The Truth About Wealth: Recent Episodes
John Parise and Michael Parise
Being a successful CFO starts with asking yourself questions that will give your family a better life now and for generations to come. In this podcast, financial professionals John and Michael, from Copper Beech Financial Group, guide you through eye-opening questions to help you discover the truth about your wealth.
What happens when a traditional financial system collides with a new era of digital assets and investors are still trying to figure out where they fit?
In this episode, we are joined by Jake Claver, Principal of Digital Ascension Group, to unpack how digital assets are reshaping investing, financial infrastructure, and long-term wealth strategy.
Jake breaks down how crypto evolved from a speculative idea into an emerging institutional asset class, and why the real shift isn’t just about coins but about how money, settlement, and ownership itself are being rebuilt.
Listeners will learn how blockchain technology is moving beyond speculation into real-world financial infrastructure, why institutional adoption is accelerating, and how families and investors can think about crypto within a broader portfolio strategy.
The conversation also explores custody, regulation, risk, and opportunity, plus how digital assets may integrate into everything from payments to global markets over the next decade.
What you’ll take away:
- How blockchain works as a distributed ledger for financial systems
- Why Bitcoin is increasingly viewed as “digital gold”
- How crypto enables faster, lower-cost global transactions
- Why institutional adoption is accelerating across major banks
- How tokenization could transform real estate and markets
- How families are approaching crypto allocation and risk
- Why custody and security are critical in digital asset investing
- How financial systems are moving toward real-time settlement
- Why digital assets are being integrated into long-term portfolio strategy
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Connect with Jake Claver:
- LinkedIn: Jake Claver
- Digital Ascension Group
About Our Guest:
Jake Claver works at the intersection of family office wealth management and digital assets—a space that’s still unusual, and exactly where he’s built his expertise.
He is Chairman of Digital Ascension Group, a multi-family office serving high and ultra-high net worth clients, and founded Digital Wealth Partners, a standalone wealth advisory practice. He also leads the SPV investment management platform at Syndicately. Across all three, the focus is consistent: helping families navigate blockchain, tokenisation, and digital assets before those decisions are forced on them.
On the credentials side, he holds a Certified Qualified Family Office Professional designation and an R3 Corda Certified Business Professional certification in tokenisation—specialised qualifications that are still rare in this space. He has also built education programs for family office and digital asset professionals to address a gap he repeatedly encountered in the market. He studied finance at the University of North Texas.
Markets aren’t just about stocks and bonds anymore; they’re about access, structure, and who you’re investing alongside.
In this episode, Michael Parise sits down with Jeff Coury II and Tom Deutsch of The Coury Firm to unpack how high-net-worth families are navigating public and private markets, and why traditional portfolio strategies may no longer be enough.
They share how their multi-family office approach evolved from business advisory into full-scale asset management, as well as why alternative investments are playing a bigger role than ever.
Listen in to learn how families transition after a liquidity event, why private markets can offer stronger long-term opportunities, and how The Coury Firm built its P.I. Gateway platform to solve access, diversification, and administrative challenges in alternative investing.
What you’ll take away:
- How multi-family offices manage complex family wealth
- The difference between single-family and multi-family offices
- What happens after a major liquidity event
- Why alternative investments are growing in importance
- How to evaluate private equity and hedge fund opportunities
- The risks and rewards of illiquid investments
- How to access institutional-quality investments
- The role of long-term thinking in portfolio construction
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Connect with Jeff and Tom:
- LinkedIn: Jeff Coury II
- LinkedIn: Tom Deutsch
- The Coury Firm
About Our Guests:
Jeff Coury II is President & Co-Chief Investment Officer at The Coury Firm, a multi-family office and financial services firm with over 40 years of experience advising business owners and high-net-worth families. He focuses on asset management, strategic capital allocation, and building investment platforms that provide access to institutional opportunities.
Tom Deutsch is Co-CIO of The Coury Firm and brings over 20 years of investment experience, including time at Lehman Brothers and Neuberger Berman. He specializes in portfolio construction, manager selection, and aligning investment strategies with long-term client goals.
Together, they oversee investment strategy across public and private markets, helping families build and preserve wealth across generations.
Markets are moving on more than just fundamentals.
Michael Parise sits down with Eric Fuhrman of City National Rochdale to talk about investing in a world driven by tariffs, tax law changes, and shifting Fed policy. Eric shares how CNR’s high-net-worth clients benefit from customized, multi-asset strategies that adjust for both long-term goals and short-term volatility.
You’ll learn why they’re staying market-neutral for now, what sectors look resilient, and how demographic trends and global policy shape opportunities in the U.S. and abroad.
What you’ll take away:
- How policy changes are moving markets today
- Why financials and technology stand out right now
- The case for staying U.S.-focused, at least for now
- How to position cash from a business sale in this environment
- And more!
Resources:
- How Personalized Portfolios Build Wealth on Your Terms with Ben Ludwig (Ep. 139)
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Connect with Eric Fuhrman:
- LinkedIn: Eric Fuhrman, CFA
- City National Rochdale
About Our Guest:
Mr. Fuhrman joined City National Rochdale in 2022 and has over 20 years of professional investment management experience. He works closely with each client’s advisor to develop a customized portfolio based on the client’s investment objective, time horizon, income needs, and tolerance for market volatility. In this role, he is responsible for the investment strategy implementation and monitoring of private client portfolios, as well as direct relationship management.
Prior to City National Rochdale, Mr. Fuhrman worked at Rice Hall James & Associates as Chief Investment Officer and Co-Portfolio Manager of the Value/International team. Mr. Fuhrman began his career at HGK Asset Management, serving as an Analyst and Trader before launching the firm’s Small Cap equity strategy in 2007 as lead Portfolio Manager. As a Managing Partner, he was a member of HGK’s Investment Policy Committee, overseeing their Global Equities, Fixed Income, and Private Credit strategies.
Mr. Fuhrman earned his BS in Business Administration from the University of Richmond and his MBA from the Stern School of Business at New York University, where he concentrated in Finance, Economics, and Real Estate. He also holds the Chartered Financial Analyst® and Certified Private Wealth Advisor® designations.
Outside of the office, Mr. Fuhrman enjoys spending time with his family, coaching youth hockey, and serving on the board of Ramapo College’s Student-Managed Investment Fund.
What if your portfolio could evolve with you, like a financial blueprint that updates in real time?
Michael Parise sits down with Ben Ludwig of City National Rochdale to unpack what truly personalized investing means for high-net-worth families, and why it matters more than ever. From shifting risk tolerance to multi-generational planning, Ben breaks down how CNR collaborates with financial advisors to design tax-sensitive, goal-aligned portfolios that flex with each client’s life and legacy.
This isn’t about choosing a model or a fund, it’s about building a strategy from the ground up, around real people and real priorities.
What to expect:
- Why personalization goes far beyond risk tolerance questionnaires
- The advantage of owning individual securities vs. pooled funds
- How CNR helps clients transition portfolios without triggering large tax events
- A behind-the-scenes look at the ongoing service model and portfolio review process
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Connect with Ben Ludwig:
- LinkedIn: Bed Ludwig, CFA, CAIA
- City National Rochdale
About Our Guest:
Ben Ludwig joined City National Rochdale in 2014 and has over 20 years of investment experience. He is responsible for business development in Delaware, Pennsylvania, and New Jersey, where he communicates and fosters relationships with high-net-worth investors who may benefit from City National Rochdale’s investment management services.
Prior to joining the firm, Mr. Ludwig spent 9 years at BNY Mellon in various leadership roles, most recently serving as Director of Investments and Head of Advisory Consulting for the Lockwood Advisors business. In this role, Mr. Ludwig was responsible for driving Lockwood’s portfolio management, manager research, and advisory consulting efforts. Prior to that, Mr. Ludwig held investment research and relationship roles at SEI Investments and The Vanguard Group.
Mr. Ludwig earned his BS in Finance from Bloomsburg University in Pennsylvania and his MBA in Finance from St. Joseph’s University. He holds the Chartered Financial Analyst® designation and the Chartered Alternative Investments Analyst designation. Mr. Ludwig is a member of the CFA Institute and the CFA Society of Philadelphia. He resides in the suburbs of Philadelphia with his wife and four children. Mr. Ludwig spends much of his free time volunteering as a coach for numerous youth sports organizations in his community.
What if launching your company at the brink of the 2008 financial crisis turned out to be the smartest move you ever made?
That’s exactly what happened to Greg Friedman, CEO of Peachtree Group, who joins Michael Parise on The Truth About Wealth to share how timing, adaptability, and a deep understanding of risk helped shape his firm’s rise to a national powerhouse.
Greg explains how Peachtree Group invests across private credit, commercial real estate, and even film financing—always with an eye for “mispriced risk.” In this episode, he shares how they’ve made over 600 credit investments with a sub-3% foreclosure rate and how they’re navigating today’s volatile interest rate environment.
What you’ll learn by listening:
- Why private credit is creating rare opportunities in a tight lending market
- How Peachtree underwrites risk like an owner, not just a lender
- What rising interest rates really mean for real estate valuations
- How tax credits and film finance are reshaping alternative investment strategies
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Connect with Greg Friedman:
- LinkedIn: Greg Friedman
- Peachtree Group
About Our Guest:
Greg has more than 23 years’ hospitality experience with an emphasis on deal structure and financing. He has successfully led Peachtree in more than $8 billion in hotel acquisitions, investments, and development since co-founding the company.
He formerly was senior vice president of business development for Specialty Finance Group, LLC, a direct lender providing hotel first mortgage and FF&E financing, where he originated more than $2 billion of hotel debt. Previously, Greg was vice president of business development for GMAC Commercial Mortgage – Asset-Backed Lending Division. During his six-year tenure, he originated, closed, and funded more than 300 hospitality FF&E financing transactions with an aggregate capital structure exceeding $10 billion.
Greg holds a Bachelor of Arts in Biology from the University of Texas at Austin.
Copper Beech has coined something they like to call a “family investment club”. It’s a new way to manage generational wealth.
How can you implement it in your family?
John and Michael Parise are exploring how these can be a unique way to unite family members across generations, enhancing financial education and responsibilities while managing family wealth creatively and inclusively.
