Wealth Actually
Covering the issues that affect business, entrepreneurship, wealth, trusteeship and culture.
Episodes
April 13, 2024 • 23 mins
The transition of wealth between generations has put the spotlight squarely on fiduciary roles. With the rapid changes in the financial services space, directed trustees and independent administrative trust companies have exploded in popularity.
The Evolving World of Directed Trustees
Most advisors, wealth management firms, and clients under-appreciate the responsibility and risks of proper trusteeship.
They remember a c...
Mark as Played
March 19, 2024 • 41 mins
Dr. RICHARD HAASS takes us on a tour of The World's Hot Spots. We also discuss the U.S. in 2024 and the concept of citizen ship.
Mark as Played
March 10, 2024 • 36 mins
Episode 151 - MARK HOUSE
Cryopreservation and wealth was once the purview of science fiction and Hollywood. Freezing one's self to be revived in the future is not just something out of Issac Asimov book or a Ridley Scott movie. The science, estate planning, and economics of this "call option on immortality" are here right now.
There are legitimate and current issues with cryopreservation and wealth- fascinating ones at that...
Mark as Played
March 5, 2024 • 37 mins
Episode 150 DAVID LESPERANCE AND MELVIN WARSHAW
In this 150th Episode, we revisit the topic of citizenship and expatriation and try to answer the question, "Should I expatriate?."
Establishing a life outside the friendly confines of the United States is a popular wealth conversation.. In the last few years, fueled by local dissatisfaction, political polarization, wealth divide animosity and positive "working abroad" experien...
Mark as Played
February 20, 2024 • 20 mins
Episode 148: Aon's Latanya Simmons
Aon's LaTanya Simmons on Florida and California Property Insurance
The challenging Florida and California property insurance environment is a huge topic of conversation. Anyone looking to insure a property knows that this has become tricky business in the last five years. Floods, hurricanes, wildfires and mold have are major problems for successful families' homes. These and other condit...
Mark as Played
January 25, 2024 • 30 mins
EP-148
LALIT PANDA on Optimizing Supply Chains in a Chaotic World and the Steps to Protect and Improve Company Operations
Defining the term "supply chain" and understanding what a company should control and what to outsource has never been more important to a business. Optimizing supply chains in a chaotic world is a huge challenge. Strategists at the executive and board level face:
Major global flare ups that threaten in...
Mark as Played
January 18, 2024 • 26 mins
Episode 147
DAVID WASSERMAN of the COOK POLITICAL REPORT on Analyzing the Crazy 2024 Elections
How should we be analyzing the crazy 2024 elections? Coming off of the Iowa Caucuses and with almost a week before the New Hampshire Primary, the United States is in full swing for one of the zaniest election cycles in memory.
With histrionics coming from both sides, it's hard to separate the signal from the noise. The stakes f...
Mark as Played
January 10, 2024 • 25 mins
Episode 146 - Roles and Responsibilities in Trust and Estate Documents with Jenny Rozelle
What if you are named in a will or a trust?
In the world of estate planning, many people who are written into important roles don't know they are mentioned in documents or what is expected of them. These roles can be a lot of work, thankless and carry significant liability.
What happens if you are part of someone's estate plan? What ...
Mark as Played
November 28, 2023 • 45 mins
The municipal bond market has been long-prized as a stable, tax advantaged income generator for individuals,
After years of a low interest rate environment, the asset class is getting renewed attention . . . And it’s not just from investors! Tech disruptors are eyeing the space and they see a massive, disjointed uncoordinated market in need of modernization.
I spoke with STEPHEN WINTERSTEIN on the state of the municipal bond ...
Mark as Played
The CORPORATE TRANSPARENCY ACT is less than a month away from going live and the wealth management industry doesn't seem to be too worried about it. That worries me because it affects at least 32 million entities according to FinCen- including most small businesses in this country. States like New York may be enacting laws to mirror the disclosure requirements at the state level. Non-compliance is expensive and could lead to jai...
Mark as Played
October 26, 2023 • 18 mins
While all families in the U.S. should have an estate plan, a comprehensive plan is particularly important when your family ties and assets span more than one country.
Estate planning can be a challenging task for anyone, but add multiple citizenships and foreign assets into the mix, and it can become formidable. That said, failing to have a plan in place can leave your family at risk.
To help us navigate these issues, we ...
Mark as Played
JARED DILLIAN is one of the authentic unfiltered voices in finance and trading. He is also a true polymath.
His newsletters include The Daily Dirtnap, a daily market newsletter for investment professionals, and We’re Gonna Get Those Bastards, which is about everything “depraved”, especially finance, culture, music and sex.
He has a new book coming out in early 2024 called “No Worries” which brings his unique perspective to ...
Mark as Played
September 12, 2023 • 29 mins
https://open.spotify.com/show/51hVAo0WB8Lp1ECeyCWZhC
"September 29, 1913: the steamship Dresden is halfway between Belgium and England. On board is one of the most famous men in the world, Rudolf Diesel, whose new internal combustion engine is on the verge of revolutionizing global industry forever. But Diesel never arrives at his destination. He vanishes during the night and headlines around the world wonder if it was an accid...
Mark as Played
August 31, 2023 • 39 mins
Philanthropy is one of the most important tools for families to strengthen their communities, establish their legacy and communicate their values - both inwardly and outwardly. What happens when the organizations that receive family resources don't fulfill the donor's intent? What if the charities mean well, but aren't effective? What if the charities use the resources for something else entirely? Well, these issues came up in ...
Mark as Played
August 24, 2023 • 41 mins
This episode is a little different. I'm going to talk about the importance of balance and health. This time I'm the example. I'm hitting the half century mark this year. After 3 years of COVID disrepair and neglect, I knew I needed a change. In this episode, I'm going to describe those changes and what it's done for me.
I'll also be commenting on the significant gap between health, fitness and the wealth management industri...
Mark as Played
August 13, 2023 • 55 mins
"Venture Capital" is a small subset of private equity surrounded in mystique and fable. In reality, the world of start-ups is filled with the highs and lows of hard work, loneliness, crushing disappointment and, sometimes, unbelievable success. The bold founders usually have a vision to disrupt the status quo and build a new world around that idea. The VC community is a unique culture that understands the founders' motivations. It...
Mark as Played
August 2, 2023 • 32 mins
Real Estate investing is seen as the holy grail of passive income and wealth independence. One of the popular facets of real estate investing is the tax advantage that much of the IRS code provides to the owner/operator. High on the list of cocktail party chatter topics is the concept of COST SEGREGATION. It is a way to deconstruct the components of real estate developments, depreciate them faster than the normal life of a building...
Mark as Played
July 14, 2023 • 52 mins
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 S...
Mark as Played
July 4, 2023 • 39 mins
"Behavioral Finance" is all the rage.
BeFi (as the not-so-cool kids in the financial world call it) is the next phase in guiding individuals, teams, boards, companies, and leaders to better decision-making.
There is plenty of material telling us where people get it wrong. Even the best brains get deceived by a litany of behavioral biases. These biases cause people to fall off the track of economic rationality. However, even ...
Mark as Played
June 13, 2023 • 45 mins
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 th...
Mark as Played
Popular Podcasts
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
If you can never get enough true crime... Congratulations, you’ve found your people.
A straightforward look at the day's top news in 20 minutes. Powered by ABC News. Hosted by Brad Mielke.