In this illuminating episode, we delve into the fascinating realm of human longevity with our esteemed guest, David Karow, President & CIO of Human Longevity, Inc. As our lifespans extend, we are faced with profound questions about how to optimize both our health and our financial well-being.Join us as we explore the latest advancements in longevity science and how they are reshaping our understanding of aging. From cutting-edge genetic research to innovative health interventions, we uncover the keys to living longer, healthier lives.But longevity isn't just about adding years to our lives—it's also about ensuring those years are filled with vitality and quality. We discuss the importance of proactive health management, personalized medicine, and preventive strategies to ward off age-related diseases and maximize wellness in our later years.Chapters:0:00 - Introduction and overview on the topic of the day1:39 - Conversations surrounding human longevity are becoming more popular3:24 - Welcoming David to the show and an overview on longevity planning7:15 - The benefits of taking a more proactive approach to your health10:53 - Leveraging data to make very informed health and wealth decisions 15:38 - Longevity planning goes way beyond pills and treatment procedures18:22 - Areas where we need to improve our current health care system21:23 - How to get in touch with David and his team at Human Longevity, Inc.23:25 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

How confident are you about what will happen to your assets—and your loved ones—after you’re gone? On the latest installment of Advance Your Wealth, we’re looking at a truly important topic: your estate plan and whether it’s set up to get the results you want. In particular, we’ll be focusing on three main components of an estate plan that can potentially position most families for success.Chapters:0:00 - Introduction and overview on the topic of the day1:37 - Why this topic is becoming so important among investors and families3:05 - The delicacy involved in estate planning efforts4:24 - The three key areas of estate planning5:23 - What makes a will a foundational piece of estate planning6:51 - Navigating trusts and how they can impact a family's estate planning9:52 - How to decide if a trust makes the most sense for you and your family12:36 - The fiduciary you choose to work with on your estate plan15:37 - Your estate plan can get out-of-date rather quickly17:20 - How to get in touch with Homer and his team19:20 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

When it comes to building, preserving and transferring wealth, it’s natural to look to the wealthiest among us for insights and actions we might adopt in our own efforts. On the latest installment of Advance Your Wealth, we’re examining five personal finance lessons from the so-called Super Rich, those with a net worth of at least $500 million. The steps they take, and don’t take, may prove illuminating as you journey down the path toward your most important financial goals.Chapters:0:00 - Introduction and overview on the topic of the day1:29 - Homer's big-picture takeaway on how the Super Rich build their wealth2:50 - Working with the best experts you can find4:24 - How to identify top-tier professionals to work with6:05 - Going beyond the numbers7:58 - Recognizing the importance of negotiation9:37 - Trust, but verify 11:17 - The importance of keeping your emotions in check12:28 - Tips for staying logical during emotionally tough circumstances13:54 - How to get in touch with Homer and his team14:48 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s a good idea to consider which type of buyer is the right one for you and your company. On the latest episode of Advance Your Wealth, we’re exploring how these two categories of buyers could play an important part in how much you get for your companyChapters:0:00 - Introduction and overview on today's topic1:18 - Understanding your options as a business owner2:07 - An overview on financial buyers3:12 - How the seller fits into the financial buyer's vision for the company4:16 - How entrepreneurs typically encounter financial buyers6:02 - The differences between a financial buyer and a strategic buyer7:11 - How strategic buyers approach the buying process9:24 - The different types of strategic buyers10:31 - How to decide which type of buyer makes the most sense for your company13:08 - Why would a strategic buyer make sense for you and your business? 15:21 - How to get in touch with Homer and his team for more information16:40 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Life is full of transitions. Plain and simple. However, one of the biggest transitions a business owner can make in their lifetime is the transition out of their business. In many instances, they've worked decades to build up this business and there are a variety of personal, financial, and emotional considerations at play. In the latest episode of Advance Your Wealth, Homer explores the key decisions a business owner is faced with during this major milestone in their life. Chapters:0:00 - Introduction and overview on the topic of the day1:01 - The major events in a business owner's life3:55 - Transitioning to sell the business internally or externally5:56 - I've sold my business. Now what? 8:57 - Transitioning family wealth to your heirs in a positive and strategic manner12:17 - How to get in touch with Homer to discuss this topic individually14:30 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Many business owners are always looking to motivate their employees, generate better results and save themselves some taxes. On a prior episode, we discussed a retirement plan and succession tool called an employee stock ownership plan, or ESOP.In today's discussion, we're diving deep into the tax considerations for business owners when utilizing an ESOP, and what you should be thinking about before initiating a program like this. Chapters:0:00 - Introduction and overview on the topic of the day1:50 - How an ESOP works and who it works best for3:52 - Why an ESOP would be beneficial for a business from a tax perspective6:47 - How an ESOP can benefit the business owner from a tax perspective8:52 - A story covering a client that leveraged an ESOP for his business12:58 - How to get in touch with Homer and his team16:15 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale. On the latest installment of Advance Your Wealth, we’re looking at five ways business owners who sell their companies might mitigate taxes. Let’s dive in!Chapters:0:00 - Introduction and overview on the topic of the day1:35 - The top-of-mind concerns for entrepreneurs selling their business3:31 - Transferring assets regularly over time5:20 - Section 1202 and the benefits of leveraging this approach7:11 - How trust planning and charitable planning factors into the sale of a business10:35 - Navigating gifting strategies prior to the sale of a business12:56 - A big conversation with business owners after the business has been sold16:54 - How life insurance solutions can add value 21:18 - Homer's one big takeaway!23:31 - How to get in touch with Homer and his team24:32 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Growing up is hard, especially in today's day and age. But when you add financial challenges, like the transfer of significant wealth from an older generation to their heirs, life can become overwhelming for today's youth. On the latest episode of Advance Your Wealth, we sit down with Barry Garapedian, the visionary Founder & CEO of Mag 7 Consulting, a boutique coaching, mentoring, and advisory firm tailored specifically for high-school and college-aged students. In this conversation, Barry shares the remarkable journey of MAG 7 and how it has become a beacon for young individuals seeking to unlock their full potential.Barry sheds light on the importance of mentorship and coaching during the crucial formative years. Gain insights into the methodologies employed by MAG 7 Consulting to nurture skills, foster resilience, and instill a mindset of success in the next generation.Enjoy!Timecodes:0:06 - Introduction and overview on the topic of the episode1:03 - The importance of long-term wealth planning within families3:05 - Welcoming Barry Garapedian to the show!3:55 - Barry's career pivot from wealth management to Mag 7 Consulting6:41 - The greatest challenges facing today's youth9:22 - Kids growing up in a wealth environment and the importance of instilling financial wisdom12:37 - How Mag 7 actually works with today's youth 16:00 - Teaching clients the power of a handwritten note17:45 - The responses Barry receives from parents of his clients19:52 - The difference between an expectation and an agreement23:50 - The 7 self-development lessons you never learned in school26:48 - How to learn more about the work Barry does for clients through Mag 7 Consulting28:02 - How to connect with Homer and his team28:51 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

