Podcasts about hnw

The CiCP crew is back on home turf. In this episode, Chuck and Chris acknowledge Father's Day, family, and the evolving responsibilities of leadership—in life and in the field. The team unpack the rising risk environment for executives and high-net-worth individuals, the convergence of digital and physical threats, and the uncomfortable but necessary truths facing modern security leaders. With recent headlines highlighting targeted violence and online radicalization, the team discusses how protectors and intelligence professionals must adapt to an increasingly asymmetric environment. This isn't just a shop talk—it's a recalibration.  What does it mean to lead in today's hybrid threat world? And how do we keep our principles sharp when the lines between online vitriol and real-world violence continue to blur?

In practice, token launches are often delayed, and that can slow down the entire roadmap of a web3 project.Once there's a traded price for a token, it's difficult to walk it back. Post-launch valuations are often magnitudes higher than pre-launch ones. That's why valuation reports have a limited shelf life, and why getting it right matters.My guest is Neil Thakur, Managing Director and Founding Member at Teknos Associates, a crypto valuation & advisory firm.If you're in the middle of launching a token or structuring your SAFT with lawyers and advisors, this episode could help you avoid some costly mistakes.✅ OUR RESOURCES

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Welcome back to the Alt Goes Mainstream podcast.Today's episode digs into how the CIO of a growing multi-billion dollar wealth management firm thinks about customization and differentiation by building out private markets capabilities.We sat down with John McArthur, Senior Partner and CIO at $3.6B AUM Krilogy. Founded in 2009, Krilogy provides comprehensive financial planning and investment management services to HNW individuals, families, and business owners.Krilogy is charting a growth path — and to chart a growth path, John and his team are thinking about how they can thoughtfully grow their business.With John at the helm as CIO, they have been strategic with their approach to private markets and have increasingly focused on ways that they can create customized and differentiated solutions for their clients.John took 11 years of experience in wealth management and financial planning at A.G. Edwards & Sons and Morgan Stanley Smith Barney to Krilogy, where he joined his former University of Missouri college football teammate, Kent Skornia, to help quarterback Krilogy and their clients to financial success.John is thoughtful in his approach to private markets and how to provide solutions to their clients. We had a fascinating discussion about how wealth management is evolving and how private markets are critical to growing a wealth management practice. We discussed:How John and team have grown and scaled an independent wealth management firm.How John approaches private markets — and how that approach has evolved as they work with clients of greater size.How to balance customization and differentiation with scale.How can asset managers effectively educate and provide solutions to the wealth channel?What's still missing from private markets solutions for the wealth channel?His views on product innovation, including evergreen funds.Advice John would give to wealth advisors looking to invest in private markets.Thanks John for coming on the show to share your wisdom and expertise on wealth management and private markets.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Introduction and Message from our Sponsor, Ultimus Fund Solutions01:54 Welcome to Alt Goes Mainstream02:06 Introducing John McArthur03:51 John's Journey into Wealth Management04:23 The Role of Sports in John's Career05:47 Lessons from Big Wealth Management Firms06:21 Krilogy's Growth and Strategy07:25 Challenges and Opportunities in Wealth Management07:36 Private Markets and Customization08:04 Growth Strategies and Quality Control09:29 Client Service and Organic Growth11:26 Differentiating Wealth Management Offerings12:23 Importance of Private Markets13:14 Creating Customized Solutions14:53 Educating Advisors on Private Markets15:54 Volatility and Market Changes17:04 Private Markets in a New Economic Environment17:24 Building a Diverse Private Fund19:50 Client Understanding of Private Markets20:25 Educating Advisors and Clients22:15 Behavioral Bias in Investing23:42 Long-Term Investing Mindset24:08 Compounding and Diversification24:41 Challenges in Advisor Education25:46 Effective Education Strategies27:01 The Role of Storytelling in Education27:22 Future of Education in Wealth Management27:35 Sourcing and Access in Private Markets28:46 Networking and Building Trust29:26 Customization and Differentiation in Wealth Management30:34 Combining Big Brands and Niche Funds31:47 The Importance of Being in the Game32:13 Advice for Wealth Managers32:24 Evergreen Fund Structures33:16 Navigating the Evergreen Environment34:29 Portfolio Construction in Private Markets35:25 Operational Benefits of Evergreen Funds36:05 Model Portfolios in Wealth Management36:53 Favorite and Contrarian Investment Ideas38:49 Real Estate Market Opportunities39:09 Large vs. Niche Real Estate Managers39:52 Conclusion and Final ThoughtsDisclosure from KrilogyInvestments involve risk and unless otherwise stated, are not guaranteed. Past performance is not a guarantee of future results. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein.Editing and post-production work for this episode was provided by The Podcast Consultant.

Our cohosts deliver a practical conversation on cultivating relationships with high net worth (HNW) donors. They explore how nonprofit organizations of all sizes can define what “high net worth” means in their context, identify aligned individuals, and thoughtfully steward them toward transformational giving.Tony Beall opens with a foundational point: “We need to define what high net worth means for our own organization—because it looks different depending on your size, mission, and goals.” This nuance sets the stage for a broader conversation that deconstructs common assumptions about wealth and reminds nonprofit professionals that big gifts are rooted in deep, intentional relationships—not cold outreach.Rather than chase only new wealth, Tony urges nonprofits to begin by mining existing donor data. “Let's start with who already cares about our mission. We can often elevate those relationships before even casting a wider net,” he shares. The advice is practical and encouraging, especially for smaller teams with limited capacity.Julia Patrick and Tony also touch on the human side of fundraising—empathy, trust, and consistency. Julia shares a personal story about securing her first $1 million donation, which came not over a fancy lunch, but at a modest cafeteria. “He told me he had grown up without enough to eat, and seeing all that food reminded him of how far he'd come. For him, that was luxury,” she recounts. It's a moving reminder that motivations are deeply personal—and often surprising.From prospecting strategies like leveraging SEC filings, Google Alerts, and local business journals to understanding the long timelines involved in major gift cultivation, the episode offers a balanced blend of emotional intelligence and tactical guidance.As Tony puts it, “Patience and consistency are what build trust—not just with donors, but with the broader community.” And that trust, over time, is what unlocks major gifts.00:00:00 Welcome to Fundraisers Friday00:00:20 Julia praises Tony's impact on the sector00:02:00 What does “high net worth” really mean?00:03:50 Why your organization needs its own HNW definition00:07:05 Start with your current donors00:10:15 Tools for identifying HNW prospects00:13:20 Using local journals and social registers00:18:10 Understanding donor motivations00:22:00 A powerful story about humility and generosity00:23:30 The two-year major gift timeline00:26:00 How trust drives long-term giving00:29:00 Closing thoughts and sponsor thank you#MajorGiftStrategy #DonorEngagement #NonprofitLeadershipFind us Live daily on YouTube!Find us Live daily on LinkedIn!Find us Live daily on X: @Nonprofit_ShowOur national co-hosts and amazing guests discuss management, money and missions of nonprofits! 12:30pm ET 11:30am CT 10:30am MT 9:30am PTSend us your ideas for Show Guests or Topics: HelpDesk@AmericanNonprofitAcademy.comVisit us on the web:The Nonprofit Show

Recent high-profile transactions by prominent family offices have further accelerated interest in this space, positioning sports as a compelling alternative asset class for ultra-high-net-worth individuals seeking portfolio diversification and long-term value. To address this growing demand, Standard Chartered has announced the launch of a new alternative fund focused on sports for ultra-high-net-worth (UHNW) and high-net-worth (HNW) clients under its Global Private Bank. On Wealth Tracker, Hongbin Jeong speaks to Sumeet Bhambri, Global Head, Advisory and Managed Investments, Wealth Solutions, Standard Chartered, to find out. See omnystudio.com/listener for privacy information.

