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AFO|Wealth Management Forward

AFO|Wealth Management Forward

By For Entrepreneurs, Financial Advisors & Accountants

This podcast is for Accountants and CPAs who are looking to grow their service offerings and capitalize on their clients. We unlock the secrets to success from subject matter experts to help people evolve both personally and professionally. Rob and Rory of Arrowroot Family Office bring on industry-leading experts to discuss how accounting firms and financial advisors can elevate their practice via the adoption of Holistic Wealth Management Services. Listen and learn about the latest developments in technology, the markets, finance, and accounting professions.
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Advice Engagement: Secure ACT 2.0, Tax & Financial Planning
Advice Engagement: Secure ACT 2.0, Tax & Financial Planning
Rory is joined by Ross Riskin CPA/PFS, Chief Learning Officer at the Investment & Wealth Institute and Founder of VisiWealth as they talk about advice engagement. Learn about SECURE ACT 2.0 and the changes to RMD's, college savings, and retirement planning. Discover why fear, confusion and anger are the three main emotions people have when dealing with taxes. Find out why Ross believes advisors should be doubling down on student loan planning. Do you want to know what 2 out of 3 survey participants sought advice for from a CPA? Do you want to know why visuals are so effective in communicating complex concepts? Find out the answer to these questions and more with Ross Riskin in this Advice Engagement episode!
38:49
February 01, 2023
Winning the Talent Battle
Winning the Talent Battle
Rory is joined by former Managing Partner at BDO, current executive leadership coach and CEO Sensei John J. Fenton to talk about culture and how to win the battle for talent. Listen as John talks about why people skills, more than ever, are important for today's leaders. Discover what John says about how firms can create a culture of accountability. Do you want know what separates a good accounting firm from a great one? Do you want to know what John says are the top priorities for accounting firm leaders are in 2023? Find out the answer to these questions and more in this CEO Sensei podcast with Leadership Coach John Fenton!
34:28
January 25, 2023
Higher Prices, Higher Profits and High Value Clients
Higher Prices, Higher Profits and High Value Clients
Rory is joined by Loren Fogelmen of Business Success Solution to talk about how to increase your prices and present your value. Learn about Loren's 5 step process to shift your business away from the “dollars-per-hour” model to a value-based model that reduces workload by as much as 50% while doubling revenues. Find out about Loren's good, better, best pricing methodology and how to increase your prices by as much as 3x. Is Starbucks really in the meeting space business? Do you want to know why you should add surge pricing like ,Uber, FedEx and Amazon? Find out the answer to these questions and more with Business Success Coach Loren Fogelmen on this pricing and values based episode!
32:18
January 18, 2023
ChatGPT and AI Implications
ChatGPT and AI Implications
Rory is joined by guest co-host Seth Fineberg Accounting Editor and Business Journalist, as they talk with Ben and Peter Wen of Tallyfor about ChatGPT and AI. Discover what they say about the history of AI within the profession and how practitioners can utilize the latest AI developments to enhance their efficiency and client outcomes. They also discuss how platforms like ChatGPT will impact Google and other search engines in the marketplace. Find out what they say about AI and the 75 Million Boomers that will retire by 2031 along with over $5 Trillion in business assets. Do you want to know what a Stochastic Parrot is? Find out the answer to this and more on our AI in accounting podcast with Seth Fineberg and Founders of Tallyfor.
41:10
January 11, 2023
Kickoff 2023 & Best of 2022 - Part 2
Kickoff 2023 & Best of 2022 - Part 2
In part two of our year-end review, Rory Henry highlights the Best Insights and Inspiration from 2022. Listen to accounting and wealth management thought leaders talk about sentiment analysis, tax planning, behavioral finance, opportunity zones, AI, advising business owners and much more. Highlights of episodes from the following guests: Blake Oliver, CPA Oliver and Warren Pennington Head of Fintech Strategies at Vanguard - Sentiment Analysis Blake E. Christian, CPA/ MBT HCVT Top 25 Nationally Recognized OZ Influencer - Opportunity Zones Chris Stanley Beach Street Legal - SEC Marketing Rule Jackie Meyer, CPA, CCA, Doctoral Candidate - Tax Planning to Supercharge Your Business Dr. Moira Somers International Best Selling Author - Advice that Sticks Peter Wen Co-Founder Tallyfor - AI and Tax Technology Will Hill of Will Hill Consults - Leading Through Change Giles Pearson Co-Founder Accountests - Personality Profiles Deborah Daniel CPA - Forming Strategic Partnerships Twyla Verhelst, CPA Verhelst FreshBooks - Authenticity and Content Creation
26:03
January 03, 2023
The Best Insights & Inspiration From 2022
The Best Insights & Inspiration From 2022
In this year-end review, Rory highlights the Best Insights and Inspiration from 2022. Listen as you hear from accounting and wealth management thought leaders talk about everything from talent to tax loss harvesting to pricing and private equity. Get commentary from the following great guests: Tom Wheelwright CPA - Wealthability Boris Khentov – Betterment Randy Johnston – CPA Practice Advisor Geraldine Carter – Business Strategy for CPAs Aaron Klein – Riskalyze Bob Lewis - The Visionary Group Dr. Sean Stein Smith CPA - Forbes Crypto Contributor Amber Setter CPA – Conscious CPA Clayton Oates - QA Business Pty Ltd Sue Enquist & Dawn Brolin CPA Jonathan Hudacko - Vangaurd Randy Crabtree CPA - Tri-Merit Brendan Frazier - The Human Side of Money Hitendra Patil CPA - CPA Trendlines Amrith Ramkumar - The WSJ Rick Bookstaber - Fabric
40:04
December 28, 2022
Risk Aware - Recession, Deglobalization, Ukraine/Russia War, and FTX
Risk Aware - Recession, Deglobalization, Ukraine/Russia War, and FTX
Rory speaks with Rick Bookstaber, former Head of Risk at Morgan Stanley, Author of The End of Theory and A Demon of Our Own Design, and current Co-Founder of Fabric a platform for risk-aware portfolio design. In this episode, listen as Rick talks about his time at the SEC and U.S. Treasury as he tackled the risk management process and governance for the U.S. financial system post-2008. Find out how Rick is using institutional-level tools to help advisors be more risk aware and do a better job of portfolio design. Do you want to know what "Friendshoring" is? Do you want to know why a "Recession" is not the dominant issue for most individuals? Find out the answer to these questions and more in this RISK episode with Author and Risk Technology Founder, Rick Bookstaber.
43:08
December 20, 2022
Utilizing AI & Business Intelligence - CAS 2.0
Utilizing AI & Business Intelligence - CAS 2.0
In this episode, Rory speaks with Hitendra Patil, an Accounting Today Top 100 Influential Person and author of Client Accounting Services: The Definitive Success Guide. Hitendra discusses the history of CAS, how it has evolved to CAS 2.0, and how accountants are utilizing data intelligence to assist business owners in making better decisions. Discover why Hitendra believes CAS is a team game, and how firms can hire non accounting graduates and train them on processes and numbers. They discuss the network of network effects and why private equity is increasing it's involvement in the accounting space. Do you want to know why Miriam Webster should change the definition of "Accounting?" Do you want to know how accounting firms can think like the McKinsey's of the world? Find out the answer to these questions and more from the accounting professions leading voice on CAS.
34:33
December 13, 2022
CPA & Money Coaching - Advising Women & Forming Strategic Partnerships
CPA & Money Coaching - Advising Women & Forming Strategic Partnerships
Rory Henry is joined by Diane Young, Partner at Arrowroot Family Office, as they talk with Deborah Daniel about how she grew her CPA practice through strategic partnerships and money coaching. Listen as they discuss why the "P" in "CPA" should stand for psychologists and people's emotional contract with money. Listen as they discuss pain points for women clients and ways in which you can help female clients become more confident with money. Do you want the why 39% of women, compared to 54% of men, are confident in their retirement? Do you want to know why Deborah transformed her CPA Practice via strategic partnerships? Find out the answer to these questions and more with CPA and Money Mindset expert Deborah Daniel!
39:31
December 07, 2022
Tax Planning to Supercharge Your Business
Tax Planning to Supercharge Your Business
Rory Henry speaks with Jackie Meyer, Founder of Concierge Certified Accountant and TaxplanIQ to talk about how to supercharge your firm through tax planning. Listen as Jackie talks about helping firm owners save clients tens of thousands to hundreds of thousands of dollars through her tax planning solution. Discover why firms need to act like Gwyneth Paltrow and have a "Conscious Uncoupling" with clients. Learn why Jackie believes the greatest ROI for firms lies in tax planning and value-based pricing. Do you want to know the best way to break up with clients? Do you want to know what the top year-end tax planning strategies are for high-net-worth clients? Find out the answers to these questions and more on this episode with Tax Planning expert Jackie Meyer!
34:35
November 29, 2022
Taking the Capital Pain out of Capital Gains: Opportunity Zone Program
Taking the Capital Pain out of Capital Gains: Opportunity Zone Program
Rory and Rob speak with Nationally Recognized OZ program influencer Blake Christian of HCVT. Listen as Blake covers the basics of investing in Qualified Opportunity Zones ("QOZs"). Discover how the program allows for the deferral of tax on an existing capital gain, the potential for tax reduction on that gain, and how to earn tax-free appreciation on your Opportunity Zone gain. Find out how investors are "Twinning" by combining other tax incentive programs like Low-Income Housing Tax Credit (LIHTC) projects, New Market Tax Credit (NMTC) projects, and Historical Tax Credit (HTC) projects. Find out how to take the  capital pain out of capital gains in this podcast episode with Blake Christian, a leading Opportunity Zone voice.
36:38
November 22, 2022
CPA Spotlight: Leading Construction Contractor Firm & Drag Racing
CPA Spotlight: Leading Construction Contractor Firm & Drag Racing
Rory Henry talks with Carrie Bradshaw of CD Bradshaw and Associates about her firm's growth and how to focus on an industry-specific niche. Listen as Carrie talks about how she built her firm by serving the specialty niche of construction contractors e.g. HVAC, plumbers, and electricians. Learn how to overcome the fear of putting all your eggs in one basket when getting into a niche.  Discover how she uses vertical integration within her niche to provide a greater service offering to clients. Do you want to know how Carrie's love for cars and drag racing helps her better communicate with clients? Find out the answer to this question and more in this CPA Spotlight Episode with Carrie Bradshaw.
29:17
November 15, 2022
New SEC Marketing Rule - Could Matt Damon say "Fortune Favors the Diversified"
New SEC Marketing Rule - Could Matt Damon say "Fortune Favors the Diversified"
Rory speaks with Chris Stanley of Beach Street Legal to discuss the latest SEC-Marketing Rule. In this episode, they talk about how the SEC took the former cash solicitation and advertising rule and consolidated it into the new marketing rule. Discover how the new rule for the first time allows for testimonials and learn about the latest updates to performance advertising. Do you want to give your financial advisor a ringing endorsement? Are you interested in finding out how the new rule affects direct and indirect compensation? Find out the answer to these questions and more on this latest episode with attorney Chris Stanley.
