Tag: Derek Myron
Bringing Exponential Value to Clients With the Elite Advisor Collaboration Program (Ep. 71)

Bringing Exponential Value to Clients With the Elite Advisor Collaboration Program (Ep. 71)

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When financial advisors collaborate with fellow professionals (EPAs, CPAs, other advisors, etc.), it helps them improve their client service and simultaneously accelerate their own growth.

This is the rationale behind Centura Wealth Advisory’s Elite Advisor Collaboration Program (EACP), where radically transparency is the cornerstone.

In this episode, Jonathan Freeman and Derek Myron explain what EACP entails and how it helps advisors effectively serve ultra-high-net-worth clients.

Jonathan and Derek discuss:

  • The importance of collaboration within the financial services industry
  • What type of advisors are best suited for the Elite Advisor Collaboration Program
  • Five key pillars of serving ultra-high-net-worth clients
  • How advisors can leverage EACP for serving prospects
  • And more

Resources:

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Connect with Derek Myron:

Connect With Centura Wealth Advisory:
How To Cut Your Tax Bill by Navigating the Cap on SALT Deductions (Ep. 68)

How To Cut Your Tax Bill by Navigating the Cap on SALT Deductions (Ep. 68)

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In 2017, the state and local tax (SALT) deduction was capped. This severely impacted the taxes for many people, especially the high-income earners in high-income-tax states.

In this episode, Roby Kotcamp and Derek Myron talk about the provisions that many states are offering, including California, to help taxpayers minimize the impact of the SALT deduction limit.

Roby and Derek discuss:

  • The evolution of SALT deductions — and the latest changes expected to stay until 2026
  • What type of business owners can benefit most from the deduction
  • Key deadlines you should be aware of to take advantage of the deduction in 2023
  • How Centura works closely with CPAs to help clients navigate the SALT deduction
  • And more

Resources:

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Connect With Derek Myron:

Connect With Centura Wealth Advisory:
“Above-the-Line” Financial Planning: How to Move the Needle on Your Wealth Management Services (Ep. 66)

“Above-the-Line” Financial Planning: How to Move the Needle on Your Wealth Management Services (Ep. 66)

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At Centura, we divide financial planning services into two categories: 1) Steps that make your plan just “good enough” and 2) Steps that actually move the needle and make a measurable difference in your wealth.

In this episode, Derek Myron and Sean Clark unpack the four steps that fall “below-the-line” and three steps that fall “above-the-line” in financial planning. They further explain the impact that each step has on your financial plan.

Derek and Sean discuss:

  • What sets Centura Wealth Advisory’s Liberated Wealth® Process apart
  • The importance of adopting a forward-looking approach to tax planning
  • How Centura professionals collaborate with CPAs and estate planning attorneys to improve the client experience
  • How balance sheet optimization works (and why it matters)
  • And more

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Connect With Sean Clark:

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Tax-Efficient Philanthropy With Charitable Remainder Trusts (Ep. 65)

Tax-Efficient Philanthropy With Charitable Remainder Trusts (Ep. 65)

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Historically, many Americans have been quite charitably inclined.

If you are one of them, your philanthropic efforts can be optimized with Charitable Remainder Trusts (CRTs) that help you minimize your taxes when donating to your favorite organizations.

In this episode, Derek Myron and Kyle Malmstrom explain the benefits and risks of Charitable Remainder Trusts (CRTs) and why they are starting to regain their relevance in the current environment.

Derek and Kyle discuss:

  • How to determine if CRTs are ideal for your family
  • The different types of Charitable Remainder Trusts — and how to plan for them
  • How payout rates and duration impact your charitable planning
  • The types of investments that might work best within CRTs
  • And more

Connect With Centura Wealth Advisory:
Centura Client Experience from Retired Executives Point of View (Ep. 64)

Centura Client Experience from Retired Executives Point of View (Ep. 64)

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Chuck and Mary Ann Cox became clients of Derek Myron, Managing Director of Centura Wealth Advisory (Centura), in 2004. After 18 years of wealth management and financial planning, Derek continues to serve Chuck today (unfortunately, Mary Ann passed away in 2018).

In this episode, Derek Myron interviews Chuck Cox, a retired executive, about his client experience at Centura. Chuck provides insights into the wealth management approach adopted by Centura and how it has improved his financial well-being over the years.

Chuck discusses:

  • The challenges he and Mary Ann faced while managing wealth on their own
  • How Centura advisors helped him in estate planning, tax planning and balance sheet optimization
  • How alternative investments contributed to his financial goals
  • Why he was able to assist in his daughter’s business without taking a hit on his own financial position
  • And more

Resources:

Connect With Centura Wealth Advisory:

The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.
Centura Client Experience from Retired Executives Point of View (Ep. 60)

Centura Client Experience from Retired Executives Point of View (Ep. 60)

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Aubrey Serfling and Lori Long have worked with Centura Wealth Advisory (Centura) as clients for over eight years now. Despite being retired executives today, they continue to work on their charitable endeavors.

In this episode, Derek Myron interviews Aubrey and Lori about their client experience at Centura. They share insights into their wealth management journey which includes comprehensive tax planning, estate planning, balance sheet optimization, and cash flow planning.

