Live Life Liberated: Recent Episodes
Jonathan Freeman
Welcome to the Live Life Liberated Podcast. In this podcast, the team at Centura Wealth Advisory shares stories, smart techniques and insights for those individuals and families who have not yet been exposed to innovative tax planning strategies that help build and protect their wealth. We help our clients take their wealth from complex to elegant and from burdened to liberated. Join us as we explore strategies drawn from years of experience, research, and innovation, to solve your seen and unseen wealth management hurdles.
With tax laws on the brink of change, how can high-net-worth families not only protect their wealth but maximize their tax efficiency?
This week on Live Life Liberated, Kyle Malmstrom, Managing Director at Centura Wealth Advisory, and Adam Buchwalter, Partner at Wilson Elser, deliver a powerful, must-hear breakdown of the critical differences between grantor and non-grantor trusts—and how each could be a key tool to elevate and optimize your estate plan.
Tune in as they explore the potential impact of upcoming legislation on grantor trusts, revealing why right now is the perfect moment to take action and lock in benefits before it’s too late.
Talking points include:
- The difference between grantor trusts, where the grantor pays the taxes, and non-grantor trusts, which file their own returns and face higher tax rates
- How grantor trusts help assets grow tax-efficiently, and how non-grantor trusts can lower state income taxes by being set up in low-tax states like Nevada or Delaware
- Why proposed laws, like Senator Warren’s bill, could change the benefits of grantor trusts—and why it’s critical to act quickly
- How states like New York and California tax trusts differently, and strategies to avoid high state taxes with proper trust planning
- Why working with professionals is key to navigating the complex rules and keeping your wealth safe for the future
- And much more!
Connect with Derek Myron:
- dmyron@centurawealth.com
- LinkedIn: Derek Myron
Connect with Kyle Malmstrom:
- LinkedIn: Kyle Malmstrom
- Centura Wealth Advisory
- (858) 771-9500
- kmalmstrom@centurawealth.com
Connect with Adam Buchwalter:
- LinkedIn: Adam Buchwalter
- LinkedIn: Wilson Elser
- Wilson Esler
- 973-735-5784
- adam.buchwalter@wilsonelser.com
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
What does it take for ultra-high-net-worth families to turn their wealth into a lasting legacy?
At Centura Wealth Advisory, it all starts with a deep understanding of where our clients are being underserved.
Wealth strategists Derek Myron and Sean Clark examine how Centura’s service model is crafted for those with an income of $2 million and assets over $20 million. They discuss their approach to working with C-level executives and founder-led business owners, optimizing each financial strategy intentionally with their long-term goals.
From Centura’s unique Liberated Wealth Planning Process—aimed at delivering a 5X return on costs through tax mitigation and balance sheet optimization—to their ‘Goldilocks’ strategy that balances personalized care with exclusive alternative investment opportunities, they reveal how Centura builds trust and maximizes outcomes for its clients.
Talking points include:
- Centura’s specialized approach to business owners based on their timelines for selling their companies
- How the Liberated Wealth Process aims to provide exponential value through strategic tax and investment planning
- The importance of transparency in Centura’s client engagement—from initial meetings to comprehensive reporting
- The seamless integration of planning and investment strategies tailored to optimize estate and retirement accounts
- The ‘Goldilocks’ firm philosophy—small enough for personalized services but large enough to access meaningful opportunities
- And a closer look into how Centura prioritizes client needs to build long-term trust
- And much more!
Connect with Derek Myron:
- dmyron@centurawealth.com
- LinkedIn: Derek Myron
Connect with Sean Clark:
- LinkedIn: Sean Clark
- Centura Wealth Advisory
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
What’s the secret to cultivating a workplace where people are empowered, engaged, and driven to succeed?
At Centura Wealth Advisory, it all starts with a commitment to core values and a leadership approach rooted in trust and open communication.
Krystal Puryear, Director of People and Culture, and Nicole Hubbs, Talent Acquisition Specialist, share how Centura has built a thriving culture by focusing on transparency, excellence, integrity, passion, and respect.
From using Radical Candor to foster trust and autonomy to creating opportunities for employee growth and innovation, this conversation provides valuable insights for any business leader or HR professional looking to strengthen their organizational culture.
Talking points include:
- How Centura’s core values shape a thriving, engaging work environment
- The power of Radical Candor and executive coaching in fostering leadership growth
- How open communication and social events strengthen relationships and build trust within the team
- The keys to identifying and hiring talent that aligns with company values and culture
- Encouraging employee autonomy to foster innovation and a sense of ownership
- The Diamond Team model’s role in enhancing collaboration, knowledge sharing, and career development
- Upcoming team events and celebrations that reinforce employee engagement and appreciation
- And more!
Connect with Krystal Puryear:
- LinkedIn: Krystal Puryear, SHRM-CP
- Centura Wealth Advisory
Connect with Nicole Hubbs:
- LinkedIn: Nicole Hubbs
- Centura Wealth Advisory
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Are you fully capitalizing on your business’s financial strategy? If not, you could be missing out on critical growth opportunities and tax savings.
Let’s celebrate 100 episodes of Live Life Liberated with a value-packed discussion!
This week, host Derek Myron interviews Jonny Borok, a highly experienced fractional CFO, about how these experts help business owners achieve their investment and estate planning goals with greater precision.
Their conversation reveals the unique advantages of hiring a fractional CFO, the importance of cross-disciplinary collaboration among advisory teams, and why a unified financial strategy is vital for sustained success.
Whether you’re steering a business with $5 million or more in revenue or seeking to fine-tune your financial approach, this release offers invaluable insights that could revolutionize your financial planning!
Talking points include:
- The distinct advantages of a fractional CFO for strategic oversight and solving complex financial challenges
- The enhanced insights a fractional CFO brings from working across multiple industries and clients
- The crucial impact of effective collaboration between wealth managers, tax strategists, legal experts, and accountants
- Identifying businesses that stand to benefit most from fractional CFO services, with a focus on strong accounting foundations
- The essential role of accurate financial reporting in tax planning and how to establish reliable reporting systems
- The pitfalls of working in silos and the need for continuous coordination among your advisory team
- Practical guidance on when to consider a fractional CFO for improving financial reporting, cash flow, and tax strategy
- And much more!
Connect with Jonny Borok:
- Email: jborok@jangcfo.com
- Direct: (858) 336-5907
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:Jonny Borok has over 25 years of experience as a CFO for primarily San Diego-based, privately held mid-market companies. He has had responsibility for the full range of accounting and finance functions including insurance and tax matters.
Could your business be missing out on thousands in tax savings right now?
In this episode of Live Life Liberated, Greg Klipstein and Samantha Lawrence uncover the Qualified Business Income (QBI) deduction — a powerful yet often overlooked tax benefit designed to help small businesses reduce their tax burden. Despite its potential, many business owners miss out on this opportunity due to inadequate planning or advisory support.
Whether you’re a small business owner or someone responsible for managing your company’s finances, this conversation is packed with actionable insights to help you optimize your tax strategy and keep more of your hard-earned money.
Talking points include:
- Understanding the QBI deduction and its role in reducing tax burdens for small businesses
- Common reasons why the QBI deduction is missed, including improper company structure and poor communication with advisory teams
- The essential role of proactive and well-coordinated advisory teams in ensuring the deduction is utilized effectively
- How to correct missed QBI deductions in current & prior tax years and the value of addressing these issues promptly
- Broader implications of missing the QBI deduction, such as overlooked retirement planning opportunities and other tax-saving strategies
- Evaluating whether it’s time to replace your advisory team to better manage complex financial needs
- And more!
Connect with Samantha Lawrence:
- LinkedIn: Samantha Lawrence, CFP®
- Centura Wealth Advisory
Connect with Greg W. Klipstein:
- LinkedIn: Greg W. Klipstein / JD, LL.M, CFP
- Centura Wealth Advisory
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Curious about why multifamily real estate stands out as a resilient and potentially lucrative investment?
Join Chris Osmond, CFA, CAIA®, CFP®, Chief Investment Officer at Centura Wealth Advisory, as he sits down with Rob Ireland, Managing Director at Continental Realty Assets (CRA). Together, they explore the impact of multifamily real estate, uncovering its multitude of benefits, strategic approaches, and current market trends.
Learn how Centura’s strategic partnership with CRA is designed to deliver exceptional investment outcomes and redefine your wealth management strategy!
