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LiveCA with Chad Davis (Co-Founder) | EP35

Ep. 35

During this 35th episode of the Fintech Impact podcast, Jason Pereira interviews Chad Davis, the Co-Founder of LiveCA, which is an accounting firm rather than a fintech. What makes LiveCA an excellent company to talk about on Fintech Impact is that it is a next generation company with no fixed address, it has about 60 employees from all around the world, and it communicates and renders their service offers using a number of technology tools and fintech tools—some that have been featured on previous episodes of this show.


●01:31 – LiveCA focuses on providing clients with technology and tax services.

●03:01 – Chad, his wife, and their children used to live in the Cayman Islands.

●05:51 – LiveCA have about 50-60 people working remotely without any central office.

●09:07 – Slack, Zoom, the Google suite of apps, Collage, and Humi are some of the tech tools for communication and human resources.

●10:10 – LiveCA offers tax, standard year-end work, United States consulting, mergers, treasury and accounts payable, bookkeeping, and aggregating multiple digital payment services.

●14:27 – You have to have key people that believe in what you do.

●16:33 – The 80% or 90% of LiveCA ex-employees that have left tend to move on to competitors or start their own firms.

●17:27 – You need support and controlled growth to not overextend too fast.

●20:00 – Living in an RV with his family and being flexible allows him to “grow smart.”

●22:20 – Chad Davis is excited about moving into a trainer role and creating opportunities for the team to try new things in a supported environment.


3 Key Points:


1. Services that LiveCA Tax, standard year-end work, Unite States consulting, mergers, treasury and accounts payable, bookkeeping, and aggregating multiple digital payment services.

2. Xero is an accounting system that LiveCA prefers.

3. Controlled growth is important to avoid watering down your services and spreading your value too thin.


Tweetable Quotes:


-“At the end of the day, we just put ourselves in everybody’s shoes.” – Chad Davis

-“We just try to remove the risk of people saying ‘yes’ to working with us. We start removing things like set-up fees and hourly rates, the conversations just start flowing really naturally” – Chad Davis

-“For us, that in-person social interaction with cues that you see in body language and tone, you really can’t see when you are working virtually.” – Chad Davis


Resources Mentioned:


LinkedIn – Jason Pereira’s LinkedIn

Facebook – Jason Pereira’s Facebook

Woodgate Financial – Website for Woodgate Financial

Chad Davis – LinkedIn for Chad Davis

LiveCA LLP– Website for LiveCA LLP

@ChadDavis – Twitter for Chad Davis

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Ep. 108
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Limelight Health with Garrett Viggers (Co-Founder) | E107

Ep. 107
Summary:In this 107th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Garrett Viggers. Co-Founder at Limelight Health, a company that is working to digitize the entire experience of insurance applications from start to finish. Garrett Viggers talks about how Limelight Health got started, obstacles in getting the industry to accept innovation, and not trying to be a one-stop solution for everything.Episode Highlights:● 00:08: – Check out JasonPereira.ca to sign up for the newsletter and notifications.● 00:51: – Garrett Viggers describes Limelight Health.● 02:07: – What really drove the foundation of Limelight Health?● 04:35: – How did his first experiences go with insurance companies trying to show them that there is a better way?● 11:16: – Limelight Health is not overextending itself to try to be a policy admin system, CRM, or an enrollment platform.● 11:54: – Are they running into the ‘one magic bullet solution’ syndrome in the insurance world?● 14:56: – It is important to understand the ecosystem.● 16:14: – What is causing the pushback from admins?● 18:12: – What have been the success stories?● 20:41: – The strategy to make things difficult is not a winning strategy.● 27:12: – Jason shares a common podcast saying, ‘The reason that fintech exists is because traditional carriers allowed it to exist.”● 33:21: – What would Garrett change in his business or his industry?● 36:40: – What has been the biggest challenge in his business?● 39:44: – What is the most exciting thing Garrett Viggers is working on?3 Key Points1. Streamlining down to one tech solution has negative effects such as increasing risk not getting a great solution and needs not being met.2. Getting broker admins to accept online enrollment instead of paper is of high value.3. You can’t build your experience for the naysayers who want to operate the way they did 20 years ago.Tweetable Quotes:● “We are really focused on new business renewals and making that a beautiful experience for group products & group carriers working with their distribution partners.” – Garrett Viggers● “We started with medical. We went from phone, iPad, to full desktop because the feedback was, ‘Hey, does it work on Internet Explorer 6?’ We were thinking, can you just use Google Chrome?’” – Garrett Viggers● “We realised that we have to solve the carrier’s problem so they can actually best serve their brokers.” – Garrett ViggersResources Mentioned:● Facebook – Jason Pereira’s● LinkedIn – Jason Pereira’s● FintechImpact.co – Website● JasonPereira.ca – Website● Linkedin –GarrettViggers● Limelight Health – WebsiteFull Transcript
1/28/2020

Utrust with Filipe Castro (CIO) | E106

Ep. 106
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