I love referring to the HBO show Succession, it’s one of the greatest dramas, I would go as far as to compare it with my all-time favourite, “The Sopranos”.
And… it truly is a masterclass in how NOT to handle estate planning. Family feuds, intense legal battles, and being reckless with your assets are great for drama, but you don’t want any of that in real life.
Estate planning is an(other) area where the advice model is broken; it’s a wealth management issue that lawyers typically handle. So, it doesn’t receive the holistic approach to wealth, tax, and family-specific considerations it deserves.
I spoke with Gene Farrell, the CEO and President of Vanilla, a company that has raised $84 million to build the technology that changes that.
This episode is from a new Wealthtech series.
LINKS
Vanilla website: https://www.justvanilla.com/
Related Wealthtech episode: Wealth Engineered - Quantifeed
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This episode was produced by Orama - a video and podcast studio for B2B brands https://orama.tv/
ABOUT VANILLA
Estate planning is no longer just a luxury–it’s a necessity when delivering holistic financial advice. Vanilla’s next-generation software makes estate planning easy for every client.
ABOUT THE INVESTOLOGY PODCAST
A podcast that helps you think about critical topics and principles of investment management. Each episode explores the technology, mythology, psychology, and narratology of investment management through interviews with acclaimed authors, innovative startup founders, and industry pioneers.
ABOUT GEORGE ALIFERIS: INVESTOLOGIST & HOST
With a background in investment management and selling sophisticated products to large institutional investors across Europe and Asia, George is now on a mission to find new ways to deliver better outcomes for investors.
Aside from the Investology podcast, George is a content creator for the finance industry and the founder of Orama a podcast and video agency.
He’s a CAIA Charterholder (Chartered Alternative Investment Analyst Association); and holds a Master’s from HEC, Paris
TIMESTAMPS
00:00 Introduction to Estate Planning Drama
01:23 The Importance of Having an Estate Plan
02:06 Challenges in Estate Planning
02:14 Vanilla's Role in Estate Planning
03:45 Components of a Good Estate Plan
05:09 Legacy and Tax Efficiency
07:03 State and Federal Tax Implications
09:11 Vanilla's Technology and Services
10:22 Vanilla's Founding and Growth
14:37 Advisor and Client Engagement
33:13 Market Potential and Challenges
36:42 CEO's Background and Journey
40:51 Conclusion and Contact Information
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