John and Michael discuss:
- The basics of a Family Investment Club [00:02:44]
- The importance of generational involvement in family enterprises [00:07:15]
- Real-life examples of how their family manages multiple business ventures [00:04:42]
- The role of family meetings in educating and including family members in decision-making [00:18:58]
- Lessons from a Chicago family’s philanthropic strategies to keep unity [00:13:47]
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Vincent Tassone of Causeway Securities, one of the world’s largest independent structured note distributors, joins John and Michael Parise to demystify structured notes and their expanding role in today’s investment portfolios.
Listen as he breaks down what structured notes are; hybrid financial instruments combining a bond with a derivatives package, and explains how they offer customizable risk-return profiles tailored to an investor’s specific goals.
Often considered complex or “exotic,” structured notes can actually be powerful tools when used appropriately. Vincent walks through the four primary types; principal protected, income, growth, and dual directional, and shares how each can be aligned with an investor’s need for safety, income, or growth.
Key discussion points include:
- Introduction to Structured Notes and Basics [00:03:11]
- Customization of Structured Notes for Different Risk Profiles [00:05:58]
- How Structured Notes Fit into a Portfolio [00:09:25]
- Liquidity Considerations and Suitability [00:18:30]
- Dual Directional Strategies as a Hedge [00:21:57]
- And more
Connect with Vince Tassone:
- LinkedIn: Vince Tassone
- v.tassone@causeway-securities.com
- LinkedIn: Causeway Securities
- Causeway Securities
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
What happens when a business suddenly loses a key player or faces a supply chain disruption?
That’s where Madison Insurance Group’s unique strategies come into play, offering peace of mind and financial protection for unforeseen business challenges.
Join John and Michael Parise as they chat with Mark Sims and Aaron Quinn from Madison Insurance Group to discuss how their partnership, spanning over 15 years, has provided invaluable enterprise risk coverage solutions.
You’ll learn how Madison’s innovative approach allows business owners to participate in underwriting profits and navigate recent IRS regulations with confidence.
Other key conversations in this release include:
- The fundamentals of Madison Insurance’s enterprise risk coverage and how it differs from typical insurance offerings [00:01:48]
- Insights into why businesses often overlook these coverages and the financial advantages of Madison’s reinsurance model [00:09:48]
- The practical steps for businesses to secure their operations against potential disruptions through Madison’s feasibility study [00:13:14]
- How true insurance is defined within Madison’s framework, emphasizing regulation and economic mass [00:15:22]
- The latest IRS regulations concerning micro captives and what sets Madison apart in terms of compliance and economic structure [00:27:11]
- And more!
Connect with Madison Insurance Group:
- Madison Insurance Group
- LinkedIn: Madison Insurance Group
- LinkedIn: Mark Sims
- info@madisoninsurancegroup.org
- msims@madisoninsurancegroup.org
- (787) 773-1812
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guests:
Mark Sims is Vice President of Business Development for Captive Alternatives, LLC. He has more than 25 years of experience in risk management and insurance consulting, and focuses on the use of Private Insurance Companies for insuring the catastrophic business risks and employee benefits programs of medical groups, business owners in many sectors, and other high net worth groups throughout the United States. Mark is a charismatic and popular professional speaker on the use of Private Insurance Companies for risk management, asset protection, wealthy preservation and exit strategies. He is a member of the Captive Insurance Companies Association and the Self Insurance Institute of America. Mark has extensive working experience with tax attorneys, estate planning firms and other trusted advisors to high net worth business owners and families, and frequently provides customized webinars to advisor groups who want to learn about Private Insurance Companies and the Puerto Rico solution.
What does it mean to treat all family members fairly in terms of wealth distribution?
John and Michael Parise dive into the complexities of estate equalization within family businesses. In this episode, they unravel a recent case study highlighting the challenges faced when generational wealth intersects with family dynamics.
Listeners are in for a detailed exploration of best practices for ensuring fair treatment, asset protection strategies, and the nuances of managing family businesses across different generations. Discover pragmatic insights on structuring estate plans that both honor family values and preempt potential conflicts.
Other key discussions include:
- The difficulties of equalizing estate distribution among children in business contexts (00:02:03)
- Real-world examples of handling business ownership transitions (00:03:28)
- The role of life insurance in balancing estate values (00:24:43)
- The importance of pre-emptive planning in preserving family legacies (00:14:03)
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
How can you create a legacy that spans generations?
Join financial experts John and Michael Parise of Copper Beech Financial Group as they delve into the concept of leveraging assets to build and sustain generational wealth. This episode explores the strategic use of financial instruments like IRA accounts and life insurance to enhance family wealth and legacy planning. Discover how asset leverage can support tax-efficient growth and provide long-term benefits for your family’s financial future.
Key discussion points include:
- The role of leverage in real estate and other assets to boost family wealth [00:02:40]
- Leveraging IRA assets for generational wealth goals amid changing tax laws [00:04:33]
- Strategic gifting and using life insurance for tax-efficient wealth transfer [00:08:00]
- Creating an estate bank for future generational use and asset protection [00:17:43]
- Employing business strategies for succession and leveraging corporate assets [00:29:26]
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
What’s the secret to leaving a lasting legacy through philanthropy?
Join John and Michael Parise as they sit down with Marlene Olshan and Ann Figueredo from Momentem Consulting Group. Together, they explore how families can define and achieve meaningful philanthropic goals.
Marlene and Ann share their journeys and discuss Momentem’s mission to help both non-profits and high-net-worth individuals make purposeful impacts. From establishing a ‘Purpose Framework’ to unifying family values through philanthropic endeavors, the conversation is rich with insights for anyone tasked with managing family wealth.
Here’s what you’ll gain insight into:
- The unique challenges and joys of intergenerational philanthropy [06:31]
- Crafting a Purpose Framework to streamline philanthropic decisions [18:47]
- Characteristics of successful philanthropists and how to aspire to that level [13:01]
- The role of family dynamics in long-term philanthropic planning [29:18]
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Connect with Momentem Consulting Group:
- Momentem Consulting Group
- LinkedIn: Marlene L. Olshan
- LinkedIn: Ann F.
- info@momentemgroup.com
- (215) 964-9067
About Our Guests:
Ann Figueredo has over 35 years of experience as a strategy, marketing, new product development, and fundraising expert in the higher education, financial services, and pharmaceutical industries. She has held senior leadership positions to plan and execute successful comprehensive capital campaigns, launch new products and services domestically and internationally, and spearhead market research studies to open new market opportunities.
Ann is a graduate of Haverford College (BA) and Columbia University (MBA). She has held senior leadership roles at Haverford College, Germantown Friends School, SEI Investments, Spectrem Group, Visa International, Bankers Trust, and Pfizer.
Marlene Olshan has over 35 years of experience in executive leadership with functional expertise in strategy, operations, and fund development. Marlene has led organizations in the human services, retail, and financial services sectors, with particular expertise in positioning organizations to scale.
Marlene is a graduate of Temple University ( BA) and has received a Certificate in Public Policy Leadership from Harvard’s Kennedy School. She has held senior leadership positions at Vetri Community Partnership, Big Brothers Big Sisters Southeastern PA, The Department of Human Services for the City of Philadelphia, Spectrem Group, GIII Apparel Group, and Macy Specialty Stores.
Are you aware of the tax savings opportunities you’re missing by not employing cost segregation in your real estate investments?
Get ready to uncover the untapped potential of tax method changes that could revolutionize your approach to wealth management!
This week, Michael Parise and guest Vanessa Wallace Clunies from Tax Method Experts guide you through the complexities of cost segregation and tangible property regulations.
Tune in and discover how these can not only save you taxes but also ensure regulatory compliance!
Key talking points include:
- The importance of cost segregation for accelerated depreciation benefits
- Why tangible property regulations are mandatory and crucial for compliance; finding out if you’re at risk
- How tax method changes can provide substantial deductions and reduce your tax liabilities
- The importance of partnering with specialists to navigate complex tax codes effectively
- And more!
Connect with Vanessa Wallace Clunies:
- LinkedIn: Vanessa Wallace Clunies
- Tax Method Experts
- vanessaw@ericwallacecpa.com
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Vanessa Wallace Clunies is the CFO and COO of Tangible Property Tax Methods, LLC, a tax method change firm specializing in Tangible Property Regulation (TPR) compliance, method changes for large service providers, and cost segregation. She is an associate of the ASCSP and has over 9 years of experience in Tangible Property Regulations compliance and the preparation of thousands of IRS Form 3115 Change in Method of Accounting.
Vanessa supervises all of the engineers of TPTM who perform the detailed work to support the entity’s cost segregation reports, in addition to providing the tax insights that are key in this real estate profession.
Working closely with her father and the country’s expert on the TPRs, Eric P. Wallace, CPA, this dynamic duo has found to date over $300M in deductions for clients. She has analyzed over 1,000 depreciation schedules and has created corresponding tax deduction schedules with various permitted IRS automatic and non-automatic method change designated changes.
Are you ready for the next energy revolution? John and Michael Parise from Copper Beech Financial Group explore this critical topic with Mitch Kerr, Senior Portfolio Manager at Ategenos Capital. John, Michael, and Mitch examine the forces shaping global energy markets, from record-breaking oil production to the innovative potential of Small Modular Reactors (SMRs). Mitch …
What happens when gold outpaces all expectations in a world where currency devalues? In this episode, John and Michael Parise from Copper Beech Financial Group delve into this intriguing question with Andy Schectman from Miles Franklin. John and Michael take you on an exploration of gold and silver markets, challenging the notion of free markets …
Have you reviewed your beneficiary designations lately? The impact could be more significant than you think. Ensuring your assets are inherited as you intend starts with one critical step: understanding the importance of asset succession and beneficiary designations.
Today on The Truth About Wealth, John and Michael Parise of Copper Beech Financial Group explore the complexities of asset succession in estate planning. From the nuances of beneficiary designations to the effects of the Secure Act, they highlight key information to ensure your wealth transitions smoothly to the next generation. Tune in to learn about protecting your family’s financial future and avoiding common estate planning mistakes.
John and Michael discuss:
- Why it’s important to regularly review and update your beneficiary designations to ensure they reflect your current wishes and avoid potential familial conflicts
- How the Secure Act impacts the inheritance of IRAs and strategies to minimize tax exposure for your heirs
- How different asset titling affects inheritance and the importance of consulting legal advisors for proper asset protection
- Why you should regularly meet with financial advisors to revisit your estate plan and accommodate any changes in your life or tax laws
- And more
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Take advantage of the full potential of your estate planning strategy by learning about purpose trusts. This episode, featuring David Warren from Bridgeford Trust, dives deep into innovative ways to protect your wealth for generations.
