Monthly Archives: October 2024

Episode 233 – Aligning the Tax Strategy to the Investor with Josh Freeman and James Costabile

October 21, 2024Advisorpedia, Finance, Industry Innovators, Power Your Advice, UncategorizedJulia Smollen

Today we’re joined by the team at iCapital, a company dedicated to powering the world’s alternative investment marketplace.

We welcome Josh Freeman, Vice President of Research and Due Diligence, and James Costabile, Managing Director and Head of Alternatives Distribution.

In this episode, we explore tax-efficient strategies to help investors and advisors navigate year-end planning and manage capital gains more effectively.

Topics discussed:

Tax-efficient strategies for investors, focusing on year-end planning, managing capital gains, and using tools like 1031 exchanges and Qualified Opportunity Zones (QOZ).
iCapital connects asset managers, issuers, and wealth managers to offer alternative investments such as structured products and annuities, supporting advisors with research and expertise.
Delaware Statutory Trusts (DSTs) offer a 1031 alternative, providing passive real estate investment opportunities and reducing property management burdens for investors.
The 721 UPREIT allows investors to exchange DST ownership for REIT units, maintaining 1031 benefits but limiting further exchanges, making it ideal for long-term passive exposure.
Advisors should tailor strategies to client preferences: active owners may prefer traditional 1031s, passive owners may opt for DSTs, and passive investors could benefit from the 721 UPREIT.
QOZ funds provide tax deferral and potential tax-free gains after 10 years.

To learn more about the potential tax benefits of 1031 Exchanges and Opportunity Zones, iCapital is hosting a CE-credited webinar with Ares and Griffin Capital Wednesday, October 30th from 4-5pm ET. Register here: https://learn.icapital.com/tax-strategies-webinar

Resources: iCapital

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Episode 232 – Guiding Advisors Toward New Summits with Jim Dickson

October 15, 2024Advisorpedia, Finance, Industry Innovators, Power Your Advice, UncategorizedJulia Smollen

Jim Dickson is the Founding Partner and CEO of Elevation Point. Elevation Point partners with financial advisors and independent RIAs, offering strategic guidance and resources to accelerate business growth.

In this podcast, Jim and Doug discuss Elevation Point and their unique approach as an accelerator rather than an aggregator in the wealth management industry.

Topics also discussed:

Elevation Point’s offerings of minority stake partnerships to help advisors and RIAs grow without selling their entire business.
Their acquisition of Mount Yale Capital Group enables them to provide operational, compliance, and investment services, scaling faster by integrating established systems.
How they serve breakaway advisors seeking independence and RIAs who want to focus more on clients by offloading operational burdens.
Elevation Point differentiating itself as an accelerator, offering tools, technology, and services without forcing firms to change their successful models.
Future plans including more acquisitions and expanding exclusive investment opportunities through their Alt 62 platform.

Resources:

Elevation Point

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Episode 231 – Kingswood’s Billion-Dollar Partnership with Eudaimonia with Mike Nessim, Jaime Golden, & John Goodson

October 9, 2024Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized#Advisorpedia, #DougHeikkinen, #Eudaimonia, #FinancialAdvisors, #Investors, #JaimeGolden, #JohnGoodson, #KingswoodUS, #MikeNessim, #PowerYourAdviceJulia Smollen

Kingswood U.S. recently announced the successful partnership of the Nashville, Tennessee-based Eudaimonia Partners and Eudaimonia Advisors (Collectively known as “Eudaimonia”).

Additionally, it entered a strategic alliance with Eudaimonia Asset Management, a turnkey asset management-based RIA. The three RIAs under the Eudaimonia Group collectively represent more than $1 billion in total client assets.

To discuss this new partnership, we welcome, Mike Nessim, CEO and Managing Partner of Kingswood U.S., Jaime Golden, President of Acquisitions at Kingswood U.S., and John Goodson, Founder & Partner of Eudaimonia.

Points also covered:

The partnership representing over a billion dollars in client assets, marking a significant milestone in Kingswood’s growth strategy to scale up its RIA.
How the acquisition is larger and more complex than Kingswood’s previous ones, facilitated by established relationships and a shared advisory culture.
The partnership aligning both firms’ values and focusing on supporting financial advisors, making it an ideal fit for Kingswood’s growth strategy.
Eudaimonia’s turnkey asset management platform (TAMP) and how it provides holistic wealth management services, enhancing advisor offerings.
Both firms seeing Nashville as a key growth market, with plans to leverage their partnership for continued expansion across the Southeast and beyond.