Lifelong relationships aren’t just created outside the workplace.
These types of relationships are created with colleagues and clients all the time!
In this episode, Tim Scannell discusses how he curates his professional relationships as well as how he helps others find and maintain meaningful relationships, including accountability partners, both in and out of the financial world.
Tim discusses:
The relationship he has had with a client since 1990 and how he maintains it
Financial accountability partners and how he helps people find theirs
How he helps families curate realistic college education plans
Tips on how to achieve those specific retirement goals you may have (like retiring on the beach!)
There’s no escaping the dreaded tax season, so you might as well learn how to navigate it efficiently!
In this episode, Tim Scannell discusses some of the ways he helps people minimize their taxes during tax season. This includes tax loss harvesting, staying up to date with tax law changes, and so many more of Hightower’s wealth enhancement strategies!
Tim discusses:
How you can apply our wealth enhancement strategies during tax season
How to enhance your tax loss harvesting strategies
Transferring funds, real estate, and investments down to the next generation using current gift tax laws
Tax law changes coming or already in place for 2023
Inflation is a topic that you can’t seem to escape nowadays.
Everyone has an opinion on the topic, whether it’s the news, your relatives, or someone else.
In this episode, Stephanie Link, Chief Investment Strategist and Portfolio Manager at Hightower, joins us to help break down inflation and interest rates. We advise you to turn off your TV and listen to a trusted financial advisor about how you can combat inflation’s effects on your bank account.
Stephanie discusses:
Her journey of becoming the Chief Investment Strategist and Portfolio Manager at Hightower
How the independent wealth management industry continues to grow
A deeper look into why inflation and interest rates are so high right now
Why you should limit your time watching the news and instead focus on listening to industry professionals
With over 27 years of experience managing money, Stephanie Link joined Hightower in June 2020 as Chief Investment Strategist and Portfolio Manager.
Before joining Hightower, Stephanie was the Senior Managing Director and Head of Global Equities Research at Nuveen. She also served as Chief Investment Officer at TheStreet, Co-Portfolio Manager of Jim Cramer’s Charitable Trust, and Managing Director of Institutional Sales and Director of Research at Prudential Equity Group.
Avoiding The Common Mistakes People Make After Receiving A Raise With Samantha Pietruszynski PT. 2 (Ep. 98)
Salary increases are great, but not increasing your savings after one could be hurting you.
So what are some of the steps you should take after receiving a raise?
This is part two of our two-part episode with Samantha Pietruszynski! Samantha discusses the importance of reallocating your money once you receive a raise so you can look forward to a fulfilling retirement experience!
Samantha discusses:
How to get to your financial ‘freedom point’ faster
How to allocate your finances after you receive a raise or an influx in income
How to avoid the common mistake of spending more just because you make more
Some personal stories about how she has fell victim to the “make more, spend more” cycle
Samantha Pietruszynski is a Wealth Advisor at Hightower Great Lakes, where she positively impacts clients and their families both emotionally and financially by putting personalized plans in place to promote security. She helps clients feel empowered with the financial confidence and resources they need to achieve financial independence.
Samantha earned her Bachelor of the Arts degree in Finance and Accounting from the Francis J. Noonan School of Business at Loras College and was a member of the Loras College Advisory council for their Financial Planning Program. She is a CERTIFIED FINANCIAL PLANNER™ practitioner and also holds her Series 7, 66, life & health insurance licenses.
She is originally from Mokena, IL. She is a sports enthusiast and enjoys playing tennis. When she is not cheering on my favorite sports team, the Chicago Bulls, she enjoys spending time with her black cat, Mr. Binx, and her dog, Remington (Remi).
Women Rising: A Chat with Dawn Rowley about Women Empowerment (Ep. 96)
Being empowered as a woman in the male dominated financial industry is easier said than done.
In this episode Tim Scannell chats with coaching leader Dawn Rowley, CoFounder of BenchStrength Coaching and Women Rising. They discuss “Women Rising ” a program created to help women recognize and achieve their highest potential and pursue higher levels of leadership.
He also brings on his colleague, Samantha Pietruszynski, who shares the reasons she chose Women Rising as her next venture and how she aims to gain more confidence and self-awareness through the program.
Dawn discusses::
About the “Women Rising” program and how it aims to empower women by building their confidence in male-dominated industries
How female advisors can achieve greater success by learning how to leverage strengths and overcome habits that may interfere with their influence
Why her passion inspired her to start Women Rising and how it helps women see themselves in higher levels of leadership
Dawn Rowley is a leadership coach who works with successful executives and high potential leaders who want to improve their practice of leadership. As co-founder of Women Rising, she is a coaching leader helping women recognize and achieve their highest potential.
She is also the co-founder of BenchStrength Coaching, working with organizations who want to build stronger, more diverse talent pipelines.
Everybody has a reason for why they are in the field they are in.
What’s yours?
In this episode, fellow Hightower employee Gina S. discusses the journey that shaped her and her skills into the professional that she is today and how you can strengthen your abilities in your profession as well.
Gina discusses:
How college helped her discover her strengths and prepared her career
What she would tell her high school self
How sociology courses greatly enhance the skills of future business administrators
How she recognizes her weaknesses in the workplace and how she is strengthening them
Experienced Marketing Manager with a demonstrated history of working in the marketing and advertising industry. Skilled in Search Engine Optimization (SEO), Information Systems, Teamwork, Search Engine Marketing (SEM), and Web Content Creation. Strong operations professional with a Master of Science focused in Information Systems, Co-Concentrations in Enterprise Risk Management and Business Intelligence from Indiana University Bloomington.
Consulting is a path you may consider when you retire or exit your business. So what should you take into consideration before committing to the role?
In this episode, Tim Scannell discusses what you need to know prior to becoming a consultant post-exit of your business and describes both the pros and cons of the role.
Tim discusses:
Tax liabilities and other financial considerations for business owners
The pros and cons of self-employment
Wealth enhancement – how to maximize what you keep as you exit into financial independence
Planning for the future transition from a business owner to a consultant
Part two of “how to create recurring revenue for your business” is here with additional tips and tricks about how you can adopt the subscription-based business model!
In this episode, Tim Scannell highlights some well-known companies who have adopted the subscription model and how it changed the landscape of their business.
Tim discusses:
Major benefits of adopting the subscription billing model
How to integrate recurring revenue models into your business
Finding your business niche and the process of turning your repeat customers into business subscribers
Lessons from companies like HP, Peloton, and Mosquito Squad who have successfully and unsuccessfully used the subscription model
Running a family business is complex—it’s easy to overlook simple things and then find your business in a complicated scenario.
In this episode, Tim Scannell shares three critical wealth planning mistakes he sees family business owners make. Tim walks you through each mistake and provides an example that showcases the types of issues that may arise.
Tim discusses:
Why your team may be working with the wrong advisor
Why focusing too much on tax minimization is a mistake
Family business owners failing to keep their wealth plans accurate
Why sometimes in our lives, we’re better off hiring specialists
