Digital Social Hour
AI's Game-Changing Role in Financial Planning | Lucas Winthrop DSH #1207
27 Feb 2025
AI is transforming financial planning like never before! 🚀 Join Sean Kelly on the Digital Social Hour as he chats with Lucas from Winthrop Wealth about how cutting-edge AI tools are reshaping the way we approach money management, investment strategies, and long-term planning. 💡 From optimizing your finances to preserving wealth, this episode is packed with valuable insights for high-net-worth individuals and business owners. 💼 Lucas shares the secrets to smart estate planning, tackling market volatility, and navigating the ever-changing financial landscape. 🌟 Discover how AI enhances forecasting, streamlines decision-making, and accelerates financial education. Plus, get the scoop on crypto, gold, and even futuristic topics like mining asteroids! 🪐💰 Don’t miss out on this engaging conversation filled with expert advice, relatable examples, and insider secrets. Watch now and subscribe for more eye-opening stories on the Digital Social Hour with Sean Kelly! 📺 Hit that subscribe button and stay tuned for more exciting topics and exclusive guest insights. 🔥💬 CHAPTERS: 00:00 - Intro 00:27 - Lucas from Winthrop Wealth 02:55 - Tax Cuts and Jobs Act Overview 03:53 - Impact of Tariffs on Economy 06:15 - Long-Term Financial Planning Strategies 08:45 - Age Discrimination in Finance Industry 09:42 - Technology's Impact on Financial Services 13:53 - Mastermind Groups in Finance 15:54 - Role of AI in Financial Planning 18:04 - Cryptocurrency Trends and Insights 23:05 - Investing in Gold & Silver 27:30 - Understanding Inflation Effects 28:00 - Exploring the Longevity Market 29:48 - Connecting with Lucas APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Lucas Winthrop https://winthropwealth.com/team/lucas-winthrop/ https://www.instagram.com/winthropwealth/ LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ #financiallandscape #aitools #financialeducation #aiinfinance #aiinbanking
Full Episode
I think just the speed to get educated is so much quicker. And it's kind of, I mean, that's every industry, right? Yeah. But specifically for our industry, what it's done is that I think it's made it easier for people to come in. And if you have the right mentality, if you can connect with people and you're good on the relationship side, you can kind of piece together those different things.
all right guys we got lucas from winthrop wealth here today we're going to talk about uh making money and keeping money right that's it that's the key because a lot of people can make money but what you specialize in is kind of maintaining that or making even more off it right optimization and preservation yeah yeah because you deal with high net worth individuals right i do but it's all about helping them live life to the fullest and as you add more complexity sometimes that's harder to do right yeah what are the qualifications to work with you
It really depends. We have a soft minimum of about $2 million. So that means $2 million of investable assets kind of gets you in the door. And that's where it kind of makes sense for us from a cost perspective because our expenses are high. We have subject matter experts that are coming into the relationship. So about $2 million is kind of our soft minimum.
But we have a lot of discretion to work with pretty much anyone who we believe to be a good fit.
yeah and that's the most important thing right like we want to be able to get shit done together we want to have a productive relationship we want to be engaged because at the end of the day if we can't help you and you don't take the advice then what do we do yeah so um yeah but i'd say most of our clients are business owners so typically what we see is that a lot of their net worth is tied up in their business right so high net worth low liquidity
Yeah, that's the thing with net worth, right? Because some people say they're worth like a billion dollars, but it's all in equity on paper and their liquid net worth is actually nowhere near that.
Yeah. Don't spend it until it's liquid.
Right.
Yeah.
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