A High-Caliber and Inspiring Advanced Tax & Wealth Strategist with Innovative Ideas
Globally, the requirement for advanced tax and wealth management strategists has been rapidly growing. As businesses and individuals struggle for stronger financial security and operational productivity, the demand for skilled strategists to navigate this complication has also increased. It’s difficult to discover top-notch tax & wealth strategists. This void is filled by a remarkable individual whose dedication and hard work are key drivers behind their success.
Ryan K. Foncannon (MBA, CWPA®), Managing Partner at S.W.A.N. Virtual Family Office (VFO), serves as an excellent example of an advanced tax and wealth strategist. His expertise blends high-level financial strategy with in-depth tax planning, focusing on creating sustainable financial success for clients. Ryan has played a key role in aiding individuals and businesses to improve their financial growth and achieve long-lasting financial stability.
As a magnificent conceptual thinker, Ryan’s firm has access to over 100+ specialists who are considered the best-in-class in their field. No organization in the country matches their exceptional thinking and strategic planning. Their ability to bring the best solutions and options to the table for the client is second to none. They can identify Swiss Army knife solutions that can solve more than one problem for the client that they did not know existed before.
S.W.A.N. Virtual Family Office (VFO) is a multidisciplinary firm that contains six fundamental aspects that benefit in providing a comprehensive and universal approach to managing wealth and safeguarding financial security. These six pillars are banking & financing, business advisory, legal, advanced tax planning, insurance, & private wealth management.
A Venturesome Initiative for Growth
There is an interesting story behind the inspiration for Ryan’s specialization in advanced tax and wealth strategy. He kept seeing billionaires pay little to zero taxes and knew there was a way to do so. He set out to bring the high impact strategies from Wall Street to Main Street America.
He recognized that there is enough tax revenue, and that the government is just not spending it correctly. After talking to numerous tax professionals and so-called advanced tax planning groups, he set out to find the strategies the elite are using to pay little to no taxes in October 2011.
He read multiple books, attended numerous webinars, joined tax planning groups, went to conferences, networked with industry professionals on all sides to bring the best-in-class advanced tax reduction strategies to the table for his clients that are high wage W-2 earners, business owners, and/or clients that have a realized capital gain of $1 million+ in a given year.
Comprehensive Essential Expertise in Advanced Planning
Being at the head of the list, the organization provides a ton of services. These services are exceptional and come across in those six pillars of advanced planning.
- Financing: Banking solutions & loans, mortgages, real estate investment, asset-backed lending, SBA lending, interest-only loans to be applied in combination with an advanced tax planning strategy & additional categories of business financing.
- Tax: Traditional adherence filing, tax resolution, tax planning, advanced tax planning for high-wage W-2 earnings, business owners, and capital gains events to defer, mitigate, and eliminate the federal and state taxes. Also greatly reducing bookkeeping costs with their white-label AI partner.
- Legal: According to Ryan, they are not attorneys, but they have access to many kinds of attorneys. Their service can provide basic entity and estate planning. Top-notch attorneys dealing with international entity optimization, tax, estate planning, asset protection, risk management, etc.
- Insurance: The firm has access to entire carriers that accept independent agents to lead businesses with them. The insurance offerings include but are not restricted to health, group health, short-term major medical, property & casualty (P&C), life, private placement life insurance (PPLI), premium financed life, Medicare & Medicaid plans, disability for an individual or group, short-term and/or long-term DI, annuity, long-term care, dental, vision, hearing, prescription, captive, captive alternative, alternative risk transfer, lowering malpractice insurance & other insurances via advanced planning techniques.
- Business Advisory: Lowering labor costs via tax credits, lowering non-labor costs via cost reduction planning by upwards of 20-40%+, and advising new companies to capture all the local, state, and federal deductions & credits they can qualify for. Advising internationally, especially for companies that export, in addition to making them more competitive with little-known strategies. Lowering property taxes. Capturing all the energy-efficient tax deductions & credits.
- Private Wealth Management: Ryan’s firm has an RIA (Registered Investment Advisor) of the future, today. They have access to numerous alternative investments that are run through a tough due diligence process. One of his business partners is a former FINRA regulator. Furthermore, Ryan mentioned that they also have access to numerous pre-IPO investments that can be impossible to discover anywhere else.