24:41
November 08, 2022
David vs Goliath RIA M&A: $100 Million & $100 Billion Dollar Firms
David vs Goliath RIA M&A: $100 Million & $100 Billion Dollar Firms
Rory and Rob speak with Charles Paikert of Barron's Advisor and The Family Wealth Report about the latest RIA M&A activity. In this episode, Charles gives insight into the continued RIA activity in light of a looming recession. Listen as they discuss why Private Equity and the large consolidators love the RIA model of recurring revenue, low overhead, a fragmented market, strong cash flow, and high margins. Discover why the 2022 market decline is helping firms who are able to offer equity, allowing buyers to participate in the market rebound. Do you want to know what firms are doing to attract top talent? How are the David's of the world competing with the Goliath's? Find out the answer to these questions and more in this latest episode with longtime industry observer Charles Paikert! Charles Paikert LinkedIn: https://www.linkedin.com/in/charles-paikert-48965112
31:58
November 01, 2022
How to Screen, Score, and Secure Top Talent
How to Screen, Score, and Secure Top Talent
Rory Henry and Will Hill of Will Hill Consults talk with Giles Pearson of Accountests as they discuss ways to screen, score and secure top talent. Listen as Giles explains how firms are using Accountests to assess applicants' technical knowledge and critical reasoning skills. Discover ways to avoid bad hires that can be a drain monetarily and culturally. Giles discusses personality profiles and how you can utilize them to create a professional development plan. Do you want to know the key differences between a  Finder Grinder, or Minder? Do you want to know the competency that makes up a successful accountant? Find out the answer to these questions and more on this latest episode with Giles Pearson of Accountests. Use AFO50 for a 50% discount on a first purchased test if used in the next 3 months. Free Trail available on www.accountests.com
39:44
October 25, 2022
 Turn Client Data into Actionable Insights, Move from Compliance to Consulting
Turn Client Data into Actionable Insights, Move from Compliance to Consulting
Rory Henry and Will Hill of Will Hill Consults talk with Glenn Dunlap of Peerview data as they discuss how to use data to provide businesses with actionable insight. Listen as Glenn explains how firms are using Peerview to help businesses make more informed decisions by leveraging data from 1000's of companies. Learn tips on how to frame the advisory conversation with actionable data to help drive a companies growth. Get their thoughts on the E&Y company split and the future of advisory services in the profession. Are you a business that wants to know how you stack up financially in comparison to your peers? Are you a CPA looking to provide enhanced advisory services to clients? If so, you won't want to miss this episode with Glenn Dunlap from Peerview Data.
39:49
October 18, 2022
WSJ: Anti ESG Campaign, Inflation Reduction Act, & Billions in Clean Energy
WSJ: Anti ESG Campaign, Inflation Reduction Act, & Billions in Clean Energy
Rory is joined by Diane Young, Partner at Arrowroot Family Office, as they talk with Amrith Ramkumar of The Wall Street Journal about ESG backlash which is at odds with companies and investors. Listen as they talk about the clean energy provisions and tax incentives associated with the Inflation Reduction Act. Amrith discusses the Anti-ESG Chevron campaign by Vivek Ramaswamy to slow spending on its energy-transition plan. Are big energy companies investing more into clean energy? Do you want to know what the Anti-ESG movement is? Find out the answer to these questions and more on this podcast with Climate Finance Reporter Amrith Ramkumar from the Wall Street Journal.
34:51
October 11, 2022
Finding your Passion and Mental Health - Randy Crabtree
Finding your Passion and Mental Health - Randy Crabtree
Rory Henry and Will Hill talk with Randy Crabtree of Tri-Merit and Host of "The Unique CPA" Podcast about finding your passion and mental health. In this episode, Randy talks about his battle with mental health and how he is helping bring awareness by letting others know about his struggles. Listen as they talk about the powerful combination of visionaries, who have groundbreaking ideas, and their integrator partners who bring them to life. Find out what Randy says about Eisner Amber, Citrin Cooperman and Private Equity's increased involvement in accounting. They discuss the importance of a niche,  how to become an expert in a field and educating others to help drive business growth. Don't miss this episode with one of the accounting professions leading voice "The Unique CPA" Randy Crabtree.
35:17
October 04, 2022
Leading Cannabis CPA Firm - Niche, Outsource, and Virtual Practice Tips
Leading Cannabis CPA Firm - Niche, Outsource, and Virtual Practice Tips
Rory Henry and Will Hill talk with Derek Davis of Green Growth CPA as they discuss reasons to niche, outsource, and the benefits of a virtual practice. Listen as Derek explains the core tenets of building a great team and the 3 competing forces of a professional services organization: good client services, profitability for a company, and employee well-being. Learn how Derek built his Cannabis niche firm and how it evolved over time from doing just tax prep to providing more advisory services. Discover ways in which producing great content can lead to better trust and rapport with clients. Do you want to know ways in which you can create a better work-life balance? Do you want to know the 3 ways to identify a possible niche? Find out the answers to these questions and more in this Cannabis accounting podcast episode!
33:23
September 27, 2022
Human Side of Money - Build Trust and Connection with Clients
Human Side of Money - Build Trust and Connection with Clients
Rory and Mike Knittel of Arrowroot Family Office talk with Brendan Frazier, host of  "The Human Side of Money" podcast, to talk about behavioral finance. Discover why only 70% of clients implement less than 20% of our financial planning recommendations. Find out why more so than income, gender, age, and education, it was our view of our future self that drives our savings. Listen as they discuss the evolutionary drivers of long-term decision-making and how it effects our ability to save money. Do you want to know why a powerful question is a superpower? Is our relationship to money really formed in our childhood? Find out the answers to these questions and more on this Human Side of Money Podcast with one of the leading voices in Behavioral Finance.
51:25
September 20, 2022
Vanguard Personalized Indexing, ESG, and Tax Loss Harvesting
Vanguard Personalized Indexing, ESG, and Tax Loss Harvesting
Rory and Rob speak with Jonathan Hudacko, Principal Head of Personalized Indexing for Vanguard. In this episode, Jonathan talks about his journey in Silicon Valley, working for Apple, and how he built a Personalized Indexing technology that was eventually bought by Vanguard. Discover how you can help your clients gain tax alpha through tax loss harvesting that can be done on a daily basis. Learn how to utilize personalized indexing to build a portfolio of companies that reflect your values. Do you want to know how Personalized Indexing allows you to buy and sell stocks without violating the "Wash Sale Rule?" Find out the answer to this and more in this Vanguard Episode with Jonathan Hudacko.
34:06
September 13, 2022
Marketing, Technology, & Private Equity in Accounting
Marketing, Technology, & Private Equity in Accounting
Rory Henry and Will Hill talk with Dan Richards from MyFirmsApps and PracticeWin about marketing, technology, and private equity involvement in accounting. In this episode, Dan talks about Digital Transformation and the importance of being intentional when growing your firm. Listen as they discuss ways to better connect with the younger generation, with the average age of a business owner being 31 years old. Find ways to navigate technology, so you're not creating a "Frankenstein's Monster" of apps for your firm and clients. Is private equity going to disrupt the accounting profession? Find out the answer to this and more in this latest episode with one of the leading voices in Accounting!
34:10
September 06, 2022
Will Hill - Leading Through Change
Will Hill - Leading Through Change
Rory interviews Will Hill from Will Hill consults as he talks about change management, people, and processes. Discover ways to communicate change effectively through your company's mission and values. Learn tips on best practices to help guide you through the change management process. Find ways to communicate for the pain you are solving or the gain you are after so employees feel empowered. Will discusses ways in which you can identify opportunities, measure processes, and how to put an action plan in place. Is the definition of communication "Message Sent = Message Received?" Find out the answer to this question and more in our latest episode on Change Management with guest Will Hill!
38:36
August 30, 2022
Strategies for working with High Net Worth Clients
Strategies for working with High Net Worth Clients
Rob speaks with Mark Pierce of Wyoming LLC Attorney to discuss tax-efficient strategies and best practices when working with high-net-worth clients. Find out how asset protection and wealth preservation go hand in hand with a client's tax strategy. Listen as Rob and Mark discuss generational wealth transfers and how to work with complex family dynamics. Discover how you can utilize a family office team model of an attorney, accountant, and wealth manager to provide clients with greater peace of mind. Do you know why you shouldn't "Let the tax tail wag the dog"? Find the answer to this and more with Rob and Mark in this Generational Wealth episode.
38:45
August 23, 2022
Grow your business by Joining or Building an Accounting Community
Grow your business by Joining or Building an Accounting Community
Rory is joined by Richard Roppa-Roberts of Quasar Consulting and Roundtable Labs and Dave Kersting of Capovario to talk about community and the power of collaboration. Roundtable Labs members include accountants, CPAs, bookkeepers, EAs, and firm owners from over 40 states and 4 countries. Listen as they discuss how to leverage the knowledge and experience of a community to solve real business issues. Richard and Dave cover topics ranging from hiring and firing, onboarding, technology adoption, and how to best navigate an ever-changing business world. Find out how they created a community that takes competitors and makes them collaborators. Is there a community to help conquer "Imposter Syndrome"? Do you want to know how a community can help you hire ideal candidates? Find out the answer to these questions and more in this Community episode with Richard Roppa-Roberts and Dave Kersting!
46:34
August 16, 2022
Finite vs Infinite Game - How The Accounting Profession Can Think Like Apple
Finite vs Infinite Game - How The Accounting Profession Can Think Like Apple
Rory is joined by Diane Young, Partner at Arrowroot Family Office, as they talk with Clayton Oates about accounting, technology, and entrepreneurship. In this episode, Clayton talks about how accounting technology has progressed over the decades and how technology companies can better form relationships with clients. They discuss the Finite vs. Infinite game and how being an infinite game player is about an abundance mindset and continual improvement. Why do some partnerships and relationships last for a lifetime while others fall apart and end badly? How can you identify finite vs. infinite game players? Find out the answers to these questions and more in this episode with one of Accounting & Technology's leading voices.
45:39
August 09, 2022
Global Leader in Outsourced Accounting
Global Leader in Outsourced Accounting
Rory is joined by Will Hill of Will Hill Consults and Vipul Sheth of Advancetrack Outsourcing to talk about outsourcing, technology, and firm efficiency. Learn how firms can strengthen their staff, provide greater client outcomes and grow their practice through the implementation of outsourcing. Vipul discusses the advancements in technology over the last decade and the increased acceleration of outsourcing that's occurred due to the pandemic. Discover how firms attract, retain, and create more fulfilled employees by freeing up more time to work on higher-valued services. Check out this latest episode with one of the global leaders in Outsourced Accounting! 
35:50
August 02, 2022
 Conscious CPA - How to build up and not burn out employees
Conscious CPA - How to build up and not burn out employees
Rory Henry and Will Hill talk with Amber Setter of Counscious about coaching, leadership, and staff development. Discover why Amber believes coaching with empathy and building relationships is vital to leading in today's environment. Discover what "Brain Offload" means and how to engage clients in their decision-making by reaching their brain's emotive and sensory parts. Learn ways to actively listen and ask powerful questions to uncover solutions to problems that haven't existed before. Is our mental health crisis resulting in employers paying full-time wages for part-time contributions? Do you want to know the direct and indirect costs of replacing an employee? Find out the answers to these questions and more in this Conscious CPA episode!
42:30
July 26, 2022
7 Investments the Govt. Will Pay You to Make
7 Investments the Govt. Will Pay You to Make
Rory and Dan Casey of Arrowroot Family Office talk with Tom Wheelwright about his latest book: The Win-Win Wealth Strategy 7 Investments the Government Will Pay You to Make. Listen to ways the government incentivizes through tax benefits: Business Ownership, Real Estate, Energy, Technology, Agriculture, and Retirement Savings. Discover why real estate is a multi-dimensional asset class that offers both tax savings and wealth-generating capabilities. Tom breaks down the 4 categories of earners and approximately what they pay in tax: Wage Earners (40%), Self-Employed (60%), Big Business (20%), and Professional Investors (as little as 0%). Find out why the government grows the economy through incentivizing the balance sheet, not the income statement. Are the tax benefits of starting a business greater than the cost of starting one? Do you want to know how the govt. can help you buy a Ferrari, a boat, or a house? Find out the answer to these questions and more in this Tax Saving and Wealth Building episode!