John and Michael Parise bring back David, co-founder and chairman of Bridgeford Trust Company, to explore the innovative concept of a purpose trust – an underutilized yet powerful tool for estate planning that can provide asset protection, perpetuate family values, and even accommodate unique needs like cryogenics.
Tune in as this conversation may help you transform your approach to asset protection and long-term financial planning!
John, Michael, and David discuss:
- An introduction to the purpose trust: its definition and primary functions
- Real-world examples, including charitable purposes and maintaining lifelong commitments such as taking care of pets or holding a family property
- The benefits of purpose trusts over traditional trusts, focusing on asset protection and longevity
- How South Dakota’s favorable trust laws make it an ideal jurisdiction for establishing these trusts
- And more!
Resources:
- Bridgeford Trust Podcast
- How To Choose The Right Trustee With David Warren (Ep. 75)
Connect with David Warren:
- Bridgeford Trust Company
- Linkedin: David Warren
- Linkedin: Bridgeford Trust Company
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
David Warren is the co-founder and chairman of the Board of Bridgeford Trust Company. With over 20 years of experience as an attorney in the financial services industry, David has a wealth of knowledge on working with ultra-high-net-worth families across the nation and around the world. As a leader at Bridgeford Trust Company, he shapes the strategic growth and brand development. Outside of his roles at Bridgeford, David often speaks throughout the country and around the world on modern and progressive U.S. trust law, addressing several professional organizations and audiences each year.
Are you certain your family’s financial future is secure for generations to come?
Understanding the true value of your wealth goes beyond numbers; it’s about creating a lasting legacy.
Today on The Truth About Wealth, John and Michael Parise revisit the foundation of Copper Beech Financial Group, explore the unique concept of a family CFO, and discuss strategies to effectively preserve and transfer wealth from the first to the third generation for 100-year families.
Tune in and gain insights into their holistic approach, which incorporates financial planning, education, and maintaining family values to ensure long-term prosperity and unity.
John and Michael cover:
- The evolution and vision behind Copper Beech Financial Group
- The role and significance of a family CFO
- Creating 100-year family plans and the importance of generational involvement
- Using legacy videos to bridge value gaps between generations
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Do you need help to hire and retain top talent for your business?
In this episode, John and Michael Parise are joined by Max Hansen, CEO and co-founder of Y Scouts, the first-ever purpose-based leadership search firm. Together, they dive into the importance of hiring with purpose and discuss strategies for recruiting and retaining top talent to accelerate business growth and success.
From aligning values to developing key leaders, they also share valuable insights on how businesses can unlock their full potential through strategic hiring practices.
Talking points include:
- The concept of Hiring on Purpose and its impact on business success
- Challenges faced by privately held companies in succession planning and talent retention
- Strategies for developing a solid management team to increase company value
- Balancing the need for outside talent with family involvement in closely held businesses
- And more!
Resources:
- “Hiring On Purpose” by Max Hansen and Brian Mohr
Connect with Max Hansen:
- Y Scouts
- LinkedIn: Max Hansen
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Max Hansen, co-founder and COO of Y Scouts dedicated the last two decades to providing the best hiring practices in leadership search and consulting. Max was fortunate that his first job after graduating with a Bachelor’s Degree from Northern Arizona in Business Administration was with the Fortune 50 Recruiting firm Allegis Group / Aerotek. This experience gave him a solid foundation for understanding best-in-class business systems and selection processes.
In January of 2002, Max founded his first recruiting/search firm, Job Brokers, Inc. Together with his team, they went on to hire more than 30,000 people across a wide swath of industries including engineering, manufacturing, education, healthcare, distribution, mining, finance, technology, and apparel. They proudly grew their annual revenues to over $35 million and expanded into other divisions and brands. The most notable being Y Scouts in 2012.
How do the changing tax provisions impact your financial planning?
Today on The Truth About Wealth, John and Michael Parise discuss the implications of the expiring tax provisions from the Tax Cuts and Jobs Act. They underscore the necessity of proactive tax planning and the importance of consulting with advisors to maximize benefits before these provisions lapse.
Their conversation spans estate planning, business tax laws, individual tax brackets, and charitable planning, highlighting the urgency for families to strategize for their financial future in light of these changes.
Talking points include:
- Expiring tax provisions from the Tax Cuts and Jobs Act
- The need for proactive tax planning
- What tax provisions are expiring, and what provisions are permanent
- Considerations in estate planning
- Updates on business tax laws
- Changes in individual income tax brackets
- Strategies for charitable planning
- And more!
Resources:
- Is a C Corporation Right For You? With Doug Dickey (Ep. 122)
- Charitable Lead Annuity Trust With Derek Myron (Ep. 36)
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
How can Management Services Organizations (MSOs) enhance tax efficiency and asset protection for businesses?
Today on The Truth About Wealth, John and Michael Parise welcome back Doug Dickey, CPA, CEPA, Manager, and Shareholder at DRDA, PLLC, for a conversation about the intricacies of management services organizations (MSOs).
Doug provides a comprehensive explanation of MSOs, detailing their origins in asset protection and their evolution to include tax efficiency and increased purchasing power. He also emphasizes the importance of proper entity structuring to safeguard assets and avoid piercing the corporate veil.
Key points include:
- What are Management Services Organizations (MSOs)
- The use of MSOs in tax efficiency and asset protection
- IRS’s perspective on MSOs and creative ways clients can use MSOs for tax and cash flow advantages
- Advantages of using a C corporation structure for real estate ownership
- The importance of working with the right team
- Estate planning concepts and transfer of wealth for multiple generations using C corporations
- And more!
Resources:
- Is a C Corporation Right for You? with Doug Dickey (Ep. 122)
Connect with Doug Dickey:
- DRDA, PLLC
- LinkedIn: DRDA, PLLC
- LinkedIn: Doug Dickey
- doug@drdacpa.com
- 281-954-6001
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Is becoming a C Corporation the best tax strategy for your business?
Today on The Truth About Wealth, John and Michael Parise speak with Doug Dickey, CPA, CEPA, Manager, and Shareholder at DRDA, PLLC, about the benefits and tax implications of using C corporations for business structures post Tax Cuts and Jobs Act.
They explore the flat 21% tax rate for C corporations, the potential tax savings compared to flow-through entities, and strategies for managing double taxation on dividends.
So, tune in as Doug highlights the importance of entity choice for asset protection, tax planning, and reinvestment opportunities, emphasizing the flexibility C corporations provide for businesses aiming to maximize after-tax profits and growth.
Talking points include:
- What’s a C corporation
- The use of C corporations after the Tax Cuts and Jobs Act
- Tax implications and benefits of C corporations compared to other entities
- Comparing the tax burden between C corporations and flow-through entities
- The value of considering a C corporation structure for businesses with significant earnings
- Tax efficiency and flexibility of C corporations for business growth and capital accumulation
- And more!
Connect with Doug Dickey:
- DRDA, PLLC
- LinkedIn: DRDA, PLLC
- LinkedIn: Doug Dickey
- Email: doug@drdacpa.com
- Call: 281-954-6001
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
How can generational planning help secure your family’s wealth for the future?
Today on The Truth About Wealth, John and Michael Parise get together for a follow-up from the previous episode about upline generational planning.
This week, they explore two case studies: the first concerning a family business owner with asset protection needs due to the father’s illness and estate tax exposure, and the second involving a family’s desire to establish a philanthropic foundation.
The discussion covers the importance of estate planning documents, beneficiary designations, charitable trusts, and aligning philanthropic efforts with family values.
Talking points include:
- Case studies related to estate planning and asset protection
- The importance of involving multiple generations in the wealth planning process
- How to minimize tax exposure and protect family assets
- Charitable planning and the use of charitable remainder trusts
- The value of educating families about planning strategies and potential impact on taxes and wealth preservation
- And more!
Resources:
- Upline Planning: What it is & Why You Need to Do it (Ep. 120)
- Unpacking The Complexities of Roth IRAs With Chris Ruffino (Ep. 116)
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Why is generational planning crucial for protecting your family’s wealth?
Today, John and Michael Parise discuss upline planning with a focus on the importance of generational planning and asset protection. They highlight the potential conflicts within families during asset distribution and the value of trusts.
John and Michael also explore a strategy to maximize income tax basis and estate planning objectives for families. They emphasize the need for open conversations between generations and the role of advisors in guiding families through complex issues.
Talking points include:
- What upline planning is, and why it’s crucial for families
- Potential conflicts within families when distributing assets
- The value of trusts in asset distribution and protection
- How to minimize estate tax exposure and protect assets from creditors by “generational skipping”
- Strategies for approaching conversations with the older generation
- How to maximize income tax basis and estate planning objectives for families
- The importance of open and honest conversations between generations
- Why you should be proactive with your advisor and discuss wealth preservation and protection
- And more!
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
How can you secure your family’s future wealth?
In short, anticipate change, stay informed, and reach out to your advisor.
This week, John and Michael Parise elaborate with a discussion about the importance of proactive wealth management. They highlight the need for individuals to ask questions, educate themselves, and consult with their advisors to secure a better future. John and Michael also briefly talk about the potential benefits of alternative investments in the current market conditions.
So, listen in as they emphasize the significance of tax efficiency, liquidity, and the need for individuals to focus on asset protection in estate planning.
John and Michael discuss:
- Some of the concerns and questions they’ve recently received from clients regarding financial plans and estate tax laws
- Client frustration with other advisors on their financial team not being proactive enough
- Challenges within the advisor community and the need for awareness of options for high-net-worth individuals
- Potential benefits of alternative investments such as gold, silver, and oil and gas in the current market
- The need for diversification in investment portfolios due to current economic and geopolitical uncertainties
- The importance of tax efficiency and exploring tax planning strategies
- Some concerns about potential changes in tax laws and the need to focus on asset preservation
- And more!
