Succession planning helps business owners maximize their company’s value to buyers, minimize taxes and risk to the business, and reduce the burden on family and key employees. Though the benefits are clear, it can be tough knowing how to get started. Relationship Manager John Maddison, CFA, CFP, shares five steps that business owners can take to ensure that they and their businesses—like his alma mater’s basketball program—”score big.”
From boardrooms and ballrooms to sleeping on the streets, Balentine employees continue to support our communities by raising funds and awareness, offering expertise in finance and investments, and giving of our time, talents, and energy to the not-for-profit and charitable organizations each of us finds most meaningful. Here’s how Balentine employees have contributed to the greater good over the past year.
Chairman Robert Balentine often reminds us that we spend more time with our colleagues than we do with our families; that’s why, at Balentine, we try to balance working hard for our clients with having fun together. Here are our favorite moments and proudest accomplishments from the past year at Balentine.
“This is my dream job; it’s the culmination of my entire career,” explained Brittain Prigge following her appointment as president of Balentine. In celebration of this achievement, she sat down with us to reflect on her 26 years in the financial services industry. In addition to sharing her favorite memories from the early days of Balentine & Company, she discussed her key areas of focus as president and what fuels her passion for giving back.
On June 1, 2018, Chief Investment Officer Adrian Cronje was named chief executive officer of Balentine. To mark the occasion, he shared his thoughts on a range of issues, including what he’s most excited about in this new role, how he’ll manage Balentine’s continued growth, advice for would-be entrepreneurs, and the biggest threats facing RIAs.
During the first quarter of 2018, almost 1.4 billion records were exposed in 686 reported security breaches. Balentine has taken many proactive measures to maintain our data integrity now and in the future. Chief Financial Officer David Damiani, CFA shares a list of 10 steps business owners should consider implementing to protect their clients’ data.
Investors are inundated with more media coverage of the capital markets than ever before. Unfortunately, the vast majority of it is irrelevant. The most common phenomenon is popularly dubbed the “magazine cover curse.” Director of Research Gabe Lembeck, CFA contextualizes specific examples of this phenomenon and explains how Balentine uses scientific, quantitative models to cut through the noise.
Have you heard a lot about Bitcoin and other cryptocurrencies? Are you unsure what role, if any, they should play in your investment strategy? Balentine’s Investment Strategy Team reviews where cryptocurrencies fit within the investment universe and explains why we caution against investing in them for the foreseeable future.
Remember the naive financial decisions you made right out of college? Balentine Relationship Manager John Maddison does, too. In a new blog post, John shares how he would have handled his first “real world” paycheck differently.
Though Prince Harry and Meghan Markle may have opted not to sign a prenuptial agreement ahead of their wedding, in this blog post Head of Relationship Management Brittain Prigge, CFA, explains what’s at stake without one and urges all engaged couples to begin discussing finances well ahead of their wedding ceremonies.