Talking points include:
- Reducing or deferring taxes through strategic investments
- The consistency and tax advantages of multifamily real estate
- The impact of the housing crisis and high financing costs on new housing
- Long-term demand for multifamily housing due to supply constraints
- The importance of alignment between Centura and investment partners
- And more!
Connect with Chris Osmond:
- LinkedIn: Chris Osmond
Connect with Robert Ireland:
- LinkedIn: Robert Ireland
- Continental Realty Group
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Robert Ireland joined CRA in 2007 and served in various acquisition, research, and asset management roles until 2014 when he was appointed as CRA’s Director of Acquisitions. During his tenure at CRA, Robert has played a key role in identifying, negotiating, and closing more than $600MM in multifamily acquisitions across the country. As Director of Acquisitions, Robert is responsible for leading CRA’s acquisitions, due diligence, and research teams to identify markets that meet CRA’s investment criteria, uncover dislocations of value, conduct financial analysis, set accretive business plans, and negotiate and close transactions. Robert is also focused on building and fostering relationships with CRA’s various family offices and individual and institutional capital partners.
After graduating from Colorado State University in 2006 with a degree in Finance and Real Estate, Robert’s career has been focused on the multifamily industry, with experience in both brokerage and acquisitions. He resides in Denver with his wife and two sons and is an avid fly fisherman.
Coming from a humble background, Charlie Neer experienced financial turmoil early in his life.
But over the years, he has found success in multiple senior executive positions at various organizations — currently as Chief Revenue Officer (US) at MiQ.
Two years ago, Charlie became a client of Centura Wealth Advisory (Centura).
In this episode, Centura’s Managing Director Derek Myron interviews Charlie, who candidly shares his client experience, pivotal moments during the journey, and how his wealth management has become better aligned with his purpose.
Derek and Charlie discuss:
- What prompted Charlie to finally seek professional financial guidance
- Centura’s comprehensive Liberated Wealth® process
- How Centura helps coordinate all aspects of wealth management (investments, estate planning, tax planning, etc.)
- Charlie’s advice to other high-net-worth individuals
- And more
Connect with Derek Myron:
- dmyron@centurawealth.com
- LinkedIn: Derek Myron
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.
Most business owners, when asked about their timeline for exiting their business, often say it will take five years.
When you ask the same question again next year, guess what they say? Five years!
Without proper guidance and planning, you may be tempted to kick the can down the road until it’s too late.
Listen in as Zoe Singh, CFP®, Wealth Advisor at Centura Wealth Advisory, and Andrea Steinbrenner, CEO of Exit Consulting Group, share the process for an effective business exit so you can be ever-ready to transition smoothly into the next chapter of your life.
Zoe and Andrea discuss:
- The ideal time to start your exit planning for significant tax benefits
- The three stages of exit readiness
- Latest market trends affecting the M&A space (especially private equity)
- The sales process and timeline from initial business valuation to the final transaction
- How do internal sales (family members, partners, key employees, etc.) differ from external sales (strategic buyer, PE firm, etc.)
- And more
Connect with Zoe Singh:
- LinkedIn: Zoe Singh
Connect with Andrea Steinbrenner:
- LinkedIn: Andrea Steinbrenner
- Exit Consulting Group
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Andrea Steinbrenner is the Chief Executive Officer at Exit Consulting Group, Inc. (ECG). An experienced, versatile executive who has worked across a multitude of industries throughout her career, Andrea’s objective is to leave businesses better than she finds them and works hard to provide her clients and companies with the best possible outcome.
Andrea began her career in the Midwest, working her way up the managerial ladder in the retail industry. After marrying a naval officer, she attended San Diego State University and earned a Bachelor’s in accounting. She then worked for TGG Accounting, a mid-sized, outsourced accounting firm. And quickly rose through the ranks to become a fractional CFO working in a number of industries, including construction, manufacturing, retail, professional services, financial services, cannabis, hospitality, franchises, and e-commerce sectors, among others.
Deciding to take her career in a slightly different direction, Andrea became the VP of Operations and grew the company from less than 100 clients to over 250. After receiving an EMBA, Andrea left her position and started Canopy Consulting, a business consulting firm. She was referred to Exit Consulting Group (ECG) as a consultant in 2019 and is transitioning to CEO in October 2022.
Alternative investments may offer significant opportunities for superior risk-adjusted returns and portfolio diversification.
Yet, many investors find their portfolios thin of these investments.
In this episode, Centura Wealth Advisory’s Chief Investment Officer, Chris Osmond, CFA, CAIA®, CFP®, talks about the world of alternative investments and their critical role in a high-net-worth portfolio. Tune in and learn how Centura Wealth Advisory (Centura) approaches alternatives based on its overarching investment philosophy.
Chris discusses:
- Understanding the role of alternative asset classes in a diversified portfolio
- The “core-satellite” strategy to navigate alternative investments in a risk-controlled manner
- Centura’s comprehensive due diligence process
- Where Centura adds significant value compared to competitors
- And more
Connect with Chris Osmond:
- LinkedIn: Chris Osmond
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Some states (like California, New Jersey, and New York) charge significant capital gains taxes.
However, there are 8 states that have zero capital gains tax!
This disparity creates some tax planning opportunities for people living in highly taxed states.
Tune in to Derek Myron’s conversation with Adam Buchwalter, Partner at Wilson Elser, about effective tax-saving strategies for high-net-worth individuals, founder-led business owners, and C-level executives who want to reduce their capital gains taxes from a large liquidity event.
Adam and Derek discuss:
- The benefits of setting up a non-grantor trust in a state with lower tax rates
- ING Strategies and their tax implications
- Why the same strategy may not work in New York or California (and what to do instead)
- Tax advantages of QTIP Trusts
- And more
Resources:
- Episode 11 – WINGs, NINGs, DINGs and Other Things – with Mark Morris Of Levitzacks
Connect with Adam Buchwalter:
- (973) 735-5784
- adam.buchwalter@wilsonelser.com
- LinkedIn: Adam Buchwalter
- Wilson Elser
Connect with Derek Myron:
- dmyron@centurawealth.com
- LinkedIn: Derek Myron
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Adam Buchwalter is engaged in the practice of estate and tax planning, including developing strategies for limiting estate and income taxes, providing for a disabled child, selecting fiduciaries to manage one’s affairs, and setting up ancillary documents including powers of attorney and advance directives for health care. Adam’s practice also deals with all aspects of estate administration, from probate and gathering assets to preparing estate tax returns and distributing assets to the estate’s beneficiaries.
Are you ready to dive into the world of proactive and comprehensive wealth management designed to help ultra-high-net-worth individuals achieve exponential results?
In this episode, Sean Clark speaks with Derek Myron, founder, CEO, and managing director of Centura Wealth Advisory (Centura), about the innovative Liberated Wealth® process. Discover the five-step journey Centura’s clients embark on, from uncovering their goals to designing personalized strategies, implementing solutions, and ongoing stewardship to ensure continued success.
Sean and Derek discuss:
- Sophisticated planning for founder-led business owners and C-level executives
- Differentiating “above-the-line” planning for exponential results
- The importance of ongoing stewardship and annual review processes
- How Centura delivers a white glove treatment at every step
- Centura’s collaborative approach and referral system for advisors and other professionals
- And more
Resources:
- Liberated Wealth® Process
- Elite Advisor Collaboration Program (EACP)
Connect with Sean Clark:
- sclark@centurawealth.com
- LinkedIn: Sean Clark
Connect with Derek Myron:
- dmyron@centurawealth.com
- LinkedIn: Derek Myron
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Business owners with a lot of surplus cash flow often want to put it away in a qualified plan and defer taxes. The problem is that they might feel restricted by the contribution limits.
However, there is a way to set up a qualified plan and potentially contribute millions of dollars.
To learn more about this strategy, join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, as they explain how to design such qualified plans, the types of businesses they are suited for, and any caveats to look out for.
Sean and Chris discuss:
- The difference between defined contribution and defined benefit plans
- A brief overview of how contribution limits are determined
- How the plan works from setup to maintenance to termination (especially when a business is sold)
- How to defer more money than conventional retirement savings plans (e.g., 401k, SEP IRA, etc)
- The benefits of integrating life insurance into your qualified plan
- And more
Connect with Sean Clark:
- sclark@centurawealth.com
- LinkedIn: Sean Clark
Connect with Christopher Hyman:
- chyman@centurawealth.com
- LinkedIn: Christopher Hyman
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Life insurance is often only viewed as a way to get a death benefit.
