Money decisions at the top of the wealth spectrum are rarely just about money. Inheritance plans, transfers between generations, and the hopes parents hold for their children all enter the conversation. Justin Nelson, a Managing Director at JP Morgan, has built his hiring approach around that reality.Nelson leads the Asset Management and Financial Principals Coverage Team at J.P. Morgan Private Bank in Connecticut. With a 20-person team and more...
Close to three-quarters of privately held business owners expect to transition or exit their companies within the next decade. The Ritz Herald, citing industry estimates, puts the potential wealth tied to those exits at $10 trillion to $14 trillion. Yet many owners remain unprepared.Michael Gold, founder and CEO of Gold Family Wealth in Westport, Connecticut, says a lack of communication among advisors is a major reason why.Where Exit Plans...
Choosing a pest control provider can feel like picking a mechanic: most people do not know enough to judge the work, so they rely on impressions. A short list of well-chosen questions can level the field and reveal how a company thinks about its customers and its craft. Written answers are even better than verbal ones, because they give homeowners something to refer back to when comparing providers or reviewing a service visit. Companies that...
Door-to-door sales is one of the few career paths that does not ask for a degree, a polished resume, or years of prior experience. That accessibility is a large part of why it keeps attracting people in their early twenties who want to start earning and learning quickly. In Utah, where direct sales has a long local history, the Utah-rooted sales firm Grit Marketing is one of the organizations that has built its recruiting around that open...
Justin Nelson spends much of his time at JP Morgan thinking about who will eventually take his place. The Managing Director and Head of the Asset Management and Financial Principals Coverage Team at JP Morgan Private Bank leads a twenty-person team in Connecticut, and he considers their growth one of his clearest measures of success, separate from any figure on a balance sheet. An Open, Transparent Team"I'm really lucky to have a great...
Oil and gas companies contend with tighter regulations, uncertain demand, and natural disasters. A 2020 review argues that Gulf Coast Western has responded to those pressures with horizontal drilling and seismic surveys, while building its reputation on relationships with partners and investors.Drilling Sideways for Better AccessHorizontal drilling starts like a conventional well. Crews drill straight down until they reach the reservoir, then...
Government agencies write environmental rules and enforce them, but a great deal of conservation work happens outside that system. Colcom Foundation explains how private foundations like itself help fill the gap. Its environmental protection page lays out that role in plain terms.Private foundations, the Foundation says, fund conservation work that government programs and earned revenue cannot fully sustain. Colcom Foundation plays a direct...
Not all conservation is permanent. Land can be protected today and developed tomorrow unless a legal mechanism locks that protection in place. Colcom Foundation's grantmaking places particular weight on tools that achieve exactly that, chief among them the conservation easement. Through their grants, they have supported many organizations, such as the Center for Biological Diversity, which works towards protecting endangered species, and the...
The wealth set to move between generations over the next twenty years is staggering: somewhere between $84 and $120 trillion, according to industry estimates, with the transfer expected to peak around 2026. Michael Gold, founder and chief executive of Gold Family Wealth in Westport, Connecticut, has built part of his practice around a simple observation: the advisors currently managing that wealth often don't look, sound, or communicate like the...
Few executives arrive at a small fitness accessories company with a resume like Michael Polk Newell Brands. He spent years climbing through Procter & Gamble, Kraft Foods, and Unilever before taking the top job at Newell Brands in 2011, where he stayed until 2019. Somewhere along the way he became known for steering large, complex organizations through periods of change, a skill that would later prove useful in a much smaller setting.From...