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Episode 54 – BlockHash: Exploring the Blockchain – The Power of Infinite Banking – Part 2

Asset Protection, Be Your Own Bank, Debt Reduction, Financial Independence, Financial Planning, Mindset, Tax-free Wealth, Velocity of Money, Wealth Planning
August 21, 2023

View Source | View Transcripts
Free E-Book

No matter how well-versed you are in the world of cryptocurrency, “infinite banking concepts” are being hailed as the ultimate banking solution.

Private Banking Strategies® will safeguard your assets with unwavering security, assuring you that their value will only soar higher and never experience a drop.

In this episode, Seth Hicks, Esq. delves into the power of whole life insurance, shedding light on how it can revolutionize your financial journey and guaranteed prosperity across all your investments.

Seth discusses:

  • Why the banking system is not a safe place for your investments.
  • The best boutique brokerage for crypto investors to hold crypto currency.
  • How to avoid taxation crypto investments – legally.
  • And more

Podcast Transcripts

[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again. Vance and Seth help high net worth individuals, families, business owners, and investors structure and asset protected fortress for their families.

[00:00:21] Intro: Learn how to keep what you earn and use the velocity of money. To create your own private banking system. Join us on this journey as we explore the secret strategies of the rich and political elite and help you take total control of your financial security now onto the show.

[00:00:48] Host: Welcome back to another episode of Block Hash Exploring Blockchain, part two of our episodes here with Seth Hicks, the COO of private banking strategies. Seth, welcome back on How you doing?

[00:00:59] Seth Hicks Esq.: Hey, [00:01:00] thanks Brandon. Thanks for having me back. Glad to be here, man. Appreciate your invitation and really looking forward to talking about stuff today.

[00:01:07] Host: Likewise. For anyone watching, if you didn’t see the last episode, go check it out. We talked about Seth and his background. We talked about private banking strategies and their seven pillars and what they are most focused on, and trying to preserve wealth, build wealth, save your wealth, and invest your wealth, and really a good, you know, 10,000 foot overview for a lot of people.

[00:01:29] Host: This episode is gonna be a little bit more hyper-focused. We’re gonna talk about the F-D-I-C-A little bit, and the concern that they don’t have the ability to really actually back the deposits you have and a bit of the coverup that they’re doing around this. And I think it’s important for people to know.

[00:01:46] Host: Seth, do you wanna kind of lead us into it? I can pull up the. The, the article as well.

[00:01:51] Seth Hicks Esq.: Sure. Yeah, absolutely. Well, yeah, th this kind of focuses our discussion point on pillar number one of private banking [00:02:00] strategies, which is asset protection. And I mean, a fundamental concern should be for folks who have cash and.

[00:02:08] Seth Hicks Esq.: Centralized banks is, is it really safe there? And we discussed a little bit and touched on in the first part of our podcast about, you know, how centralized banks engage in fractionalized lending, how 90% of your deposit is actually loaned out without you making any money on it. And there’s a reserve of.

[00:02:31] Seth Hicks Esq.: 10% or less kept in the bank in the event that you want your money out. So they pull, you know, 10 people’s $10,000 if you come in and want your a hundred thousand out. And they’re banking on the fact that not everybody comes and wants their money out. At the same time, that’s when, but when people do, that’s called the bank run.

[00:02:52] Seth Hicks Esq.: The consumers lost confidence in the bank and they go and they want their money out before they lose it. Well, you know, the next [00:03:00] level of argument always is, well, it’s FDIC insured up to $250,000. You know, some of our clients have a lot more than $250,000 in in accounts. Which is not insured, but I think the insurance is a nonsensical anyway, and the first, you know, clue that I had to, that Brandon was when I read an article by a Harvard economics professor, and Harvard is generally a kind of a left leaning institution.

[00:03:32] Seth Hicks Esq.: It’s mm-hmm. Certainly, you know. Recently more like that. So to find a, a Harvard economics professor saying that, no, the banking system is not a pla safe place for your cash, for your money was eye-opening. And I paid attention to what he said. He had a million bucks in cash and I think he, I don’t recall exactly which bank, and I don’t wanna smear any particular bank because they’re all equally culpable, [00:04:00] frankly.

