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Ep020: Tax Efficient Investing with Vince Nelson and ARNO Wealth
- 2024/06/11
- 再生時間： 27 分
- ポッドキャスト
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あらすじ・解説
On this edition of the HABU Accelerator Podcast, I sit down with Vince Nelson of Arno Wealth to discuss tax-efficient investing strategies. Vince introduces the Wildlife Fund, an innovative opportunity combining conservation impact with potential tax write-offs. We explore the importance of personalized, tailored solutions for clients when crafting investment strategies. From 401k profit sharing to managing large investments, his steps emphasize a cohesive, proactive approach. Vince underscores treating offerings as customized for clients rather than one-size-fits-all. This episode offers practical advice on mitigating taxes through high-touch client care, strategic planning for high-net-worth individuals, and onboarding processes. SHOW HIGHLIGHTS Vince Nelson, the managing partner of Arno Wealth, introduces the Wildlife Fund, which combines conservation efforts with potential tax write-offs.We discuss the importance of personalized client care and creating tailored investment strategies that align with individual risk tolerance and goals.The role of managing partners in coordinating tax mitigation strategies with CPAs is emphasized, highlighting the need for a collaborative approach.We cover the necessity of bringing together various professionals to create a comprehensive tax plan that leaves no detail overlooked.Vince explains the onboarding process for clients, underlining the importance of early engagement and a proactive stance in managing tax strategies.Investment opportunities should be viewed as bespoke solutions tailored to clients' needs rather than as one-size-fits-all products.The Wildlife Fund is highlighted for its role in conservation and providing tax benefits, serving as an example of a unique investment opportunity.Vince outlines various tax mitigation strategies and investments, such as 401k profit sharing plans, defined benefit plans, and even investments in jets for large-scale investors.We delve into the complexities of managing high-net-worth individuals and the proactive measures necessary for their strategic financial planning.The importance of CPAs having a trusted wealth management partner like Arno Wealth is underscored, as they provide strategic and customized solutions for clients. LINKSShow NotesAbout Arno Wealth GUESTS Vince NelsonAbout Vince TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Jeff: Well, hello again everybody. This is Jeff Pawlow and I'm the president of the Engineered Advisory Family of Companies and your host for the Advisory Accelerator podcast, a show that works to help CPAs become more advisory-minded in their individual practices. On today's show, I'm happy to welcome back our friend, Vince Nelson, who is the managing partner of Arno Wealth, who's going to help us navigate the incredibly complex world of tax-efficient investing as CPAs. I'm sure that you've got clients that are high net worth individuals or maybe have had a liquidity event and they're turning to you for advice in the areas of how to mitigate some of the tax related to those issues. So I'm really looking forward to today's conversation. Vince, welcome to the Advisory Accelerator Podcast. Vince: Well, jeff. Thank you so much. It's an honor to be with you. Jeff: You know I'm excited to talk with you because your presentation had such an impact at the Haboo Conference last year and for those who are listening that weren't at the conference, Vince introduced one of the products that they have that's called the Wildlife Fund, and I was just fascinated about how a program like that could allow an investor to kind of do good from a society standpoint but also help mitigate some of the taxes involved with a liquidity event that maybe they've had or just perhaps they're high net worth individuals. But it was fascinating to see how that particular product was developed and came together. But then I was even more impressed with you, kind of saying like hey, if it fits it's great and we can talk about it. But this doesn't necessarily. It's not one stop shopping where we've got a single solution we're trying to apply across all of our clients. And then you went on to talk a little bit about all the different things that are available through Arno Wealth. So as we jump in today, let's speak to those CPAs that perhaps don't have a wealth management practice or a defined wealth management partner a defined wealth management partner and at the same time have clients that are turning to them for this type of advice and are looking to do something other than just refer it to Merrill Lynch or Edward Jones or something like that. So, Vince, let's start out. Recap for me just all the cool things that make up the Wildlife Fund. Vince: Yeah, and before I do that, jeff apologies, but housekeeping rules that our compliance department requires me say just a couple of things that are very boring, but I'll say them quickly so we can get them out of the way that basically, our ...