Advertise on podcast: What’s Next?

In part two of this conversation, Terry Cook and Nick Rosenthal move from the mechanics of the new law into the planning decisions that follow. They walk through how census tract redesignations work and what the next cycle of zones might look like, explore the Rural Opportunity Fund provision and who it actually serves, and use the Laurel Apartments project in East Austin as a real-world example of what success looks like in this program. They also cover how Opportunity Zone investments sit alongside installment sales, charitable structures, 1031 exchanges, and tax-loss harvesting strategies and close with the investment questions that matter most before committing capital. 0:45 – Census tract redesignations: what the next cycle of zones might look like 5:57 – Rural Opportunity Funds: what changed, who it's for, and how Griffin thinks about it 11:25 – A Washington state footnote: solar and wind farms as rural OZ examples 15:09 – The Laurel Apartments, East Austin: what the program looks like when it works 18:06 – How refinancing events and operating distributions work during the hold period 22:38 – Why the long-term tax-free growth is the headline, not the deferral 26:32 – How Opportunity Zones work alongside installment sales, 1031s, and charitable structures 32:00 – Why real estate belongs in a post-sale portfolio, the investment argument 35:01 – The tail cannot wag the dog: how Parcion evaluates OZ fund quality 35:54 – Questions every sophisticated investor should ask before committing capital 39:00 – The single mindset shift Nick wants business owners to walk away with Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook as he speaks with Nick Rosenthal, co-CEO of Griffin Capital, to walk through what changed in the Opportunity Zone program on July 4th, 2025, and why it matters for business owners preparing for a sale. Nick shares how permanence transforms the planning conversation, how the rolling five-year deferral and restored basis step-up work together, and what a disciplined, investor-aligned approach to Opportunity Zone funds actually looks like. Tune in to understand one of the most significant updates to the tax code for business owners in years. 2:42 – Who is Griffin Capital and what do they focus on 6:27 – Co-investment alignment: $300 million of leadership capital alongside investors 8:18 – Plain-English explanation of how Opportunity Zones work 9:46 – The origins of the program and whether it has delivered on its promise 13:12 – Criticism of the program and how Griffin evaluates the spirit versus the letter 17:13 – The five changes that matter most: starting with permanence 21:49 – The rolling five-year deferral clock and why it democratizes timing 25:24 – The restored 10% basis step-up and how it pairs with passive loss strategies 28:38 – What to expect in Part 2 Hosted on Acast. See acast.com/privacy for more information.

In this episode of What's Next? from Parcion Private Wealth, host Terry Cook and guest Mike McGrann, from the Fidelity Center for Family Engagement, discuss legacy preservation and wealth communication. They tackle fears surrounding wealth's impact on future generations and strategies for constructive family dialogue. As a subject matter expert on families of wealth and family-owned firms, Mike shares insights on maintaining healthy relationships around wealth, emphasizing the importance of open communication to prevent misunderstandings and conflicts. If you are interested in learning more about how Parcion can support your generational conversations, please contact us at [email protected] or visit www.parcionpw.com. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook as he speaks with Natalie Pierce, a leading expert in AI and partner at Gunderson Dettmer. Discover how business owners and leaders can harness the power of AI to transform their operations, enhance efficiency, and stay competitive. Natalie shares insights on generative AI, the importance of prompt engineering, and best practices for AI adoption in the workplace. Tune in to explore the future of AI in business. If you are interested in learning more about how Parcion can support you, please contact us at [email protected] or visit www.parcionpw.com. 00:54 – Episode introduction 1:30 – Natalie Pierce explains her role at Gunderson Dettmer and her expertise in AI 3:20 – What is Artificial Intelligence? What isn’t it? What is Generative AI? 6:08 – Generative AI versus Machine Learning 10:20 – Training a workforce to use this technology 12:50 – Prompt engineering and upskilling the workforce 18:40 – The dark side of AI, including cybersecurity threats and deep fakes 21:30 – Explanation and importance of a closed enterprise solution 24:45 – Best practices and examples for business owners implementing AI 31:15 – Augmented versus virtual reality 33:50 – Cobots and their use 38:40 – Considerations for employers deploying general or HR AI powered tools 42:00 – Contact information for Natalie Pierce and further resources Hosted on Acast. See acast.com/privacy for more information.

