『Behind the Scenes of Managing Wealth and Business in the Entertainment Industry』のカバーアート

Behind the Scenes of Managing Wealth and Business in the Entertainment Industry

Behind the Scenes of Managing Wealth and Business in the Entertainment Industry

無料で聴く

ポッドキャストの詳細を見る

このコンテンツについて

 In the world of showbiz, managing business and wealth isn't just about numbers on a balance sheet—it's about understanding the nuances of the industry. The unique dynamics and demands of this niche market require a deep understanding of its terminology, an ability to navigate the complexities of entertainment law, and an innate capacity to forge deals that truly make sense for the client. In this episode, Tyler and Peggy talk about business and wealth management in the entertainment industry. They discuss the importance of professional designations and the role of trust in client relationships. They also touch on the current market trends, including the return of meme stocks, generational wealth, and the law protecting the earnings of child social media stars.  Join us as we discuss [02:36] - How Peggy defines business management. [05:45] - Peggy's thoughts on the role professional designations play in hiring. [09:55] - How Tyler defines wealth management. [11:21] - The importance of education in wealth management. [17:01] - Why having a conversation about death, taxes, and estate planning is important. [22:04] - Meme stocks and the impact of social media attention. [25:06] - The potential replacement of U.S. dollars. [27:11] - TikTok influencers and child social media stars. [29:01] - What Coogan law is all about. [34:46] - NIL (name, image, and likeness) deals in the entertainment industry. [36:45] - The importance of educating children about healthy money management. Key Takeaways Business management involves being the CFO for clients in the arts, entertainment, and sports industries. Wealth management is about aligning money with values and creating a financial future. Meme stocks are back in the market, causing volatility and speculation. The U.S. dollar remains dominant despite discussions of currency replacement among BRICS (Brazil, Russia, India, China, and South Africa) nations. Illinois has passed a law protecting the earnings of child social media stars. Parents should involve their children in financial conversations to promote a healthy approach to money. Quotes: "Our clients expect that we understand the niche market, we understand the terminology, and we can communicate easily with entertainment lawyers to make a deal that makes sense for the client." ~ Peggy Stephens "Wealth management is about looking after someone's financial well-being, their goals, and their ambitions. It's the process of aligning their money to their values. And it's not necessarily about predicting the future but helping them create it." ~Tyler Martin "Being in this industry, one of the biggest things that I've learned is the environment in which people grow up shapes their thought process towards money." ~ Peggy Stephens Links  Jacque Albus on LinkedIn Dumb Money Rivian Elon Musk Joe Rogan SmileDirectClub Yellow Converse Marvel Michael Kors Chicago Cubs TikTok Ryan's World QuikTrip Connect with our hosts Stonebridge Wealth Management Tyler on LinkedIn Peggy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Partner with Tyler and Peggy If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com. Disclosure OneAscent Financial Services, LLC ("OAFS"), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
まだレビューはありません