Tag: High Net Worth
Navigating Post-Election Exemption Planning

Navigating Post-Election Exemption Planning

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Are you prepared for the changes on the horizon with estate tax exemptions? 

Let’s discover how to plan and preserve your wealth strategically!

Join host Bryan Schick as he dives deep into post-election exemption planning with Dan Stolfa, a Senior Wealth Advisor and trust and estates attorney at Centura Wealth Advisory. Together, they unravel the complexities of the current transfer tax system and explore the potential impacts of upcoming changes to estate tax exemptions.

Key discussion points include:

  • Understanding the current federal estate tax exemption and its impending reduction [00:03:05]
  • The concept of portability and its significance in estate planning [00:05:42]
  • Legislative uncertainties and the risks tied to postponing estate planning actions [00:07:15]
  • Strategies tailored for different tiers of net worth to optimize exemptions [00:14:57]
  • And more!

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About Our Team:

Bryan Schick joined Centura in July of 2024 as a Vice President of Insurance & Strategy. A background in accounting and mergers and acquisitions led Bryan to a career in the financial services industry. Prior to joining Centura, Bryan held senior leadership roles in large life insurance distribution groups as well as life insurance companies. Using his knowledge of the drivers in both the finance and insurance sectors, along with my deep experience in risk analysis, design structure and relationship management, he creates planning solutions for families while ensuring alignment between all the parties involved.

Dan Stolfa joined Centura Wealth Advisory in October 2024 as a Senior Wealth Advisor. With a background in law and accounting, Dan transitioned into the financial services industry 20 years ago, building a distinguished career working with families, business owners, executives, foundation leaders, board members, interim CFOs, trust fiduciaries, EOS Implementers, and high-net-worth individuals nationwide. He specializes in identifying and implementing solutions for financial planning, succession planning, and wealth management needs.
A Better Way to Manage Your Wealth (Ep. 104)

A Better Way to Manage Your Wealth (Ep. 104)

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How can high-net-worth families and business owners protect their wealth and maximize tax efficiency in today’s volatile markets?

This week on Live Life Liberated, Sean Clark, Partner at Centura Wealth Advisory, and Chris Osmond, Chief Investment Officer, unpack the impactful power of direct indexing. This personalized approach combines tax loss harvesting and tailored portfolios to deliver tax alpha, potentially adding 0.5%–2% annually to your returns.

Tune in as Sean and Chris explore how direct indexing could optimize taxable accounts, prepare you for significant liquidity events, and manage concentrated stock positions—all while aligning your portfolio with your unique values.

Talking points include:

  • How direct indexing allows you to own individual stocks that replicate an index, offering greater flexibility and tax optimization through Separately Managed Accounts (SMAs)
  • How tax alpha is created by leveraging tax loss harvesting to offset gains and income, particularly in volatile markets, adding a potential of 0.5%–2% annually to your portfolio returns
  • Why personalized portfolios can align with your values (e.g., excluding specific industries) while tailoring exposures to fit your unique financial goals
  • The best use cases for direct indexing include maximizing tax benefits in taxable accounts, preparing for liquidity events, and managing concentrated stock positions for executives
  • Why Centura Wealth Advisory partnered with Aperio, a BlackRock-backed leader, to provide institutional-grade customization, monthly tax harvesting, and cutting-edge algorithms
  • How direct indexing offers cost-efficiency, with fees comparable to ETFs (20 basis points), ensuring all added tax efficiency goes directly to you
  • And much more!

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How Trusts Can Protect Your Wealth (Ep. 103)

How Trusts Can Protect Your Wealth (Ep. 103)

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With tax laws on the brink of change, how can high-net-worth families not only protect their wealth but maximize their tax efficiency? 

This week on Live Life Liberated, Kyle Malmstrom, Managing Director at Centura Wealth Advisory, and Adam Buchwalter, Partner at Wilson Elser, deliver a powerful, must-hear breakdown of the critical differences between grantor and non-grantor trusts—and how each could be a key tool to elevate and optimize your estate plan.

Tune in as they explore the potential impact of upcoming legislation on grantor trusts, revealing why right now is the perfect moment to take action and lock in benefits before it’s too late. 

Talking points include:

  • The difference between grantor trusts, where the grantor pays the taxes, and non-grantor trusts, which file their own returns and face higher tax rates
  • How grantor trusts help assets grow tax-efficiently, and how non-grantor trusts can lower state income taxes by being set up in low-tax states like Nevada or Delaware
  • Why proposed laws, like Senator Warren’s bill, could change the benefits of grantor trusts—and why it’s critical to act quickly
  • How states like New York and California tax trusts differently, and strategies to avoid high state taxes with proper trust planning
  • Why working with professionals is key to navigating the complex rules and keeping your wealth safe for the future
  • And much more!

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Working With Centura: Candid Feedback From Our Client Charlie Neer (Ep. 97)

Working With Centura: Candid Feedback From Our Client Charlie Neer (Ep. 97)

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Coming from a humble background, Charlie Neer experienced financial turmoil early in his life. 

But over the years, he has found success in multiple senior executive positions at various organizations — currently as Chief Revenue Officer (US) at MiQ.

Two years ago, Charlie became a client of Centura Wealth Advisory (Centura).

In this episode, Centura’s Managing Director Derek Myron interviews Charlie, who candidly shares his client experience, pivotal moments during the journey, and how his wealth management has become better aligned with his purpose.