On the latest installment of Advance Your Wealth, we're joined once again by Joseph Sykora, Equity Analyst and Portfolio Reviews at Aptus Capital Advisors, for a deep analysis into the market's current affairs. As Joseph and his team monitor the market's performance, there have been two noteworthy categories of discussion to consider: Earnings and Interest Rates. Join us for another enlightening conversation, where we unpack some of the key considerations for your financial portfolio given some of the top trends unfolding in the markets. Timecodes:0:06 - Introduction and overview on the topic of the show1:16 - An overview on the most notable topics from Q36:03 - How rising interest rates are impacting the market and government10:17 - The cycle surrounding the government addressing a deficit11:49 - How to get in touch with Homer and the team for additional discussion12:20 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Simply having significant wealth doesn’t guarantee a great life. For example, inheritors often face a number of significant challenges at various points in their lives, including the years before they receive their inheritance as well as after wealth is transferred to them. On the latest episode of Advance Your Wealth, we’re looking at some of the issues and hurdles that inheritors of significant wealth may need to overcome—along with strategies aimed at addressing them successfully.Timecodes:0:06 - Introduction and overview on the topic of the day1:23 - What Homer's team is known for2:29 - There are challenges associated with giving and receiving wealth5:13 - Where families can begin to effectively navigate these challenges7:00 - The red flags to be on the lookout for8:58 - Steps your family can be taking to avoid these mistakes overall10:20 - Advice on dealing with the emotional challenges of inheriting wealth13:02 - Smart ways we can be good stewards of our wealth15:21 - The bottomline: Addressing the challenges of giving and receiving wealth17:30 - How you can get in touch with Homer's team and learn more about a VFO18:25 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

