with the outbreak of the Corona Virus is affecting the Financial markets. In the second part of this episode, we move forward to discuss how can wealth managers or investors prepare their portfolios to endure damage caused by similar six sigma events. Frazer has more than 20 years of professional experience in the wealth management sector, which he briefly summarizes in his book "Wealth, Actually: Intelligent Decision-Making for the 1%". Link to his book: https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/ref=sr_1_1?ie=UTF8&qid=1532552978&sr=8-1&keywords=wealth+actually+frazer

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it. This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format. You’ll hear from some of the most respected money managers and investment researchers all over the world. Contributors: Jack Vogel, Paul Novell, Mike Philbrick, Rob Arnott, Aswath Damodaran, Corey Hoffstein, Bob Seawright, Wes Gray, Justin J. Carbonneau, Gary Antonacci, Larry Swedroe, Scott Bell, Jack Forehand, Ray Micaletti, Todd Tresidder, Ben Johnson, and Frazer Rice.

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it. This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format. You’ll hear from some of the most respected money managers and investment researchers all over the world. Enough from me, let’s let Frazer take over this special episode.

In a new regular feature on the "Wealth, Actually" Podcast, Haven Pell and I will take on a topic.  (For our first one, we discuss the concept of "College" in modern American Society) With some fun questioning and debate, we'll try to make some sense of a subject that has some controversy, broad policy implications and a little bit of hypocrisy to unwind.  Hopefully, it's weighty and important.  We hope to tackle things that are both evergreen and timely. MEET HAVEN HERE:  https://pundificator.com/haven-pell/ In this first segment, we take on "College". A broad, wide-ranging topic?  You bet. We address: The cost The pressure (on applicants and graduates) The Insider vs the Outsider Viewpoint STEM vs Liberal Arts The Impact on Culture A Year of Service A Venue for People over 60? Sports and University Life Broader Ramifications on the Future of the U.S. Look forward to WEALTH ACTUALLY and the PUNDIFICATOR as regular feature . . . as we take on current events and and some of the big concepts and issues facing society today.  SUBSCRIBE, TELL YOUR FRIENDS AND LEAVE COMMENTS. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT          

In a new regular feature on the "Wealth, Actually" Podcast, Haven Pell and I will take on a topic.  (For our first one, we discuss the concept of "College" in modern American Society) With some fun questioning and debate, we'll try to make some sense of a subject that has some controversy, broad policy implications and a little bit of hypocrisy to unwind.  Hopefully, it's weighty and important.  We hope to tackle things that are both evergreen and timely. MEET HAVEN HERE:  https://pundificator.com/haven-pell/ In this first segment, we take on "College". A broad, wide-ranging topic?  You bet. We address: The cost The pressure (on applicants and graduates) The Insider vs the Outsider Viewpoint STEM vs Liberal Arts The Impact on Culture A Year of Service A Venue for People over 60? Sports and University Life Broader Ramifications on the Future of the U.S. Look forward to WEALTH ACTUALLY and the PUNDIFICATOR as regular feature . . . as we take on current events and and some of the big concepts and issues facing society today.  SUBSCRIBE, TELL YOUR FRIENDS AND LEAVE COMMENTS. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT          

In this Episode, we met with Frazer Rice to discuss different Wealth Management Strategies which young professionals could adopt early in their lives in order to assure financial stability. Frazer has more than 20 years of professional experience in the wealth management sector, which he briefly summarizes in his book "Wealth, Actually: Intelligent Decision-Making for the 1%".

