Wealthyist

In this episode of the "Wealthyist" podcast, hosted by Dr. Brian Jacobsen, Chief Economist at Annex Wealth Management, and featuring Erik Strom, Director of Financial Planning, the discussion centers on the impact of the "big beautiful bill" on charitable giving and tax-efficient strategies. Key points include: Standard Deduction Increase : The 2017 Tax Cuts and Jobs Act doubled the standard deduc...

In this episode of Wealthyist, hosted by Brian Lamborne, senior wealth strategist at Annex Private Client, and featuring new team member Anthony Mlachnik, the discussion focuses on strategic financing as a tool for the wealthy. Continuing from a prior conversation on tax-aware investing, they explore how strategic financing leverages assets to borrow money tax-free, providing liquidity without tri...

In this episode of "Wealthyist," hosted by Brian Lamborne, Senior Wealth Strategist with the Annex Private Client Team, the focus is on tax-aware investing and aligning financial strategies with clients' purposes. Brian introduces Anthony Mlachnik, a new senior wealth manager at Annex Private Client, who shares his background and his experience working with complex clients nationwide. The discussi...

In this episode of Wealthyist podcast, hosts Brian Lamborne, a senior wealth strategist, and Alec Durand, an estate planning attorney with Annex Wealth, discuss the implications of the recently passed One Big Beautiful Bill Act in the context of the Tax Cuts and Jobs Act of 2017 (TCJA). The TCJA, effective since 2018, doubled the federal estate tax exemption to around $14 million (adjusted to $13....

Episode Focus: The episode explores the lifestyles, choices, and strategies of the wealthy, with a specific focus on their interest in exclusive and rare wines, wine trends, and the art of collecting and storing wine. Key Points Discussed: A Memorable Wine Hunt Story: Ben from Waterford Wine (https://waterfordwine.com/) shares a story from 20 years ago when a CEO visited his store and requested a...

This week's episode of Wealthyist podcast, hosted by Kent Helene, Associate Wealth Manager at Annex Wealth Management, features a conversation with Sandy Wysocki, Executive Director of the Sharon Lynne Wilson Center for the Arts. The episode explores the intersection of arts, philanthropy, and financial planning, particularly for high-net-worth individuals. Here’s a summary of the key points: Over...

In episode 25 of "Wealthyist," Annex Private Client Wealth Strategist Brian Lamborne  discusses charitable giving with Jason Kohout, Chair of the Family Office area at Foley and Lardner and director of the Wisconsin Philanthropy Network. Kohout, an estate planner, focuses on helping clients with wills, trusts, tax planning, and charitable contributions, including creating private foundations. Key...

In this episode of "Wealthyist" podcast, host Brandon Lehman interviews Dale Kooyenga, president of the Metro Milwaukee Association of Commerce, about economic development in the Milwaukee region, specifically the Milwaukee Seven (M7), which represents seven counties in southeast Wisconsin: Milwaukee, Kenosha, Ozaukee, Racine, Walworth, Waukesha, and Washington. The M7 focuses on regional economic...

In this episode of the Wealthyist podcast, hosts Brian Lambourne and Alec Durand discuss the common misconception that forming an LLC is primarily for tax benefits. They clarify that the primary purpose of an LLC (Limited Liability Company) or corporation is to limit liability for business owners, not to provide tax advantages.  Key points include: Purpose of LLCs and Corporations : These entities...

In this episode of the Wealthyist podcast, hosted by Brandon Lehman, Director of Private Client, the focus is on the booming global pet care market, valued at $247 billion in 2023 and projected to reach $425 billion by 2032. Lehman interviews Allen Kline, owner of K9 Resorts of Brookfield, a luxury dog daycare and boarding facility branded as the "Ritz-Carlton of dog hotels."  Key Points: Luxury P...

The podcast "Wealthyist," hosted by Carl Holzem, a client service manager and golf enthusiast, explores the lifestyles and strategies of wealthy individuals, focusing on their affinity for golf. Joined by Rob Jansen, Executive Director of the Wisconsin State Golf Association (WSGA) since 2011, the episode delves into golf's appeal to the affluent and its growth in Wisconsin. Key Points: WSGA's Rol...

This episode of Wealthiest , hosted by Alec Durand and Brian Lamborn, attorneys at Annex Wealth Management, focuses on the importance of "spring cleaning" for corporate records, particularly for small business owners. They emphasize the need to maintain and update corporate paperwork to ensure legal compliance, protect personal assets, and enhance business efficiency. Key points include: Importanc...

