In this episode, we delve into the secrets of success and wealth management with our guest Homer Smith, Private Wealth Advisor, Konvergent Wealth Partners. We explore the decisions successful people make, the concept of a virtual family office, and the importance of making good decisions about wealth and taxes. We also discuss the challenges of managing wealth and the benefits of a comprehensive approach to wealth management.

Topics Discussed

• The mindset and decision-making process of successful people

• The concept and benefits of a virtual family office

• The importance of making good decisions about wealth and mitigating taxes

• The differences in managing ultra wealthy individuals versus those in the median wealth range

• The role of taxes in wealth management and the benefits of focusing on tax efficiency

• The challenges faced by accountants and lawyers in wealth management and strategies to overcome them

• The importance of understanding the intent of wealth management solutions

• The role of insurance in wealth management

• The benefits of an All-Weather approach to investment and wealth management

• The psychological worries of wealthy individuals and how to address them

• The importance of focusing on the big picture in wealth management

Conclusion

This episode is a must-listen for anyone interested in wealth management, the psychology of successful people, and the intricacies of managing wealth. It provides valuable insights and strategies to navigate the complex world of wealth management and achieve financial success.

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.