But if you look beyond its conventional definition, you’ll see how life insurance has several use cases in tax planning, wealth transfer, and as an alternative investment!
Join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, for an enlightening conversation about the role of life insurance in comprehensive wealth management — especially for high-net-worth individuals.
Sean and Chris discuss:
- How life insurance provides the much-needed liquidity to pay off estate taxes
- Life insurance as an alternative asset class
- Four tax advantages of life insurance
- How business owners can effectively utilize insurance in risk management, exit planning, and other scenarios
- A rapid-fire Q&A session about insurance
- And more
Connect with Sean Clark:
- sclark@centurawealth.com
- LinkedIn: Sean Clark
Connect with Christopher Hyman:
- chyman@centurawealth.com
- LinkedIn: Christopher Hyman
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
In 2017, the Tax Cuts and Jobs Act (TCJA) introduced some significant changes to tax laws, both on the income and estate side.
Now, as we approach its expiration on December 31st, 2025, it is important to plan for the looming tax changes!
Join our senior wealth advisors Matt Griffith, CFP®, and Roby Kotcamp, CFP®, as they unpack the potential tax changes and their implications for high-net-worth individuals and business owners.
Matt and Roby discuss:
- How income tax rates and deductions might be affected
- Expected changes in the lifetime exemption for estate and gift tax
- Strategies that may help you take maximum advantage of the prevailing tax laws
- Why you should act now instead of waiting until 2025
- And more
Resources:
- Investing Amidst Uncertainty: A 2024 Election Discussion with Michael Townsend (Ep. 87)
Connect with Matt Griffith:
- mgriffith@centurawealth.com
- LinkedIn: Matt Griffith
Connect with Roby Kotcamp:
- rkotcamp@centurawealth.com
- LinkedIn: Roby Kotcamp
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
The once-generous estate and gift tax exemptions set by the Tax Cuts and Jobs Act (TCJA) are due to sunset on December 31, 2025.
Is your estate plan ready for the challenge?
In this episode, Kyle Malmstrom, Managing Director, and Christopher Hyman, Director of Insurance Solutions, refer to strategies to reduce the estate tax liability that may significantly increase for many high-net-worth families after the TCJA expires.
Kyle and Chris discuss:
- A brief overview of how exemption limits have changed over the years
- The importance of creating liquidity well before the transfer of estate (especially for business and real estate owners)
- Tax and liquidity benefits of an irrevocable life insurance trust (ILIT)
- Why you should seek expert guidance in estate planning and structuring any trusts
- And more
Connect with Kyle Malmstrom:
- kmalmstrom@centurawealth.com
- LinkedIn: Kyle Malmstrom
Connect with Christopher Hyman:
- chyman@centurawealth.com
- LinkedIn: Christopher Hyman
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
As the financial services industry moved to a fee-based model, many firms started to ‘bundle’ their services. For example, investment management may be bundled with financial planning.
But are clients really getting maximum value from bundled services?
In this episode, Derek Myron, CFP®, Managing Director, and Sean Clark, Director of Financial Planning, explore the benefits of unbundling financial services, especially for high-net-worth individuals and founder-led business owners.
Derek and Sean discuss:
- The evolution of financial services toward fee-based RIAs
- The distinction between “above the line” and “below the line” services
- The value of income tax planning, wealth transfer planning, and balance sheet optimization
- What to do if you feel you’re underserved (or need help finding a new professional)
- Helpful advice for business owners considering selling their business
- And more
Resources:
- “Above-The-Line” Financial Planning: How To Move The Needle On Your Wealth Management Services (Ep. 66)
Connect with Derek Myron:
- dmyron@centurawealth.com
- LinkedIn: Derek Myron
Connect with Sean Clark:
- sclark@centurawealth.com
- LinkedIn: Sean Clark
Connect with Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Are you worried about the impact of the 2024 election on the markets and your investments?
Especially when geopolitical tensions, the uncertainty of tax law changes, the ousting of the Speaker of the House, and the threat of a government shutdown are adding to the stress?
In this episode, Matt Griffith, CFP®, Senior Wealth Advisor, and Chris Osmond, CFA, CAIA®, CFP®, Chief Investment Officer, speak with Michael Townsend, Managing Director, Legislative and Regulatory Affairs at Charles Schwab & Company. Join them as they explore potential market implications of the upcoming U.S. presidential elections.
Michael discusses:
- An overview of the current political landscape
- The ongoing speculation of Biden, Trump, or both dropping out
- Potential implications of a divided government and/or a split Congress
- How markets have historically performed before and after elections
- The importance of cutting through the noise (and emotions) and focusing on long-term goals
- And more
Connect with Michael Townsend:
- WashingtonWise Podcast Hosted by Mike Townsend
- X (Twitter): Michael Townsend
Connect with Chris Osmond:
- LinkedIn: Chris Osmond
Connect with Matt Griffith:
- LinkedIn: Matt Griffith
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Michael is Schwab’s Washington-based political analyst. With more than 30 years of Washington experience, he analyzes legislative, regulatory, and political developments to determine how they would affect individual investors, retirement plan participants, and investment advisers.
Michael is the host of Schwab’s WashingtonWise podcast, which explores the intersection between policy, politics, the markets, and the economy. He is a featured speaker at dozens of employee, client, adviser, and industry events each year, where he discusses the impact of the political and policy environment in Washington on investors and the capital markets.
Prior to joining Schwab in 2000, Michael worked at Powell Tate, Inc., a Washington, D.C., public affairs firm, and previously worked for two U.S. senators from Maine. He holds an M.A. in English from George Mason University and a B.A. in English from Bowdoin College.
With companies shifting to a hybrid work environment, it has become challenging to maintain a strong corporate culture, attract top talent, and build high-performing teams.
In this episode, Derek Myron, CEO, and Jonathan Freeman, COO, share actionable ideas to build a thriving corporate culture. They tap into best practices that have helped Centura Wealth Advisory (Centura) enhance communication, foster trust, and improve team morale.
Derek and Jonathan discuss:
- The challenges of expanding a team across the country
- Centura’s tried-and-tested team building ideas (Waffle Wednesdays, the 48-hour rule, and more!)
- How to improve communication and trust at every level of the organization
- What it takes to become an employer of choice
- And more
Resources:
- The Simon Leadership Alliance
- “High Performance Habits: How Extraordinary People Become That Way” by Brendon Burchard
- “The Five Dysfunctions of a Team: A Leadership Fable” by Patrick Lencioni
Connect with Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Jonathan Freeman:
- Email: Jonathan Freeman
- LinkedIn: Jonathan Freeman
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
As your wealth grows, your financial planning needs become significantly more complex.
At Centura Wealth Advisory (Centura), we specialize in serving high-net-worth and ultra-high-net-worth individuals, helping them lighten the burdens of wealth!
In this episode, Kyle Malmstrom and Sean Clark, MBA, talk about Centura’s Liberated Wealth® process, including an overview of our sophisticated wealth management and tax planning strategies.
Kyle and Sean discuss:
- Why Centura differs from other wealth management firms
- How to move the needle with above-the-line planning (income tax, wealth transfer, and balance sheet optimization)
- Centura’s rigorous due diligence process
- How Centura taps into 50+ planning strategies to find the right solution for clients
- And more
Resources:
- Liberated Wealth® Process
- “Above-The-Line” Financial Planning: How To Move The Needle On Your Wealth Management Services (Ep. 66)
Connect with Kyle Malmstrom:
- Email: Kyle Malmstrom
- LinkedIn: Kyle Malmstrom
Connect With Sean Clark:
- Email: Sean Clark
- LinkedIn: Sean Clark
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Advisors, are you seeking the secret to delivering unparalleled value to your high-net-worth clients? In a world where wealth advisory excellence is defined by innovation and collaboration, you might want to explore the power of joint casework. In this episode, Samantha Lawrence, CFP®, Associate Advisor, interviews Gregg Gottlieb, CFP®, co-founder of Regal Wealth Advisors, about …
There is a wide disparity in tax rates between U.S. states. For example, the top tax rate in California is 13.3%, while South Dakota has 0% state tax on trusts!
However, if you live in a high-income-tax state, you can still benefit from lower tax rates without moving physically.
