Wisdom and Wealth

On the latest episode of Wisdom and Wealth, we take a deep dive into the world of wealth management as a whole and what it means to the modern day investor. Each and every individual/family should be leveraging a wealth plan that's catered towards their goals for the future. But what does their plan look like and how do they develop it? That's where we come in.

On the latest episode of Wisdom and Wealth, we sit down with hosts Ryan Ruff and Frank Astorino as they discuss succession planning for business owners. The team is hosting a special guest, Edward A. Gramigna, Jr. from #faegredrinker who advises high net worth individuals on structuring, managing and preparing for the transfer of assets with the goal of minimizing estate and income taxes. Learn more about #successionplanning with us today!

Welcome back to our #WisdomandWealthPodcast with host Ryan Ruff! We are proud to introduce our newest team member, Kevin Astorino as he discusses his background, his motivation and how he plans to better serve our #AstorinoFinancial clientele.

On the latest episode of Wisdom and Wealth, we're joined by Mary-Ellen Salamone, of Write on Sports, to discuss charitable giving and its impact on our finances. Mary-Ellen's work through the charitable organization Write on Sports is providing fantastic opportunities to kids and young adults. Join us for a great conversation!

On the latest episode of Wisdom and Wealth, we venture into the dynamic and multifaceted world of a CEO, exploring the challenges, triumphs, and secrets behind effective leadership at the top of the corporate ladder. We're joined by David Astorino, Senior Partner at RHR International, as we dissect the complexities of the CEO role and gain invaluable insights from seasoned executives and management experts. For more than 20 years, he has been applying his expertise to complex client engagements, helping CEOs and boards of directors successfully drive the human side of transformational change within their organizations.This episode is packed with helpful considerations for our audience, including worthwhile insights from industry experts!Timecodes:0:06 - Introduction and overview on the topic of the day1:40 - Why Frank wanted to invite David (his brother) onto the podcast3:01 - What issues tend to keep CEOs awake at night?6:25 - The wealth management concerns that CEOs are focused on7:52 - How CEOs need to navigate a work-life balance and the complexities of running their business simultaneously12:14 - Frank's work with business owners to discuss life beyond their business15:55 - The new generation of CEOs and the differing management styles19:08 - Having values-driven conversations with younger generations22:52 - CEOs need to become an expert at listening28:01 - Control what you can control33:49 - Fees vs. value37:18 - How CEOs should analyze the cost of improving their business41:27 - How to get in touch with Frank and David to discuss your concerns as a CEO42:16 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

Here’s a question: How well do you and your spouse, or partner, work together when figuring out issues around saving, spending and investing? The answer could have a big impact on your future as individuals and as a couple. On the latest episode of Wisdom and Wealth, we’re taking a closer look at how you can build a better financial partnership to go along with your marital one and navigate some more challenging conversations along the way!Timecodes:0:06 - Introduction and overview on the topic of the day1:25 - Roughly 75% of marriages have one person that is more financially savvy and they take control of finances4:17 - Having open financial discussions can help build a stronger marriage5:45 - The advantages of discussing your finances openly with your spouse7:47 - Steps for being more effective in your financial planning as a couple10:07 - Every relationship has compromises12:37 - What if you and your spouse have different wealth personalities? 15:18 - How a wealth manager can be a mediator between a couple's financial discussions17:20 - How to get in touch with Frank's team and open up a dialogue18:27 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

We can be blindsided at any time by bad news—a death, a job loss, a natural disaster—that makes it hard to know whether we’re still on solid financial ground. On the latest episode of Wisdom and Wealth, we’re taking a closer look at smart ways to regain much-needed clarity if you’re faced with major uncertainty and steps you can take if you need to get back on track.Timecodes:0:06 - Introduction and overview on the topic of the day1:34 - Uncertainty can sneak up on us and impact our financial world3:42 - The first step you can take when you're surprised by a life event5:32 - What is a financial stress test? 7:12 - How a stress test can be leveraged in these moments9:00 - Most people have gaps in the foundation of their financial plan10:58 - Advice for navigating the emotions tied to a life event13:40 - How Frank's team addresses gaps in the financial plan16:00 - How to get in touch with Frank and his team to discuss further18:02 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

As families’ wealth increases and as that wealth gets passed on to heirs, the issue of philanthropy often becomes more and more important to wealthy families. TOn the latest episode of Wisdom and Wealth, we’re looking at a specific resource that these families should know about and should consider—a professional known as a philanthropic advisor, who is deeply focused on the area of charitable giving.Let's get started!Timecodes:0:06 - Introduction and overview on the topic of the day2:00 - The appeal of working with a philanthropic advisor3:25 - How a philanthropic advisor works with their client4:45 - Getting involved on a more granular level6:17 - Providing guidance on the strongest charitable tools and vehicles available8:23 - Surprising factors within the realm of charitable giving10:04 - How to decide if you need to work with a philanthropic advisor12:45 - The characteristics of a skilled philanthropic advisor16:00 - How you can get in touch with Frank's team to discuss this further17:43 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

If you are like many business owners, you’re looking out for more than just the financial health of your company. You also want to take care of your family and loved ones by providing for them and setting them up for rewarding lives of their own. On the latest episode of Wisdom and Wealth, we’re exploring how proactive estate planning can help you pursue those goals.Timecodes:0:06 - Introduction and overview on the topic of the day1:39 - The role estate planning plays for a business owner2:47 - Most entrepreneurs aren't adequately addressing the need for estate planning5:22 - Many estate plans are outdated 6:30 - How an outdated estate plan can negatively impact a business owner and their family8:27 - The first step in updating your estate plan10:09 - You need to consider how your children will receive assets13:42 - Building your estate plan 15:23 - The mistakes that can be made during estate planning efforts17:09 - How to get in touch with Frank and his team18:34 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

