Episodes

Changes to tax laws made in 2017 saw an increase in qualified opportunity zone funds, and these are starting to have an impact on our clients. In this episode of The Truth About Wealth Podcast, John and Michael Parise speak with Brandon Hughes of Peachtree Hotel Group about qualified opportunity zone funds and how they may impact your taxes. In this episode, you will learn: Why time may be of the essence to invest in a qualified opportunity zone fund Which avenues you may have access to for sav...

When it comes to buying and selling, it’s critical that you understand the difference between public and privately held companies. While there is a readily available market for public ownership, buying and selling within a private partnership or company can be a bit more complicated. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss why buy-sell agreements are so important and what you must know about them. In this episode, you will learn: What the common trigge...

Exit planning is a major part of owning a business. And for many business owners, creating a plan that helps them do good by rewarding the employees that have helped them become successful is incredibly attractive. Today, John and Michael Parise welcome Rick Jaye of Business Transition Advisors to explore the world of ESOPs. Rick breaks down all the benefits ESOPs can bring to a business and how they can be used to benefit not only a business but also its employees. In this episode, you will lea...

There are many reasons to include philanthropic practices in your family’s overall financial plan. In this episode, John and Michael Parise discuss the basics of philanthropic planning for families, including how families can work together to choose charities and how this plan should fit into your generational wealth strategy. In this episode, you will learn: How philanthropic practices will impact your taxes Why the generational aspect of financial planning will impact your philanthropy Ways t...

When you consider what your assets are, you might think of belongings such as your car, house, technology, and other valuable possessions. But did you know that your life insurance policy is also an asset? In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss life insurance and how you can use it as an asset class. In this episode, you will learn: How life insurance as an asset fits into the tax conversation The differences between life insurance policies and retire...

Unless you’ve been living under a rock, you know that China and the U.S. are in the midst of trade negotiations. In this episode of The Truth About Wealth Podcast, Paul Dietrich returns to finish the market discussion with John and Michael Parise. Listen in as Paul shares his insights on the agreement — or lack thereof — between China and the U.S. In this episode, you will learn: About changes from recent trade negotiations between the U.S. and other countries Paul’s thoughts on tariffs between...

In today’s economic landscape, it is important to hear from the experts. In this episode of The Truth About Wealth Podcast, John and Michael Parise sit down with Paul Dietrich, Copper Beech’s chief economic analyst and CEO and CIO of Fairfax Global Markets LLC, to discuss the state of the market and what’s to come in the not-so-distant future. In this episode, you will learn: Why Paul believes that a recession is coming (and when he predicts it will happen) The indicators in the market to predi...

In this episode of The Truth About Wealth Podcast, guest Mark Sims returns to answer more questions about private insurance structure, including how they function across the United States and Puerto Rico. In this episode, you will learn: The top 10 most popular risks that individuals insure themselves against Reasons for using private insurance structure to protect yourself from catastrophic consequences What the ongoing annual cost of private insurance is for clients The overall benefit of hav...

Risk management is key, both on the business side and on the personal finance side. In this episode, John and Michael Parise sit down with guest Mark Sims. Mark discusses his work at Captive Alternatives, specifically his expertise in risk management with private insurance structure within the family office structure. In this episode, you will learn: Which risk management sectors Mark and the Captive Alternatives team specialize in, specifically within the family office structure Various benefi...

For high-income families, estate planning is a critical part of planning for their financial future. However, sometimes the logistics of estate planning can get complicated. In this episode of The Truth About Wealth Podcast, Michael Parise shares his legal expertise with 10 strategies and ideas for estate planning. In this episode, you will learn: The importance of finding and retaining key talent for your financial team How to use various trusts in your estate planning to aid in your charitabl...

Trusts can be highly beneficial tools for generating and conserving wealth through multiple generations. However, it’s common for individuals and families to have objections to establishing trusts. In this second part of a two-part series, John and Michael Parise explain — and debunk — some of those common objections and share their expertise on the benefits of trusts. In this episode, you will learn: How John and Michael educate their clients through family meetings on the usefulness of trusts...

