The Truth About Wealth

Episode 31 – Your Common Concerns Answered

April 22, 2020 09:00 - 32 minutes - 36.6 MB

Likely, when it comes to your wealth, you have some questions and concerns about longevity through generations. We’re here to help. In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss common concerns they hear from families, and share how they approach these situations. In this episode, you will learn: How … Read More Read More

Episode 30 – A Family Mission Statement is Key for Your Legacy

April 08, 2020 09:00 - 33 minutes - 37.8 MB

Family mission statements are one of the most important parts of our clients’ financial legacies. In this episode of The Truth About Wealth Podcast, John Parise tackles the subject of family mission statements, and why they are the key to your legacy. In this episode, you will learn: How the Copper Beech team approaches these … Read More Read More

Episode 29 – A Recession on the Horizon with guest Paul Dietrich — Part 2

March 25, 2020 09:00 - 27 minutes - 63.2 MB

Like most things in life, the economy fluctuates, and it can’t continuously be on an upswing. Paul Dietrich is back with part two of this mini-series for The Truth About Wealth Podcast about the realities of the economy and the potential of an upcoming recession. In this episode, you will learn: How international trade plays … Read More Read More

Episode 28 – A Recession on the Horizon — with guest Paul Dietrich

March 18, 2020 09:00 - 29 minutes - 68.1 MB

As much as you may want it to, the economy cannot be stable forever. Many experts are predicting an impending recession, potentially as soon as this year. In this episode of The Truth About Wealth Podcast, Michael Parise sits down with returning guest Paul Dietrich, Copper Beech’s chief investment strategist, to talk recessions, the indicators … Read More Read More

Episode 27 – Options to Reduce Your Taxes for Your IRA — With Mary Read, CPC, CPFA, QPA

March 04, 2020 16:16 - 37 minutes - 42.6 MB

Let’s face it — saving money in taxes is always going to be a major goal of financial planning. In this episode, John and Michael Parise discuss tax-saving measures you can take with your IRA, with special guest Mary Read, CPC, CPFA, QPA, and national director of pension and protection planning at Pentegra Retirement Services … Read More Read More

Episode 26 – Is Your Estate Plan Public or Private?

February 12, 2020 09:00 - 32 minutes - 45.6 MB

Is your estate plan private or public? Do you even know what type of plan you have? In this episode of The Truth About Wealth Podcast, John and Michael Parise discuss estate plans, why they are typically in the public domain, and how to avoid a public process. In this episode, you will learn: Why … Read More Read More

Episode 25 – What is Estate Equalization?

January 29, 2020 09:00 - 31 minutes - 36 MB

It’s possible that you’re familiar with estate equalization, even if you’ve never heard of it until now. In this episode of The Truth About Wealth Podcast, John and Michael Parise explain why it’s important to discuss estate equalization during your family meetings. This is a must-listen conversation for parents of blended families, business owners, and … Read More Read More

Episode 24 – Case Study: Charitable Planning

January 15, 2020 09:00 - 31 minutes - 36.4 MB

For so many high-income families, charitable giving is an important part of their financial plan. But what does it mean to include charitable giving to help you meet your own financial goals? In this episode of The Truth About Wealth Podcast, John and Michael Parise share a case study about a family who included charitable … Read More Read More

Episode 23 – Qualified Opportunity Zone Funds Updates — With Brandon Hughes

December 30, 2019 09:00 - 35 minutes - 43.4 MB

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 … Read More Read More

Episode 22 – Buy-Sell Agreements Can Save You Millions

December 18, 2019 09:00 - 32 minutes - 37.5 MB

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 … Read More Read More

Episode 21 — Doing Well By Doing Good With ESOPs — With Rick Jaye, AIF®, CRC®

December 04, 2019 09:00 - 41 minutes - 47 MB

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 … Read More Read More

Episode 20 – Turn Your Philanthropy Into a Generational Project

November 20, 2019 09:00 - 34 minutes - 39.3 MB

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: … Read More Read More

Episode 19 – Life Insurance as an Asset Class

November 06, 2019 09:00 - 30 minutes - 46.3 MB

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 … Read More Read More

Episode 18 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 2

October 23, 2019 09:00 - 30 minutes - 34.4 MB

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 … Read More Read More

Episode 17 – Market Talks With Paul Dietrich, Fairfax Global Markets LLC: Part 1

October 09, 2019 09:00 - 36 minutes - 41.6 MB

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 … Read More Read More

Episode 16 – Private Insurance Structure — With Guest Mark Sims: Part 2

October 08, 2019 23:40 - 29 minutes - 36.6 MB

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 … Read More Read More

Episode 15 – Private Insurance Structure — With Mark Sims: Part 1

September 11, 2019 09:00 - 26 minutes - 29.8 MB

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 … Read More Read More

Episode 14 – 10 Strategies for Estate Planning

August 28, 2019 09:00 - 35 minutes - 40.4 MB

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 … Read More Read More

Episode 13 – 7 Common Objections to Trusts: Part 2

August 14, 2019 09:00 - 32 minutes - 44.1 MB

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 … Read More Read More

Episode 12 – 7 Common Objections to Trusts: Part 1

July 31, 2019 09:00 - 32 minutes - 44.6 MB

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, … Read More Read More

Episode 11 – Align Your Tribe

July 17, 2019 09:00 - 27 minutes - 37.7 MB

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 … Read More Read More

Episode 10 – It’s Not What You Make, It’s What You Keep

July 03, 2019 09:00 - 27 minutes - 38.3 MB

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, … Read More Read More

Episode 9 – How to Keep Top Management in a Competitive Job Market

June 19, 2019 09:00 - 28 minutes - 53.4 MB

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 … Read More Read More

Episode 8 – The Importance of Family Meetings

June 05, 2019 09:00 - 26 minutes - 49.1 MB

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 … Read More Read More

Episode 7 – The Copper Beech Process Case Study

May 22, 2019 09:00 - 29 minutes - 54.1 MB

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 … Read More Read More

Episode 6 – Using Trusts to Avoid Asset Protection Risks: Part 2

May 08, 2019 09:00 - 27 minutes - 50.9 MB

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 … Read More Read More

Episode 5 – Using Trusts to Avoid Asset Protection Risks: Part 1

April 24, 2019 09:00 - 28 minutes - 51.4 MB

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 … Read More Read More

Episode 4 – 10 Eye-Opening Questions to Protect Your Wealth: Part 1

April 10, 2019 09:00 - 28 minutes - 47.2 MB

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 … Read More Read More

Episode 3 – Audits Don’t Need to Be Scary

March 27, 2019 09:00 - 28 minutes - 47.3 MB

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 … Read More Read More

Episode 2 – Copper Beech is a Family Office

March 13, 2019 09:00 - 28 minutes - 45.6 MB

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 … Read More Read More

Episode 1 – Meet John and Michael Parise of Copper Beech Financial Group

February 27, 2019 09:00 - 32 minutes - 48.7 MB

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 … Read More Read More