The Wealth Stream Podcast

Continuing his Passion Series, Tim speaks with returning guest Stewart McMillan. Stewart talks about his journey of selling his business and following his passion, and what the process of exiting a business looks like. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Continuing his Passion Series, Tim speaks with returning guest Stewart McMillan. Stewart talks about his journey of selling his business and following his passion, and what the process of exiting a business looks like. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Sometimes, it is hard to find your passion after you have exited your business and retired. Our guest, Rocky Schiralli, discusses how you can maintain purpose and find your new passion once your working days are over. In this episode, Rocky describes his experience of leaving one workplace and pursuing another business passion. Hightower Advisors, LLC is an SEC registered investment advisor. Secur...

Tim runs through the six power ratios that buyers are going to want to know before they purchase your business. Tim discusses why it’s important to be prepared for all scenarios to ensure that you’re getting the most you can for the business you’ve built. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Samantha Pietruszynski discusses how to approach having “the talk” with your parents and highlights the benefits of addressing it early and frequently to ensure that if unfortunate circumstances arise, you and your loved ones will have the time to grieve, not stress. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FI...

As a business owner, there are plenty of things you need to keep in mind to run your business smoothly. As a result, your exit plan can often go untouched. Tim lists 10 things to think about so that when it comes time to retire, the transition of your business will run smoothly.  Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securiti...

Tim speaks out about what he means when he says 'freedom point' and why it's important in retirement. Tim helps you understand why knowing your freedom point is important and some things that you might want to know to reach this point. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Tim discusses how raising your business as if it were your own child can maximize your value for your exit plan. Tim discusses how having the mentality of raising your business like your child will lead to you being more prepared to exit, and so will your business. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINR...

Tim introduces us to the Switzerland Discount, detailing three things business owners should not be overly reliant on, including a key employee, or a key supplier can be problematic, especially when it comes time to exit your business. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Tim shares eight things you can do to create a product out of your services. Many people are shopping online and prefer not to go in-store, creating a product that consumers can take home could be great for small businesses. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Tim looks at reasons for why business owners choose to exit, their personal motivations, whether there’s an event that inspires it, or it’s just their time to leave. Tim looks at how these choices affect the sale price. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Tim outlines five key mistakes people make trying to protect and ensure their art collection. Tim highlights the importance of seeking an expert and going through a checklist that will help you avoid these mistakes. Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

In this episode, Tim aims to help the sandwich generation manage the financial situations of both their family and their parents. Tim lays out five key areas for people in this generation to consider while managing their situation. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Tim is joined by guest Laurie Barkman, founder of SmallDotBig to discuss growth through acquisitions as a means of succession and exit planning for business owners. Laurie shares her recommendations and insights into what makes a successful business acquisition. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/S...

Tim and guest, Keith Wolak, CPA at Hoeppner Wagner & Evans LLP have a conversation around special needs trusts. Keith speaks about both trusts and special needs trusts, and examines the risks and benefits of each and how they work. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Tim discusses wealth preservation, wealth enhancement, wealth transfer, wealth protection, and giving to charity as key concerns for the wealthy, and shares his insight about how to approach each concern. Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

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. Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities,...

Tim introduces Donald Stellin, a financial advisor at HGL. Don shares his love for not only helping his clients achieve their financial goals, but also his love of skiing and deep involvement in the sport. Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Tim shares three critical wealth planning mistakes he sees family business owners make. Tim walks you through each mistake and provides an example that showcases the types of issues that may arise. Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Samantha is in the hot seat as she takes the lead in interviewing fellow team member Wes. In this episode, Wes describes his journey to becoming a CFP and shares the challenging side of helping people with their financial needs. Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Policy changes can affect numerous things, and for Blair, knowing everything there is to know is something he strives to be on top of when those changes inevitably happen. In this episode, Blair shares a bit about his history as an advisor and how he approaches his work. Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Membe...

Being a business owner can get lonely. When you want to talk about ideas, it’s better to discuss with your peers. In this episode, Tim Scannell talks all about mastermind groups, shares details about a group he is running, and how mastermind groups come to fruition. Tim explains the process of forming a mastermind group and why he sees so much value in them. Tim discusses: Four things Tim consider...

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....

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...

When you’re planning to sell your business, it’s extremely important to factor in the impact of taxes – both on the federal and the state level.  In this episode, Tim Scannell is joined by returning guest John Wiktor, head of the Trusts and Estates Group at HMB Legal Counsel. John dives into the tax-planning side of every business sale, and talks about how you can minimize your state taxes by...