Interview recorded - 17th of April, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG.During our conversation we spoke about the current state of the economy, tariffs, why all problems lead to debt and liquidity, a complete shift in the world order, collapse of the FIAT currency and more. I hope you enjoy!0:00 - Introduction0:57 - What are you seeing in the economy?8:39 - Tariffs impact on liquidity20:14 - Complete shift in the world order?29:49 - Collapse of FIAT currencies41:14 - One message to takeaway from our conversation?Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley's hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ.The author of the Amazon No#1 Release, Rigged to Fail, Matt is fluent in French, German and English; he is a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD). Along with Egon von Greyerz, Matthew is the co-author of Gold Matters, which offers an extensive examination of gold as an historically-confirmed wealth-preservation asset.Matthew Piepenburg - LinkedIn - https://linkedin.com/in/matthewpiepenburgWebsite - https://vongreyerz.gold/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Registered Investment Advisor Andres Sandate with GP Wealth Advisors explains why many savvy investors are diversifying more and more capital into alternative investments and moving away from the volatility of the stock market. Everyone from accredited investors, family offices and institutional investors are seeking under the radar alternative investment opportunities from experienced sponsors. Andres also explains how operators can team up with RIA's, wholesalers and Broker Dealers to raise more capital and gain exposure to more investors. Andres Sandate joined Gramercy Park Wealth Advisors in 2022. In addition to being a financial advisor, he is responsible for alternative investments at the firm. Prior to joining Gramercy Park Wealth Advisors, Andres spent 15 years working in alternative investments across numerous asset classes including private credit, real estate, hedge funds, and other areas of the private markets.Andres is the founder of Endurance Strategies, LLC, which provides consulting, due diligence, and implementation services to independent RIAs, HNW individuals, and family offices seeking to implement alternative investments in their practices and portfolios. Andres is the host and creator of two successful podcasts focused in non-traditional asset class investing including ATLalts and Asset Backed.  Andres brings nearly 20 years of experience to Gramercy Park Wealth Advisors across investing, capital markets, investment banking, asset management, and fintech startups. Andres is the current President and a Board Member of the Southeastern Alternative Funds Association (SEAFA). Andres earned his BS and MBA from The University of Kansas and holds Series 7, 66, and 79 securities licenses through GPWA, LLC, Member FINRA/SIPC. ━━━━━━━  00:00 Intro01:35 Alternative Investments Explained by RIA Andres Sandate05:18 Understanding Different Capital Sources12:29 Infrastructure and the Costs of Professional Due Diligence16:26 Understanding the Role and Value of Wholesalers20:56 Navigating Regulatory Considerations  24:51 Presenting Your Platform Effectively to RIAs29:30 The Power of Deals and Scarcity in Fundraising34:11 Connecting with Andres and Final Thoughts━━━━━━━  Enhance your real estate investing knowledge !Learn more at https://www.peoplescapitalgroup.com/-━━━━━━━  Website - https://www.peoplescapitalgroup.com/Facebook- https://www.facebook.com/profile.php?id=100093318587146Instagram - https://www.instagram.com/real_estate_investments_nj/?hl=enTwitter- https://twitter.com/PCGrealestateLinkedin- https://www.linkedin.com/company/peoples-capital-groupYoutube - https://www.youtube.com/channel/UCCeJh5UgrdBDOabr2YLbAHg------------This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor.Support the show

Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world's leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe. The firm was the first to obtain all five authorised agent licenses for the governments of Grenada, Antigua and Barbuda, St Kitts and Nevis, Dominica and St Lucia. To date it has processed second passports for over 4,000 citizens.

In this episode of The Self-Employed Life, I had the pleasure of speaking with two guests, Milton Pedraza and Erica Wertheim Zohar, co-authors of High Trust Worth: The New Currency of Business is Not Money, It's Trust. We discuss the power of trust in business and why it is more important now than ever. Drawing from their experience in the luxury market, Milton and Erica break down the five pillars of building high trust and share what it really takes to both earn and keep it. We explore how businesses can stand out by making trust their foundation and how even small gestures can make a lasting impact. This episode is filled with advice for anyone who wants to grow their business with integrity. Erica Wertheim Zohar is a distinguished entrepreneur, consultant, speaker, philanthropist, and journalist with specialized expertise in luxury brands and ultra-high-net-worth individuals (UHNWIs). After founding a successful clothing manufacturing company, she transitioned to consulting, advising leading luxury brands on sales, marketing, and communication strategies. A former West Coast Contributing Editor for Town & Country, Erica is currently a contributing writer for Forbes and a long-standing member of YPO. Drawing from her experience as both a business leader and a UHNWI, she focuses on helping organizations build strategic, high-performance relationships with UHNWIs. Erica's unique perspective offers invaluable insights into the luxury market, making her a sought-after speaker, advisor, and thought leader in her field. Milton Pedraza is the founder and CEO of the Luxury Institute, a leading-edge HNW and UHNW research, consulting, and training solutions firm that has served over 1,100 luxury and premium goods and services brands in the last 22 years. With unique, unmatched expertise in emotionally intelligent luxury, Luxury Institute has helped top-tier luxury and premium brands create extraordinary customer experiences, build long-term relationships and achieve financial results. Milton is globally recognized as one of the world's leading luxury industry experts, as well a leading private investor and entrepreneur. Milton has served on the boards of top-tier luxury brands, as well as tech startups. He is a member of the Advisory Board at The UHNW Institute and is a frequent speaker at corporate events worldwide. Prior to founding the Luxury Institute, his successful career included executive roles at PepsiCo, Colgate, Citibank and Cendant. Milton is a frequent guest speaker at Columbia, has lectured at Duke and Harvard and has been recognized as a top Latin Entrepreneur by Stanford. He has conducted business in over 120 countries and speaks several languages. Erica's Contact – Book: High Trust Worth: The New Currency of Business is Not Money, It's Trust Website Linkedin Milton's Contact – Book: High Trust Worth: The New Currency of Business is Not Money, It's Trust Website Linkedin Contact Jeffrey – SelfEmployedNewsletter.com JeffreyShaw.com Books by Jeffrey Shaw Business Coaching for Entrepreneurs Watch my TEDx LincolnSquare video and please share! Valuable Resources – The Self-Employed Business Institute You know you're really good at what you do. You're talented, you have a skill set. The problem is you're probably in a field where there is no business education. This is common amongst self-employed people! And, there's no business education out there for us! You also know that being self-employed is unique and you need better strategies, coaching, support, and accountability. The Self-Employed Business Institute, a five-month online education is exactly what you need. Check it out! Take The Self-Employed Assessment! Ever feel like you're all over the place? Or frustrated it seems like you have everything you need for your business success but it's somehow not coming together? Take this short quiz to discover the biggest hidden gap that's keeping you from having a thriving Self-Employed Ecosystem. You'll find out what part of your business needs attention and you'll also get a few laser-focused insights to help you start closing that gap. Have Your Website Brand Message Reviewed! Is your website speaking the right LINGO of your ideal customers? Having reviewed hundreds of websites, I can tell you 98% of websites are not. Fill out the simple LINGO Review application and I'll take a look at your website. I'll email you a few suggestions to improve your brand message to attract more of your ideal customers. Fill out the application today and let's get your business speaking the right LINGO! Host Jeffrey Shaw is a Small Business Consultant, Brand Management Consultant, Business Coach for Entrepreneurs, Keynote Speaker, TEDx Speaker and author of LINGO and The Self Employed Life (May 2021). Supporting self-employed business owners with business and personal development strategies they need to create sustainable success.

In this special episode, host Adam Fisch sits down with Our Family Office Chief Investment Officer and Co-Founder Neil Nisker for a 2024 year in review. They discuss investment performance over the last year, concerns around equity market concentration (01:39), the uncertainty of a Trump presidency (09:36), and the Canadian economy (12:30).Our Family Office's annual investment commentary can be found at ourfamilyoffice.ca/our-thinking/investment-thinking/For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca.

Martinelli Financial Services has been acting as a fiduciary for clients since 1981. Michael Martinelli joined his father Ernie 11 years ago, and together they've leaned into expanding the role of alternatives in HNW client portfolios. We get into how they approach it, what the pain points are, and where they see the industry going. 

There's a perception out there that affluent clients are being well served by their existing financial advisors and that the solutions they need are, by and large, already in place by the time we encounter these investors as potential prospects. Guess what? It's just not the case. In fact, there are some major gaps in wealth planning that exist—even among the wealthiest individuals. That's really good news for you. It means you have tremendous opportunities to demonstrate to HNW prospects that you can add real value to their financial lives and to the lives of the people they care about most. Watch, read or listen to find out more on our website for top financial advisors at CEGWorldwide.Com.