Trusts are the backbone of estate plans, and yet many families are objecting to having one. What’s going on? Too often, families believe misconceptions about trusts or feel too intimidated. In this episode, John and Michael Parise explain how they help families overcome seven common objections and discover the truth about trusts. In this episode, you will learn: What trusts really are, how they work, and why families use them How you can use trusts to protect your assets from lawsuits or credit...

A strong team is the backbone of a business. Without cohesive teamwork, a business cannot and will not be successful. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss the importance of “aligning your tribe”: working with your family and partners to accomplish the shared goal of building and managing wealth. In this episode, you will learn: Why the Copper Beech team sometimes acts as family counselors and psychologists as well as financial advisors The importanc...

Do you know what your net rate of return is on your investment portfolio? How much money are you actually taking home at the end of the day? In this episode, John and Michael Parise discuss the importance of understanding that it’s not about what you make, it’s about what you keep. In this episode, you will learn: What your financial advisor means when they talk about your “net composite rate of return” Why it’s so important to know the difference between taxable income vs. tax-free income Whic...

In a highly competitive job market, retaining high-level executives can be a challenge for privately held companies. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss ways that companies can offer their top executives competitive benefits for continued service. In this episode, you will learn: The importance of having a plan in place for your company if you were to die tomorrow How to use different forms of compensation to make your company stand out What an emp...

To building lasting wealth, it’s essential for families to hold multigenerational meetings that cultivate honesty and transparency. In this episode, John and Michael Parise discuss the importance of family meetings as part of their process at Copper Beech Financial Group. In this episode, you will learn: How family meetings can help to prevent loss of wealth through multiple generations Why it’s especially important to include younger generations in family meetings How Copper Beech facilitates ...

So far, father-son duo John and Michael Parise have discussed many specific topics about generational wealth planning. Today, they’re taking a different approach. In this episode of The Truth About Wealth Podcast, John and Michael share a case study that gives you a full start-to-finish picture of how they help families with their planning. In this episode, you will learn: How your assets can expose you to unique taxes, especially if your trust expires while you are still living How Copper Beec...

Are your assets protected? This question is highly relevant to high-net-worth families and individuals, and it involves delving into emotional topics. In the second part of their mini-series, John and Michael Parise guide you with compassion and expertise through the final three asset protection risks and how to avoid them. In this episode, you will learn: The impact of premature death and spousal remarriage on assets after the passing of the first spouse Examples of scenarios in which a prenup...

It’s imperative that high-income families take steps to protect their assets. In this episode, John and Michael Parise explain how they help clients avoid four asset protection risks, starting with potential lawsuits. It’s time for Juris Doctor Michael to share how he puts his law degree to work at Copper Beech Financial Group. In this episode, you will learn: About the number-one risk for high-income families (lawsuits) and how to use living asset protection What an umbrella policy is and what...

If something were to happen to you tomorrow, what would happen to your business? This is the first question in John and Michael Parise’s insightful and action-prompting white paper, 10 Eye-Opening Questions to Protect Your Wealth. Today, they explain why this is one of the most important questions you can ask yourself as a business owner. In this episode, you will learn: About the importance of exploring different exit strategies depending on the structure of your business What a phantom stock ...

When you hear “finance” and “audit” in the same sentence, you might feel your stomach flip. But fear not. Copper Beech Financial Group’s audit process is a very positive tool that can be used to determine the next steps in a client’s wealth journey. In this episode, you will learn: About the steps of the audit process and the 80-90 page report that it generates for potential clients The benefits of working with Copper Beech to create the report, and how the audit can help you—even if you choose...

Copper Beech Financial Group provides a specialized service for their clients. Specifically, they take on the role of ‘family CFO’ to provide multi-generational financial planning for high-income families. In this episode, you will hear about the discovery process for prospective clients at Copper Beech Financial Group, and the ins and outs of the ‘family office platform’ that John and Michael Parise provide for their clients. In this episode, you will learn: What a family office mode looks lik...

In this inaugural episode of The Truth About Wealth Podcast, you’ll meet John and Michael Parise of Copper Beech Financial Group. This father-son duo works with families in the southern New Jersey-Philadelphia area, offering them supports in their generational financial planning. In this episode you will learn: How John Parise got his start in finance and how it shaped the way that he and his team developed focused strategies in generational financial planning Why Copper Beech acts as a CFO for...