Wealthyist

Guest: Jake Biernbaum, renowned horse trainer and founder of Pear Tree Ranch in Ocala, Florida. Known for his large YouTube following and expertise in natural horsemanship.

Key Points from the Episode:

Origin and Growth of Pear Tree RanchFounded in 2011 when Jake went independent after working with Parelli Natural Horsemanship. Started with almost nothing — living on ramen and PB&J, no truck or trailer. Grown into an international operation: clients fly in from Europe, South Africa, and across the US; offers in-person training, lessons, clinics, camps, and online video content (YouTube & Patreon). Now a family business run prima...

Duration: 00:39:02

In this episode of the Wealthiest podcast (hosted by Anthony Mlachnik, Senior Wealth Advisor at Annex Private Client), guest Chellee Siewert (President and Founder of Capture Sports & Entertainment) discusses how her firm helps professional athletes, entertainers, and organizations develop authentic philanthropic strategies.

Key highlights include:

End-of-Year Giving Trends — About 30% of annual charitable donations occur in December, with examples like athletes hosting shopping events for kids, fulfilling both wants and needs (e.g., debate team ties for a high schooler).Building an Authentic "Why" — Capture guides clients to identify personal stories and passions, define 2-3 impact pillars, alig...

Duration: 00:25:27

Host: Anthony Mlachnik (Senior Wealth Advisor, Annex Private Client)
Guest: Anna Franklin – Founder & Creative Director of Stonehouse Collective (Milwaukee/Wisconsin-based luxury interior design firm)

Anna’s Journey

Grew up in small-town Wisconsin → studied Public Relations → moved to Chicago for event planning & major-gift fundraising (10 years).Met husband in Chicago, moved back to Wisconsin (Whitefish Bay, Milwaukee area) ~10 years ago to raise family (now 3 kids).After first child, rediscovered creative passion → accidentally fell into home staging → became “the stager of Milwaukee” → pivoted to full interior design during 2020/COVID.Not a formally trained designer; acts as creative direct...

Duration: 00:29:58

Perfect episode for any entrepreneur who knows they’ll eventually sell but hasn’t yet faced the question: “What then?”

In this week’s Wealthiest episode, host Anthony Mlachnik sits down with Andy Oliver, a 30-year finance veteran, two-time business founder/exiter, and partner at Oak Hill Business Partners, a boutique consulting firm that helps lower-middle and middle-market owners dramatically increase enterprise value and prepare for a successful exit.

Key highlights and takeaways:

Andy’s Unusual JourneySurvived 9/11 (was half a block from the South Tower), which prompted him and his wife to leave NYC and return t...

Duration: 00:25:27

Equity Compensation – what it is, why companies use it, the main types, tax pitfalls, and planning tips.Why Companies Offer Equity CompensationPrimary goal: Attract, retain, and motivate top talent (especially in tech/AI race – Google, Apple, Nvidia, etc.).
Acts as “golden handcuffs” via vesting schedules (e.g., 25% per year over 4 years or a 3-year cliff).
Works for both public and private companies, but private-company equity is riskier (needs a liquidity event like IPO or buyout to have real value).

Main Types of Equity CompensationRestricted Stock Units (RSUs) – Most common & simplest  Company gives you actual shares (not an opti...

Duration: 00:19:12

Core Theme: How a middle-class Wisconsin upbringing, strong family values, and an athlete’s mindset of consistent small improvements shaped Steve Novak’s approach to money, lifestyle, and giving back — and kept him far away from the “broke ex-athlete” stereotype.

Key Takeaways from the Conversation:

Grounded Upbringing as the AnchorGrew up in Brown Deer, WI (middle/lower-middle class); dad was a teacher/coach, mom a nurse. Saw bigger houses and nicer cars as a kid → early motivation that real wealth required success without debt. Even after making NBA money, never felt the need for a mansion...

Duration: 00:33:01

In this episode of Wealthyist, host Brian Lamborne (Senior Wealth Strategist at Wealth Management) welcomes Nick Kozik, Director and Shareholder at TKO Miller, a Milwaukee-based boutique investment banking firm specializing in sell-side transactions for family-owned businesses (typically $15M–$250M enterprise value). The discussion dives into the current M&A landscape, strategies for business owners eyeing an exit, and pitfalls to avoid when selling.