Derek and Charlie discuss:

  • What prompted Charlie to finally seek professional financial guidance
  • Centura’s comprehensive Liberated Wealth® process
  • How Centura helps coordinate all aspects of wealth management (investments, estate planning, tax planning, etc.)
  • Charlie’s advice to other high-net-worth individuals
  • And more

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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.
Understanding Alternative Investments: Why You Should Look Beyond Stocks and Bonds (Ep. 95)

Understanding Alternative Investments: Why You Should Look Beyond Stocks and Bonds (Ep. 95)

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Alternative investments may offer significant opportunities for superior risk-adjusted returns and portfolio diversification.

Yet, many investors find their portfolios thin of these investments.

In this episode, Centura Wealth Advisory’s Chief Investment Officer, Chris Osmond, CFA, CAIA®, CFP®, talks about the world of alternative investments and their critical role in a high-net-worth portfolio. Tune in and learn how Centura Wealth Advisory (Centura) approaches alternatives based on its overarching investment philosophy.

Chris discusses:

  • Understanding the role of alternative asset classes in a diversified portfolio
  • The “core-satellite” strategy to navigate alternative investments in a risk-controlled manner
  • Centura’s comprehensive due diligence process
  • Where Centura adds significant value compared to competitors
  • And more

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Our Proprietary Liberated Wealth® Process for Ultra-High-Net-Worth Clients (Ep. 93)

Our Proprietary Liberated Wealth® Process for Ultra-High-Net-Worth Clients (Ep. 93)

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Are you ready to dive into the world of proactive and comprehensive wealth management designed to help ultra-high-net-worth individuals achieve exponential results?

In this episode, Sean Clark speaks with Derek Myron, founder, CEO, and managing director of Centura Wealth Advisory (Centura), about the innovative Liberated Wealth® process. Discover the five-step journey Centura’s clients embark on, from uncovering their goals to designing personalized strategies, implementing solutions, and ongoing stewardship to ensure continued success.

Sean and Derek discuss:

  • Sophisticated planning for founder-led business owners and C-level executives
  • Differentiating “above-the-line” planning for exponential results
  • The importance of ongoing stewardship and annual review processes
  • How Centura delivers a white glove treatment at every step
  • Centura’s collaborative approach and referral system for advisors and other professionals
  • And more

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How Can High-Income Business Owners Supercharge Their Retirement Savings? (Ep. 92)

How Can High-Income Business Owners Supercharge Their Retirement Savings? (Ep. 92)

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Business owners with a lot of surplus cash flow often want to put it away in a qualified plan and defer taxes. The problem is that they might feel restricted by the contribution limits.

However, there is a way to set up a qualified plan and potentially contribute millions of dollars.

To learn more about this strategy, join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, as they explain how to design such qualified plans, the types of businesses they are suited for, and any caveats to look out for.

Sean and Chris discuss:

  • The difference between defined contribution and defined benefit plans
  • A brief overview of how contribution limits are determined
  • How the plan works from setup to maintenance to termination (especially when a business is sold)
  • How to defer more money than conventional retirement savings plans (e.g., 401k, SEP IRA, etc)
  • The benefits of integrating life insurance into your qualified plan
  • And more

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Effective Use Cases of Life Insurance for Wealth Transfer, Tax Planning, and More (Ep. 91)

Effective Use Cases of Life Insurance for Wealth Transfer, Tax Planning, and More (Ep. 91)

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Life insurance is often only viewed as a way to get a death benefit.

But if you look beyond its conventional definition, you’ll see how life insurance has several use cases in tax planning, wealth transfer, and as an alternative investment!

Join Centura Wealth Advisory’s Sean Clark, Wealth Advisor, and Christopher Hyman, Director of Insurance Solutions, for an enlightening conversation about the role of life insurance in comprehensive wealth management — especially for high-net-worth individuals.

Sean and Chris discuss:

  • How life insurance provides the much-needed liquidity to pay off estate taxes
  • Life insurance as an alternative asset class
  • Four tax advantages of life insurance
  • How business owners can effectively utilize insurance in risk management, exit planning, and other scenarios
  • A rapid-fire Q&A session about insurance
  • And more

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Tax Countdown: Planning for the Expiration of the TCJA (Ep. 90)

Tax Countdown: Planning for the Expiration of the TCJA (Ep. 90)

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In 2017, the Tax Cuts and Jobs Act (TCJA) introduced some significant changes to tax laws, both on the income and estate side.

Now, as we approach its expiration on December 31st, 2025, it is important to plan for the looming tax changes!

Join our senior wealth advisors Matt Griffith, CFP®, and Roby Kotcamp, CFP®, as they unpack the potential tax changes and their implications for high-net-worth individuals and business owners.

Matt and Roby discuss:

  • How income tax rates and deductions might be affected
  • Expected changes in the lifetime exemption for estate and gift tax
  • Strategies that may help you take maximum advantage of the prevailing tax laws
  • Why you should act now instead of waiting until 2025
  • And more

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How to Plan for the Looming Estate Tax Issue (Ep. 89)

How to Plan for the Looming Estate Tax Issue (Ep. 89)

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The once-generous estate and gift tax exemptions set by the Tax Cuts and Jobs Act (TCJA) are due to sunset on December 31, 2025.

Is your estate plan ready for the challenge?

In this episode, Kyle Malmstrom, Managing Director, and Christopher Hyman, Director of Insurance Solutions, refer to strategies to reduce the estate tax liability that may significantly increase for many high-net-worth families after the TCJA expires.

Kyle and Chris discuss:

  • A brief overview of how exemption limits have changed over the years
  • The importance of creating liquidity well before the transfer of estate (especially for business and real estate owners)
  • Tax and liquidity benefits of an irrevocable life insurance trust (ILIT)
  • Why you should seek expert guidance in estate planning and structuring any trusts
  • And more

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