If you’re a law firm owner who feels like you’re working harder but keeping less, this conversation is going to hit home.
Bridgit Norris sits down with Frank Rekas, a CPFA with 34 years in financial services who serves as a “Personal CFO” to attorneys and has earned the nickname “The Tax Whisperer.”
Frank’s not just another advisor—he’s built a systematic approach to help lawyers minimize taxes, protect assets, and grow wealth with purpose.
From uncovering hidden leaks in your finances to strategies for building generational wealth, Frank reveals why winging it with your money is costing you more than you realize.
Stick around, because this episode gives you the clarity and confidence to finally make your money work as hard as you do.
Key Takeaways from Bridgit and Frank:
1. Stop Winging It With Your Finances
Many attorneys bring in strong revenue but fail to track or plan their money, leaving them vulnerable to overspending, missed deductions, and tax surprises.
Building even small proactive systems gives you control instead of chaos.
2. Proactive Tax Planning Beats Reactive Returns
Most CPAs look backwards, filing returns instead of helping clients plan ahead.
Frank stresses the value of collaborating with proactive tax professionals who align entity structure, retirement contributions, and deductions to keep more money in your pocket.
3. The Right Retirement Plan Unlocks Big Savings
A simple 401(k) often isn’t enough for high-earning attorneys.
Leveraging cash balance or defined benefit plans can allow six-figure contributions, creating massive tax savings while building long-term wealth.
4. Protect and Pass on Generational Wealth
Through approaches like the Rockefeller method, life insurance can be more than protection—it can become a tool for passing down wealth across generations and putting your heirs in a stronger financial position than you started with.
5. The First Step Is Deciding to Act
Whether you’re new or twenty years into practice, it’s never too late to put the right plans in place.
Progress starts with one intentional step—like a 30-minute call with an advisor—to begin turning scattered finances into a strategy.
"Every decision has a consequence—even not doing something is a decision." — Frank Rekas
Get in touch with Frank:
Website: https://palmwealthpartners.com/
Email: frank@palmwealthpartners.com
LinkedIn: https://www.linkedin.com/in/frankrekas/
Book time to meet with Frank
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