[00:04:00] Seth Hicks Esq.: But he. Did the math on the deposits in the banking system. And currently, you know, as of this last year, the end of the fourth quarter, there were 23 trillion, and, I’m sorry, 20 trillion in cash deposits across American banking institutions. And the FDIC on a good day may have a hundred billion on its balance sheet, so 20 trillion.

[00:04:29] Seth Hicks Esq.: In deposits and a hundred billion to back those deposits. It’s, it’s dismally insufficient. And when you do the math, we’re talking about less than a penny in actual ability to make good on those deposits. That’s just simply not a safe place to keep your cash. And that’s what Terry Burnham, the Harvard Economics professor concluded.

[00:04:52] Seth Hicks Esq.: And, and that’s why folks should, you know, begin to look for other alternatives regarding that Now. [00:05:00] We touched a little bit about fractional reserve banking and derivative lending. We talked about those things, and when you and I talk about it, Brandon, people go, oh, interesting. Okay. But when the FDI see’s special committee.

[00:05:15] Seth Hicks Esq.: The, the, the thought leaders, the, and the con, the actual controlling authorities in the FDIC say it themselves.

[00:05:24] Outro: Mm-hmm.

[00:05:25] Seth Hicks Esq.: You should be paying attention. So I hit you with this article that was published last quarter, 2022, and blew my mind. I, I watched this video multiple times to make sure I actually heard and understood correctly what they were saying because they were saying that.

[00:05:45] Seth Hicks Esq.: Hey, everybody in this room understands the FDIC is insolvent, but the general public should not and cannot know. That fact or it will lead to unintended consequences [00:06:00] and, you know, what are those unintended consequences? Well, catastrophic failure is, is one of them, a complete collapse of confidence in the banking system, which for someone who’s educating themselves, they should already be aware of, and they should be looking for alternative places to store their cash.

[00:06:19] Seth Hicks Esq.: And, you know, it’s, it’s, it’s a travesty that we’ve got leaders and pretenders trying to deceive the public into thinking that the banking system is safe when they know it’s not, and when they know that people are gonna get hurt. I mean, what do you think about that?

[00:06:38] Host: No, absolutely. And not just the ordinary people too, but innovation and tech startups and venture capitalists.

[00:06:44] Host: Like with SVV, with Silicon Valley Bank, when it went under, that was a very well known VC bank and that, that has hurt innovation in the US tremendously because that was, that was very important for funding a lot of these startups to come outta Silicon Valley, especially on the West [00:07:00] Coast and the United States.

[00:07:00] Host: And you know, it’s been systemic since. But it’s very scary that you can see a bank like that that is, is popular and is well trusted that just doesn’t have the deposits when people go into the bank. And I think it was also, if I’m correct about this, it was exacerbated because the bank had invested a lot of those deposits as well into US treasuries.

[00:07:21] Host: And because of the nature of US treasuries being inversely related to. Treasury rates and rates being raised, it also decreased the value of those. So now they’d have less money and they can’t fund the deposits, and the bank is just completely insolvent. And I think we mentioned last episode, you know, some of these execs knew ahead of time this was gonna happen and they took their precautions and measures.

[00:07:44] Host: I think the executives for Silicon Valley Bank are being investigated right now because they were pulling their money out and selling their stock. Like a week before this happens. It’s, it’s these, it’s like these people have, it’s criminal. It is criminal. And, and they have [00:08:00] no desire to tell the general public or anyone that has their money there, you know, this is gonna happen or even put out a cautionary process.

[00:08:08] Host: You know, they just, you know, they’re thinking about themselves. You know, this is a big, I don’t wanna throw all the banks under the bus. Not all banks are bad, but I mean. It, it’s a big scheme in a lot of ways. You know, they take your money, they lend it out, they make money off of you. They don’t really offer you much in return.

[00:08:24] Host: And it, and it sucks when everyone wants to go get their money back. Um, right. You know, ’cause if we all wanna do it at the same time, it’s not there. And, and that’s exactly what we’re, what we’re going through right now. Mid-size cap banks are being eaten a lot. Eaten up by the big banks, by JP Morgan, bank of America.