 Tax planning is an essential tool in managing finances, especially for the wealthy. If you are a high-net-worth retiree, looking to maintain the substantial wealth you have accumulated over your lifetime, this podcast episode is for you.Hi, I'm John Gigliello, a CERTIFIED FINANCIAL PLANNER™ with the Albany Financial Group, and you are listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smart and responsible choices with their money. Only through education, action and accountability can YOU build the confidence and security YOU need to live a SATISFYING life.Today I am going to talk about tax planning for high-net-worth retirees.What is considered high net worth? Generally, it includes anyone with liquid assets of at least $1 million dollars, excluding primary residence, but many families below that threshold may also benefit from the tax planning advice I am going to share today. In this episode, I will provide insight into four areas of tax planning for HNW retirees: Roth IRA conversions, tax-efficient investing, estate planning and trusts, and charitable giving. High-net-worth retirees, in particular, need to pay special attention to their tax planning strategies. Planning for taxes can help them control retirement income, while leaving a legacy for their heirs, with less concern for tax consequences.The substantial assets of HNW retirees often mean they bear a heavier tax burden than average retirees. The key to managing their tax liability lies in creating a plan for taxes, utilizing various tax-efficient strategies, and remaining agile in response to changes in tax laws. 

What's the difference between mass market insurance and personalized insurance coverage? How do you decide on the best fit, and how do you find a broker that's right for you?In this episode of the Easemakers Podcast, Private Risk Management Association CEO & Executive Director Diane Delaney shares how a consultative approach to insurance can help HNW families and individuals protect and preserve their assets. Tune in to hear an overview of today's hard market, Diane's tips for being proactive in preventing the most common losses, why Diane starts conversations by focusing on the passions (like collections), what to look for in a private insurance advisor, and more!

Joseph Kimbrough, founder of Apex Real Estate Investments, brings his lifelong pursuit of excellence from the basketball court and U.S. Marine Corps to the world of multifamily real estate. Joseph focuses on Texas and the Southeast, connecting high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals to lucrative multifamily investments that drive generational wealth. Joseph, a Dallas native, had a passion for business, which led him to real estate in 2019, starting as a professional deal finder. His commitment to equity and growth soon propelled him into multifamily investments. At Apex, Joseph's mission is clear: deliver exceptional returns by collaborating with top operators and sponsor groups, ensuring long-term financial success for his investors.   In this episode, we talked to Joseph about real estate funds, wholesaling and launching them, about his own fund, common questions from potential investors, strategies to bring in more of them, and much more.   Announcement: Learn about our Apartment Investing Mastermind here.   Real Estate Funds;   02:18 Joseph's background; 04:20 Wholesaling and launching a fund; 10:07 An insight into his fund; 15:31 Questions he receives by potential investors; 19:37 Strategies to bring in investors; 26:13 Round of Insights   Announcement: Download our Sample Deal package here.   Round of Insights   Apparent Failure: Investing in a property that did not pay distributions for a long time. Digital Resource: Alux. Most Recommended Book: How to Be Rich. Daily Habit: Reading something that provides him more wisdom. #1 Insight for investing in a fund: Know the operator, and understand where your money will be at. Best place to grab a bite in  Dallas, TX: Frisco Gun Club & The Queen of Sheeba.   Contact Joseph: LinkedIn   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

Welcome back to the Alt Goes Mainstream podcast.Today's show features a guest who brings a wealth of common sense to wealth management and asset allocation.We talk with Ben Carlson, the Director of Institutional Asset Management at Ritholtz Wealth Management, a $5B AUM wealth management firm. He's managed institutional portfolios for his entire career. He started out with an institutional investment consulting firm, where he deployed portfolio strategies and created investment plans for foundations, endowments, pensions, hospitals, insurance companies, and HNW individuals. More recently, he was part of the portfolio management team for an investment office that managed a large endowment fund for a charitable organization.Ben is a student of markets and asset allocation, which is clear from the knowledge he shares daily and weekly with his blog, A Wealth of Common Sense, and his podcast Animal Spirits with Michael Batnick and Ben Carlson. He's also authored four books about saving, investing, and money. He was named to the Investment News 40 Under 40 list of top financial advisors in 2017.Ben and I had a fascinating conversation about the adoption of alternatives in the wealth channel and the whys and hows of asset allocation. We discussed:Why asset allocation is the most important aspect of an investment plan.The question of whether or not investors now have too much choice?Why Ben documents every investment decision he makes.The benefits of private markets and the pitfalls of private markets.His biggest lesson learned in investing.Why crypto has helped younger investors become more comfortable with volatility (for better or worse).The future of wealth management and what won't change about the advisor / client relationship.The power of content creation and how it helps him approach investing.Thanks Ben for coming on the show to share your wisdom and experience in investing and asset allocation. We hope you enjoy.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Sponsor: Introduction to Ultimus Fund Solutions01:56 Meet Ben Carlson: Wealth Management Expert02:17 Ben Carlson's Career Journey02:55 Insights on Asset Allocation03:11 The Importance of Documenting Investment Decisions03:14 Private Markets: Benefits and Pitfalls04:34 Early Career Lessons04:58 Asset Allocation Strategies06:06 Navigating Investment Choices07:10 The Complexity of Investment Strategies09:46 Institutional vs. Wealth Management10:19 Communication in Institutional Investing12:35 The 60/40 Portfolio Debate23:20 Advisors and Alternatives27:17 Thresholds for Investing27:48 Differentiating Through Culture28:41 Defining and Evaluating Culture29:20 Transparency and Client Relationships29:57 Partnering with the Right Clients30:19 Qualitative Manager Selection31:53 Content Creation and Transparency34:22 Building a Brand from Scratch37:49 Advice for Young Advisors39:31 Compounding in Private Markets40:06 Behavioral Benefits of Private Markets41:17 Excitement in Private Markets41:56 Evolving Fund Structures42:28 Defining Alternatives43:48 Younger Investors and Volatility46:55 Future of Wealth Management47:53 Private Equity in Wealth Management48:58 Favorite Alternative Investments51:44 Conclusion and Final Thoughts

Interview recorded - 27th of September, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG and critic of current monetary policy actions of central banks.During this conversation we spoke about his thoughts on the economy, why there is a debt trap, no expectation of real growth in the future, private vs public debt, calculating US Dollar devaluation, precious metals and more. I hope you enjoy!0:00 - Introduction1:42 - Current thoughts on the economy?7:16 - Concentration of growth12:38 - Private vs public debt crisis26:31 - Calculating US Dollar devaluation?32:26 - Can they decrease the deficit?40:16 - Why nothing about gold or silver?50:10 - One message to takeaway?Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley's hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ.The author of the Amazon No#1 Release, Rigged to Fail, Matt is fluent in French, German and English; he is a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD). Along with Egon von Greyerz, Matthew is the co-author of Gold Matters, which offers an extensive examination of gold as an historically-confirmed wealth-preservation asset.Matthew Piepenburg - LinkedIn - https://linkedin.com/in/matthewpiepenburgWebsite - https://vongreyerz.gold/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

On the season finale of the Our Family Office podcast, Our Family Office CEO Tim Cestnick speaks with Sam Mercanti, an award-winning entrepreneur, former leader of CARSTAR Canada, and Our Family Office client. Sam talks about immigrating to Canada and his start in the business world, how he built his company (06:05), and the ways that Our Family Office has helped his family (18:00). For more information about Sam, visit www.sammercanti.com. For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

On episode 6 of the Our Family Office podcast, host Adam Fisch speaks with Our Family Office Managing Partner Kevin Tran about risk management. Adam and Kevin talk about the unique financial and non-financial risks that the wealthiest families face. They cover the ways that families can come to rely on a key person and how integration with a family office can reduce the risk of that person no longer being present. They also walk through the topic of marital agreements, and how professionals can help families navigate these difficult conversations to ultimately foster better relationships.For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

On episode 5 of the Our Family Office podcast, host Adam Fisch speaks with Our Family Office Managing Director of Tax Henry Shew to discuss tax. Adam and Henry distinguish between tax preparation and tax planning, and the benefits of family office integration in developing tax strategies. They offer examples of additional complication that naturally arises among the ultra-wealthy, and the considerations that are critical in providing holistic advice that meets the family's financial and non-financial objectives.For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

