Tag: Chartered Professional Accountant

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Episode 27 – 3 Keys to Wealth Protection That Every High-Earner Should Know

Episode 27 – 3 Keys to Wealth Protection That Every High-Earner Should Know

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Everyone wants to protect their wealth, no question about it. But have you considered that if you’re a high-income earner, you’re more vulnerable to litigation?

In this episode, Tim Scannell unwraps strategies for shielding your wealth, with a special focus on asset protection strategies. This is a must-listen conversation in which Tim walks you through three takeaways that not enough high-earners know while sharing client-examples along the way. 

In this episode, you will learn:

  • Which question Tim asks his clients first about their risk and why
  • Who to include in your team of professionals
  • What Tim does to help clients avoid lawsuits and motivate creditors to settle
  • Why insurance can be a low-cost, high-benefit way to protect yourself
  • Why transparency is a critical part of asset protection
  • And more!

Tune in now and gain clarity on how you can protect your assets! 

Resources:   HighTower Great Lakes: (219) 246-5370 

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Episode 26 – 4 Ways the Super Rich Manage Their Wealth

Episode 26 – 4 Ways the Super Rich Manage Their Wealth

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What separates the rich from the not-so-rich? 

In this episode, Tim Scannell uncovers the answers by sharing four major things the super-rich do to manage, grow, and protect their wealth. He also shares how the HighTower Great Lakes team helps their clients address the primary concerns that inspire these four habits.

In this episode, you will learn:

  • About the five concerns that people tend to have about their wealth 
  • What the HighTower Great Lakes team does to help clients address these concerns
  • How the super-rich go about finding and working with top experts 
  • What it means to work with advisors that focus on the human element 
  • The importance of paying attention and knowing what you’re agreeing to
  • And more!

Tune in now and learn how to start managing your wealth like the super-rich!

Resources:   HighTower Great Lakes: (219) 246-5370

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Episode 25 — How to Stay One Step Ahead With Cybersecurity — With Sarah Khan

Episode 25 — How to Stay One Step Ahead With Cybersecurity — With Sarah Khan

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Protecting client data is of great importance to the HighTower Great Lakes team. That’s why they’ve enlisted Sarah Khan to help protect clients and advisors from digital threats.

Today, Tim Scannell is joined by Sarah, HighTower’s chief information and security officer, to explore how she works behind the scenes to protect clients. Sarah also shares steps you can take today to keep yourself and your information safe.

In this episode, you’ll learn:

  • About Sarah’s role at HighTower Great Lakes and how it benefits clients
  • How Sarah and her team ensure that clients’ information is kept safe
  • The value in using two-factor authentication
  • Sarah’s tips and tricks for protecting your data from hackers
  • And more!

Join Tim and Sarah now for an information-packed episode on how you can stay safe with cybersecurity!

Resources:  HighTower Great Lakes

 

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Episode 24 – An Inside Look at the Investment Process — With Steve Billimack CIMA®, CAIA®, AIF®

Episode 24 – An Inside Look at the Investment Process — With Steve Billimack CIMA®, CAIA®, AIF®

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HighTower Great Lakes has a highly certified and diverse team of professionals — including Steve Billimack.

When serving high-net-worth clients, the core of HighTower Great Lakes’ planning always boils down to investment consulting. As someone who focuses the most on the investment process, Steve joins Tim Scannell today to discuss what he does and what he brings to the table for clients.

In this episode, you’ll learn:

  • About Steve’s background with compliance and research 
  • How he applies his experience to his everyday work with clients
  • What Steve hears clients say they love most about HighTower’s planning process
  • How Steve protects clients from a compliance and due diligence standpoint
  • About the client-niche that Steve serves and how planning for them is different
  • What Steve’s hobby is when he’s not working with clients
  • And more!

Listen now to learn about Steve Billimack and get an inside look at the investment process!

Resources:  HighTower Great Lakes | Contact Steve: 312-962-3826 

| stevebillimack@hightoweradvisors.com

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Episode 23 – The Wealth Management Process: Part 2

Episode 23 – The Wealth Management Process: Part 2

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Once you’ve finished the discovery part of HighTower Great Lake’s wealth management process, it’s time to dive into planning.

In part two of his mini-series, Tim Scannell gives you an exclusive preview of how the wealth management process unfolds across the next four meetings. This is your chance to explore the process and find out how you could benefit from Tim’s thorough, client-centric approach.  

In this episode, you will learn:

  • Which types of analyses are done during the investment plan meeting
  • What the purpose of the mutual commitment meeting is
  • How all new documents and statements are organized and prioritized during the follow-up meeting
  • What types of issues are discussed in the advanced planning stage
  • How Tim and his team help clients plan for both anticipated and unexpected transition points

Tune in to learn more about the wealth management process and what to expect when working with Tim Scannell and his team.