[00:08:40] Host: You know, the few that actually have money right now. But it, it, it can’t continue at this rate, and that’s why the F-D-C-F-D-I-C had that meeting, you know, it’s because they don’t want people to panic, because if people do panic. You know, it leads to this issue, so they want to sweep it under the rug as much as possible.

[00:08:57] Seth Hicks Esq.: Yeah, that’s right. And, and, but it was [00:09:00] shocking to me to actually see that that was published. You, you know, and I thought, is this secret, you know, secret camera, or is this some type of leak? You know, but it, it wasn’t. It was almost like, it was just shocking. Like I said, I had to listen to things two and three times to actually digest it.

[00:09:18] Seth Hicks Esq.: And I mean, there’s direct quotes that that, that I outlined. One of them was, you’ve gotta think of the unintended consequences of taking a public that has more faith, full faith and confidence in the banking system than the people in this room do. As one FDIC member noted. And that’s in the article that we’re, we’re gonna link to this podcast so people can watch this for themselves.

[00:09:41] Seth Hicks Esq.: So they’re saying, you know, we all know at this table who control the FDIC, that this is an insolvent system. We can’t back the deposits that are made, and how do we control this information? How do we deceive people into believing that it still [00:10:00] should be trusted, that they should still should leave their cash in the banks?

[00:10:05] Seth Hicks Esq.: And they, they specifically talked about controlling the narrative and social media and as there were absolutely going to be bank failures in the on. On the horizon, which they predicted. And there was Silicon Valley Bank, signature Bank. You know, they, they predicted this. And many people are saying that that’s only the beginning, that there’s gonna be more bank failures.

[00:10:27] Seth Hicks Esq.: And because of the system, the, the system of economics that this is built on of spending and fractionalized banking, derivative lending, it cannot sustain itself. It cannot. Prosper and in every society and culture that this form of economics has been implemented, it has failed. And so people have to see the handwriting on the wall and, you know, take measures to protect themselves.

[00:10:58] Seth Hicks Esq.: Mm-hmm. Uh, and there are, [00:11:00] there are alternatives. There are options. And statistics show that even if a minority, a strong minority of Americans bank in a different fashion, like. Through life insurance contracts or through cryptocurrency or metals or all of those things that it, the entire system won’t implode.

[00:11:19] Seth Hicks Esq.: But when you’ve got a massive majority adoption and people that keep their head stuck in the sand and don’t want to see. The, the truth of the matter which the FDIC acknowledges, then you’ve got, you’ve only got yourself to blame, you know?

[00:11:38] Host: Absolutely. And I think there’s a lot of people looking for those alternatives right now.

[00:11:42] Host: When SBV went down Gold Treasuries inflows for gold treasuries were the highest. They were in years. Like 800, you know, million dollars in like a single day, like flowing into, into gold and gold treasury equivalents as well as into Bitcoin. A lot of people are [00:12:00] looking for alternatives to protect their wealth right now.

[00:12:03] Host: And not just retail investors, but people that have a lot of money that, you know, traditionally rely on these systems. The banking industry is just way too. Fragile at the moment with Jerome Powell and his, his happy trigger finger with with a, with rates. And so I wanna talk about that too. You know, maybe there’s alternatives for people that want to store their money.

[00:12:22] Host: Maybe they want to keep investing it, maybe they wanna save it, maybe they wanna compound it, whatever it is, but they want to get away from the banks a little bit just because they’re not stable. And at the same time, maybe they want something that’s more. Friendly to them, more privacy oriented. You know, something that isn’t gonna make their life such a hassle every single day.

[00:12:41] Host: You know, what are you doing with your money? What are you spending it on? Why didn’t you report this or that, or you know, whatever the case may be. Let’s talk about that a little bit too, because you had mentioned some of some options to me.

[00:12:52] Seth Hicks Esq.: Absolutely. In part one, we touched upon the private banking strategies structure and the cornerstone of [00:13:00] that is a whole life insurance contract that’s particularly structured and negotiated with a very select group of different companies that engage in private banking transactions, which mean you, you bring, you can put money in and take money out and it grows and compounds.

