Wealth Insights with Mitch Silberman

Wealth Insights With Mitch Silberman - Episode 6 (What Makes an Elite Wealth Manager Elite, Exactly?)

Mon, 20 Dec 2021 00:00:00 -0500

Affluent individuals, families, and business owners want to make the best decisions regarding their wealth and the first decision usually deals with selecting a particular wealth manager. They want to make sure they are working with the best of the best, but how can you tell if a wealth manager truly is elite?

In the latest installment of Wealth Insights with Mitch Silberman, Mitch and Ryan explore an array of skills and characteristics of an elite wealth manager. Not only do they possess the highest level of financial acumen, but they understand the importance behind connecting with their clients on a human level.

So sit back, relax, and enjoy another enlightening conversation that will leave you wondering if your current wealth manager is at the elite level!

Timecodes:
0:18 - Overview on the topic of the day
1:43 - How someone can assess who is a world-class wealth manager and who isn't
5:33 - How income tax and estate planning come into play within wealth management
7:45 - Succession planning within successful wealth management strategies
10:39 - The intangible benefits of working with an elite wealth manager
14:36 - Your wealth manager needs to have your best interests in mind
16:40 - How to get in touch with Mitch's team to continue this conversation
17:20 - Closing remarks

Connect with Mitch Silberman:
Website
Facebook

Wealth Insights With Mitch Silberman - Episode 5 (How Good is the Financial Advice You're Getting?)

Mon, 13 Dec 2021 12:00:00 -0500

In the latest installment of Wealth Insights with Mitch Silberman, we force you to look inward at the financial advice you're currently receiving. Is it just good enough? Are your needs being met? Are your goals for the future being considered within your financial plan?

Listen as Mitch and Ryan explore these questions and why they are so vitally important to consider. Frankly, too many successful people and families are not getting the financial guidance that is most appropriate to help them achieve their key financial goals.

Sit back, relax, and enjoy another thought-provoking episode that will provide you with some suggestions to help receive the financial advice that's right for you!

Timecodes:
0:18 - Overview on the topic of the day
2:08 - More and more people are not receiving the financial advice that's right for them
3:27 - The human element lies at the core of this conversation
6:42 - The dual lens approach a wealth manager should bring to the table
9:25 - The financial predators that exist today
11:25 - What the consummate professional looks like today
14:30 - The steps that someone can take to size up an advisor and evaluate their ability
17:28 - How good is the financial advice you're currently getting?
18:44 - Closing remarks

Connect with Mitch Silberman:
Website
Facebook

Wealth Insights With Mitch Silberman - Episode 4 (Preparing Heirs for Their Inheritance)

Mon, 08 Nov 2021 13:00:00 -0500

Are your heirs ready to deal with the wealth you will pass onto them one day?

In the latest installment of Wealth Insights With Mitch Silberman, Mitch and Ryan address this question and explore both the internal and external issues that arise during this wealth transfer process.

It's an unfortunate fact that inheritors often struggle with their windfalls in a way that can be harmful to the overall wealth. A family needs proper planning and clear communication to alleviate any potential issues that could occur with the inheritance itself, as well as the beneficiaries' spending habits afterwards.

So sit back, relax, and enjoy another thought-provoking conversation!

Timecodes:

0:24 - Overview on the topic of the episode
2:16 - Why inheritances can be viewed as a double-edged sword
4:10 - The internal and external issues that arise during this process
6:07 - Addressing the gap in wealth education among heirs
7:27 - What successful families are doing in terms of educating their kids on this process
9:15 - How to start these wealth education efforts
11:15 - An approach that often resonates better among heirs these days
13:33 - Conversations surrounding charitable giving within a wealth plan
15:54 - These wealth education efforts should be practiced by everyone
17:40 - Who families should look to for help with this process
18:35 - How someone can get in touch with Mitch's team to continue this conversation
20:21 - Closing remarks

Connect with Mitch Silberman:
Website
Facebook

Wealth Insights With Mitch Silberman - Episode 3 (The Family Constitution)

Fri, 29 Oct 2021 13:00:00 -0400

One of the biggest concerns facing affluent families is how to manage their wealth so that it achieves many goals. Their focus could be continuing to grow their wealth as it is transferred to younger generations, or aligning the use of that wealth with the values and ideals the family holds dear, or even protecting that wealth from creditors and others who might seek to take it unjustly.