37:39
July 18, 2022
 Executive Leadership, Culture, & John Wooden w/ Dawn Brolin & Sue Enquist
Executive Leadership, Culture, & John Wooden w/ Dawn Brolin & Sue Enquist
Rory is joined today by guest co-host Dawn Brolin “The Designated Motivator” from Powerful Accounting, as they interview Sue Enquist, Former Head Coach of UCLA Softball and 11-time National Champion, about executive leadership, culture, and softball! Sue talks about the influence of John Wooden and the Pyramid of Success, her work helping the USA Volleyball team win Gold, and how we can better lead the younger generation. Discover what a Failure Recovery System is and how it can help you deal with adversity. Do you want to find out how to create a colleague-driven culture? How to motivate performance-driven vs. relationship-driven employees? Find out the answer to these questions and more in this Motivating podcast episode!
01:05:11
July 12, 2022
SWAT Team Guide to Accounting
SWAT Team Guide to Accounting
Rory is joined by Will Hill of Will Hill Consults to talk with Ryan Conn of Shelton & Assoc. CPA and CS Business Consulting to talk about his SWAT Team experience and how he used it to build his firms culture. Learn about how Ryan uses his law enforcement background to structure teams and develop leaders. Find out the difference between creating capacity and creating space at your firm. Discover what Ryan says are his 28 metrics he is looking for when hiring a new staff member. Is Ryan's best employee someone he stole from Chick-fil-A? Is running a firm tougher than carrying a rifle, shield, and gas mask? Find out the answer to these question and more on this SWAT-inspired episode!
40:07
July 05, 2022
Personal and Professional Development
Personal and Professional Development
Rory is joined by Will Hill of Will Hill Consults to talk with Joey Drolshagen of IFGT Coaching and Consulting to talk about mindset. Find out why we act and react habitually, why we make the choices we make, and what causes us to either take action or sit on the sideline. Learn about Joey's subconscious mind training and how to achieve uncommon results through uncommon actions. Discover the secrets CEOs use to transform their companies, how to reframe past failures, and how to focus your attention to guide your intention. Do you want to know how subconscious mind training differs from The Law of Attraction, The Secret, and The 5 AM club? Find out the answer to this question and more on this Mindset Episode!
40:05
June 28, 2022
 Advisory, Community & Work-Life Balance - Twyla Verhelst
Advisory, Community & Work-Life Balance - Twyla Verhelst
Rory is joined by Will Hill of Will Hill Consults to talk with Twyla Verhelst, Head of Accountant Chanel at FreshBooks about advisory, community, and work-life balance.   Discover why Twyla believes "Intentionality" is so important and how firms can start thinking strategically about their future. She shares her thoughts on the profession having a "Reconciling Moment" and how firms can address issues such as embracing technology, changing up services, and staffing. Twyla talks about her Women in Accounting platform and how she is helping women through mentorship and community. How can firms move from being reactive to proactive? Do you want to know Twyla's definition of Advisory? Find out the answers to these questions and more in this latest episode.
52:56
June 20, 2022
Changing Firm Culture
Changing Firm Culture
Rory is joined by co-host Will Hill of Will Hill Consults as they talk with Glenn Harper and Julie Smith of Harper CPA Plus to talk about developing a firm culture. Learn about the importance of building a brand and internal culture that brings everyone together to achieve a common goal. Find out what Glen and Julie say sets them apart from most firms and why they seek out people who welcome change. Would you like to know how to deal with problem clients, better your internal processes, and improve recruitment? Find out the answers to these questions and more in this episode on firm culture! Connect on LinkedIn: Connect with Glenn Harper: https://www.linkedin.com/in/glenn-harper-1306738 Connect with Julie Smith: https://www.linkedin.com/in/julie-smith-331431151 Connect with Will Hill: https://www.linkedin.com/in/wghill/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Harper CPA Plus: Accounting Firms Columbus Ohio, CPA Services | Harper & Co (harpercpaplus.com) EmpowerCPA: https://empowercpa.io/ Will Hill Consults: https://willhillconsults.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
40:06
June 14, 2022
From Book to Tax and a Bridge to Wealth Management
From Book to Tax and a Bridge to Wealth Management
Rory is joined by Arrowroot Family Office Partner Mark McCarron and the Co-Founder and CEO of Tallyfor, Peter Wen. In this episode, Peter talks about the evolution of Cloud computing and how recent innovations in tax technology are finally starting to take hold. Find out how Tallyfor is cutting down the time it takes professionals to go from book to tax and how Peter converts data to streamline the tax planning process. Peter talks about the evolution of Web 1.0 and hyperlinks to Web 2.0 and API's to now Web 3.0, an environment that he says creates "Trust Everywhere." What is Tax Tech? In the world of excel, is one person's security blanket a firm's albatross?  Are we all going to be jobless and waited on by Robots? Find out the answers to these questions and more in this latest episode. Connect on LinkedIn: Connect with Peter Wen: https://www.linkedin.com/in/peterwen/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Connect with Mark McCarron: https://www.linkedin.com/in/mark-mccarron-cfp%C2%AE-enrolled-agent-a1036712/ Learn more about Tallyfor:https://tallyfor.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
36:07
June 07, 2022
How to become an Accountreprenuer
How to become an Accountreprenuer
Rory is joined by co-host Will Hill of Will Hill Consults as they talk with The President of Universal Accounting Center, Roger Knecht , about actionable steps  accountants can take to grow their business. In this episode, Roger talks about M.A.P. (Marketing/Sales, Accounting Services, Production) as way to breakdown pain points in growing your firm. Find out what Roger says about marketing and the benefits of being a resource for quality content through TOMA (Top of Mind Awareness). Listen to what Roger says about imposter syndrome and how practitioners can overcome their fear of advisory. Lastly, discover ways to increase your pricing, provide more value to clients, and ways to handle "Shiny Object Syndrome" when adopting new technology. Connect on LinkedIn: Connect with Roger Knecht: https://www.linkedin.com/in/rogerknecht/ Connect with Will Hill: https://www.linkedin.com/in/wghill/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Universal Accounting Center: https://universalaccounting.com/ Will Hill Consults: https://willhillconsults.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
45:13
May 31, 2022
$50M+ Firms, M&A, RIAs, and Private Equity in Accounting
$50M+ Firms, M&A, RIAs, and Private Equity in Accounting
Rory is joined by co-host Will Hill of Will Hill Consults as they talk with The Visionary Group President, Bob Lewis, about the latest M&A activity in accounting. In this episode, Bob talks about how we could see more accounting firms being acquired by RIAs as more firms integrate tax planning with wealth management. Listen as Bob discusses how 85% of firms have an unfunded partner buyout and why private equity is getting increasingly involved in the space. Discover why 1 out of 2 firms over $10 million ask Bob to acquire non-accounting practices like software, cybersecurity, and medical consulting companies. Are real estate niches the most profitable? Is exit planning a gateway to greater profitability? Learn the answers to these questions and more with one of the professions leading voices. Connect on LinkedIn: Connect with Bob Lewis: https://www.linkedin.com/in/bob-lewis-3aa62a11/ Connect with Will Hill: https://www.linkedin.com/in/wghill/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ The Visionary Group: https://thinkvisionary.com/ Will Hill Consults: https://willhillconsults.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
51:40
May 24, 2022
Head of Fintech Strategies at Vanguard & Blake Oliver Guest Co-Host – Elon Musk, Twitter, and Future of Fintech
Head of Fintech Strategies at Vanguard & Blake Oliver Guest Co-Host – Elon Musk, Twitter, and Future of Fintech
Rory is joined by Guest Co-Host Blake Oliver, Founder of Earmark CPE and The Cloud Accounting Podcast, as they talk with Warren Pennington, Head of Fintech Strategies at Vanguard, which manages over $7 Trillion in assets globally. Discover what Warren says about the importance of technology, creating an environment for people to trust, and how Vanguard is continually finding ways to increase savings for the end client. In this episode, Warren discusses some of the latest advancements in disruptive technologies, from Blockchain to Natural Language Processing. Can computers figure out Elon Musk and sarcasm? Is Robinhood really free? Find out the answer to these questions and more in this latest episode with one of Fintech's leading innovators. Connect on LinkedIn: Connect with Blake Oliver: https://www.linkedin.com/in/blaketoliver/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Earmark: https://earmarkcpe.com/ Vanguard: https://investor.vanguard.com/home Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
42:08
May 17, 2022
Profit First - Stephen Hawking, Toothpaste, and How to Quit Smoking
Profit First - Stephen Hawking, Toothpaste, and How to Quit Smoking
Rory is joined by Ron Saharyan, Co-Founder of Profit First Professionals and Co-Host of the Grow My Accounting Practice Podcast. Learn why the Profit First Methodology has helped over 650,000 businesses globally and how he and the organization are leading the charge to eradicate entrepreneurial poverty. Find out how a small shift in your business model from Sales – Expenses = Profit to Sales – Profit = Expenses can dramatically change your business and life. Discover the power of profit and how you can pay yourself, save for taxes, and have 3-6 months of core capital. Do you want to know what Parkinson's law, Stephen Hawking, and a tube of toothpaste have to do with running a business? Find out the answer to this and more in this Profit First episode! Email rory@arrowrootfamilyoffice.com and first 10 professionals will get a Profit First Book! Connect on LinkedIn: Connect with Ron Saharyan: https://www.linkedin.com/in/ron-saharyan-3846a8 Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Profit First Professionals: https://profitfirstprofessionals.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/ Resources: Book: https://mikemichalowicz.com/profit-first/
35:11
May 11, 2022
Bored Ape Yacht Club, Web 3, and NFTs (Nonfungible Tokens)
Bored Ape Yacht Club, Web 3, and NFTs (Nonfungible Tokens)
Rory is joined by Arrowroot Family Office Partner Michael Knittel and David Spencer of DKS Tax and Consulting as they discuss the latest developments in blockchain, cryptos, and NFTs. In this episode, listen as they discuss the news of Fidelity allowing bitcoin in 401ks, the explosion of NFTs as a crowdfunding source, and the best places to gather information on these emerging technologies. Find out what they say about NFTs like Bored Ape Yacht club and the licensing earnings potential for their owners. Do you want to know why brand-name companies like Nike, Apple, and Amazon are getting involved in the metaverse and why NFTs could be seen as the new AMEX Black Card? Find out the answers to these questions and more in this action-packed episode. Connect on LinkedIn: Connect with Mike Knittel: https://www.linkedin.com/in/lagunitasiq/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Connect with David K Spencer: https://www.linkedin.com/in/businesswise/ DKS Tax & Consulting: https://www.dks-tax.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
45:25
May 03, 2022
How Real-Time Data is Changing Public Accounting
How Real-Time Data is Changing Public Accounting
Rory and Managing Director Mark McCarron are joined by Will Baker the Director of Marketing and Client Experience at Once Accounting. Once Accounting is a client integration tool for CPA firms that allows them to manage all of their client’s books in a single location. In this episode, Will discusses how his father Ford Baker built a technology out of the pain points he was experiencing at his own firm and his desire to spend more time with his family. Discover what he says about being part of the AICPA/CPA.com Start-Up Accelerator 2022 program, the implications of real-time data on client services, and his thoughts on how to solve the capacity problem that is plaguing many firms. Don’t miss this episode to learn more about the latest technological advancements in public accounting. Connect on LinkedIn: Connect with Will Baker: https://www.linkedin.com/in/willbaker55/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Connect with Mark McCarron: https://www.linkedin.com/in/mark-mccarron-cfp%C2%AE-enrolled-agent-a1036712/ Once Accounting: https://www.onceaccounting.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/https://wealthmanagementforward.com/
39:36
April 25, 2022
NY Times Best Selling Author, Dr. Daniel Crosby: Behavioral Finance, Food & The Norwegian Underworld
NY Times Best Selling Author, Dr. Daniel Crosby: Behavioral Finance, Food & The Norwegian Underworld
In this episode, Rory and Diane Young, Managing Director at Arrowroot Family Office, are joined by Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions, a leading turnkey Asset Management Platform that serves over 2100 Firms. He has a Ph.D. in Psychology from BYU, and he recently co-authored a New York Times Best-Selling Book titled Personal Benchmark: Integrating Behavioral Finance and Investment Management. In this episode, Daniel talks about the 3 E’s that finance professionals need to use when advising clients: Education, Environment, and Encouragement. As advisors, we need to educate our clients, set up the right environments and offer encouragement like personal trainers and nutritionists do. Find out why he believes we are working with an iPhone 1 brain in an iPhone 13 world since it’s been 150,000 to 200,000 years since our brains have been upgraded. We were designed to keep ourselves from scarcity and starvation but live in a world where, at least in the West, more people die of obesity than starvation. Daniel also touches on the importance of making financial decisions when in the right state of mind and uses the Acronym HALT to communicate how people make statistically worse decisions when they are (Hungry, Angry, Lonely, or Tired). Find out how research on criminals in the Norwegian Underworld has shown how people spend, save, and invest their money differently based on how they generate it. Don’t miss out on this exciting episode to learn more about the human condition and how we view and interact with money.
