The Sain Wealth Management Group

Smart wealth management typically begins with a sound financial plan.

Over the years, I’ve found that many new clients are either unhappy with their current plan or it’s outdated. In some cases, the client may not even have a plan. So, financial planning will be a point of emphasis during my first conversation with a client.

Depending on your specific circumstances and needs, we may discuss a range of topics, such as asset management, estate planning, alternative investments, lending products or business succession planning. With my extensive experience in fixed-income assets, we may also consider this as part of your plan.

But, in reality, each plan is different because each client is different. However, tax management should be a cornerstone of every financial plan—especially for those living in California with the highest state tax rates in the nation.
After we establish your plan, I’ll review it each year and we’ll meet annually to discuss your progress. As markets change and life evolves, adjustments may be needed to help keep your plan on track.

I’m happy to consult with your other trusted advisors—such as a CPA, attorney or business manager—to better ensure you have a cohesive, complementary plan that addresses your entire financial picture. Doing so may also relieve you of some of the burden of communicating any changes to each advisor.

Many people in the outside world think the entertainment industry is glamorous. After advising individuals working in this field— including actors, musicians, writers, directors, producers, film editors and other professionals— for the past three decades, I know it’s a difficult industry that presents unique financial challenges for clients.

Perhaps it’s a married couple who both work on a project basis. While they may be doing well financially, they may go through lengthy periods without generating any income. And yet they still face many of the same pressures as salaried employees with steady paychecks, such as paying their mortgage, providing for their family, funding a child’s college education, dealing with high tax rates or financially assisting their elderly parents.

Or maybe it’s an affluent industry veteran who financially supports foundations, charities or other laudable causes who may occasionally face liquidity issues and need to sell some assets in a tax-efficient, fiscally responsible manner.

Or it could be an emerging talent who’s experiencing a large increase in income and is struggling with how to keep their current expenditures in check while prudently investing for the future.

With my extensive industry experience, I’ve successfully navigated entertainment clients through many wealth management scenarios. This often includes developing thoughtfully designed financial plans structured to take into account the variances involved with the industry, while creating workable budgets for the near term and long term. I advise both younger entertainment professionals as well as those nearing or in retirement.

Additionally, as a Global Sports & Entertainment Director at Morgan Stanley, I have access to customized resources and programs, including philanthropic and lifestyle advisory services, family governance and financial planning, investment banking services and private equity solutions to further support my clients in the industry.

I’ve consulted with large real estate commercial/residential property owners and successful real estate entrepreneurs throughout my career.

With my deep background in fixed-income investments, I’m well-experienced in diversifying assets through corporate bonds and tax-free municipal bonds—along with stocks and other suitable investment vehicles—to strategically spread risks while potentially generating income.