The market year-to-date has brought along some major changes worth reflecting on. Rising interest rates, inflation, a bolstered tech sector and an uncertain path forward into 2024.On the latest episode of Advance Your Wealth, we’re looking back at Q3 and forward to Q4 and beyond. We discuss market trends, Mega Cap Tech, how Konvergent Wealth Partners defends its clients portfolios, and where the market appears to be heading in 2024. Timecodes:0:06 - Introduction and overview on the topic of the show1:19 - What are some high level year-to-date trends the Konvergent team is noticing? 2:28 - What's moving the S&P...the Magnificent Seven? 3:15 - What caused the major market moves in August?4:36 - Mega Cap Tech and Impact on the Market as a whole.6:23 - The Search for Safe Staple Stocks May Surprise You.7:19 - 3rd Quarter Earnings vs. Expectations for the Future.9:45 - Q4 and Excess Savings...What to Expect.11:05 - How Well Do Valuations Predict Market Prices?12:07 - Earnings Yields vs. Real Inflation Adjusted Interest Rates13:25 - How Portfolios Stay Ahead of the Curve.15:05 - Closing Remarks and How to Connect with Konvergent Wealth Partners.16:05 - Disclosures.Connect with Homer Smith:FacebookLinkedInWebsite

Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum. On the latest episode of Advance Your Wealth, we’re looking at whether family banks could be a smart move for you!Timecodes:0:06 - Introduction and overview on the topic of the show1:15 - What is a Family Bank? 2:28 - What is a Family Bank ultimately used for? 3:39 - How a Family Bank supports a family and fosters financial intelligence5:04 - A Family Bank can help people with their business-building desires6:33 - Family Banks are meant to be a formal solution within your estate7:50 - Family Banks can offer custom solutions to help address family needs overall9:17 - Who can leverage a Family Bank? 10:42 - How a family sets up and utilizes their Family Bank over time12:46 - How to get in touch with Homer and his team to discuss Family Banks14:20 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Like many of us, the wealthiest people often worry about their health, their families and their finances. On the latest episode of Advance Your Wealth, we’re looking at how you can adopt some of the Super Rich’s strategies for addressing their fears and staying on the right track.This episode is packed with helpful considerations for your own financial world. Let's get started!Timecodes:0:06 - Introduction and overview on the topic of the day1:01 - Even significant wealth doesn't eliminate fundamental challenges3:24 - How wealth plays a role with health for many of us4:45 - An overview on concierge medicine7:18 - Navigating dysfunctional family dynamics and how they threaten wealth11:57 - We all fear losing our wealth13:27 - Recommendations on fighting the fear of losing your wealth15:15 - Taking the best ideas from the billionaires and implementing them for everyone16:50 - How to get in touch with Homer and his team18:20 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

As the year progresses, investors and analysts alike have been on the edge of their seats, closely observing the ebb and flow of various markets.On the latest episode of Advance Your Wealth, Homer welcomed Joseph Sykora, Equity Analyst and Portfolio Reviewer with Aptus Capital Advisors, to review the market's performance over the last few months and discuss what the remainder of the year has in store for investors of all types. This episode is bound to leave you with some helpful strategies that you can consider for your own financial world. Enjoy!Timecodes:0:06 - Introduction and overview on the topic of the day1:00 - How the market has been performing thus far in 20232:50 - Interest rates being raised by 25 basis points5:02 - Is inflation largely behind us? 7:45 - The bear vs. bull market cases 10:29 - What we can expect throughout the remainder of 202312:25 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Today's episode features a slightly different format than what our audience is accustomed to!In order for a business owner to have their "dream exit," many boxes need to be checked in advance of the date of sale. Fortunately, Homer and his team at Konvergent Wealth Partners works diligently with their business owner clients to prepare their business for its sale and ensure they're maximizing the value of their clients' life work. Recently, Homer was invited to be a guest on the Middle Market Moment podcast, featuring Craig Dickens, CEO of JD Merit, for a deep dive into this conversation. There's a lot to unpack here, so let's get right into it!Timecodes:0:06 - Introduction and overview on the topic of the day1:16 - Welcoming Homer to the show1:53 - The personal readiness, the business readiness and the market aligning4:08 - The business owner's transition out of the business' day-to-day9:12 - The intangible benefits of being prepared when selling your business11:54 - How much business owners leave on the table when they aren't adequately prepared18:15 - The value of doing tax planning up front22:15 - The commonly used vehicles to help business owners from an estate planning perspective28:18 - There's a difference between planning and implementing your plan33:16 - What a business owner can be doing right now to kick off their planning process36:50 - How to get in touch with Homer and his team37:54 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