Preparation for Forthcoming Encounters
Every industry requires evolution. According to Ryan, in the upcoming 1-3 years, artificial intelligence (AI) is going to be an extremely crucial factor. Remarkably, artificial intelligence will especially positively impact the six pillars (financing, tax, legal, insurance, business advisory, and private wealth management) of advanced planning.
In all these areas, AI fosters productivity, lowers human error, permits personalized services, and provides deeper insights, making it an invaluable tool for augmenting and streamlining these six pillars of advanced planning. And most importantly, blending them will be challenging for AI.
Combining machine learning with the advanced planning they do across the 6 pillars of advanced planning will be crucial for the competitive advantages they are seeking. In truth, it will minimize the competition and create an exceptionality.
Potential Objectives for S.W.A.N. VFO
Currently, S.W.A.N. VFO is working on internal growth. It aims to become a well-known name, specifically in the advanced tax planning space. Benefit from increasing brand recognition, attracting an extensive client base, and positioning them as experts in the tax strategy, eventually driving growth and success for the firm.
The major plan is to provide detailed information and instructions about the VFO structure. This will involve personal advisory services. The aim behind this is to create a community where everyone can have an advantage by bringing clients in and earning rewards like revenue sharing, finder’s fees, or referral fees.
He also stated that the arrangement is ongoing and will consist of various professionals like tax professionals, attorneys, business brokers, financial advisors, insurance agents, etc. This expertise will help to motivate each other and encourage colleagues to take certain actions by offering rewards or benefits. Ryan emphasizes that “high tides raise all ships.”
Recognized Expertise in Tax and Wealth Strategies
S.W.A.N. VFO has been honored as the Top Tax & Wealth Strategist in the country by the International Association of Top Professionals (IAOTP). This recognition reflects the firm’s dedication to delivering comprehensive financial strategies that align with the unique needs of each client.
Under the leadership of Ryan, the firm provides tailored solutions that enable clients to reduce tax liabilities through legally recognized deductions and tax credits that are often overlooked. By implementing specialized strategies, S.W.A.N. VFO ensures that individuals and businesses can retain more of their wealth while remaining fully compliant with tax regulations. This commitment to financial efficiency and strategic planning sets the firm apart in the industry.
Difficulty Turned into Victory
Working in a high position will bring many obstacles. Similarly, Ryan also faced numerous challenges in this journey. However, before the pandemic, Ryan rebranded themselves as Virtual Family Office (VFO). At that time, people were not comfortable with virtual meetings. Ryan mentioned that they weren’t seeing the value in conducting virtual meetings. Later, unfortunately, people in the world faced a pandemic. He also added, “The pandemic hits, and grandmothers are hopping on FaceTime or Zoom to see their friends and grandkids.” They were lucky enough to overcome this situation.
Achieving Harmony: Balancing Professional and Private Life
Whether at home or in the office, focus should be maintained and delivered efficiently. Ryan’s dedication and organizational skills allowed him to successfully balance his work and personal life. Based on Ryan’s account, he learned to be present in the moment. Especially when it comes to spending quality time with his wife. It’s difficult to disconnect during a heavy workload, but Ryan works to do it. In his words, “It was a bumpy road getting to this point, but I have learned how to do that and be ready for ‘us’ time. She is a saint and deserves a statue somewhere.”
The Influence of Mentorship and His Wife
He has connected with a lot of fantastic tax professional, financial, attorney, and business advisors over the years in various industries. Ryan mentors several tax professionals across the county and internationally in his mastermind group. His VFO is used as back-office support to analyze the numbers, educate the tax professional & client, and most importantly implement whatever strategy or strategies that are agreed upon to move forward.
But his biggest influence is his wife. “She brings a cool hand and a calm voice to all the noise,” said Ryan. His secure zone is his better half, who has always strengthened him. Her involvement has shaped both his past and his future.
A Nugget of Wisdom
In his magnificent journey, Ryan had massive achievements and a few failures along the way. Ryan advises aspiring professionals who are on the path to building a career in finance, tax strategy, or wealth management to never stop learning and always stay curious.
Like Ryan, by staying curious, you can discover and learn numerous things. Ryan considers himself a rare bird that can preserve a pretty good amount of information. He also explained the strategy behind the mastering. First, he masters one thing, then shifts focus to the next thing to master.
To remain in the game as well ahead, do necessary things like reading books, attending CE webinars, and getting into it by taking fascinating subjects. Moreover, attend conferences, which allow you to meet new people. He asserted, “You will make a whole lot more money from strangers than you will from friends and family.”
