Episode 5
Recorded on August 2nd 2023
Show Summary
This program highlights two technologies that focus on achieving a sustainable Single Family Office through facilitating family organization and communication.
About the Moderator
Philip F. Strassler, Founder, The Larry Kraus Family Office Tax & Tech-NEW-logy Institute
Phil Strassler, through Strassler, LLC consults with families of wealth and single-family offices on strategy, successful business practices and building sustainable Family Investment Offices. From 2008 he has been instrumental in the creation and staffing of some of the largest SFOs on the East Coast.
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Phil leads head of Family Office Division of JSB Partners. Phil is a former the Chair of the Family Office Committee of the New York State Society of CPAs and former Director of Fieldpoint Private Bank. In addition to his consulting group, Phil is a founder of the Larry Kraus Family Office Tax & Tech-NEW-logy Institute which develops programs that provide Single Family Offices with an understanding of relevant tax and technology issues.
In 2007, he retired as a Partner at Marcum & Kliegman LLP, where he was instrumental in fueling the firm’s growth from $20 million in revenues with 30 professionals, to nearly $120 million with 500 professionals by the time he left to launch Strassler, LLC. At Marcum & Kliegman LLP he founded and was the leader of the Private Wealth Services and Alternative Investment Group practices. From 2008 - 2010 Phil developed and taught the Emerging Leadership Program to Marcum & Kliegman LLP Senior Managers and Partners.
Prior to joining Marcum & Kliegman LLP, Phil was a Partner at a mezzanine/leveraged buyout fund. In this capacity, he provided investment analysis and tax advice. Phil also spent ten years as a SFO Tax Director focusing on tax, business advice and investment analysis.
On an ongoing basis, Phil speaks on hedge fund, investment partnership and family office organization and tax planning and has written numerous articles for The Tax Advisor, The CPA Journal, The Journal of Practical Estate Planning, as well as other publications. During his tenure at Marcum & Kliegman LLC, he was the Publisher of Private Investment Forum, Marcum & Kliegman LLP’s quarterly publication directed at hedge funds and investment partnerships.
Phil is a member of the AICPA and NYSSCPA and is a member of the NYSSCPA Taxation of Financial Instruments and Transactions and Family Office Committees. Phil has a B.B.A. from Hofstra University and lives in Wellington, Florida.
About leafplanner
Represented by Josh Kanter, Founder & CEO
leafplanner is charting new territory as it establishes itself at the intersection of WealthTech, professional services technology, and family office management to enable families of wealth to be better educated, engaged, empowered, and prepared.
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Having productized over three decades of wealth advisory and risk management expertise, leafplanner’s software platform enables clients to apply a family office lens to the collection, organization, and mapping of a family’s and family enterprise’s information which, in turn, allows a family to identify blind spots, take proactive and corrective actions, resulting in an effective, comprehensive, and efficient succession and succession of information.
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Josh is the founder of leafplanner, a platform built to collect, organize and relationally map a family’s and family enterprise’s information in a single-source manner, allowing the identification of blind spots, providing a tool for the education of family members and advisors, and providing a family with a more effective, comprehensive, and efficient succession-of-information.
Josh also provides multi‐generational family wealth advisory services to his clients, including family meeting facilitation, structuring, governance, trust, estate and tax planning, “blind spot” review, philanthropy, and more.
Josh began his career as a lawyer before leaving his practice to build and run his family’s multi-generational family office for over 20 years. Josh is involved with numerous non-profit organizations, and is a frequent speaker on family, family office, political, economic, and philanthropic topics.
Josh received his J.D. from the University of Chicago in 1987.
About MTM360
Represented by Shawn T. Barberis, President
More Than Money 360 (MTM360) is the only technology to prepare multiple generations of successful families for impactful family meetings about core values, communication, legacy, unity, gratitude, philanthropy, and governance. Our technology provides three critical benefits to families.
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Firstly, MTM360 connects geographically dispersed families, requires only 30 minutes per month via Zoom to participate and provides a clear client deliverable the industry lacks. MTM360 is proud to offer qualified families access to our deep bench of family meetings facilitators, all of which have a decade or more of family meeting facilitation experience. Our fourteen “Navigators” do not offer any financial, legal, and/or tax services thus presenting no conflict-of-interest to a family’s existing team of advisors.
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For over two decades, Shawn has engaged multiple generations of successful families in preparing for, and participating in, impactful family meetings focused on the foundational pillars of multi-generational success: communication, core values, family legacy, gratitude, financial education and governance.
Our proprietary technology, More Than Money® 360 (MTM360SM), is designed to prepare and empower families for their family meetings. Shawn’s success is built on the simplest of principles: if you are attending an important meeting, you prepare. This preparation is hosted in the MTM360SM technology and supports geographically (or physically) distanced families.
Over the years, Shawn has guided numerous families to improve meaningful communication, develop shared stewardship and philanthropy while strengthening family unity.
Since 2007, MTM360SM is the first, and currently the only, technology to prepare heirs, align core values and spark meaningful communication. Shawn maintains the clients’ best interests under a business model of full-disclosure, transparency, and adherence to a fiduciary model.
Since 2012, Shawn has enjoyed a 100% client retention rate.
Shawn has written several articles for industry magazines, is an active public speaker with over one hundred presentations to his credit, and in 2020 released his first book, “The Endangered Family: How to defeat the greatest single risk confronting your family – your money.”
Law Career
Shawn attained his law degree from the University of Baltimore. While there, he joined a downtown law firm, and upon passing the Maryland Bar Exam in 2000, Shawn opened a private firm of his own serving successful families and businesses. During this time, he began drafting sophisticated business and estate documents.
Entrepreneur
Shawn expanded his offerings and co-founded Premier Planning Group in 2002. With several offices on the East Coast, the independent financial advisory firm grew to 76 registered representatives from Naples, FL to Baltimore, MD with over 200 insurance brokers. In 2007, Shawn divested his interest in Premier Planning Group.
Discussion covers
- The problems the systems are solving
- Origin story and evolution of the companies
- Client profiles and use cases
- Implementation - process and length
- Pricing
- Plans for the future
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