In this episode, Kyle Malmstrom, Managing Director, and Roby Kotcamp, CFP®, Senior Wealth Advisor, explain how to use an Incomplete Non-Grantor (ING) Trust to minimize state income taxes.
Kyle and Roby discuss:
- Types of assets suitable for an ING Trust
- The correct sequence of steps to ensure the ING Trust is set up properly
- An example showcasing the practical application and scope of an ING Trust
- Potential pitfalls of the ING Trust strategy
- Alternative strategies for states where an ING Trust is not possible (E.g., California)
- And more
Resources:
- Blog: “ING Trusts: Control Your Assets and Minimize Income and Estate Taxes”
- Centura Wealth Income Tax Strategies Webinar Series
Connect with Kyle Malmstrom:
- Email: Kyle Malmstrom
- LinkedIn: Kyle Malmstrom
Connect With Roby Kotcamp:
- Email: Roby Kotcamp
- LinkedIn: Roby Kotcamp
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
While passing on your wealth to future generations, you might want to make it as estate tax-efficient as possible. If your estate amount exceeds the estate tax exemption limit, a Qualified Personal Residence Trust (QPRT) might be for you. In this episode, Seth Meisler, CFA, CFP®, CPA/PFS, MBA, Senior Wealth Advisor, and Samantha Lawrence, CFP®, … Continue reading The QPRT Strategy: How to Reduce Estate and Gift Taxes (Ep. 82) →
High-net-worth and ultra-high-net-worth individuals are often focused on protecting and growing their wealth while minimizing taxes. However, not all of their assets generate “tax-efficient” income. This is where private placement life insurance (PPLI) can come into play. In this episode, Derek Myron interviews Christopher Hyman, Director of Insurance Solutions at Centura Wealth Advisory. They explain … Continue reading How to Achieve Tax Efficiency With Private Placement Life Insurance With Christopher Hyman (Ep. 81) →
Are you thinking about selling your business? Do you feel overwhelmed and unsure about the process? In this episode, Derek Myron interviews Donovan Weber, who recently sold his business to an international conglomerate. Donovan shares the planning process he went through at Centura Wealth Advisory (Centura) before and after selling his business, the things he … Continue reading Centura Client Experience from the View of a Retired Business Owner (Ep. 80) →
With its young population, strong tailwinds, and supportive political regime, India might be the next bright spot for investors. In this episode, Chris Osmond, Chief Investment Officer speaks with Manu Rikhye, partner at GrowX Venture Management and Merak Ventures, about the Indian investment landscape and how to navigate the risks. Join them to learn about … Continue reading Private Equity Investment Opportunities in India (2023 Edition) With Manu Rikhye (Ep. 79) →
The sale of a business represents not only the culmination of years of hard work and dedication but also a unique opportunity to amass considerable wealth. With so much at stake, having a specialized wealth management team in your corner can make a significant difference! In this episode, Derek Myron speaks with Jimmy Page, who … Continue reading Centura Client Experience: Exiting a Business (Ep. 78) →
Are you a business owner or high-income executive concerned about recent changes in the economic, political, and tax environment? In this episode, Kyle Malmstrom and Matt Griffith, CFP®, cover a range of topics, including ways to prepare for a huge liquidity event, tax planning, investment considerations during high interest rates, and an overview of our … Continue reading Preparing for Change: How to Adapt to Economic and Tax Legislation Shifts (Ep. 77) →
Krista Schmitt, a retired CPA, has spent nearly 30 years working for a Fortune-500 company in the area of accounting and financial information systems.
Despite her financial background, she knew she wanted to lean on an expert and decided to work with Centura Wealth Advisory (Centura) and has been a client of Derek Myron, Managing Director, for nearly two decades!
In this episode, Derek interviews Krista about her experience as Centura’s client moving through the Liberated Wealth® Process.
Derek and Krista discuss:
- Why Krista started to feel that investing only in a 401(k) wasn’t enough
- Her exposure to alternative investments as Centura’s client (and how it impacted her portfolio)
- The benefits of working with a well-coordinated and trusted team of professionals
- The best place to start if you do not have a team of advisors yet
- And more
Resources:
- Centura Wealth Advisory’s Liberated Wealth® Process
Connect with Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.
If you’re a financial advisor, you know that the industry can be tough to navigate alone. The key to growth lies in collaboration with fellow professionals.
Collaboration not only paves the way for accelerated growth, but it can also improve your client service!
In this episode, Derek Myron speaks with Tom Oliveira, Wealth Advisor at Oliveira Wealth, LLC, about how collaboration in financial services can lead to exponential results.
Derek and Tom discuss:
- Tom’s experience of collaborating with Centura Wealth Advisory on a complex case
- How collaboration can lead to life-changing results for both firms
- The scarcity vs. abundance mentality and the importance of trust and transparency
- What it’s like to participate in our Elite Advisor Collaboration Program (EACP)
- And more
Resources:
- Advisor Learning Center
- Elite Advisor Collaboration Program (EACP)
- Bringing Exponential Value to Clients With the Elite Advisor Collaboration Program (Ep. 71)
- Simon Sinek: The Value of Brainstorming is Asking the Question
Connect with Tom Oliveira:
- (209) 579-2332
- Email: Tom Oliveira
- LinkedIn: Tom Oliveira
Connect with Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Tom began his career in 1994 with an advisory position at Northwestern Mutual. He helped clients with investments, risk management, retirement income, business and estate planning. In 2006, with a desire to offer his clientele premier wealth management, he started Oliveira Wealth, LLC, a SEC registered RIA to provide customized investment and estate services to high- net worth families and businesses. Oliveira Wealth prides itself on creative tax management strategies, tax favored retirement planning and “outside the box” concepts. He graduated from CSU, Stanislaus with a degree in Finance. He has achieved industry designations of CLU, ChFC, CASL and RICP. He enjoys playing pickleball in his spare time.
Private fiduciaries can play a critical role in managing and protecting the assets of their clients. They also help ensure that their clients’ wishes are carried out after they are gone and their assets reach their desired beneficiaries.
In this episode, Derek Myron speaks with David Stapleton, President of Stapleton Group, Inc., about private fiduciaries, their role in managing assets and estates, and the benefits they can provide to individuals and families.
Derek and David discuss:
- Services and benefits offered by private fiduciaries
- How private fiduciaries differ from trust banks (and pros and cons of each)
- Why choosing family members to act as your trustee could cause family strife
- Real-world examples of what it’s like to work with a private fiduciary
- And more
Connect with David Stapleton:
- LinkedIn: David Stapleton
- Stapleton Group, Inc.
Connect with Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
David P. Stapleton, a nationally-recognized federal receiver, trustee and restructuring expert, resolves complex problems caused by non-performing commercial loans and shareholder disputes. In representing creditors, business owners and legal counsel, David quickly identifies the obstacles between the parties involved and implements actions to overcome impasses. His expertise spans receiverships; assignments for the benefit of creditors (ABCs); bankruptcy plan administration and liquidations; federal equity receiverships; and, financial advisory.
High-interest rates have caused both stocks and bonds to perform poorly in recent months.
However, looking beyond stocks and bonds, private credit and direct lending have emerged as particularly attractive options for those seeking higher yields and lower volatility.
In this episode, Chris Osmond speaks with Philip Hasbrouck, Senior Managing Director and Co-Head of Cliffwater’s asset management business. Together, they simplify private credit and direct lending, discussing their benefits, risks, and relevance in the current environment.
Chris and Philip discuss:
- Cliffwater’s growth in the alternative investment space to over $10 billion in AUM
- How private credit can serve as a hedge against rising interest rates
- Key risks associated with direct lending (compared to traditional corporate bonds)
- Interval Funds vs. BDCs(Business Development Companies) — what you need to know as an investor
- And more
Connect with Philip Hasbrouck:
- LinkedIn: Philip Hasbrouck
- Cliffwater, LLC
Connect with Chris Osmond:
- LinkedIn: Chris Osmond
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Philip Hasbrouck is the co-head of Cliffwater’s asset management business. In this role, Philip leads the firm’s asset management distribution efforts and is involved with product development and positioning, business development, and managing client relationships. Prior to joining Cliffwater in 2018, Philip held various positions with CAIS, TCW Group, and J.P. Morgan. He earned a BS in Commerce and Finance from Santa Clara University.
Whether you are a U.S. citizen with international sources of income or a foreign national conducting business in the U.S., it is important to understand how international taxation works so that you do not end up overpaying in taxes.