The first half of 2023 has been a successful time for investors. Plain and simple. But will it continue? That's the big question at hand! On the latest episode of Advance Your Wealth, Homer welcomed Joseph Sykora, Equity Analyst and Portfolio Reviewer with Aptus Capital Advisors, to review the market's performance over the last few months and discuss what the future has in store for investors of all types. This episode is bound to leave you with some helpful strategies that you can consider for your own financial world. Enjoy!Timecodes:0:06 - Introduction and overview on the topic of the day1:45 - Bringing Aptus Capital Advisors onto the show to analyze a successful 2023 thus far3:18 - Joseph Sykora's thoughts on where the market stands today4:49 - What drove this unexpected positive trajectory within the market6:54 - "Don't fight the FED"9:50 - Has the market moved ahead of itself? 13:25 - The risks existing within the market 18:16 - General concerns regarding debt, student loans, etc in the future21:57 - We need a combination of offense and defense in your portfolio23:34 - How you can get in touch with Homer and his team24:58 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Sometimes, wealth occurs very suddenly. And along with the perks of new wealth, comes many challenges and issues to address. On the latest episode of Advance Your Wealth, Homer examines some ideas and action steps to consider if you or someone in your life becomes very wealthy, very rapidly.Timecodes:0:06 - Introduction and overview on the topic of the day1:30 - Significant wealth is typically created over a long period of time3:10 - Sudden wealth comes with serious risk4:20 - How should you navigate sudden wealth and begin healthy financial planning efforts?7:04 - Mistakes you should avoid in the event you become suddenly wealthy9:20 - The biggest challenges of managing sudden wealth11:50 - How asset protection planning efforts come into play 13:37 - The big picture on managing sudden wealth for you and your family15:45 - How you can get in touch with Homer and his team17:52 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

Artificial Intelligence. It's one of the hottest topics of conversation among business leaders and organizations at large...and for good reason!On the latest episode of Advance Your Wealth, Homer is joined by Adam Butler, Chief Intelligence Officer at ReSolve Asset Management, for a deep dive into the innovations that AI has brought upon the business world. By leveraging Chat GPT, among an array of other AI tools, business leaders are able to transform the very definition of productivity and allow their organizations to accomplish more with less. Timecodes:0:06 - Introduction and overview on the topic of the show1:40 - Why business owners should be thinking about the implications of AI2:53 - Welcoming Adam Butler to the show4:05 - How AI tools are generally impacting the realm of business8:30 - The most common AI tools that people should be considering in their day-to-day lives12:58 - How you can leverage AI to benefit your life today19:06 - Leveraging Chat GPT to develop email copy27:25 - The concerns among Chat GPT and other AI tools available to the masses36:15 - Who do you sue when AI messes up? 43:13 - How AI has impacted education at large50:23 - Adam's recommended AI tools and plugins you should utilize55:10 - How to get in touch with Homer's team56:30 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

The market fluctuates. Plain and simple. But it's how we plan and react to these changes that makes all the difference!On the latest episode of Advance Your Wealth, Homer welcomed Dave Wagner, Equity Analyst and Portfolio Manager with Aptus Capital Advisors, and John Luke Tyner, Portfolio Manager and Fixed Income at Aptus Capital Advisors, for a deep dive into some of the key investment themes that we should be observing these days. Dave and John Luke share their insights on the current market situation, as well as their expectations on the future. This episode should leave you with some helpful takeaways for your own financial world!Timecodes:0:06 - Introduction and overview on the topic of the day1:15 - We're not trying to predict the future, but we want to be prepared3:40 - Bringing the right research group to the table and optimize our work for clients4:40 - Dave Wagner and John Luke Tyner share how Aptus Capital Advisors work with clients6:36 - Why the market still remains up despite bigger concerns8:57 - What led to the banking crisis? 12:20 - How the Feds are navigating this banking crisis and financial challenges15:41 - Issues that could come to fruition 19:41 - How Aptus is approaching the near future and looking at portfolio construction21:37 - We're a team that coordinates expertise for our clients22:50 - How you can get in touch with Homer's team23:20 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite

We all have the standard insurance that helps protect us and our finances, such as auto insurance and homeowners insurance. But are those policies enough to safeguard your assets if you’re faced with an extremely big claim against you? On the latest episode of Advance Your Wealth, we’re joined by Jennifer Alimonda, Director of Private Client Solutions at Sterling Risk, and taking a closer look at personal umbrella insurance. Primarily, we're pinpointing just how important it can be if you have significant assets!Timecodes:0:06 - Introduction and overview on the topic of the day1:21 - Who is Jennifer Alimonda? 2:48 - Jennifer's background with Sterling Risk and her experience with insurance policies4:05 - What is personal umbrella insurance? 5:37 - Where an umbrella policy comes into play8:10 - Are you covered in the event of a tragic incident with many lawsuits?11:15 - The risks associated with having significant assets15:55 - The amount of umbrella policy protection you should consider17:57 - The factors that influence insurance premiums20:42 - Personal umbrella policies are very broad23:22 - Reach out to your broker and discuss the need for an umbrella policy26:09 - How you can get in touch with Homer and his team27:18 - Closing remarksConnect with Homer Smith:FacebookLinkedInWebsite