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  • Secrets of the Super Rich - Episode 5 (Family Constitution)

    Secrets of the Super Rich - Episode 5 (Family Constitution)
    2021/04/02
    In the 5th installment of Secrets of the Super Rich, Vince and Jeff dive into a unique topic surrounding affluent families today. One of the biggest concerns facing affluent families today is how to manage their wealth so that it achieves many goals - from continuing to grow their wealth as it is transferred to younger generations, to aligning the use of that wealth with the values and ideals the family holds dear, to protecting that wealth from creditors and others who might seek to take it unjustly. Often the best place to start is to ensure that your family members are aligned and “on the same page” when it comes to key issues. A family constitution can be a great way to get that process going. Listen as Jeff and Vince showcase the importance and value that a family constitution can provide for affluent families. Timecodes: 00:15 - The big concerns facing affluent families today 02:20 - Unique challenges that can arise when families work together to manage assets 04:30 - The wealth-related issues that arise among families with significant assets 06:00 - What families can do to establish a more harmonious relationship in this realm 07:00 - How a family constitution promotes better relationships among the family 09:20 - How a family would go about drafting a family constitution 12:00 - Who from a family should be involved in these discussions 13:05 - How formal these family constitutions really are 14:36 - Additional advice to ensure a family constitution remains relevant over time 16:06 - Who families can turn to for help 18:00 - Summation of the reasoning behind utilizing a family constitution 22:00 - These strategies aren't only for the super rich Connect with Vince Annable: https://www.linkedin.com/in/vince-annable/ (LinkedIn) https://www.facebook.com/wsagaz (Facebook) https://www.vfoag.com/ (Website) https://www.youtube.com/user/WSAGLLC (YouTube)
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    24 分
  • Secrets of the Super Rich - Episode 4 (A Best Practice That Can Benefit You)

    Secrets of the Super Rich - Episode 4 (A Best Practice That Can Benefit You)
    2021/03/01
    One of the smartest financial moves that individuals and families can make is to learn what strategies are being used by people who are wealthier than they are. By doing so, they can evaluate if they are in a position to benefit by adopting those same habits and best practices. On the fourth installment of Secrets of the Super Rich, Vince and Jeff dive into the best practices that extremely wealthy people are utilizing on a consistent basis. Timecodes: 01:10 - An overview on the topic of today's episode 02:15 - Stress testing is a best practice that is used regularly 03:45 - Why stress testing is used so frequently by the super rich 05:30 - Stress testing isn't a process that is reserved for only the super wealthy 07:00 - A stress test's process all depends on the degree of financial complexity 08:06 - Stress tests can find wealth management errors for all types of clients 09:45 - Examples of issues that arise from a result of a stress test 11:15 - Why does there tend to be more problems with wealth plans of non-super rich? 12:45 - Stress tests are a very eye-opening process 14:25 - You need to have a coordinated plan among those managing your wealth 16:00 - What people should be doing now to ensure their wealth is managed properly 17:40 - How to benefit from a free stress test with Vince's team Connect with Vince Annable: https://www.linkedin.com/in/vince-annable/ (LinkedIn) https://www.facebook.com/wsagaz (Facebook) https://www.vfoag.com/ (Website) https://www.youtube.com/user/WSAGLLC (YouTube)
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    20 分
  • Secrets of the Super Rich - Episode 3 (What Makes Good Wealth Managers Great)

    Secrets of the Super Rich - Episode 3 (What Makes Good Wealth Managers Great)
    2021/02/04
    Vince Annable brings his unique perspective into play during the third installment of Secrets of the Super Rich. In this episode, Vince explores the very nature of wealth managers and how they work with affluent clients. In a practice that is primarily dominated by knowledge of dollars and cents, Vince believes there is a critical human element that comes into play as well. Individuals and families should demand more from their financial advisor. Plain and simple. A financial advisor should not just be reviewing your estate's financials, but they should also be taking your personal and financial goals into account as well. Therer are too many factors that come into play with managing one's finances and Vince shares why you shouldn't just settle for someone doing a "good job." So sit back, relax, and enjoy another great episode surrounding the topic of what makes a good wealth manager a great one! Timecodes: 00:10 - Overview on the episode's discussion points 01:30 - Why people should be demanding more out of their wealth managers 03:45 - What is the missing link? 06:30 - Why is the human element so important in wealth management? 09:12 - What is a stress test and how it plays a role in the human element? 10:50 - Are there ever instances where stress tests reveal no problems? 12:30 - How can you assess if a wealth manager is factoring in the human element? 14:50 - What would give Vince confidence in choosing the right advisor 16:15 - What does a good discovery process involve? 18:20 - Are there other important aspects of delivering the human element to clients? 19:30 - Additional content and free items for listeners! Connect with Vince Annable: https://www.linkedin.com/in/vince-annable/ (LinkedIn) https://www.facebook.com/wsagaz (Facebook) https://www.vfoag.com/ (Website) https://www.youtube.com/user/WSAGLLC (YouTube)
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    22 分
  • Secrets of the Super Rich - Episode 2 (5 Big Insurance Mistakes)