On episode 4 of the Our Family Office podcast, host Adam Fisch speaks with Our Family Office Co-Founder and CIO Neil Nisker about family administration. They address the ways in which administrative responsibilities fit into broader family office services, and the privilege enjoyed by wealthy families to be selective about how they spend their time.For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Presenting five new effective giving initiatives, published by CE on August 13, 2024 on The Effective Altruism Forum. Introduction In May 2024, Ambitious Impact (AIM) ran a program to incubate new effective giving initiatives (EGIs) in partnership with Giving What We Can. In short, EGIs focus on raising awareness and funneling public and philanthropic donations to the most cost-effective charities worldwide. In the last few years, several Effective Giving Initiatives, such as Doneer Effectief, Effektiv Spenden, and Giving What We Can, have moved millions in funding to the best charities globally. The success of these and other similar organizations suggests that further initiatives in this space could be highly beneficial, given that many highly effective charities are bottlenecked by access to funding. This article introduces five new effective giving initiatives incubated through the program we ran earlier this year in their own words. It summarizes their country of operation, near-term plans, targets, and any room for additional seed funding.[1] Organization Summaries Ellis Impact Co-founders: Fernando Martin-Gullans, Helene Kortschak Country of operation: United States (New York City) Website: www.ellisimpact.org Email address: fernando@ellisimpact.org, helene@ellisimpact.org Seed grant: $84,000 Background (why is this a promising country/angle for an EGI?) While Americans are the global leaders in total charitable giving, with over $450 billion donated annually, they currently give less than 0.5% of it to the most effective charities. Ellis Impact aims to expand effective giving by focusing on high-net-worth individuals (HNWIs) in New York City. Why HNWIs? Charitable donations are overwhelmingly heavy-tailed. For example, less than 5% of donors account for 40% of donations at existing EGIs such as Giving What We Can and Effektiv Spenden. Why New York City? Home to the largest number of millionaires (>350,000) and a GDP of $1.2 trillion, NYC has the highest wealth concentration in the world and is more economically powerful than many countries with existing EGIs (e.g., Netherlands, Sweden, Norway). It also has the highest charitable giving in the US, totaling $20 billion per year in itemized donations. Near-term plans Our first six months will focus on expanding our local network of prospective donors by attending events (e.g., networking events, conferences, galas) and tapping into existing and under-explored communities in NYC (e.g. EA Finance). We plan to further engage prospective donors through 1-1 advising and hosting our first lean, in-person events to raise awareness around effective giving, bring together like-minded individuals, and introduce them to cause area experts. Targets (reach/giving multiplier/etc.) Our minimum goal for our first nine months is to counterfactually raise our seed funding amount in public donations (>$84,000). Our ambitious goal is to raise three times as many counterfactual donations as we received in seed funding (i.e., $252,000). Room for more funding In late July, we raised $84,000 from the Seed Funding Network, allowing us to run for nine months. We would require an additional $20,000 to extend our runway to 12 months, decreasing the risk of having to shut down before we can demonstrate good results since, according to the experience of other HNW donor advisors, donor relationships potentially take longer than nine months to cultivate. Any funding on top of that would be used for hosting and attending additional and higher-quality events to meet and engage prospective donors. If you are interested in supporting our efforts in other ways, we are currently: Looking for warm introductions to prospective donors in NYC as well as super connectors and ambassadors for future warm introductions. If you know someone you think we shou...

On episode 3 of the Our Family Office podcast, host Adam Fisch sits down with fellow Client Advisor Connor Kelly to discuss philanthropy. Adam and Connor walk through the “capital pyramid” and what it means to engage in strategic philanthropy (maximizing personal impact, charitable impact, and tax efficiency). They also discuss the benefits for families in establishing family foundations, and the ways in which a foundation can pass on family values and build connection across generations.For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

Welcome to episode 1 of the White Hot Business Wealth Series    A word of warning: You are about to experience some serious word and wealth nerdery in today's episode and when you meet this absolute powerhouse, you're going to get why. Prepare (or don't) to feel your brain and bank account bend in real time.    Shayla Locklear is a Wealth Psychology & High Performance Coach and Consigliere to UHNW (ultra high net worth) individuals and families.    Through her High Performance & Wealth Psychology private coaching, succession and family governance consulting, intimate masterminds, wealth retreats, speaking on stages worldwide, she is the top choice to lead, coach, advise and mentor the world's most elite.    She is powerful, she is magnetic and she is sovereign – Shayla knows what she wants and how she wants to do it all whilst being in the vibration of expansion and the frequency of wealth. She goes first.     In our short yet potent time together, Shayla expertly reveals:  Why most entrepreneurs don't target HNW and UHNWI and what's going on within their own wealth psychology  How she acclimatised to being around and working with wealthy people as an aspect of embodying full ownership of her desires  The surprising way in which she started charging 5 figures and beyond for coaching once she had her own business  Her personal experiencing of receiving individual payments of $50k, $100k and $250k in her business and the power of private mentoring in a world of mainstream, en masse models.   What women in business need to let go of in order to receive more wealth through their business and  What you require permission to do differently when it comes to receiving money and wealth and the secret is that – we're already doing this in other contexts of our life.       Links  www.theshaylalocklear.com  IG: www.instagram.com/shaylaunlmtd  LI: http://linkedin.com/in/shaylalocklear  FB:  https://www.facebook.com/shayla.locklear?mibextid=LQQJ4d      White Hot Money Magnet Money AND Magnetism is a Turn On.    You are now entering behind the velvet curtain of my incredible body of work around money energetics and magnetism in business that has supported women to actualise and fulfil their legacy in new and exhilarating ways.    Inside Part 1: The Money Incubator, you'll find 5 potent trainings - This is about re-wiring to the frequency of money and being at ease within your personal operating system and unique design so that you can make offers that really turn you on in your business.    Inside Part 2: The Magnetism Incubator, you'll claim access to one of my most powerful bodies of work – the Magnetism sermon and dance. This is where you go beyond sitting and thinking to "manifest" through meditation and actually experience it so you can draw in from out there.    What will be inevitable for you and your business when you give yourself permission to become a Magnetic Money Maker?    https://www.laurenwhite.com.au/on-demand-store  See omnystudio.com/listener for privacy information.

On episode 2 of the Our Family Office podcast, host Adam Fisch speaks with Our Family Office Managing Partner Kevin Tran about family continuity. Adam and Kevin work through the definition of what “family continuity” means, and the ways families can determine if the next generation is prepared to look after the family's wealth. This episode includes a conversation about the unique continuity needs that affect ultra-wealthy families, as Adam and Kevin walk through examples of families that have dealt with continuity challenges, and the ways in which a family office can help navigate those challenges. Finally, they discuss the concept of a family constitution, and the myriad benefits that it can provide.For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

In the pilot episode of the Our Family Office podcast, host Adam Fisch sits down with Our Family Office CEO and Co-Founder Tim Cestnick, to define the concept of a “Family Office”. They describe the benefits of integrating services around an affluent family's wealth, the ways in which a good family office should be able to work with outside professionals, and questions to ask when considering a multi-family office.For more information about Our Family Office, visit www.ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

On episode 1 of the Our Family Office podcast, host Adam Fisch speaks with Our Family Office Co-Founder and CIO Neil Nisker about investments. Neil and Adam discuss the philosophical difference between “getting rich” and “staying rich”, the ways in which the ultra-wealthy should be thinking about risk when making investments, and the importance of due diligence in finding superior investment managers.For more information about Our Family Office, visit ourfamilyoffice.ca or reach out at info@ourfamilyoffice.ca. Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

In this week's episode of The Venue Rx Podcast, our host Jonathan Aymin sits down with Liene Stevens Founder and CEO of Think Splendid, a global wedding market research firm. Liene discusses the impact of inflation on wedding pricing and challenges posed by supply chain issues. She emphasizes the importance of understanding luxury clients' spending habits and values, focusing on exceptional guest experiences and the role of planners. The conversation also explores cultural and economic factors influencing luxury spending, including stealth wealth. She offers valuable insights and practical advice for managing stand out wedding venues that cater to high-end clients. About Our Guest:  Liene Stevens, founder and CEO of Think Splendid, is an author, speaker, and award-winning luxury business strategist and behavioral psychologist. Named by Special Events magazine as one of “12 Young Professionals to Watch,” her research on consumer behavior has been taught in the MBA curriculum at 41 universities worldwide and cited in over 30 scientific and academic journals. Liene also founded Splendid Insights, the leading wedding market research firm publishing statistics on luxury and ultra-luxury wedding markets for HNW, VHNW, and UHNW brides and grooms. Before entering the wedding industry, she held a strategic development role as an NGO executive and led international high-stakes crisis management. An expert on the business of weddings, Liene has appeared on numerous TV programs and in major media outlets such as The New York Times, Forbes, and The Economist. She serves on the Allied Council board for the National Society of Black Wedding and Event Professionals and has held positions with the International Live Events Association and the Wedding and Event Institute. Liene authored Speak Now or Forever Hold Your Peace: Marketing Your Wedding Business in Today's World and Luxe Love: Marketing and Selling Luxury Weddings. Her third book, The Pricing Bible: The Art & Science of Getting Your Numbers Right, is forthcoming in October 2024. Find Her Here:  Website: https://www.thinksplendid.com/ Instagram: https://www.instagram.com/thinksplendid TikTok: https://www.tiktok.com/@thinksplendidLinkedin: https://www.linkedin.com/in/thinksplendid/

Have a question for Mark Bruno or the Emigrant team? Send us a textWhile it's been years since Leo Kelly, CEO and founder of Verdence Capital Advisors, left the wirehouse world for the independent channel, a simple governing principle continues to anchor his vision for leading one of the industry's top RIAs: Build you firm like your client is the architect. Verdence, one of the nations' fastest-growing RIAs, continues to invest in both talent and technology to build out and enhance its unique business model - while also making sure they deliver a highly personalized and consistent experience for all of its clients. In this episode of RIA+, Leo shares his growth strategy with Emigrant Partners' Mark Bruno, and also outlines what lies ahead for Verdence, the independent channel and how the needs of HNW and ultra-HNW individuals are rapidly evolving. 

