Member Spotlight

Johnne Syverson is interviewd by Eric L. Reiner in the September 2005 issue of Financial Advisor Magazine. In the article titled “Philanthropic Planning: It's Not For Everyone” The International Association of Advisors in Philanthropy is also recognized for the role it plays in helping professional advisors learn more about philanthropic planning.

Excerpt:

“Maybe you haven't heard this one: Why are you-and more importantly, every one of your clients-philanthropists? Give up? Because you pay taxes. 'We call that involuntary philanthropy, when taxes recycle a portion of your wealth back into society,' says financial advisor Johnne Syverson with a wry, knowing smile.”

“And why shouldn't he be pleased? His firm, Syverson, Strege, Sandager & Company of West Des Moines, Iowa, recently landed a $6-million-net-worth client because of its reputation in philanthropic planning, the niche that helps individuals gain control over the tranche of their wealth that exceeds what they and their family need. 'Social capital is the part of your wealth that you don't get to keep anyway' because of taxation, he adds, fully aware that the concept will become critical to the conversation in a few moments.”

Read the article.