• Episode 172: The Wealth Game: From Police Officer to Wealth Advisor
    Sep 18 2024
    Freddie Rappina is a Financial Advisor and a Chartered Financial Consultant as well as an Accredited Investment Fiduciary™ who founded Opta Financial. Freddie helps clients examine their current financial situation, financial goals, completes a financial analysis, provides recommendations, implements and reviews plans for clients. In addition to experience in the financial services industry, Freddie also has experience in law enforcement and is retired from The Fairfax County Police Department in Virginia. Freddie is originally from Long Island, New York and enjoys coaching baseball. Listen to this insightful RIA episode with Freddie Rappina about his transition from police officer to wealth advisor. Here is what to expect on this week’s show: - How Opta Financial aims to bring advanced wealth-building strategies to the middle class. - Why it’s important to transition from middle-class financial strategies to wealth-building ones. - How the biggest differentiator between middle-class financial strategies and wealth-building strategies is the attitude towards debt. - How Opta Financial also caters to clients who want to further advance their wealth through strategic investments. - How compound interest is oversold to the middle class as a primary wealth-building tool. Connect with Freddie: Links Mentioned: playingthewealthgame.com optafinancial.com Facebook facebook.com/OptaFinancial LinkedIn linkedin.com/company/opta-financial Learn more about your ad choices. Visit megaphone.fm/adchoices
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    17 mins
  • Episode 171: Creating a Better Client Experience with Independent RIAs
    Sep 11 2024
    Lisa Hutter is a Partner and Client Advisor with IronOak Wealth, serving clients all over the country with offices in Austin, TX. Lisa works with active and retired business owners, multi-generational families and those going through transition (earning capabilities, divorce, inheritance). She welcomes those seeking a change in their financial advisor or who have never worked with an advisor. Lisa’s approach is different than most in how she supports her clients and learns about their passions, fears, dreams and principles to help ensure they are reflected in their financial pursuits. By looking at all of the pieces together she is able to uncover opportunities to make the lives of each client easier and their legacies stronger. As a result, Lisa has often been described as a financial coach and even a consigliere. Lisa works side by side with her clients to create a financial plan. This plan acts as a north star and informs the customized approach she takes to managing investments and determining where and how insurance and annuities have a place in helping her clients attain their goals. She also offers fee based only financial planners for clients who manage their own investments or don’t have liquid investments needing a professional money manager. In addition, she can provide trustee services and fractional family office services. Listen to this insightful RIA episode with Lisa Hutter about creating a better client experience with independent RIAs. Here is what to expect on this week’s show: - How creating deep relationships with your clients is an important part of comprehensive financial planning. - Why having in depth conversations is vital and allows financial planners to focus more on their clients goals and less on investment performance. - How providing excellent customer service leads to getting more clients through referrals. - How being an independent RIA allows you to freedom to work with any client and to provide tailored financial planning without extra fees. - How the ability to offer unique and creative investment strategies differentiates IronOak Wealth from other firms. Connect with Lisa: Links Mentioned: ironoakwealth.com lisa@ironoakwealth.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    17 mins
  • Episode 170: Ken Fisher’s Mentorship and Investing Insights
    Sep 4 2024
    Michael Cannivet, CFA, is the founder, president, and chief investment officer of Silverlight Asset Management, LLC, an RIA based in Newport Beach, California, that serves high-net-worth private clients. Mr. Cannivet has been a Forbes contributor since 2017 and Forbes Books recently published his latest book, The Four Minute Retirement Plan: Preserve Your Past, Secure Your Future, Live For Today. The book debuted as the #1 new release for the money management category and is endorsed by several top industry practitioners, including Ken Fisher, Joel Greenblatt, Keith McCullough, and Vincent Deluard. Listen to this insightful RIA episode with Michael Cannivet about investing insights. Here is what to expect on this week’s show: - How it’s important to invest by focusing on supply and demand dynamics and investor psychology. - Why active investing and a tailored, original approach is the key to outperforming market prices. - How Silver Light Asset Management crafts personalized narratives that align with their client’s core values and life goals - How there are four essential components to retirement planning: savings, investing, lifestyle, and legacy. - Why risk management is the cornerstone of successful investing, especially during volatile market conditions. Connect with Michael: Links Mentioned: silverlight.us Learn more about your ad choices. Visit megaphone.fm/adchoices
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    17 mins
  • Episode 169: Decoding Financial Blindspots
    Aug 28 2024
