What is impact investing, and how does it direct investments toward positive societal and environmental impacts? In this episode, Rena Greifinger shares the founding story of Maverick Collective and its mission to empower women philanthropists to invest in health and reproductive rights for women and girls. She discusses the shift towards more flexible and nimble forms of philanthropy and how it allows for a more strategic and aligned approach to giving. Join us as we explore how philanthropic organizations like PSI are changing the game by creating meaningful impact through their unique approach to venture philanthropy. Let’s dive in!Rena Greifinger is an award-winning social entrepreneur, philanthropy leader, and advocate for women and girls. She currently leads Experiential Philanthropy at Population Services International (PSI) and is Managing Director of the Maverick Collective by PSI, a community of women philanthropists making catalytic investments in health and reproductive rights to elevate women and girls everywhere. [00:01 - 07:42] Opening Segment• Rena introduces Maverick CollectiveA community of women philanthropists making catalytic investments in health and reproductive rightsWomen ranging in age from early twenties to early eighties• Adolescent sexual and reproductive health, access to contraception, HIV prevention, and more[07:43 - 15:16] The Progressive and Nimble Form of Philanthropy• How Maverick Collective epitomizes progressive and sophisticated philanthropyIndividual philanthropy is small but can be mighty and catalytic• Maverick members prioritize the lived experience and decision-making of the communities they support• Access to high-quality healthcare at an affordable cost is essential for gender equity[15:17 - 22:41] An Approach to Global Health & Experiential Philanthropy• Health equity is necessary for gender equity• PSI is locally led and globally connected with deep programming in countries and communities• Experiential philanthropy blends hands-on learning with real-dollar grant-making to accelerate changeWhat impact investing involves, and what it means[22:42 - 30:16] Investment Strategies for Impact• Philanthropic investments should not harm the worldImpact investments support projects and organizations that help the planet and people• Measuring impact is essential, especially for systems change and catalytic impact• Real systemic change is hard to measure directly and takes generations of effort[30:17 - 39:43] Closing Segment• Advocacy and movement building needed for high-quality healthcare• Maverick Collective provides flexible funding for advocacy and capacity buildingWant to connect with Rena? Follow her on LinkedIn. Head to Maverick Collective, a community of bold philanthropists advancing health and gender equity! Key Quotes:"There's no other form of giving that is as nimble, that has the ability to be creative, to fund ingenuity, to fund at the cutting edge than individual philanthropy.” - Rena Greifinger“We are just not going ever to achieve gender equity if women and girls do not have access to the healthcare that they need and desire.” - Rena Greifinger“Your curiosity is your capital just as much as your money." - Rena GreifingerDownload our FREE Strategizing for Inflation Guide here:

What qualities do you look for in a potential project, and how do you determine which opportunities are worth pursuing? Join us as we welcome Ray Chang, a dynamic entrepreneur, and executive who has successfully built companies in real-estate development, motorsport experience, and tourism space. With over 15 years of experience developing, managing, and delivering business-to-business and business-to-consumer events and experiences, he is a results-driven and event-focused veteran. In this episode, Ray shares his inspiring story of success, from helping his parents manage their restaurant growing up to founding Motorsport Lab. He digs into his successes, failures, and curiosity about what will happen next for those he has invested in. Listen to Ray’s insights on embracing diversity within entrepreneurship, networking, modernizing investments, and marrying your passions with good business decisions. Let’s dive in![00:01 - 06:50] Opening Segment• Ray’s journey to entrepreneurshipMoving from Taiwan to the US at a younger age15 years of experience in real estate development, Motorsport experience, and tourism• How Ray started selling energy drinks door to door before founding Motorsport Lab[06:51 - 13:45] Managing Multiple Businesses• How Ray developed a community on trips to share ideas, and business deals• The growth of F1 and its association with lifestyle, culture, and community• Balancing out the Asian American Community[13:46 - 20:47] Exploring the Opportunities of Real Estate Investment• Discovering the opportunities for real estate investing in PortlandBuilding units in Portland to create more housing stock• Building Asian American community through venture Angel investing• Experiences with successes and failures[20:48 - 27:25] Navigating the Angel Investing Space• Investing in people rather than companies• Ray’s experience investing in a variety of industriesReal estate, cannabis, fashion, consumer tech, retail, and more• The power of helping entrepreneurs and investing in them[27:26 - 34:55] Closing Segment• Factors that can lead to the success or failure of a company• How to combine your passions and businesses• Learns from other industries to bring ideas back and work smarterWant to connect with Ray? Follow him on LinkedIn, or email him at iamraychang@gmail.com Key Quotes:“My job as an entrepreneur is to really understand more and do the best I can to create a cognitive and customized experience to help the entrepreneurs grow.” - Ray Chang“You gotta make a decision, it may not be the right decision, but you eventually want to make it right.” - Ray ChangDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON!

