Advance Your Wealth With Homer Smith

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 day

1:00 - How the market has been performing thus far in 2023

2:50 - Interest rates being raised by 25 basis points

5:02 - Is inflation largely behind us?

7:45 - The bear vs. bull market cases

10:29 - What we can expect throughout the remainder of 2023

12:25 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

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 day

1:16 - Welcoming Homer to the show

1:53 - The personal readiness, the business readiness and the market aligning

4:08 - The business owner's transition out of the business' day-to-day

9:12 - The intangible benefits of being prepared when selling your business

11:54 - How much business owners leave on the table when they aren't adequately prepared

18:15 - The value of doing tax planning up front

22:15 - The commonly used vehicles to help business owners from an estate planning perspective

28:18 - There's a difference between planning and implementing your plan

33:16 - What a business owner can be doing right now to kick off their planning process

36:50 - How to get in touch with Homer and his team

37:54 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

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 day

1:45 - Bringing Aptus Capital Advisors onto the show to analyze a successful 2023 thus far

3:18 - Joseph Sykora's thoughts on where the market stands today

4:49 - What drove this unexpected positive trajectory within the market

6:54 - "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 future

21:57 - We need a combination of offense and defense in your portfolio

23:34 - How you can get in touch with Homer and his team

24:58 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

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 day

1:30 - Significant wealth is typically created over a long period of time

3:10 - Sudden wealth comes with serious risk

4:20 - How should you navigate sudden wealth and begin healthy financial planning efforts?

7:04 - Mistakes you should avoid in the event you become suddenly wealthy

9:20 - The biggest challenges of managing sudden wealth

11:50 - How asset protection planning efforts come into play

13:37 - The big picture on managing sudden wealth for you and your family

15:45 - How you can get in touch with Homer and his team

17:52 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

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 show

1:40 - Why business owners should be thinking about the implications of AI

2:53 - Welcoming Adam Butler to the show

4:05 - How AI tools are generally impacting the realm of business

8:30 - The most common AI tools that people should be considering in their day-to-day lives

12:58 - How you can leverage AI to benefit your life today

19:06 - Leveraging Chat GPT to develop email copy

27:25 - The concerns among Chat GPT and other AI tools available to the masses

36:15 - Who do you sue when AI messes up?

43:13 - How AI has impacted education at large

50:23 - Adam's recommended AI tools and plugins you should utilize

55:10 - How to get in touch with Homer's team

56:30 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

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 day

1:15 - We're not trying to predict the future, but we want to be prepared

3:40 - Bringing the right research group to the table and optimize our work for clients

4:40 - Dave Wagner and John Luke Tyner share how Aptus Capital Advisors work with clients

6:36 - Why the market still remains up despite bigger concerns

8:57 - What led to the banking crisis?

12:20 - How the Feds are navigating this banking crisis and financial challenges

15:41 - Issues that could come to fruition

19:41 - How Aptus is approaching the near future and looking at portfolio construction

21:37 - We're a team that coordinates expertise for our clients

22:50 - How you can get in touch with Homer's team

23:20 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

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 day

1:21 - Who is Jennifer Alimonda?

2:48 - Jennifer's background with Sterling Risk and her experience with insurance policies

4:05 - What is personal umbrella insurance?

5:37 - Where an umbrella policy comes into play

8:10 - Are you covered in the event of a tragic incident with many lawsuits?

11:15 - The risks associated with having significant assets

15:55 - The amount of umbrella policy protection you should consider

17:57 - The factors that influence insurance premiums

20:42 - Personal umbrella policies are very broad

23:22 - Reach out to your broker and discuss the need for an umbrella policy

26:09 - How you can get in touch with Homer and his team

27:18 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

The people you know can play a vital role in the level of success you achieve, both in business and your personal life. However, for contacts to be important and valuable to that success, you need to develop powerful relationships with them that get results for all involved.

On the latest episode of Advance of Your Wealth, we’re exploring some particular strategies you can leverage to enhance the professional relationships you'll make throughout your career.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:11 - "It's not what you know, it's who you know!"

2:20 - How to connect and motivate other people

5:27 - Find a way to help them accomplish their most important goals

6:53 - Provide economic glue within your relationship

8:47 - The softer, and more nuanced, elements within building relationships

10:15 - How to build trust more quickly

12:11 - The bottomline

14:05 - How you can get in touch with Homer and his team

15:13 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

Storytelling connects us all and a good story causes us to lean in and connect with the storyteller themself.

On the latest episode of Advance Your Wealth, we welcome Nick Nanton, 22-time Emmy® Award Winning Director/Producer, to discuss the power of storytelling and how it can be leveraged to enhance your brand and business.

Regarded as "America's biographer" and the "voice of a new generation" by Larry King, Nick has developed numerous award-winning documentaries and shared stories that have touched millions of people across the globe.

We sat down to discuss how to connect with your intended audience through a great story!

Timecodes:

0:06 - Introduction and overview on the topic of the day

2:14 - Welcoming Nick Nanton to the show

2:45 - Nick's background and how he became a filmmaker and songwriter

12:30 - How storytelling can be leveraged to grow your business and build a team

17:44 - The guilt complex we all experience when telling our own stories

19:20 - Telling a story in a documentary format

23:50 - Stories can be utilized to convey difficult or complex topics

25:38 - "The best story always win" and Mission Driven Celebrity Experts

30:05 - Any business owner can strive to become a Mission Driven Celebrity Expert

31:50 - Exciting projects Nick is working on these days

33:00 - How you can get in touch with Nick

34:50 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website

If you’re a business owner, do you have key person insurance or a buy-sell agreement in place? If so, when was the last time you updated it? If your solutions are more than a few years old, you could be setting yourself up for financial disaster.

On the latest episode of Advance Your Wealth, we’re examining why these questions are so critical to be asking yourself and what entrepreneurs can do about it right now!

Tune in and discover some steps you can be taking to avoid the major financial hardship that accompanies these types of issues.

Timecodes:

0:06 - Introduction and overview on the topic of today's show

1:14 - Business owners are analyzing today's landscape to avoid future issues

2:40 - Unexpected events can jeopardize the success of a business

3:30 - Most business owners have a solution in place, but it's outdated

4:25 - The advantages associated with a buy-sell agreement or a key person insurance policy

6:03 - 40% of business owners don't have key person insurance in place

7:16 - The appeal of a buy-sell agreement

9:28 - The value of buy-sell agreements is widely recognized

10:42 - How big of a deal is an outdated agreement?

12:38 - Advice for business owners to stay on top of these solutions

14:45 - How to get in touch with Homer and his team

15:30 - Closing remarks

Connect with Homer Smith:

Facebook

LinkedIn

Website