Capital Club

Billy Keels is the founder of First Generation Capital Partners. He grew up knowing nothing about investing and challenged himself to learn everything. Today, Billy is an international real estate entrepreneur, problem-solver, author, coach, public speaker, and mentor. He sees opportunities where others often don’t in real estate. In this episode, Billy shares how traveling has opened his mind to different cultures. He shares how curiosity and being empathetic are the biggest traits a leader should have, which ultimately will lead to financial freedom. Tune in for inspiration and insight into making the most out of your time and resources! [00:01 - 13:35] From Corporate to Financial FreedomBeing able to give back and being able to move forward Billy shares how traveling has impacted his career and his viewpoint on leadershipThe growth necessary to be able to live abroad[13:36 - 28:48] Multiple Cultural PerspectivesHaving a curious mentality and a beginner mindset is a way to challenge yourselfLearning the importance of relationships and sales while traveling It’s not about the financial rewards, but taking control of your time [28:49 - 35:12] A Different Kind of LeadershipBilly shares the transition he has experienced from corporate to financial freedomDeepening your relationships with your clients and setting boundaries within your businessInvesting in hard assets in energy space to increase access to capital and create consistent returns[41:39 - 46:03] Closing SegmentBringing peace through having a daily routineQuotes:“When you can guide a client, are inquisitive about what their challenge is, and help them make an informed decision, that’s when you become a valuable individual.” - Billy Keels“Those that can make the biggest impact are usually the ones that ask the questions that are basic, direct, and impactful.” - Billy Keels Connect with Billy:Email: billy@firstgencp.comWebsite: https://www.firstgencp.com/ LinkedIn: https://www.linkedin.com/in/billykeels/ Instagram: https://www.instagram.com/billykeels/ Twitter: https://twitter.com/billykeels YouTube: https://www.youtube.com/c/KeePonCashflow   Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Dr. Henry Kim is a professor at the Schulich School of Business, York University, Canada, and the head of Blockchain.Lab at York. He is also the principal investigator of the Digital Currencies project, a research collaboration between York, the Bank of Canada, and other financial institutions and fintech companies. Tune in to learn more about the current state of Bitcoin! [00:01 - 05:54] Bitcoin, Blockchain, and Enterprise BlockchainsHow Dr. Henry got into Bitcoin and Blockchain technology [05:55 - 19:17] A Solution Seeking A ProblemHolding physical gold versus holding digital goldThe investing trend in the market is driven by low-interest rates and will continue until central banks start raising rates againExploring how digital currencies can be used in the developing world to circumvent bureaucracy and inflation. [19:18 - 35:52] Interoperability and International StandardsCentral bank digital currencies create a catalyst to create value within the private crypto spaceIs cryptocurrency a massive Ponzi scheme? [35:53 - 41:24] Closing SegmentThe highest and lowest risk reward in this space Quotes:“Money is an essential part of what governments do, and we need to make sure that we have control over that.” - Henry Kim “If gold is a store of value, Bitcoin is a story of value.” - Henry Kim Connect with Dr. Henry:Email: hkim@schulich.yorku.ca  Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!  Hosted on Acast. See acast.com/privacy for more information.

Michael Brandt is co-founder and CEO of H.V.M.N. He's an avid triathlete and marathoner. Before starting H.V.M.N., he received his BS in Computer Science & Design at Stanford, was a Product Manager at Google, and Adjunct Professor at the Academy of Art in SF. He has always been a leader, and lifelong student, of designing products around new technologies and emerging needs. Key Highlights: [00:01 - 16:55] The Science Behind KetoneKetone is nature’s super fuel without sugar and caffeineDirect-to-consumer and e-commerce strategyGetting funding from a top-tier firm by having a big-hairy-audacious goalFund-raising shouldn’t be hard [16:56 - 36:39] Nutritional PrimitiveMichael shares what Nutritional Primitive means and the difference Ketone makes Hacking into big growth and big market capitalizationMichael shares his leadership style within the company and his personal fitness preferenceThe importance of having honesty and clarity in hiring [36:40 - 39:10] Closing SegmentHow running serves as Michael’s daily practice that gives him peaceSee the links below to connect with Michael Quotes: “If your goal is to get funding from a top-tier firm, you have to have something that stands apart…it has to be a big-hairy-audacious goal.” - Michael Brandt “First does not mean best; it doesn’t mean you own the market.” - Michael Brandt Connect with Michael:Email: michael@hvmn.comLinkedIn: /in/mdbrandt/Website: https://hvmn.com (Use code EXCELSIORCAPITAL FOR 20% off your order!) Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!  Hosted on Acast. See acast.com/privacy for more information.

