AFO|Wealth Management Forward

Rob and Rory speak with Ted Denbow, the VP and Head of Sales at Right Capital, an industry-leading financial planning software provider. With over 25 years in the financial services industry, Ted discusses the challenges he observed in the field and how Right Capital seeks to solve them. Ted also explains the innovations that have taken place in the industry over the last decade, the challenges it currently faces, and its future. Ted explores the importance of adjusting strategies to counter the changing tax laws under the Biden administration and how clients can use Right Capital’s resources to meet those needs. He also expounds on the effect of developing technologies like AI and automation on the fintech industry. Ted also covers how Right Capital has cultivated partnerships with other fintech providers like Betterment and Vanilla so advisors can provide their clients with a holistic experience. Lastly, we discuss how firms can take advantage of one of the largest transitions of wealth in history, aka “The Silver Tsunami!”

Rob and Rory speak with CPA Eric Pierre, who Forbes has listed as a Top Tax Twitter account to follow, and who is the CEO, Owner, and Principal of Pierre Accounting which provides tax and financial services to clients of all sizes. Eric’s long history in the field includes work at Delloite and Fortune 500 companies. Eric speaks about his firm’s shift from compliance to advisory services and highlights the Employee Retention Credit that has helped many Minority-owned business clients. He also explores the possibility of higher taxes from the Biden Administration and how he is advising his clients to best plan for them. Additionally, he details the nuances of dealing with cryptocurrencies, as an investor and a taxpayer, as well as its future. Lastly, Eric also mentions how Pierre Accounting strives to educate athletes in professional sports on how to best plan for long-term financial well-being. You won’t want to miss this entertaining episode of a Former Professional Athlete turned CPA. To follow Eric’s Twitter, click HERE

Rob and Rory speak with Scott Tarra of Connexian who works with broker-dealers and with both SEC and State Registered Investment Advisors on registration and compliance needs. Scott talks about the new marketing Rule 206(4)-1 which will go into effect May 4th 2021 which sets new guidelines for solicitors and modernizes the marketing rules to reflect today’s landscape of technology and social media use. Accounting firms will be interested to learn about how the new rule will mainly do away with the current solicitor's agreement. He touches on considerations needed to from registration to compliance to filing requirements. Lastly, he talks about the focal points of regulators today being transparency, disclosures, and cybersecurity. If you are working with a registered investment advisor or are looking to become one, you won’t want to miss this episode.

Rob and Rory speak with markets reporter Amrith Ramkumar of The Wall Street Journal to discuss Specials Purpose Acquisition Companies (SPACs). In this episode, we touch on the SPAC craze that has hit the financial markets in 2020 and continued into 2021. Amrith discusses the history of SPACs from a niche product used by a group of wealthy individuals to it now utilized by most of Wall St. and Silicon Valley. He talks about seasoned investors like Bill Foley and Besty Cohen doing SPACs and how this is an alternative to raising money via a VC or Traditional IPO. He provides examples of SPACs such as the SE Asian “Super App” GRAB going public in a SPAC merger that values the business at nearly $40 Billion, even though they aren’t profitable. Lastly, Amirth talks about key investment rounds called (PIPE deals). A Private Investment in Public Equity where investors like Blackrock, Fidelity, Franklin Templeton, T Rowe Price put in vast amounts of money to get exposure to these companies of the future, which has helped make SPAC’s a mainstream alternative.

Dr. Sean Stein Smith joins Rob and Rory on AFO|Wealth Management Forward podcast to talk about blockchain, cryptocurrency, the pending IPO of Coinbase, and NFT’s. Dr. Smith is a Professor at Lehman College and Forbes Crypto, contributor. Dr. Smith breaks down how crypto and NFT’s are taxed and the many common issues taxpayers are running into when it comes to reporting and filing taxes. You’ll be interested to hear his answer on if the 60/40 portfolio is dead. You won’t want to miss this informative commentary on all things crypto.

Licensing and Compliance Episode:   Arrowroot Family Office CEO Rob Santos and Director Rory Henry discuss Licensing and Compliance Basics for accounting firms adopting Holistic Wealth Management. They go over each of the licensing requirements, from outsourcing to partnering to building your own Registered Investment Advisory Firm in house. They touch on easy ways to Get Started and technology innovations in the space that allow you to offer various Holistic Wealth Management Services without needing a license. Licensing and Compliance Basics  3 Level's Outsource, Partner, In House RIA Licensing How to Get Started  Life Insurance and Estate Planning Licensing Requirements

Investment Advisory Episode:   Arrowroot Family Office CEO Rob Santos and Director Rory Henry discuss implementing Investment Advisory into your firm. They cover various solutions from outsourcing, partnerships, to building your own Registered Investment Advisory Firm In House. They discuss technological innovations in the space that have solved most of the operational and compliance problems that have prevented firms from adopting this service in the past. Lastly, they provide tips on how to monetize your book of business, as well as easy ways for your firm to GET STARTED.    Investment Advisory and Holistic Wealth Management  History of Investment Advisory and "The Fiduciary Standard"  Outsource, Partner, In House RIA  Technological Innovations  Pathway to Estate Planning, Life Insurance, and Financial Planning   How to Get Started

Estate Planning Episode:   Arrowroot Family Office CEO Rob Santos and Director Rory Henry discuss how to implement Estate Planning into your firm. They cover the importance of having an estate plan to avoid the problems of Probate and technological innovations in the space that allow non-attorneys to be able to service clients with Estate Plans.   Estate Planning and Holistic Wealth Management  Probate  How Firms can Monetize Estate Planning  How to Offer the Service If you are not an Attorney  Technological Innovations How to Get Started

In this episode: Arrowroot Family Office CEO Rob Santos and Director Rory Henry introduce Wealth Management Forward and explain how accounting firms can implement a Holistic Wealth Management Strategy to transform the way they do business. They discuss the history of Investment Advisory from the "cliche" historical stockbroker to the current Registered Investment Advisor who is bound by a fiduciary duty. Accounting firms will be able to gain insight on how they can expand their suite of services to grow their business and better serve their clients. What is Holistic Wealth Management Introduce Services: Financial Planning, Investment Advisory, Estate Planning, and Life Insurance Answer some FAQ's Overview of Course