https://youtu.be/YYNq4EZEjgk SimplePassiveCashflow.com/153rice Buy the book we discussed here Coming out of college—I worked for the department of economic development up in Albany New York, and it was a really interesting experience. I was charged with helping being a part of projects where we try to keep businesses in New York or otherwise help them locate there, which is difficult to do given the high taxes that are in New York. Did that for a couple of years, didn’t want to be a civil servant my whole life, so I went to law school—like most aimless people do as they try to find their way. They say a fool and his money are soon parted, and, for the 1 percent, this is especially true. The more wealth one has, the more risks to their financial security. But with the right knowledge, planning, and guidance, the affluent can not only preserve their assets but enjoy them as well. Private wealth manager Frazer Rice has seen every challenge and success that the well-off can face. In Wealth, Actually, he shares his holistic, adaptable approach to wealth management. Through a combination of philosophical discussion, practical advice, humor, and anecdotes, he shows how prosperous individuals can determine what they want their wealth to do; communicate with loved ones about their fortune; avoid overspending; handle wealth threats; evaluate, grow, and protect investments; and choose the best advisors. Money shouldn’t be the dream—but, when it’s managed right, it can be the perfect tool to make dreams come true.

https://youtu.be/YYNq4EZEjgkShow notes: SimplePassiveCashflow.com/153riceBuy the book we discussed hereComing out of college—I worked for the department of economic development up in Albany New York, and it was a really interesting experience. I was charged with helping being a part of projects where we try to keep businesses in New York or otherwise help them locate there, which is difficult to do given the high taxes that are in New York.Did that for a couple of years, didn’t want to be a civil servant my whole life, so I went to law school—like most aimless people do as they try to find their way.They say a fool and his money are soon parted, and, for the 1 percent, this is especially true. The more wealth one has, the more risks to their financial security. But with the right knowledge, planning, and guidance, the affluent can not only preserve their assets but enjoy them as well.Private wealth manager Frazer Rice has seen every challenge and success that the well-off can face. In Wealth, Actually, he shares his holistic, adaptable approach to wealth management. Through a combination of philosophical discussion, practical advice, humor, and anecdotes, he shows how prosperous individuals can determine what they want their wealth to do; communicate with loved ones about their fortune; avoid overspending; handle wealth threats; evaluate, grow, and protect investments; and choose the best advisors.Money shouldn’t be the dream—but, when it’s managed right, it can be the perfect tool to make dreams come true. See acast.com/privacy for privacy and opt-out information.