Resources:
- The State Of Gold And Silver As An Asset Class With Andy Schectman (Ep. 70)
- How To Choose The Right Trustee With David Warren (Ep.75)
- Private Equity Investing 101 — Part 1 With Christopher Graham (Ep. 104)
- Helping Talent Find You With Chris Czarnik — Part 1 (Ep. 106)
- The Role Of Rare Tangible Assets In A Diversified Portfolio For Generational Wealth With Geoff Anandappa (Ep. 108)
- Navigating Blended Families And Estate Taxes: A Case Study Discussion (Ep. 109)
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
As you transfer your hard-earned assets to your children and groom them to assume control of the family business, you likely want to imbue them with your core family values and an entrepreneurial mindset.
But how do you initiate an open dialogue? When is the best time to do it?
John and Michael Parise answer these questions and help you perpetuate your family’s wealth and values for generations to come. They shed light on eye-opening questions and conversations you should engage in with your children to equip them with the knowledge and entrepreneurial capability to advance your family’s legacy (and build their own).
John and Michael discuss:
- The importance of fostering an entrepreneurial mindset from a young age
- Inspiring stories of working with small businesses and private family enterprises
- Opportunities and challenges in the current environment for new business owners
- Copper Beech Financial Group’s approach to productive family meetings that assist in effective wealth transfer
- What it takes to nurture confident future leaders
- And more!
Resources:
- Raising Children in the Context of Family Financial Success with Jeff Savlov (Ep. 43)
- Bringing the Next Generation Into the Family Business, Part 2 with Jeff Savlov (Ep. 44)
- Governance at an Enterprising Family Level with Jeff Savlov (Ep. 57)
- Approaching Governance Planning, Part 2 with Jeff Savlov (ep. 58)
- Patreon
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Why is estate planning crucial for younger families?
Chris Ruffino joins Michael Parise to talk about estate planning and why it’s important not only for older generations but for younger families, too. Together, they go over topics such as guardianship, trusts, asset protection, privacy, and coordination of planning between generations.
Michael and Chris discuss:
- Why guardianship is the number one reason young families should have an estate plan
- The benefits of utilizing trusts to protect assets for the next generation
- How trusts can help families create wealth and distribute it
- How trusts can help families keep things private and bypass probate
- The concept of being “stuck in the middle” and the role of trusts when it comes to addressing the needs of the sandwich generation
- And more!
Resources:
- 10 Strategies For Estate Planning (Ep. 14)
- Is Your Estate Plan Public or Private? (Ep. 26)
- When Planning Doesn’t Go As Planned (Ep. 37)
- Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94)
- Navigating Blended Families And Estate Taxes: A Case Study Discussion (Ep. 109)
- Estate Planning: Making The Backstage Process Easier (Ep. 114)
Connect with Chris Ruffino:
- Copper Beech Financial Group
- LinkedIn: Chris Ruffino
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Chris Ruffino brings over two decades of financial expertise and a personalized, holistic approach to financial planning. Chris values family, long-term client relationships, and educating clients for generational impact. Starting at Merrill Lynch in 2003, Chris honed his client-centric approach at Lockwood Advisors and Legg Mason, emphasizing aligned interests and disciplined investing. His insights promise valuable takeaways for anyone looking to improve their financial future.
There have been recent changes in tax laws for Roth accounts.
Ready to go over them?
In this episode, Chris Ruffino and Michael Parise go into the basics of Roth accounts and the recent changes in tax laws.
Chris explains the difference between traditional IRAs, and Roth IRAs while introducing the concepts of a ‘backdoor’ Roth IRA and a ‘garage door’ Roth IRA. He also navigates the impact of the Secure Act on Roth IRAs and the potential benefits of Roth conversions in terms of estate planning.
Michael and Chris discuss:
- The difference between traditional IRAs and Roth IRAs
- The benefit of not having required minimum distributions from a Roth IRA accounts
- Backdoor and garage door Roth IRAs and how they work
- How the Secure Act has impacted Roth IRAs
- And more!
Resources:
- Taking the Plunge to Build Generational Wealth — the Next Phase of Copper Beech With Chris Ruffino (Ep. 112)
- The Generational Impact Of The Secure Act Part Two (Ep. 61)
- The Generational Impact Of The Secure Act — Part One (Ep. 60)
- Options To Reduce Your Taxes For Your IRA — With Mary Read (Ep. 27)
Connect with Chris Ruffino:
- Copper Beech Financial Group
- LinkedIn: Chris Ruffino
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Chris Ruffino brings over two decades of financial expertise and a personalized, holistic approach to financial planning. Chris values family, long-term client relationships, and educating clients for generational impact. Starting at Merrill Lynch in 2003, Chris honed his client-centric approach at Lockwood Advisors and Legg Mason, emphasizing aligned interests and disciplined investing. His insights promise valuable takeaways for anyone looking to improve their financial future.
Every strong family is like a winning team, and just like any successful team, they thrive with the guidance of a dedicated coach. Alex Kirby, the Founder and CEO of Total Family Management, joins John and Michael Parise to talk about the concept of family coaching. Alex explains how his company helps families improve their …
Do you have a plan for the backstage of generational wealth management? If you don’t, it’s never too early to start capturing the history and values of your family founders. In this episode, John and Michael Parise discuss the importance of planning for the backstage of wealth management, particularly in the event of the passing …
Ever wondered about the journey of the coins in your pocket? This week on The Truth About Wealth, John and Michael Parise from Copper Beech Financial Group dive into this fascinating world with David J. Ryder, who served as the U.S. Mint Director under two different presidents. From his early days on Wall Street to …
What if your financial advisor cared about the next three generations of your family? In this episode, Copper Beech’s newest advisor, Chris Ruffino, sits down with hosts John and Michael Parise to answer this pivotal question. Together, they illuminate the multidimensional, generational approach that Copper Beech takes towards financial planning. John, Michael, and Chris discuss: …
Just as true wealth is more than money, the beauty of Bordeaux goes beyond the bottle. In this episode, John and Michael Parise welcome back guest Tim O’Rourke (for the third time!) to navigate the captivating world of Bordeaux wines. Listen in as they dive into the history, production, and unique characteristics that make Bordeaux …
Do your kids and grandkids know your family’s legacy? Make sure they do by creating a video memoir! 🎥 In this episode, John and Michael Parise shed light on the importance of transferring values when transferring wealth to create a lasting legacy. They go over some of the questions they ask the families they work …
Are you struggling with complex estate planning situations? In this episode, John and Michael Parise uncover two case studies, one that worked and one that didn’t. Throughout the two case studies, Michael explains his role in the estate planning process and the challenges of working with a business owner with significant estate tax exposure. Adding … Continue reading Navigating Blended Families and Estate Taxes: A Case Study Discussion (Ep. 109) →
If you’re looking to diversify your portfolio and try to hedge some of the global inflation investors are seeing today, you might want to consider adding rare tangible assets or collectibles to your portfolio. In this episode, John and Michael Parise speak with Geoff Anandappa, a specialist in rare tangible assets and the founder of … Continue reading The Role of Rare Tangible Assets in a Diversified Portfolio for Generational Wealth with Geoff Anandappa (Ep. 108) →
So you made your job posting findable and found your key talent… How to ensure they stay with your company? In this episode, Michael Parise and Chris Czarnik briefly recap part one of this two-part miniseries focused on making job postings more findable. This time, they are back to unveil tips and tricks around employee … Continue reading Helping Talent Find You with Chris Czarnik — Part 2 (Ep. 107) →
Do you ever wonder why it is so difficult to find experienced candidates? In this episode, Michael Parise speaks with Chris Czarnik about why businesses are struggling to find recruitment in the current job market. Chris covers the impact of the experience and generational gap in the workforce while explaining how companies can find more … Continue reading Helping Talent Find You with Chris Czarnik — Part 1 (Ep. 106) →
Ready to continue learning about private equity investing? Welcome back! In this episode, John and Michael Parise are joined by returning guest Christopher Graham, the founder and CEO of Crown Capital Investments. The last conversation covered how private equity works, what investors should look at, and how it’s structured. This time, Christopher continues the lesson, … Continue reading Private Equity Investing 101 — Part 2 with Christopher Graham (Ep.105) →
It may be tempting to get into the world of private equity investing, but it’s important to get the basics under your belt first. In this episode, John and Michael Parise bring on Christopher Graham, the founder, CEO, and CIO of Crown Capital Investments, to teach you how private equity works, what investors should look … Continue reading Private Equity Investing 101 — Part 1 with Christopher Graham (Ep. 104) →
You can protect your business against risks while also leveraging them as opportunities for growth.
In this episode, John and Michael Parise are joined by Kyle Hanson, the director of business development at Madison Insurance Group, to talk about enterprise risk management.
Kyle unveils the firm’s application of SWOT analysis to enterprise risk management while sharing client case studies, highlighting the various risk coverages available.
John, Michael, and Kyle discuss:
- What’s enterprise risk management, and how it differs from basic risk management
- How risk can be positive (not just a threat) in a SWOT analysis
- How Madison Insurance Group integrates strengths, weaknesses, opportunities, and threats (SWOT) into the enterprise risk management they do for clients
- Some of the different risk coverages Madison Insurance Group offers
- And more!
Connect with Kyle Hanson:
- LinkedIn: Kyle Hanson
- Madison Insurance Group
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Kyle Hanson is a Director of Business Development who works in close collaboration with the Director and President, Mark Sims, to strategize, organize, and execute new business development and public relations activities.
With over a decade of public speaking experience and an accomplished academic background, Kyle is a sought-after conference presenter and a former column editor for the American Choral Directors Association’s national journal.
Before joining MIG, Kyle honed his skills in non-profit development through an internship at the Indianapolis Symphony Orchestra and a clinical workshop in artistic development at the Baltimore Symphony Orchestra.
Kyle holds a High Distinction degree from Indiana University Jacobs School of Music and two additional Masters degrees from Bowling Green State University and Indiana University.
Today’s topic is pertinent to business owners. If you’re grappling with unique financial challenges related to entrepreneurship and business ownership, this episode is for you.
This week, John and Michael Parise explore a case study about a client who owns a business. They provide a detailed walkthrough of their process from start to finish while detailing how they helped the client gain a generational wealth mindset by emphasizing education around how he thought about his finances.
John and Michael discuss:
- The three key areas the client wanted to focus on and sought help from Copper Beech
- Copper Beech’s approach to managing wealth for future generations (long-term instead of short-term planning)
- Why family meetings were critical to the planning process
- The recommendations their client’s family implemented and why
- And more!