Key Highlights

TKO Miller's Focus and Nick's RoleTKO Miller helps family-founder businesses navigate sales, emphasizing education and "bedside manner" for first-time sellers. Nick leads transaction teams (4–5 people per deal) in sectors like industrial/infra...

Duration: 00:26:13

In this empowering episode of Wealthyist—the podcast exploring the lifestyles, choices, and strategies of the affluent—host Deanne Phillips (a CFP and bodybuilding enthusiast) interviews Dr. Tes Jordens. Dr. Jordens, founder of 1988 Wellness (named for the year U.S. women gained independent access to small business loans), shares insights on midlife women's health, debunking myths around menopause, hormone replacement therapy (HRT), and obesity. The conversation ties into "wealthyist" trends, emphasizing proactive, private-pay investments in vitality as foundational to financial success and confidence.

Key Discussion Themes

Menopause Realities and Patient Journeys  Menopause symptoms (fatigue, weight gain, sleep...

Duration: 00:51:46

Estate planning is uncomfortable (addresses incapacity and death) but essential; integrate it naturally into life/financial discussions for comprehensive planning.

Key Checklist of Must-Have Documents & Designations

Powers of Attorney (POA):Financial & Healthcare POAs: Needed at age 18 (even for adult children, e.g., college prep). Parents lose decision rights post-18 without them.Will:Names executor; directs asset distribution at death.Critical for parents: Only place to name guardians for minor children.Works with trusts; "pour-over" will funnels forgotten assets into trust.Revocable Trust:Manages assets during life & at death; avoids probate.Becomes irrevocable at...

Duration: 00:19:38

In this episode of the "Wealthyist" podcast, hosted by Anthony Mlachnik, senior wealth manager for Annex Private Client, the focus is on private investments and their role in a diversified portfolio. Mlachnik is joined by Brian Jacobsen, Annex’s chief economic strategist, to discuss the nuances of private markets and their relevance for high-net-worth individuals.

The episode begins by defining private markets in contrast to public markets. Private markets include investments like private equity, private credit, private real estate, and private infrastructure, which are not publicly traded and thus don’t appear on stock tickers. Jacobsen addresses misc...

Duration: 00:18:31

The podcast "Wealthyist," hosted by Austin Grandinetti with guest Dr. Brian Jacobson from Annex Wealth Management, discusses a Forbes article highlighting shifts in the investment priorities of high net worth individuals. Key points include:

Shift to Income Generation: 82% of affluent investors now prioritize generating income over growth, a change observed over the past two years. This shift follows strong market returns in 2023, prompting investors to focus on locking in gains and securing income, possibly through fixed income or realizing capital gains for tax efficiency.High Net Worth Mindset: The focus on income is more prevalent among high net...

Duration: 00:09:17

Recently Dr. Brian Jacobsen and Brian Lamborne discussed implications of the OBBBA on Business Owners. In this episode of Wealthyist, hosted by Brian Jacobsen, Chief Economist at Annex Wealth Management, and featuring Brian Lamborne, Senior Wealth Strategist, the discussion focuses on the implications of the "one big beautiful bill" (likely referring to the Tax Cuts and Jobs Act or a similar tax legislation) for business owners across the lifecycle of a business: starting, running, and selling or winding up. Here's a summary of the key points:

1. Starting a Business

Choosing the Business Structure...

Duration: 00:36:04

In this republished episode of "Wealthyist" podcast Episode 24, host Brandon Lehman interviews Dale Kooyenga, president of the Metro Milwaukee Association of Commerce, about economic development in the Milwaukee region, specifically the Milwaukee Seven (M7), which represents seven counties in southeast Wisconsin: Milwaukee, Kenosha, Ozaukee, Racine, Walworth, Waukesha, and Washington. The M7 focuses on regional economic development to attract large companies like Microsoft, Eli Lilly, and Hasbro by leveraging the area’s strengths.

Key Points:

Attracting Companies: Companies choose Milwaukee over other regions like Chicago or Atlanta due to factors like access to water, a reliable en...

