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Black Point Capital Partners’ Craig Murrin Shares Insights on Financial Planning for Brits in America on Vegas Business Spotlight Podcast

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Black Point Capital Partners’ Craig Murrin Shares Insights on Financial Planning for Brits in America on Vegas Business Spotlight Podcast

Published on February 19, 2024

In the latest episode of Vegas Business Spotlight, Craig Murrin, Founder of Black Point Capital Partners, discusses his journey in the financial planning sector and the unique challenges and opportunities he has encountered in serving the British community in America.

In the latest episode of Vegas Business Spotlight, Craig Murrin, Founder of Black Point Capital Partners, discusses his journey in the financial planning sector and the unique challenges and opportunities he has encountered in serving the British community in America. The episode sheds light on the importance of understanding the financial footprint of Brits living in the United States and offers valuable insights for those seeking expert advice in navigating their financial planning needs.

Vegas Business Spotlight, the podcast that illuminates the vibrant business landscape of Las Vegas, is proud to feature Craig Murrin, Founder of Black Point Capital Partners, in its latest episode. Host Tim Nifton engages in an in-depth conversation with Murrin, exploring his extensive experience in the financial planning sector and his deep understanding of the unique needs of Brits residing in the United States.

Originally from Bristol, UK, Murrin has had a diverse and successful career in the financial planning industry. With a global reach and wealth of experience, he brings a different level of expertise to the table. Murrin’s international background and work with expats in the Middle East have equipped him with a deep understanding of the challenges faced by Brits living in America.

Murrin’s passion for helping Brits understand their British financial footprint in the US sets him apart from other financial advisors. He specializes in guiding clients through the complexities of managing their British pensions, investments, and retirement plans while living abroad. Murrin’s expertise fills a crucial gap in the market, ensuring that Brits receive tailored financial advice that takes into account their unique circumstances.

One of the key insights Murrin shares in the episode is the importance of networking. He emphasizes the value of building meaningful relationships and actively seeking opportunities to help others. Murrin believes that networking is essential for business growth and advises entrepreneurs to focus on giving selflessly. By genuinely listening to others’ needs and actively seeking ways to assist, entrepreneurs can expand their network and create valuable connections.

Murrin’s commitment to giving back extends beyond his professional endeavors. He actively supports animal welfare organizations, with a particular focus on the Nevada SPCA. Murrin believes in being the voice for animals and ensuring they receive the care and support they need.

Reflecting on his own journey, Murrin shares a mantra that has guided him throughout his career: “No matter what happens, every day will keep coming, and you’ve just gotta rise above it and work through it.” This positive outlook has helped him overcome challenges and maintain a resilient mindset.

In addition to his financial planning services, Murrin is excited to announce an upcoming webinar on November 11th, which will focus on helping clients reduce future taxes. The webinar aims to provide a platform for individuals to ask questions and gain valuable financial planning insights. Murrin’s dedication to educating and assisting his clients sets him apart as a trusted advisor in the industry.

The Vegas Business Spotlight podcast continues to bring the brightest minds and success stories from Las Vegas’ bustling business scene. Listeners can expect to be inspired by the stories of entrepreneurs who have turned dreams into reality on this iconic stage. To listen to the full episode featuring Craig Murrin and gain valuable insights into financial planning for Brits in America, visit Vegas Business Spotlight’s website or subscribe to the podcast on your favorite platform.

https://www.blackpointcp.com/

About Vegas Business Spotlight:
Vegas Business Spotlight is a podcast that explores the vibrant business landscape of Las Vegas, featuring interviews with entrepreneurs, industry leaders, and success stories from the city. Hosted by Tim Knifton, the podcast offers valuable insights, strategies, and inspiration for businesses and individuals looking to make their mark in the City of Lights.

About The Show Sponsor:
“Vegas Business Spotlight” podcast is proudly sponsored by RSVP Advertising Las Vegas, your premier direct mail postcard service in the heart of Las Vegas. With a commitment to delivering outstanding results and effective marketing solutions, RSVP Las Vegas specializes in helping businesses connect with their target audience through direct mail.

Visit their website at RSVPLasVegas.com to explore the range of direct mail services they offer. From designing eye-catching postcards to precisely targeting your desired audience, RSVP Las Vegas has your direct mail marketing needs covered. Their team of experts is dedicated to helping your business make a lasting impression and drive results.

Whether you’re launching a new marketing campaign, promoting a special offer, or aiming to boost brand awareness, RSVP Las Vegas is your trusted partner in direct mail marketing success. Contact them at (725) 333-8660, and their knowledgeable team will be ready to assist you.

Experience the power of effective direct mail marketing with RSVP Las Vegas. Trust their expertise and enjoy the benefits of reaching your audience directly. Visit their website or give them a call today to start your next successful marketing campaign with RSVP Las Vegas, your premier direct mail postcard service in Las Vegas

ttps://www.rsvpadvertising.com/las-vegas

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Business Insurance

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Business Insurance

Published on April 11, 2024

Rhett Chambers discusses the strategic use of business insurance to secure loans. 

Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-business-insurance/

Business insurance, particularly term life insurance, can be a valuable tool for business owners seeking to grow their business by using it as collateral for loans. Rhett Chambers, the founder of Rhett Chambers Financial Services, emphasized how term life insurance can secure loans and provide mutual protection for both the business owner and the lending institution.

Term life insurance is often the preferred choice for collateralizing loans due to its affordability relative to the coverage amount needed. By aligning the term of the insurance policy with the loan term, business owners can keep costs low while meeting the lender’s requirements. This strategic approach allows businesses to access necessary funds for growth without incurring excessive expenses.