[00:13:20] Seth Hicks Esq.: Inside that system tax free. And like we said, when you put money in, the insurance company doesn’t raise their hand and issue you any type of tax documentation that says, we’ve received this. And when you pull the money out, they don’t raise their hand or issue any reports. It’s financially private. Many of the ultra wealthy in in America have used this.

[00:13:44] Seth Hicks Esq.: Private banking contract for decades. The likes of John F. Kennedy, Nixon, you’ve got franchises like Ray Crock who created McDonald’s, JC Penney’s was created off of this system and structure. You’ve got so, [00:14:00] so many entrepreneurs and ultra wealthy that are in the know and understand how to use this, that it’s really a no brainer.

[00:14:09] Seth Hicks Esq.: And in fact, the Internal Revenue Code has a specific section. 77 0 2, which carves out the ins and outs of these transactions. So that’s why it’s a financially private transaction. You, there is no reporting on this now, unlike a retirement. Program where you’ve got a 401k and you decide, Hey, I want to take this money out, but it’s early.

[00:14:33] Seth Hicks Esq.: You’re gonna get a penalty for taking money out early. You’re gonna get a penalty for taking it out too late, and you’re gonna pay taxes no matter when you take it out. Mm-hmm. You’re gonna be taxed. And that is very different than the private banking strategies model. Where there is financial privacy, there is no tax event with the monies in or out.

[00:14:56] Seth Hicks Esq.: And you’ve got all that growth that compounds year after [00:15:00] year, uh, with no risk. There is no risk of it going backwards. So, you know, to me the safest place on Earth is in for cash is in a life insurance contract. Mm-hmm. And we talked a little bit about how. There is no derivative lending. There is no fractionalized reserve.

[00:15:17] Seth Hicks Esq.: They are absolutely one-to-one on the balance sheet, and every dollar that’s put in is accounted for, and there’s been no failure since the inception of the country with this methodology through the Great Depression, through the Civil War. Through every other economic downturn, including including the, you know, 2008 mortgage crisis depression, so to speak.

[00:15:42] Seth Hicks Esq.: They paid dividends and there was an increase in value, never a decrease. So that’s the safest place for cash. And then I’ll just add to that, when you actually use. Your cash that’s in your banking system, in these life insurance contracts to go and [00:16:00] invest wisely, rather, like we talked about with Ethereum and, and staking it, or whether it’s a real estate property or you wanna start a business and you’re, that you’re successful with, you’re amplifying.

[00:16:12] Seth Hicks Esq.: That, that wealth curve, you’re amplifying your ability to grow that wealth curve rather than just on a wing and a prayer hoping the banking system doesn’t collapse on you because you know it. That that’s a fool’s game. That’s a fool’s game to just slit your money in a bank account. Mm-hmm. Where it doesn’t earn any money.

[00:16:32] Seth Hicks Esq.: I mean, you’ve got almost negative interest rates and fees, even for the ultra wealthy. There’s no incentive to leaving it there, and there’s just such better alternatives that you can’t, you can’t ignore them. At this point,

[00:16:46] Outro: did that story feel like it was about you? Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like?

[00:16:56] Outro: Do you feel you should be making more progress toward your [00:17:00] financial goals? Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please call private banking strategies at eight one seven two hundred. Four seven. Seven seven or visit us at www.privatebankingstrategies.com.

[00:17:23] Host: There’s a lot of people too, you know, that want these options, but they want it with crypto too. Like they really want to get outside of traditional finance. And I know that you guys have a relationship with a really good international boutique bro brokerage. Can you talk a little bit about what that consists of and maybe what some of the benefits are there for people that might want to also diversify into, into Bitcoin or crypto?

[00:17:47] Seth Hicks Esq.: Absolutely. Yeah, we’ve there. So, you know, traditional, the, the problem I guess that I, as I would, you know, relate it Brandon, would be for traditional exchanges such as [00:18:00] Coinbase, Binance, Gemini. And some of ’em that have fallen by the wayside, you know, there’s been multiple problems is are, are your coins safe on those exchanges?