Duration: 00:20:17

In this week's episode of the "Wealthyist" podcast, hosted by Dr. Brian Jacobsen, Chief Economist at Annex Wealth Management, with guest Brian Lamborne, Senior Wealth Strategist at Annex Private Client, discussion focused on Qualified Small Business Stock (QSBS) and comparisons to the Qualified Business Income Deduction (QBID) from their previous episode. 

Here's a summary: QSBS applies to stock in a C corporation that has spent most of its life as a C corporation. Unlike QBID, which is a deduction for pass-through entities (e.g., partnerships, S corporations), QSBS offers an exclusion of capital gains when selling the s...

Duration: 00:10:42

 Exploring key tax provisions like Qualified Business Income (QBI) deduction and Qualified Small Business Stock (QSBS), and their implications for starting and selling a business, as influenced by the "One Big Beautiful Bill" (OBB).

Synopsis:
In this episode of Wealthyist, Dr. Brian Jacobsen and Brian Lamborne dive into the complexities of business tax strategies, likening them to an "alphabet soup" of acronyms like QBI and QSBS. They discuss how these provisions impact business formation, tax planning, and eventual business sales, particularly in light of the OBB's changes. The conversation highlights the importance of strategic entity selection (e...

Duration: 00:13:35

In this episode of Wealthyist, host Anthony Mlachnik, a senior wealth manager at Annex Wealth Management, interviews Collin Yelich, a former professional baseball player turned high-end real estate professional in southeast Wisconsin. The discussion focuses on Yelich’s transition from athletics to real estate, his integration into the Milwaukee community, and his work helping professional athletes and others settle into new environments.

Key points:

Career Transition: Yelich shares the challenges of moving from a structured life as a professional athlete to navigating the uncertainty of a new career during the COVID-19 pandemic. He describes the sense of...

Duration: 00:20:18

In this episode of "Wealthyist", hosted by Anthony Malachnik, Senior Wealth Manager, and Brian Jacobsen, Chief Economist at Annex Wealth Management, the discussion focuses on the implications of the "One Big Beautiful Bill" (OBBB), signed into law on July 4, for business owners planning their exit strategies. Key points include:

Importance of Exit Planning: Business owners are often deeply involved in daily operations, which can delay exit planning. The hosts emphasize the need for a proactive approach, supported by a team of advisors to navigate complex decisions.Impact of the OBBB: The bill provides clarity on tax provisions, particularly...

Duration: 00:11:57

In this episode of the "Wealthyist" podcast, hosted by Dr. Brian Jacobsen, Chief Economist at Annex Wealth Management, and featuring Erik Strom, Director of Financial Planning, the discussion centers on the impact of the "big beautiful bill" on charitable giving and tax-efficient strategies. Key points include:

Standard Deduction Increase: The 2017 Tax Cuts and Jobs Act doubled the standard deduction starting in 2018, leading many taxpayers, including Strom and his wife, to stop itemizing deductions, which contributed to a decline in charitable giving. The recent bill permanently extends this larger standard deduction with an additional boost, and a new senior...

Duration: 00:16:24

In this episode of Wealthyist, hosted by Brian Lamborne, senior wealth strategist at Annex Private Client, and featuring new team member Anthony Mlachnik, the discussion focuses on strategic financing as a tool for the wealthy. Continuing from a prior conversation on tax-aware investing, they explore how strategic financing leverages assets to borrow money tax-free, providing liquidity without triggering taxable gains. This approach is particularly useful for short-term needs, such as relocating from Wisconsin to Florida, funding college, or buying a car, by using options like margin accounts, pledged asset lines of credit, or home equity lines of credit.

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Duration: 00:12:14

In this episode of "Wealthyist," hosted by Brian Lamborne, Senior Wealth Strategist with the Annex Private Client Team, the focus is on tax-aware investing and aligning financial strategies with clients' purposes. Brian introduces Anthony Mlachnik, a new senior wealth manager at Annex Private Client, who shares his background and his experience working with complex clients nationwide.

The discussion centers on the importance of tax-aware investing, which involves aligning estate planning, investments, and tax strategies to optimize client outcomes. Anthony emphasizes the need to define a client’s purpose—such as family happiness or legacy building—to guide financ...