Resources:   HighTower Great Lakes | Episode 22 – The Wealth Management Process: Part 1

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Episode 22 – The Wealth Management Process: Part 1

Episode 22 – The Wealth Management Process: Part 1

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Get ready for a tour of HighTower’s process that addresses clients’ advanced planning needs!

In today’s episode, Tim Scannell discusses the wealth management process at HighTower Great Lakes. He sheds light on how he gets to know clients during the first stage called the discovery process and which types of information he is most interested in gathering. 

In this episode, you will learn:

  • What the wealth management process looks like at HighTower Great Lakes
  • The different aspects covered in the wealth management process 
  • The kinds of information gathered during the discovery process
  • The main priorities covered with each client during the discovery process
  • About different types of client personalities (e.g. The Family Steward, The Independent, etc.)
  • And more!

Tune in to learn how Tim and his team get to know their clients during the first stage of the wealth management process.

Resources:   HighTower Great Lakes 

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Episode 21 – Cash Balance Plans Explained — With Mary Stines

Episode 21 – Cash Balance Plans Explained — With Mary Stines

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Are you looking for a way to ease your tax bill and attract employees to your company? 

In this episode, Tim Scannell interviews special guest Mary Stines of Crowe LLP. Mary uses her immense knowledge of taxation and years of experience to answer all of your questions about cash balance plans (CBPs). She even provides highlights from a real-life example of how a company has benefitted from this type of plan.

In this episode, you will learn:

  • What a cash balance plan is
  • Whether a CBP will work with your current 401(k) plan
  • Whether there are restrictions or limits for CBP contributions
  • As a company owner, what you need to be aware of regarding CBP
  • And more!

Tune in now and learn about cash balance plans — their benefits to you may be worth more than you know.

Resources:   HighTower Great Lakes: (219) 246-5370 | Mary Stines: (574) 239-7824

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Episode 20 – Return on Life Part 3: Planning For Life’s Transitions

Episode 20 – Return on Life Part 3: Planning For Life’s Transitions

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How do you plan for a life transition that you don’t see coming? 

In today’s episode, Tim Scannell shares how he helps clients plan for life transitions that can be anticipated and ones that can occur suddenly. He takes us through the major categories that are covered during the planning process at HighTower Great Lakes. 

In this episode, you’ll learn:

  • How Tim helps clients prepare for life’s big transitions
  • Examples of anticipated and unanticipated life events
  • About the six lifeline categories that the Return On Life process covers
  • How to plan for sudden job loss
  • How Tim helps clients transfer their philanthropic habits to future generations

Tune in to learn how Tim and his HighTower Great Lakes team can help you prepare for life’s big transitions.

Resources:  HighTower Great Lakes | Episode 18 – Return on Life Part 2: Using Your Money to Improve Your Life

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Episode 19 – The Power of the Pen to Leave a Legacy

Episode 19 – The Power of the Pen to Leave a Legacy

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Did you know that the pen is mightier than the sword? The power of the pen is eternal, which means that thinking and communication can greatly impact people’s lives. 

In this episode, Tim Scannell discusses how writing is the key to preserving your history and legacy.  

In this episode, you will learn:

  • How good communication works to create transparency, which helps other generations understand the value of their inheritance
  • Which tools are used to pass the legacy to the next generation
  • How writing and recording stories makes a difference
  • Key things that you should know about writing and choosing your audience
  • And more!

Tune in and learn how to start writing to preserve your history and legacy! 

Resources:   HighTower Great Lakes | Scribe | Tucker Max | The 7 Habits of Highly Effective People by Stephen Covey

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Episode 18 – Return on Life Part 2: Using Your Money to Improve Your Life

Episode 18 – Return on Life Part 2: Using Your Money to Improve Your Life

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When you only focus on rate of return, you’re focusing on the future. But it’s possible that you’re not spending money to enhance your life today. 

In today’s episode, Tim Scannell tells you about the survey he and his team use to measure satisfaction in three areas: well-being, progress, and freedom. Listen in as Tim explains each area and how the experience of taking this survey can help you enhance your life.

In this episode, you’ll learn:

  • About the survey used at HighTower Great Lakes to measure satisfaction in key areas of life
  • An overview of the three major sections that make up the satisfaction survey
  • About rates of return you’ve never heard of and why they matter
  • The importance of reinvesting in further education
  • The role that philanthropy can play in your overall well-being
  • And more!

Tune in to learn about the satisfaction survey and find out how you can fill one out!

Resources:  HighTower Great Lakes | Episode 17 – Return on Life: Part 1 | Satisfaction Survey