In this episode, Kyle Malmstrom speaks with Connor Southwell, Director of Citrin Cooperman’s International Taxation Services Practice, about how to effectively navigate international tax planning.
Kyle and Connor discuss:
- Key factors that can affect your “worldwide income tax”
- How inbound and outbound tax planning works in the U.S.
- The impact of various tax laws on U.S. citizens, green card holders, resident aliens, and non-resident aliens
- How business owners can leverage international treaties to optimize their tax situation
- And more
Connect with Connor Southwell:
- Email: Connor Southwell
- LinkedIn: Connor Southwell
- Citrin Cooperman
Connect with Kyle Malmstrom:
- Email: Kyle Malmstrom
- LinkedIn: Kyle Malmstrom
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Connor Southwell is a director in the firm’s International Taxation Services Practice. He has over a decade of experience advising high net worth individuals and closely held businesses in international tax planning and compliance.
Connor works with both U.S. nationals and business entities with activities in foreign jurisdictions, and nonresidential individuals and companies that seek to establish a presence and economic nexus to the U.S. His specialties include the subpart F and GILTI regimes, foreign tax credit planning, FATCA compliance, and the analysis and application of U.S. and OECD model income tax treaties.
When financial advisors collaborate with fellow professionals (EPAs, CPAs, other advisors, etc.), it helps them improve their client service and simultaneously accelerate their own growth.
This is the rationale behind Centura Wealth Advisory’s Elite Advisor Collaboration Program (EACP), where radically transparency is the cornerstone.
In this episode, Jonathan Freeman and Derek Myron explain what EACP entails and how it helps advisors effectively serve ultra-high-net-worth clients.
Jonathan and Derek discuss:
- The importance of collaboration within the financial services industry
- What type of advisors are best suited for the Elite Advisor Collaboration Program
- Five key pillars of serving ultra-high-net-worth clients
- How advisors can leverage EACP for serving prospects
- And more
Resources:
- Advisor Learning Center
- Elite Advisor Collaboration Program (EACP)
- Picking The Right Pass-Through Entity For Your Business With Chuck Levun, JD, CPA (Ep. 70)
Connect with Jonathan Freeman:
- Email: Jonathan Freeman
- LinkedIn: Jonathan Freeman
Connect with Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Pass-through entities are complex, but it’s important to pick the one that’s best for your business needs from the get-go.
In this episode, Kyle Malmstrom speaks with Chuck Levun, a partner at Levun, Goodman & Cohen, LLP, about pass-through entities today. They explain what pass-through entities are, talk about the pros and cons of S corporations, and provide a couple of cautions.
Chuck discusses:
- How to use partnerships/LLCs to work around the tax constraints of S corporations in a tax-free manner
- Use of partnership/LLC agreements and shareholder agreements to cover the common business and economic issues between the owners
- Tax limitations of S corporations compared to partnership/LLCs
- IRS updates
- And more
Connect With Chuck Levun:
- LinkedIn: Chuck Levun
- Email: CRLevun@LGCLaw.com
- Office: 847-509-7700
Connect with Kyle Malmstrom:
- LinkedIn: Kyle Malmstrom
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
About Our Guest:
Charles R. Levun, JD, CPA, is a partner in the Chicago-area law firm of Levun, Goodman & Cohen, LLP. He is also the consultant to the CCH Partnership Tax Planning and Practice Guide, for which he was the co-author of the monthly “Partner’s Perspective” column for its entire term of publication (1987-2020), and was an Adjunct Professor of Law at the Illinois Institute of Technology Chicago Kent Graduate Tax Program (1985-2019 program termination) and Editor-in-Chief of the Journal of Passthrough Entities for its entire term of publication (1998-2019). Mr. Levun received a JD from the University of Chicago Law School and a BS in Accounting from the University of Illinois. He is a past chair of the Partnerships and LLCs Committee of the American Bar Association’s Section of Taxation, the Chicago Bar Association’s Federal Taxation Committee and the Federal Taxation Section Council of the Illinois State Bar Association, and is a Fellow and past Regent in the American College of Tax Counsel. Mr. Levun has been chair of the faculty and co-sponsor of the Partnership, LLC & S Corporation Tax Planning Forum and the “Fundamentals of Flow-Through” Tax Seminar since their inception.
After moving from China to the US in 1989 to pursue his Ph.D. in psychology at UCSD, Tony Chen transitioned from an academic in post-doctorate studies to business — becoming a lifelong entrepreneur and business owner.
Fast forward to 2019, when Tony considered exiting his business and became a client of Matt Griffith, CFP®, Senior Wealth Advisor at Centura Wealth Advisory (Centura).
In this episode, Matt interviews Tony about his experience as Centura’s client moving through the Liberated Wealth Process®.
Matt and Tony discuss:
- Tony’s personal and professional background as a lifelong entrepreneur
- What pre- and post-LOI planning looked like for Tony’s business sale
- The importance of having a professional team in place
- How Centura’s team guided Tony through wealth management (including alternative investments)
- Tony’s advice for business owners contemplating a future business sale
- And more
Resources:
- Centura Wealth Advisory’s Liberated Wealth® Process
Connect With Matt Griffith:
- LinkedIn: Matt Griffith
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.
In 2017, the state and local tax (SALT) deduction was capped. This severely impacted the taxes for many people, especially the high-income earners in high-income-tax states.
In this episode, Roby Kotcamp and Derek Myron talk about the provisions that many states are offering, including California, to help taxpayers minimize the impact of the SALT deduction limit.
Roby and Derek discuss:
- The evolution of SALT deductions — and the latest changes expected to stay until 2026
- What type of business owners can benefit most from the deduction
- Key deadlines you should be aware of to take advantage of the deduction in 2023
- How Centura works closely with CPAs to help clients navigate the SALT deduction
- And more
Resources:
- Section 1202: How Business Owners Can Save Millions of Dollars in Taxes (Ep. 67)
Connect With Roby Kotcamp:
- Email: Roby Kotcamp
- LinkedIn: Roby Kotcamp
Connect With Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Section 1202 of the IRS code can potentially save eligible business owners millions of dollars in taxes. However, it is an underutilized section as few business owners know how to successfully implement this strategy.
In this episode, Roby Kotcamp and Kyle Malmstrom explain what Section 1202 entails, the primary eligibility criteria for QSBS (qualified small business stock) transactions, and the major tax benefits involved in the process.
Roby and Kyle discuss:
- Three types of business owners that can benefit most from QSBS transactions
- Important dates that affect the extent of your tax exemption
- How to minimize your federal and state income tax as well as your estate tax
- Why you should plan at least a year in advance for QSBS transactions
- And more
Connect With Roby Kotcamp:
- LinkedIn: Roby Kotcamp
Connect With Kyle Malmstrom:
- LinkedIn: Kyle Malmstrom
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
At Centura, we divide financial planning services into two categories: 1) Steps that make your plan just “good enough” and 2) Steps that actually move the needle and make a measurable difference in your wealth.
In this episode, Derek Myron and Sean Clark unpack the four steps that fall “below-the-line” and three steps that fall “above-the-line” in financial planning. They further explain the impact that each step has on your financial plan.
Derek and Sean discuss:
- What sets Centura Wealth Advisory’s Liberated Wealth® Process apart
- The importance of adopting a forward-looking approach to tax planning
- How Centura professionals collaborate with CPAs and estate planning attorneys to improve the client experience
- How balance sheet optimization works (and why it matters)
- And more
Connect With Derek Myron:
- Email: Derek Myron
- LinkedIn: Derek Myron
Connect With Sean Clark:
- Email: Sean Clark
- LinkedIn: Sean Clark
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- LinkedIn: Centura Wealth Advisory
Historically, many Americans have been quite charitably inclined.
If you are one of them, your philanthropic efforts can be optimized with Charitable Remainder Trusts (CRTs) that help you minimize your taxes when donating to your favorite organizations.
In this episode, Derek Myron and Kyle Malmstrom explain the benefits and risks of Charitable Remainder Trusts (CRTs) and why they are starting to regain their relevance in the current environment.