Have you ever considered how improving your financial literacy can positively impact your physical and mental health? In this episode, we sit down with Dr. Megan McCoy to learn more about financial therapy and how it is helping individuals make informed decisions related to money. She takes an in-depth look into common problems financial therapists encounter, such as communication issues, boundaries around emerging adulthood's financial support, and financial infidelity. She advises whether to keep finances individually or collectively and offers valuable tips on talking to children about money. Join us for this engaging conversation about money, finance, retirement, and more!Dr. Megan McCoy started as a family therapist but now works as a Kansas State Financial Planning Program faculty member. She teaches about the intersection between financial well-being and overall well-being.[00:01 - 07:06] Opening Segment• Discovering the benefits of financial therapy • A collaboration between mental health professionals and financial planners• Helping people move up and down the spectrum of mental health and financial planning•  What you know is more important than the letters after your name[07:07 - 14:17] Financial Therapy: The Next Wave of Financial Planning• How clients have higher expectations of advisors• Robo-advising is leading to the evolution of financial planning• Covid and social media have made people more open about their mental & financial health • How meeting with a planner increases marital satisfaction[14:18 - 21:25] The Financial Therapy Association• Boundaries around emerging adulthood financial support is a common problem• Financial infidelity is a major issue & it can lead to power imbalances in relationships• Pooling resources can help reduce wasteful spending and increase financial well-being • Financial anxiety is rising due to market uncertainty and ambiguity[21:26 - 28:32] Navigating the Transition Between Baby Boomers and Millennials• Go all the way to the worst outcome and see what can help deal with stressors• Recognizing where shame associated with money comes from is important• Why coaching clients through a transition between baby boomers and millennials is vital[28:33 - 37:18] Closing Segment• How to explore financial anxiety and build trust in financial planning clients• It's normal not to know everything about money at once• Millennials should create a safe space for their children to talk about moneyWant to connect with Megan? Follow her on LinkedIn and follow her work!Key Quotes:"Financial therapy is how we foster trust and commitment in our clients, how we help them actually discover and then meet their needs." - Megan Mccoy"The more invested you are in financial therapy, the more time is spent actually being quiet and listening." - Megan MccoyDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON!

How can technology, management principles & innovative talent management help your business succeed? In this episode, Sabrina Sidl reveals her insights into building trust in business relationships, navigating the anxiety of technology innovation, and bridging the generational gap within family offices. She discusses how communication, transparency, and trust create a thriving environment and touches on how corporate cultures have stayed the same despite employees being unsatisfied and crushed by today's environment. Tune in and learn how to navigate uncertainty during rapid change!Sabrina Sidl built a long and successful career providing operational and strategic advisory services to senior leaders and investors across multiple industry sectors, including single-family office, real estate development, and asset management. She worked internationally for many years and has a deep passion for all aspects of relationship management and making an impact by creating critical and meaningful connections between people producing excellent business results.  [00:01 - 07:17] Opening Segment• Trust is built in a business setting in the same way as personal relationships• How to manage the anxiety caused by the pace of technological change   •Awareness & sensitivity to how people adapt• Why leaders must create a culture that allows for experimentation and failure[07:18 - 14:23] Bridging the Generational Gap• How to manage generational gaps and diversity of worldviews• How to attract and retain top-tier talent in family offices • Leadership style has changed with the younger generations• Work now requires purpose, community, coaching, training, and mentoring[14:24 - 21:40] The Key to Establishing a Successful Culture• Organizational alignment is vital for success • Psychological safety and trust are crucial for effective communication• Setting clear expectations and understanding the goals of each generation are key • Overcommunication is necessary to ensure alignment with goals[21:41 - 28:39] Navigating the Challenges of Uncertainty• Holding people accountable when they don't follow the established culture is critical• The concept of unlearning and relearning• How giving feedback is an art and science• Uncertainty is the biggest challenge for clients right now[28:40 - 33:02] Closing Segment• The older generations' and younger generations' mindset• Why Corporate America has not changed• What brings Sabrina peace of mindWant to connect with Sabrina? Follow her on LinkedIn. Visit CGC Group to explore world-class solutions!Key Quotes:"I want people who want to work like owners and not employees because the employee mindset will not lead to any growth." - Sabrina Sidl"If you want to produce anything great and want to make a dent in society and an impact, that's not a nine-to-five job." - Sabrina SidlDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON!