37:24
April 19, 2022
Secure Act 2.0
Secure Act 2.0
Rory Henry and Managing Director Diane Young discuss the latest developments in SECURE ACT 2.0 which has major ramifications for retirement. The House passed the bill by a vote of 414-5 and it is set to go to the Senate before making its way to the President’s desk. Learn about the proposed changes to RMDs, Catch Up Contributions, and how provisions in the bill will help those paying for student loans put away for retirement. Diane talks about the importance of contacting your representatives and provides actionable steps on how to do so. If you are a business owner, retiree, or looking to find out ways to maximize your retirement, then you won’t want to miss this latest podcast!
18:02
April 12, 2022
The Blockchain Accountant: Tax Tips & Blockchain Technologies
The Blockchain Accountant: Tax Tips & Blockchain Technologies
Rory and Arrowroot Family Office VP Daniel Casey are joined by The Blockchain Accountant, David Spencer from DKS Tax and Consulting to discuss recent events in blockchain and how to navigate the young but exciting space. They discuss various crypto tax implications, how to maximize income from crypto investments, and the importance of record keeping. The three avoid jargon by utilizing simple analogies in order to allow the everyday person to understand complex blockchain and crypto concepts. Discover diverse ways that crypto is being used like a dividend and how blockchain technology is revolutionizing the way we conduct commerce. Connect on LinkedIn: Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Connect with Daniel Casey: https://www.linkedin.com/in/dancaseyadv/ Connect with David Spencer: David Spencer CPA LinkedIn Profile Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/https://wealthmanagementforward.com/ If you are interested in contacting David, you can reach him here: Website: DKS Tax and Consulting
45:14
April 04, 2022
Blockchain, Crypto, and the Global US Dollar Reserve Currency Status
Blockchain, Crypto, and the Global US Dollar Reserve Currency Status
Rory and Arrowroot Family Office VP Daniel Casey are joined by Dr. Sean Stein Smith, Professor at the City University of New York – Lehman College, Forbes Crypto and Blockchain Contributor, and advisor to the Wall Street Blockchain Alliance. In this episode, Dr. Sean discusses the latest in the world of blockchain and the difference between cryptocurrency and crypto-assets. Listen as Dr. Sean talks about NFTs and the impact they are having on the greater ecosystem, as well as the potential of DAOs (Decentralized Autonomous Organizations). Do you want to know to hear what Dr. Sean says about President Biden’s Executive Order? What CPAs and advisors should focus on when talking to clients? And the potential fallout of CBDCs (Central Bank Digital Currencies) from China, the US, and other counties? Find out the answer to these questions and more on this action-packed blockchain and crypto episode! For accounting firms looking to grow their practice by adding Wealth Management Services, you can schedule a free consultation here! Connect on LinkedIn: Connect with Dr. Sean Stein Smith: https://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Connect with Daniel Casey: https://www.linkedin.com/in/dancaseyadv/ Articles from Dr. Sean Stein Smith: https://www.forbes.com/sites/seansteinsmith/?sh=24a3d8cd61cf Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/https://wealthmanagementforward.com/
55:36
March 29, 2022
Business Improv - MLK, Steve Jobs, and it's ok to fail
Business Improv - MLK, Steve Jobs, and it's ok to fail
Rob and Rory are joined by Peter Magaritis, CPA and Certified Speaking Professional, the author of Off Script: Mastering the Art of Business Improv. In this episode, Peter discusses how you can apply the 3 main tenets of improv: Honesty, Trust, and Support to help you communicate better with your team and clients. Discover the power of active listening and how the willingness to be changed by another person's thoughts can significantly improve your connection with people. Did MLK improvise his “I Have a Dream” speech? Why was Steve Jobs such a good speaker? You can find out the answers to these questions and more in this fast-paced, educational, and fun-natured episode with CPA turned Improvisor Peter Margaritis.
43:05
March 21, 2022
Recurring Revenue: Why Software and Wealth Management Models are the Future of Accounting
Recurring Revenue: Why Software and Wealth Management Models are the Future of Accounting
Rob and Rory are joined by Geraldine Carter, business coach and host of the leading podcast “Business Strategy for CPAs,” as they discuss how firms can transition to a more efficient recurring revenue subscription model. Listen as they talk about the importance of looking at the lifetime value of clients, how firms should communicate value in their messaging, and the importance of investing in sales and marketing. Want to know how accounting firms can leverage the business models of Netflix, Amazon, and Adobe to become vastly more profitable? Well, find out the answer to this question and more in this latest episode with the business coach for CPAs.
36:41
March 14, 2022
Totally Booked & Totally SEO - Growing your Practice
Totally Booked & Totally SEO - Growing your Practice
Rory is joined by Kelly Gonsalves, Founder of Totally Booked and Totally SEO, who is also an Insightful Accountant Top 10 ProAdvisor. Kelly discusses her journey and how she was able to leverage the power of digital marketing to grow multiple successful businesses. Learn about ways to optimize your website so search engines will pick it up and hear why she considers blogs the meat and potatoes of SEO. Discover what Kelly says about selling with empathy as she provides some simple methods on how accountants can better connect with clients. Why is it essential to find out what a person is into, where they want to go, and how they want to grow? Find out the answers to these questions and more in this Totally Booked Totally SEO episode with one of the accounting profession's brightest stars! Connect on LinkedIn: Connect with Sylvia Gonsalves: https://www.linkedin.com/in/bookkeepingkelly/ Connect with Rob Santos: https://www.linkedin.com/in/rob-santos-afo/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Learn more about Sylvia Gonsalves Totally Booked: https://totallybooked.nyc/ Totally SEO: https://www.totally-seo.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
40:16
March 07, 2022
International Best Selling Author Dr. Moira Somers – Advice That Sticks
International Best Selling Author Dr. Moira Somers – Advice That Sticks
Rory and Managing Director Diane Young are joined by psychologist, family wealth consultant, and executive coach Dr. Moira Somers who is the behavioral strategist at Knudge (a FinTech company dedicated to improving follow-through on financial advice), as well as the founder of consulting company Money, Mind and Meaning. In this episode, find out the answer to these two questions: why is it hard for people to do the right things for their well-being? And what can be done to make meaningful changes in their behavior? Listen as they talk about one of the most dangerous assumptions an advisor can make when dealing with a client and how you can get advice to stick using the acronym F.A.C.T.S. Check out this episode to learn more about human psychology when it comes to money and meaning! Connect on LinkedIn: Connect with Dr. Moira Somers: https://www.linkedin.com/in/moira-somers/ Connect with Diane Young: https://www.linkedin.com/in/dianeyoung/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Learn more about Dr. Moira Somers Money, Mind, and Meaning:https://moneymindandmeaning.com/ Knudge: https://knudge.com/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
47:50
February 28, 2022
Level Fields CEO - Event-Driven Analytics: Gamestop, Jeff Bezos, and Crypto Adoption
Level Fields CEO - Event-Driven Analytics: Gamestop, Jeff Bezos, and Crypto Adoption
Rory and Rob are joined by Andrew Einhorn, CEO and Co-Founder of Level Fields. Andrew has worked with Fortune 500 companies and governments across the world via his cutting-edge data analytics and intelligence solutions. His latest endeavor with Level Fields incorporates an AI-driven fintech application that automates investment research in order to formulate event-driven analytics. Users receive insights into the most crucial market disturbances like cyber breaches, train derailments, product launches, and earnings announcements in order to make more informed investment decisions. Hedge fund managers already rave over the hundreds of hours worth of research saved with Level Fields’ market insights just “two clicks” away. With event-driven analytics quickly gaining traction, Andrew shares how the biggest market news headlines have revealed 10-25% gains upon their announcements, with a few reaching 100% within a week. We discuss Gamestop’s anomalous rise and fall, and we touch on how Level Fields would respond when someone like Jeff Bezos stepped down. With 25 unique scenario-based platforms – and 70 more on the way – find out how event-driven analytics with Level Fields can bring a new perspective to the way you and your business approach investing. For accounting firms looking to grow their practice by adding Wealth Management Services, you can schedule a free consultation here! Connect on LinkedIn: Connect with Andrew Einhorn: https://www.linkedin.com/in/einhorn/ Connect with Rob Santos: https://www.linkedin.com/in/rob-santos-afo/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Learn more about Level Fields: https://www.levelfields.ai/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
30:48
February 23, 2022
CEO of Riskalyze - Technology, Risk, & Stock Market Crashes
CEO of Riskalyze - Technology, Risk, & Stock Market Crashes
Rory Henry and Rob Santos are joined by Aaron Klein, Co-Founder, and CEO of Riskalyze, a leading risk assessment platform that serves tens of thousands of financial advisors. In this episode, learn why information and confirmation bias can profoundly affect how people make decisions about risk. Find out why over the last 25 years, markets very rarely hit their averages and how advisors can use a 95% historical 6-month analytic to help clients make better short-term decisions. Also, listen to what Aaron says about the 2000 Market Crash, 2008 Financial Crisis, and 2020 Pandemic and what advisors can do to build client confidence during these times. Are deeper and richer workflow integrations the future of Fintech? Do you want to know two simple questions to gauge someone's honest thoughts and feelings on the market? Find out the answers to these questions and more in this action-packed episode with one of Fintech's leading voices.