Resources:
- Shifting How We Work To Transform The Way We Live — Part 1 with Joe Mechlinski (Ep. 99)
- Madison Insurance Group
- Audits Don’t Need to Be Scary (Ep. 3)
- The Copper Beech Process Case Study (Ep. 7)
- Intentionally Defective Grantor Trust Planning in 2020 (Ep. 42)
- Madison Insurance Group
Connect with John and Michael Parise:
- 856-988-8300
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
It’s no secret that the hybrid working environment has evolved.
So, how can companies make sure their employees are bringing their A-game and representing their values without scheduling yet another Zoom meeting?
In this episode, John and Michael Parise continue their conversation with Joe Mechlinski, the CEO of SHIFT.
This time, Joe unveils the challenges that business leaders are facing in today’s work environment. Listen in and learn more about what SHIFT does and its role in helping executives improve their team’s communication, work culture, and employee engagement.
Joe discusses:
- The size of the companies and teams that SHIFT helps
- Why asynchronous collaboration is the solution for a happy hybrid work environment
- SHIFT’s approach to helping strengthen a firm’s work culture
- Ways a company can start working with SHIFT
- The importance of taking care of your employees and giving them what they need to bring their best selves to work
- And more!
Resources:
- Shifting How We Work To Transform The Way We Live — Part 1 with Joe Mechlinski (Ep. 99)
- “Grow Regardless” by Joe Mechlinski, et al.
- “Shift The Work” by Joe Mechlinski
- The Future of Work | Joe Mechlinski | TEDxPearlStreet
- Latch
- LifeGuides®
Connect with Joe Mechlinski:
- Shift The Work
- JoeMechlinski.com
- LinkedIn: Joe Mechlinski
Connect with John and Michael Parise:
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Joe Mechlinski is a bestselling author, speaker, and social entrepreneur who helps organizations build engaged, mission-driven cultures. He challenges business leaders to strategically approach talent acquisition, development, and retention. Joe founded four businesses, each with varying degrees of success, which provided him with valuable insights and hands-on experience. At 23, Joe established SHIFT, a collective of businesses that revolutionized workforce engagement.
John and Michael Parise have made it to 100 episodes!
And this week’s release is all about celebrating this achievement with you! Listen in as John and Michael celebrate their 100th episode by reflecting on their podcasting experiences. Together, they share some stories, reminisce about past episodes, and reveal their favorite moments as podcasters.
John and Michael discuss:
- The beginnings of The Truth About Wealth Podcast
- How their holistic family approach has let them help families build generational wealth
- Instances where their show has helped both clients and strangers alike with their family wealth
- Podcasting and annual symposiums as the resources they use to help families
- Some of the most educational and memorable episodes they have recorded
- And more!
Resources:
- Meet John and Michael Parise of Copper Beech Financial Group (Ep. 1)
- Copper Beech is a Family Office (Ep. 2)
- Audits Don’t Need to Be Scary (Ep. 3)
- 10 Eye-Opening Questions to Protect Your Wealth: Part 1 (Ep. 4)
- Doing Well By Doing Good With ESOPs — With Rick Jaye, AIF®, CRC® (Ep. 21)
- Expand Your Wine Palette and Start Your Collection –– With Tim O’Rourke (Ep. 35)
- The Financial and Emotional Components of Legacy Letters (Ep. 45)
- A Discussion on Business And Family Leadership – With Guest Robert Brown (Ep. 53)
- The State of Gold and Silver As An Asset Class With Andy Schectman (Ep. 70)
- Opportunities Available For Gold and Silver Investments With Andy Schectman (Ep. 71)
- A Journey into the World of Spanish Wine with Tim O’Rourke (Ep. 78)
- The Emotional Connection To Generational Wealth with Aprajita Anand (Ep. 88)
- Insurance Options When US Insurance Providers Can’t Cover Your Needs with Sean McNiff (Ep. 96)
- Esoteric Tax Planning Strategies For American Businesses with Matthew Kirk (Ep. 95)
Connect with John and Michael Parise:
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
Change starts by shifting our working environment.
Would you agree?
In this episode, John and Michael Parise explore how transforming the way we work can have a profound impact on the real world with Joe Mechlinski, the CEO of SHIFT.
Joe unpacks how SHIFT helps companies effectively manage their resources and create engaged employees. He also talks about the core values of his entrepreneurial success and the changes in the workplace ever since going virtual.
Joe discusses:
- SHIFT’s approach to helping executives establish a clear direction for their organization
- Ways the firm helps executives create an engaged and motivated workforce
- The values he learned from his father and how they continue to contribute to his entrepreneurial success
- From working in an office to working remotely: How emotional intelligence (EQ) has changed post-pandemic
- The differences in the workplace between current and previous generations
- And more!
Resources:
- The Future of Work | Joe Mechlinski | TEDxPearlStreet
- “Grow Regardless” by Joe Mechlinski, et al.
- “Spark Brilliance” by Jackie Insinger
- “Emotional Intelligence” by Daniel Goleman
Connect with Joe Mechlinski:
- Shift The Work
- JoeMechlinski.com
- LinkedIn: Joe Mechlinski
Connect with John and Michael Parise:
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Joe Mechlinski is a bestselling author, speaker, and social entrepreneur who helps organizations build engaged mission-driven cultures. He challenges business leaders to strategically approach talent acquisition, development, and retention. Joe founded four businesses, each with varying degrees of success, which provided him with valuable insights and hands-on experience. At 23, Joe established SHIFT, a collective of businesses that revolutionized workforce engagement.
Many investors have cold feet and want to pull out of the market for 2023, but sometimes the best option is to take a deep breath, put your emotions aside, and wait a little longer.
In this episode, John and Michael Parise talk to Christian Hyldahl from Varium Investment Partners about investing in 2023. Christian shares his approach to investing, what he believes 2023 has to offer, and some advice for nervous investors who want to pull their money out of the market completely.
Christian discusses:
- The 2023 market outlook
- A comparison of active and passive portfolio management
- What’s a cover call strategy and its benefits if done properly
- His advice for nervous investors and reasons to stay invested
- And more!
Resources:
- Looking into Future Economic Trends (Ep. 82)
Connect with Christian Hyldahl:
- crhyldahl@variumip.com
- LinkedIn: Christian Hyldahl
- Varium Investment Partners
Connect with John and Michael Parise:
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Christian Hyldahl, CFA®, is the founder and president of Varium Investment Partners. He has 27 years of portfolio management, investment strategy, and research experience across multiple investment styles and products under his belt. Christian is consistently a top portfolio manager in multiple equity categories. Christian is a chartered financial analyst and obtained his master’s of business administration from the Fuqua School of Business, Duke University. Before that, he attended the London School of Economics for their specialized program in international economics and asset management and obtained his Bachelor of Arts in English and History from Bucknell University.
Many people have been questioning oil and gas with regard to America’s current politics. Luckily, Don Hosmer from Royale Energy, Inc., is here to provide us with some insight!
In this episode, John and Michael Parise speak with Don Hosmer from Royale Energy, Inc. Don talks about investing in oil and gas. He highlights the benefits of the industry from an investment standpoint, its tax benefits, and opportunities based on its peak demand.
Don discusses:
- The fundamental and psychological reasons behind the softness seen in the oil market
- The current challenges that the oil industry is facing in the public sectors
- The current state of the oil reserve and the life cycle to replenish it
- The tax benefits of his investment program and of investing in oil and gas
- The risks involved in drilling for oil and gas
- And more!
Connect with Don Hosmer:
- Royale Energy, Inc.
- LinkedIn: Royale Energy, Inc.
- LinkedIn: Don Hosmer
Connect with John and Michael Parise:
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Don Hosmer resides in California and is Royale Energy, Inc’s CEO, an oil and natural gas company.
Don started the company with his father in 1986. They started with a team of geologists and engineers and started the company primarily as a natural gas producer.
Approximately three years ago, Royale Energy, Inc. merged with a team of petroleum engineers to form the oil and gas company that is today.
If your typical American insurance provider won’t cover you, or you’re between insurance renewals, you have additional options to protect yourself, your business, and your family.
In this episode, John and Michael Parise interview Sean McNiff from Exceptional Risk Advisors about some alternative insurance the firm provides. Sean shares a variety of case studies, from examples of when his work made a significant impact on his clients to some interesting insurance stories. He also talks about the creativity and customization that goes into protecting businesses and families.
Sean discusses:
- What do Exceptional Risk Advisors and other cover holders for Lloyd’s of London do, who they insure, and what they cover
- A variety of insurance case examples of when his work seemed to make a huge difference for his client base
- Why it’s so important for business owners to regularly update their net worth valuations for insurance
- The creativity and customization that goes into protecting families and businesses
- And more!
Connect with Sean McNiff:
- Exceptional Risk Advisors
- LinkedIn: Sean McNiff
Connect with John and Michael Parise:
- Copper Beech Financial Group
- LinkedIn: John Parise
- LinkedIn: Michael Parise
- LinkedIn: Copper Beech Financial Group, LLC
- Facebook: Copper Beech Financial Group, LLC
About Our Guest:
Sean McNiff is the Vice President of Business Development & Marketing at Exceptional Risk Advisors. He is passionate about developing new business relationships and educating the marketplace. Sean has been with Exceptional Risk Advisors from the day it was founded. His focus lies in working with sophisticated life, executive benefit, and disability insurance advisors whose clients can benefit from partnering with Exceptional Risk Advisors.
Sean received a BA in Communications and graduated Magna Cum Laude from the University of Rhode Island. When he’s not advising clients, he’s outside playing tennis, hiking, skiing, and spending time with his wife and their two children.