I am delighted to welcome Buddy Thomas, Founder and President of Superior Planning | Family Office, a Southern California firm serving HNW and UHNW families since 1982. Buddy has created more than 50 individual virtual family offices, providing family fiduciaries, family members, and their most trusted advisors with what they need to collaborate and make decisions together. He is the author of four books, over fifty published articles, and the producer of more than 200 videos including, the “Fifty-Five Second Family Fiduciary” and “Secrets of a Family Fiduciary” series. In his work with enterprising families, Buddy team developed a concept he calls “the three essential elements”. He describes this concept and how he puts it to work when he advises wealthy families. As with any creative conceptual framework, the key question and the real test is how it gets applied in real-life situations. Buddy paints a detailed picture of how he and his team do wealth planning with families that encompasses all three essential elements and talks about the planning process they have created that achieves the appropriate balance between left- and right-brain topics and priorities. Buddy and his firm are known for at least one practical tool they apply successfully with families – a tool that they even named their firm after, the Superplan. Buddy defines what the Superplan is and outlines how it works and how families can benefit from it. Taking his methodology to the next level, Buddy and his firm have now developed a Family Wealth Game as a modern tool to help families engage in the planning process together and are even building this game into a software application. He shares the vision and workings of this game, describes what it adds to the wealth advisory process, and illustrates the experience it delivers to enterprising families. Please enjoy this insightful conversation with a thoughtful and creative veteran of the family wealth advisory profession and a member of a multigenerational enterprising family.

In the world of hobbies and interests, boating happens to be one with the most wealth inside it. Whether it's lake boating or yachting in Monaco, no other network attracts high net worth individuals. What if you could turn your own lifelong passion for boating into the ultimate business opportunity so you can earn while you play?   That's what Ryan Garland did, and today he gets to rub shoulders and do business with the wealthy. He even uncovered a unique investing opportunity through this association. How did Ryan find his way into one of the wealthiest markets on earth? What business opportunity came out of this?   What are the big financial waves the wealthy are flocking to? In this episode, the founder of Paradyme Investments, talks about what the wealthy do differently and how you can align with it in your own business.   The boating world has a lot of wealth in it. My passion for boating helped me tap the wealth inside that market. -Ryan Garland Three Things You'll Learn In This Episode    -Why family offices exist Financial advisory firms and family offices are completely different machines in the investing world. What are family offices built for, how do they operate and why do they operate differently by design?    -The ultimate hedge against a volatile economy The people who hold the most wealth are looking for something more stable than the stock market and banking system to preserve it. How does private money lending play into this?   -How to turn a passion into profit How did Ryan turn his passion for boating into the ultimate networking opportunity and an exciting business venture?    Guest Bio: Ryan Garland is an investor, entrepreneur, author and founder of Paradyme Investments. His unparalleled ability to understand the real estate market, and to consequently shift his strategic thinking is the very foundation on which he has built his stellar career. Ryan started his lending career in the traditional SFR (Single Family Residence) space. Due to Ryan's ability to establish relationships with HNW clientele (High-Net-Worth) and his passion for distressed assets, he began the Paradyme brand. Ryan successfully facilitated and closed an average of 150 short sales and REO transactions a month during the 2008 recession period. Strictly focused on “workout turnarounds" also known as flips - both in the SFR and Commercial sectors. Operating as an LP, Ryan was voted #1 Top Originator in California for four years in a row. Ryan also made Top Producer Magazine, a nationwide publication. Ryan has facilitated over $1.5 Billion in distressed real estate transactions. Paradyme's objectives and core passion are aligned with "impact" investing designed to create generational wealth. Ryan created the Paradyme platform as a tool to help his clients build enduring wealth using real estate as the bedrock of their investment portfolios. With multiple projects in the pipeline at any given time, Paradyme's diversified offerings are designed for today's alternative investors looking to find non-correlated, low volatility and high return strategies in an increasingly unsettled investment environment. Paradyme's fundamental principles of integrity, transparency and exceptional client relations are the foundation upon which Ryan has built the company. For more information, go to https://paradymeinvestments.com/ and follow @ryangarland_paradyme on Instagram.

In our 113th episode, we engage in a conversation with Matthew Piepenburg, Author & Partner at Von Greyerz: Gold Switzerland. We delve into some of the current distortions in the illusionary economies portrayed by central banks around the world. Touching on the political chaos afflicting the West, and the impact of political games causing major fundamental shifts in the global currency and banking systems. Other topics include interest rates, central banking, the gold market, lack of trust in the US dollar, BRICS, petrodollar, political leadership, CPI, debt levels, the Federal Reserve, the war on inflation, 10-year bonds, illusionary economic metrics, market cycles, and preserving wealth.Matthew Piepenburg began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001. Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as General Counsel, CIO, and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley's hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provide the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ as a Partner.Matthew Piepenburg's skills include monetary metals, asset allocation, risk management, and macroeconomic analysis. He has written numerous white papers on the long-term distortions of central bank policies here and abroad. He has guest lectured at numerous family office forums, law firms, and universities, including Georgetown, Brown, Harvard, and Cal State. Matthew Piepenburg is also a published author and regular contributor to The Good Men Project.He is the author of the Amazon No#1 Release, "Rigged to Fail," along with co-authoring "Gold Matters, Real Solutions for Surreal Risks," which offers an extensive examination of gold as a historically-confirmed wealth-preservation asset. He is fluent in French, German, and English; he is a graduate of Brown (BA), Harvard (MA), and the University of Michigan (JD). Sign up to our Monthly Macro Newsletter - @ https://newgenmindset.substack.com/ Socials: Nic Tartaglia - @nictartaglia Dan Kozel - @dan_kozel93 www.newgenmindset.com Apple: https://podcasts.apple.com/ca/podcast/newgen-mindset/id1509522820?i=1000556180979 Spotify: https://open.spotify.com/episode/0HlKwTnrI4AT5cLNiATlbg?si=wAQwMUd2Q5C2QaiEsLK0zg Google podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8xNTYxYjQ1Yy9wb2RjYXN0L3Jzcw Go listen Share Follow . . . . . #goldswitzerland #goldvaults #swissalps #gold #goldbullion #bullion #goldprice #goldpricetoday #goldprice2024 #silver #silverbullion #silverprice #silverpriceanalysis #goldpriceanalysis #currency #macroeconomics #globalbanking #banks #banking Disclaimer**** None of the information taken within this episode should be considered investment advice and should only be viewed for information purposes only. NewGenMindset is not a broker, or a licensed provider of financial services. All claims made in this episode to any listener should not be viewed as offering personalized legal or investment counseling. Any investments made in any companies should be consulted with a licensed financial professional from here on. --- Send in a voice message: https://podcasters.spotify.com/pod/show/newgenmindset/message

