Summary: On this episode of PRess Play: The StreetCred Podcast, host Elena Krasnow and co-host Jason Lahita sit down with Jon Foster, president and CEO of Angeles Wealth Management. Jon reflects on his unique career trajectory, from becoming a top-ranked professional squash player to leading Wall Street trading desks. He later founded Angeles Wealth Management to bring institutional-grade investment strategies to ultra-high-net-worth families.

 

We cover:

• Jon’s early days as a professional squash player, including his top-10 North American ranking
• His pivot from Wall Street trading desks and Bear Stearns stockbroking to embracing a 100% fiduciary wealth management model
• Jason and Jon’s longstanding relationship, which dates back to their time at Carson Wealth
• The lightbulb moment that led to the founding of Angeles Wealth Management
• The launch of the Angeles Family Office earlier this year and the acquisition of XO Capital
• Leadership lessons Jon learned from his father
• …and much more!

Tune in for a conversation packed with engaging stories, practical leadership wisdom and sharp industry perspectives from one of wealth management’s most seasoned and thoughtful founders!

 

Topics: 

(0:15) Meet Jon Foster

(3:15) Early career ambitions and running a New York health club

(5:05) Landing on Wall Street and learning the trading floor by osmosis

(7:35) Competing on the pro squash tour and achieving a top-10 North American ranking

(9:15) Working as a Bear Stearns broker and realizing the flaw in commission-driven sales

(11:00) Transitioning to a fiduciary model with Howard Capital 

(12:45) Serving as President of Carson Wealth and connecting with Jason

(15:30) The epiphany that led to the of founding Angeles Wealth 

(18:15) Applying an institutional, tax-aware investment lens to private family wealth

(20:45) Acquiring XO Capital

(24:00) Empowering next-gen advisors with partnership upside instead of debt

(26:30) Two golden rules of leadership from Jon’s father

(28:45) Community impact through Stormburger in Inglewood, Long Beach and Compton

(31:15) Why Jon covered 100% of his firm’s healthcare cost increases

(33:00) Unexpected parallels between investing and squash

(34:45) Moment of gratitude

 

About our Guest: Jon Foster is the president, CEO and co-founder of Angeles Wealth Management. With more than 30 years of experience in the wealth management industry, Jon brings a deep understanding of family wealth dynamics and the unique needs of ultra-high-net-worth families and individuals. 

 

Publishing Tags: PRess Play, StreetCred PR, Podcast, Angeles Wealth Management, RIA, Angeles Wealth Management, Angeles Investments, Jon Foster, Elena Krasnow, Jason Lahita, High-Net-Worth, Family Office, XO Capital, Stormburger, City of Hope

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