Derek and Kyle discuss:
- How to determine if CRTs are ideal for your family
- The different types of Charitable Remainder Trusts — and how to plan for them
- How payout rates and duration impact your charitable planning
- The types of investments that might work best within CRTs
- And more
Connect With Centura Wealth Advisory:
- (858) 771-9500
- Centura Wealth Advisory
- Email: Derek Myron
- LinkedIn: Derek Myron
- Email: Kyle Malmstrom
- LinkedIn: Kyle Malmstrom
- LinkedIn: Centura Wealth Advisory
Chuck and Mary Ann Cox became clients of Derek Myron, Managing Director of Centura Wealth Advisory (Centura), in 2004. After 18 years of wealth management and financial planning, Derek continues to serve Chuck today (unfortunately, Mary Ann passed away in 2018). In this episode, Derek Myron interviews Chuck Cox, a retired executive, about his client … Continue reading Centura Client Experience from Retired Executives Point of View (Ep. 64) →
The recent market and economic downturn, combined with high inflation and looming interest rates, are forcing investors to consider alternative asset classes. One such alternative asset class is private equity, which has become highly accessible to individual investors today. In this episode, Chris Osmond, CFA, CAIA®, CFP®, speaks with Jeremy Held, Managing Director at Bow … Continue reading Opportunities in Private Equity With Jeremy Held of Bow River Capital (Ep. 63) →
Selling a business is a complex process. You need to tackle several types of taxes. You need to effectively invest the proceeds. Finally, you also need to overcome the emotions of letting go of your business. In this episode, Kyle Malmstrom interviews Doug Pate, a client of Centura Wealth Advisory (Centura) who recently sold his … Continue reading What It’s Like To Sell a Business With Our Client Doug Pate (Ep. 62) →
Given the current market gyrations, we are often asked by clients, “What are we doing to manage risk? And how does it impact our portfolios?” In this episode, Roby Kotcamp, Senior Wealth Advisor, and Chris Osmond, Chief Investment Officer, discuss Centura Wealth Advisory’s approach to risk management. They also explore strategies to achieve greater risk-adjusted … Continue reading How To Earn Greater Returns in a Risky Environment (Ep. 61) →
Aubrey Serfling and Lori Long have worked with Centura Wealth Advisory (Centura) as clients for over eight years now. Despite being retired executives today, they continue to work on their charitable endeavors. In this episode, Derek Myron interviews Aubrey and Lori about their client experience at Centura. They share insights into their wealth management journey … Continue reading Centura Client Experience from Retired Executives Point of View (Ep. 60) →
Real estate investors often use a 1031 exchange to defer taxes. However, a direct 1031 exchange is not possible if you want to transfer your real estate investment into publicly traded REIT shares. In this episode, Sean Clark, Director of Financial Planning, and Mark Kenny, Advanced Planner, discuss alternative tax deferral strategies using UPREITs and … Continue reading Effective Tax Deferral Strategies for Real Estate Investors With Mark Kenny (Ep. 59) →
Both equity and bond markets have experienced a significant downturn in recent months. Will they bounce back up? Or will they continue to plummet? No one knows. Amidst this uncertainty, structured notes can be a valuable addition to your portfolio. In this episode, Sean Clark, Director of Financial Planning, and David Cariani, Vice President, discuss … Continue reading Applications of Structured Notes in the Current Market Environment (Ep. 58) →
After her father passed away in 1994, Marilyn Daniels was suddenly thrust into managing a large pool of assets and forced to make several key financial decisions. In 2004 she joined Centura Wealth Advisory (Centura) as a client. In this episode, Derek Myron interviews Marilyn about her client experience at Centura and how her financial … Continue reading The Client Experience at Centura Wealth Advisory With Our Client Marilyn Daniels (Ep. 57) →
As the Federal Reserve continues on its path of quantitative tightening, inflation and rising interest rates are a concern for many investors. In this episode, Chris Osmond speaks with Christopher Long, Chairman, CEO, and Founder of Palmer Square Capital Management LLC. They talk about current opportunities in private credit and how it helps investors hedge … Continue reading Using Private Credit to Hedge Against Rising Interest Rates With Christopher Long (Ep. 56) →
We started working with Tina Daniels’ family nearly 18 years ago for her grandmother’s estate. Then, we worked on her parents’ estate. As of today, we have been helping Tina manage her wealth for nearly 15 years. In this episode, Derek Myron interviews Tina, the Managing Director of Agency & Brand Measurement Analytics at Google. … Continue reading The Client Experience at Centura Wealth Advisory With Our Client Tina Daniels (Ep. 55) →
With inflation reaching 40-year highs, investors are eager to find investments to hedge against the decreasing value of their money. In this episode, Chris Osmond speaks with Paul Kaseburg, Chief Investment Officer of MG Properties, about investment opportunities in the multifamily real estate market and how they help you cope with rising inflation rates. Paul … Continue reading Multifamily Real Estate as a Hedge Against Inflation With Paul Kaseburg (Ep. 54) →
Recently, we had a great addition to our team! In January 2022, Seth Meisler, CFA, CFP®, CPA/PFS, MBA, joined Centura Wealth Advisory as a Senior Wealth Advisor, bringing in 15 years of experience as a financial advisor and Chief Investment Officer. In this episode, Jonathan Freeman, Chief Operating Officer, interviews Seth about his personal and … Continue reading Get To Know Our New Senior Wealth Advisor Seth Meisler (Ep. 53) →
Interest rates have been considerably lower than inflation for several months now. However, we have started experiencing a rise in interest rates. During this transition period, as interest and inflation rates adjust over time, how can you strive for better risk-adjusted returns? Sean Clark, Director of Financial Planning, and David Cariani, Vice President, answer this … Continue reading How To Make Smarter Planning and Investment Decisions in a Rising Interest Rate Environment (Ep. 52) →
One of the goals of this podcast is to help you understand what it’s like to work with Centura Wealth Advisory before you even become a client. And who better to talk about the client experience than one of our current clients? In this episode, Roby Kotcamp interviews our client David Pann, who has held … Continue reading What It’s Like to Work With Centura Wealth Advisory With Our Client David Pann (Ep. 51) →
Are you looking for lucrative real estate opportunities in Southern California? If yes, then this episode is for you. In this episode, Derek Myron speaks with Eric Northbrook, Managing Director of Voit Real Estate Services’ San Diego and Carlsbad offices. Eric shares insights on the current commercial real estate landscape in Southern California, along with … Continue reading The Current Commercial Real Estate Landscape in Southern California (Ep. 50) →
If you’re the founder of a public company, a long-term employee with accumulated stock options, or an early investor in a highly successful company, it’s likely that you have a concentrated stock position. So, what should you do when a major portion of your wealth is tied up in a single stock? Sean Clark, Director … Continue reading What Should You Do When Your Wealth Is Tied up in a Concentrated Stock Position? (Ep. 49) →
Do you want to diversify your portfolio by investing outside of the U.S. markets? If yes, then it is time to take a look at private equity investment opportunities in one of the biggest emerging markets — India. In this episode, Derek Myron is joined by Manu Rikhye, partner at GrowX Venture Management. They talk … Continue reading Private Equity Investment Opportunities in India (Ep. 48) →
Once you understand cryptocurrency and its different applications, the next big question is: How can you start investing in it? In part two of this two-part miniseries, Kyle Malmstrom is back with Matt Hougan, Chief Investment Officer at Bitwise Asset Management, the world’s largest crypto index fund manager. They walk you through the different platforms … Continue reading Cryptocurrency and Blockchain: A Revolution in Financial Services with Matt Hougan, Part 2 (Ep. 47) →
The cryptocurrency industry has grown tremendously in recent years, gaining interest from investors all over the world. Yet, if you have no idea what cryptocurrency is and how blockchain technology works, you’re not alone! In part one of this two-part miniseries, Kyle Malmstrom speaks with Matt Hougan, Chief Investment Officer at Bitwise Asset Management, the … Continue reading Cryptocurrency and Blockchain: A Revolution in Financial Services with Matt Hougan, Part 1 (Ep. 46) →
The Build Back Better Act has recently been passed by the U.S. House of Representatives. While it is yet to become a law, there are steps you can take today to minimize the legislative proposal’s impact on your wealth transfer, in case it is passed. In this episode, Derek Myron and Kyle Malmstrom dive into … Continue reading 44. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes) — Part Two →
Entrepreneurs, are you struggling to articulate your vision in a way that resonates with every member of your company? In this episode, Jonathan Freeman speaks with Lois Weinblatt, international vision coach, facilitator, and speaker at True North Visionaries. They break down the visioning process and help you find clarity, so that you can make better … Continue reading 43. Articulate Your Vision With Lois Weinblatt →