In this episode of Wealthyist , host Brandon Lehman, director of Annex Private Client, interviews Charlie Dixon, president of Schwanke-Kasten Jewelers in Milwaukee, to discuss the luxury watch industry, its evolution, and trends. The conversation covers the following key points: Introduction to Watches : Lehman shares his personal connection to watches, mentioning his Garmin Tactics Delta, a milit...

In this episode of Wealthyist podcast, host Brandon Lehman, director of Annex Private Client, discusses estate planning with a focus on inherited gold and jewelry. He is joined by Charlie Dixon, president of Schwanke Cash and Jewelers. Key points include: Rising Gold Prices: With gold at $3,400 per ounce (up over $1,000 from last year), estates with gold jewelry or items are increasingly valuable,...

In this episode of "Wealthyist," host Brian Lamborn, Senior Wealth Strategist at Annex Wealth Management, continues his discussion with Ryan Klund from the National Christian Foundation (NCF) about charitable giving, focusing on donor-advised funds (DAFs) and their role in wealth planning.  The conversation contrasts DAFs with private foundations, particularly for successful business owners who va...

In this episode of "Wealthyist," host Brian Lamborne interviews Ryan Klund from the National Christian Foundation (NCF). The two met at an Exit Planning Institute event and discovered overlapping interests between Annex Wealth Management, where Brian works, and NCF. Ryan introduces NCF as the largest Christian donor-advised fund, designed to assist Christians serious about generosity with creative...

This episode of Wealthyist , hosted by Brandon Lehman of Annex Wealth Management,is  based on his recent observations from eight weeks of work-related travel. Central Question: "What’s Next After Retirement?" Lehman notes a recurring question from successful executives nearing retirement: “What do I do next?” Many have thrived in corporate life, amassed wealth, and are ready to leave the 9-to-5, b...

The podcast "Wealthyist," hosted by Brandon Lehman, Director of Annex Private Client, addresses the common question posed at mergers and acquisitions conferences: "How do I even get started?" with regard to transitioning out of a business while ensuring a prosperous life post-exit. Lehman explores various exit strategies beyond the humorous option of death, such as selling to the next generation,...

In this episode of "Wealthyist", hosted by Brandon Lehman, Director of Annex Private Client at Annex Wealth Management, the focus is on the importance of diversification for business owners. Lehman emphasizes that many business owners invest all their time, energy, and resources into building their businesses, often neglecting to diversify their assets. This lack of diversification can leave them...

In this episode of "Wealthyist,"  Liam McKinney, Wealth Strategist at Annex Wealth Management, featuring Brian Jacobson, the Chief Economist at Annex Wealth Management. The episode focuses on private equity, its appeal to wealthy investors, and its role in portfolio diversification. The podcast begins by highlighting the growth of private equity, noting that in 2024, U.S. private equity deal value...

In the podcast "Wealthyist," hosted by Brian Lamborn, guest Rose Gray from Fox World Travel discusses the evolving travel preferences of the wealthy. Traditionally, wealthy travelers sought luxury, exclusivity, and unique experiences, often influenced by a "keeping up with the Joneses" mentality. However, Rose notes a shift toward seeking novel, immersive destinations like Morocco, India, and Peru...

The podcast features Liam McKinney, a strategist, and Brian Jacobson, Chief Economist, discussing the growing trend of private credit among wealthy investors . They note a nearly 25% increase in asset growth for forty act funds in 2024 compared to the previous year, highlighting the rising interest in this space. Private credit, part of the alternative asset class , involves non-publicly traded de...

Introduction: The episode begins with the notion that many people believe the wealthier you are, the more likely you have your life organized, a perception possibly exaggerated by social media. Main Discussion Points: Misconceptions about Wealth: The hosts challenge the idea that wealth equates to having life together, noting that wealth often brings complexity and more variables to manage. Statis...

Nightmare Scenarios in Business and Wealth Management: Losing Control of Assets: Lehman compares the panic of losing a weapon in the military to the fear of losing control over one's business or assets due to lack of planning. Succession Planning Failures: Multiple Owners: If a business has multiple owners or potential inheritors (like a farm with several children, only one of whom works it), poor...

In this episode of "The Wealthiest" podcast, Brandon Lehman and guest Brian Lamborne, a tax law expert, discuss the intricacies of business succession planning, emphasizing the importance of starting this process from the inception of a business. They cover critical aspects like the alignment of business owners, the choice between stock and asset sales, and the significant role of professional adv...