Episodes

Today, I have a challenging discussion with Dr. CHRIS HEYE, PhD, founder of WHEALTHCARE SOLUTIONS. We talk about the issues of older age on decision-making and how that affects an individual’s retirement. We go through data on aging and explore diminished mental capacity in detail. Advisers will learn what to look out for in clients who may be suffering from cognitive decline or even Alzheimers disease, and what those advisers can do about it. Finally, we hear about the formation of Whealthcare ...

For advisers dealing with wealth management clients, cybersecurity is a necessary conversation. The wealthy are clamoring for digital protection. Advice on the defense against social media attacks, the selling of information on the Dark Web, online security breaches and asset theft are a part of the advice that most wealth management clients have come to expect from their advisors. How do you get your arms around this high stakes discussion? Today I spoke with TOM RAGSDALE to find out more. To...

The Wealth Management Industry is in the midst of massive demographic change. Business models are evolving, old entrants are retiring or merging, technology is leveling the playing field. As a result, clients are demanding more value and the industry is coping with a rapidly shifting landscape. As “Wealth Management” clamors for direction, new expertise to manage this change is emerging. With us today is MATTHIAS KUHLMEY, Chief Development Officer at Hightower Advisors and the developer of the ...

SHELTON WILDER will be the first to tell you that the Los Angeles Residential Real Estate Market is no joke. Building a successful practice in the space is hyper-competitive. The glitz and glamour portrayed on Bravo don’t tell the story of struggle and heartbreak that exists in this world. We’re going to cover the complexities of LA market and Shelton’s marketing acumen- including the increased speed and professionalism required for modern high end real estate., However, the real story is Shel...

Few investors become so well known that they earn a nickname. BILL GROSS was known as the “Bond King.”. A natural polymath, Bill ascended to the throne with his novel total-return approach to managing bonds and his outsized personality. He built the PIMCO empire through hard work, ingenuity and cult of personality. Some say he lost the throne through a mixture of hubris, distraction and bad calls. A new book by former Bloomberg reporter, MARY CHILDS, describes it all. Now the reporter and ho...

“JUST KEEP BUYING” by Nick Maggiulli https://youtu.be/wjPxxUk8D_Y?si=lqJTkK2LrvnRoLsW https://youtu.be/pFmWTHlPTUY?si=GcQqujewbCPqTxSK Generationally low interest rates, inflation, unthinkable geopolitical risks, the speed of information and the prevalence of noise challenge our long-held conventional wisdoms. Many investors are at a loss as to how to save and invest to meet their goals. https://www.amazon.com/Just-Keep-Buying-Proven-Wealth/dp/0857199250/ Against that fearsome backdrop, Nic...

PERTH TOLLE: An Emerging Market Portfolio Manager with a unique methodology- INTRODUCTION Perth Tolle is the founder of the Life and Liberty Indexes and portfolio manager for the emerging market ETF with the ticker: FRDM Perth was born in Beijing and moved to the United States at age 9. After college, she lived in Hong Kong for a year and significant experience in China PERTH’S FREEDOM FACTOR PROCESS As opposed to the blunt market cap approach to getting emerging market exposure, Perth built...

Conservation Easements with MICHAEL ENGELHART With Joe Biden’s recent initiative to conserve nearly a third of US land by 2030, conservations easements have come back into the headlines. According to the NCED Database, a conservation easement is a voluntary, legal agreement that permanently limits uses of the land in order to protect its conservation values. Also known as a conservation restriction or conservation agreement, a conservation easement is one option to protect a property for futu...

International and Cross-Border Planning have been a major issues for high net worth clients for as long as there have been borders. It’s an enormous topic. Jobs, new family situations and geopolitics often send people to different countries for different opportunities. All of this can have tax implications around an estate plan . . . Add in the complications of new asset classes and confusion around citizenship, residence and tax obligations. There is a lot to consider- especially for U.S. cit...

https://www.youtube.com/watch?v=ViEKPjkjEWI JOHN FICHTHORN, now a two-time “Wealth Actually” interviewee, joins the podcast to discuss his new documentary, “Gaming Wall Street”. Directed by Tobias Deml, the two-part documentary debuts on March 3rd on HBOMax. Gaming Wall Street chronicles the 2021 GameStop short squeeze that drew in the retail investor community and galvanized a movement against the traditional financial services industrial complex. It also underscores the complicated and often...

Occasionally we get a court case that has ripple effects across the fiduciary, asset management and investment management industries. In this episode, we’re going to look at the Potentially massive implications of the recent Supreme Court case, Hughes vs Northwestern The original issue before the Court was whether or not the 403(B) plan participants had properly plead their case in their complaint. The lower courts had dismissed the case, relying on a concept known as the “menu of options” def...

The world of property and casualty insurance is undergoing a significant business model change- Emerging risks to HNW clients include the impacts of COVID and climate change to their businesses and assets. Additionally, there are two relatively new frontiers of risk: cybersecurity and social media. These lightly understood risks can pose a threat to clients’ assets, businesses and reputations. Helping us learn about the shifting landscape of personal risk is AHMET BIDAV- Ahmet is an insuran...