Edmund Leow is a senior partner in Dentons Rodyk’s Corporate practice group and Head of the Tax practice. He is also Co-Head of the Trust, Estates & Wealth Preservation/Family Office practice. He has three decades of experience in advising multinational organizations on cross-border tax planning, transfer pricing, and tax disputes. He also advises on international trade issues such as customs, WTO, and free-trade agreements.[00:07 - 07:14] Opening SegmentSingapore is a key financial center in Asia and has been attracting entrepreneurs and family offices for yearsSingapore’s government has made efforts to attract capital and enhance tax incentives to keep families in the countryThere are several reasons why people are moving to Singapore [07:15 - 18:59 From Tax Haven to Safe Haven: Tightening Tax Exemptions for Family OfficesTraditionally, a tax haven was a place that offered secrecy, convenience, and tax savingsThere is a fine balance to be struck when it comes to the regulation of the crypto industryThe government is keen to promote the fund management industryIncentives were originally targeted at hedge funds, PE funds, and venture funds[19:00 - 29:31] Aligning Singapore's Migration to the StateThe number of family offices in Singapore has doubled since 2019Part of the job of a family office in Singapore is to advise patriarchs on how to set up a governance structureThere has been a lot of activity in the local family office culture during Covid, but it's still limited because people can't travelSingapore has benefited from managing the covid pandemic relatively well, and its reputation has grown globally[29:32 - 32:54] Closing SegmentEdmund shares about his love for traveling Connect with Edmund on the links belowQuote/s:"What has happened in the last 10-20 years is that the world has become more and more transparent. And in many countries even traditional tax savings are now under pressure to open up essentially and become transparent.” - Edmund LeowConnect with EdmundLinedIn: https://www.linkedin.com/in/edmund-leow-sc-4a8a5022a/?trk=public_profile_browsemap&originalSubdomain=sg Email: edmund.leow@dentons.comConnect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Andy Sathe is a Shareholder at MCF Advisors (a boutique Registered Investment Advisor with offices in Greater Cincinnati, Lexington and Louisville) where he serves as an advisor to business owners and clients who tend to prefer long-term relationships and thoughtful decision-making.In this episode, Andy shares about the differences between a broker dealer, registered investment advisor (RIA), and trust company, and how each model evolved. Andy stresses that the fundamental question for clients should be what problem do they want to solve, not who they want to work with. The fee structure, business model, and incentives of a particular The RIA industry has seen a tremendous amount of consolidation in the last ten years, with private equity firms buying up firms in the space. This has been good for some, as economies of scale are gained, but it can also create issues, such as the loss of personal touch and succession planning. While the proliferation of RIA's is great for clients, it can be confusing for advisors who may not be used to working with so many different firms.Listen in!Key Highlights: [00:01 - 06:16] How Registered Investment Advisors Offer Clients More ChoicesRegistered investment advisors (RIAs) offer clients holistic, integrated investment management servicesThe RIA model evolved in the 1980s and 1990s to address the growing demand for personalized serviceThe incentives of a RIA should be the driver of decision making[06:17 - 18:00] RIAs Advise Clients on the Pros and Cons of Private EquityWhy there are people who approach us who are really interested in running their own transactionWhy private equity is entering the retirement account space, but clients may not be happy with the experiencePrivate equity owners are looking for ways to save costs and increase profits, which could disrupt funds within the industryClients should ask their wealth manager about their ownership structure and capitalization, as any question could be on the table during a transaction[15:44 - 22:21] Real Estate Sponsors Remain Stable Amidst UncertaintyThere has been an increase in 1031 investors, a reduction in retirement account investment, and a decrease in purchase price from early in the yearThe market is challenging and the value proposition for sponsors is harder to prove outThe Fed wants rates to increase slower but terminal value will be higher than anticipated earlier[22:22 - 31:51] Alternative Investments: A Guide to Keeping Clients Safe in a Volatile MarketThere is a lot of volatility in the stock and bond markets, which is keeping many people up at nightThere is a general feeling of angst among investors in the current market conditions, with many questioning why this downturn is happening and how long it will lastAll we can do is reinforce the plan that has contemplate situations like this.[31:52 - 34:38] How to Profit from Market VolatilityThere is a lot of change happening in the wealth management industry, with millennials becoming more involved in holistic planningThere is a shift from baby boomer to millennial planning, with robo advisors becoming more prevalentThere are opportunities for businesses to come in and automate parts of their planning process, bringing peace of mind to clients[34:39 - 36:55] Closing Segment Key Quotes: “There's a ton of cost savings available to you at the private equity owner if you just put everybody on the same investment platform.” - Andy Sathe “There really aren't any dumb questions when you're talking to an advisor.