The Agent of Wealth

A Chief Financial Officer (CFO) plays a critical role in every company, supporting the CEO in making optimal financial decisions that can set a business on the path to success... And making the wrong decisions can lead to financial disaster. In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Bryant Tolles, the owner of KTT Global Advisors. Together, they talk about how he conducts business as a virtual CFO.

In this episode, you will learn:

• How Bryant created the One Minute CFO Video series to discuss how business finances really work.
• What a Virtual CFO does and how hiring one can help set your company up for success as well as save you money.
• When starting a business and what entity structures you should consider as well as what state you should create your business in.
• How Bryant got started with a niche in bitcoin what the future holds for the currency.

Resources:
Episode Transcript & Blog | One Minute CFO Videos | contact@kttglobal.com | 408-391-4475 | Bautis Financial: (862) 205-5000

We’re in unprecedented times right now. We’ve seen the Dow Jones fluctuate 3,000 points in a day, circuit breakers were tripped 2 times in one week this month, and oil recently hit an 18 year low. Panicked investors looking for liquidity are selling things like long-term government bonds, gold, and municipal bonds which are all typically safe havens. And the stock market has decreased 30% from its February peak.

In this episode, you will learn:

• What’s happening?
  • There’s a lot of information out there, some of it good and some of it not so good.
  • This markets the end to the bull market, at least for now.
  • How the coronavirus is different than other pandemics we’ve seen.
• How does this compare to 2008?
  • This was the quickest shift to a bear market ever.
  • The quick drawdown was partially due to lack of information as the underlying economy was strong coming in to the crisis.
• What is the path forward?
  • How best to prepare for things if they get worse.
  • How best to take advantage for a recovery.

Resources:
Episode Transcript & Blog | Bautis Financial: (862) 205-5000

Many business owners are challenged with keeping up with their books during the year. After all, most entrepreneurs started their business to drive a passion forward, not become an expert on working with Quickbooks. As tax filing deadlines are getting closer, many small business owners are in a whirlwind trying to prepare and reconcile their books for the year. In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Kelli Lewis to discuss how business owners can prepare for tax season.

In this episode, you will learn:

• Tips for tracking your income and expenses to prepare for tax season.
• Why having professionally prepared financial statements can help you learn valuable insights into your business.
• How the Chart of Accounts is used to gauge the overall financial health of your company.
• The importance of separating your business and personal finances.
• How using a bill pay service can help you free up time to spend growing and managing your business.
• And more!

Resources:
Episode Transcript & Blog | KelliWorks | Kelli's Phone Number: (201) 308-3128 | Bautis Financial: (862) 205-5000

The vast majority of active portfolio and fund managers have trouble beating the benchmarks that their funds are compared to. Whether the challenge of picking stocks is due to broad market cycles, the growth of ETFs or other factors, stock selection continues to have massive implications for investors’ financial health. In this episode of The Agent of Wealth Podcast, host Marc Bautis discusses how a direct indexing investment strategy can help create a custom portfolio, while optimizing for tax efficiency and other factors.

In this episode, you will learn:

• A history of portfolio management from individual stocks, to mutual funds, to ETF’s, to Direct Indexing.
• The benefits of implementing a direct indexing strategy.
• About tax outperformance, strategy replication, ESG screens, strategy replication and transition management.
• How to deal with low-cost basis securities in your portfolio.
• And more!

Resources:
Episode Transcript & Blog | Bautis Financial: (862) 205-5000

Last Friday, Congress signed a mammoth $2 trillion stimulus package into law called The Cares Act (Coronavirus Aid, Relief and Economic Security). Many of the programs and initiatives in The Cares Act are intend to assist business owners through a variety of needs. In this episode of The Agent of Wealth Podcast, host Marc Bautis shares details on the three relief programs: The Economic Impact Disaster Loan (EIDL), The Payroll Protection Program (PPP) and The Employee Retention Tax Credit (ERTC). Bautis also answers frequently asked questions about each program, such as:

• What are the eligibility requirements?
• Do I have to personally guarantee the loan or provide any collateral?
• What do the loan funds have to be used for?
• Is the loan forgivable?
• What’s the maximum loan amount I can receive?
• How do I apply?

This is the second part of a two-part series on The Cares Act. Listen to the first part, which covers the individual relief efforts outlined in the Act.

Resources:
Episode Transcript & Blog | Bautis Financial: (862) 205-5000 | CARES Act - Small Business Checklist