How has technology impacted modern finance and created an asymmetrical relationship between Wall Street and individual investors? In this episode, we speak with Spencer Jakab, the author of The Revolution That Wasn't and editor of the Wall Street Journal's Heard on the Street column. Spencer dives into the differences between Wall Street and a casino, outlines the risks of being an active investor on Wall Street, and looks at how technology has created an environment where trading stocks is no longer expensive. He emphasizes the importance of long-term investing with tools such as index funds or compound interest to build wealth without playing 'the game'. Let’s dive in![00:01 - 07:00] Opening Segment• From Wall Street Trader to Financial Journalist: Spencer Jacob's Journey • How he learned about finance and got a job in emerging markets• Introducing The Revolution That Wasn't[07:01 - 13:40] Examining the GameStop Revolution• How the pandemic provided Spencer an excellent opportunity to start a side project• The genesis of the book  • The GameStop stock surge• The initial headlines about the GameStop surge[13:41 - 20:37] Exploring the 'Meme Stock' Phenomenon• The story about meme stocks • Meme stocks went way beyond their fundamental value• Examining the meme stock squeeze• Short selling is a legitimate practice where people bet against stocks without owning them[20:38 - 27:44] Wall Street: Not a Casino, But a Place to Build Wealth • Young Reddit traders made money, but they were net contributors to already rich people• Wall Street is mainly made up of intermediaries who are not taking risks with their own money• Wall Street is not a casino, but it can be marketed as one • The correlation between the level of activity and returns[27:45 - 35:01] The Revolution That Wasn't• Trading used to be expensive, but technological change has democratized finance• The "zero price effect." •  People consume more of something when it is free• The pandemic caused record volatility in the stock market, leading to an increase in trading activity[35:02 - 42:16] The Missed Opportunity• From the bear market low to one year after, 96% of American stocks rose• Stocks that were popular in Robinhood did better than more established stocks• The credibility of older, wiser investors vs. the success of younger, social media-savvy investors • The gamification of investing[42:17 - 52:20] Closing Segment• How to beat Wall Street and participate without playing the game• Technology has lowered the cost of investing, allowing for more market participants• Wall Street can be a place to build wealth over the decades with the right approach.Want to connect with Spencer? Head to his website to learn more about his work!Key Quotes:"What's money for, if not to give you the freedom to do something you really wanna do." - Spencer Jakab"If it's free, it means you are the product." - Brian Adams“The most successful individual investors tend to be those who sit back and let things develop.” - Spencer JakabDownload our FREE Strategizing for Inflation Guide here:

How can cost segregation analysis help real estate investors maximize their returns? In this episode, John Hanning explores the potential benefits of cost recovery studies and depreciation. From bonus depreciation to different recovery periods for real property, personal property, and land improvements, John explains how cost segregation can accelerate tax deductions for real estate owners. He outlines the best time to engage a firm to study an existing or newly constructed property and the typical cost and timeline. Tune in now for expert advice on cost segregation and other money-saving strategies!John is STG's Fixed Assets / Cost Segregation / Accounting Methods Principal. Over the past 15 years as a Fixed Assets specialist, John has been responsible for the business development efforts for fixed asset services, including new client identification, proposals, and client deliverables. He has led and executed cost recovery studies on more than 5000 facilities, including; healthcare, retail, manufacturing, commercial office, multi-family, power generation, and dealerships.[00:01 - 08:32] Opening Segment• John Hanning introduces Specialty Tax Group• The power of depreciation and cost segregation analysis • Cost segregation accelerates allowable tax deductions for the client• Bonus depreciation steps down by 20% each year from 2023-2026[08:33 - 16:20] Is Cost Segregation Worth the Risk?• Exploring the benefits and risks of cost segregation studies• People should continue to do cost segregation studies despite the reduction in benefits• The best practice for timing• Engage with a firm to begin the study on the day of acquisition or at the onset of construction[16:21 - 24:14] Innovative Tax Planning Strategies • Cost segregation studies are not bulletproof, but they follow an audit techniques guide• When cost segregation studies may not make sense• The allocations between real and personal property • It should be determined by an independent appraisal or auditor's website[24:15 - 32:05] Closing Segment• Cost segregation studies can create additional deductions to offset income• The cost of a cost segregation studyWant to connect with John? Follow him on LinkedIn. Visit Specialty Tax Group, and discover innovative tax planning strategies to secure tax credits and deductions!Key Quotes:"We don't create any additional deductions. We just front load the deductions allowable to the client through cost segregation." - John Hanning“You can put anything you want on a tax return; you just have to be able to support it.” - John HanningDownload our FREE guide here: https://www.excelsiorgp.com/guide/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON!