Aubrey and Lori discuss:

  • Major pain points they uncovered during their discovery process
  • How they have benefited from trusts (e.g. CLATs) and various alternative investments
  • Balance sheet items that caused maximum problems — and how they addressed them
  • Their advice to executives who are trying to manage wealth on their own
  • And more

Resources:

Connect With Centura Wealth Advisory:

The presented testimonial is from a current Centura client and is for informational purposes only. The statements provided should not be considered as a representation of all client experiences, which may differ substantially.
The Current Commercial Real Estate Landscape in Southern California (Ep. 50)

The Current Commercial Real Estate Landscape in Southern California (Ep. 50)

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Are you looking for lucrative real estate opportunities in Southern California?

If yes, then this episode is for you.

In this episode, Derek Myron speaks with Eric Northbrook, Managing Director of Voit Real Estate Services’ San Diego and Carlsbad offices. Eric shares insights on the current commercial real estate landscape in Southern California, along with potential investment opportunities for both individuals and businesses.

Eric discusses:

  • Recent trends in multi-family, office, and industrial real estate
  • Key variables that can impact commercial real estate moving forward
  • Current real estate inventories in the San Diego County
  • Areas that are gaining more traction from real estate investors
  • And more

Connect With Eric Northbrook:

Connect With Centura Wealth Advisory:

About Our Guest:

As Managing Director of Voit Real Estate Services’ San Diego and Carlsbad offices, Eric Northbrook oversees Voit’s operations and directs a team of brokerage professionals who work together to provide clients with a single-point of service for all of their commercial real estate requirements. Prior to joining Voit, Northbrook served as Executive Director of Brokerage Services for Cushman & Wakefield of San Diego. While there, his focus was on the Central San Diego County and I-15 Corridor specializing in tenant and corporate representation. He is an expert in representing institutional owners in the marketing and leasing of quality Class A office space. Prior to Cushman & Wakefield, Northbrook was with Colliers International for 12 years, where he was a consistent top producer.
Private Equity Investment Opportunities in India (Ep. 48)

Private Equity Investment Opportunities in India (Ep. 48)

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Do you want to diversify your portfolio by investing outside of the U.S. markets?

If yes, then it is time to take a look at private equity investment opportunities in one of the biggest emerging markets — India. 

In this episode, Derek Myron is joined by Manu Rikhye, partner at GrowX Venture Management. They talk about the emerging sectors in India and how you can invest in early-stage businesses during the different rounds of venture capital funding.

Manu discusses:

  • Why more companies are opting for private equity instead of an IPO
  • Factors that make India an attractive market to invest in today
  • The investment life cycle of a company from idea stage to a large enterprise
  • Mortality rates for early-stage businesses and expected returns if they succeed.
  • And more

Resources:

Connect With Manu Rikhye:

Connect With Centura Wealth Advisory:

About Our Guest:

An accomplished professional with 16 years of all‐round contribution in financial services, Manu has extensive experience in the offshoring industry and distressed debt management space – with expertise in core business strategy, M&A, and inspirational leadership. A founding member of the Midland Credit Management India Pvt. Ltd, a wholly owned subsidiary of US-based Encore Capital Group, he was responsible for strategy, business plans, budgets, and P&L for the India Debt Recovery Operations for Encore’s US, UK and Australia & New Zealand portfolios. In 2015, Manu led the acquisition of Baycorp, a leading debt purchasing and contingency collections company based in Australia and New Zealand. Prior to Encore, Manu has worked with established brands including Global Vantedge and GE Capital International Services.

 
44. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes) — Part Two

44. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes) — Part Two

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The Build Back Better Act has recently been passed by the U.S. House of Representatives.

While it is yet to become a law, there are steps you can take today to minimize the legislative proposal’s impact on your wealth transfer, in case it is passed.

In this episode, Derek Myron and Kyle Malmstrom dive into the potential tax implications of the proposal for retirement plan owners. They also share how they are helping clients at Centura Wealth Advisory to prepare for these expected tax changes.

Derek and Kyle discuss:

  • Why they believe the new proposal to be an “assault on the U.S. retirement plans”
  • People who might be severely affected by this potential tax law change
  • How existing wealth transfer strategies might become obsolete under the new proposal
  • Best practices to minimize your estate taxes
  • And more

Resources:

Connect With Centura Wealth Advisory:
42. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes)

42. How To Optimize Retirement Plan Distributions (In Light of Proposed Tax Changes)

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Over the years, you may have accumulated a large sum of wealth in your retirement accounts.

But withdrawing that money tax-efficiently can feel like a challenge, especially under proposed tax changes currently being discussed.

In this episode, Derek Myron and Kyle Malmstrom discuss how the expected estate tax changes may potentially affect your retirement plan distributions, and share effective strategies to help you transfer your accumulated wealth to your desired beneficiaries in a tax-efficient manner.

Derek and Kyle discusses:

  • A brief overview of the proposed Build Back Better Act
  • Different ways to take your money out of Individual Retirement Accounts (IRAs)
  • “Live-on” assets versus “leave-on” assets — what is better for you
  • Reasons to start planning your wealth transfer as early as possible
  • And more

Resources:

Connect With Centura Wealth Advisory:

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