36 episodes
Optimizing Your Financial World Mark Wade
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- Business
Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.
Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.
Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it's not about how many assets you have or how much income you create, it's about how much you get to keep!
So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.
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Optimizing Your Financial World - Episode 36 (Four Ways to Ease the Tax Bite When Selling Your Business)
Selling a business that you’ve worked to build for years or decades comes with an enormous number of considerations—not the least of which is easing the tax burden that accompanies a big sale.
On the latest episode of Optimizing Your Financial World, we’re looking at four ways business owners who sell their companies might mitigate taxes. Let’s dive in!
Chapters:
0:00 - Introduction and overview on the topic of the day
1:23 - Tax-related issues are top-of-mind concerns for business owners
2:51 - Transferring your assets regularly over time
4:35 - Selling your business through an installment sale approach
5:51 - The risks associated with an installment sale approach
7:58 - Opportunity Zones and how a business owner can leverage these when selling a business
9:52 - Charitable remainder trusts can be a great solution
11:47 - Addressing the income component with a charitable remainder trust
13:33 - Which of these strategies makes the most sense for you?
15:10 - How to get in touch with Mark and his team to discuss this futher
16:05 - Closing remarks -
Optimizing Your Financial World - Episode 35 (What Type of Buyer Should You Sell Your Company To?)
If you’re an entrepreneur, the idea of selling your business may have crossed your mind more than once. If you ultimately decide to sell your business, you’ll likely encounter two main types of buyers: financial and strategic. It’s a good idea to consider which type of buyer is the right one for you and your company.
On the latest installment of Optimizing Your Financial World, we’re exploring how these two categories of buyers could play an important part in how much you get for your company!
Chapters:
0:00 - Introduction and overview on the topic of the day
1:31 - What can a entrepreneur expect when encountering a financial buyer
3:26 - Where the seller fits into the financial buyer's vision for the sale of the company
5:26 - Where financial buyers come from
7:01 - How a strategic buyer approaches the acquisition of a company
8:58 - A strategic buyer is looking into the greater value being created beyond the sale
11:18 - The types of strategic buyers
12:36 - How an entrepreneur can decide which type of buyer would be best for them
14:14 - Advice for navigating deals with strategic buyers
15:37 - How you can get in touch with Mark and his team
16:19 - Closing remarks -
Optimizing Your Financial World - Episode 34 (Six Big In-Retirement Money Mistakes and How to Avoid Them)
Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly.
On the latest episode of Optimizing Your Financial World, we’re examining some of the big mistakes that retirees tend to make along with potential solutions and, even better, ways to avoid making them in the first place.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:31 - Many people aren't aware of the financial risks that exist after they retire
3:41 - The common mistake of overspending
7:05 - Avoiding 'money talks' with family members
9:57 - Using the 'wrong' withdrawal strategy for income
12:53 - Stop making investing your part-time hobby
15:36 - Being aware of the different scamming techniques out there
18:01 - How to combat scammers in today's day and age
20:55 - Just because you enter retirement, doesn't mean you should enter auto-pilot
22:57 - How to get in touch with Mark and his team
24:03 - Closing remarks -
Optimizing Your Financial World - Episode 33 (What are Your Biggest Financial Concerns?)
We all have financial concerns of some sort or another.
On the latest episode of Optimizing Your Financial World, we're taking a closer look at some of the key concerns shared by many affluent individuals and families today. How many of these concerns are on your own list of issues to address?
Chapters:
0:00 - Introduction and overview on the topic of the day
1:35 - Managing your wealth is like managing your health
3:10 - Preserving your wealth over the course of your lifetime
6:16 - Affluent people aren't always as "all set" as you would think
8:34 - The enhancement of wealth over time
10:45 - Taxes can create questions and uncertainty
13:08 - Estate planning is a crucial concern of the affluent
15:52 - Asset protection and guarding your wealth is a top concern of the affluent
18:08 - The charitable side of wealth planning
20:34 - How to get in touch with Mark and his team
24:24 - Closing remarks -
Optimizing Your Financial World - Episode 32 (When Financial Uncertainty Rears its Ugly Head)
We can be blindsided at any time by bad news. Perhaps it's a death, a job loss, or a natural disaster? Either way, these difficult life events make it hard to know whether we’re still on solid financial ground.
In the latest installment of Optimizing Your Financial World, we’re taking a closer look at smart ways to regain much-needed clarity if you’re faced with major uncertainty, as well as steps you can take if you need to get back on track.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:47 - We're not immune from challenges and stressful events
4:09 - The first move someone can make when experiencing sudden shock
6:35 - Developing an in-depth assessment of a client's unique situation
9:42 - Examining the existing financial strategies currently being leveraged
12:15 - Are most people protected in the event of a sudden challenge in their life?
14:30 - Mark's advice for staying calm when faced with stress and a loss of control
18:42 - How Mark's team navigates negative situations when an assessment reveals something bad
22:07 - The bottomline and key takeaways
24:17 - How to get in touch with Mark and his team
25:21 - Closing remarks
Connect with Mark Wade:
Website
LinkedIn -
Optimizing Your Financial World - Episode 31 (Should You Have a Family Bank?)
Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum.
On the latest installment of Optimizing Your Financial World, we’re looking at whether family banks could be a smart move for you!
Chapters:
0:00 - Introduction and overview on the topic of the day
1:23 - What is a Family Bank?
2:36 - The types of initiatives that Family Banks fund
4:26 - How a Family Bank can help build financial responsibility of a family member
5:49 - A Family Bank can also assist with a business-building desire
8:28 - Why Family Banks need to be formal in nature
11:21 - Family Banks should be very tailored to a given family's needs and goals
13:43 - Family Banks are not only reserved for those with significant assets
16:34 - Leverage a team of professionals to assist in running your Family Bank
19:45 - How to get in touch with Mark and discuss the topic further
20:30 - Closing remarks
Connect with Mark Wade:
Website
LinkedIn