The Truth About Wealth

Do you have a plan for the backstage of generational wealth management? 

If you don’t, it’s never too early to start capturing the history and values of your family founders.

In this episode, John and Michael Parise discuss the importance of planning for the backstage of wealth management, particularly in the event of the passing of a family’s matriarch or patriarch. 

John and Michael also highlight the significance of documenting family business history, the evolving role of wealth advisors, and the challenges of teaching and learning a holistic approach to wealth management.

Throughout this conversation, you will learn:

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Ever wondered about the journey of the coins in your pocket?

This week on The Truth About Wealth, John and Michael Parise from Copper Beech Financial Group dive into this fascinating world with David J. Ryder, who served as the U.S. Mint Director under two different presidents. 

From his early days on Wall Street to modernizing the U.S. Mint, David shares valuable insights into the world of coinage and physical currency.

Key topics covered in the episode include:

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About Our Guest: 

David J. Ryder, the 34th and 39th Director of the U.S. Mint. Starting on Wall Street and joining Ronald Reagan’s campaign, David has served under two presidential administrations. Under his leadership, the self-funded Mint contributed over $550 million to the U.S. general fund and launched innovative programs that energized coin collectors of all ages. In addition to being a passionate educator and creator of programs targeting young coin collectors, David remains a vocal advocate for the importance of physical currency in our digital age.

What if your financial advisor cared about the next three generations of your family?

In this episode, Copper Beech’s newest advisor, Chris Ruffino, sits down with hosts John and Michael Parise to answer this pivotal question. Together, they illuminate the multidimensional, generational approach that Copper Beech takes towards financial planning.

John, Michael, and Chris discuss:

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About Our Guest: 

Chris Ruffino brings over two decades of financial expertise and a personalized, holistic approach to financial planning. Chris values family, long-term client relationships, and educating clients for generational impact. Starting at Merrill Lynch in 2003, Chris honed his client-centric approach at Lockwood Advisors and Legg Mason, emphasizing aligned interests and disciplined investing. His insights promise valuable takeaways for anyone looking to improve their financial future.

Just as true wealth is more than money, the beauty of Bordeaux goes beyond the bottle. 

In this episode, John and Michael Parise welcome back guest Tim O’Rourke (for the third time!) to navigate the captivating world of Bordeaux wines. Listen in as they dive into the history, production, and unique characteristics that make Bordeaux wines stand out on the global stage.

John, Michael, and Tim discuss:

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About Our Guest:

Tim O’Rourke established FinServ Consulting & Recruiting with the mission to be an advocates for the retail investment services industry.

Tim is an industry expert in the recruiting arena, including regulatory compliance, the transition process, business structures, various related contracts, negotiating financial packages, and the evaluation of independent broker-dealers and investment advisory custodians. He was formerly Senior Vice President of FSC Securities Corporation in Atlanta, Georgia, and Raymond James Financial Services, Inc. in St. Petersburg, Florida, with prior retail sales experience for a total of over 27 years of industry experience.

Do your kids and grandkids know your family’s legacy? 

Make sure they do by creating a video memoir! 🎥

In this episode, John and Michael Parise shed light on the importance of transferring values when transferring wealth to create a lasting legacy. 

They go over some of the questions they ask the families they work with when creating video memoirs to pass down their values to future generations while sharing a case study and talking about how modern technology makes capturing these values and family moments on video more convenient.

John and Michael discuss:

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Are you struggling with complex estate planning situations?

In this episode, John and Michael Parise uncover two case studies, one that worked and one that didn’t. 

Throughout the two case studies, Michael explains his role in the estate planning process and the challenges of working with a business owner with significant estate tax exposure. Adding to the conversation, John emphasizes the importance of balancing fairness and equality when dealing with multiple beneficiaries in estate planning.

John and Michael discuss:

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If you’re looking to diversify your portfolio and try to hedge some of the global inflation investors are seeing today, you might want to consider adding rare tangible assets or collectibles to your portfolio.