It’s time to make sure you and your family are set up to continue success for generations to come. Today, Josh Kanter shares his journey transitioning from practice as a transactional attorney to reorganizing his family’s activities under a single-family office. He outlines the importance of having an “owner's manual” which captures all necessary information regarding a family's wealth, assets, and legal documents and how it can serve as an educational tool. Josh shares his insights on the evolution of technology and how it helps people manage and store valuable information. Let's dive in!For 20 years, Josh has been responsible for all things family office related for his multi-generational, multi-branch family. He also consults with families on issues around family office design and family governance and education, and he recently launched Leaf Planner, a digital information-sharing platform designed to replicate his family’s “owner’s manual,” a tool to identify blind spots, collect, organize and communicate information to family members and advisors, and to provide a more holistic succession of information.[00:01 - 06:56] Opening Segment• How Josh reorganized his family's activities under the umbrella of a single-family office• Introducing Leaf Planner• A platform designed to replicate the family's "owner's manual"• Holistic wealth management goes beyond just finding an investment manager[06:57 - 13:36] Creating an Owner's Manual for Your Family• The challenge is not so much finding the right people• The idea of an owner's manual• Identifying gaps in planning, and educating the next generation• Excel sheets and Dropbox folders are not enough to truly integrate family wealth information[13:37 - 20:24] Balance Sheets, Alternatives, and More!• Checklists are used to ask families deliberate questions about their wealth• The importance of having a comprehensive roadmap of hard data and financial data• Why the head of household should know how to access cell phones and computer[20:25 - 26:54] Prioritize Your Work in the World•Think about what your family would need to know if you could never talk to them again• Know the right questions to ask and who to bring in for help• The owner's manual helps with the succession of information and transfer of knowledge[26:55 - 35:38] Closing Segment• How technology is transforming succession planning• The value of InformationWant to connect with Josh? Follow him on LinkedIn. Check out his website to detail your family's future!Resources Mentioned:Leaf PlannerKey Quotes:“So the whole technology evolution has really helped families in meaningful ways.” - Josh Kanter“Life is complicated and the older we all get, the more complicated things seem to get.” - Josh KanterDownload our FREE guide here: https://www.excelsiorgp.com/guide/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Are family offices becoming more popular? In this episode, Robert Daugherty dives into the importance of having a functional family office, and the role of the Chief Learning Officer in it. He breaks down the complexities of family offices today – from generational wealth transfer to the need for communication and understanding within families – as well as working with trusted advisors and navigating the blurred line between philanthropy and investing. Tune in to learn more about getting the most out of your own family office venture!Robert C. Daugherty served as the Dean of the Forbes School of Business and Technology and is a Professor of Strategy and Finance. Having served on over two dozen corporate boards, he regularly advises private equity firms, institutional investors, and family offices on mergers and acquisitions, and corporate governance. He writes a regular column for Forbes China on investing and leadership. Key Highlights:[00:01 - 06:21] Opening Segment• How to build a high-performing family office • Metrics for a high-performing family office• The recent trend of proliferation of single-family offices and multi-family offices  • Wealth creation is driven by technology and innovation[06:22 - 12:58] Finding the Right Talent for Your Family Office• Best practices for compensation, hiring, and firing• The importance of having a clear understanding of their purpose and mission • Why the qualitative emotional relationship is a chore characteristic• Family offices are now hiring Chief Learning Officers[12:59 - 19:31] Uncovering the Challenges of Family Offices• How to thrive across generations• Having the right team around you is essential for first-generation wealth creators • Self-awareness is an important skill for successful family offices.• The biggest challenge facing family offices today[19:32 - 25:55] Challenges and Opportunities for Family Offices• Family offices require a different approach than traditional high-net-worth clients• Leadership transition can be difficult for families who haven't done the work early on• Generational wealth transfer is occurring now and can be challenging for families • Communication is critical in successful generational transitions[25:56 - 31:14] Closing Segment• Philanthropy and investing are becoming increasingly blurred • How families deploy capitalWant to connect with Robert? Head to Endowment Assurance to build, grow and preserve wealth!Key Quotes:“The people who are working on the issues of today are not necessarily the right people to be working on the issues of tomorrow.” - Robert Daugherty"Successful family offices require a temperament that is not prone to action."- Robert DaughertyDownload our FREE guide here: https://www.excelsiorgp.com/guide/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In this episode, Cameron Huddleston, an award-winning personal finance journalist, discusses how to have meaningful conversations with your parents about their finances. She emphasizes the importance of having estate planning documents, a power of attorney, and a long-term care plan in place. She also dives into the psychological reasons why parents may be hesitant to talk about money and outlines the importance of introducing children to money from a young age. Tune in to find out what steps need to be taken when planning for your parent’s future! Cameron Huddleston is an award-winning personal finance journalist and author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances. She is the director of education and content at Carefull, the first service built to organize and protect aging adults' daily finances.Key Highlights:[00:01 - 07:29] Opening Segment• Essential tips for having conversations with your parents about