Tag: Wealth Management
Episode Title: Section 351 Exchanges Explained: Simplifying Concentrated Stock Positions with Jack Vogel (Ep. 12)

Episode Title: Section 351 Exchanges Explained: Simplifying Concentrated Stock Positions with Jack Vogel (Ep. 12)

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What do you do when your biggest investment win becomes your biggest portfolio risk?

In this episode of the G360 Wealth Podcast, Sam Diarbakerly sits down with Jack Vogel, Co-CIO of Alpha Architect, to unpack one of the most powerful yet underutilized tools in the tax code: the Section 351 exchange. For investors holding highly appreciated, concentrated stock positions, diversification can feel costly and complicated. Jack walks through how a 351 exchange works, who it may be appropriate for, and how it may help simplify portfolios without immediately triggering capital gains taxes, subject to meeting IRS requirements.

They also explore how this strategy compares to exchange funds and direct indexing, where it fits within a broader wealth plan, and why simplification often leads to better long-term outcomes.

What to expect:

  • A clear breakdown of what a Section 351 exchange is and how it works
  • The diversification rules required to qualify
  • How 351 exchanges compare to exchange funds and direct indexing
  • Why simplifying a complex portfolio may improve clarity and coordination
  • And more!

Resources:

Connect with Sam Diarbakerly: 

Connect with Jack Vogel:

About our Guest:

Jack Vogel is Co-Chief Investment Officer at Alpha Architect, where he oversees investment strategy and ETF development. Since co-founding the firm in 2010, Jack has helped build multiple business lines, including ETF operations, 1042 solutions for ESOP transactions, and Section 351 exchange strategies. His work focuses on delivering disciplined, research-driven investment solutions while helping advisors and investors navigate complex portfolio challenges with greater tax awareness and structural efficiency.

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Your Concentrated Stock Fix: Long-Short Direct Indexing with Jeff Murphy (Ep. 10)

Your Concentrated Stock Fix: Long-Short Direct Indexing with Jeff Murphy (Ep. 10)

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Managing a concentrated stock position or preparing for a significant tax year can create complex planning decisions. This episode outlines a practical framework for using direct indexing to support diversification, reduce concentrated exposure, and prepare for liquidity events in a controlled and tax-aware way.

Rex Berger speaks with Jeff Murphy, Market Leader at Invesco, about how direct indexing works and why it has become a useful approach for handling concentrated stock, navigating equity-based compensation, and identifying tax opportunities within a portfolio. They discuss the differences between long-only and long-short structures, how tax loss harvesting functions in real portfolios, and how tracking error fits into overall portfolio design. The conversation includes examples relevant to business owners, corporate executives, and families managing long-term embedded gains.

What to expect:

  • How direct indexing builds index exposure while allowing for customization
  • Why tax loss harvesting can be a valuable planning tool
  • How long-short direct indexing helps investors with concentrated stock
  • Examples of preparing for liquidity events and reducing tax pressure

Connect with Rex Berger: 

Connect with Jeff Murphy:

About our Guest:

Jeff Murphy is a market leader at Invesco with deep expertise in direct indexing, portfolio construction, and tax-sensitive investment strategies. He works closely with advisors across the country to help clients navigate concentrated stock positions, liquidity events, and the evolving world of personalized indexing.

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How to Manage a Concentrated Stock Position Without Losing Your Edge (Ep. 8)

How to Manage a Concentrated Stock Position Without Losing Your Edge (Ep. 8)

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Concentrated stock positions can supercharge wealth creation or quietly threaten it. Rex and Sam break down the proven strategies that help you diversify smartly and protect your financial plan.

In this episode of the G360 Wealth Podcast, hosts Rex Berger and Samuel Diarbakerly unpack one of the most common and complex challenges for corporate executives and high-net-worth families: managing a concentrated stock position. Sam shares how these positions form, the risks they create, and the smart, tax-efficient strategies clients can use to diversify without losing hard-earned gains.

Through real-world examples and expert insights, Rex and Sam explore techniques like direct indexing, hedging, exchange funds, and charitable gifting to help listeners turn a concentrated holding into a more balanced and resilient portfolio. It’s an essential guide for anyone with significant equity exposure who wants to de-risk strategically and preserve long-term wealth.

What to expect:

  • The biggest risks of holding a concentrated stock position
  • How to diversify tax-efficiently using direct indexing and hedging
  • When exchange funds or charitable giving strategies make sense
  • Why planning first (before selling) can protect more than returns
  • And more!