    Eric B. Watchorn, the visionary founder of Watchorn Risk & Wealth Management Corp., is renowned for his expertise in achieving absolute returns on the NASDAQ, NYSE, and LSE. He skillfully integrates a deep understanding of human nature with risk management to enhance wealth-management strategies. Eric offers practical investment and insurance advisory services, guiding clients toward financial success. Based in Victoria, BC, he balances his professional life with personal interests like scuba diving and yoga, embodying a holistic approach to success. Listen to this insightful RIA episode with Eric Watchorn about decoding financial blindspots. Here is what to expect on this week’s show: - How Watchorn Risk & Wealth Management serves professionals and small to mid-sized business owners. - Why using referrals to attract new clients allows you to leverage your network and reputation. - How many people are concerned about market timing and investment safety given the prolonged bull market. - Why Financial Blindspots aims to illuminate common overlooked aspects of personal finance and investment - How helping people create safe, progressive financial strategies without significant risks is highly rewarding. Connect with Eric: Links Mentioned: wrwmcorp.com Facebook facebook.com/watchornriskandwealth LinkedIn linkedin.com/in/eric-b-watchorn-77136937 Learn more about your ad choices. Visit megaphone.fm/adchoices
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    11 mins
  • Episode 168: Investing in Success
    Aug 21 2024
    Joseph (“Joe”) DaGrosa, Jr., is the Chairman and CEO of Axxes Capital. Mr. DaGrosa has over 30 years of experience in successfully investing in multiple industries including sports & entertainment, retail, food & beverage, insurance, real estate, hospitality, healthcare, and aviation. Mr. DaGrosa also serves as Chairman of private equity firm, DaGrosa Capital Partners LLC, a Miami-based private equity firm focused on making control and influential minority investments in exceptional companies located throughout the United States, Western Europe and Latin America. In 2019, Mr. DaGrosa co-founded and served as Co-Chairman of Quinn Residences, a $900 million real estate investment trust focused on the acquisition and development of single-family home rentals in prime rental-growth markets throughout the United States. Quinn Residences is now one of the fastest-growing companies in the single-family home rental market. Mr. DaGrosa also served as Chairman of GACP Sports LLC, which acquired F.C. Girondins de Bordeaux, a first-division French soccer team as well as Soccerex Ltd, the world’s largest B2B convention business for the global football industry. Previously, Mr. DaGrosa was Co-Founder and Senior Partner at 1848 Capital Partners LLC (“1848”), where he was responsible for all aspects of the firm’s private equity investments. In 2003, Mr. DaGrosa and his partners formed Heartland Food Corp. (“Heartland”), an acquisition vehicle that acquired 248 Burger King franchises out of bankruptcy, and successfully co-led the turnaround and sale of Heartland to GSO Capital (now part of Blackstone). In 2008, Mr. DaGrosa co-led the acquisition of Jet Support Services Inc. (“JSSI”), the world’s largest independent provider of warranty and insurance programs for the maintenance of private jets. Mr. DaGrosa served as Vice-Chairman and Co-Chief Investment Officer of JSSI until the sale of the company in 2020 to GTCR. Prior to 1848, Mr. DaGrosa was a Partner at Maplewood Partners LP, a Miami-based private equity firm, where he served as Co-Head of Transactions and Chief Administrative Partner. Mr. DaGrosa began his career in 1986 at Paine Webber, Inc. in the firm’s Management Audit and Controls Program and from 1988 to 1996 worked as a financial advisor in the firm’s Special Accounts Group. Mr. DaGrosa currently serves on the board of directors for Hoy Health LLC, Soccerex LLC, and Brazil Tower Company LP, and previously served on the board of Global Crossing Airlines Group Inc., Eastern Airlines Group Inc., and SMobile Systems, Inc. He also serves on the board of Camillus House, a non-profit organization focused on meeting the needs of Miami’s homeless citizens. Listen to this insightful RIA episode with Joseph DaGrosa about investing in success. Here is what to expect on this week’s show: - How interval funds eliminate the need for complex subscription documents, enhancing investor accessibility. - Why it’s important to have a strong back office and compliance framework when managing complex investment funds. - How private investments are a transformative tool for retail investors. - Why democratizing access to investment opportunities makes it so everyone can invest in opportunities that were traditionally available only to the wealthiest people. - How interval funds have advantages over direct commitments to private equity funds, including immediate capital deployment and reduced fee structures. Connect with Joseph: Links Mentioned: dagrosacp.com LinkedIn linkedin.com/company/dagrosa-capital-partners Learn more about your ad choices. Visit megaphone.fm/adchoices
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    25 mins
  • Episode 167: Unlocking the Secrets of Tax-Advantaged Self Storage
    Aug 14 2024
    Guy Varble is an accomplished real estate investor with a diverse portfolio that includes self-storage, single-family and multifamily rentals, residential flips and commercial properties. His career is marked by the successful management and transaction of over 10,000 units, totaling upwards of $220 million. Varble’s expertise includes ground-up self-storage developments, transforming big box stores into self- storage facilities and acquiring and optimizing existing properties. Varble’s journey in entrepreneurship began prior to his academic pursuits. He is an alumnus of Westmont College, where he began shaping his business insights. This foundation was further strengthened by an MBA from Pepperdine University’s Graziadio Business School. His tenure at Procter & Gamble was instrumental in developing his skills in the realm of large-scale operations and budget management, successfully contributing to projects with budgets in excess of $180 million. Before venturing into real estate, Varble was a Commercial Lender in California. Currently based in Iowa, he skillfully balances a thriving career with a fulfilling family life. Married since 1998 and a father to three, Varble’s professional philosophy integrates the use of innovative technology in real estate with a solid grounding in corporate strategy, underpinned by a commitment to family values. Listen to this insightful RIA episode with Guy Varble about unlocking the secrets of tax-advantaged self storage. Here is what to expect on this week’s show: - How tax-advantaged self-storage involves cost segregation and accelerated depreciation models. - How these models allocate depreciation to investors, providing significant tax benefits. - Why investing through self-directed IRAs or Roth 401(k)s doesn’t have the extra tax advantages. - How self-storage is considered a risk-mitigated asset class, thriving in both good and bad economic times. - How self-storage is a basic, essential asset class, meeting diverse needs across different regions. Connect with Guy: Links Mentioned: impactselfstorage.com X @ImpactStorage Instagram @impactselfstorage Facebook facebook.com/ImpactSelfStorage LinkedIn linkedin.com/in/guy-varble-6522832 Learn more about your ad choices. Visit megaphone.fm/adchoices