In this episode, John and Michael Parise speak with Geoff Anandappa, a specialist in rare tangible assets and the founder of Rare Tangible Assets Ltd., about investing in rare assets such as coins, art, stamps, and other collectibles. 

Geoff starts with his background in the specialty before diving into how investors can get into the rare tangible asset market and why they’re a good long-term investment choice for holding onto and growing generational wealth, even when the stock market goes awry.

Geoff discusses:

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About Our Guest: 

Geoff Anandappa is a rare asset consultant and the founder of Rare Tangible Assets Ltd. With a background in stamp collecting, Geoff’s career in the industry began in 2005 when he joined Stanley Gibbons, the world’s oldest stamp dealer, to establish their investment department. Over 13 years, he traveled internationally, speaking at investment conferences and bringing in high-net-worth clients interested in rare stamps, coins, art, and first-edition books as alternative investments.

In 2018, Geoff launched his own consultancy firm, Rare Tangible Assets Limited, where he serves as a trusted advisor. As a consultant, Geoff assists clients in building investment portfolios in a diverse range of tangible assets, guiding starting collections, portfolio development, and exit strategies. With his extensive expertise and deep understanding of the market, Geoff offers professional consulting for individuals seeking to incorporate rare tangible assets into their investment strategies.

So you made your job posting findable and found your key talent…

How to ensure they stay with your company?

In this episode, Michael Parise and Chris Czarnik briefly recap part one of this two-part miniseries focused on making job postings more findable. This time, they are back to unveil tips and tricks around employee retention. 

Listen in and discover how to make sure the new talent you hire stays at your company, beginning with why workers leave companies and the value of training and mentorship. 

Chris discusses:

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About Our Guest:

Chris Czarnik is an award-winning national career search expert with more than 12 years of job search training and motivational speaking experience. He created and refined the innovative approach to job search, known as The Human Search Engine® by working with thousands of job seekers over more than a decade. Chris is a leading adjunct career search instructor for the 5th largest research university in the nation, as well as many colleges and universities across the country. Chris’ process was introduced to the 113th United States Congress as a national job search and Workforce Development model. Chris currently works with Workforce Development centers across the nation to reform the way people find new jobs.

Do you ever wonder why it is so difficult to find experienced candidates?

In this episode, Michael Parise speaks with Chris Czarnik about why businesses are struggling to find recruitment in the current job market. Chris covers the impact of the experience and generational gap in the workforce while explaining how companies can find more talent by using techniques seen in marketing.

Chris discusses:

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About Our Guest:

Chris Czarnik is an award-winning national career search expert with more than 12 years of job search training and motivational speaking experience. He created and refined the innovative approach to job search, known as The Human Search Engine® by working with thousands of job seekers over more than a decade. Chris is a leading adjunct career search instructor for the 5th largest research university in the nation, as well as many colleges and universities across the country. Chris’ process was introduced to the 113th United States Congress as a national job search and Workforce Development model. Chris currently works with Workforce Development centers across the nation to reform the way people find new jobs.

Ready to continue learning about private equity investing?

Welcome back! 

In this episode, John and Michael Parise are joined by returning guest Christopher Graham, the founder and CEO of Crown Capital Investments. 

The last conversation covered how private equity works, what investors should look at, and how it’s structured. 

This time, Christopher continues the lesson, covering what sort of questions investors should ask fund managers, his evaluation process, and how he’s continuing to improve his fund’s processes.

Christopher discusses:

Resources

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About Our Guest: 

Christopher Graham founded Crown Capital in 2014. He leads investment and capital-raising activities and provides strategic and operational support to management teams across the portfolio. 

Prior to Crown, he founded The Private Client Law Group, which focused on tax, business, and asset protection for ultra-high-net-worth family offices. As a Family Office Advisor, Chris advised and directed billions of dollars in the alternative investments space globally. Chris was named to the Georgia Super Lawyers Listing for over a decade and rated as a Five Star Wealth Manager. 

Chris holds a BBA in Accounting from the University of Michigan and a JD from Wake Forest University. He is a member of the American Mensa IQ Society, Beta Alpha Psi national honor accounting society, and the Georgia and North Carolina state bars.