Savoy’s Post

In the realm of private clubs, the importance of robust financial leadership cannot be overstated. Michelle Riklan discusses considerations that drive the financial reassessment trend. #ClubTrends #ClubManagement #ClubLeadership https://lnkd.in/g4tWFgJh

🌟 A Journey from Mentorship to Lasting Friendship 🌟 Eleven years ago, as CFO, I had the privilege of guiding and mentoring many bright individuals. Among them was Lesya, a young professional whose zeal and potential were unmistakably promising. Fast forward to today, and it's with immense pride I share that Lesya Platzer has ascended to the role of CFO at Rauch in the US. Her journey, marked by relentless dedication and skill, is a beacon of professional excellence. Our recent reunion in Vienna, after months since she moved to Arizona, was more than a catch-up between former colleagues; it was a celebration of a friendship that has stood the test of time and distance. Seeing Lesya thrive in her career, mirroring the path I once walked, is profoundly gratifying. Her success story is a testament to the power of mentorship and the lasting impact it can have. But, more importantly, it's a reminder of how professional relationships can evolve into deep, enduring friendships. As we shared stories and insights from our respective journeys, the connection that sparked over a shared passion for finance years ago was as strong as ever. Lesya's rise to CFO is not just a personal triumph but a shared joy for both of us. Here's to the remarkable journeys that start with professional mentorship and blossom into lifelong friendships! #CareerSuccess #CFOJourney #ProfessionalFriendship #FinanceLeaders

In the 2024 Q-2 edition of the "From The President's Chair" Quarterly Update, JGUA President & Chief Operating Officer Jason Nickerson, CFP®, EA sits down to discuss the start of 2024, his message heading into Q-2, his biggest takeaways from Q-1, a leadership change in the Rhinebeck branch and more! Check out the full interview using this link: https://lnkd.in/gzwXv7-7 #WealthManagement #FinancialPlanning #Finance #FinancialAdvisor #President #COO #CertifiedFinancialPlanner #EnrolledAgent #QuarterlyUpdate #CommunityEducation #FinancialEducation

Please help me celebrate my brother, Gilberto Garcia, MBA, RICP®, UACIC, CLTC®, on this well deserved recognition! He strives (and succeeds) to move the needle forward on knowledge, impact, and change for our clients’ financial stability, security, and freedom. #Finance #Wealth #Planning #Impact #FinancialSecutity

Great insights Devon Henry! Here are a few that has helped me: -Health and Wellness: It’s crucial to be aware of how board responsibilities may impact your personal health and wellness journey. Serving on a board should complement, not compromise, your wellbeing. -Balancing Commitments: Assess the board’s active periods and compare them with the busy seasons in your full-time role. It’s important to ensure that these do not conflict, allowing you to be fully present and effective in both capacities. -Technological Support: In today’s digital age, inquire about the technology and tools the board uses. Efficient technology can enhance your ability to contribute effectively and manage responsibilities alongside your other commitments. -Organizational Culture and Communication: Understanding the culture and communication dynamics of the board and its members is essential. This knowledge can help you integrate more smoothly and contribute more meaningfully.

Hats off to the NABA INC. Planning committee and everyone who played a role in curating such an inspiring week at the 2024 NABA convention. So honored to have been part of the delegation that represented the CLA (CliftonLarsonAllen) family at this years convention. My heart is full and my spirit energized! As I reflect on the week that was, I am inspired and challenged to be a part of the solution that will improve and increase diversity and representation in the accounting profession. Key takeaways from the conference that really fed my soul: 1. Embrace your power and own your story. 2. There is nothing more powerful than what follows “I am….”. How do you define yourself? What are the stories you are telling yourself? 3. Do you have your personal board of directors? Key ones to have- A mentor, a banker, an attorney and an accountant (CPA). My additional personal favorite- a therapist! 4. The power of relationships. Invest in relationships. 5. AI is here to stay. Lean in. Embrace it. Master it. Let it create opportunities for you! 6. Embrace your weaknesses and lean in to them. If you don’t practice what you are not good at, you cannot get better! 7. Be a part of the FLOW! Foster Leadership Opportunities and Wealth! #NABAFlow

Congratulations to Lance Rainey, CFO at Brock ISD, for being honored with the 2024 RISE Award by TASBO! Read more about his journey and contributions in our latest blog post:

There are only a few days left to submit nominations for ABF Journal's Best Companies in Specialty Finance list. If you think your company is one of the industry's leaders, make sure to get your nomination in by this Friday! Nominate Now: https://lnkd.in/ew97CYf5 Expanding on our Most Innovative Companies feature, this list will honor the top organizations across the specialty finance ecosystem, whether they be asset-based lenders, factors, turnaround firms, service providers or anything in between, in the following five categories: - DE&I - Innovation - Industry Advocacy - Leadership - Professional Development Winners will be selected for each category based on reader nominations, input from the ABF Journal editorial advisory board and our own editorial team.   The deadline to nominate is March 22. #abfj #bestcompanies #diveristy #equality #inclusion #innovation #advocate #leadership #professionaldevelopment #nominatenow

📊 Unlocking Financial Strategies: Shohei Ohtani's Bold Move 📈 In the world of sports and finance, we often witness groundbreaking decisions that impact both industries. Shohei Ohtani, the baseball sensation, recently made headlines with a historic 10-year, $700 million contract. However, the real game-changer lies in the details of how he structured his deal. As both a baseball fan and a financial professional deeply immersed in the nuances of wealth management, I find Ohtani's approach fascinating. A Strategic Deconstruction of Ohtani's Deal • Deferred Millions, Calculated Gains: Ohtani's decision to defer $68 million from his annual $70 million salary with the Los Angeles Dodgers is a masterclass in financial planning. This strategic move eases the team's immediate payroll burden, showcasing the power of long-term financial strategy. • Beyond Short-Term Gains: Deferring over 97% of his earnings until 2034-2043 serves multiple purposes, supporting the Dodgers in signing key players and aligning with Ohtani's substantial off-the-field earnings, estimated at over $45 million annually through endorsements. Tax Dynamics and Potential Relocation • Tax Efficiency in Focus: Ohtani's strategy from a tax perspective is noteworthy. While his annual salary is $70 million, the cost towards the Dodgers' competitive balance tax payroll is around $46 million after each season. This maneuver allows the team to remain competitive while managing tax implications. • Potential Tax Benefits: It's worth noting that, should Ohtani relocate from California, the tax dynamics could shift, adding an intriguing layer to the financial narrative. This introduces the possibility of tax efficiency, adding another dimension to Ohtani's calculated financial move. Intriguing Lessons and Collective Impact • Beyond Payroll Dynamics: Ohtani's strategic move isn't merely about payroll dynamics. It's a calculated decision with potential tax benefits and long-term financial stability in mind. • Inspiration for Individual Planning: This prompts reflection: How can financial strategies from the world of sports inspire our personal planning? What lessons can we learn from Ohtani's approach to deferred income and long-term financial success? Share your thoughts on Ohtani's contract structure in the comments! #FinancialStrategy #InvestmentPlanning #SportsFinance #ShoheiOhtani #LongTermPlanning P.S. Enjoy this pic of me at a Phillies playoff game this past season! Despite Ohtani and the Dodgers' huge win, remember there's only one win that truly matters - and that's the Phillies bringing home the 2024 World Series title 🤣