their finances • Don't bring up the topic of money during a holiday meal • Start the conversation naturally • Go into the conversation out of love and respect for your parents[07:30 - 14:25] A Checklist for Emergency Planning• Why all adults should have estate planning documents to ensure their wishes are known • What estate planning documents include• Understanding debt, investments, insurance policies, and long-term care plans• How conversations about money should be done over time [14:26 - 22:09] Planning for Long-Term Care• The importance of introducing children to the concept of money • Talk openly with children about estate planning, retirement savings, and guardianship• Scam incidents and dollar amount lost keep increasing year after year• Why parents should plan for long-term care[22:10 - 29:09] Advice for the Sandwich Generation• Parents may not be able to provide care for their elderly parents • Caregiving can be a full-time job and require round-the-clock care• Long-term care insurance can help cover the cost of care• Early communication and planning are essential to have more options available[29:10 - 36:09] Closing Segment• The benefits that assisted living facilities provide• What brings Cameron peace of mindWant to connect with Cameron? Follow her on LinkedIn, and Instagram. Visit her website to learn how to have conversations with your parents about their finances!Resources Mentioned:Mon and Dad, We Need to TalkCarefullKey Quotes:“You have to make your own finances a priority.” - Cameron Huddleston"If you want your wishes known, they have to be in writing." - Cameron HuddlestonDownload our free guide here:

Learn how to amass wealth – the right way, for you. In this episode, Barbara Friedberg, a former portfolio manager and university investments and finance instructor, delves into how Robo-advisors have revolutionized traditional financial advisory services. She explains what Robo-advisors are, how they can benefit investors, and how to get started. She also discloses her personal approach to money management and why understanding your risk tolerance is key for any investor. Join us to learn more about taking advantage of Robo-advisors in wealth management and investing!Key Highlights:[00:01 - 07:27] Opening Segment• Robo-advisors are an umbrella term for technology-enhanced investing platformsProviding individuals with access to low-cost asset management• Hybrid models offer access to both robo and human advisors• How Robo-advisors are used by traditional financial advisors[07:28 - 14:53] Fee Compression in Robo-Advisory Industry• Robo advisors offer investment management at lower fees than traditional financial advisorsThe difference between traditional advisors vs Robo-advisors• The customization options available within the Robo-advisory field• How Robo-advisors provide well-diversified portfolios with low fee drag[14:54 - 22:31] Robo-Advisors for Wealthy Investors• Barbara breaks down some of the best Robo-advisors• Robo-advisors are highly regulated and insuredInvestments are fairly safe• A look at the latest developments in investment technology[22:32 - 30:06] Exploring the Benefits of Robo-Advisors• How Robo-advisors create an investment portfolio with the greatest returns for a specific risk level• Different Robo-advisors use different asset classes• Robo-advisors base their assumptions on how truthful you are on the inputHow they provide better access and education to people[30:07 - 33:23] Closign Segment• Get financial security and balance• Focus on balance in life, not just moneyWant to connect with Barbara? Follow her on LinkedIn and Twitter. Head to Robo-Advisor Pros, a comprehensive + trusted resource for the latest robo and technology-enhanced investing platforms! Resources Mentioned:Barbara Friedberg Personal FinanceKey Quotes:“Nobody knows the future, but you can feel comfortable investing with a robot advisor that you're getting as much protection as you would with most other brokerage companies or with your bank.” - Barbara Friedberg“Wealth can give you a certain amount of financial security, but it won't solve your problems.” - Barbara FriedbergConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

This episode of the Capital Club podcast is your chance to get a behind-the-scenes look at the life and story of Brian. He talks about the challenges he faced along the way, his successes and failures, how networking helped him find his current path, and what he’s learned about business development. He also discusses how he found work/life balance by creating a daily routine that brings peace and joy. This is an inspiring conversation with a real estate investor whose ambition has enabled him to create one of the most successful investment platforms today. Tune in to hear more![00:01 - 06:31] Opening Segment• Brian's journey from a small town to Excelsior Capital An idyllic childhood with his younger brother• Why money was not discussed in the family[06:32 - 12:16] From Aimless to Successful• How Brian’s journey led him to a new life• Brian’s experience graduating in 2009 during the Great Recession• Learning about commercial real estate, private equity, etc.[12:17 - 18:40] Take the Next Step in Investing• Hired a marketing person and controller for the best investor experience• How Brian mapped out the entire investor journey step by step His first real estate deal - a small office building[18:41 - 23:53] Closing Segment• Find peace in your daily routine• How routine helps stay present and focusedConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Take a thoughtful approach to growing your business, hold yourself accountable, and bring opportunities that you never could have found on your own. This episode of the Capital Club features Chris Yount, a battle-tested CEO who took his family business from bankruptcy to record profits. He explains why he believes companies should install a board structure and how it can provide entrepreneurs with access to industry insider connections, broader experience, and accountability. He outlines the differences between boards of directors and boards of advisors as well as how to go about setting up an effective board. Let’s dive in![00:01 - 07:33] Opening Segment• How Chris restructured his family business From bankruptcy to record profits• Chris’s passion for multi-generational businesses by serving as a board advisor• How mistakes and negative experiences can be resources for success[07:34 - 14:41] The Benefits of Having a Board of Advisors• How to find the right people and make the most of their expertise • Think about your biggest weakness and find a board member to fill that gap• The difference between a Board of Directors and a Board of Advisors• Find time for what is important in your life[14:42 - 22:11] How to Onboard Board Members for Maximum Insight• Push yourself with someone who compliments weaknesses• Make sure to have a solid onboarding procedure • Focus on high-level strategy• Why a board packet of reading should be sent ahead of time[22:12 - 29:34] Understanding the Challenges of Shifting Mindset• How term limits and annual evaluations can be used to assess board performance• Mindset shift is necessary for business leaders to admit they don't know everything • Gen 1 entrepreneurs often have difficulty asking for help• How joining YPO and other networking opportunities can help you improve your business[29:35 - 39:04] Closing Segment•  Ask around, look for surveys, and find comparable companies • Determine what is common in terms of board structure• Take advantage of the valuable resources that board members bringWant to connect with Chris? Follow him on LinkedIn, and Twitter. Head to his website, and lay out a winning strategy for your company!Key Quotes:“The people that take the time to learn more challenge themselves, push their thinking, expand their horizons are the ones at the end of the day who end up actually being more productive.” - Chris YountConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

This episode of the Capital Club podcast dives deep into 1031 and 1033 exchanges. Our guests, Camille Renshaw, CEO and co-founder of B+E, and Brad Borden, a professor of law at Brooklyn Law School, provide expert insight into how these sections work and how they may apply in a business environment. They discuss differences between 1031 and 1033 exchanges such as types of property that can be acquired, time periods, use of proceeds, ownership restrictions, and much more. Tune in to learn more about 1031/1033 exchanges and get helpful advice from our knowledgeable guests!Key Highlights:[00:01 - 06:25] Opening SegmentUnderstanding the difference between 1031 & 1033 exchangesTypes of properties that can be acquired are differentCamille’s experience with 1033 in both personal and business sense[06:26 - 12:57] 1031 & 1033 ExchangesThere are secondary markets across the country with industrial property in the middle of downtown1033 exchanges allow property owners to reinvest proceeds from the sale within 2 years1031 exchanges require a 45-day identification period and 180 day exchange periodWhy qualified intermediaries are involved in 1031 exchanges, but not in 1033 exchanges[12:58 - 19:30] Navigating the Complexities of 1031 and 1033 Exchanges Under 1031, the replacement property must be like the relinquished propertyUnder 1033, there is a similar or related in-use standard that is broader than 1031How people are fatigued after going through the condemnation process[19:31 - 25:30] Leveraging Exchange Proceeds for InvestmentOften there are multiple family members involved in 1031/1033 exchangesTech platform allows people to scour the whole market for net lease assetsPeople want something less hands-on and less cumbersome than their previous investment profile[25:31 - 32:07] Exploring 1031 and 1033 ExchangesWhat's allowable, not allowable, and what ownership structuresPrepaid construction services and materials are not considered real propertyHow ownership structures can be divided tax-free with partnerships[32:08 - 39:39] Closing SegmentDistributions of property from S corporations or C corporations will trigger gain recognitionGet expert advice on complex tax issuesIt’s important to have communication between all parties involved in the transactionWant to connect with Brad? Head to his website to learn more about complex property transactions and business restructurings!Want to connect with Camille? Follow her on LinkedIn.Key Quotes:“I definitely encourage you if you are basing a 1033 or 1031 frankly, you won't find any better people than Brad or Camille in the business or industry.” - Brian AdamsConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Whatever digital experience you're creating for your end users, make sure it is as efficient as possible. In this episode, Travis Coley, the Managing Director at Whitepenny, shares his insight on the current talent war taking place and how it is forcing businesses to rethink their branding strategies. He explains how family-owned businesses can remain competitive and attract top talent, as well as why digital marketing is essential for creating a unified customer experience across multiple channels. Tune in now to learn more about what you need to create the best digital experiences!Leaning on two decades of strategic planning and corporate finance experience, Travis helps advise clients through the lens of gaining a strategic advantage, growth, capital investment, and brand as an asset. He partners with clients to define brand strategy and establish a differentiated market position.[00:01 - 11:45] Opening SegmentFamily-owned and multi-gen businesses need to rethink their brand strategyFocusing on both external and internal audiencesBusinesses and business leaders need to become content creators The wealth transfer and leadership transition from Gen X to millennialsHow to create a website that goes beyond a digital catalog[11:46 - 24:14] Understanding Digital Strategies to Drive OutcomesHow to leverage technology, branding, and marketing for successFocus on creating digital experiences for end usersModes of building relationships have changedQuestions to ask when vetting a digital vendor/partnerLeveraging family businesses' stories into the digital atmosphere [24:15 - 34:27] Closing SegmentBest practices for auditing, iterating, and AB testing digital experiencesConsumers don't want choice, they want confidence in making the right choiceRemoving unnecessary activity or hops from the customer journey is keyWant to connect with Travis? Email him at tcoley@whitepenny.com, or follow him on LinkedIn!Resources Mentioned:The War on ClunkKey Quotes:“You have to work just as hard now, and be just as effective at branding yourself internally to continue to retain your best talent.” - Travis Coley“Branding is really about creating a differentiating position in the marketplace.” - Travis ColeyConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Do you believe in the power of introductions and creating significant relationships? In this episode, Justin Breen and Mark Fujiwara, the co-founders of the exclusive connectivity platform BrEpic