Every business owner wants to save on taxes, and there’s a variety of tax planning strategies available in the US. In this episode, John and Michael Parise speak with Matthew Kirk from Holland & Knight about an esoteric tax planning strategy that not many American businesses know about. Matthew gives an overview of the tax … Continue reading Esoteric Tax Planning Strategies For American Businesses with Matthew Kirk (Ep. 95) →
They say, “an ounce of prevention is worth a pound of cure.” When families procrastinate with advanced estate planning, it can jeopardize the success of the next generation and their assets. In this episode of The Truth About Wealth, John and Michael Parise share a case study that illustrates how they’ve been helping one particular … Continue reading Case Study: Don’t Let Procrastination Hinder Your Generational Estate Planning (Ep. 94) →
Did you know that cost segregation studies can be conducted on commercial and residential properties? This week on The Truth About Wealth, Isaac Downing, the regional director at Capstan Tax Strategies, is back to unpack everything you need to know about the 1031 Exchange and cost segregation studies within commercial and residential real estate properties. … Continue reading Cost Segregation In Real Estate — Part 2 with Isaac Downing (Ep. 93) →
Cost segregation in real estate has been a taboo subject for many investors. However, there are several tax benefits to consider when implementing cost segregation within the properties you own. In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, regional director at Capstan Tax Strategies. Isaac unpacks the ins … Continue reading Cost Segregation In Real Estate with Isaac Downing (Ep. 92) →
The pathway to sobriety from drugs and alcohol isn’t a linear one. There is potential to have many ups and downs. And here’s where treatment facilities like the American Treatment Network help individuals get sober to become functioning members of society. In this release of The Truth About Wealth, John and Michael Parise welcome their … Continue reading The Importance of Sobriety with Matthew Sullivan (Ep. 91) →
It’s no secret that drug abuse can have harmful consequences for addicts and their families. Hence, it’s crucial to take action and work alongside experts who know what steps to take. In this episode, John and Michael Parise sit down with the co-founder and Chief Executive Officer of the American Treatment Network, Matthew Sullivan. Together … Continue reading Drug Abuse and the Importance of Taking Action with Matthew Sullivan (Ep. 90) →
Having access to tremendous wealth can’t help you control the uncontrollable. Whether it’s the COVID-19 pandemic or the stock market crash, there are things in life that we have no control over. However, you can change the way you think about problems out of your control. This week, John and Michael Parise welcome their returning … Continue reading Four Must-Know Mindset Shifts — Part 2 with Aprajita Anand (Ep. 89) →
We’ve all heard the phrase “money can’t buy happiness.” The COVID-19 pandemic has made the relationship between money and happiness more daunting and adding social media to the mix only complicates the matter. In this episode of the Trust About Wealth, John and Michael Parise sit down with learning specialist Aprajita Anand. Known as the … Continue reading The Emotional Connection To Generational Wealth with Aprajita Anand (Ep. 88) →
In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think. So, how to incorporate this information into a written agreement, especially when someone passes away? John and Michael Parise from Copper Beech Financial Group are here to answer this and more! This week, John and Michael unpack … Continue reading Structuring An Ownership Buy-Sell Agreement between Business Owners (Ep. 87) →
The past two years have caused multiple stressors in the financial marketplace. Inflation, oil prices, the uncertainty of the dollar, global issues, the war between Russia and Ukraine, and others have made decision-making around our financial future a more daunting task. But don’t worry. John and Michael Parise from Copper Beech Financial Group are here … Continue reading Mitigating The Stress In The Financial Marketplace (Ep. 86) →
The COVID-19 pandemic shifted the way industries have conducted business. Many companies shifted to a remote working model. However, what happens when companies try to get employees that have been working remotely throughout the pandemic to come back into an office setting full time? In this episode, John and Michael Parise discuss the challenges that … Continue reading Employment Post COVID-19 (Ep. 85) →
So you’re looking to sell your business. Remember, you can’t spell succession without success. In this episode of The Truth About Wealth, John and Michael Parise cover all the options you have when selling your business. John and Michael detail how to determine the right time, the timelines you should follow, and the pros and … Continue reading Looking To Sell Your Business? Here Are Your Options (Ep. 84) →
Do you know what to do when the markets are saturated? A good idea is to reallocate your assets to protect your investment portfolio. This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, … Continue reading Learn How To Allocate Your Assets To Meet Goals (Ep.83) →
Right now interest rates and inflation are higher than most of us have ever seen. The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years. In this episode of The Truth About Wealth, … Continue reading Looking into Future Economic Trends (Ep. 82) →
If you are set to have an estate tax, how might that tax get paid? Can we get that tax to zero? In this episode, John and Michael discuss their approach to estate taxes. In their approach, taxes are voluntary and planning is essential to ensure your loved ones have a plan and the means … Continue reading How to Pay for Estate Taxes (Ep. 81) →
In today’s market, many investors and clients are coming off of a decade of strong stock market wins and are now wondering, what’s next? With inflation concerns running rampant, many people are starting to look at the real estate asset class for answers. In this episode John and Michael Parise welcome back guests Steven Kantor … Continue reading Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part Two (Ep. 80) →
Real estate is an asset class that comes up in almost every single client meeting. And, while it is a must-have in any portfolio, real estate is a broad asset class that is changing and evolving generation by generation. In this episode John and Michael Parise welcome guests Steven Kantor and Michael Brown for part … Continue reading Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part One (Ep. 79) →
If you are a lover of high quality wines that don’t break the bank, this deep dive into the various wine regions of Spain is for you. In this episode, John and Michael Parise welcome back guest Tim O’Rourke to discuss the different wine regions of Spain, the complex history that has shaped the Spanish … Continue reading A Journey into the World of Spanish Wine with Tim O’Rourke (Ep. 78) →
2021 was a year full of ups and downs. Will 2022 be the same? In the latest episode, John and Michael Parise welcome back guest Paul Dietrich for part two of a two part series where we review the events of 2021, their impacts on the economy, and what 2022 may have in store. John, … Continue reading Distinguishing Between Market Noise and Market Impact with Paul Dietrich, Part 2 (Ep. 77) →
Have you been wondering what the rest of 2022 has in store for the stock market? Or how the pending Russian/Ukraine conflict, the Build Back Better Infrastructure Bill, or the ever-growing federal debt, might impact the market? In the latest episode, John and Michael Parise welcome back guest Paul Dietrich to discuss how you can … Continue reading Distinguishing Between Market Noise and Market Impact with Paul Dietrich (Ep. 76) →
When estate planning, one of the most difficult decisions is choosing the right trustee for your family. But it doesn’t have to be. In this episode, John and Michael Parise speak with David Warren, J.D., co-founder, and chairman of Bridgeford Trust Company about the challenges of picking the right trustee and/or trust company, and highlights … Continue reading How to Choose the Right Trustee with David Warren (Ep.75) →
Did you know that 87% of life insurance policies never pay a death claim? Are you aware of the options available to you within the settlement space? Life settlements are one of the lesser known planning tools available to those with life insurance policies that they wish to sell. In this episode, John and Michael … Continue reading 74. How to Turn Your Life Insurance into Life Settlement with Aaron Giroux →
Who is going to take care of you into your old age? Do you have your estate planning dealings worked out? In the first part of this two-parter miniseries, John and Michael introduced us to 10 concerns on the minds of their clients. In this episode, they continue the conversation focusing on long-term care planning, … Continue reading 73. 10 Concerns On The Minds of Our Clients — Part 2 →
Have you ever wondered what happens if you outlive your money? Is concern about inflation on your mind? Others in your situation are likely thinking about the same thing. In this multi-part series, John and Michael Parise cover 10 concerns on the minds of their clients. In this episode, John and Michael cover market volatility, … Continue reading 72. 10 Concerns On The Minds of Our Clients: Part 1 →
Precious metals like silver and gold can be seen as an investment, but they could also be viewed as a means for wealth preservation. In this episode, John and Michael Parise are once again joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy explains the opportunity of a generation that silver is, … Continue reading 71. Opportunities Available For Gold and Silver Investments With Andy Schectman →
Precious metals are more of an obscure asset class, but there is huge value in owning these assets as part of your overall portfolio. In this episode, John and Michael Parise are joined by Andy Schectman, CEO of Miles Franklin Precious Metal Investments. Andy lays out a brief history of the gold and silver industry, … Continue reading 70. The State of Gold and Silver As An Asset Class With Andy Schectman →
There may be changes to estate planning rules in the near future. If you’re a family that looks for advanced planning, you should be preparing for these changes regardless of whether or not they come to pass. In part two of this two-part series, John and Michael Parise look at potential estate planning changes that … Continue reading 69. Estate Planning Law Proposals You Should Be Thinking About →
There are currently tax law proposals being discussed in Congress that if passed, could have a major impact on taxes. In this episode, John and Michael Parise discuss the most recent tax law proposal put forth by Congress, specifically covering income tax provisions. They emphasize that these are just provisional changes and that they may … Continue reading 68. Income Tax Law Proposals You Should Be Thinking About →
There are a number of questions and concerns that clients ask for clarification about, from inflation, to proposed tax changes, how those will impact their accounts, and more. In this episode, John and Michael Parise have an open discussion about questions they regularly receive from their clients and aim to answer these frequently asked questions. … Continue reading 67. Concerns That Are Keeping Everyone Up At Night →
One of the more difficult challenges of estate planning is choosing the right trustee. In this episode, John and Michael Parise aim to help you gain a better understanding of the implications of choosing a trustee and what to consider when making this decision. They look at what makes choosing a trustee so difficult and … Continue reading 66. How To Pick The Right Trustee →
John and Michael are routinely asked about what’s going on with the markets, with the pandemic and what the expectations are with stocks and bonds and real estate. Today, they look to answer many of these questions. In this episode, John and Michael speak with Peter Andersen, CFA, of Anderson Capital Management. Peter provides some … Continue reading 65. What’s Going On With The Markets And Where Are We Heading? With Peter Andersen →
The potential of tax rates rising understandably has people concerned about their tax planning situations. In this episode, John and Michael are joined by Edward Gordon of Preservation Capital Partners. Ed runs a tax efficient program for private placement life insurance, and he’s here to explain everything about the program. Ed shares a real life … Continue reading 64. The World of Private Placement Life Insurance With Edward Gordon →
The pandemic has been tough on us all. Amy Jordan returns to share her experience over the past year with cervical cancer, and how her healthy lifestyle ultimately got her through it. In this episode, John and Michael Parise speak once again with Amy Jordan. Amy speaks more about the WundaBar experience, including details about … Continue reading 63. Living A Healthy Lifestyle With Pilates With Amy Jordan, Part Two →