Duration: 00:14:17

In this episode of Wealthyist podcast, hosts Brian Lamborne, a senior wealth strategist, and Alec Durand, an estate planning attorney with Annex Wealth, discuss the implications of the recently passed One Big Beautiful Bill Act in the context of the Tax Cuts and Jobs Act of 2017 (TCJA). The TCJA, effective since 2018, doubled the federal estate tax exemption to around $14 million (adjusted to $13.99 million in 2025), reduced income tax brackets, doubled the standard deduction, and introduced benefits like the Qualified Business Income (QBI) deduction and bonus depreciation for businesses. These changes simplified estate planning for many, as fewer people faced federal...

Duration: 00:12:53

Episode Focus: The episode explores the lifestyles, choices, and strategies of the wealthy, with a specific focus on their interest in exclusive and rare wines, wine trends, and the art of collecting and storing wine.

Key Points Discussed:

A Memorable Wine Hunt Story:Ben from Waterford Wine (https://waterfordwine.com/) shares a story from 20 years ago when a CEO visited his store and requested a specific wine, Masetto. Initially unfamiliar with it, Ben researched and tracked down a rare three-liter Jeroboam bottle after persistent effort. This led to a valuable client relationship, showcasing the effort...

Duration: 00:32:10

This week's episode of Wealthyist podcast, hosted by Kent Helene, Associate Wealth Manager at Annex Wealth Management, features a conversation with Sandy Wysocki, Executive Director of the Sharon Lynne Wilson Center for the Arts. The episode explores the intersection of arts, philanthropy, and financial planning, particularly for high-net-worth individuals. Here’s a summary of the key points:

Overview of the Sharon Lynne Wilson Center: Sandy discusses the center’s mission to provide a vibrant arts destination in Brookfield, Wisconsin, focusing on performing arts, arts education, and visual arts. The center serves as a cultural anchor in the Greater Milw...

Duration: 00:15:58

In episode 25 of "Wealthyist," Annex Private Client Wealth Strategist Brian Lamborne  discusses charitable giving with Jason Kohout, Chair of the Family Office area at Foley and Lardner and director of the Wisconsin Philanthropy Network. Kohout, an estate planner, focuses on helping clients with wills, trusts, tax planning, and charitable contributions, including creating private foundations. Key points include:

Current Trends: High-profile charitable acts, like the Patagonia founder donating 98% of the company to environmental causes, are rare but notable. Naming rights for buildings at universities or hospitals are common in philanthropy.Economic Impact: Recent economic turbulence hasn’t significantly altered cha...

Duration: 00:21:53

In this episode of "Wealthyist" podcast, host Brandon Lehman interviews Dale Kooyenga, president of the Metro Milwaukee Association of Commerce, about economic development in the Milwaukee region, specifically the Milwaukee Seven (M7), which represents seven counties in southeast Wisconsin: Milwaukee, Kenosha, Ozaukee, Racine, Walworth, Waukesha, and Washington. The M7 focuses on regional economic development to attract large companies like Microsoft, Eli Lilly, and Hasbro by leveraging the area’s strengths.

Key Points:

Attracting Companies: Companies choose Milwaukee over other regions like Chicago or Atlanta due to factors like access to water, a reliable energy grid, an...

Duration: 00:20:17

In this episode of the Wealthyist podcast, hosts Brian Lambourne and Alec Durand discuss the common misconception that forming an LLC is primarily for tax benefits. They clarify that the primary purpose of an LLC (Limited Liability Company) or corporation is to limit liability for business owners, not to provide tax advantages. 

Key points include:

Purpose of LLCs and Corporations: These entities are designed to protect business owners from personal liability for business-related actions, separating personal and business assets. For example, an LLC can shield owners from liabilities arising from the business, but it does not p...

Duration: 00:20:27

In this episode of the Wealthyist podcast, hosted by Brandon Lehman, Director of Private Client, the focus is on the booming global pet care market, valued at $247 billion in 2023 and projected to reach $425 billion by 2032. Lehman interviews Allen Kline, owner of K9 Resorts of Brookfield, a luxury dog daycare and boarding facility branded as the "Ritz-Carlton of dog hotels." 