37:51
February 14, 2022
Betterment: ESG & Socially Responsible Investing
Betterment: ESG & Socially Responsible Investing
In this ESG investing episode, Rory and Rob are joined by Boris Khentov, the SVP of Operations and Sustainability at Betterment and a fintech advisory committee member at FINRA. Listen as they dissect the history and usage of various terms, from ESG to Socially Responsible Investing. Learn about the rapid growth of socially responsible investing and how investors, now more than ever, can directly alter the course of business activities via shareholder rights. Find out why the SEC is starting to formulate new rules, as more than $50 billion flowed into ESG funds alone in 2020, and how the Big 4 accounting firms will be certifying reports sooner rather than later. Listen to this episode to find out how to invest in companies that empower minorities, female-led companies, and ones that are creating meaningful change. Lastly, Boris talks about his background as a tax lawyer and how Betterment's tax-loss harvesting and tax-coordinated portfolios technology can help generate higher expected long-term returns. Check out this latest episode to learn more about ESG and socially responsible investing. Don't forget to subscribe and rate our podcast! For accounting firms looking to grow their practice by adding Wealth Management Services, you can schedule a free consultation here! Connect on LinkedIn: Connect with Boris Khentov: https://www.linkedin.com/in/boris-khentov-11977436 Connect with Rob Santos: https://www.linkedin.com/in/rob-santos-afo/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Learn more about Betterment: https://www.betterment.com/advisors https://www.betterment.com/work Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/ https://wealthmanagementforward.com/
39:54
February 07, 2022
Donny Shimamoto: The Importance of ESG
Donny Shimamoto: The Importance of ESG
Rory and Managing Director Mark McCarron are joined by Donny Shimamoto, CPA, CITP, CGMA to talk about ESG (Environmental, Social, and Governance) and ESG reporting. Donny is the Managing Director for Intraprise Techknowlogies, he leads The Center for Accounting Transformation and is the AICPA Chair for the National Conference of Lawyers and CPAs. In this episode, Donny explains what ESG is, why it is here, and the various ways it is being reported. Also, find out why it’s essential for organizations to be good citizens and how we, as investors, employees, and consumers, can help drive companies to make meaningful change. Hear Donny’s thoughts on how a new generation of employees are less concerned about money and more about making a positive impact in the world. Listen as they discuss topics like ExxonMobil, the harmful effects of Blockchain on the environment, and the importance of Cybersecurity in our ever-evolving digital world. Don’t miss out on this episode to learn more about all things ESG.
28:52
January 31, 2022
Randy Johnston - Host of The Technology Lab on CPA Practice Advisor
Randy Johnston - Host of The Technology Lab on CPA Practice Advisor
Rory and Rob are joined by Randy Johnston, CEO of K2 Enterprises, Co-Founder of Network Management Inc., and Podcast Host of the Technology Lab on CPA Practice Advisor. Listen as they discuss recent advancements in technology, how it’s changing the profession, and what it means to be advisory. Find out how Ben Franklin, George Washington, Thomas Jefferson, and the lessons of the farming revolution can be applied to the world of accounting today. Hear about the latest technologies that can help firms improve the client and team experience. Finally, Randy gives his 2022 predictions in which he touches on inflation, staffing shortages, and the opportunity for people to work fewer hours with greater profitability. Check out this action-packed episode with one of the leading voices in accounting and technology!
47:11
January 24, 2022
High Rock Accounting - CPA World Domination
High Rock Accounting - CPA World Domination
Rob and Rory are joined by Rachel Fisch, former National Bookkeeping lead at Deloitte and now Chief Global Development Officer for High Rock Accounting as they discuss the latest developments in the accounting profession. Learn why Rachel believes in the power of social media and how to utilize it to network and form deeper connections. Find out reasons why High Rock Accounting has been able to achieve, on average a 60% growth rate year over year for the last 8 years. Rachel also provides insight into company culture and the importance of humans, not technology, in providing a great customer experience. Lastly, get Rachel's thoughts on M&A activity, Private Equity’s Involvement in accounting, and High Rock’s plans for CPA World Domination! Don't forget to subscribe and rate our podcast! For accounting firms looking to grow their practice by adding Wealth Management Services, you can schedule a free consultation here! Connect on LinkedIn: Connect with Rachel Fisch: https://www.linkedin.com/in/rachelfisch/ Connect with Rob Santos: https://www.linkedin.com/in/rob-santos-afo/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Learn more about Highrock Accounting: https://highrock.co/ Learn more about Arrowroot Family Office: https://www.arrowrootfamilyoffice.com/
26:24
January 17, 2022
Fortune Magazine - The Great Resignation or The Great Reshuffling
Fortune Magazine - The Great Resignation or The Great Reshuffling
Fortune Magazine writer Megan Leonhardt who covers the intersection of policy and finance, joins Rob and Rory in this action-packed current events interview. In this episode, Megan talks about why "The Great Resignation” could be characterized as “The Great Reshuffling" as she discusses what happened with the 4.5 million Americans who walked off the job in November. They discuss the growing inflationary problem, why you shouldn’t buy a car, and how buying veggies can help curb the effects of high prices. Learn why 55% of the people blame the government for the supply chain crunch and why 4.8 million cases of parent worker burnout could have been preventable. Check out this episode to get the latest on the US economy, job market, and much more! Don't forget to subscribe and rate our podcast! For accounting firms looking to grow their practice by adding Wealth Management Services, you can schedule a free consultation here! Connect on LinkedIn: Connect with Megan Leonhardt: https://www.linkedin.com/in/megan-leonhardt-6024619/ Connect with Rob Santos: https://www.linkedin.com/in/rob-santos-afo/ Connect with Rory Henry: https://www.linkedin.com/in/rory-henry-0920b7150/ Fortune Articles by Megan Leonhardt: The Great Resignation rages on as a record 4.5 million Americans quit/ 1/04/22 77% of workers say they’re returning to the office in January— and more than half are looking forward to it 12/8/21 4.8 million cases of workplace burnout among U.S. parents could have been avoided, report finds 12/2/21 55% of people blame the government for the supply chain crunch. But what’s actually behind the slowdown? 12/16/21 Here’s what 8 financial planners say you should do with your money during inflation 12/13/21
26:44
January 11, 2022
The Blockchain Accountant
The Blockchain Accountant
Rory and Managing Director Mark McCarron are joined by “The Blockchain Accountant” David Spencer, CPA and Certified Smart Contract Developer, the founder of DKS Tax and Consulting. Listen to this episode to learn more about cryptocurrency, NFT’s, and advancements in the Metaverse. Find out why David believes the key to mass adoption lies in the Warren Buffet principle of “People invest in what they understand.” Also, get detailed breakdowns of what the IRS considers a taxable event as the guys discuss Crypto and NFT transactions and their associated Gas Fees. See Find out why more and more major corporations like Apple, Nike, Ray-Ban are getting involved in the Metaverse and how they are helping drive its rapid development. If you are interested in learning more about these emerging technologies, check out this can’t miss an episode with “The Blockchain Accountant.” If you are interested in contacting David, you can reach him here: Website: DKS Tax and Consulting LinkedIn: David Spencer CPA LinkedIn Profile
31:16
January 03, 2022
Best of 2021 Year in Review
Best of 2021 Year in Review
Rob and Rory provide a year in review with highlights from top guests. Listen to Dr. Sean Stein Smith, Forbes Crypto Contributor, talk blockchain technology and the emergence of NFT's in April of 2021. Hear from Cody Barbo, CEO of Trust & Will, talk about the importance of Estate Planning and listen to Vanguard Economist Josh Hirt discuss the importance of Holistic advice. Get tips on how to grow your practice from accounting thought leaders Donny Shimamoto, Jody Padar (The Radical CPA), and Blake Oliver, host of the #1 Cloud Accounting Podcast. Listen to clips of guests from leading financial and accounting publications like The Wall Street Journal, Forbes, Accounting Today, and AccountingWeb.com. Check out this action-packed 2021 year in review episode, and don't forget to subscribe to the podcast to listen to more great guests in 2022.
26:45
December 30, 2021
LinkedIn: The Power Of The World's Largest Professional Network
LinkedIn: The Power Of The World's Largest Professional Network
In this episode, Rory and Diane Young, Managing Director at Arrowroot Family Office, are joined by Brenda Meller, Founder of Meller Marketing, which helps VIPs and Sales Leaders “unlock the power” of LinkedIn through strategy coaching, optimization, and training. In this episode, Brenda talks about the limitless potential of LinkedIn and how to harness the #1 professional business networking increasing that has over 800 Million global users. Find out why posts are for “TELLING” and your profile is for “SELLING.” Learn how to create engaging content, from your header to headlines to fun polls that invite users to interact with you and your audience. Lastly, discover the secrets to increasing your LinkedIn presence via likes, comments, and videos. Check out this latest episode with our resident LinkedIn Sales & Marketing Leader to better understand how to cultivate and grow your network.
28:05
December 21, 2021
Asset-Map - Simplified Advice, Netflix, and The Future of Advisory
Asset-Map - Simplified Advice, Netflix, and The Future of Advisory
In this episode, Rory and Rob are joined by Adam Holt, a “recovering” financial planner, thought leader, and founder of Asset-Map. Adam talks about how he used his background in architecture to develop a technology that helps advisors and people better understand their finances through simple visual frameworks. Asset-Map is a resource used by thousands of advisors and more than a million people globally. Learn how Asset-Map utilizes principles from Netflix and Amazon to help advisors suggest and not sell solutions to solve their client’s needs. Discover how advisors are using Asset-Map to assess their client’s financial makeup and how they can deliver advice in a fraction of the time. Asset-Map has proved to be a revolutionary tool for financial advisors. Find out more about Adam’s game-changing platform and how firms can start to harness the power of Asset-Map to grow their business.
32:33
December 14, 2021
$100 Billion+ Firms - RIA M&A Market, Private-Equity, and Accounting Firm Opportunity
$100 Billion+ Firms - RIA M&A Market, Private-Equity, and Accounting Firm Opportunity
Rob and Rory are joined by Charles Paikert, Contributing Writer for Barron’s Advisor and U.S. Correspondent for Family Wealth Report. In this episode, Charles talks about the frenzied M&A activity in the RIA space, which has a tremendous amount of demand and a limited amount of supply. He talks about $500 Million AUM firms getting more than 10X EBITDA with 80% to 90% cash at closing. They also talk about CI Financial’s rapid growth in the US market, where they have bought over 20 firms in a little over 22 months, with over $100 Billion of that being in Wealth Management holdings. Charles discusses the impact that Private Equity is having on M&A activity, citing 70% of deals were PE-backed in the 3rd Quarter in 2021. Learn why Private Equity is so attracted to RIA’s and how accounting firms can leverage this model to increase their enterprise value. Is Private Equity coming after Accounting Firms next? Find out on this engaging and informative podcast!
28:20
December 06, 2021
Forbes Wealth Management
Forbes Wealth Management
Rob and Rory are joined by Forbes Wealth Management Staff Writer Jason Bisnoff. In this episode, Jason talks about ESG investing and the problems from supply not meeting growing demand. He also touches on the belief that you have to look at these issues long-term by citing a CNBC report that GM will not be making gas-powered cars in 14 years, which would affect companies like ExxonMobil. Learn about the growing demographical shifts, how Robinhood millionaires are shunning financial advisors, and why some experts believe Millennials could drive a 30-year bull market. Also, you'll hear their thoughts on ARK Invest's prediction of a 200 Trillion Dollar innovation market that will come about from AI, Robotics, Energy Storage, and Blockchain. Don’t miss this episode covering Wealth Management, politics, hip hop, Squid Game, and the sports world
24:43
November 29, 2021
Postseason: Life After Sports
Postseason: Life After Sports
Rory is joined by Jelani Jenkins, founder of Postseason, and former NFL linebacker of the Miami Dolphins. Postseason is the first comprehensive, holistic online platform for retired athletes tailored to help them find purpose after their professional sporting careers. In this episode, Jelani takes us through his journey of retirement from the sport he loved and eventual self-discovery. He claims and has proved that is it possible to be equally passionate about life after the end of an athlete’s stint in the locker room. Using his application, he is trying to promote this idea and help all athletes rebrand themselves. He talks about how Postseason is all about encouraging a sense of comradery amongst fellow athletes to help with the feeling of isolation that one is hit by after retiring from their respective sport. He also touches on the importance of holistic financial planning and how athletes often suffer from the fear of asking for support. Listen to this episode and find out exactly how Jelani plans on eradicating these systemic problems from the sports that we all dearly love.