Frazer Rice and Tyrone Ross in the studio for "Wealth, Actually" Welcome back to the "Wealth, Actually" podcast. (Reminder:  There is no investment advice here!) Bitcoin and other cryptocurrencies have come back into the news as they have jumped around in price in the last two years.  To help us understand the crypto phenomenon, I spoke with Tyrone Ross of Noblebridge Wealth. An extra special thank you to Tyrone for his unique insight, not only into cryptocurrencies, but in describing his personal journey in the wealth management space. There are powerful lessons to be learned here. Website: tyroneross.io Twitter: @TR401 Tyrone is a start up investor and financial consultant. He has developed a deep expertise in the cryptocurrency space He has been a go-to expert for many financial advisors as the space evolves.  In addition to his cryptocurrency niche, Tyrone has carved out a burgeoning media and twitter presence with his outspoken and impactful views on the need for inclusion in the closed off world of financial advice.  Tyrone is also officially the fastest person I have ever interviewed as he was an Olympic Qualifier in the 400m back in 2004! (For those looking for excellent primer on the blockchain and how Bitcoin and other cryptocurrencies work, check out BLOCKCHAIN BASICS: A NON-TECHNICAL INTRODUCTION IN 25 STEPS by Daniel Drescher.  You will know more about how Crytpocurrencies and other technologies work [and their limits) than 99.9% of the public.  I also explored the subject in two terrific WA podcasts with Blockchain investor, BART STEPHENS and the CEO and Co-Founder of the Kowala, EILAND GLOVER.) Background: Tell us a bit about your professional background . . . Educational / Family experience Olympic experience- what did you take from it?  How did you use it? How does that inform your advice to clients? How did you get interested in cryptocurrencies? Let's get right to cryptocurrency. What is the appeal of cryptocurrencies? How is the world adopting cryptocurrencies into use cases? How do you distinguish between the use of crypto and investing in crypto? Describe what the market has done in the last couple of years . . . How do we distinguish between Bitcoin, Ethereum, Ripple and the other currencies? Who is equipped to parse through the differences? Do you need to understand code?  How many people really get the underlying structure of the cryptocurrencies? Is blockchain- the technological underpinning behind cryptocurrencies and other uses- a better bet? How would you get exposure to that space? What are you telling clients? Media and Marketing When did you "know" you were an entrepreneur? What was your marketing plan and how have you developed your practice? We met through twitter and I am amazed at the power of that medium- what is your take? Relationships within the #fintwit and media community (Josh Brown, Justin Castelli and Doug Boneparth, among others)- what are your impressions? You tweeted an amazing video on the role of privilege and background in the investment community and lots of great media appearances- Where should these discussions be taking us?  What's next? How do we stay in touch with you? Website: tyroneross.io Twitter: @TR401   DON'T FORGET TO PICK UP YOUR COPY OF WEALTH ACTUALLY- THE LINK IS BELOW. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Frazer Rice and Tyrone Ross in the studio for "Wealth, Actually" Welcome back to the "Wealth, Actually" podcast. (Reminder:  There is no investment advice here!) Bitcoin and other cryptocurrencies have come back into the news as they have jumped around in price in the last two years.  To help us understand the crypto phenomenon, I spoke with Tyrone Ross of Noblebridge Wealth. An extra special thank you to Tyrone for his unique insight, not only into cryptocurrencies, but in describing his personal journey in the wealth management space. There are powerful lessons to be learned here. Website: tyroneross.io Twitter: @TR401 Tyrone is a start up investor and financial consultant. He has developed a deep expertise in the cryptocurrency space He has been a go-to expert for many financial advisors as the space evolves.  In addition to his cryptocurrency niche, Tyrone has carved out a burgeoning media and twitter presence with his outspoken and impactful views on the need for inclusion in the closed off world of financial advice.  Tyrone is also officially the fastest person I have ever interviewed as he was an Olympic Qualifier in the 400m back in 2004! (For those looking for excellent primer on the blockchain and how Bitcoin and other cryptocurrencies work, check out BLOCKCHAIN BASICS: A NON-TECHNICAL INTRODUCTION IN 25 STEPS by Daniel Drescher.  You will know more about how Crytpocurrencies and other technologies work [and their limits) than 99.9% of the public.  I also explored the subject in two terrific WA podcasts with Blockchain investor, BART STEPHENS and the CEO and Co-Founder of the Kowala, EILAND GLOVER.) Background: Tell us a bit about your professional background . . . Educational / Family experience Olympic experience- what did you take from it?  How did you use it? How does that inform your advice to clients? How did you get interested in cryptocurrencies? Let's get right to cryptocurrency. What is the appeal of cryptocurrencies? How is the world adopting cryptocurrencies into use cases? How do you distinguish between the use of crypto and investing in crypto? Describe what the market has done in the last couple of years . . . How do we distinguish between Bitcoin, Ethereum, Ripple and the other currencies? Who is equipped to parse through the differences? Do you need to understand code?  How many people really get the underlying structure of the cryptocurrencies? Is blockchain- the technological underpinning behind cryptocurrencies and other uses- a better bet? How would you get exposure to that space? What are you telling clients? Media and Marketing When did you "know" you were an entrepreneur? What was your marketing plan and how have you developed your practice? We met through twitter and I am amazed at the power of that medium- what is your take? Relationships within the #fintwit and media community (Josh Brown, Justin Castelli and Doug Boneparth, among others)- what are your impressions? You tweeted an amazing video on the role of privilege and background in the investment community and lots of great media appearances- Where should these discussions be taking us?  What's next? How do we stay in touch with you? Website: tyroneross.io Twitter: @TR401   DON'T FORGET TO PICK UP YOUR COPY OF WEALTH ACTUALLY- THE LINK IS BELOW. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

It's SPOTLIGHT time here on "Altered Geek" as we focus on some cool and geeky individuals. Steve is your humble host on this journey as we talk with Frazer Rice, Producer, Writer, Author, Podcast Host, Marvel Comics and Movie Fan! All this and more on Altered Geek!