    Secrets of the Super Rich - Episode 2 (5 Big Insurance Mistakes)
    2021/01/19
    In the second installment of Secrets of the Super Rich, Vince Annable welcomes a special guest, Joe Weiss, Senior Insurance Specialist with The Bruce Gendelman Company, to discuss the complex nature of liability and coverage. As your wealth increases, so does your responsibilities. For those that may own multiple homes, car collections, jewelry, and more, there are countless elements to consider when it comes to insuring their worth. This is an episode you won't want to miss! So sit back, relax, and enjoy an enlightening conversation surrounding the five big mistakes that affluent homeowners make on an annual basis. Timecodes: 00:20 - Overview on topic of the show 02:30 - Introducing Joe Weiss 03:40 - Why does it make sense for homeowners to do a financial check-up? 05:30 - What are the five mistakes that affluent homeowners are making? 08:45 - What are the most concerning issues Joe sees with liability insurance? 11:10 - How can you tell if you lack adequate coverage? 13:15 - What are the insurance pitfalls to avoid if you own multiple homes? 16:30 - Failing to list LLCs on your homeowners insurance policy 19:00 - How stress tests apply to insurance coverage 19:45 - Why homeowners need to address their unique construction or architecture 22:05 - What mistakes these families are making when it comes to their "stuff" 26:35 - What are the next steps families should take to ensure they are covered 29:30 - Closing remarks and free offers Connect with Vince Annable: https://www.linkedin.com/in/vince-annable/ (LinkedIn) https://www.facebook.com/wsagaz (Facebook) https://www.vfoag.com/ (Website) https://www.youtube.com/user/WSAGLLC (YouTube)
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    32 分
  • Secrets of the Super Rich - Episode 1 (Stress Testing)

    Secrets of the Super Rich - Episode 1 (Stress Testing)
    2020/12/14
    In the inaugural episode of Secrets of the Super Rich With Vince Annable, Host Jeff Allen is joined by Founder & CEO of VFO Advisory Group, Vince Annable, to discuss the intricate nature of financial stress testing. As one of the most financially tumultuous years comes to an end, there is a great deal of uncertainty surrounding finances. Whether it was the COVID-19 pandemic, the controversial Presidential Election of 2020, or other factors, many people are wondering how to responsibly position their finances for success in 2021. Allow Vince to put your mind at ease and explain the benefits of stress testing. Through a robust and in-depth analysis, Vince and the team at VFO Advisory Group can review your personal or business finances and help calculate the right financial maneuvers given your future goals. So sit back, relax, and enjoy an enlightening conversation on the steps you can take now to ensure financial security during uncertain times. Timecodes: 01:15 - The goal of the show 02:00 - How people can begin protecting their finances through stress testing 03:30 - Why is stress testing such a valuable process? 05:30 - The 3 main ways stress tests can be utilized 07:20 - An example of why someone was prompted to reach out to Vince for a stress test 09:00 - An example of a stress test Vince did that improved someone's financial situation 11:50 - What are the keys to having a stress test done well? 14:30 - Why the human element is crucial during a stress test 15:30 - Understanding the client's goals lies at the heart of the stress testing process 18:00 - A lesson you can learn from stress testing 20:00 - What the stress testing experience looks like for clients 23:00 - Timeframe it takes to complete stress tests 25:00 - Best way to get in touch with Vince and the team at VFO Advisory Group Connect with Vince Annable: https://www.linkedin.com/in/vince-annable/ (LinkedIn) https://www.facebook.com/wsagaz (Facebook) https://www.vfoag.com/ (Website) https://www.youtube.com/user/WSAGLLC (YouTube)
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    27 分