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    18 mins
  • Episode 166: Revolutionizing Financial Planning
    Aug 7 2024
    Connor Sung helps eMoney clients build more successful practices and deepen client relationships. He leads an exceptional team of financial professionals who help clients transform their technology platform and financial planning processes to increase efficiency, drive growth, and create planning-led user experiences. He oversees eMoney's financial wellness strategy, as well as internal and external financial education programs aimed at providing financial peace of mind for all. Connor has held various roles at eMoney since joining in 2013, contributing to more than 10 years of technology, practice management, and planning experience. He co-hosts eMoney's Heart of Advice Podcast, which helps financial advisors elevate their financial planning processes and strengthen client relationships. Connor earned a bachelor’s degree from James Madison University and earned his CFP® designation in 2016. Connor loves spending time with his family, and friends in Philadelphia and enjoys staying active by golfing, snowboarding, playing hockey, and playing with his goldendoodle, Nala. Listen to this insightful RIA episode with Connor Sung about revolutionizing financial planning. Here is what to expect on this week’s show: - How eMoney differentiates itself with a strong focus on client services and practice management support. - Why eMoney promotes a macro view in financial planning. - How eMoney continually innovates and evolves its platform to remain a leader in financial planning technology. - Why more advisors should explore eMoney’s Decision Center and Client Portal. - How identifying growth opportunities and building efficiencies translates into meaningful outcomes for adivors and their clients. Connect with Connor: Links Mentioned: emoneyadvisor.com X @eMoneyAdvisor Facebook facebook.com/eMoneyAdvisor LinkedIn linkedin.com/company/emoney-advisor Learn more about your ad choices. Visit megaphone.fm/adchoices
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    17 mins
  • Episode 165: Behind the Numbers: The Transition from Accounting to Financial Planning
    Jul 31 2024
    Jim Hendricks has dedicated his entire career to the realm of finance. He embarked on this path after earning a bachelor’s degree in accounting from Northern Illinois University in 1994. Although he initially trained as a Certified Public Accountant (CPA) and worked in various financial roles including as a controller for a division of a large corporation, Jim realized early on that a traditional accounting career was not his ultimate calling. In pursuit of a more fulfilling career, Jim ventured into the financial advisory sector in 2002, joining a prominent "Wall Street" firm. Disenchanted by the high-pressure environment focused on generating commissions and the formal corporate culture, Jim decided to strike out on his own. In 2004, he founded what is today known as Hendricks Wealth and Estate Management. His decision to start his own firm marked the most pivotal move of his professional life, establishing a business intended to endure for decades. Outside of his professional life, Jim is a father to three children, with one currently in college and the other two in high school. While they are each forging their unique paths to success, Jim holds a hopeful outlook that they might one day join the family business. However, he respects their journeys, acknowledging that they may not follow his recommended trajectory. Jim's philosophy extends beyond his professional endeavors; he is committed to living an engaging life and insists on infusing fun into every day. Whether it's through creative pursuits, swimming, golf, playing drums, or inventing games, Jim finds joy in active and creative engagements. Since childhood, he has enjoyed transforming everyday activities into games, a strategy that has served him well in setting and achieving goals. This approach not only enriches his personal life but also informs his professional interactions, offering his clients a dynamic pathway toward financial stability. A self-described highly motivated individual, Jim has a compelling story about what drove his intense self-motivation—a narrative he shares enthusiastically when given the opportunity. Listen to this insightful RIA episode with Jim Hendricks about the transition from accounting to financial planning. Here is what to expect on this week’s show: - How Hendricks Wealth and Estate Management differentiates itself through focusing on detailed, planning-oriented financial advice. - Why Hendricks Wealth and Estate Management focuses on calculating a precise spending number instead of using generic percentage-based estimates. - How retirement planning should have tailored strategies to meet everyone’s needs. - Why the strategic allocation of assets among beneficiaries helps minimize tax liabilities and optimize estate value. - How Hendricks Wealth and Estate Management operates similarly to a multifamily office, providing comprehensive services under one roof. Connect with Jim: Links Mentioned: jghfs.com Facebook facebook.com/hendrickswealth LinkedIn linkedin.com/company/hendrickswealth Learn more about your ad choices. Visit megaphone.fm/adchoices
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    14 mins