Wealth Management – The Wealth Stream Podcast

A Conversation About Fiduciaries With Don Stellin (Ep. 109)

By thewealthstreampodcast | June 14, 2023

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Many financial advisors express great admiration for fiduciaries, while some undermine their significance in the financial industry and argue against their necessity.

However, by the conclusion of this episode, you will attain a thorough comprehension of fiduciaries and gain the ability to appreciate the immense value they bring to your financial planning endeavors.

In this episode, Tim Scannell invites returning guest, Don Stellin, onto the podcast to discuss the role, purpose, and value fiduciaries have in the financial planning processes of both retirees and working professionals.

Don discusses:

Why you need to know whether your financial advisor is a fiduciary
What a suitable standard is and how to know if your financial advisor’s standard is a good match with your financial values
The important questions your financial advisor should be asking you–and what it could mean if they aren’t asking them
Revenue neutrality and being brand agnostic–how to find out if your financial implements these into their business strategy
And more

Resources:

The Wealth Stream Podcast: Meet Donald Stellin of Hightower Great Lakes (Ep. 71)

Connect With Tim Scannell:

Connect With Donald Stellin AIF®:

About Our Guest:

Donald Stellin is a Financial Advisor with Hightower Great Lakes. He develops financial plans, manages investment portfolios, and works collaboratively with clients to create retirement income plans. He enjoys helping individuals, families, and business owners plan for a comfortable retirement by carefully listening to their needs and goals prior to developing a customized financial plan.

Finding Your Lifelong Accountability Partner (Ep. 107)

By thewealthstreampodcast | May 10, 2023

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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!)
And more

Resources:

The Wealth Stream Podcast: Creating A Successful Exit Plan As A CEO With Scott Bening Ep. 106

Connect With Tim Scannell:

How To Protect Your Wealth Through Inflation with Stephanie Link (Ep. 99)

By thewealthstreampodcast | January 4, 2023

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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
And more!

Connect With Tim Scannell:

Connect With Stephanie Link:

LinkedIn: Stephanie Link

About Our Guest:

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.

72. It’s Never Too Early To Build Your Business’s Succession Plan

By thewealthstreampodcast | September 8, 2021

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Are you busy serving clients, managing operations, and growing your business?

It’s time for you to take a step back and think about your exit strategy—even if it’s still years away.

In this episode, Tim Scannell discusses why it is never too early to start your succession planning. Using a detailed client example, Tim explains ways to ensure a fair wealth distribution to all of your successors, and how you can optimize the cash flow for your own dream retirement.

Tim discusses:

How Hightower Great Lakes’ Pathfinder helps you transition to a work optional lifestyle
Tips for dealing with the emotional elements of succession planning
Important topics you must discuss with your family before your exit business
Strategies that enable you to exit on your terms, and with confidence
And more

Connect With Tim Scannell:

Episode 65 – Explore, Learn, and Interact From the Comfort of Your Home

By thewealthstreampodcast | June 2, 2021

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At a year under lockdown, new and innovative virtual platforms have now made several opportunities accessible from the comfort of your home.

We believe that this virtual trend is here to stay.

In this episode, Tim Scannell takes a break from the financial planning side of things. Instead, he shares exciting virtual opportunities that he has either experienced firsthand or learned from his clients. Whether it’s traveling, learning, exploring nature, or attending various eating and drinking events – the virtual world has a variety of amazing things to offer.

You will learn:

How modern VR technology provides an unbelievably realistic travel tours
Interesting online events that you can attend to enrich your eating & drinking experience
Why virtual kid-friendly programs are a great way to instill curiosity and a passion for learning in your children
How globally renowned universities are extending useful e-learning resources
And more!

Tune in to learn how you can pursue your passion or hobbies through the new virtual world!

Episode 64 – Can You Afford a Pet? – With Samantha Pietruszynski

By thewealthstreampodcast | May 19, 2021

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Have you heard of the “pandemic puppy?” The pet adoption rates saw a sharp spike during COVID-19. After all, a furry friend would make the lockdown less lonely, right?

But – owning a pet comes with several financial responsibilities!

In this episode, Samantha Pietruszynski, an associate wealth advisor at Hightower Great Lakes, helps you navigate through life as a pet owner. Samantha shares her own experience in raising two pets, a cat and a dog, and discusses some of the major costs involved, both upfront and ongoing. She also provides several tips to help you budget for these costs so that you can make sure your pet gets everything it needs!

You will learn:

Why Samantha is a big fan of adoption vs. buying from a breeder
The importance of obedience training to avoid long-term behavioral issues
How subscription services significantly cut down your ongoing costs like food and toys
Ways to ensure that your pet gets a healthy amount of social interaction
Reasons to get pet insurance as early as possible
And more!

Tune in to better understand the financial implications of owning a pet!