Building a Wealth Management Powerhouse with Jason Gordo

Episode 042: In this episode of The Connected Advisor, Kyle talks with Jason Gordo, Co-founder and President of Modern Wealth Management. Jason is an accomplished wealth management executive with a diverse background in business strategy, execution, and mergers and acquisitions. He is known for his expertise in integrating tax planning into the financial planning process, helping clients optimize their financial strategies, and minimizing tax liabilities. Before joining Modern Wealth's founding team, Jason was a Managing Director at Goldman Sachs Personal Financial Management.

Jason and Kyle discuss Modern Wealth's unique approach to managing wealth, mergers and acquisitions, and client retention. He shares insights into their M&A strategy and how they identify firms that align with their culture and business model. Their conversation highlights the importance of building strong relationships and providing exceptional client service.

In this episode:

• [02:49] - The money moment that sparked Jason’s interest in investing.
• [07:50] - How Jason has helped others with their investments.
• [09:51] - What inspired Jason to start Modern Wealth Management.
• [12:13] - What sets Modern Wealth apart from other advisory firms.
• [18:00] - How Modern Wealth attracts and retains clients.
• [20:03] - What Modern Wealth looks for when buying firms.
• [21:23] - How Modern Wealth acquires firms.
• [24:11] - Jason's future goals.
• [26:14] - How interest rates and capital market changes impact Modern Wealth's acquisition process.
• [28:16] - How Modern Wealth integrates technology in its acquisitions.
• [29:51] - Milemarker minute: March Madness, golf course pick, travel destination bucket list, and the best book Jason read in 2023.

Key Takeaways

• Modern Wealth Management integrates financial planning, investment management, and tax planning to provide clients with comprehensive solutions.
• Modern Wealth's acquisition strategy prioritizes cultural fit, business model alignment, and the potential for long-term partnerships.
• Technology integration is crucial in Modern Wealth's growth and acquisition process, ensuring a seamless transition for new partners.
• Modern Wealth Management focuses on building a great company with exceptional partners and delivering value to clients.

Quotes

"I want to positively impact the people around me and the lives of the clients who have trusted me with their finances. We're giving CPAs in our business that same opportunity. We're trying to make it fun, engaging, and rewarding so that they're able to truly impact people's lives." ~ Jason Gordo

"Anytime I talk to a potential partner, I talk about three different buckets: cultural fit, business model fit, and the currency makeup of a transaction." ~ Jason Gordo

"Our focus every week is simple: find exceptional people who we believe would be great partners, who we believe would have a lot of fun together, and build a great company." ~ Jason Gordo

Links 

• Jason Gordo on LinkedIn
• Modern Wealth Management
• Merrill Lynch
• Callaway Golf
• Warren Buffet
• Berkshire Hathaway Inc.
• The Millionaire Next Door
• Vanguard
• Dean Barber
• Michael Capelli
• Bud Kasper
• LPL Financial
• The Good Life

Connect with our hosts

• Milemarker.co
• Kyle on LinkedIn
• Jud on LinkedIn

Subscribe and stay in touch

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• YouTube
• Google Podcasts

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