The Truth About Wealth - podcast cover

The Truth About Wealth

John Parise and Michael Parisethetruthaboutwealth.blubrry.net
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.
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Episodes

Here’s Why You Should Create A “Family Investment Club” (Ep. 137)

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 … Read More Read More...

Jun 18, 202535 min

How Structured Notes Can Transform Your Investment Portfolio with Vince Tassone (Ep. 136)

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 … Read More Read More...

Jun 13, 202533 min

How to Implement Innovative Risk Mitigation with Madison Insurance Group (Ep. 135)

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 … Read More Read More...

May 14, 202547 min

Your Guide to Family Business Succession (Ep.134)

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 … Read More Read More...

Apr 23, 202529 min

How to Use Leverage to Create Generation Wealth (Ep. 133)

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 … Read More Read More...

Apr 09, 202536 min

Discovering Your Family’s Philanthropic Purpose with Momentem Consulting Group (Ep. 132)

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 … Read More Read More...

Mar 26, 202537 min

Essential Tax Strategies for Real Estate Investors with Vanessa Wallace Clunies (Ep. 131)

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 … Read More Read More...

Jan 08, 202530 min

The Intersection of Energy and Wealth: Key Trends to Watch with Mitch Kerr (Ep. 130)

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 … Read More Read More...

Dec 18, 202437 min

The Future of Money: Gold, Silver, and You with Andy Schectman (Ep. 129)

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 … Read More Read More...

Nov 06, 202449 min

Estate Planning Essentials: Understanding Asset Succession (Ep. 128)

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 … Read More Read More...

Sep 11, 202427 min

The Purpose of a Purpose Trust with David Warren (Ep. 127)

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 … Read More Read More...

Jul 31, 202431 min

Copper Beech’s Philosophy & Vision (Ep. 126)

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, … Read More Read More

Jul 17, 202434 min

Hiring Leadership With Purpose Featuring Max Hansen (Ep. 125)

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 … Read More Read More

Apr 17, 202437 min

Preparing Tax Strategies for the Upcoming Tax Provision Changes (Ep. 124)

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 … Read More Read More...

Apr 03, 202435 min

Increasing Tax Efficiency and Asset Protection Through MSOs with Doug Dickey (Ep. 123)

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 … Read More Read More...

Mar 20, 202430 min

Is a C Corporation Right for You? with Doug Dickey (Ep. 122)

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 … Read More Read More

Mar 06, 202427 min

Case Study: How Upline Planning Helps Families Preserve Wealth Through Generations (Ep. 121)

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 … Read More Read More...

Feb 21, 202436 min

Upline Planning: What it is & Why You Need to Do it (Ep. 120)

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 … Read More Read More...

Feb 07, 202430 min

Securing Your Family’s Future Wealth Q&A (Ep. 119)

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 … Read More Read More...

Jan 24, 202434 min

Nurturing Wealth, Values, and an Entrepreneurial Mindset Across Generations (Ep. 118)

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 … Read More Read More

Jan 10, 202430 min

Estate Planning For Younger Families with Chris Ruffino (Ep. 117)

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 … Read More Read More...

Dec 27, 202329 min

Unpacking The Complexities of Roth IRAs With Chris Ruffino (Ep. 116)

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’ … Read More Read More

Dec 13, 202328 min

Navigating Family Dynamics With Family Coaching featuring Alex Kirby (Ep. 115)

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 … Read More Read More

Nov 29, 202339 min

Estate Planning: Making The Backstage Process Easier (Ep. 114)

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 … Read More Read More

Nov 16, 202337 min

The Hidden World of the U.S. Mint with David J. Ryder (Ep. 113)

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 … Read More Read More

Nov 01, 202327 min

Taking The Plunge To Build Generational Wealth — The Next Phase of Copper Beech with Chris Ruffino (Ep. 112)

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: … Read More Read More...

Oct 18, 202330 min

Wine Not Three-Peat? Bordeaux Unveiled with the Return of Tim O’Rourke (Ep. 111)

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 … Read More Read More...

Oct 04, 202338 min

Preserving Your Family History And Creating A Lasting Legacy (Ep. 110)

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 … Read More Read More

Sep 20, 202336 min

Navigating Blended Families and Estate Taxes: A Case Study Discussion (Ep. 109)

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 … Read More Read More...

Sep 06, 202331 min
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