Resources:

Connect with Sam Diarbakerly: 

Connect with Rex Berger: 

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Innovation, Discipline, and the Future of Private Markets with Christopher Zook (Ep. 7)

Innovation, Discipline, and the Future of Private Markets with Christopher Zook (Ep. 7)

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How do discipline, innovation, and access to opportunity shape the future of wealth?

In this episode of the G360 Wealth Podcast, Sam Diarbakerly sits down with Christopher Zook, Founder and Chairman of CAZ Investments. They discuss health as a foundation for leadership, democratizing access to private investments, and why innovation is critical for advisors and families today. 

Christopher also shares his approach to evaluating thousands of opportunities each year and the role of GP stakes in building resilient portfolios.

Christopher discusses:

  • Why personal discipline in health and routines strengthens decision-making in business and investing
  • The “20 billion in 20 years” goal at CAZ and how it aligns the firm and investors toward meaningful impact
  • The democratization of private investments and why access matters for more families today
  • The importance of innovation in alternatives, GP stakes, and thematic investing strategies
  • How families can teach the next generation about wealth through philanthropy, structured conversations, and real-life investment examples
  • And more!

Resources:

Connect with Sam Diarbakerly: 

Connect with Christopher Zook:

About Our Guest:

Christopher Zook is the Founder, Chairman, and Chief Investment Officer of CAZ Investments. He has more than 30 years of experience investing in both traditional and alternative asset classes. Christopher recently co-authored “The Holy Grail of Investing,” with Tony Robbins, which became a #1 New York Times Bestseller. Christopher was honored with the Texas Alternative Investments Association’s (TAIA) Lifetime Achievement Award in recognition of his contribution and sustained support of the industry in Texas. He is a regular contributor to major media outlets, including CNBC, Fox Business, and Bloomberg. Prior to starting CAZ Investments in 2001, Christopher served in senior leadership positions with Oppenheimer, Prudential Securities, Lehman Brothers, and Paine Webber.

Christopher is actively involved in public policy and frequently serves as a resource to state and local officials. In 2019, Christopher was appointed by the Governor to serve on the State of Texas Pension Review Board, where he chairs the Investment Committee. He also served two terms as a member of the Greater Houston Partnership’s Executive Committee and is a past President of the “C” Club of Houston.

Christopher is a graduate of Texas Tech University, where he was honored as a Distinguished Alumni. A lifelong Houstonian, he is a former Vice-Chairman of the Deacons and served for more than a decade on the Finance Committee at Second Baptist Church. He has held leadership positions on a variety of charitable boards, including his current role on the board of Elizabeth Ruth’s Home, an organization serving adults with autism. Christopher previously served as President of the Board of Trustees of Avondale House and President of The Children’s Fund. He is a proud father to Christopher, Jr. (and daughter-in-law, Cecelia Zook, grandson “Tripp” and granddaughter Madelyn) and husband to his high school sweetheart, Lisa.

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Generation Capital Advisors: A better way to manage wealth (Ep. 1)

Generation Capital Advisors: A better way to manage wealth (Ep. 1)

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Most wealth problems are not caused by one bad investment; they come from complexity that never gets cleaned up.

In this episode, Matt Ackerman hosts a conversation with Samuel Diarbakerly to talk about why “simplification is the ultimate form of sophistication,” and what it actually takes to make wealth management feel clear, coordinated, and human. Samuel Diarbakerly shares how Generation Capital Advisors was built to deliver family-office-level coordination without the typical ultra-high minimums. They walk through the firm’s planning-first process, why most people cannot even find their existing financial plan, and how the right team can quarterback tax, estate, investments, insurance, and client service as one connected strategy. The conversation also covers the “core and explore” portfolio structure, using technology and selective AI thoughtfully, and building a generational firm culture rooted in partnership and kindness.

What to expect:

  • Why simplification can be a competitive advantage in wealth management
  • The difference between investment management and holistic planning leadership
  • “Core and explore” portfolios, endowment-style simplicity, and purposeful complexity
  • How strong advisors coordinate CPA, estate attorney, and planning conversations
  • The generational question families quietly worry about most
  • Where technology, cybersecurity, and AI fit, and where they should not
  • Why Integrated Partners became the operational backbone for Generation Capital’s growth
  • And more!

Connect with Sam Diarbakerly: 

Connect with Matt Ackerman:

About our Guest:

Matt Ackerman is a leader at Integrated Partners and the episode host. He guides a candid conversation with Samuel Diarbakerly on how modern advisory firms can combine high-touch service, thoughtful technology, and disciplined planning to help families simplify complexity and stay focused on what matters most.

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