Tag Archives: #FinancialLiteracy

Episode 227 – Inside a Century of Wealth Stewardship with Matt McCarte

Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized, , , , , , , , , , ,

Matt McCarte is the Managing Director and Head of Wealth Management of Pitcairn: a century-old family office located in suburban Philadelphia with $8.3 billion in assets under advisement. 

In this episode, we explore Pitcairn’s approach to wealth management and the strategies behind guiding ultra-high net worth families in preserving their legacy. 

 

Topics Discussed:

  • The history of Pitcairn and its century-old roots.
  • The unique shared single-family office model of Pitcairn, emphasizing holistic wealth management with services like investment advisory, estate planning, and family engagement.
  • The firm’s approach centered on educating families about financial literacy and preserving their legacy across generations, focusing on transparency and personalized estate planning.
  • Engaging the rising generation within families to ensure a smooth transition of wealth and values.
  • Pitcairn’s ownership structure, being owned by the Pitcairn family, employees, and a client family, which aligns the firm’s interests closely with those of its clients.
  • Hiring at Pitcairn focusing on finding employees with both technical expertise and high emotional intelligence, essential for building long-term, trusted relationships with clients.

 

Resources: 

Pitcairn

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Episode 187 – From Campus to Corporation: Athletes’ Financial Futures with Chase Johnson

Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized, , , , , , , ,

Chase Johnson is the Wealth Director of Fiduciary Trust International, a wealth management firm founded with a singular focus on growing and protecting your wealth through generations.

In this podcast, Chase walks us through the changing landscape of college sports with the implementation of NIL (Name, Image, and Likeness) regulations, allowing athletes to profit from their image and endorsements.

They also discussed:

  • The impact of NIL on athletes, including high-profile examples like Caleb Williams and Shedeur Sanders in commercial deals.
  • The need for financial guidance in this new era for athletes.
  • The nature of NIL activities, including endorsement deals, sponsorships, social media promotions, and appearances for college athletes.
  • Tax implications for NIL income, with a focus on self-employment taxes and the importance of tracking expenses.
  • The importance of partnering with the right advisors and setting up a financial plan for athletes and their families.
  • The evolution of athletes into entities themselves, crossing over into business and corporate ventures.
  • The importance of financial literacy for athletes and their education about building financial security.
  • The uncertain regulatory landscape and challenges faced by athletes and the NCAA in navigating NIL deals.

 

Resources: 

Fiduciary Trust International

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