It's SPOTLIGHT time here on "Altered Geek" as we focus on some cool and geeky individuals. Steve is your humble host on this journey as we talk with Frazer Rice, Producer, Writer, Author, Podcast Host, Marvel Comics and Movie Fan! All this and more on Altered Geek!

Episode 38: Establishing a solid financial foundation starts in the home; most people develop their money habits, good or bad, from their parents. While it’s not the case for everyone, most carry on the same behaviors witnessed when while growing up which means it is important for parents to show good money habits, but also teach them to their children. My… Continue Reading→ The post Frazer Rice: Financial Education For All Net Worths appeared first on All About Your Benjamins™.

Today’s episode of The Real Estate Nerds Podcast features a conversation between our host and attorney Scott Smith and fellow attorney, investor, and wealth manager Frazer Rice. Frazer shares some of the wealth management strategies from his recent book, Wealth Actually. His ultimate goal in writing the book and teaching about financial literacy generally is […]

Patrick Donohoe welcomes Frazer Rice as his special guest for Property: Episode-5! Frazer Rice is a leading private wealth manager with 15 years of experience advising millionaire and billionaire families on finances, including fiduciary and estate matters. His clients include business owners, hedge fund managers, real estate developers, corporate executives, foundations, and established families.

Frazer Rice wanted a career pivot, but before he ditched his day job, he had to figure out exactly how much he cost. For more information, visit the show notes at https://www.bobbirebell.com/podcast/frazerrice

What is Wealth? While we all may have our own definitions, one thing is certain: getting to your definition will require sound decision-making and discernment. In this episode, Frazer Rice joins us to explain how to make intelligent decisions with money and his new book, Wealth Actually. You are #YoungMoney. Enjoy!

Entrepreneurs prepare for the future by setting up private wealth management and surrounding themselves with financial experts. On today’s episode, Steve introduces Frazer Rice. Frazer is a leading private wealth manager with 15 years of experience. He is also the author of the new book Wealth Actually and has been featured in the The New York Times, Daily Telegraph and The Journal news. Here are more gold nuggets on today’s episode: A short background about the book Wealth Actually and why it is a must read for entrepreneurs. The two-pronged approach to finding good advisers. Why working with experts make a whole world of difference. And the future of cryptocurrencies and Blockchain technology and more! Stay tuned to learn more valuable financial advice and find out how you too can manage your assets like a true Awesomer. Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT If you're launching a new product manufactured in China, you will need professional high-resolution Amazon-ready photographs. Because Symo Global has a team of professionals in China, you will oftentimes receive your listing photographs before your product even leaves the country. This streamlined process will save you the time money and energy needed to concentrate on marketing and other creative content strategies before your item is in stock and ready for sale. Visit SymoGlobal.com to learn more. Because a picture should be worth one thousand keywords. You're listening to the Awesomers podcast. 1:15 (Steve introduces today’s guest, Frazer Rice.) Steve: The Awesomers.com podcast series rolls onward everybody. You're listening to Episode number 40. Can you believe that word episode 40 already, just 40 days in, 40 episodes that's a drop a day for those keeping score at home. Now today I'm joined by special guest Frazer Rice and Frazer is a leading private wealth manager with over 15 years of experience advising millionaire and even billionaire families on financing including fiduciary and estate matters. Now, his clients have included business owners, hedge fund managers, real estate developers, corporate executive foundations and even so-called established families. Many very wealthy families have what's called family offices and he's been deeply involved in that over time. He's also the author of a new book Wealth Actually and has been featured in The New York Times, Daily Telegraph and The Journal News. He also hosts a podcast and blog related to politics, business trends and an entrepreneurship at frazerrice.com. I'm excited to have Frazer join us because as someone who's been directly responsible for managing not just millions, but even into the billions of dollars of people's cumulative wealth that's a responsibility and such a level of experience and expertise that all of us hard-charging entrepreneurs at any level whether you have a dollar or $10 or even a billion dollars we all need to have better education and better understanding on how do we deal with wealth as we're successful. Too often we run and we hard-charged towards this goal and then we're surprised when it actually pays off and we don't know what to do and there are so many unintended consequences I've seen for people, their families and other kind of unexpected tax hits that they

