Are you planning to sell your business, but don’t know where to start? MCM Wealth can help!
In this episode, Geoff Hakim, CEO of MCM Wealth, discusses the challenges business owners face when planning to sell their companies. He details MCM Wealth’s comprehensive exit strategy program, which includes a team of specialty partners to guide owners through the sale process, from discovery to deal documentation. The program also addresses tax mitigation and offers CEO coaching. Geoff highlights the importance of early estate planning and MCM Wealth’s turnkey approach which saves business owners time and stress in the sale process.
Geoff discusses:
What hurdles business owners face when selling their businesses
Components of MCM’s business exiting package
Difference between succession planning and exit planning
Importance of early estate planning
The selection process for experts in MCM’s turnkey approach
When to plan to sell your business and how long to expect the sale process to take
Can we accurately predict the future? Today, we’re going to learn about forecasting follies.
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the importance and limitations of forecasting. He highlights the unpredictability of certain factors and the dangers of forecasters making declarative statements with unwarranted certainty. Kirk explains why we should approach forecasts with skepticism, consider the source and methodology, and focus on probabilities for efficient decision-making. He emphasizes the importance of planning and having contingencies in place to navigate the impact forecasts can have when they’re wrong.
Kirk discusses:
What forecasting is and why it’s important
The downsides and limitations of forecasting
Being wary of forecasters with ulterior motives
The role of probabilities in decision-making
Why we should and why we shouldn’t ignore forecasts
How to use forecasts effectively with caution and skepticism
Kirk provides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
Financial Security: The Main Thing of Finance, Part 2
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines picks up where he left off in the last episode about the main thing, financial security, and expands on it to include financial prosperity. He defines prosperity as thriving in life and being successful in various aspects, not just economically, and emphasizes that financial security allows individuals to take risks and meet their priorities. Kirk advises that in the face of financial insecurity, one should revisit their wealth plan and work with a financial advisor. He also stresses the importance of regularly reviewing and adjusting the wealth plan.
Kirk’s key takeaways:
What is prosperity and its relationship with financial security
How determination to make a difference can lead to resilience in the face of obstacles
Main traits and behaviors of a wealthy person with prosperity
How to adjust your wealth plan when problems arise, causing financial insecurity
Kirk provides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
Financial Security: The Main Thing of Finance, Part 1
What impact does financial security have on your life, and how can you achieve it?
Well, first we need to define it.
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, talks about the main thing, financial security. Kirk explains what financial security means, why it’s important to wealth planning, and highlights that it’s not just about wealth, but the freedom to focus on what’s important in life. He emphasizes the role of planning and self-discipline in achieving financial security and drops a hint of what’s to come in part 2!
Kirk goes over:
Why financial security is “the main thing” and what it means
What makes financial security difficult to achieve
What successfully obtaining financial security looks like
Why discipline and the ability to focus on your plan is the most important part in achieving financial security
How to get back on track and win the battle if you become derailed
What the pitfalls in focusing on financial security are
Kirk provides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
2023 is coming to an end and 2024 is right around the corner! How can we prepare ourselves, our financial plans and our investment portfolios for the upcoming year?
In this episode, Kirk Loury, Portfolio Strategist at MCM and Managing Member of Advisable Wealth Enginges, talks about the various documents we need to review in order to prepare for next year. He goes over what the wealth, financial and investment plans are and explains their differences and how they work together. Kirk then dives into the top 5 priorities to focus on to actually get ready for the upcoming year by staying informed and educated about our investments and finances.
Kirk discusses:
What documents we need to review to prepare for the upcoming year
What a wealth plan, financial plan, and investment plan are, and how they’re different
How wealth, financial, and investment plans work together
What our top 5 priorities should be to prepare for the upcoming year
Kirkprovides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
What does the process of selling your business look like?
In this episode, Jim Casino, founder and CEO of C-Suite Advisors talks about the process of selling a business and the importance of having realistic expectations. He discusses the need for clean financials and why every business owner needs to assemble a strong advisory team of service providers such as investment bankers, brokers, M&A attorneys, and CPAs.
Discover what it takes to sell your business as Jim details:
Why business owners hire C-Suite Advisors to help with selling their business
The type of professionals business owners may need to lean on during the sale
The differences between selling to management versus selling to an outside firm
What internal resources are necessary to be on the deal team
What pushes deals across the finish line to closing
Jim Cascino founded C-Suite Advisors because he’s passionate about business, and finds great joy in helping CEOs, senior executives, and their companies achieve full potential. He helps leaders focus on what’s most important, make better, faster decisions, and accelerate their growth. He has decades of personal experience in the C-suite to draw upon, which allows him to deliver superior advisory and guidance to driven, high-powered CEOs. Over the course of his successful career, Jim has been the CEO of 10 private and public companies, and three non-profits. Additionally, he has been President of a management consultancy specializing in turnarounds and crisis management. He has served as Chairman or Director on 12 boards and had committee leadership in Executive, Governance, Finance, Long Range Planning, Compensation, and Merger and Acquisition committees. He has also driven and participated in 15 M&A transactions (6 Buy/9 Sell). Jim’s leadership style is positive, strategic, Socratic, and results-oriented. He takes pride in helping leaders find success, regardless of the challenges they face. When it comes to give-back and other interests, Jim is an active mentor to high-tech and life science start-ups through the Arizona Commerce Authority, has worked with orphans in Africa helping create sustainable support systems, led a global medical non-profit, fundraised professionally for a White House peace initiative, and continues to work in animal rescue. He is additionally a winning competitive sailor and served as Commodore of St. Francis Yacht Club.