Everything in your body is connected—you can’t exercise your body and eat poorly and expect top results. In this episode, John and Michael are joined by Amy Jordan, creator and CEO of WundaBar Pilates. Amy shares her wealth of knowledge about Pilates, how she got into it, and who helped her realize her vision of … Continue reading 62. Living A Healthy Lifestyle With Pilates With Amy Jordan, Part One →
A new provision in the SECURE Act requires children that inherit an IRA or a qualified plan to essentially withdraw those funds no later than 10 years after the date of death. How can you ensure that your child gains the most from their inheritance after you are gone? In part two of this series, … Continue reading 61. The Generational Impact Of The SECURE Act Part Two →
A recent provision to the SECURE Act could have major implications on how qualified plans, including your IRA, 401(k) and 403(b), are inherited by your children. It’s important that you understand the ramifications of this provision in order to protect your wealth. In this episode, John and Michael Parise discuss these new provisions of the … Continue reading 60. The Generational Impact Of The SECURE Act — Part One →
Do you have a succession plan in place for your family business? In this episode, Michael Parise shares his personal experience with succession planning as the second generation within his family business. He reveals the importance of communication between generations when developing your business succession plan, and how the expectations of each generation can shape … Continue reading 59. The Plan For Succession in the Family Business →
By now, you should be knowing that governance is all about helping families stay organized and guided within their business. But where can you get started? In the second part of this two-part series, John and Michael Parise are joined by returning guest, Blum & Savlov, LLP’s Jeff Savlov. This time, Jeff takes a deep … Continue reading Episode 58: Approaching Governance Planning – Part 2 – With Jeff Savlov →
Family governance refers to the structures and processes families use to organize themselves and guide their relationship with their enterprise. In the first part of this two-part series, Jeff Savlov, founder of Blum & Savlov, LLP joins John and Michael Parise to explain the family component of governance. Jeff highlights how families and their businesses … Continue reading Episode 57: Governance at an Enterprising Family Level – With Jeff Savlov →
The Copper Beech team is going back to the classics in this highlight reel episode! In this episode, John and Michael Parise revisit a series of episodes you must listen to in order to help you gain insight to overcome and solve potential concerns about your generational wealth planning. You will learn: The importance of … Continue reading Episode 56: The Ultimate Episode Guide You MUST Revisit and Listen To →
Annuities can be hugely beneficial for multi-generational planning, but how do you really go about doing that? What are the technical components of including annuities in your plan? In part two of this two-part series, Mike Harris, senior education advisor at the Alliance for Lifetime Income, once again sits down with John and Michael Parise … Continue reading Episode 55 – Case Studies: Annuities as Helpful Multi-Generational Planning Tools – Part 2 – With Michael R. Harris, CFP®, ChFC →
The Alliance For Lifetime Income’s Michael R. Harris is all about helping YOU address the risk of outliving your retirement income. In this episode, John and Michael Parise speak with Mike Harris to discover everything Mike has to say about annuities, and how to creatively use them within your income planning. You will learn: An … Continue reading Episode 54 – Annuities as a Helpful Income Planning Tool – With Michael R. Harris, CFP®, ChFC →
Strong leadership is crucial for generational wealth and business transfer. In this episode, John and Michael Parise sit down with their first client guest, CEO and president of American Asphalt Company, Robert Brown. Robert draws from his own business experience and journey to discuss the importance of sharing leadership values and training with the next … Continue reading Episode 53 – A Discussion on Business And Family Leadership – With Guest Robert Brown →
While Section 1031 of the Tax Code provides tax deferral solutions for the nation’s middle-class, it’s also a helpful tool for economic and job growth. In this episode, John and Michael Parise sit down with Gary Callahan, the senior vice president of Inland Securities Corporation. Today, Gary shares his expertise in the 1031 exchange arena. … Continue reading Episode 52 – A Deep Dive Into the 1031 Exchange – With Guest Gary Callahan →
Pennsylvania-based public insurance adjusters firm Clarke & Cohen is a 100-year family business that has already reached the fourth generation. In this episode, John and Michael Parise sit down with public adjuster and the firm’s CEO, Richard Cohen, SPPA. Today, Richard reviews his family and the business journey that’s closely related to the building and … Continue reading Episode 51 – Clarke & Cohen: Yet Another Successful Family Business – With Guest Richard Cohen, SPPA →
Are you in your family’s second or third generation, and interested in learning how to carry on your family’s wealth? In part two of this two part series, John and Michael Parise discuss different considerations second and third generations must have when handling their family’s wealth, highlighting the importance of effective communication and data organization. … Continue reading Episode 50 – How Future Generations Can Maintain Their Family’s 100-Year Vision – Part 2 →
There’s no greater satisfaction than knowing and seeing that the wealth you built is passing down through the generations correctly. Would you agree? In part one of this two-part mini-series, John and Michael Parise explain everything you need to know about correctly handling multigenerational wealth. They highlight the importance of being aligned on the family … Continue reading Episode 49 – Creating and Building a 100-Year Family Vision – Part 1 →
On this leg of our Wine Adventure, we take a look at the Italian region! In this episode, John and Michael Parise sit down with Tim O’Rourke to identify the wines that come out of Italy, what sets these wines apart from the rest and how you can choose an Italian wine that pairs with … Continue reading Episode 48 – A Trip Around Italy Examining Wine – With Guest Tim O’Rourke →
France is one of the world’s largest producers of wine, and is the source of many grape varieties such as Cabernet Sauvignon, Chardonnay, Sauvignon blanc, and Pinot noir. In this episode, John and Michael Parise sit down with wine investor Tim O’Rourke to examine what sets France apart as a producer of wine and how … Continue reading Episode 47 – A Deep Dive into The French Wine Industry – With Guest Tim O’Rourke →
To what extent have you involved and taught your family about risk calculation? In this episode, John and Michael Parise explain the importance of communicating and involving your family in wealth plan risk calculation. They highlight the different risks you and your family should ALWAYS consider when it comes to generational wealth planning. In this … Continue reading Episode 46 – Measuring Risk In A Family Wealth Plan →
In many cases, legacy letters are the main vessel for transferring financial assets down the generational line. In this episode, John and Michael Parise explain the importance of elaborating and involving your family in legacy letters, and highlight the different considerations you should have when you’re prepared to craft your own. In this episode, you … Continue reading Episode 45 – The Financial and Emotional Components of Legacy Letters →
Involving the next generation in your family business can be delicate, and it’s important to have a strategy for approaching the transition. In part two of this series, John and Michael Parise, along with guest Jeff Savlov, continue navigating the path of skill development and bringing the younger generation into the family businesses. In this … Continue reading Episode 44 – Bringing The Next Generation Into The Family Business – Part 2 — With Guest Jeff Savlov →
When is it the right time to start having financial conversations with your children? Today, John and Michael are joined by Jeff Savlov, founder of Blum & Savlov, LLP. Jeff shares his experiences with families educating their children on financial success. He explains why it’s better to begin having conversations regarding financial matters early in … Continue reading Episode 43 – Raising Children in the Context of Family Financial Success →
An intentionally defective grantor trust is an estate-planning tool used to freeze certain assets of an individual for estate-tax purposes. What makes 2020 the perfect time to take advantage of this type of trust? In this episode, John and Michael Parise dive right into the benefits of intentionally defective grantor trusts and why the best … Continue reading Episode 42 – Intentionally Defective Grantor Trust Planning in 2020 →
Special needs planning is critical for families in ensuring children and adults with special needs are protected. In this episode, John and Michael Parise speak with Michael Byrne, a partner at Lighthouse Planning Consultants. Mike addresses many of the misconceptions surrounding families with a dependent adult with special needs, like SSI eligibility and ABLE accounts. … Continue reading Episode 41 – Planning For Special Needs Adults – With Guest Mike Byrne →
Guardianship is a huge part of special needs planning, as it takes into account what happens to a child if the parents pass away. Finding the right person to care for a special needs child is not necessarily easy. John and Michael Parise explore the topic of special needs planning for families. John explains his … Continue reading Episode 40 – Special Needs Planning And The Issue Of Guardianship →
Collectible coins are an excellent way to build your investment portfolio, or they could be an asset you pass down to the next generation. John and Michael Parise speak with Keith Jacobsen, founder of the International Coin Alliance. Keith introduces us to the investment world of collectible coins, sharing some of his stories over his … Continue reading Episode 39 – The Alternative Investment World Of Collectible Coins – With Guest Keith Jacobsen →
Premium financing is a strategic way to build wealth over time, but it does come with its risks. In today’s episode of The Truth About Wealth Podcast, Michael is joined by Darren Sugiyama, author and Managing Partner for Lionsmark Capital. Darren examines premium financing, its benefits, the requirements needed to qualify, and more. In this … Continue reading Episode 38 – Premium Financing Of Life Insurance Policies – With Guest Darren Sugiyama →
At Copper Beech Financial Group, we typically establish long-term relationships with clients and families, but our platform isn’t necessarily the right fit for every family. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss a hypothetical example of an estate plan that did not work out and cover the various … Continue reading Episode 37 – When Planning Doesn’t Go as Planned →
What is a charitable lead annuity trust and how can it benefit taxpayers? In this episode of The Truth About Wealth Podcast, Michael Parise speaks with Derek Myron from Centura Wealth Advisory to discuss charitable lead annuity trust. Derek provides an extensive look into the trust and its tax benefits. In this episode, you will … Continue reading Episode 36 – Charitable Lead Annuity Trust – With Derek Myron →
Do you run a family business? How do you handle the daily challenges that may be unique to running a family business? In this episode of The Truth About Wealth Podcast, John & Michael Parise discuss all things family business: what it’s like to run a family business, how Copper Beech was started, the different … Continue reading Episode 35 – Managing Family Businesses →
Have you ever wondered how wine goes from the vineyard to your glass? Do you want to know if you’re storing your wine correctly for optimal flavor? In this episode, John and Michael Parise are joined by Tim O’Rourke, a wine investor with an impressive collection that was featured on the cover of Wine Spectator … Continue reading Episode 34 – Expand Your Wine Palette and Start Your Collection –– With Tim O’Rourke →
Having no business succession plan can be detrimental to family wealth. In this episode of The Truth About Wealth Podcast, John & Michael Parise begin a new series of case studies in which they examine the situation of a past client, discuss their specific needs, and the steps they took to create their plan. In … Continue reading Episode 33 – The Importance of Creating a Business Succession Plan →