[00:18:12] Seth Hicks Esq.: Even for brief periods of time. And some people have gotten burned leaving them on there and not putting them on their own, uh, their own wallets. I’m, I’m one

[00:18:20] Host: of those people. It’s happened to me before.

[00:18:22] Seth Hicks Esq.: Because, you know, you don’t want the inconvenience sometimes of like having to deal with it and you’re thinking, ah, you know, it’s, it’s safe and you don’t pull it off and you get burned.

[00:18:31] Seth Hicks Esq.: And probably like most people that have been, you know, in crypto for five years or more, you’ve probably gotten burned with some exchange that you didn’t get stuff off of. I know. I, I have and as well, and so. Now look, they created Coinbase. Well, that’s a lot more of like a gold standard for sure. And they’re not absconding with people’s coins or, you know, fly by night.

[00:18:58] Seth Hicks Esq.: But there are some [00:19:00] significant drawbacks. In the last bull run when adoption started to swell, people couldn’t create accounts and Coinbase restricted that flow into their account creation And, and new people who want, who were just. FOMO ING could not get in because it was restricted. It was, it was this bandwidth, you know, when there was this much demand on it, and so they, they had locked that down.

[00:19:25] Seth Hicks Esq.: Then on top of that, you had all of these restrictions with how much you could purchase or sell and how much USD you could pull in from your bank account. Into your Coinbase and people missed, you know, things that they, that they wanted to take advantage of. They wanted opportunities that they couldn’t take advantage of, and they were locked out and they couldn’t realize those opportunities.

[00:19:48] Seth Hicks Esq.: Well, with this boutique brokerage, there is no. Barrier as regards to a ceiling of how much you can purchase or how much you can sell. We’ve been working with them [00:20:00] for over, uh, six years, going on seven years, and have had them holding tens of millions of dollars in USD without a glitch, had them. Holding tens of millions of dollars in cryptocurrency across various client accounts, never had one single hiccup.

[00:20:18] Seth Hicks Esq.: You have a dedicated account manager who can you email? Say, Hey, I wanna purchase this. They let you know that they’ve got it, they’re gonna implement the trade and give you a confirmation, and it’s, it’s done. Mm-hmm. It’s a white glove surface that you is just not paralleled anywhere else. And. Here’s an important one too that I, that I gets into some touchy subject matter, which is with tax issues.

[00:20:44] Seth Hicks Esq.: Mm-hmm. Okay. Everybody knows that Coinbase was subpoenaed by the IRS and basically bullied into giving client information up and they refused and they went back and forth, but ultimately they gave up client information at a [00:21:00] certain threshold. So everybody who’s used Coinbase has now been, you know, disclosed and divulged to the, to the IRS.

[00:21:08] Seth Hicks Esq.: And there is no specific bright line laws on these topics regarding the taxation of cryptocurrency. And we have clients that choose to do take certain, uh, strategies and others that take different strategies. And that’s I, you know, according to their own comfort level. But we have lots of clients that, that are taking the position with legal counsel and with that they’re not going to pay taxes on cryptocurrency trades or, or.

[00:21:37] Seth Hicks Esq.: Gains. Mm-hmm. And one of the things about this boutique, boutique brokerage is that they’re under no obligation to report the transactions. And so they don’t raise their hand and, and tell anyone, Hey, you know, we’ve, this, this person is traded this amount of crypto, or liquidated, or here’s their account, uh, portfolio or their account records.

[00:21:59] Seth Hicks Esq.: [00:22:00] None of that. Is a compliance obligation of this entity. Thus many folks who are fighting the tax battles and trying to minimize or totally eliminate their tax, so-called tax liabilities with crypto and just with, generally with income, uh, they, they want to use private firms. They want to use private mm-hmm.

[00:22:23] Seth Hicks Esq.: Brokerages that enable them to transact that business in a financially private way. So. I mean, that’s a mouthful, but what follow up questions do you have about that? ’cause there’s, there’s a lot of value to Yeah. To brokerage.

[00:22:38] Host: Yeah. I, I do a couple things before that. First off, for those in the audience, please talk to your accountant and your CPA and don’t just not pay the IRS, you know, be, be smart.