BIO: Chris Ball started his career in 2004 as a tax adviser with KPMG LLP. He then transitioned and founded Hoxton Capital Management in 2018. The group's sole emphasis is helping HNW and UHNW clients with borderless global financial advice. Chris' specialty is assisting individuals with their retirement planning needs.STORY: When Chris started his career young and fresh, he got into spread betting. That didn't go so well, and he lost 10,000 pounds, which was a lot of money in 2008. In terms of business, he wasted over $750,000 on bad hiring decisions.LEARNING: Don't enter markets that you don't understand. If someone is not 100% right, don't hire them. “Hire and fire fast. If they're not right, and you spot it, don't keep giving people chance after chance or trying to fit a round peg into a square hole, which doesn't work.”Chris Ball Guest profileChris Ball started his career in 2004 as a tax adviser with KPMG LLP. After seven years with KPMG, Chris moved to the Middle East to join the deVere Group, where he continued his work as an IFA. He started in their Abu Dhabi offices and eventually headed up the Qatar operations for the group, which dealt with HNW and UHNW individuals.Chris then transitioned and founded Hoxton Capital Management in 2018. The group's sole emphasis is helping HNW and UHNW clients with borderless global financial advice. Chris' specialty is assisting individuals with their retirement planning needs.Chris has three children with his wife.Worst investment everWhen Chris started his career young and fresh, he got into spread betting. That didn't go so well, and he lost 10,000 pounds, which was a lot of money in 2008. In terms of business, he wasted over $750,000 on bad hiring decisions.Lessons learnedDon't enter markets that you don't understand.If someone is not 100% right, don't hire them.Playing at things never produces good results. You have to be 100% dedicated and focused on your work.Actionable adviceHire and fire quickly. If someone is not suitable and you spot it, fire immediately. Don't keep giving people a chance after chance.Chris's recommendationsChris recommends using his recently launched Hoxton Wealth App, available on iTunes, Apple App Store, Google Store, and the company's website. It's completely free. The app enables people with accounts in different countries to live link those accounts and view them in a currency of their choice. It also has cash flow modeling, which enables people to see if they have enough money saved for various goals.No.1 goal for the next 12 monthsChris's number one goal for the next 12 months is to launch a wealth app and attract 100,000 users.Parting words “Thank you very much for having me on. I really enjoyed it, and I wish you all the best.”Chris Ball [spp-transcript] Connect with Chris BallLinkedInFacebook

Michael J. Firestone, CFA  https://www.linkedin.com/in/michaeljfirestone/ Fire Capital Management, LLC is a boutique investment management company that helps people achieve their dreams. We empower our clients to re-imagine what is possible to accomplish with their investments, social impact goals, and family legacy. The firm offers private wealth management and multi-family office services to HNW individuals, families, and foundations. Fire Capital Management is strategically headquartered in the heart of innovation economy, San Francisco, CA.   Sophie Tsang, MBA https://www.linkedin.com/in/sophietsang/ Sophie's Civil Engineering background and marketing expertise contribute to her broad understanding and high efficiency in marketing real estate properties. She has been consistently a top performer since 2005, and personally ranks the highest 1% by volume of all Silicon Valley Realtors. Also a WSJ Real Trends 2022 America's Best Honoree. As a seasoned negotiator, Sophie's no-nonsense marketing system and meticulous attention to details have been key success factors. She is known as the The Fixer, or Miracle Worker, frequently helps sellers sell their homes when other agents had failed or given up. She helps buyers get into homes when they previously struggled. 20+ years in Real Estate, Sophie has honed her skills on getting the best possible results for her clients. Her trusted network of vendors and use of cutting-edge technology ensure each step of each transaction is executed to achieve next level result! Sophie is a proud parent of 2 Eagle Scouts (in college). She has done guest speaking at Faith Radio, and written a column for World Journal Newspaper to share her Real Estate knowledge. Sophie is a Palo Alto Rotarian and a Paul Harris Fellow, also a Golden Gate Keeper (Golden Gate National Park Conservancy).   Jeanie (Kim) Colclough   https://www.linkedin.com/in/jcolcloughtravel/ In my professional role as a travel advisor, I specialize in creating soft adventure experiences for my clients. My favorite types of trips to book include: Cultural Immersion Vacations — These trips are designed to get travelers interacting with local people, experiencing cultural events and dining on authentic cuisine. Culinary Tours — Perfect for foodies and wine lovers, culinary tours allow travelers to experience the unique flavor of their destination. Active Vacations As I carve my own path within the travel industry, I have made this quote my motto: "Travel and change of place impart new vigor to the mind." These words of Seneca define the need for travel as part of our human experience. When we book a vacation to a new destination, whether it's a tropical island filled with the potential for relaxation or an ancient city built for learning and exploring, we know we will be changed by the experience. Travelers come home feeling refreshed and rejuvenated, while also yearning for more at the same time. Contact me today to book your next adventure! I look forward to helping you every step of the way.   We discuss:   What are the most common mistakes people on the panel see people make as soon as they have a large sum of money?    Depending on the exit price, what are some options a seller must know to do the right things to create generational wealth or maintain the exit for a needed amount of time?   After they exit their companies or sell a part of them, many people want to diversify their wealth; what are some ways that they choose to do this?   What issues do they face if they are looking to invest in real estate?   What about if they want to start investing in real estate projects? Are there any problems they might face?   If an owner doesn't properly plan before the sale, what can they do afterward to mitigate taxes?   The most common thing owners say the first thing they will do after selling a business is to go on a trip. What are things they should consider?   If there are economic changes, how would they impact the new life of the former business owner?  What should a person think or do if their assets from the sale significantly drop?   What about options for living abroad?  What are the first steps someone could take to try life overseas out?    

Interview recorded -1st of April, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG.During our conversation we spoke about what is currently happening in the economy, why speculators are the only ones making money, no alternative to the US Dollar, Financial repression, wealth divide and more. I hope you enjoy!0:00 - Introduction1:45 - What is currently happening in the economy?5:57 - Debt owned by bottom 50%13:25 - Speculators the only ones making the money?18:22 - No alternative to the US Dollar28:22 - Strong US Dollar moving forward in short-term?33:23 - Potential for Financial Repression?37:33 - Is there away out of the current crisis?40:19 - How do you get rid of the wealth divide?45:00 - Last question to takeaway from podcast?Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley's hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ.The author of the Amazon No#1 Release, Rigged to Fail, Matt is fluent in French, German and English; he is a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD). Along with Egon von Greyerz, Matthew is the co-author of Gold Matters, which offers an extensive examination of gold as an historically-confirmed wealth-preservation asset.Matthew Piepenburg - LinkedIn - https://linkedin.com/in/matthewpiepenburgWebsite - https://vongreyerz.gold/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

While a lot of advisors may say they offer financial planning, not all manage to offer dynamic customized plans to clients. For advisors Bart Zandbergen and Letitia Berbaum with The Zandbergen group, a DBA* of Axxcess Wealth Management in Laguna Beach, California, making planning a priority not only helps them stand out, it makes them essential. They are often the first ones called when clients are facing an emergency.   In this episode, you'll hear about their planning process, and how it's enabled by technology and smart teaming. They also explain why they family wealth conversations early and often, and how to have that conversation with clients.   For more, visit PracticeLab. *DBA stands for does business as another firm name.

Building bridges between cultures is a crucial aspect of fostering understanding, empathy, and cooperation in our increasingly globalized world. Corina Goetz, who grew up in East Germany, has dedicated her career to building relationships between the Middle East and the Western world. Her passion for the Middle East stems from her background in the luxury hospitality sector. She shares her insights on the importance of understanding the region's history, culture, and traditions for companies operating in the Middle East or catering to high-net-worth clients from the Gulf area. Our conversation focuses on: Dispelling stereotypes and the challenges Carina faces in her work Carina's expertise in building relationships with clients in the Middle East The stereotypes and misconceptions that many Westerners have about the Middle East Opportunities available in the Gulf area and also working with people from there Importance of empathy and understanding in fostering connections between cultures. Her brand, Star-Cat, is all about helping you foster and maintain thriving relationships with Middle Easterners. Listen in and your eyes will open up to a whole new world of opportunity. Mentioned in the show: Star-Cat; https://star-cat.co.uk/ News and facts from the Middle East; https://star-cat.uk/newsletter-8659 About Corina: Corina is deeply passionate about the Middle East and the realm of hospitality. With a background in the luxury hospitality sector, she recognised the importance of fostering a comprehensive understanding of the Middle East - its history, culture, and traditions - among companies operating in the region or looking after HNW clients from this part of the world. "We have been trusted advisors to many clients from the Gulf and we now teach others how to build these relationships. Our core mission is to build bridges between the Middle East, specifically the Gulf and the West and dispel stereotypes." IG: https://www.instagram.com/starcat_corina/ FB: https://www.facebook.com/StarCaTLtd Linkedin: https://www.linkedin.com/in/corinagoetz/ TikTok: https://www.tiktok.com/@starcat_corina YT: https://www.youtube.com/channel/UC0lv7uKVflzVMVTy6LmuHdQ Pinterest: https://www.pinterest.co.uk/star_cat_ltd/ Website: www.star-cat.co.uk Blog: https://star-cat.co.uk/blog Newsletter: https://star-cat.uk/newsletter-8659