Network, delve into how to build global networks and meaningful connections to develop extraordinary companies. They touch on the concepts that rule their lives and the importance of treating partnerships as an investment. Tune in and start your journey to your epic life![00:01 - 10:01] Opening SegmentWhy Justin & Mark decided to write a bookThe importance of creating real valueTreating partnerships as an investment How the right networks lead to success[10:02 - 20:47] What True Entrepreneurs Care AboutThe patterns of successful entrepreneurshipTrue knowledge is knowing where to look something upFind a partner with a complimentary skillsetFocus on what you are really good at[20:48 - 33:35] Everything is PossibleIntroducing the manifestation conceptWhy Justin & Mark’s goal is to change the way things are doneWhat the process is the shortcut meansThe more shortcuts, the better outcomes[33:36 - 43:00] Closing SegmentThe 2 Japanese concepts of entrepreneurship & growthHigh achievers don't like mediocre peopleA daily practice that brings Justin & Mark peace in their lifeConnect with Justin on LinkedIn. Head to BrEpic to access exclusive resources!Key Quotes:“We only partner with visionaries who live in abundance and who look at things as investments, not costs.” - Justin Breen“The right mindset attracts the right network and creates the right opportunities.” -  Justin Breen“It's not only being present but appreciation for the uniqueness of the moment.” -  Mark FujiwaraConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Have you explored the global population crisis and its impact on economic growth? In this episode, Brian dives into the worrying trend of depopulation and its far-reaching implications. He discusses how this could lead to slower economic growth or even contraction in some countries due to decreased labor forces, fewer healthcare workers, an inability for social programs, and much more. Let’s dive in![00:01 - 05:12] Opening SegmentExploring the impact of depopulationThe final installment of the Killer D seriesHow depopulation is becoming top of mind for many countriesBaby boomer population hitting retirement ageThe opportunity for historically underrepresented groups to enter the workforce[05:13 - 09:54] Shrinking Populations and the Impact on GDPCountries that have shrinking populationsThe Statistics of China's populationUS working-age population has been stagnant for 15 yearsHuge challenge to have enough healthcare workers[09:55 - 13:18] Closing SegmentDeclining fertility rates are hard to reverseTo maintain quality of life, GDP per capita needs to move forwardKey Quotes:“We need to continue to move forward in order to drive economic growth.” - Brian AdamsConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

In this episode, Brian welcomes Jason Ma, award-winning Chief Mentor of Next-Gen Leaders and advisor to high-net-worth families and CEOs. Jason talks about how he helps individuals to not only maximize their life-stage goal achievements, but also build greater character and strengthen relationships, via trusted third-party top-notch mentorship. He explains the massive wealth transfer that is occurring from baby boomers to Gen X, Millennials, Gen Zs, and charities, and notes that many younger Next Gens view money as a burden or are unprepared.He suggests that those receiving the wealth focus on creating meaningful connections and contributing to causes they care about but with wisdom and sound family values, and not simply on accumulating wealth. Additionally, he highlights the importance of intellectual humility for success and emphasizes philanthropy as an important factor in connecting with others. Jason then provides practical advice on how to help families and CEOs build a stronger foundation and achieve greater outcomes and happiness.[00:01 - 14:22] Boomer Generation Challenges: Connectivity, Relationships, and Peace of MindPeace of mind and relationships are what patriarchs and matriarchs look for at the end of the dayHappiness comes from a sense of connection, contribution, and personal growthCoachability as a critical success factor in life, business, family, and careerBiggest challenges facing boomers: peace of mind, relationships (with their children), certainty, significance[14:23 - 28:13] Navigating the Wealth Transfer: Exploring the Impact of Boomers, Gen Xers, Millennials, and Gen ZsJason's invention of ThreeEQ (“3EQ” - pragmatic emotional, social, and leadership intelligence)Various Gen Xers rose to be pragmatic captains of their companies and industries and don't see much attentionThe negative stereotypes associated with millennials in the mediaSoft skills are foundationally more important than hard skills over the long haulHigh anxiety and stress caused by addictive digital distractions are a challenge for current high school and college students[28:14 - 36:46] Gaining Leadership in the Next Generation: Advice from 20,000+ Hours of Successful Coaching and ResearchHigh-quality preparation with top-notch guidance is key to success in elite college admissions and beyondCollege planning, application, and admissions should be thought of as part of a long-term plan, not just a four-year processAdvice for engendering leadership: develop strong personal operating systems and employable skills, and coach and groom children with third-party top-notch mentorship early on for greater life-cycle impact and benefits[36:47 - 42:37] Closing SegmentQuotes:“Build a stronger (mindset, skill set, and directional) foundation. It's gonna set the stage for you to raise your happiness and rise up (in career and business) faster than most people.” - Jason Ma“What's between stimuli and response is a space. The space is where you could (hone and act from your mindset, skills, strategies, vision, and) get greater outcomes, peace, and joy.” - Jason Ma"Don't just see the trees in front of you. See the (complex, consequential) forest for (beyond) the trees.” - Jason MaConnect with Jason by visiting www.ThreeEQ.com.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Today we welcome back Nike Anani to the podcast. She is a Speaker, Author, and Legacy Planning Consultant for family firms. She is a co-founder of African Family Firms, a non-profit community of family businesses. In this episode, Nike talks about the current political state of Africa and how this affects African families and businesses.If you haven't already heard her first episode with us, go back and give episode #66 a listen![00:01 - 14:16] Opening SegmentThe obstacles along the way when writing Lifetime to LegacyThe difference between how American families think about legacy versus an African familyThe external factors in terms of political dynamism and challenges [14:17 - 25:45] Next Gens and Gender IdentityNike talks about the difference between next gens in AfricaThe massive diaspora within Europe and AmericaThe common characteristics of generational transition Overcoming the aversion to speaking about death The state of gender identity amongst African families[25:46 - 37:54] African Family OfficesThe things that keep Nike’s clients up at nightTransitioning to non-family member operators for the first timeHorses for courses in familiesThe biggest misunderstanding that people have about African family companies The Nelson Mandela University[37:55 - 39:41] Closing SegmentConnect with Nike by visiting www.NikeAnani.com.Listen to episode #66 here.Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