Organizations are using impact investing to tackle social issues alongside a financial return. In this episode of The Truth About Wealth Podcast, John & Michael Parise sit down with guests Christopher Vroman and Dr. Laura Fenster Rothschild of Emmett Partners to discuss impact investing, and how organizations are transitioning to the practice. In this episode, … Continue reading Episode 32 – Impact Investing — with Christopher Vroman and Dr. Laura Fenster Rothchild →
Likely, when it comes to your wealth, you have some questions and concerns about longevity through generations. We’re here to help. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss common concerns they hear from families, and share how they approach these situations. In this episode, you will learn: How … Continue reading Episode 31 – Your Common Concerns Answered →
Family mission statements are one of the most important parts of our clients’ financial legacies. In this episode of The Truth About Wealth Podcast, John Parise tackles the subject of family mission statements, and why they are the key to your legacy. In this episode, you will learn: How the Copper Beech team approaches these … Continue reading Episode 30 – A Family Mission Statement is Key for Your Legacy →
Like most things in life, the economy fluctuates, and it can’t continuously be on an upswing. Paul Dietrich is back with part two of this mini-series for The Truth About Wealth Podcast about the realities of the economy and the potential of an upcoming recession. In this episode, you will learn: How international trade plays … Continue reading Episode 29 – A Recession on the Horizon with guest Paul Dietrich — Part 2 →
As much as you may want it to, the economy cannot be stable forever. Many experts are predicting an impending recession, potentially as soon as this year. In this episode of The Truth About Wealth Podcast, Michael Parise sits down with returning guest Paul Dietrich, Copper Beech’s chief investment strategist, to talk recessions, the indicators … Continue reading Episode 28 – A Recession on the Horizon — with guest Paul Dietrich →
Let’s face it — saving money in taxes is always going to be a major goal of financial planning. In this episode, John and Michael Parise discuss tax-saving measures you can take with your IRA, with special guest Mary Read, CPC, CPFA, QPA, and national director of pension and protection planning at Pentegra Retirement Services … Continue reading Episode 27 – Options to Reduce Your Taxes for Your IRA — With Mary Read, CPC, CPFA, QPA →
Is your estate plan private or public? Do you even know what type of plan you have? In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss estate plans, why they are typically in the public domain, and how to avoid a public process. In this episode, you will learn: Why … Continue reading Episode 26 – Is Your Estate Plan Public or Private? →
It’s possible that you’re familiar with estate equalization, even if you’ve never heard of it until now. In this episode of The Truth About Wealth Podcast, John and Michael Parise explain why it’s important to discuss estate equalization during your family meetings. This is a must-listen conversation for parents of blended families, business owners, and … Continue reading Episode 25 – What is Estate Equalization? →
For so many high-income families, charitable giving is an important part of their financial plan. But what does it mean to include charitable giving to help you meet your own financial goals? In this episode of The Truth About Wealth Podcast, John and Michael Parise share a case study about a family who included charitable … Continue reading Episode 24 – Case Study: Charitable Planning →
Changes to tax laws made in 2017 saw an increase in qualified opportunity zone funds, and these are starting to have an impact on our clients. In this episode of The Truth About Wealth Podcast, John and Michael Parise speak with Brandon Hughes of Peachtree Hotel Group about qualified opportunity zone funds and how they … Continue reading Episode 23 – Qualified Opportunity Zone Funds Updates — With Brandon Hughes →
When it comes to buying and selling, it’s critical that you understand the difference between public and privately held companies. While there is a readily available market for public ownership, buying and selling within a private partnership or company can be a bit more complicated. In this episode of The Truth About Wealth Podcast, John … Continue reading Episode 22 – Buy-Sell Agreements Can Save You Millions →
Exit planning is a major part of owning a business. And for many business owners, creating a plan that helps them do good by rewarding the employees that have helped them become successful is incredibly attractive. Today, John and Michael Parise welcome Rick Jaye of Business Transition Advisors to explore the world of ESOPs. Rick … Continue reading Episode 21 — Doing Well By Doing Good With ESOPs — With Rick Jaye, AIF®, CRC® →
There are many reasons to include philanthropic practices in your family’s overall financial plan. In this episode, John and Michael Parise discuss the basics of philanthropic planning for families, including how families can work together to choose charities and how this plan should fit into your generational wealth strategy. In this episode, you will learn: … Continue reading Episode 20 – Turn Your Philanthropy Into a Generational Project →
When you consider what your assets are, you might think of belongings such as your car, house, technology, and other valuable possessions. But did you know that your life insurance policy is also an asset? In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss life insurance and how you can … Continue reading Episode 19 – Life Insurance as an Asset Class →
Unless you’ve been living under a rock, you know that China and the U.S. are in the midst of trade negotiations. In this episode of The Truth About Wealth Podcast, Paul Dietrich returns to finish the market discussion with John and Michael Parise. Listen in as Paul shares his insights on the agreement — or … Continue reading Episode 18 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 2 →
In today’s economic landscape, it is important to hear from the experts. In this episode of The Truth About Wealth Podcast, John and Michael Parise sit down with Paul Dietrich, Copper Beech’s chief economic analyst and CEO and CIO of Fairfax Global Markets LLC, to discuss the state of the market and what’s to come … Continue reading Episode 17 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 1 →
In this episode of The Truth About Wealth Podcast, guest Mark Sims returns to answer more questions about private insurance structure, including how they function across the United States and Puerto Rico. In this episode, you will learn: The top 10 most popular risks that individuals insure themselves against Reasons for using private insurance structure … Continue reading Episode 16 – Private Insurance Structure — With Guest Mark Sims: Part 2 →
Risk management is key, both on the business side and on the personal finance side. In this episode, John and Michael Parise sit down with guest Mark Sims. Mark discusses his work at Captive Alternatives, specifically his expertise in risk management with private insurance structure within the family office structure. In this episode, you will … Continue reading Episode 15 – Private Insurance Structure — With Mark Sims: Part 1 →
For high-income families, estate planning is a critical part of planning for their financial future. However, sometimes the logistics of estate planning can get complicated. In this episode of The Truth About Wealth Podcast, Michael Parise shares his legal expertise with 10 strategies and ideas for estate planning. In this episode, you will learn: The … Continue reading Episode 14 – 10 Strategies for Estate Planning →
Trusts can be highly beneficial tools for generating and conserving wealth through multiple generations. However, it’s common for individuals and families to have objections to establishing trusts. In this second part of a two-part series, John and Michael Parise explain — and debunk — some of those common objections and share their expertise on the … Continue reading Episode 13 – 7 Common Objections to Trusts: Part 2 →
Trusts are the backbone of estate plans, and yet many families are objecting to having one. What’s going on? Too often, families believe misconceptions about trusts or feel too intimidated. In this episode, John and Michael Parise explain how they help families overcome seven common objections and discover the truth about trusts. In this episode, … Continue reading Episode 12 – 7 Common Objections to Trusts: Part 1 →
A strong team is the backbone of a business. Without cohesive teamwork, a business cannot and will not be successful. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss the importance of “aligning your tribe”: working with your family and partners to accomplish the shared goal of building and managing … Continue reading Episode 11 – Align Your Tribe →
Do you know what your net rate of return is on your investment portfolio? How much money are you actually taking home at the end of the day? In this episode, John and Michael Parise discuss the importance of understanding that it’s not about what you make, it’s about what you keep. In this episode, … Continue reading Episode 10 – It’s Not What You Make, It’s What You Keep →
In a highly competitive job market, retaining high-level executives can be a challenge for privately held companies. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss ways that companies can offer their top executives competitive benefits for continued service. In this episode, you will learn: The importance of having a … Continue reading Episode 9 – How to Keep Top Management in a Competitive Job Market →
To building lasting wealth, it’s essential for families to hold multigenerational meetings that cultivate honesty and transparency. In this episode, John and Michael Parise discuss the importance of family meetings as part of their process at Copper Beech Financial Group. In this episode, you will learn: How family meetings can help to prevent loss of … Continue reading Episode 8 – The Importance of Family Meetings →
So far, father-son duo John and Michael Parise have discussed many specific topics about generational wealth planning. Today, they’re taking a different approach. In this episode of The Truth About Wealth Podcast, John and Michael share a case study that gives you a full start-to-finish picture of how they help families with their planning. In … Continue reading Episode 7 – The Copper Beech Process Case Study →
Are your assets protected? This question is highly relevant to high-net-worth families and individuals, and it involves delving into emotional topics. In the second part of their mini-series, John and Michael Parise guide you with compassion and expertise through the final three asset protection risks and how to avoid them. In this episode, you will … Continue reading Episode 6 – Using Trusts to Avoid Asset Protection Risks: Part 2 →
It’s imperative that high-income families take steps to protect their assets. In this episode, John and Michael Parise explain how they help clients avoid four asset protection risks, starting with potential lawsuits. It’s time for Juris Doctor Michael to share how he puts his law degree to work at Copper Beech Financial Group. In this … Continue reading Episode 5 – Using Trusts to Avoid Asset Protection Risks: Part 1 →
If something were to happen to you tomorrow, what would happen to your business? This is the first question in John and Michael Parise’s insightful and action-prompting white paper, 10 Eye-Opening Questions to Protect Your Wealth. Today, they explain why this is one of the most important questions you can ask yourself as a business … Continue reading Episode 4 – 10 Eye-Opening Questions to Protect Your Wealth: Part 1 →
When you hear “finance” and “audit” in the same sentence, you might feel your stomach flip. But fear not. Copper Beech Financial Group’s audit process is a very positive tool that can be used to determine the next steps in a client’s wealth journey. In this episode, you will learn: About the steps of the … Continue reading Episode 3 – Audits Don’t Need to Be Scary →
Copper Beech Financial Group provides a specialized service for their clients. Specifically, they take on the role of ‘family CFO’ to provide multi-generational financial planning for high-income families. In this episode, you will hear about the discovery process for prospective clients at Copper Beech Financial Group, and the ins and outs of the ‘family office … Continue reading Episode 2 – Copper Beech is a Family Office →
In this inaugural episode of The Truth About Wealth Podcast, you’ll meet John and Michael Parise of Copper Beech Financial Group. This father-son duo works with families in the southern New Jersey-Philadelphia area, offering them supports in their generational financial planning. In this episode you will learn: How John Parise got his start in finance … Continue reading Episode 1 – Meet John and Michael Parise of Copper Beech Financial Group →