Over the years, you may have accumulated a large sum of wealth in your retirement accounts. But withdrawing that money tax-efficiently can feel like a challenge, especially under proposed tax changes currently being discussed. In this episode, Derek Myron and Kyle Malmstrom discuss how the expected estate tax changes may potentially affect your retirement plan … Continue reading 42. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes) →
Whether you want to recruit the best talent, motivate your current team, or boost business performance, success boils down to one key element –– leadership. In this episode, Jonathan Freeman speaks with Mitch Simon, the founder of Simon Leadership Alliance, and a master business and leadership coach. Jonathan and Mitch reveal their strategies to enhance … Continue reading 41. How To Become a Master Business Leader With Mitch Simon →
Estate tax exemptions are expected to decrease in the near future. However, ILITs (irrevocable life insurance trusts) can help you reduce your estate taxes so that you can maximize your wealth transfer to future generations. In this episode, Kyle Malmstrom speaks with Kristina Hess, estate planning attorney at KR Hess Law, PC. Join Kyle and … Continue reading 40. How To Minimize Estate Taxes Using ILITs With Kristina Hess →
We love to build deep connections with our clients! So, this episode is dedicated to helping you get to know our team a little better. In this episode, Jonathan Freeman, Chief Operating Officer, introduces you to Centura Wealth Advisory’s new Senior Wealth Advisor Roby Kotcamp, CFP®, PMP®. Roby shares his professional and personal background, his … Continue reading 39. Get To Know Our New Senior Wealth Advisor Roby Kotcamp →
On July 16th, 2021, California governor Gavin Newsom passed Assembly Bill 150. One of the key components of this bill is the Small Business Relief Act, which has the potential to reduce your taxable income. In this episode, Kyle Malmstrom speaks with Ken Van Damme, tax partner at Ernst and Young, about what the AB-150 … Continue reading 38. AB-150: What Is It and How Does It Impact Your Taxes? With Ken Van Damme →
Most high-net-worth families work with various professionals, such as CPAs, estate planning attorneys, and valuation experts. How can you bring them all together and create a holistic financial plan? Derek Myron and Kyle Malmstrom answer the question in this episode. Join them as they explain strategies to create a forward-looking financial plan, minimize income and … Continue reading 37. The Financial Planning Guide for High-Net-Worth Families →
Have you ever thought about donating real estate? Not only can it minimize your capital gains taxes, but also help you amplify the impact of your charitable contributions in the community. In this episode, Dana Levin, client Relationship Manager at Centura’s Philanthropic Strategies, speaks with Wendy Beerbower, Senior Vice President at Eisenhower Health Foundation. They … Continue reading 36. Leveraging Real Estate as Part of Charitable Planning With Wendy Beerbower →
The interest rates for fixed income investments have reached historic lows. However, structured notes, which are somewhat unknown to many investors, can help you maintain returns through this environment. In this episode, Kyle Malmstrom speaks with Robert Sowinski, managing director, structured products at Advisors Asset Management. Robert simplifies the complexities of structured notes and discusses … Continue reading 35. Structured Notes Simplified With Robert Sowinski →
Are you aware of how cost segregation (Cost Seg) can minimize your taxes? It helps you reduce your tax liability by accelerating depreciation on real estate assets. In this episode, Sean Clark, Director of Planning, interviews Isaac Downing, Regional Director at Capstan Tax Strategies, and an expert in the cost segregation landscape. Isaac explains how … Continue reading 34. Minimizing Taxes Through Cost Segregation With Isaac Downing →
A lot of people are minimizing their estate taxes through current estate tax exemptions. But what if you aren’t ready to transfer your wealth, and want to retain access to your assets? There are multiple gifting strategies to help you do that. Join Kyle Malmstrom and Charles Levun, partner at Levun, Goodman & Cohen LLP, … Continue reading 33. Creative Gifting Strategies To Optimize Your Estate Plan With Charles Levun →
For a lot of advisors, attorneys, CPAs, and other professionals, 2020 was one of their busiest years. Now, with hot market conditions and new rules and regulations, 2021 is shaping up to be even busier! In this episode, Derek Myron is joined by Brent Glova, managing director at Vantage Point Advisors, Inc. They explore the … Continue reading 32. Key Things You Need To Know About Corporate Valuations With Brent Glova →
The interest rate yield on traditional fixed income investments, such as bonds, are at an all-time low. Consequently, there is decreased upside potential and a greater downside risk. In this episode, David Cariani, CIO, is joined by Christopher Hyman, senior case designer at Centura Wealth Advisory, to discuss how life insurance can be a powerful … Continue reading 31. How Life Insurance Solutions Can be Used as an Alternative to Fixed Income Investments With Christopher Hyman →
When business leaders from different industries come together, it can lead to a diverse set of perspectives that challenge you to think differently, and help you make better decisions. In this episode, Derek Myron is joined by Joe Phillips, founder and chairman of The BEST CEO Group. With nearly 23 years of experience in running … Continue reading Episode 30 – How Peer Advisory Groups Help You Learn From Fellow Business Leaders –– With Joe Phillips of The BEST CEO Group →
With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated. What can you do now to minimize the impact of this act on your estate planning? Derek Myron and Kyle Malmstrom answer this question in this … Continue reading Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning →
Insurance is a necessary risk management tool, but many business owners struggle with finding the right coverage, carrier, and riders, to meet their unique business. But when a claim happens, who is on your side to navigate the complex and often misunderstood claims process? In this episode, Jonathan Freeman is joined by Pamela Holden, Vice … Continue reading Episode 28 – Finding the Right Insurance P&C Coverage for Your Business –– With Pamela Holden of Alliant Insurance Services →
Selling your business to private equity firms might get you the highest sale value. But, it might not be ideal for your employees. In part one of this two-part series, join Kyle Malmstrom and Roy Farmer, Managing Director at Business Transition Advisors, as they talk about a highly effective tool for exit planning –– Employee … Continue reading Episode 27 – ESOPs as a Powerful Exit Planning Tool –– With Roy Farmer of Business Transition Advisors — Part 1 →
Most business owners don’t realize the importance of compliance until they take their business to the market and are bombarded with questions from prospective buyers. In part three of our M&A series, Derek Myron joins Paul Johnson, partner at Procopio, to discuss the key legal aspects of every M&A deal. Join them as they address … Continue reading Episode 26 – Looking at the M&A Landscape Through a Legal Lens –– With Paul Johnson of Procopio →
The sale of a business is probably the most important transaction for every business owner and their family. It’s a life-changing event. In part two of this M&A series, Derek Myron talks to Eliot Peters, managing director at RA Capital Advisors, to explore the growing opportunities in the M&A space. Considering that interest rates are … Continue reading Episode 25 – The M&A World: How To Get the Best Value for Your Business –– With Eliot Peters of RA Capital →
Now that we’re through the elections, and the Senate runoff, it’s time to look at the expected tax and estate law changes coming down the line under the new administration. In this episode, Derek Myron and Kyle Malmstrom discuss some of the major tax changes expected to be announced in the coming years. They dive … Continue reading Episode 24 – What Is In Store Under the Biden Administration Tax Regime and How You Can Prepare →
Business owners in California: Do you plan to sell your business in the near future? If so, we have a way for you that can help you minimize taxes – the ING trust. But hurry up, because this option might not be available next year to California residents! In this episode, Kyle Malmstrom is joined … Continue reading Episode 23 – Why You Must Consider Selling Your Business Through the ING Trust Strategy – Part One — With Guest Mark Morris →
Optima Office provides their clients with fractional CFOs, accounting services and HR services to help drive profits and reduce risks with their tailored business solutions. In this episode, Jonathan Freeman speaks with Jennifer Barns, CEO and Founder of Optima Office to discuss her inspiring story of how she started her business, the growth she’s experienced … Continue reading Episode 22 – How Small to Medium Businesses can Leverage Fractional CFO/Accounting Services to Help Their Business Grow – with Guest Jennifer Barnes, CEO of Optima Office →
Whether it’s for employee retention, tax planning, or a combination of the two, creating a retirement plan for yourself and your employees is a cornerstone of planning as a business owner. In this episode, Kyle Malmstrom speaks with Tom Burns, president at Premier Plan Consultants, to discuss the business retirement planning process. Tom explains the … Continue reading Episode 21 – Boost Your Business Retirement Plan Strategy – with Guest Tom Burns →