“ - Andy SatheConnect with Andy:Linkedin:https://www.linkedin.com/in/andy-satheE-mail: asathe@mcfadvisors.comConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Jarrod joined Excelsior in June 2019 after spending five years in Public Accounting. He oversees financial matters (including budgeting, forecasting, and tax) as well as Marketing, Human Resources, and Investor Relations. Prior to joining the company, Jarrod was a Tax Manager at KraftCPAs in Nashville, TN focusing on medium-sized companies in a wide range of industries. He was also the Finance Director for the Susan G. Komen Race for a Cure of Middle Tennessee from 2017 to 2019.Jarrod began his career at BDO in a similar capacity and is a Certified Public Accountant in the state of Tennessee. He received both his B.S. and Master’s in Accounting from the University of Mississippi.In this episode, Jarrod shares about what has happened in 2022 and what we can learn from this year’s real estate investment space.Listen in!Key Highlights: [00:01 - 06:39] How has Excelsior grown? Jared Arnold shares that he is the COO of Excelsior Capital and has been with the company for three and a half yearsExcelsior has grown exponentially in the last year, acquiring 36 million dollars in equity capital and 25 propertiesHow Excelsior was able to capitalize on positive investor sentiment and opportunities in the market to make acquisitions[06:40 - 15:43] The Current Situation in a Strategic Partnership PerspectiveHow every acquisition they made has some sort of ten thirty one aspectWhy things will be more challenging in the lender and equity side in the marketHow they tried to up their game in the podcast space[15:44 - 22:21] Real Estate Sponsors Remain Stable Amidst UncertaintyThere has been an increase in 1031 investors, a reduction in retirement account investment, and a decrease in purchase price from early in the yearThe market is challenging and the value proposition for sponsors is harder to prove outThe Fed wants rates to increase slower but terminal value will be higher than anticipated earlier[22:22 - 31:30] 72 Million in Capital Raised in 2 Years, No Employees Have Left the FirmThe firm's successes and challenges over the past two years, including their ability to keep clients and employees happy.The biggest challenge for the firm in 2022 is managing the influx of new assetsThe market is challenging and the value proposition for sponsors is harder to prove out[31:31 - 47:51] The Growth of the EconomyHow the economy has grown dramatically, and international markets have grown even more dramaticallyThe United Nations, NATO, World Bank, and IMF have all functioned well in the past - but this is changing. A world where the US puts boots on the ground to do nation-building is goneThere is no political will to do this on either side of the aisle, and so investors need to recalibrate their thesis around these assumptions[47:51 - 51:24] Closing Segment Key Quotes: “Some assets are gonna have challenges, right? Especially if we do go into a proper recess. But the way that we conduct ourselves, I think will be a real testament to the firm.” - Jarrod Arnold “Communication, transparency, investor relations, reporting, the soft touch things that we do. We didn't sacrifice any of that just to get those deals done, which is a trap that I've fallen into before.“ - Jarrod ArnoldConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Brian discusses the potential for increased global risk and instability, as well as the potential effects on economies in developing countries. He also points out that the financial system is vulnerable to external factors and that military spending will increase as a result. He concludes by recommending that listeners join an affinity peer-to-peer network of industry professionals in order to gain access to exclusive investment opportunities.Listen in!Key Highlights: [00:01 - 08:51] What is De-Globalization? There is a big debate over whether or not the world is de-globalizingHow global competition drove down pricingWhy nobody takes Russia, Iran, and China seriously[08:52 - 10:45] The Current SituationHow the United States has lost power and leverage in the international community due to its inward focus and lack of engagement in global affairsHow this has led to declines in trade, investment, cross-border flows, and multinational share of global profitsThese trends are likely to continue for the foreseeable future.[10:46 - 12:22] The Emerging Risks of a World Without the USThe Clayton political risk increases the risk for investors globallyThe financial system is becoming more unstable, and military spending will increaseDeveloping countries will suffer the most from this trend[12:23 - 14:30] Closing Segment Key Quotes: “We were the ones who were protecting these sea lanes, and we did benefit in orderly more than other folks. I'm not saying that we didn't, and it did lift a huge number of people out of poverty. - Brian C. Adams “Nearshoring reshoring, an increase in domestic jobs is a very logical conclusion to take. And then just generally speaking, there'll be a rise in military spending as the world becomes more volatile and risky.