All of us have become more reliant on technology and software to solve problems and improve our lives. However, many of us understand less and less about the programming that goes into these solutions. Further, we forget or ignore the human element of this problem solving. In this episode, I speak with ANDY HUNT who has devoted his life to these issues. Andy Hunt is a programmer turned consultant, author and publisher. He’s authored a dozen books including the best-selling “THE PRAGMATIC PRO...

In this slight detour for the show, I spoke with New York-based political commentator, DEROY MURDOCK.. We have an invigorating chat about INFLATION and GUN CONTROL, two topics that are galvanizing investors today. We later focus on the implications of these issues for the 2022 and 2024 elections. Deroy has been a Fox News Contributor since 2012, a Contributing Editor with National Review Online and a Senior Fellow with the Atlas Network, which supports and connects some 500 free-market policy...

Anyone who knows me knows that golf is one my main hobbies. It is a huge treat to be able to speak with ROB LABRITZ as he embarks on his first season on the PGA Champions Tour. In addition to playing on the Senior Tour this year, Rob is the Director of Golf at the GLENARBOR Golf Club in Bedford Hills, NY. He is one of the top PGA playing professionals in the U.S. He won the 2022 PGA TOUR Champions Q School to reach the Senior Tour. https://youtu.be/XPhGTpNpf5E Rob’s finished as the low PGA P...

In this episode of the Wealth Actually Podcast, I speak with my good friend, Paul Sullivan. Paul wrote the wildly popular Wealth Matters column in the New York Times and currently writes the Money Game column for Golf Magazine. We certainly talk about those experiences, but the focus of our discussion is on his exciting new project, THE COMPANY OF DADS. This company is the first platform dedicated to creating a community for LEAD DADS. Its mission is to help Lead Dads feel less isolated and ...

MAXIMIZING EXECUTIVE AND FAMILY OFFICE TALENT In this 101st episode, we’re going to explore the disconnects in Human Capital Development. This is a crucial issue for family enterprises looking to transition to the next generation, closely held businesses making crucial hires and startups looking to take their business to the next level. To no one’s surprise, Covid, Remote Learning and WFH have had massive impacts on the development of students, business plans, workers and executives. To help...

Welcome Back to the Wealth Actually Podcast- This episode marks a big milestone. We have hit the 100th EPISODE. I was pleasantly surprised to see that we have been downloaded in all 50 states and 114 countries. A big thank you to everyone who listens. As always, it’s great for the show’s momentum if you subscribe, leave reviews and share. For this 100th episode, I’m thrilled to have my friend, BRIAN PORTNOY, on the podcast. We talk about the next phase of behavioral psychology in the wealth man...

Welcome back to the 99th episode of the “Wealth Actually” Podcast . . . (We’re recording right before Christmas and I’d like give a special thanks to Matthew Passy who helps me sound good and make the trains run on time.) With the end of the year fast approaching, philanthropy is on the minds of many people. For charitable organizations, the mad rush to meet their goals underscores many challenges they face. Understaffed, under-resourced, and using old tools, non-profits face an uphill climb ...

Life insurance is one of the core tools in wealth management. It replaces income for families, funds the payment of estate taxes, and, given its tax advantages, can serve as an investment vehicle. However, the culture of life insurance, its sales process and its regulatory framework live apart from the world of stocks and bonds. To that end, there is a new framework in New York that is changing the way life insurance is presented to clients: Rule 187. This rule and the law that surrounds it is ...

This latest podcast is special because it harkens back to 2000 when I wrote a paper in law school about the use of securitizations to disrupt the music industry. I mused about the disruption of the music industry and the demise of the traditional way of doing business. I wasn’t far off! The music industry has undergone enormous changes with the advent of streaming. The demand for content has never been higher with new ways to monetize content. Add to that the fascination of NFT’s and the new...

The College Admission season is in full swing and it brings it usual stresses. However in the world of intergenerational planning, it’s a unique opportunity for families to discuss their core values and the development of their kid’s personal narratives. It is chance for families to collaborate on a life changing decision around the kids future- a process in which the engaged kids have a vested interest! Finally, it’s often the first instance where kids experience the judgment of their personal...

Here is sneak peak of my podcast with David Pullman- in this outtake, we talk about his experience with David Bowie and how the song “Fame” represented a major pivot in Bowie’s career AND Pullman’s! A fascinating tidbit into Bowie’s prescience- A must listen for the NFT crowd. The full interview will drop shortly . . . DAVID PULLMAN https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

You can’t go two minutes without hearing about the allure of venture capital and private equity or the cult of entrepreneurship and the start-up. However, these things are hard! Venture and P/E require large pools of patient capital, deep expertise and long time horizons. Entrepreneurship requires a unique angle, force of will, operational deftness and a 24/7 personal commitment to success. This has led to the development of SEARCH FUNDS – pools of capital designed to invest in small and mediu...