Often the best place to start, is to ensure that your family members are aligned when it comes to key issues. A family constitution can be a great way to get that process going.

In the latest installment of Wealth Insights, Mitch and Ryan explore the benefits of establishing a family constitution to ultimately promote clarity and harmony when it comes to managing family wealth.

Timecodes:
0:07 - Overview on the topic of the day
2:12 - The unique challenges arising when families with wealth work together to manage it
5:00 - How the family constitution utilizes communication
7:19 - How to begin the process of developing a family constitution
9:20 - Who from a given family should be involved in these discussions
11:32 - This is a set of principles, not a legal document
13:02 - How to ensure the family constitution remains relevant over time
14:45 - How a wealth manager, like Mitch, can work with a family on this process
17:17 - Summarizing the benefits fo the family constitution
19:10 - Closing remarks

Connect with Mitch Silberman:
Website
Facebook

Wealth Insights With Mitch Silberman - Episode 2 (What Makes a Good Wealth Manager Great?)

Thu, 30 Sep 2021 09:00:00 -0400

In the latest installment of Wealth Insights, Mitch and Ryan explore the key characteristics and practices that separate the good wealth managers from the great ones.

Listen as Mitch explains the importance behind the "human element," an invaluable connection that must be established with clients to ultimately provide the most effective and efficient wealth management strategy for them. Without utilizing this element, a wealth manager cannot truly develop a custom-tailored plan to suit their needs, goals, and desires.

So sit back, relax, and enjoy another enlightening conversation that is bound to leave you considering the relationship you have with your current wealth manager.

Timecodes:
0:25 - Welcome to the show and overview on today's topic
2:14 - Why families and business owners should be demanding more from their advisors
4:00 - The missing link that separates the good wealth managers from the great ones
4:58 - What the human element is and how it comes into play with wealth management
6:49 - Why Mitch believes the human element is so important
8:32 - How the human element is weaved into the initial discovery meeting with clients
10:43 - Rarely does a discovery meeting not reveal any issues with the existing plan
11:54 - How a client can tell if a wealth manager incorporates the human element
13:38 - What Mitch would be looking for, as a client, in a wealth manager he is selecting
15:44 - As a client, how Mitch would want to see the human element weaved into meetings
18:18 - It's vital to deliver on the promise of incorporating the human element
20:23 - Closing remarks

Connect with Mitch Silberman:

Website
Facebook

Wealth Insights With Mitch Silberman - Episode 1 (The Discovery Process)

Thu, 12 Aug 2021 16:00:00 -0400

In the inaugural episode of Wealth Insights With Mitch Silberman, you're introduced to the President & CEO of Silberman Wealth Strategies, Mitch Silberman, and educated on his experience within the financial services sector.

Mitch grew up as a successful child actor in the 1970's, appearing in commercials and movies, as well as episodes of Bewitched, Gunsmoke, The F.B.I., and the Mod Squad. However, due to the lack of a strategic wealth plan, his childhood earnings were not invested. As a result, a once sizable bank account dissipated. Since then, Mitch has devoted his financial services career to helping people implement smart investment planning strategies and avoiding the mistakes from his past.

Listen as Mitch provides an overview on how his office functions, beginning with a thorough and immersive discovery process for all clients. So sit back, relax, and welcome to the podcast that provides strategies for pursuing and amazing life of significance.

Timecodes:
0:06 - Welcome to the show and introduction to Mitch Silberman
1:54 - Mitch's time as a childhood actor and what led him to wealth management
3:26 - Mitch's story is a relatable to many throughout Southern California
5:00 - What people can be doing right now to give them peace of mind about their finances
6:15 - Why wealth planning is so crucial these days
7:52 - The main elements evaluated during Mitch's discovery process
9:15 - The people Mitch works best with already have a financial advisor
11:26 - The keys to ensuring the discovery process is done well
13:22 - How the human element plays a vital role within the wealth management sector
16:19 - Lessons that can be learned from the affluent and their wealth planning strategies
17:57 - The types of questions asked when clients meet with Mitch for a discovery meeting
20:33 - The type of assessment a client leaves Mitch's office with
22:13 - Closing remarks

Connect with Mitch Silberman:

Website
Facebook