Tag: Personal Finance
How Financial Planning Can Benefit The LGBTQ+ Community With Ben Galloway (Ep. 11)

How Financial Planning Can Benefit The LGBTQ+ Community With Ben Galloway (Ep. 11)

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A large portion of the LGBTQ community is reluctant to go to an advisor because they’re afraid of having to talk about their lifestyle. How can the LGBTQ+ community benefit from financial planning?

In this episode, Tim Volk introduces Ben Galloway, CFP®, a Senior Financial Advisor in Greenspring Advisors’ Private Client Group. They talk about the importance of financial planning for same-sex couples and the LGBTQ+  community. Ben shares his career journey and how he found his passion for providing support and guidance in financial decisions. They also talk about the challenges faced by the LGBTQ+ community in terms of financial planning and the need for peace of mind, starting a family, and retirement and caregiving. They emphasize the importance of estate planning and the need for professionals who understand the unique challenges faced by LGBTQ+ individuals. They also touch on the importance of asking the right questions and seeking advice from trusted advisors.

Tim and Ben converse about: 

  • What they love most about being financial advisors and part of the LGBTQ+ community
  • Ben’s personal story that has led him to the work he’s doing
  • Why financial planning is important for the LGBTQ+ community
  • Why members of the LGBTQ+ community are less likely to use financial planning tools and are reluctant to go to an advisor
  • How working with financial professionals can help protect you from the unexpected
  • The key “aha” moments Ben has had in his work
  • The advice Ben wishes to share with anxious clients as they walk through the door
  • What’s up next: EQ vs. IQ,  and the new technical aspects of financial planning
  • And more

 

Resources:

References:

Connect with Tim Volk: 

Connect with Ben Galloway: 

About our Guest: 

Ben is a Senior Financial Advisor and CFP® in Greenspring Advisors’ Private Client Group.  Ben’s practice focuses on serving the financial planning needs of business owners and executives, especially related to sudden wealth and intergenerational wealth transfers.  His work includes a special emphasis on the unique needs of same-sex couples and other members of the LGBTQ+ community.  Ben works with clients to develop financial, tax, and estate planning strategies specific to complex wealth needs, including concentrated stock, real estate, buy-sell agreements, and charitable giving.  An enhanced and remarkable client experience through exceptional service is pivotal to Ben’s practice.  Whether it is helping clients sell a business, plan for retirement, save for college, or start a family, Ben prioritizes an educational and evidence-driven investment and planning approach.

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Your Relationship With Money Part 2: Redefining Success With Jill Shipley (Ep. 10)

Your Relationship With Money Part 2: Redefining Success With Jill Shipley (Ep. 10)

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In part two of this two-part series, Tim Volk and Jill Shipley reveal some messed up ways that people relate to money.

In this episode, Tim tackles redefining success and coming out of the shadow for rising generations and families of wealth with Jill Shipley, Managing Director and Head of Governance and Education at AlTi Tiedemann Global. Jill discusses the challenges faced by wealthy families and the impact of money on individuals, relationships, and the community. She emphasizes the importance of nurturing human and intellectual capital within families, redefining success beyond financial wealth, and finding purpose and fulfillment in life. Jill also talks about the complexities of growing up in a wealthy family, the importance of open communication, and the value of genuine connections.

Tim and Jill discuss: 

  • The impact money has on individuals, relationships, and the community
  • How to redefine success beyond financial wealth
  • Some of the challenges and complexities of growing up in a wealthy family
  • Preparing the next generation to cope with inherited success
  • The need to find personal motivation for success beyond just money
  • Why purpose, fulfillment and giving back in life are so important for affluent families
  • And more

 

Resources:

 

Connect with Tim Volk: 

Connect with Jill Shipley: 

 

About our Guest: 

As Managing Director and Head of AlTi’s Family Governance and Education Practice, Jill Shipley helps families, family offices, foundations and family enterprises manage the impact of multigenerational wealth. She brings over 20 years’ experience and expertise in family systems, preparing rising generations, communicating about wealth, navigating family enterprise transitions, family and business governance and strategic philanthropy.  She lives in Denver, Colorado with her husband and son.

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Your Relationship With Money Part 1: Scarcity & Abundance With Jill Shipley (Ep. 9)

Your Relationship With Money Part 1: Scarcity & Abundance With Jill Shipley (Ep. 9)

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It’s complicated. Our relationship with money is often built on conflicting emotions, and it can get even messier when you toss in family and sizable wealth.

In this episode, Tim Volk introduces Jill Shipley, Managing Director and Head of Governance and Education at AlTi Tiedemann Global, to discuss the topic of the relationship with money, specifically scarcity and abundance. They explore the complexity of money and the portrayal of wealthy families in the media and the negative bias that often comes with it. Jill emphasizes the importance of understanding and compassion in conversations about money, as well as the need to prioritize what truly matters in life.

Jill discusses: 

  • Her passion for helping families manage their relationships with money and each other when it comes to multigenerational wealth
  • Examples of wealthy families making positive contributions to society
  • Why it’s important to understand and question inherited money messages
  • The negative bias the media portrays of wealthy families and how it impacts our relationships with money
  • The role of rituals and traditions in shaping our relationship with money
  • Valuing time and relationships over material wealth
  • The joy and fulfillment of philanthropy and how giving back to the community has a positive impact on both the giver and the receiver
  • And more

 

Resources:

Connect with Tim Volk: 

Connect with Jill Shipley: 

About our Guest: 

As Managing Director and Head of AlTi’s Family Governance and Education Practice, Jill Shipley helps families, family offices, foundations and family enterprises manage the impact of multigenerational wealth. She brings over 20 years’ experience and expertise in family systems, preparing rising generations, communicating about wealth, navigating family enterprise transitions, family and business governance and strategic philanthropy.  She lives in Denver, Colorado with her husband and son.

 

The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of AlTi Tiedemann Global. All opinions and estimates constitute the speaker’s judgment as of the date of this recording, are subject to change without notice, and are provided in good faith but without legal responsibility. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.

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Coming Soon: Your Relationship With Money featuring Jill Shipley (Ep. 8)

Coming Soon: Your Relationship With Money featuring Jill Shipley (Ep. 8)

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How would you describe your relationship with money?

In this episode, Tim Volk offers a tantalizing glimpse of what lies ahead in the forthcoming episodes. Get ready to embark on a riveting journey as he unveils a compelling two-part series alongside Jill Shipley. Together, they will delve into the intricacies of our relationships with money and how diverse life experiences shape our perspectives on wealth. Stay tuned for thought-provoking insights and valuable discussions!

Tim discusses: 

  • The expertise and profound insights that make Jill Shipley a remarkable guide in transforming how families approach their wealth
  • A sneak peek into the topics that Part 1 and Part 2 of the forthcoming series will explore
  • An array of thought-provoking questions that he and Jill Shipley will skillfully address
  • The profound impact money has on our perceptions of affluent families, offering intriguing revelations
  • And much more in this riveting episode that promises to reshape your understanding of wealth and its dynamics

 

Resources:

Connect with Tim Volk: 

About Our Next Guest: 

As Managing Director and Head of AlTi’s Family Governance and Education Practice, Jill Shipley helps families, family offices, foundations and family enterprises manage the impact of multigenerational wealth. She brings over 20 years’ experience and expertise in family systems, preparing rising generations, communicating about wealth, navigating family enterprise transitions, family and business governance and strategic philanthropy.  She lives in Denver, Colorado with her husband and son.

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