Key Points:

Luxury Pet Care Concept: K9 Resorts was inspired by high-end hospitality, addressing a gap in premium pet care. Founders, two brothers from New Jersey, modeled it after luxury hotels, incorporating features like chandeliers, premium air q...

Duration: 00:19:38

The podcast "Wealthyist," hosted by Carl Holzem, a client service manager and golf enthusiast, explores the lifestyles and strategies of wealthy individuals, focusing on their affinity for golf. Joined by Rob Jansen, Executive Director of the Wisconsin State Golf Association (WSGA) since 2011, the episode delves into golf's appeal to the affluent and its growth in Wisconsin.

Key Points:

WSGA's Role: The WSGA, a nonprofit, promotes golf in Wisconsin by organizing 100 tournaments annually for all skill levels, providing course measurement and rating services, and offering golf handicap indexes to ensure fair play across skill levels.Golf's Boom...

Duration: 00:22:11

This episode of Wealthiest, hosted by Alec Durand and Brian Lamborn, attorneys at Annex Wealth Management, focuses on the importance of "spring cleaning" for corporate records, particularly for small business owners. They emphasize the need to maintain and update corporate paperwork to ensure legal compliance, protect personal assets, and enhance business efficiency. Key points include:

Importance of Corporate Records: Corporate records, such as operating agreements, articles of organization, annual meeting minutes, and employee-related documents (e.g., W-4s, payroll taxes, ERISA/401k records), are critical for maintaining the liability shield provided by entities like LLCs or corporations. This...

Duration: 00:17:34

In this episode of Wealthyist, host Brandon Lehman, director of Annex Private Client, interviews Charlie Dixon, president of Schwanke-Kasten Jewelers in Milwaukee, to discuss the luxury watch industry, its evolution, and trends. The conversation covers the following key points:

Introduction to Watches:Lehman shares his personal connection to watches, mentioning his Garmin Tactics Delta, a military-inspired fitness tracker gifted by his wife. He uses it to monitor sleep, heart rate, and fitness, reflecting the growing popularity of smartwatches.Dixon explains the historical shift of wristwatches from women’s jewelry (early 1900s “wristlets”) to masculine accessories during World War I, whe...

Duration: 00:14:27

In this episode of Wealthyist podcast, host Brandon Lehman, director of Annex Private Client, discusses estate planning with a focus on inherited gold and jewelry. He is joined by Charlie Dixon, president of Schwanke Cash and Jewelers. Key points include:

Rising Gold Prices: With gold at $3,400 per ounce (up over $1,000 from last year), estates with gold jewelry or items are increasingly valuable, prompting heirs to consider their options.

Estate Planning Challenges: Inheriting valuable items like gold, watches, or jewelry requires tracking for estate planning, unlike less valuable items that are simply passed down.

...

Duration: 00:11:50

In this episode of "Wealthyist," host Brian Lamborn, Senior Wealth Strategist at Annex Wealth Management, continues his discussion with Ryan Klund from the National Christian Foundation (NCF) about charitable giving, focusing on donor-advised funds (DAFs) and their role in wealth planning. 
The conversation contrasts DAFs with private foundations, particularly for successful business owners who value control. Ryan explains that private foundations offer significant control but come with administrative burdens and IRS rules, sometimes becoming overwhelming for heirs after the founder’s passing, leading some to roll assets into DAFs for simplicity. DAFs, as public charities, allow donors to dir...

Duration: 00:16:35

In this episode of "Wealthyist," host Brian Lamborne interviews Ryan Klund from the National Christian Foundation (NCF). The two met at an Exit Planning Institute event and discovered overlapping interests between Annex Wealth Management, where Brian works, and NCF. Ryan introduces NCF as the largest Christian donor-advised fund, designed to assist Christians serious about generosity with creative giving solutions, though it also serves some non-Christian clients. He describes a donor-advised fund as a hybrid between a charitable checking account and a cost-effective alternative to a private foundation, likening it to a "container ship" where families can manage charitable giving...