Preparing for Changes in Estate Tax Laws with Jerry Vanderzanden, CLU, ChFC
Are you prepared for the ticking time bomb of estate tax laws?
In this episode, Jerry Vanderzanden, CLU, ChFC, delves into his expertise in insurance planning and discusses how insurance specialists can contribute to advanced planning areas such as estate planning. He shares his advice on how investors can prepare for the upcoming changes in estate tax laws in 2026 and the importance of reevaluating estate plans to understand the implications of those potential changes.
Jerry discusses:
Why he specializes in insurance and what he can do for financial advisors and their clients
How insurance specialists get involved in advanced planning areas like estate planning
What the estate planning cliff is
How investors can prepare for the sunsetting estate tax laws in 2026
Jerry Vanderzanden, CLU, ChFC is an insurance planning specialist. Prior to resuming his professional insurance solutions and consulting activities, he held executive roles at major insurance companies and senior leadership roles at a broker-dealer, a general agency, and a national insurance marketing organization covering a wide range of areas such as insurance, distribution, product management, and advanced planning.
Second Opinions: The Key to Financial Confidence with Robert Hoyt and Kirk Loury
Do financial markets and daily news headlines make you anxious?
Do you think your portfolio and investments may be off-track?
It’s time to get a second opinion!
In this episode, Robert Hoyt, Ph.D., Principal and President of MCM Wealth, and Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, discuss the role of portfolio second opinions in building financial confidence.
Listen as they touch on:
The psychological factors behind seeking a second opinion in finance
Why investments should align with one’s goals and values
The role of technology in the analysis, monitoring, and fine-tuning of investment plans
How MCM Wealth’s second opinion discovery process works
Robert Hoyt, Ph.D., is the Principal and President of MCM Wealth and chairs the Investment Committees for both MCM Wealth and the AMP I Fund. Dr. Hoyt began his career practicing clinical psychology while serving as an Adjunct Professor at Mount Sinai Medical School. He then worked within his family’s industrial distribution business, eventually becoming CEO and ultimately taking his business public. He became CIO of his own family office in 2000. In 2004, he also became a partner and a member of the Investment Committee of a hedge fund that made private placements in public securities (PIPES). Ten years later, he founded Blue Hall Wealth Advisors. And in 2021, after years of sharing ideas and collaborating on projects with Geoffrey Hakim, he joined Marin Capital Management. Robert received his B.A. from Sarah Lawrence College, a master’s degree from Northwestern University, and a Ph.D. in clinical psychology from Yeshiva University.
About Kirk Loury:
Kirkprovides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
The Benefits and Risks of Artificial Intelligence in Investing with Kirk Loury
The rise of artificial intelligence (AI) has disrupted many industries. But what role does it play in the world of finance? Can AI revolutionize investing?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines explores AI’s origins and advancement, its application in daily life, and the potential risks involved. He also offers his personal perspective on how AI might impact the financial services industry.
Kirk discusses:
A brief overview of what AI is and how it works
Why leaders in AI are firm advocates of regulation and protection against the negative aspects of AI
A real-world example of “AI hallucinations”
The potential benefits of AI in the legal and investment professions
Kirk Loury provides integration between MCM’s marketing, investment strategies, and implementation. He is also co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has a particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
Direct Indexing: Unlock Customization and Efficiency in Your Portfolio with Kirk Loury
Indexing can be complicated, but using direct and passive indexing strategies can help you achieve your financial goals.
In this episode, Kirk Loury, Portfolio Strategist at MCM and managing member of Advisable Wealth Engines, talks about direct indexing. He goes over the concept of indexing, the advantages of index investing, and the role of technology in managing portfolios. Kirk explains how passive investing eliminates human error and emotions, offering diversification and eliminating underperformance risk, and explores how index investing can align your investments with your wealth plan.
Kirk discusses:
What is indexing and how important it is for portfolios
The characteristics of an investment in an index
The biggest advantage and disadvantages of index investing
Why fees are so important when thinking about index investing
What direct indexing is
How an investment theme is defined and how it relates to an investor’s wealth plan
How direct indexing relates to active portfolio management
Kirk Loury provides integration between MCM’s marketing, investment strategies, and implementation. He is also co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has a particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.