Scott Buss, Founder Advent Jets, Worldwide Private Jet Charter and LuxStyle Services. Principal at SJB Development & SJB Capital. Aviation expert that specializes in synergizing the private jet industry and luxury lifestyle VIP brands. In addition to aircraft & worldwide private jet charter sales, he also creates VIP experiences for HNW clients & businesses around the world. LinkedIn:    https://www.linkedin.com/in/scott-b-37657429/ LinkedIn Business page   https://www.linkedin.com/company/advent-jets/? Facebook:   https://www.facebook.com/adventjet/ Instagram:   https://www.instagram.com/flyadventjets Twitter:   https://twitter.com/AdventJets Website:  www.Adventjets.com   Episode 99, Oxana Fesik, Super Mega Yachts 00:00:03 Interviewing Private Jet Company Founder on GLE 00:02:39 Enterprising Entrepreneur's Story 00:09:16 Prison Is Not As Horrible As You Imagine 00:10:16 White Glove Concierge Service 00:12:54 Private Jet Charter: Scott's Story 00:14:46 Scottsdale real estate investor and private jet broker 00:15:57 Flying Private For the First Time 00:16:52 Private Travel: The Future of Business 00:19:00 How to Buy Your Own Jet For Free? 00:21:34 What's The Secret To VIP? 00:26:57 Scott Hadley On His Coolest Experience 00:30:41 Don't Be Afraid To Ask For Advice From People 00:34:01 More Concern about Your Character Than Your Reputation 00:35:38 The Secret to Buying a Jet 00:41:48 "I Only Bring Up the Past" 00:42:33 Bill Maher: How Tall Are You? 00:47:14 Bret Favre on Partying With His Former Teammates 00:50:22 Reveal: Living Life Outside Of Prison 00:54:17 Why Do People Talk To Others So Much? 00:59:28 What Would You Want To Leave Your Future Generations? ___________________________________ Grab some GLE Gear GoLeadEverything.com/gear Subscribe to the Phil Swanson YouTube channel. ⁠⁠https://www.youtube.com/@philswanson⁠⁠ Rate and review on Apple Podcasts and Spotify. ⁠⁠https://podcasts.apple.com/us/podcast/go-lead-everything-gle-with-phil-swanson/id1507270810⁠⁠ ⁠⁠https://open.spotify.com/show/2xzibFAsAQ86l0famNIufr?si=c77d176ee4d34d48⁠⁠ Follow Phil Swanson on Social Media: ⁠⁠GoLeadEverything.com⁠⁠ Soundtrack Credit: Hot Coffee – Patrick Patrikios

In this episode Joe Prendergast, Strategic Advisor and Head of Investment Strategy at Goodbody joins Alan Dunne to discuss the challenges and opportunities in managing wealth for HNW investors, particularly businesses owners. Joe outlines his investment philosophy and why a 50-50 allocation between growth assets and defensive assets is still at the core of his approach to proving a “peace a of mind” portfolio for investors. They discuss risk management and how to manage drawdown risk and the shortfalls of focusing too much on volatility as a risk measure when managing portfolios for private investors. They delve into the current investing backdrop, how higher interest rates have impacted asset allocation decisions and discuss why Joe is structurally more upbeat on the opportunities in public markets in the US but more optimistic on the opportunities in Europe and Asia for private equity.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Joe on LinkedIn.Episode TimeStamps: 02:46 - Introduction to Joe Prendergast04:50 - Prendergast's learnings from working at Credit Suisse07:00 - What types of portfolios are Prendergast running?09:49 - Prendergast's investment philosophy13:59 - How has 2022 changed the asset allocation space?16:32 - Could we have another 2022?18:56 - Having metrics for success26:50 - Managing cash flow31:43 - Shooting for a higher...

Episode 025: In this episode of The Connected Advisor, Jud Mackrill is joined by Victoria Bills, Chief Investment Strategist at Banrion Capital Management, and Steve Zushin, Chief Revenue Officer at Mammoth Technology. Together, they dive into the world of alternative investments for business growth and retirement strategies. They also discuss the complexities of incorporating alternative investments into business strategies, positioning them for clients, and overcoming challenges. They touch on the importance of building a positive client experience and tailoring investment strategies for retired clients.  Join us as we discuss: [01:22] - Intro to Victoria Bills and Steve Zuschin. [05:10] - How do advisors know if alternative investments are right for their clients? [10:50] - How should advisors be positioning alternative investments to their clients? [14:55] - What's the biggest challenge most advisors face in starting to use alternatives? [21:08] - Best structure for sub docs process? [24:41] - What factors are considered in building alts allocation? [26:29] - How do advisors build client experience? [30:38] - What are advisors doing to satisfy due diligence when they don't claim to be experts in underwriting one fund from the next? [33:02] - Why should financial advisors advocate for allocating a specific percentage of a HNW client's portfolio to hedge funds, given their potential to mitigate risk and generate alpha in volatile markets? [34:14] - In what ways can financial advisors tailor alternative investment strategies to align with the income generation goals of retired clients with a moderate risk tolerance? [35:13] - How can financial advisors tactically implement private equity and real estate investments to enhance diversification within a client's portfolio? [36:20] - How do you evaluate the solidarity of an alt fund? [37:55] - Any warnings on alt environment, specifically private equity or opportunity zones due to interest rates? [39:34] - What is Mammoth Technology's business model? [42:02] - How does Mammoth's platform integrate with other platforms an advisor is already using? [43:32] - Can you white-label Mammoth's platform? [43:39] - Does Mammoth's platform include fund listings and descriptions, subscription process and fund reporting? [43:56] - Is Mammoth's platform just for advisors or L.P.'s as well? Quotes “We don't get paid to put products on our platform. We don't get paid if you invest. We get paid for the fact that we continue to work as an advocate for the funds that are on our platform, but most importantly, keeping the financial advisor in mind.” ~ Victoria Bills “Ultimately, that's why Mammoth exists, is to try and reduce some of those challenges and to make alternatives easier for you to approach, but also easier for you to provide excellent service to your clients when they do allocate to these different types of products on the private market." ~ Steve Zuschin Links  Victoria on LinkedIn Steve on LinkedIn Banrion Capital Management Mammoth Technology 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.

Michael Sonnenfeldt is the founder of TIGER 21, a community of entrepreneurs and HNW investors who collectively represent $150 billion of net worth. In this episode, they discuss the challenges around the skills of being a successful entrepreneur don't translate to being a good investor, how to think about legacy planning, and the role alternative investments play in your portfolio. Connect with Michael Sonnenfeldt on LinkedIn https://www.linkedin.com/in/michael-sonnenfeldt-84072225/ Connect with Ben Fraser on LinkedIn ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/benwfraser/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors. Get started and download your free economic report today at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/report⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Join the Investor Club to get early access to exclusive deals. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.aspenfunds.us/investorclub⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Subscribe on your favorite podcast app, so you never miss an episode. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thebillionairepodcast.com/subscribe⁠⁠

27 November 2023:  Dr Shefali Verma is a doctor, a sports medicine expert, a parent, and an Integrative Medical Practitioner. Recognized by the United Nations as an esteemed young ocean leader, Bodhi Patel is a marine educator focused on human health and ocean pollution and co-founder of Ocean Uprise. We catch up with Claire George, Director of Marketing and Communications at Haus & Haus and last but not least Madeleine Mendy is a Partner at Bin Sevan Advocates and is the Head of their Family Law Department, which she started over 6 years ago. Her main areas of practice are HNW divorces, children matters and cross-border kidnappings.See omnystudio.com/listener for privacy information.