Duration: 00:14:40

This episode of Wealthyist, hosted by Brandon Lehman of Annex Wealth Management,is  based on his recent observations from eight weeks of work-related travel.

Central Question: "What’s Next After Retirement?"

Lehman notes a recurring question from successful executives nearing retirement: “What do I do next?” Many have thrived in corporate life, amassed wealth, and are ready to leave the 9-to-5, but they still want to work in some capacity.A common follow-up is whether to follow a friend’s lead into consulting. Lehman suggests “yes” if they want to keep working, as consulting offers flexibility (e.g., walking...

Duration: 00:10:54

The podcast "Wealthyist," hosted by Brandon Lehman, Director of Annex Private Client, addresses the common question posed at mergers and acquisitions conferences: "How do I even get started?" with regard to transitioning out of a business while ensuring a prosperous life post-exit. Lehman explores various exit strategies beyond the humorous option of death, such as selling to the next generation, employees, an outside party, a competitor, or pursuing a private equity route. He emphasizes the importance of starting succession planning early—even if the business is only a few years old—to build value independent of the owner’s direct...

Duration: 00:12:03

In this episode of "Wealthyist", hosted by Brandon Lehman, Director of Annex Private Client at Annex Wealth Management, the focus is on the importance of diversification for business owners. Lehman emphasizes that many business owners invest all their time, energy, and resources into building their businesses, often neglecting to diversify their assets. This lack of diversification can leave them vulnerable to various risks, such as economic downturns, regulatory changes, or shifts in market conditions, which could render their business worthless or unsellable.

Key points from the podcast include:

Risk of Non-Diversification: Business owners who pour everything...

Duration: 00:12:49

In this episode of "Wealthyist,"  Liam McKinney, Wealth Strategist at Annex Wealth Management, featuring Brian Jacobson, the Chief Economist at Annex Wealth Management. The episode focuses on private equity, its appeal to wealthy investors, and its role in portfolio diversification.

The podcast begins by highlighting the growth of private equity, noting that in 2024, U.S. private equity deal value rose 19.3% from the previous year to $838.5 billion. Private equity is defined as investing in companies not traded on public exchanges, contrasting with public equity like stocks on the NYSE or NASDAQ. It encompasses a range of investments, from v...

Duration: 00:21:32

In the podcast "Wealthyist," hosted by Brian Lamborn, guest Rose Gray from Fox World Travel discusses the evolving travel preferences of the wealthy. Traditionally, wealthy travelers sought luxury, exclusivity, and unique experiences, often influenced by a "keeping up with the Joneses" mentality. However, Rose notes a shift toward seeking novel, immersive destinations like Morocco, India, and Peru, which they tend to keep secret to avoid overtourism, as seen with the Maldives' overwater bungalows becoming harder to book.

Modern wealthy travelers prioritize cultural immersion, interacting with locals beyond mere service—such as hiring private drivers to visit villages an...

Duration: 00:19:35

The podcast features Liam McKinney, a strategist, and Brian Jacobson, Chief Economist, discussing the growing trend of private credit among wealthy investors. They note a nearly 25% increase in asset growth for forty act funds in 2024 compared to the previous year, highlighting the rising interest in this space.

Private credit, part of the alternative asset class, involves non-publicly traded debt or loans, often provided by non-bank lenders to small and mid-sized businesses. Historically, access to private lending required significant wealth, but newer structures, like perpetual funds, have lowered the entry barrier, allowing more investors to...

Duration: 00:15:55

Introduction:

The episode begins with the notion that many people believe the wealthier you are, the more likely you have your life organized, a perception possibly exaggerated by social media.

Main Discussion Points:

Misconceptions about Wealth:The hosts challenge the idea that wealth equates to having life together, noting that wealth often brings complexity and more variables to manage.Statistics on Wealth Management:They discuss statistics from WealthX and CNBC, indicating that a significant portion of ultra-high net worth families seek advisors who offer both financial and emotional guidance, and many wealthy individuals...

Duration: 00:14:20

Nightmare Scenarios in Business and Wealth Management:Losing Control of Assets: Lehman compares the panic of losing a weapon in the military to the fear of losing control over one's business or assets due to lack of planning.Succession Planning Failures:Multiple Owners: If a business has multiple owners or potential inheritors (like a farm with several children, only one of whom works it), poor planning can lead to conflicts or even dissolution of the business. Examples include:A farm where non-working children have equal say, leading to operational issues.A business where one owner's death leads to court battles...