19:07
November 22, 2021
Trust & Will CEO on The Future of Estate Planning & Technology
Trust & Will CEO on The Future of Estate Planning & Technology
Rob and Rory speak with the CEO and co-founder of Trust & Will, Cody Barbo. Trust & Will has helped over 200,000 families start their estate plan using their online technology and have transformed the way families plan for their future through affordable and straightforward estate planning. Cody describes the motivation behind creating a modern, intuitive, and affordable solution as an alternative to high-priced attorneys and inefficient processes. He emphasizes the affordability and accessibility of their estate planning platform, which has a Turbo Tax type experience that can be completed in 30 to 45 min. He talks about the importance of having a Trust if you have a property so that it doesn’t fall into probate. We discuss how the world is becoming digital and how Cody has been leading the charge for legislation that allows digital signatures of Will’s, which has recently passed and adopted in a few states. Learn about the basics of estate planning: Trusts, Wills, Guardianship, and Health Care Directives. For Advisors, find out how you can utilize Trust & Will to offer your clients these value-added estate planning services. Whether you need to set up an estate plan for the first time or update an existing one, you won’t want to miss this episode.
24:56
November 08, 2021
Vanguard - Intergenerational Wealth Transfer
Vanguard - Intergenerational Wealth Transfer
Rory and Mark are joined by Maria Quinn, a National Speaker and Senior Member of the Thought Leadership team in Vanguard Financial Advisor Services. Maria joined Vanguard in 2013 and has held a variety of roles serving Vanguard’s high-net-worth retail and financial advisor clients. In this podcast, Maria highlights the importance of establishing strong relationships and building trust with the clients and their families (spouse and children) to ensure the protection of assets while minimizing potential tax impacts in intergenerational wealth transfer. She also touches on the pending tax law changes, sharing her advice on what accounting firms can do in preparation. Listen to this podcast and find out what Maria has to say about intergenerational wealth transfer and don’t miss her explanation on how to get over public speaking fears, hint hint “Know thy Content and Know thy Audience." Don't miss this informative and engaging episode!
38:49
November 01, 2021
Importance of a Fiduciary Private Trustee
Importance of a Fiduciary Private Trustee
Rory and Rob are joined by Univ. Michigan and UCLA Law School Grad Ryan Schumacher, a private, professional trustee and attorney with Lorenz Private Trustees. Learn about the importance of a fiduciary as a person who stands in a special relation of trust, confidence, or responsibility in their obligations to others. In this episode, Ryan discusses the three options people use when using a trustee: 1.) A family member or friend 2.) Bank or trust company and lastly 3.) A professional private fiduciary. He talks about flexibility, operational efficiency, and independence as just a few of the benefits of using a professional private fiduciary. He provides the reasons why accountants, advisors, and attorneys may want to avoid taking on the role of trustee, just as he doesn’t advise people to hire him to be their dentist or plumber. Find out why Ryan decided to stop practicing law to start working for clients as a fiduciary private trustee. If you are an accountant, advisor, or attorney looking for advice on hiring a private trustee, you won’t want to miss this episode.
34:01
October 25, 2021
Goalsetter - Getting 1 Million Kids on the Path to Financial Freedom
Goalsetter - Getting 1 Million Kids on the Path to Financial Freedom
In this episode, Rory and Rob are joined by Tanya Van Court, a former ESPN, and Nickelodeon executive and the founder of Goalsetter. Goalsetter is an educational-based financial literacy app that teaches kids and teens finance through games, memes, and pop culture. This episode focuses on Tanya’s passion for teaching children and students of all ages how to invest and how she strives to close the wealth gap in America through her educational-based fintech platform. Tanya begins her discussion by highlighting how 90% of wealthy families lose their wealth by the third generation and asserts that all families should create an environment at home where the children are continuously learning about money. Tanya also discusses how Goalsetter has been working with schools, educational providers, and large corporations to promote early financial education and expose children to the concept of investing in a fun and more child-friendly way. Tanya also speaks on Goalsetter’s partnership with the NBA Players Association to draft kids across America to create Goalsetter accounts and to inspire a million African American and Latino kids to start saving. Listen to hear how Tanya used her background in gamification, multimedia, entertainment, and education and past experiences to create a financial education platform that will teach parents and kids how to better manage their finances.
32:31
October 18, 2021
Holistiplan: The Importance of Tax Planning
Holistiplan: The Importance of Tax Planning
Rob and Rory are joined by the Chief Growth Officer of Holistiplan, Chris Fields. Holistiplan is a technology used by thousands of advisors to efficiently and effectively scale their business through tax planning strategies. He is also an author and CEO/founder of the mercy project, a nonprofit organization using sustainability and empowerment to help rescue children out of slavery in Ghana. In this episode, Fields highlights how incorporating holistic wealth management into your firm can deepen your relationship with clients by reassuring them you are making financial decisions in their best interest. He describes how advisors can use Holistiplan’s technology to read tax returns in minutes to create clean and easy-to-read client deliverables. Fields advise listeners to be leaders rather than followers and adopt these tax planning strategies now to ensure you are providing the most comprehensive financial advice for your clients. He also discusses some of the features that Holistiplan has incorporated to ease concerns people have with using their software, such as cyber security, and how these features can make clients more comfortable. This is sure to be an episode you don’t want to miss, especially if you are considering adopting a tax planning strategy for your business.
39:01
October 11, 2021
Transforming the Accounting Profession
Transforming the Accounting Profession
Rory and Rob are joined by Donny Shimamoto CPA, CITP, CGMA. He is the Managing Director for IntrapriseTechknowlogies, the Inspiration Architect for The Center for Accounting Transformation, and is the AICPA Chair for the National Conference of Lawyers and CPAs. In this episode, Donny talks about his work helping accountants with technology, business practices, and risk management through the adoption of technology and outsourcing. Find out about the AICPA’s, CPA Horizons Project 2025, and why they decided to remove “accounting services” when describing the profession. Donny also talks about how small and midsize accounting firms were crucial during the pandemic and how they play a vital role in powering the small business economy. Get insights on the flood of Venture back money and its drive towards market acquisition, his thoughts on ESG (Environmental, Social, Governance) Reporting, and why it can be advantageous to choose the safety of people over profit. Learn about the importance of recognizing patterns, as Donny explains the evolution of technology from The Mainframe to Cloud Computing to now Blockchain and AI. Lastly, find out why it’s important to treat technology with a “Glass Half Full” mindset while you surf the technological wave of change. Check out this informative and entertaining can’t miss episode!
28:23
October 04, 2021
NY Times Best Selling Author, Dr. Daniel Crosby: Behavioral Finance, Food & The Norwegian Underworld
NY Times Best Selling Author, Dr. Daniel Crosby: Behavioral Finance, Food & The Norwegian Underworld
In this episode, Rory and Diane Young, Managing Director at Arrowroot Family Office, are joined by Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions, a leading turnkey Asset Management Platform that serves over 2100 Firms. He has a Ph.D. in Psychology from BYU, and he recently co-authored a New York Times Best-Selling Book titled Personal Benchmark: Integrating Behavioral Finance and Investment Management. In this episode, Daniel talks about the 3 E’s that finance professionals need to use when advising clients: Education, Environment, and Encouragement. As advisors, we need to educate our clients, set up the right environments and offer encouragement like personal trainers and nutritionists do. Find out why he believes we are working with an iPhone 1 brain in an iPhone 13 world since it’s been 150,000 to 200,000 years since our brains have been upgraded. We were designed to keep ourselves from scarcity and starvation but live in a world where, at least in the West, more people die of obesity than starvation. Daniel also touches on the importance of making financial decisions when in the right state of mind and uses the Acronym HALT to communicate how people make statistically worse decisions when they are (Hungry, Angry, Lonely, or Tired). Find out how research on criminals in the Norwegian Underworld has shown how people spend, save, and invest their money differently based on how they generate it. Don’t miss out on this exciting episode to learn more about the human condition and how we view and interact with money.
37:24
September 27, 2021
Practice Ignition Founder & CEO, Guy Pearson on Technology, Entrepreneurship, and How to Grow a Modern Accounting Firm
Practice Ignition Founder & CEO, Guy Pearson on Technology, Entrepreneurship, and How to Grow a Modern Accounting Firm
This episode features Rory with special guest Guy Pearson, the founder, and CEO of Practice Ignition, a technology company focusing on assisting accounting and bookkeeping firms by offering online proposals, automated billing, and other useful managerial tools. Practice Ignition works with over 5000 firms globally, with offices in Australia, New Zealand, UK, the US, and Canada. He touches on the differences in technology and how the US is few years behind their Australian and New Zealand counterparts, from real-time bank data feeds to their online filing system with AGI, which they’ve had since the ’90s. Guy talks about how technology enables firms to segment information to better understand their client base. Though robots are far from having qualitative conversations and identifying exactly what clients need, automated platforms such as Practice Ignition have allowed accounting firms to boost revenue and client satisfaction because of their bundled services. In this episode, Guy also lays out the foundation of what he looks for when deciding whether or not to invest in a company as an angel investor, emphasizing the importance of finding founders who have felt the pain of what they’re trying to solve. What makes an Uber driver more appealing to people than their accountant? Find out in Guy and Rory’s insightful discussion this episode. You can’t miss it!
30:06
September 20, 2021
Nick Sinclair: Founder of TOA Global Servicing 600+ Firms Worldwide
Nick Sinclair: Founder of TOA Global Servicing 600+ Firms Worldwide
In this episode, Rory and Managing Director at Arrowroot Family Office, Mark McCarron, are joined by Nick Sinclair, the founder of TOA Global. TOA Global is an outsourcing business that is 100% dedicated to serving accounting firms. They work with over 600 accounting firms globally, providing them with exceptional, highly-skilled offshore industry professionals at around a 70% cost saving. Nick identifies how communication and the large supply of accountants coming out of university make the Philippines an ideal location for offshoring accountants. He also emphasizes the importance of leadership, proper pay, office culture, and mentorship related to employee retention and attracting talent. With today’s growing influx of VC money from the $50 Million Series B round for startup Vic.ai to the $100 Million Round by Jeff Bezos in Pilot, Nick advises small and midsize accounting firms to “double down on the client experience.” Despite technology’s advancements, accountants will always be needed because clients still desire an expert opinion; therefore, it is imperative to keep the client journey seamless and use technology as an enabler. Nick also touches on key strategies for talent acquisition, the focus on adding value to a client through financial planning, and much more. Don’t miss out on these key insights as well as Nick’s outlook on the future of the profession. Listen to the episode now!
32:07
September 13, 2021
David Mehlhorn of Redtail Technology - A Leading Web-Based CRM for Financial Advisors
David Mehlhorn of Redtail Technology - A Leading Web-Based CRM for Financial Advisors
In this episode, Rob and Rory speak with the Director of Sales at Redtail Technology, David Mehlhorn. Redtail Technology is a core financial services solution offering thousands of advisors daily assistance with running their businesses. As the first cloud-based CRM for financial advisors, they continue to revolutionize the client-advisor relationship through a robust feature set that integrates with hundreds of industry partners. Mehlhorn provides insight into the onboarding process and emphasizes the importance of repeatable processes that helps establish a great user experience. He also explains how using their technology can enhance a firm’s marketing efforts by getting the right information in front of the right people at the right time. Mehlhorn also discusses the competitive advantage Redtail has over larger CRM platforms since they have specifically tailored their solution for financial advisors and have years of customer feedback to support it. David touches on how redtail integrates with over 20 planning software solutions to help advisors communicate that holistic picture to clients. Whether you are looking to adopt a cloud-based platform for your firm or you simply want to learn more about what Redtail has to offer, this is not an episode you want to miss!