Today's show brings us inside the mind of a top allocator and CIO in the private wealth world.We talk with Shannon Saccocia, the CIO of Neuberger Berman Private Wealth, a division of NB that has almost $70B of assets under management. With over 24 years of experience, Shannon brings a wealth of knowledge on private markets to bear. At NB Wealth, she works closely with investment leadership to establish market views, asset allocation, and portfolio recommendations tailored specifically for NB Private Wealth clients.Prior to joining NB, she was the CIO for 5 years at SVB Private and Boston Private Wealth, which SVB acquired in July 2021. In this capacity, she oversaw all investment management functions, including portfolio construction, asset allocation, third-party manager selection, equity and fixed income portfolio management, performance and trading.Shannon and I had a fascinating conversation on the evolution of private markets and how both allocators and GPs can think about this changing landscape. We discussed: The definition of alts and what “true alternatives” are. The changing nature of asset allocation and why alts are such a critical part of an investors' portfolio. The evolution of fees and what investors should be paying for. Why specialized managers can win. The importance of geopolitics and macro in a world where deglobalization has an increasing impact on asset allocation. Why secondaries are an important onramp to private markets for the HNW channel. What it means to get comfortable with being uncomfortable as an investor. What the institutional investor world can learn from HNW investors. Thanks Shannon for coming on the Alt Goes Mainstream podcast to share your thoughts and wisdom on private markets.

We welcome Greg Margolies, Partner, Ares Management for a deep dive on private credit. This alternative asset class has seen tremendous demand from retail and HNW investors, and we take a close look. Ares is a leader in the space, and Greg has spent a 35-year career in credit. He gets into the mechanics of the deals, what to look for, and how private credit can help diversify a portfolio through all stages of the economic cycle.

Lisa Featherngill, CPA/PFS, is on a mission to make sure the qualitative side of planning gets as much emphasis as the quantitative aspects. In this episode of the PFP Section podcast, Lyle Benson, CPA/PFS, facilitates Lisa to share her wisdom so that you can benefit from her experiences. They discuss: How Lisa took the leap from providing tax and financial planning services in a CPA firm environment to joining a large bank What her mom shared with her that helped her make a hard career decision Why her current role is the capstone of her career, bringing all of her experiences together  Her passion for helping her family clients be successful by communicating well, especially in the estate planning area The critical role that CPA financial planners play on a team of advisors How she wants to take her knowledge of planning for the HNW to help those with lesser wealth What she sees for the future of financial planning  Access resources related to this podcast: Note: If you're using a podcast app that does not hyperlink to the resources, visit Libsyn (PFP) to access show notes with direct links. Listen to other episodes in this series.  Save the date for ENGAGE 2024 where you will find the most technically advanced learning in PFP, tax, and estate planning.  Use Broadridge Advisor to make complex topics simple for your clients.  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 theCPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online 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.  

Rare access to one of the top-of-the-food-chain leaders who discusses the direction of Wells, how it compares to its peers, the value to HNW and UHNW clients, a perspective on recruiting and the ideal advisor type, the future of the industry, and much more.

One of America's best (and most quotable) judges, Learned Hand said, "Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." What happens when the IRS disagrees with the way you've arranged your affairs? What do you do when you receive “fan mail” from the IRS (or the State Taxing authority) KELLEY C. MILLER, ACTEC Fellow and Partner at Reed Smith in Washington DC. helps us understand the process of an IRS audit, good practices in dealing with an audit, and inside knowledge of how the process works at the agency. This episode is full of good information on an uncomfortable, but vital, topic for families that are pursuing complicated planning that may catch the attention of the taxman. Background and Good Conduct Rules of Thumb Be Honest Be Prompt Be Complete Be Clear/Organized Be Consistent and coordinated with other tax and gov't authorities Be Quick to Alert the IRS if issues come up What is the IRS / State looking for? In a word, UNDERPAYMENT . . . or "more revenue." Listed Transactions (ex. syndicated conservation easements) Unreported income Mischaracterization of gain vs income Filing status (ex. Domicile / Residence - esp. at state level) and Dependents Itemized deductions (Business vs Personal) Eligibility for credits / treatment Sources of “referrals”: Data (Demographics, Internal Data, HNW, UHNW patterns, Social Media, AI in the future?) News, Spouses, Other Agencies (Corporate Transparency Act Implications) Past conduct How is the IRS to deal with? Other states? They are professional and sophisticated but under-resourced Whom are they looking for? Improvements? Potential new staffing and technological investments Is not incorporating your advice team ever a good idea? Civil vs. Criminal vs Collections Departments Process 1) Open the Letter!  (Not a good time to stick your head in the sand) Is it an audit or a request for additional information? What person or entity is being audited? What is the focus of the audit? What documentation is being requested? What kind of audit? Correspondence Audit: The IRS requests additional information regarding a part of your tax return, such as receipts or canceled checks. Office Audit: The IRS requests that you bring specific documentation into your local IRS office- the audit happens there. Field Audit: An IRS agent shows up at your place of business to conduct a face-to-face audit. Taxpayer Compliance Measurement Program Audit: The mother of all audits- one that requires full documentation down to birth certificates to test the Agency's scoring systems. 2) Notify the team and decide on the response strategy Who is quarterbacking the response and the interaction? Accountant / Attorney / Wealth Manager / COO When should the tax preparer run things vs an attorney? Do you need other expertise? Should you have Attorney / Client Privilege? Very likely. Who is compiling the information? 3) Responding to the request You should respond to the IRS/State within 30 days of receipt How should that occur? Call / letter? Crafting the response letter Supplying the requested information 4) No Action or additional payment? If it's determined I owe more, what is the process of appeal? What if I don't have it? Payment plans? 5) Closing the file Documenting the outcome Post-mortem – What practices were audited? Should we do anything different in tax planning Any other storm clouds on the horizon? Lessons Learned- Updating documentation and administration process going forward How Do We Stay In Touch with Kelley? KELLEY MILLER at REED SMITH KELLEY MILLER on LINKEDIN https://www.amazon.

The Corporate Transparency Act is legislation that is going to touch all high net worth clients in 2024.  This is like KYC procedures on steroids and investors need to be aware of it. Attorney, STEPHEN LISS helps us understand the scope of the developing new regime. The financial reporting system currently makes it cumbersome for regulators and law enforcement to track the asset ownership and cash flows.  Lessons learned from the Panama Papers and Pandora Papers disclosures signaled the need for a change.  Congress passed the CTA legislation in 2022 to combat money laundering, tax evasion and other illegalities.  After public input, final rules were recently promulgated. There are significant reporting responsibilities and criminal and financial penalties for non-compliance. The impact of these initiatives takes hold in 2024- It's becoming a point of emphasis for the legal, accounting and financial services communities. It will be significant part of the estate planning process for HNW clients going forward. With the expected “2026 avalanche of estate planning. Clients are in a for a surprising change in the standard procedures around standard techniques. The concept of “Putting it in an LLC” or “putting it in a trust” is about to become more expensive, complicated and time-consuming- particularly in dealing with the law firms and especially financial institutions. STEPHEN LISS is a partner at Dungey and Dougherty and is on the forefront of this legislation and its impact on clients. We're going to talk about the scope of the CTA, it's impact and why it's important for HNW clients to start early and get ahead of these requirements when the planning avalanche comes. Background Congress enacted the Corporate Transparency Act (“CTA”) under the Fiscal Year 2021 National Defense Authorization Act on January 1, 2021. The requirements of the CTA are being implemented “to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity, while minimizing the burden on reporting entities.” That said, even FinCEN acknowledges the enormous reporting burden imposed by the CTA, which it most recently estimated to be over 118 million hours in 2024, with an annual burden of over 18 million hours thereafter. The CTA added 31 USC §5336 to the Bank Secrecy Act with the title, “Beneficial ownership information reporting requirements”. The CTA has three core elements: Reports to FinCEN The CTA requires certain entities (each a “reporting company”) to identify itself, its primary owners and officers (each a “beneficial owner”), and certain professionals who helped to form or register the reporting company (each a “company applicant”). The reporting company must then report to the Financial Crimes Enforcement Network (“FinCEN”) information sufficient to identify the reporting company, its beneficial owners, and any company applicants (“beneficial owner information” or “BOI”). Control Access to Information FinCEN will provide BOI to government regulatory and investigatory bodies, but it will not be made available to the general public. In addition, there are specific procedural requirements for government actors to access this information, along with civil and criminal penalties for improperly accessing or using such information. Revised Due Diligence Requirements The Secretary of the Treasury is required to revise Customer Due Diligence requirements for financial institutions to conform to the CTA, and account for the ability of financial institutions to access beneficial ownership information. Outline What is the Corporate Transparency Act? The purpose of the Act is to Set a clear federal standard for incorporation practices Protect U.S. national security and commerce Enhance national security, intelligence, and law enforcement efforts to combat money laundering, terrorism financing, and other illicit activities Bring the U.