Tag: Jason Gordo
100 Shares of Disney at Age 16 to $16 Billion: Jason Gordo’s Journey (Ep. 33)

100 Shares of Disney at Age 16 to $16 Billion: Jason Gordo’s Journey (Ep. 33)

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In this episode of PRess Play: The StreetCred Podcast, Elena Krasnow is joined by the power of not one, but two Jasons. Jason Gordo, co-founder and president of Modern Wealth Management, and StreetCred’s own Jason Lahita hop on the mic for a wide-ranging conversation that takes listeners on a ride through Europe at 152 miles per hour and into the story of building one of the industry’s fastest-growing RIAs.

We cover:

  • How a 16th birthday gift of 100 shares of Disney stock sparked Gordo’s interest in investing and set the course for his career
  • The career-defining lessons and experiences Gordo took from his time at United Capital and Goldman Sachs
  • How Modern Wealth is pursuing organic and inorganic growth simultaneously, including the firm’s Organic Growth Hub
  • Why employee equity ownership is central to Modern Wealth’s culture
  • The “Four Horsemen of Modern Wealth”: Jason Gordo, Mike Cappelle, Gary Roth and Jason Del Col
  • …and much more!

Join us in the fast lane for an episode jam-packed with valuable lessons and great stories from Gordo’s career.

Topics:
(0:15) Meet Jason Gordo

(1:05) Summer fun racing through Europe

(1:35) A shared love of Porsches

(3:00) Adventures on the infamous Autobahn in Germany

(5:00) Cruising at a speed of 152 miles per hour

(5:55) Gordo’s first introduction to investing, taking us back to his 16th birthday

(7:20) An early investment in Disneyland, gifted by his parents

(8:45) Ray at Merrill Lynch, an early mentor

(9:00) Buying his first home at age 22 thanks to the stock market

(10:20) Starting out as an advisor at Smith Barney

(10:57) “It’s not about how smart you are, it’s about having the ability to talk to humans.”

(12:30) Starting a brand-new RIA during the GFC

(13:13) Mike Cappelle and Gary Roth enter the scene, leading to Jason joining United Capital

(14:10) Gordo and Lahita’s shared United Capital tenure (though at different times)

(14:45) Jason overload

(15:15) The lore of the United Capital–Goldman Sachs transaction and why it was so impactful

(16:00) The advent of private equity-backed RIAs

(18:35) Modern Wealth soon to cross $16 billion in AUM

(19:00) Takeaways from United Capital when building Modern Wealth

(20:20) Avoiding proprietary technology in favor of best-in-class existing tools

(21:34) The Organic Growth Hub

(21:52) Shoutout to Chad!

(23:20) Tackling organic and inorganic growth at once

(24:20) Supporting young advisors coming up in the industry and solving the succession problem of the future

(26:24) Over half of Modern Wealth’s employees are equity holders

(28:30) Modern Wealth’s Confidence Score for clients and prospective clients

(31:49) The Four Horsemen of Modern Wealth: Jason Gordo, Mike Cappelle, Gary Roth and Jason Del Col

(33:35) Friends first, colleagues second

(34:35) “Focus on the people, not the problem.”

(35:33) Supporting a different children’s nonprofit organization each year with his wife

(37:30) Dream job as a kid

(38:20) Moment of gratitude

 

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About our Guest: 

Jason Gordo is co-founder and president of Modern Wealth Management, where he helps lead the firm’s growth strategy, acquisitions and advisor partnerships. Before launching Modern Wealth, Jason served as head of advisor growth at Goldman Sachs Personal Financial Management and was part of the leadership team that helped scale United Capital into one of the nation’s largest RIAs before its acquisition by Goldman Sachs.

 

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