“ - Brian C. AdamsConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Jamie McLaughlin is a management consultant focused on firms who serve the UHNW and family office client segments.Listen in!Key Highlights: [00:01 - 19:06] How Multi-Family Office Platforms Grow RapidlyJamie discusses about the overall market There is a category of multifamily offices called "commercial multi-family office," which refers to firms that have never had a first family but serve higher, larger familiesThese firms have grown tremendously in the past few years, and many are now seeking larger, more complex clients[19:07 - 23:59] What to ask when interviewing a multifamily officePrivate equity firms typically rotate capital within a business unit for five to eight years, and there is a misalignment of interest between the capital sponsor and employees or clientsThe traditional 10-year term is problematic, and how younger principles are considering their own transition to commercial multi-family officesInterest rates on debt financing are more expensive, and this may take a tail off the aggressive nature of multiples[24:00 - 43:19] Characteristics of Great RIAsThe four types of investment firms are: commercial banks, trust companies, RIAs, and brokerage firmsThe culture of a RIA is often that of a "militant fiduciary"Why sales is seen as a bad word in the RIA culture, and acquiring new clients is often a condition of staying in business[43:20 - 47:20] Closing Segment Key Quotes: “Debt is sometimes a means of the financing structure in some of these deals. Debt may be in fact used by the firm, not in the deal itself, but in their capital structure.” - Jamie McLaughlin “It doesn't make any sense to have a relationship price. You really lose money on that. So pricing discipline is critical.“ - Jamie McLaughlinConnect with Jamie:LinkedIn: https://www.linkedin.com/in/jameshmclaughlinWebsite: www.jhmclaughlin.comConnect with me on LinkedIn! Hosted on Acast. See acast.com/privacy for more information.

Andy Busser is the President of Family Office at Pitcairn, a 100 year-old family office serving more than 100 families around the United States. Andy has been working with wealthy families as a management consultant, private equity investor, and family office executive for more than 20 years and brings a broad range of perspectives to America's leading families of wealth.Listen in!Key Highlights: [00:01 - 12:51] Conflict in Families: How to Manage ItAndy discusses the different types of family conflict and how to manage themHow conflict is inherent within families and can be exacerbated by wrathBest practices for managing conflict, including pre-planning, finding a sounding board, and staying calm[12:52 - 18:04] Tips for Preventing Family ConflictWhy the best practice for family conflict resolution is to have a mix of internal and external expertsHaving a third party help, such as a therapist or psychologist, can be hugely helpfulWhy it is important to find common ground with ancestors in order to create a vision for the future of the family[18:05 - 30:09] Choosing the Right Family Office PlatformHaving a third party help, such as a therapist or psychologist, can be hugely helpfulThe number one issue families face is succession planningWhy kids need opportunities to engage in responsibility, such as through a family council or committee[30:10 - 31:30] Closing Segment Key Quotes: “The best thing you can do is prepare yourself and… Write down what the issues are and don't be afraid to write them down two or three times.” - Andy Busser  “Start with yourself and just look inward and ask yourself, what might I be doing that contributes to the conflict?“ - Andy Busser Connect with Andy:LinkedIn: https://www.linkedin.com/in/abusser/Website: www.pitcairn.comConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Amanda Falkson has been in practice as a Wealth Counselor with HNWIs in the UK and internationally for two decades. She works with the internal challenges that being a wealth-holder brings and her clients describe her as a trusted confidante in their personal lives. Listen in! Key Highlights: [00:01 - 12:38] What Wealth Counseling isIt's the personal interface between the individual and their wealth Why it’s important being able to take a chunk out of the person who  can be around the issue of wealthWhy there will be a surrounding of advisors where there's a transfer of wealth [12:54 - 19:46] What are the Common ThreadsWhy inheritance, intergenerational wealth transfer and people selling business is a common threadAmanda’s basic tenet: Meaning, Purpose, and Structure Why we need to be multidimensional [20:23 - 37:46] Working With Helping SomeoneWhy wealth doesn’t define youWhy it takes a lot of soul searching about what you want to doWhy always remaining in your integrity is essential [37:47 - 39:05] Closing Segment  Key Quotes: “Where there's a transfer of wealth. There will be a surrounding of advisors.” - Amanda Falkson “The saddest person in town can be the person who's just sold their business for a huge amount of money.“ - Amanda Falkson    Connect with Amanda:LinkedIn: https://www.linkedin.com/in/amanda-falkson-1045442/?originalSubdomain=ukWebsite: www.psychotherapycity.co.uk   Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.