Family conflicts can wreak havoc on a family-run business, especially when it comes time to transfer ownership of the company from one generation to the next. On the latest episode of Wisdom and Wealth, we’re taking a look at how a well-designed succession plan can reduce that risk and help facilitate a transfer that leaves everyone in the family satisfied.Timecodes:0:06 - Introduction and overview on the topic of the day3:00 - How can a business owner assess their need for succession planning?5:56 - Where to begin with succession planning efforts8:02 - A succession plan can help avoid family conflict10:20 - A succession plan can also address the technical issues inside a business13:28 - The process of getting your thoughts formulated into an active succession plan15:30 - The issues that can arise during succession planning efforts18:05 - How to get in touch with Frank's team21:00 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

Believe it or not, it’s not always easy to inherit significant wealth. Many inheritors feel tremendous pressure to prove that they deserve the money. That pressure can lead to great things or big problems, depending on how well they navigate the situation. On the latest episode of Wisdom and Wealth, we’ll explore ways that inheritors can feel more validated and comfortable with wealth.Timecodes:0:06 - Introduction and overview on the topic of the day1:30 - Inheriting significant wealth can be a double-edged sword2:55 - There are a lot of considerations for the matriarchs and patriarchs4:22 - Inheritances can mentally impact anyone6:16 - The longing for legitimacy that enters the picture7:40 - Wealth can motivate or it can damage9:56 - Smart ways that inheritors can go out and get the validation they seek11:54 - How someone can achieve validation if they don't wish to continue the family business13:46 - It's all about living a meaningful life16:00 - How to get in touch with Frank and his team17:50 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

None of us want to think about losing our mental edge later in life, but it's something you need to consider. Commonly, people experience a degradation of financial decision-making abilities and "mental sharpness" beginning in their 60s or 70s. On the latest installment of Wisdom and Wealth, we're addressing strategies to safeguard your assets from any wealth-destroying mental money mistakes before that time comes! This is such an important conversation and we hope you leave with some key takeaways for your own financial well-being!Timecodes:0:06 - Introduction and overview on the topic of the day1:28 - Let's face it...we're getting older2:37 - How a loss of mental sharpness can inhibit your financial decision-making abilities5:02 - Start planning as early as you can6:17 - The steps people should be considering at this point in life8:06 - How family members and trusted advisors should be utilized in this moment11:02 - The legal documents and formal steps that need to be considered13:22 - The mistakes people make during this time in our lives15:53 - Final thoughts and considerations from Frank17:14 - How you can get in touch with Frank and his team18:10 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

We’re living longer than ever these days. That means our wealth may need to see us through what could be an extremely lengthy retirement. On the latest installment of Wisdom and Wealth, Frank and Ryan are exploring how an increasingly important aspect of wealth management, called longevity planning, can potentially help position our finances for the long haul.Timecodes:0:06 - Introduction and overview on the topic of the day1:50 - Living longer can be a bit of a double-edged sword for us3:40 - A wealth management strategy popping up within longevity planning5:35 - An example of how wealth management can support concierge medicine7:38 - An additional concern we should examine within longevity planning10:08 - The ripple effect of not implementing proper longevity planning11:50 - Questions you should be asking yourself and discussing with trusted advisors13:10 - Utilize the second opinion service14:30 - How to get in touch with Frank and his team15:00 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

Planned giving can help your financial portfolio, while doing good for others in the world. When you provide meaningful financial support to the causes you care about, you have the potential for tax breaks. On the latest installment of Wisdom and Wealth, Frank and Ryan explore the various charitable giving strategies and vehicles that can help get you started, as well as those strategies to enhance your existing philanthropic efforts to be more impactful. We have another great episode that's packed with beneficial information! Enjoy!Timecodes:0:06 - Introduction and overview on the topic of the day1:52 - Is there an interest in charitable giving these days? 3:28 - How wealth planning fits into charitable giving5:01 - Where to begin if you're interested in charitable giving strategies6:57 - The foundational methods that exist within charitable giving 12:51 - How private foundations work and who should be looking into this strategy14:59 - Who you should turn to for guidance and support on charitable giving efforts16:45 - The most important aspect within charitable giving18:15 - How you can get in touch with Frank's team19:22 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn

In the latest installment of Wisdom and Wealth, Frank steps outside of the typical wealth management conversation to address how wealth is ultimately generated in the first place. Listen as he discusses the benefits, as well as challenges, associated with entrepreneurship. Despite being the single fastest and most effective means of generating significant wealth, there are plenty of strategies and essential best practices to consider before attaining significant wealth. So sit back, relax, and enjoy this unique conversation featuring the other side of the wealth management equation. Timecodes:0:06 - Overview on the topic of the day2:08 - The power of entrepreneurship in today's day and age4:58 - The commitment to achieve8:02 - You have to take action and begin implementing your plan9:40 - You need a high-quality business plan11:26 - The ability to build powerful relationships13:00 - Building and maintaining a high-quality team over time15:00 - Aligning with a team of professionals17:30 - How you can get in touch with Frank and his team18:58 - Closing remarksConnect with Frank Astorino:WebsiteFacebookLinkedIn