This episode features an inspiring conversation with Celine Fitzgerald, a next-generation leader from a long line of successful bankers. Celine shares her story of being in a leadership role at the age of 21, and how she learned to appreciate and understand the scope and breadth of her family's wealth. Celine also discusses learning to navigate the process of setting up a prenuptial agreement, her sister's involvement in the NextGen cohort, and the importance of having meaningful money conversations with her partner or family. Additionally, she talks about interning with the Loyola Family Business Center to gain knowledge on various topics related to wealth management and connecting with peers in similar situations. This episode is essential for anyone wanting to learn more about succession planning, financial literacy, trust, lawyers involved in managing assets, and more. Celine is the next-gen leader. She is G3 and from a long line of successful bankers. While finance is not her forte she is forging her path in the philanthropic space. [00:01 - 06:42] Opening SegmentCeline Fitzgerald is a NextGen leader and G3 in a long line of successful bankersAt the time, her father and his four siblings all went their own way, without setting up a multi-family officeCeline plans to have a different conversation with her children about money than her father had with her[07:17 - 13:47] Navigating the Family Office World: Lessons Learned by a MillennialUnderstood the value of a dollar and responsible tools to handle wealthHow Celine learned about trust, lawyers, and navigating assetsHow Celine learned about succession planning, governance, next-gen education, financial literacyConnecting with peers is key to success in the family office world[13:48 - 32:03] Navigating Pre-Nuptial Agreements and Financial Discussions with a Millennial: A Journey of Learning and GrowthStart education earlier and use the right words when discussing family assetsChoke points have been understanding roles and building reportingPhilanthropy is a pillar of the single-family office, which dad is letting daughter manageWorking on migrating to a multi-family office to pass the "hit by the bus test"Women are sometimes assumed to be less intelligent in meetingsConversations about philanthropy [32:03 - 33:15] Closing SegmentConnect with Celine through the links belowConnect with Celine:LinkedIn: https://www.linkedin.com/in/celine-fitzgerald-3603a18/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

Before starting The Company of Dads in 2021, Paul Sullivan was a journalist for 25 years, the last 13 at The New York Times where he wrote the Wealth Matters column and oversaw several special sections. He is the author of two books Clutch: Why Some People Excel Under Pressure and Others Don’t and The Thin Green Line: The Money Secrets of The Super Wealthy.In this episode, Paul Sullivan, journalist, and author talks about his 600 columns over 25 years writing for the New York Times, his most recent book The Thin Green Line: The Money Secrets of the Super Wealthy, and how Covid-19 has changed his career path. Through his columns, Paul was able to gain insight into the world of wealthy people which led him to write The Thin Green Line. He discusses the differences between being wealthy and being merely rich, whether or not another washout period is coming and how fathers who are the go-to parent in their families can lack a sense of community and support. This conversation also explores Paul's experience of reconnecting with old friends due to the Covid-19 lockdown, creating an intentional community for friendship, especially in the later stages of life and his evening ritual for winding down from the day. He encourages listeners to check out The Company of Dads to learn more about fatherhood questions and connect with other fathers globally. Tune into this episode to hear from Paul Sullivan on all things money secrets of the super-wealthy![00:01 - 11:12] Paul Sullivan: From New York Times Columnist to Author of "The Thin Green Line"Paul’s book "The Thin Green Line" is about the money secrets of the super wealthyPaul's work was more anthropological than personal financeThe framework of the book is based on the four things you can do with moneyHow Covid led to the creation of the Company of Dads[11:13 - 23:36] Navigating the Challenges of Fatherhood in the Covid EraThe Company of Dads is a multi-pronged approach to normalize the lead dad experienceIt includes media content, a podcast, a newsletter, a private community, etc.Loneliness is a real problem for 45-55-year-old menThe long-term vision for the organization is to be the go-to site for all fatherhood questionsCompany of Dads has an overarching community with a franchise model for different communities and towns[23:36 - 32:48] Exploring the Changing Role of Fatherhood40 to 45 million men in America are either full-time at-home dads or have wives who outearn themMen are carving out a space for themselves to explore and be open and vulnerable with their feelingsMen look for entry points into conversations, like golf, to connect with others[32:49 - 35:26] Closing SegmentQuotes:"Most personal finance books are like diets. They tell you what not to do and you can sustain it through January and February and then by March you're back you know binge eating chocolate rice Krispies at midnight." - Paul Sullivan“It is really hard to get the capital. Once you've succeeded and that business is humming along, any bank will lend you.“ - Paul SullivanConnect with Paul by visiting www.TheCompanyOfDads.com, or email him at paul@thecompanyofdads.com. Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!