26:36
September 08, 2021
Jody Padar, Author of “The Radical CPA” with 700,000 followers
Jody Padar, Author of “The Radical CPA” with 700,000 followers
Jody Padar, the Vice President of Strategy at Botkeeper and Author of “The Radical CPA”, joins Rob and Rory in their discussion about how firms can implement technology in their business model. Botkeeper uses artificial intelligence and machine learning to provide bookkeeping and pre-accounting solutions for accounting firms. In this episode, Jody talks about the evolution of the accounting industry and how many firms have included the use of the cloud in their services. She also touches on future predictions for the industry, emphasizing the significant role AI will play in the years to come as a solution for the repetitive, time-consuming work of an accountant. Additionally, Jody adds to the conversation of CPA firms transitioning to and monetizing advisory services. With 700,000 followers on social media, Jody explains the key to branding yourself to get exposure in the competitive marketplace - authenticity. Think you know what the future accounting industry looks like? Could Amazon be selling CPA services soon? Think again as Jody spills all her insights about what to expect in the next five or ten years. Listen now!
28:21
August 30, 2021
Editorial Manager/US team lead of Accountingweb.com: Staying Relevant in the Age of Technology!
Editorial Manager/US team lead of Accountingweb.com: Staying Relevant in the Age of Technology!
Rob and Rory are joined by the Editorial Manager/US team lead at AccountingWEB.com, Seth Fineberg. AccountingWEB.com is a premier publication for tax and accounting professionals, offering valuable insight, strategies, trends, and best practices through their publications to assist firms in improving their services. Seth speaks about the greatest challenge faced by accounting firms today, “Relevancy,” and how the growing influence of technology is forcing firms to re-evaluate their value proposition. He also touches on the concerning threats of cybersecurity and what firms can do to protect themselves. As new generations enter the profession, Seth mentions the importance of adapting the old accounting model to a more modern, entrepreneurial one that embraces technology because, as we all know, the pace of change isn't going to get any slower. He also calls upon the accounting industry to be a true reflection of the country’s demographics as the industry continues to expand. Listen to Seth’s interesting insights in Can't-Miss Episode!
35:33
August 23, 2021
Editor-in-Chief of Accounting Today talks about Automation, M&A, and Family Office Services in a Shifting Accounting Landscape 
Editor-in-Chief of Accounting Today talks about Automation, M&A, and Family Office Services in a Shifting Accounting Landscape 
Rob and Rory are joined by Daniel Hood, the Editor-in-Chief of Accounting Today. Accounting Today reaches over 325,000 professionals across the full breadth of public accounting, ranging from sole practitioners who prepare tax returns up to the Big Four firms that audit the largest multinational corporations. Even with the emergence of automation within the accounting industry, Hood shares key insights on what some of the top accounting firms are doing to retain clients and grow their business. Additionally, we discuss many of the changes we are currently witnessing at accounting firms from WFH policies to integrating new services to finding a balance between automation and advisory in your business. Daniel Hood also describes the recent wave of M&A activity within the accounting space as firms must begin transitioning to both a Post-COVID and more technology-based working environment. Tune in and learn more about an ever evolving accounting landscape.
44:52
August 16, 2021
General Manager at Betterment for Business Discusses the Most Effective Strategies for Managing Your 401(k)
General Manager at Betterment for Business Discusses the Most Effective Strategies for Managing Your 401(k)
Rob and Rory speak with Kristen Carlisle, the General Manager at Betterment for Business, as she highlights Betterment’s unique tech-enabled platform for managing 401(k) plans. Betterment integrates two arms into their range of services: Betterment for Advisors (check out the podcast with Jon Mauney!) and Betterment for Business. Betterment for Business is a simple and easy-to-implement software solution for businesses ranging anywhere from 2 - 1000s employees. Clients oftentimes find tax-saving strategies and 401(k) plans difficult to comprehend; Kristen gives key insights into Betterment’s platform, which provides advisors with the tools necessary to help service clients as a fiduciary expert advisor. Betterment has seen record highs with an increase in new clients by over 100%. Kristen attributes this to Betterment’s ability to increase outreach to advisors and implement a completely online pathway for small organizations to get started automatically as the key catalysts for their growth. In this podcast, you will learn more about Betterment for Business and better understand how you can easily manage 401(k) plans for your business clients, so don’t miss out!
22:27
August 10, 2021
Co-founder of Vanilla, David Hauser, enlightens our listeners about the importance of estate planning for both advisors and clients.
Co-founder of Vanilla, David Hauser, enlightens our listeners about the importance of estate planning for both advisors and clients.
Rob and Rory sit down with the co-founder of Vanilla, David Hauser, as he enlightens our listeners about Vanilla’s innovative platform that simplifies estate planning for both advisors and clients. Over half of the population does not have an estate plan or will set in place, and often, the hardest part about estate planning is starting the conversation. David shares his insights on the two most significant problems the population faces surrounding estate planning. He goes on to explain how Vanilla’s platform is suited to demystify these troubles many clients face in order to guide them toward a future that will protect their loved ones. Vanilla’s tools not only facilitate the estate planning process but also contains an educational component so that clients can learn along with advisors. Additionally, he talks about advisors who can utilize attorneys to help answer questions and review documents. This podcast illustrates how estate planning does not need to be complex nor feared; all it takes is preparation and guidance, which David highlights in their platform’s latest update -- Vanilla 2.0. His insights even extend to strategies for achieving and sustaining optimal health. Learn more about estate planning and achieving a healthier lifestyle in this podcast!
27:34
August 02, 2021
Diamond Wealth Strategies CEO talks about The Transformation of the Family Office Model
Diamond Wealth Strategies CEO talks about The Transformation of the Family Office Model
Rob and Rory speak with the CEO and Founder of Diamond Wealth Strategies, Ronald Diamond. Diamond Wealth Strategies represents over 100 Single Family Offices ranging in size from $250 million to $30 billion in order to create a community within an industry that is poised to continue evolving in the near future. Currently, 25% of Family Offices do not make it to the 2nd generation, 10% for the 3rd, and 5% for the 4th! Ron describes in detail how the current Family Office model is flawed and provides key insights into how Family Offices can succeed in the future if the right approach is taken. With Family Offices anticipating to “chip away” at the market share dominated by Private Equity firms and Venture Capitalists, Ron emphasizes how trust and collaboration will be the gateway for a Family Office’s success going forward. Ron alludes to Technological Advancements, Impact Investing, Estate Planning and a Holistic Approach toward managing finances as being vital components to reinvigorate the Family Office Model, which will also serve as a guide for what to anticipate within the industry for years to come.
28:32
July 26, 2021
Senior Editor of Financial Planning Provides Key Insights into the Financial Markets
Senior Editor of Financial Planning Provides Key Insights into the Financial Markets
Rob and Rory sit down with Tobias Salinger who is the Senior Editor for Financial Planning, an interactive social media platform that reaches 460,000+ experienced professionals including independent financial planners, RIA’s, and investment advisors. Viewers receive analysis and breaking news, expert advice and opinion, and practical business-building advice. In this podcast Tobias covers a wide array of analysis within the financial marketplace including discussions on topics such as annuities serving as vehicles for retirement plans, the emergence of technology in finance, blockchain & cryptocurrency defining the future of financial services, as well as key strategies for accounting firms looking to implement holistic wealth management into their practice. The financial industry is changing rapidly and everyone needs to stay up-to-date. Tobias shares his insights with our listeners so that people are informed, educated, and well-equipped for understanding the fundamentals of everything finance. Whether you are an investor, a financial advisor, or just someone looking to learn more about the industry, you will not want to miss this episode.
33:47
July 19, 2021
CEO and Founder of DPL Financial Partners Demystifies Annuities Within a New Age of Retirement Planning
CEO and Founder of DPL Financial Partners Demystifies Annuities Within a New Age of Retirement Planning
Rob and Rory speak with the CEO and Founder of DPL Financial Partners, David Lau, where he emphasizes the importance of annuities to facilitate a new era of retirement planning. With a current database of 3,000 products, 40,000 writers, and 400,000 price points, DPL Financial Partners is the first and leading commission-free annuity and insurance platform for registered investment advisors and carriers. With interest rates at an all-time low and the bond market losing traction for funding retirement plans, David emphasizes how annuities can become a viable option for retirees. For this podcast, David highlights DPL’s ability to alleviate interest rate concerns when looking at fixed income as part of one’s portfolio. Based on the low-interest rate environment, using an annuity is a little more than 40% more efficient than fixed income in generating income today. David goes on to reveal key strategies for retirement planning in anticipation of the largest transferring of wealth in human history. Additionally, you will find topics on how annuities contribute to accountants improving their holistic wealth management strategy. Listen in on this podcast to learn more from David and our team!
30:22
July 12, 2021
Director of Research at Money Media a unit of The Financial Times on the Boom of the RIA Industry
Director of Research at Money Media a unit of The Financial Times on the Boom of the RIA Industry
Rob and Rory sit down with the Director of Research at Money Media, Loren Fox. Money Media is a unit of the Financial Times that produces online newsletters for professionals with an emphasis on the asset management industry. According to Charles Schwab, the RIA industry is booming and it is recorded to be a $5.7 trillion space. Loren alludes to multiple shifts within the industry that serve as the catalysts for this recent boom, which includes fee-based structures, expansion of services, and consolidation from outside investors and Private Equity firms. Loren also touches on the financial advisory industry shifting toward a more holistic approach. Investors he surveyed reported to spend, on average, half (or less) of their time on investment management where the remaining time is allocated for other areas such as Financial Planning, Taxes, and Estate Planning. He emphasizes the client-advisor relationship to be something that goes beyond just investments: the relationship should be valued over the returns. Within this podcast you will also find information on future trends within the RIA industry and the emergence of new asset classes that RIA’s need to be informed on. Don’t miss out!
30:20
July 06, 2021
Betterment For Advisors General Manager Highlights Betterment’s Competitive Advantage and the Future of the Financial Advisor Industry
Betterment For Advisors General Manager Highlights Betterment’s Competitive Advantage and the Future of the Financial Advisor Industry
Rob and Rory sit down with Jon Mauney, the General Manager at Betterment For Advisors. From portfolio management to advising 401(k) plans, Betterment For Advisors has reinvented the experience of financial advisors who are looking to apply user-friendly technology in order to increase outreach and efficiency within their services. Jon acknowledges how technology has changed the landscape of the financial industry, but emphasizes the importance of embracing it. Jon shares his opinions on the presence of AI in finance, incorporating new asset classes in your portfolio, as well as the future of Fintech. Jon goes on to describe how Betterment's unique platform facilitates selecting and curating portfolios, allowing users to decide what services Betterment can help with, and most importantly… building a partnership. If you are interested in learning how to incorporate technology into your business or learn more about the Fintech industry, you do not want to miss this episode!