[00:22:48] Host: Like, these are stories, people that have put in, you know, a lot of thought and time into the decisions they’re making. That have proper guidance, that have, you know, quite a bit of money deployed at these things. So [00:23:00] don’t just not pay your taxes, you know, you know, do everything legally, but understand the legal options you have and the processes and your liberties and, and go about it accordingly.

[00:23:10] Host: And then just real quickly, I have a story too. I, I had like five or 600 Litecoin, like seven or eight years ago, a long time ago on an exchange, some random exchange. And the, the owners of that exchange I found out, like shortly after, had been laundering all the money and whatnot, and so they went to jail, got arrested, and the exchange got shut down and, and lost those funds.

[00:23:35] Host: Very, very unfortunate situation. So I, I definitely can kind of relate to a lot of people out there that have a little bit of insecurity with the way things are going, especially in the US with Coin and Binance and Coinbase being attacked and bit having to go under God bit has been around forever. It’s like an OG exchange in the us so there’s a lot of uncertainty.

[00:23:57] Host: And these are really good options, like the boutique exchange that [00:24:00] Seth is talking about. And make sure to do your due diligence on it and look into it, make sure it’s the right option for you. But these are good alternatives. If you really want to kind of get away from some of the problems that are festering right now, especially in the United States, if someone wants to set up an account, if they want to, you know, get something under their belt, do should they go through you with this process?

[00:24:22] Host: Should they contact them directly? What? What’s like the path forward?

[00:24:26] Seth Hicks Esq.: Yeah, we’ve got a special relationship with, with them and we help our clients set up accounts if they so choose. And generally, you know, people want to, to, to create accounts in, in the form of entities and manage those entities and there’s reasons and structures for that.

[00:24:45] Seth Hicks Esq.: So many times we will set up entity structure. On the accounts and help them facilitate that. You know, the, the pros of, of this type of service are that you, you’ve got a [00:25:00] legal leg to stand on and you’ve got the, the ability of, of counsel with you. And so that’s. People can choose their own path and they can obviously do their own things.

[00:25:12] Seth Hicks Esq.: It’s kind of like legal zoom. Do you, you know, sophisticated people don’t form their LLCs on legal Zoom, and there’s a lot of reasons for that. So you need to have a team of experts around you. And sophisticated counsels is one of those things. And this is, this is boutique especially applies for those who are wanting that type of white glove service and that want to be able to, you know, ping their account manager and say, I want, you know, want to make this trade.

[00:25:43] Seth Hicks Esq.: Now, they don’t have to log into exchanges. They don’t have to do anything special. They don’t, you know, you don’t hit any roadblocks within that. They’re not cut off. Place a million dollar trade or a $10 million trade, the brokerage can do that and without a hitch. [00:26:00] So, and I think, frankly, man, as we encounter this next bull run, there’s gonna be a table rush, so to speak.

[00:26:08] Seth Hicks Esq.: There’s gonna be mm-hmm. People trying to push in and you know, you don’t want to be caught out. When, when the train’s moving, you want to be on the train. So the time to set the things up is, is now. And be glad to have discussions with folks about this. So when they hit us up on that, on our website or whatever, and they, they can put a little comment in there, Hey, I’d like to talk to Seth about the brokerage or something like that.

[00:26:34] Seth Hicks Esq.: And then, we’ll, I’ll know that they’ll want to have a discussion about that and I’d be glad to help them. But there’s no obligation. Uh, you know, and there’s no cost to them to set that up. Uh, that’s an important fact. You know, it’s like, well, how much does this cost? If we utilize you, you, you don’t, but we have an established relationship that’s born the, the test of time over.

[00:26:56] Seth Hicks Esq.: Closing in on seven years. So we have some [00:27:00] preferential treatment. We have access to authorities within that brokerage that other common folks don’t have. We have the ability to pull trades and, and do some things that other folks don’t have access to do,

[00:27:15] Host: for sure. What if someone wanted to set up one of these brokerage accounts with like a business entity or they wanna do it with a trust?

[00:27:22] Host: Do they have options to maybe go down that pathway as as well and maybe set up. Maybe a more well structured system.

