Elliot Kallen

Today’s world is evolving rapidly, making it more challenging than ever to attract and hold onto talented employees, particularly senior management. Here are some strategies that might be beneficial, and these require thoughtful conversations: Secure key talent with a Deferred Compensation Plan. Establish a “Split-Dollar” insurance program for your executives. Consider a creative match for your 401(k). Add a New Comparability section to your 401(k). Develop a Cash-Balance Defined Benefit Plan. Offer Financial Planning to your key managers. Present a paid advanced education plan for your... Continue Reading

Stepping out of a business is a formidable challenge, fraught with emotional and pragmatic hurdles. After all, when you have poured everything into building something, it’s an almost impossible undertaking to leave it all behind. In this episode, Elliot Kallen brings on Laurie Barkman, author of The Business Transition Handbook, to discuss the intricate journey every entrepreneur faces: the path from birthing a business idea to the emotional and pragmatic challenges of selling and transitioning into retirement. They discuss the essential role of an advisor, the hazards of not being adequately... Continue Reading

Even for today’s most financially savvy retirees, the journey to retirement can be much like navigating a labyrinthine maze. With a multitude of financial instruments, ever-changing regulations, and an unpredictable economic landscape, plotting a course to a secure retirement can seem daunting. Enter the Retirement Income Specialist, your compass in this intricate terrain, ensuring you not only find your way but thrive in your golden years. What is a Retirement Income Specialist? A retirement income specialist is a financial professional who focuses specifically on helping clients create,... Continue Reading

Elliot Kallen, CEO of Prosperity Financial Group in Northern California, has become an unstoppable force in teen suicide prevention and mental health awareness. A Brighter Day, founded in 2015 after the tragic loss of his teenage son, Jake, is helping parents and teens across the country. Saying that a financial advisor only deals with money may be the biggest misconception of the century. In fact, Elliot Kallen would tell you his wealth management firm is all about the people behind the portfolios. Prosperity Financial Group goes above and beyond in the services they offer not just because... Continue Reading

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In this episode, Elliot Kallen brings on Laurie Barkman to discuss the intricate journey every entrepreneur faces: the path from birthing a business idea to the emotional and pragmatic challenges of selling and transitioning into retirement. They discuss the essential role of an advisor, the hazards of not being adequately prepared for transitions, and the significance of charitable considerations post-sale.  Meet Our Guest Laurie Barkman Author | M&A Advisor | Award Winning Podcaster & Speaker  Laurie earned an MBA from Carnegie Mellon University Tepper School of Business... Continue Reading

I remember the days when creating a financial plan was a cumbersome process, involving countless hours of assembling paperwork and collaborating with individuals who input information without truly understanding who you were. Once this phase was complete, the plan was handed off to an advisor. Typically, such plans, spanning about a hundred pages, would just sit on your night table or desk, with you barely making it past the third page. Essential Components of Financial Plans Not so today! Financial planning has evolved into an interactive necessity for everyone. Here, I will share with you the... Continue Reading

October is a pivotal month for companies as it marks the onset of open enrollment periods for employee benefits for the coming year. It’s a time when employees assess and modify their benefit selections, making it an optimal time for employers to reevaluate and refine their 401(k) offerings. By focusing on diversity and quality in investment options and employing strategic communication, companies can foster a robust and appealing 401(k) plan, driving employee satisfaction and retention. The Importance of Diverse and Quality Investment Options Crafting a Rich 401(k) Investment Menu Diverse and... Continue Reading

Investors today are increasingly anxious about the equity and bond markets. Can we blame them, given the constant barrage of information from 24/7 news outlets such as Fox Business, CNBC, local radio, TV, and print publications? It’s not uncommon for morning commentators from Fox Business and CNBC to be completely at odds with their afternoon counterparts. Adding to the confusion, many media outlets have recognized that negative news tends to attract more viewers, listeners, and readers. This increased viewership in turn lures in more advertisers. Put bluntly, negative news often generates more... Continue Reading

As our world becomes increasingly characterized by rapid financial evolution, the realm of private equity and hedge products has become a hotspot for accredited investors. But why does this domain capture such attention? And how does it offer opportunities that often eclipse traditional investment avenues? The Exclusivity of Private Equity Private equity (PE) is an alternative investment form that involves capital not listed on a public exchange Private equity, at its core, is all about direct investments into private companies. Instead of buying shares of a publicly traded company on the stock... Continue Reading