29:52
June 28, 2021
Host of #1 Accounting and Bookkeeping Podcast Talks About The Future of Accounting, AI, Blockchain, and Marketing
Host of #1 Accounting and Bookkeeping Podcast Talks About The Future of Accounting, AI, Blockchain, and Marketing
Rob and Rory speak with Blake Oliver CPA, the Director of Marketing at Jirav, which combines financial planning and analysis with the latest technology to bring customers effective solutions. Blake walks through changes that accounting firms have taken on in COVID-19 and what it means to fail to adapt. Next, with his expertise in Cloud Accounting, Blake comments on the future of AI and software in the accounting industry. We discuss the “The Silver Tsunami’’, the greatest transfer of wealth in history, and how to use Cloud Computing to assist with it. He also details his opinion on cryptocurrencies and the similarities of consumers within the cryptocurrency market, stock market, and Housing Bust of 2008. Blake walks through possible outcomes of the combination of blockchain and accounting. Then, he shares a few tips on how accounting firms can better market themselves and show the value they provide to clients. Blake has the top-ranked Accounting and Bookkeeping Podcast in the World. See Blake’s Twitter Here.
37:23
June 21, 2021
Trust & Will CEO on The Future of Estate Planning & Technology
Trust & Will CEO on The Future of Estate Planning & Technology
Rob and Rory speak with the CEO and co-founder of Trust & Will, Cody Barbo. Trust & Will has helped over 200,000 families start their estate plan using their online technology and have transformed the way families plan for their future through affordable and straightforward estate planning. Cody describes the motivation behind creating a modern, intuitive, and affordable solution as an alternative to high-priced attorneys and inefficient processes. He emphasizes the affordability and accessibility of their estate planning platform, which has a Turbo Tax type experience that can be completed in 30 to 45 min. He talks about the importance of having a Trust if you have a property so that it doesn’t fall into probate. We discuss how the world is becoming digital and how Cody has been leading the charge for legislation that allows digital signatures of Will’s, which has recently passed and adopted in a few states. Learn about the basics of estate planning: Trusts, Wills, Guardianship, and Health Care Directives. For Advisors, find out how you can utilize Trust & Will to offer your clients these value-added estate planning services. Whether you need to set up an estate plan for the first time or update an existing one, you won’t want to miss this episode.
24:56
June 14, 2021
Vanguard Economist Josh Hirt (Part II) - Discussion on the US Economy: Pandemic, Employment, Inflation
Vanguard Economist Josh Hirt (Part II) - Discussion on the US Economy: Pandemic, Employment, Inflation
Rory and Diane speak with Josh Hirt, a lead economist with the Investment Management Group at Vanguard, who develops Vanguard's understanding of Growth in the US Economy. Josh talks about the pandemic's impact on the economy and how this will evolve over time. He talks about today’s economy, some Optimism coming out of the Pandemic, as well as some comparisons to The Great Recession of 08', the Dot-com Bubble of 01’, and even the Inflationary period of the late 1960s, early 1970s. He covers many areas, including unemployment, the role the government needs to play in the markets to stabilize the situation we are in, the rise of prices in the housing market, and the shift in inflation and what that means for wages. He touches on the Vanguard Advisors Alpha Program and the importance of advisors transitioning to a more holistic approach in terms of wealth management and diversification. Lastly, we talk about the implications of Blockchain technology and Bitcoin. If you want to learn more about the US economy or the resourcefulness of a holistic approach to investing, you won’t want to miss this episode.
22:57
June 07, 2021
Vanguard Economist Josh Hirt (Part I) - Discussion on the US Economy: Pandemic, Employment, Inflation
Vanguard Economist Josh Hirt (Part I) - Discussion on the US Economy: Pandemic, Employment, Inflation
Rory and Diane speak with Josh Hirt, a lead economist with the Investment Management Group at Vanguard, who develops Vanguard's understanding of Growth in the US Economy. Josh talks about the pandemic's impact on the economy and how this will evolve over time. He talks about today’s economy, some Optimism coming out of the Pandemic, as well as some comparisons to The Great Recession of 08', the Dot-com Bubble of 01’, and even the Inflationary period of the late 1960s, early 1970s. He covers many areas, including unemployment, the role the government needs to play in the markets to stabilize the situation we are in, the rise of prices in the housing market, and the shift in inflation and what that means for wages. He touches on the Vanguard Advisors Alpha Program and the importance of advisors transitioning to a more holistic approach in terms of wealth management and diversification. Lastly, we talk about the implications of Blockchain technology and Bitcoin. If you want to learn more about the US economy or the resourcefulness of a holistic approach to investing, you won’t want to miss this episode.
25:18
May 31, 2021
The Future of FinTech and Financial Planning
The Future of FinTech and Financial Planning
Rob and Rory speak with Ted Denbow, the VP and Head of Sales at Right Capital, an industry-leading financial planning software provider. With over 25 years in the financial services industry, Ted discusses the challenges he observed in the field and how Right Capital seeks to solve them. Ted also explains the innovations that have taken place in the industry over the last decade, the challenges it currently faces, and its future. Ted explores the importance of adjusting strategies to counter the changing tax laws under the Biden administration and how clients can use Right Capital’s resources to meet those needs. He also expounds on the effect of developing technologies like AI and automation on the fintech industry. Ted also covers how Right Capital has cultivated partnerships with other fintech providers like Betterment and Vanilla so advisors can provide their clients with a holistic experience. Lastly, we discuss how firms can take advantage of one of the largest transitions of wealth in history, aka “The Silver Tsunami!”
27:58
May 24, 2021
Pierre Accounting and Tax Preparation
Pierre Accounting and Tax Preparation
Rob and Rory speak with CPA Eric Pierre, who Forbes has listed as a Top Tax Twitter account to follow, and who is the CEO, Owner, and Principal of Pierre Accounting which provides tax and financial services to clients of all sizes. Eric’s long history in the field includes work at Delloite and Fortune 500 companies. Eric speaks about his firm’s shift from compliance to advisory services and highlights the Employee Retention Credit that has helped many Minority-owned business clients. He also explores the possibility of higher taxes from the Biden Administration and how he is advising his clients to best plan for them. Additionally, he details the nuances of dealing with cryptocurrencies, as an investor and a taxpayer, as well as its future. Lastly, Eric also mentions how Pierre Accounting strives to educate athletes in professional sports on how to best plan for long-term financial well-being. You won’t want to miss this entertaining episode of a Former Professional Athlete turned CPA. To follow Eric’s Twitter, click HERE
30:13
May 17, 2021
CPA to RIA Compensation and Regulation
CPA to RIA Compensation and Regulation
Rob and Rory speak with Scott Tarra of Connexian who works with broker-dealers and with both SEC and State Registered Investment Advisors on registration and compliance needs. Scott talks about the new marketing Rule 206(4)-1 which will go into effect May 4th 2021 which sets new guidelines for solicitors and modernizes the marketing rules to reflect today’s landscape of technology and social media use. Accounting firms will be interested to learn about how the new rule will mainly do away with the current solicitor's agreement. He touches on considerations needed to from registration to compliance to filing requirements. Lastly, he talks about the focal points of regulators today being transparency, disclosures, and cybersecurity. If you are working with a registered investment advisor or are looking to become one, you won’t want to miss this episode.
31:11
May 10, 2021
SPAC - Special Purpose Acquisition Company w/ The Wall Street Journal's Amrith Ramkumar
SPAC - Special Purpose Acquisition Company w/ The Wall Street Journal's Amrith Ramkumar
Rob and Rory speak with markets reporter Amrith Ramkumar of The Wall Street Journal to discuss Specials Purpose Acquisition Companies (SPACs). In this episode, we touch on the SPAC craze that has hit the financial markets in 2020 and continued into 2021. Amrith discusses the history of SPACs from a niche product used by a group of wealthy individuals to it now utilized by most of Wall St. and Silicon Valley. He talks about seasoned investors like Bill Foley and Besty Cohen doing SPACs and how this is an alternative to raising money via a VC or Traditional IPO. He provides examples of SPACs such as the SE Asian “Super App” GRAB going public in a SPAC merger that values the business at nearly $40 Billion, even though they aren’t profitable. Lastly, Amirth talks about key investment rounds called (PIPE deals). A Private Investment in Public Equity where investors like Blackrock, Fidelity, Franklin Templeton, T Rowe Price put in vast amounts of money to get exposure to these companies of the future, which has helped make SPAC’s a mainstream alternative.
20:36
April 29, 2021
Blockchain & Cryptocurrency - Dr. Sean Stein Smith Forbes Crypto Contributor
Blockchain & Cryptocurrency - Dr. Sean Stein Smith Forbes Crypto Contributor
Dr. Sean Stein Smith joins Rob and Rory on AFO|Wealth Management Forward podcast to talk about blockchain, cryptocurrency, the pending IPO of Coinbase, and NFT’s. Dr. Smith is a Professor at Lehman College and Forbes Crypto, contributor. Dr. Smith breaks down how crypto and NFT’s are taxed and the many common issues taxpayers are running into when it comes to reporting and filing taxes. You’ll be interested to hear his answer on if the 60/40 portfolio is dead. You won’t want to miss this informative commentary on all things crypto.
50:45
April 10, 2021
Episode 4 Licensing and Compliance
Episode 4 Licensing and Compliance
Licensing and Compliance Episode:   Arrowroot Family Office CEO Rob Santos and Director Rory Henry discuss Licensing and Compliance Basics for accounting firms adopting Holistic Wealth Management. They go over each of the licensing requirements, from outsourcing to partnering to building your own Registered Investment Advisory Firm in house. They touch on easy ways to Get Started and technology innovations in the space that allow you to offer various Holistic Wealth Management Services without needing a license. Licensing and Compliance Basics  3 Level's Outsource, Partner, In House RIA Licensing How to Get Started  Life Insurance and Estate Planning Licensing Requirements
19:25
March 08, 2021
Episode 3 Investment Advisory
Episode 3 Investment Advisory
Investment Advisory Episode:   Arrowroot Family Office CEO Rob Santos and Director Rory Henry discuss implementing Investment Advisory into your firm. They cover various solutions from outsourcing, partnerships, to building your own Registered Investment Advisory Firm In House. They discuss technological innovations in the space that have solved most of the operational and compliance problems that have prevented firms from adopting this service in the past. Lastly, they provide tips on how to monetize your book of business, as well as easy ways for your firm to GET STARTED.    Investment Advisory and Holistic Wealth Management  History of Investment Advisory and "The Fiduciary Standard"  Outsource, Partner, In House RIA  Technological Innovations  Pathway to Estate Planning, Life Insurance, and Financial Planning   How to Get Started
21:27
February 22, 2021
Episode 2 Estate Planning
Episode 2 Estate Planning
Estate Planning Episode:   Arrowroot Family Office CEO Rob Santos and Director Rory Henry discuss how to implement Estate Planning into your firm. They cover the importance of having an estate plan to avoid the problems of Probate and technological innovations in the space that allow non-attorneys to be able to service clients with Estate Plans.   Estate Planning and Holistic Wealth Management  Probate  How Firms can Monetize Estate Planning  How to Offer the Service If you are not an Attorney  Technological Innovations How to Get Started
35:15
February 15, 2021
Episode 1 Holistic Wealth Management
Episode 1 Holistic Wealth Management
In this episode: Arrowroot Family Office CEO Rob Santos and Director Rory Henry introduce Wealth Management Forward and explain how accounting firms can implement a Holistic Wealth Management Strategy to transform the way they do business. They discuss the history of Investment Advisory from the "cliche" historical stockbroker to the current Registered Investment Advisor who is bound by a fiduciary duty. Accounting firms will be able to gain insight on how they can expand their suite of services to grow their business and better serve their clients. What is Holistic Wealth Management Introduce Services: Financial Planning, Investment Advisory, Estate Planning, and Life Insurance Answer some FAQ's Overview of Course
24:20
February 06, 2021