[00:27:29] Seth Hicks Esq.: Yeah, you got it. You nailed it right on the head. Absolutely. That they’re, they’re able to use the trust implementation, and that’s what most of the clients prefer to do is utilize a, a trust for the, the account setups.

[00:27:44] Seth Hicks Esq.: And I mean, I think. Most sophisticated traders are trying to migrate away from personal ownership of those accounts and doing it in official capacities and their asset protection [00:28:00] reasons. There are other structural benefits to doing it that way, which are valuable. Mm-hmm.

[00:28:08] Host: Very cool. Awesome. Yeah, so we’ll put some links in description for this specifically as well.

[00:28:13] Host: If people want to learn more about this boutique brokerage, if they wanna talk to you, Seth, and kind of figure out how to set this up as well as maybe they wanna chat about what’s going on with the FDIC and bank deposit’s a huge issue right now. I’m sure people have a lot of questions and I’m, and I believe this is an episode we probably could expand even longer if we really needed to.

[00:28:30] Host: So many things to talk about. But no, thank you for taking the time, coming back on and discussing. Something that’s very important right now in the US and I think concerns that a lot of investors have big and small.

[00:28:43] Seth Hicks Esq.: Yeah, absolutely. My pleasure. And I’ll, I’ll just reiterate like we did on the, the first part that the, the ebook that we offer, it addresses some of these issues about banks not being a safe place to store cash, how there’s alternatives, how you want [00:29:00] to capture compounding growth, which you can capture and, and policies and so on.

[00:29:05] Seth Hicks Esq.: Folks, you know, hit us up and come to our website. We, that free book offer, you can read it or listen to it. It’s what the banks don’t want you to know and. You listen or to that, and if that resonates with you, listen to a few podcasts that we’ve produced and there’s topics that are outlined and and titled there that meet different, you know, aspects of what we’re talking about.

[00:29:28] Seth Hicks Esq.: And if that’s resonating with you, then from there you can schedule an exploratory call where we lay out the systems for you. But I mean, I guess the main, the summary point on this part is that for cash assets, cash. Value that you have under your control. You don’t want to store that in centralized banks, and you want to find alternatives that are safe and that are growing and compounding that you can use and [00:30:00] utilize to create financial freedom in your life.

[00:30:03] Host: Absolutely. Should I just go to the website to get ahold of the ebook and to listen to some of those episodes?

[00:30:09] Seth Hicks Esq.: Exactly, yeah. It’s private banking strategies.com. It’s so private banking strategies IE s.com and therein you. You’ll see the free book offer pop up, and you can, like I said, listen to it or read it, download it, read it at your leisure.

[00:30:26] Seth Hicks Esq.: Some people, you know, are, are readers and more people in, in growing up today are listeners. They’re gonna listen to things on the move. So we wanted to make that easy enough for folks to. Digest, and either way, and then we’re gonna send you valuable content that continues to explain some of these issues and, and email campaigns.

[00:30:46] Seth Hicks Esq.: But most folks want to dive into specific topics that are outlined in the podcast. And, and, and, you know, we have the, the, a lot of binging, a lot of binging going on, right? So we tried to make it easy for [00:31:00] folks to really get in. And if you haven’t heard of these things before, a lot of times it’s like, I, I, you know, you’re on that.

[00:31:06] Seth Hicks Esq.: You’re, you’re on a curve to really dig in. So we’ve tried to make that available for folks to be able to do.

[00:31:13] Host: Awesome. Yeah, we’ll have everything again in the description for the episode and we’ll share it directly with as many people as we can. So guys, make sure to go check that stuff out. And Seth, thank you for coming back on.

[00:31:24] Host: I really appreciate the time that you take to do this. It’s a very informative, I’m sure for a lot of people and helps some out with, with this issue. So thank you. Yeah,

[00:31:31] Outro: my pleasure. Brandon, did that story feel like it was about you? Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like?

[00:31:43] Outro: Do you feel you should be making more progress toward your financial goals? Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please call private banking strategies at [00:32:00] (817) 200-4777 or visit us at www private banking strategies com.

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A bank vault being open with gold light shining through the crack
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A bank vault opened with gold light shining through the opening
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