Duration: 00:13:01

In this episode of "The Wealthiest" podcast, Brandon Lehman and guest Brian Lamborne, a tax law expert, discuss the intricacies of business succession planning, emphasizing the importance of starting this process from the inception of a business. They cover critical aspects like the alignment of business owners, the choice between stock and asset sales, and the significant role of professional advisors in navigating these complex decisions. The discussion highlights that effective succession planning should not only focus on selling the business but also on managing unexpected circumstances, ensuring all stakeholders' interests are considered, and planning for future implications like...

Duration: 00:12:54

This episode of "The Wealthiest" podcast, hosted by Brandon Lehman from Annex Wealth Management, continues the discussion on year-end financial planning for wealthy individuals. Here's a summary of the key points covered:

Main Topics:

Tax Loss Harvesting: Lehman stresses the importance of this strategy to offset capital gains with losses. He notes it's something that should be done throughout the year but is particularly relevant at year-end. He emphasizes the need for professional guidance to navigate the complexities.Life Insurance Review: Not about buying more but understanding what coverage you currently have. Ensuring you know the...

Duration: 00:09:51

This episode of Wealthyist focuses on end-of-year financial planning for wealthy individuals. Here's a summary:

Key Points Discussed:

Year-End Reflection and Planning: As the year closes, it's crucial to reflect on past financial activities and prepare for the next year. This involves enjoying the holiday season but also taking time for strategic financial planning.Documents to Review:Annual Statements: These should be reviewed to understand portfolio performance, diversification, and what adjustments might be needed for 2025. They are typically published early in January.Alternative Investments: Information from investments like private equity or venture capital...

Duration: 00:10:19

The podcast episode focuses on estate planning in the post-election landscape, emphasizing the need for continued strategic planning despite uncertainties in tax law changes. Here's a summary of the discussion:

Post-Election Estate Planning: The conversation begins by addressing the common fear that people might slow down on estate planning after the election due to the belief that significant legislative changes might not occur immediately. However, the guests stress the importance of not halting planning, given the potential for future changes in estate tax laws.Current Legal Landscape: The episode discusses how, under current law, the...

Duration: 00:11:50

Wealthiest Podcast - Clothier Tim Cornell

In this episode of the Wealthiest Podcast, host Brandon Lehman, Director of Annex Private Client at Annex Wealth Management, discusses the evolution of professional attire in the context of wealth and status, with insights from Tim Cornell, a professional clothier from Tom James.

Key Points:

Post-Pandemic Fashion Shift: The conversation begins with the observation that since the pandemic, there has been a noticeable shift in professional attire. People have adopted more casual and comfortable clothing, even in professional settings, which Lehman and Cornell refer to as "dressing down."...

Duration: 00:19:51

Wealthiest Podcast - Tax Strategy and Wealth Management

In this episode, Brandon Lehman, Director at Annex Private Client of Annex Wealth Management, delves into the topic of taxes within the context of wealth management, emphasizing how taxes can be viewed as an opportunity rather than just an obligation.

Key Points:

Taxes as Opportunity: Leamon starts by reframing the concept of taxes. Instead of viewing them negatively, he suggests seeing them as an aspect of financial planning where efficiency can be maximized.Tax Efficiency: The discussion highlights the importance of understanding and optimizing one's tax...

Duration: 00:10:14

In this episode of the Wealthyist Podcast, host Brandon Lehman, Director at Annex Private Client, explores the intricacies of C-suite compensation, emphasizing its importance not only for senior executives but for anyone aiming for financial wealth and success.

Introduction to C-Suite Compensation: Lehman explains that C-suite compensation goes beyond regular salary and bonuses, including elements like non-qualified stock options, incentive stock options (ISOs), restricted stock, and deferred compensation. These are designed as incentives but also serve as "golden handcuffs" to retain top executives.Complexity and Lack of Understanding: These compensation packages are often complex, and...

Duration: 00:08:05