One key benefit of using term life insurance as collateral is its flexibility. Business owners can adjust the policy to match the loan balance, freeing up benefits for other purposes as the loan is paid down. This flexibility not only supports the business’s financial needs but also enhances the borrower’s creditworthiness, potentially leading to larger loan amounts or more favorable terms.

Moreover, using term life insurance as collateral provides a layer of protection for both the bank and the borrower in unforeseen circumstances such as the borrower’s death or severe illness. The insurance benefits can be used to pay off the loan immediately, safeguarding the business, the borrower’s estate, and their family from financial burdens.

Rhett shared: One of the big components of the decision-making process for the business owner is cost. If we’re looking at a very short loan, you know, a five-year loan or a 10-year loan, there’s no reason to do a very long term, for example, of 20 years or 30 years, because that’s going to generate a higher cost. So, we can craft the plan to match up with the terms of the loan and in doing that, keep the cost as low as possible, which is oftentimes, very important for the business owner.”

A real-life example shared by Rhett illustrated how a business owner leveraged term life insurance as collateral for real estate investments, building trust with local banks, expanding his portfolio, and ensuring his family’s financial security. This case exemplifies how term life insurance can be a linchpin in securing loans and unlocking opportunities for business growth.

 

About Rhett Chambers

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.

Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.

Rhett, a devoted family man with a wife and three children, considers his career’s essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches’ children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization’s achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients’ evolving needs.

Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/

Recent news and interviews:

  • Rhett Chambers Discusses Key Person Insurance:

https://authoritypresswire.com/rhett-chambers-founder-of-rhett-chambers-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-key-person-insurance/

  • Rhett Chambers Discusses Buy-Sell Agreement Strategies:

https://authoritypresswire.com/rhett-chambers-founder-of-rhett-chambers-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-buy-sell-agreement-strategies/

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Buy-Sell Agreement Strategies

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Buy-Sell Agreement Strategies

Published on April 10, 2024

Rhett Chambers discusses buy-sell agreements: strategies for business continuity. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-buy-sell-agreement-strategies/ 

Buy-sell agreements are essential for maintaining the continuity and stability of businesses, especially partnerships and closely held corporations. As discussed in the podcast episode, these agreements are crucial tools that outline the procedures in case an owner unexpectedly leaves the business due to death, incapacity, or retirement.

Rhett highlighted that buy-sell agreements provide a structured plan for ownership transition, giving businesses confidence in maintaining continuity during unforeseen events. By clearly defining the transfer of ownership procedures, these agreements help mitigate conflicts and uncertainties that may arise during transitions.

The episode also stressed the importance of regularly reviewing and updating buy-sell agreements to ensure they reflect the current business value and owner needs accurately. Failure to update these agreements can lead to discrepancies in funding and coverage, potentially jeopardizing ownership transitions and the business’s financial stability.

Rhett explained: “The buy-sell agreement acts in a different capacity in the sense that it is designed to, for example, fund the ability to compensate the surviving family for their part of the ownership that they will otherwise inherit from the death of an owner.”

In conclusion, buy-sell agreements act as crucial safeguards for businesses, offering a structured framework for ownership transitions and ensuring operational effectiveness during unexpected events. Understanding the significance of these agreements, along with regular reviews and updates, can protect business interests and secure the enterprise’s future.

Regularly reviewing and updating buy-sell agreements is vital for businesses, especially as the business value appreciates and grows. Failing to review these agreements can lead to issues like underfunding in case of an owner’s unexpected departure.

 

About Rhett Chambers

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.

Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.

Rhett, a devoted family man with a wife and three children, considers his career’s essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches’ children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization’s achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients’ evolving needs.

Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/

Recent news and interviews:

  • Rhett Chambers Discusses Key Person Insurance:

https://authoritypresswire.com/rhett-chambers-founder-of-rhett-chambers-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-key-person-insurance/

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Key Person Insurance

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Key Person Insurance

Published on April 9, 2024

Rhett Chambers discusses insights into key person insurance. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-key-person-insurance/ 

Key person insurance is a crucial aspect of financial planning for businesses of all sizes, not limited to large corporations. In a podcast episode featuring Rhett Chambers, the founder of Rhett Chambers Financial Services, he stresses the importance of key person insurance for businesses of all scales. Rhett explains that this insurance can benefit partnerships, sole proprietorships, and even small businesses with just one owner and one employee. It is designed to shield the business from the financial impact of losing a key employee due to death, illness, or disability.

Rhett shares an example of a partnership between two attorneys, where one fell critically ill. The key person insurance plan owned by the law firm injected cash into the business, providing reassurance to the partners that financial stability would be maintained during the partner’s illness. This example illustrates how key person insurance can be crucial in ensuring business continuity and financial stability, regardless of the business’s size.

Moreover, Rhett dispels the misconception that only large corporations need key person insurance. He clarifies that businesses of all sizes can benefit from this planning. In the case of a sole proprietorship, the insurance can be structured to protect the family and the business separately. By setting up key person insurance where the business owns the policy, pays the premiums, and is the beneficiary, businesses of any size can have complete control over the coverage and benefits.

Rhett explained: “A key person insurance can be designed in a multitude of ways, which gives protection to the business in the event that they lose this performance by the key person. Also, the key person insurance would be almost an immediate cash influx to the business. And this gives peace of mind to the business owners and to the other workers at the business that, during this period of time, while we try to recover, we’re going to be in a better position to take our time and make good, informed decisions.”

 

About Rhett Chambers

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.

Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.

Rhett, a devoted family man with a wife and three children, considers his career’s essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches’ children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization’s achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients’ evolving needs.

Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/

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