In this episode of What's Next? from Parcion Private Wealth, host Terry Cook and guest Mike McGrann, from the Fidelity Center for Family Engagement, discuss legacy preservation and wealth communication. They tackle fears surrounding wealth's impact on future generations and strategies for constructive family dialogue. As a subject matter expert on families of wealth and family-owned firms, Mike shares insights on maintaining healthy relationships around wealth, emphasizing the importance of open communication to prevent misunderstandings and conflicts. If you are interested in learning more about how Parcion can support your generational conversations, please contact us at [email protected] or visit www.parcionpw.com. 1:00 – Episode introduction 2:52 – Addressing the fear of money ruining kids by utilizing better conversational tools 4:45 – Creating distance with hierarchical behavior 8:20 – Statistics around wealth transfer 10:00 – Defining what "Legacy" means to you 13:20 – Using intentional reflection to define your legacy and relationship to wealth 14:00 – Intended and unintended outcomes and consequences 15:40 – Voice versus vote 16:00 – Peership and commitment to mutuality 18:40 – Real life example of a conversation about wealth with a 14 year old around shoes 21:40 – Real life example of a conversation about wealth with estate planning and family dynamics 25:03 – Fair versus equal 29:20 – Wish versus fear 32:00 – Developing a healthy respect for wealth in your children 36:22 – Takeaways and strategies for constructive family dialogue 44:25 – Fidelity Center for Family Engagement's mission and passion to support family businesses Hosted on Acast. See acast.com/privacy for more information.

In this episode of What’s Next?, host Terry Cook is joined by Ted Lape of Lazear Capital Partners to discuss ESOPs, a tool commonly used to facilitate succession planning, allowing a company owner to sell their shares to support their goals and transition flexibly out of the business. Ted has an impressive 30-year history in the banking industry and has helped many clients with setting up an ESOP at their company. More information about ESOPs can be found in our whitepaper “How to Successfully Exit Your Business with an Employee Stock Ownership Plan (ESOP)” available on our website www.parcionpw.com or at www.lazearcapital.com/. 1:35 – Ted’s introduction to ESOPs 2:44 – What is an ESOP? 3:30 – How are ESOPs different from ESPPs (Employee Stock Purchase Plan) or other employee stock ownership plans? 5:30 – Mechanics, steps, and benefits of ESOPs, timeframe 7:55 – How is an ESOP different from a direct sale? 13:20 – Advantages 14:20 – Disadvantages 14:58 – Example when ESOP is the right solution 18:40 – Financing options and involvement 24:40 – Why don’t more business owners choose to exit with an ESOP? 26:20 – Cost and professionals involved 30:50 – How an ESOP can help ensure a legacy for a business owner Hosted on Acast. See acast.com/privacy for more information.

In this episode of What’s Next?, JoAnna Halk, an associate director for the Stanford SEED Program, and Mark Phelps, a retired serial entrepreneur and Stanford SEED coach, join host Terry Cook to discuss the benefits of the SEED program, the unique opportunities it presents to business owners, and effect that it’s had on participating companies across Africa and Southeast Asia. More resources at www.parcionpw.com and https://www.gsb.stanford.edu/seed. Hosted on Acast. See acast.com/privacy for more information.

For this episode, Terry Cook is joined by Bruce Feiler. Bruce is the author of seven New York Times bestsellers, including Life Is in the Transitions and Secrets of Happy Families. His three TED Talks have been viewed more than 4 million times. In their conversation, Bruce and Terry dive into navigating challenging life and family moments and discuss Bruce's new book, The Search, about finding meaningful work.More resources at www.parcionpw.com and www.brucefeiler.com. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Brendan Wales, general partner of Fuse, an early-stage venture capital firm, as they discuss all things venture capital, including how firms like Fuse operate and the opportunities available to interested investors. More resources at www.parcionpw.com and www.fuse.vc. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Colby Bircher, vice president of charitable planning at Fidelity Charitable, as they discuss how donor-advised funds can be used as a tool for impactful philanthropic planning and the advantages of this form of charitable investing. More resources at www.parcionpw.com and www.fidelitycharitable.org. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Craig Ross, CEO and Founder of Aviation Portfolio LLC as they discuss all things private aviation – from the various models currently in vogue to trends in private jet travel. More resources at www.parcionpw.com and www.aviationportfolio.com. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Assured Partners Agency COO Lorrie Baldevia as they discuss what business owners should consider – both from a business and a personal perspective – when navigating insurance planning and potential consulting services for a successful business transaction.More resources at www.parcionpw.com and www.assuredpartners.com. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Carney Badley Spellman Mergers and Acquisition Attorney Tana Materi as they discuss what business owners should consider when choosing a mergers and acquisitions lawyer and share some tips for a successful transaction.More resources at www.parcionpw.com and www.carneylaw.com. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Meridian Capital Investment Bank President Brian Murphy as they discuss what business owners should consider when choosing an investment bank and how to go about the search for an investment banker. Hosted on Acast. See acast.com/privacy for more information.

Join Terry Cook and Fahlman Olson & Little, PLLC Co-Founder Eric Fahlman as they discuss estate planning basics and tools, such as Spousal Lifetime Access Trusts (SLATs) and Intentionally Defective Grantor Trusts (IDGTs) and walk through a client case study, highlighting aspects that might apply to others going through a wealth event.More resources at www.parcionpw.com and www.faolaw.com. Hosted on Acast. See acast.com/privacy for more information.