https://frazerrice.com/wp-content/uploads/2018/08/Frazer-Rice-FB-Live.mp4 Thanks to David Grasso, Scott Richmond and the team at Bookstr for having me on their Facebook Live channel.  It's always a pleasure to discuss "Wealth, Actually." A link to the book is here and don't forget to leave comments on the Amazon site. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

http://www.frazerrice.com/wp-content/uploads/2018/08/Frazer-Rice-FB-Live.mp4 Thanks to David Grasso, Scott Richmond and the team at Bookstr for having me on their Facebook Live channel.  It's always a pleasure to discuss "Wealth, Actually." A link to the book is here and don't forget to leave comments on the Amazon site. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Here is something that is a little bit new!  I was interviewed on my new book "Wealth, Actually by Josh Jalinksi on his Financial Quarterback show on 710 WOR ad on #iheartradio.  We discussed estate planning, family dynamics, investing and a host of tools that could helpful in making good decisions about wealth.  Thanks again, Josh! To buy "WEALTH, ACTUALLY" on AMAZON, click BELOW . . . Feel free to leave Amazon Reviews (hopefully good ones!).  They help the algorithm. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT      

Here is something that is a little bit new!  I was interviewed on my new book "Wealth, Actually by Josh Jalinksi on his Financial Quarterback show on 710 WOR ad on #iheartradio.  We discussed estate planning, family dynamics, investing and a host of tools that could helpful in making good decisions about wealth.  Thanks again, Josh! To buy "WEALTH, ACTUALLY" on AMAZON, click BELOW . . . Feel free to leave Amazon Reviews (hopefully good ones!).  They help the algorithm. https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT      

Frazer Rice is the President of Wealth Actually LLC.  Wealth Actually is a financial services and legal media company.  Today's reality is that advice companies need to be media companies as well. WA will help businesses and individuals recognize this reality and use it to amplify their presence and increase their business. On August 7th, 2018, Frazer released his first book “Wealth, Actually” through Lioncrest Press.  In Wealth, Actually, Frazer shares his approach to wealth management. Through a combination of philosophical discussion, practical advice, humor, and anecdotes, he shows how prosperous individuals can determine what they want their wealth to do; communicate with loved ones about their fortune; avoid overspending; handle wealth threats; evaluate, grow, and protect investments; and choose the best advisors.  It can be purchased at WWW.WEALTHACTUALLY.COM.

They say a fool and his money are soon parted, and for the 1%, this is especially true. The more wealth you have, the more risks there are to your financial security. But ... The post Wealth Actually: Frazer Rice appeared first on Author Hour.

In this episode we looked at Branding, Politics, Law and Money with Frazer Rice. Frazer Rice is a leading private wealth manager, with fifteen years’ experience advising millionaire and billionaire families on finances, including fiduciary and estate matters. His clients include business owners, hedge fund managers, real estate developers, corporate executives, foundations, and established families. Frazer has been featured in the New York Times, the Daily Telegraph, and the Journal News, and he has appeared on cable television news networks. In addition to his financial expertise, Frazer is a member of the New York State Bar and a graduate of Duke University and Emory University Law School. He hosts a podcast and blog on politics, business trends, and entrepreneurship at FrazerRice.com. Listen, Lean and Share Recommended Resources: FrazerRice.com Wealth Actually by Frazer Rice on Amazon Business Networking Made Easy Rebrand: The Ultimate Guide to Personal Branding Books by Bernard Kelvin Clive