When it comes to marketing, businesses need to constantly evolve to keep up with new trends and techniques that will help attract prospects to their product or service. With the global shutdowns and necessary transformation to doing business in a virtual environment, some business owners have been able to adapt and in some cases thrive. … Continue reading Episode 20 – Marketing During a Pandemic: What Changed in 2020 and How do Business Owners Need to Adapt – with Sharon Spooler of Chief Outsiders →
Tax planning is as important as ever, and based on the recent elections it may have an impact on your personal and business income tax situation. In this episode, Kyle Malmstrom and guest Ken Van Damme, tax partner at Ernst and Young, give listeners guidance for some tax solutions to put into action. Kyle and … Continue reading Episode 19 – Potential Tax Implications from 2020 National and California State Elections →
Alternative investments offer higher potential returns, and several benefits you won’t find from traditional investments. Today, Kyle Malmstrom and David Cariani (Co-CIOs) introduce listeners to the world of alternative investments. Kyle and David share what types of alternative investments there are, how they’re structured, their potential risks and benefits and more. In this episode, you … Continue reading Episode 18 – The World Of Alternative Investments →
Too many new business owners overlook the importance of having a buy-sell agreement. If a business partner becomes disabled, passes away, or departs the business, they leave the future of their business on shaky ground and open to costly disputes with the remaining partners. Today, Jonathan Freeman is joined by John Parise and Michael Parise … Continue reading Episode 17 – Your Guide to Buy-Sell Agreements in 30 Minutes –– With John Parise and Michael Parise →
The single-family rental industry was falling behind the multi-family rental market, however, things continue to change and investors are seeing it as a valuable asset class. In this episode, David Cariani is joined by Ted Conrads, co-founder and co-president of Colchis Capital. Ted shares background information on Colchis Capital, and explains how the single-family rental … Continue reading Episode 16 – How The Single-Family Rental Industry Has Become Reliable For Investors – With Guest Ted Conrads →
The Presidential Election is coming up in less than 3 months. Are you prepared for the potential estate tax implications if the Democratic Party wins the election? Today, Derek Myron and Kyle Malmstrom take an extensive look at the estate tax implications if Joe Biden wins the Presidential Election in November. They discuss why you … Continue reading Episode 15 – Estate Tax Implications If Joe Biden Wins The Presidential Election →
Private placement life insurance (PPLI) is a tax efficient, low-cost vehicle to provide Accredited Investors and Qualified Purchasers a means to transfer wealth. PPLI leverages institutionally-priced wholesale insurance to create a tax efficient wrapper that gives investors the power of compounded growth tax free, as well as using a death benefit to transfer wealth to … Continue reading Episode 14 – A Dive into Private Placement Life Insurance (PPLI) — With Guest Rick Calderon →
Multi-family real estate can provide a tax-efficient wealth-building model for yourself and your family. But has COVID-19 impacted the market, and if so, how? Today, Derek Myron speaks with Mark Gleiberman, CEO of MG Properties about multi-family real estate, the tax implications of multi-family real estate, and the impacts of COVID on the multi-family real … Continue reading Episode 13 – The Impact Of COVID-19 On The Multi-Family Real Estate Industry – With Mark Gleiberman →
Businesses of all sizes face risk in the best (and worst) of economic times, and it’s important as a business owner to make sure that you are covered. In this episode, Jonathan Freeman is joined by Mark Sims from Captive Alternatives to discuss alternative insurance options for risk management and how business owners and entrepreneurs … Continue reading Episode 12 – Manage Business Risk with Potential for Financial Upside – With Guest Mark Sims of Captive Alternatives →
WINGs, NINGs, DINGs and ThINGs — yes, these are all real income tax strategies, but what do all these acronyms really mean, and how can this strategy help save you money in taxes? In this episode of Live Life Liberated, Kyle Malmstrom is joined by Levitzacks’ tax strategist Mark Morris to discuss the ING strategy—who … Continue reading Episode 11 – WINGs, NINGs, DINGs. And Other ThINGs – With Mark Morris of Levitzacks →
For many high-income earners, the problem they face when it comes to saving for retirement is an inability to save enough money pre-tax to meet their retirement goals. Rather than utilizing an “off-the-shelf” solution, Centura shares how options exist to supersize their deductions in a Defined Benefits Plan. In this episode, Derek Myron speaks with … Continue reading Episode 10 – Supersized Qualified Retirement Plans and Rethinking Your Distribution Strategy of a Qualified Plan Since the Passage of the SECURE Act – With Guest Mike Zelch →
The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, is an economic law designed to address the financial impact of the COVID-19 pandemic. But how does this act provide support for entrepreneurs and business owners? Today, Kyle Malmstrom joins Ernst & Young partner Ken Van Damme to provide an update on the … Continue reading Episode 9 – CARES Act Considerations for Business Owners and Ultra High-Net-Worth Individuals — With Ken Van Damme of Ernst & Young →
With 20 million lawsuits filed every year, asset protection has proven to be a major concern for wealthy individuals. In this episode, Derek Myron speaks with Siddharth Chhokar of Chhokar Law Group about how ultra-wealthy individuals can achieve true asset protection. They discuss powerful planning options for people who live in states that don’t have … Continue reading Episode 8 – Powerful Strategies for True Asset Protection –– With Siddharth Chhokar →
The Treasury Department recently issued new FAQs regarding SBA PPP loans. It addresses many key questions and issues, however, some business owners remain in the dark and are looking for clarity. In part three of the PPP loans series, Derek Myron speaks with Dan Yates, CEO at Endeavour Bank, to offer an insight from the … Continue reading Episode 7 — SBA PPP Loans: What “perplexed” business owners need to know! – with guest Dan Yates, CEO of Endeavor Bank →
Congress has recently approved an additional $310 Billion in SBA PPP loans. This aims at supporting small businesses in running their operations and paying their workers. However, it is crucial that business owners gain an in-depth understanding of this program in order to optimize SBA PPP loans. At Centura Wealth Advisory, we help small business … Continue reading Episode 6 — How can small business owners optimize SBA PPP loans? – with Curt Welker, CPA and Tax Partner of PKF San Diego →
In this follow-up COVID-19 episode, we expand on actions business owners should be taking in response to the COVID-19 economic shut down, and follow up on some previously shared information. As the circumstances are constantly changing, we want our clients and the community to be well informed. Dan Yates, CEO of Endeavor Bank, returns for … Continue reading Episode 5 – SPECIAL UPDATE: COVID-19, PART 2 →
Centura Wealth Advisory believes in sourcing and vetting new strategies that complement traditional money management, allowing the firm to bring only the best value-added solutions to clients. To do so, they often bring in amazing people who share their vision can help clients achieve the best results. Today, Kyle Malmstrom returns with special guest David … Continue reading Episode 4 — Harnessing the General Power of Appointment for Tax Planning — With David Gebhardt, Esq. →
In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty. Derek Myron of Centura Wealth Advisory speaks with Dan Yates CEO of Endeavor Bank. Dan shares updates on the ever-evolving processes … Continue reading SPECIAL UPDATE: COVID-19 →
While many are unfamiliar with Charitable Lead Annuity Trusts (CLATs), those who have heard of this financial tool typically see it as a means to fulfill their philanthropic or estate planning needs. But Centura Wealth Advisory sees CLATs as a tool that can offer so much more. Today, Derek Myron joins Centura’s director of planning … Continue reading Episode 3 — Amp Up Your Financial Planning with CLATs (Charitable Lead Annuity Trusts) →
Centura Wealth Advisory believes in going above and beyond traditional money management to bring only the best value-added solutions to clients. To do so, they’ve brought on amazing team members who share their vision of what it means to have Liberated Wealth™. Today, you’ll meet one of those team members, Centura’s co-chief investment officer David … Continue reading Episode 2 — Meet Centura Wealth Advisory’s David Cariani, CFA, CFP® →
Centura Wealth Advisory is pleased to introduce the Live Life Liberated Podcast! In this inaugural episode of the series, founding managing directors, Derek Myron and Kyle Malmstrom, introduce Centura Wealth Advisory and how they help clients liberate their wealth with planning, precision, and purpose. In this episode, you’ll learn: Who Centura Wealth Advisory serves (and … Continue reading Episode 1 — Introducing the Live Life Liberated Podcast →