An executive is a key player in a business of any size: someone who is able to balance the complexities of their industry with the needs of their company. They’re someone with deep experience, who can lead a team and contribute to one. And they work tirelessly to make sure the business is positioned to succeed, both now and in the future. But who’s doing that for the executive?

As an executive, you’ll have access to a much wider range of compensation packages, from equity to call options to variable performance-based bonuses. Your income will be greater and more diverse than the average Joe or Jane. You need a financial plan to match, and advisors skilled enough to adapt that plan as your career evolves. In fact, you’ll need a team of people: CPAs, investment bankers, tax attorneys, estate lawyers. But most of all, you’ll need an expert private banker to run the show. You need Mary Katherine Franklin, EVP and Director of Private Banking, and Jamie Burns, Regional Executive of Private Banking from the Cadence Private Banking leadership team. So that’s who we’ve brought you!

Think of it like a football team. The most important person on the field is your quarterback, who reads the defense, makes adjustments and gets their teammates the ball. That’s your private banker. On this episode, Jamie and Mary Katherine talk about quarterbacking executive financial plans, how no plan is one-size-fits-all, and what you need to prepare to make sure you get the most out of the process. So, join our all-pro squad as we perfectly execute the executive financial plan.

Highlights:

What is private banking? (2:21)
What’s different about executives? (4:04)
The importance of a good game plan (7:45)
The sooner, the better, but it’s never too late! (9:16)
Creating a personal financial statement (10:26)
Coordinating the team of advisors (12:47)
Everything is customizable (14:58)
Be organized (15:42)
Don’t hold back (16:24)
Are you getting the attention you deserve? (19:05)
Things change—your plan should too (22:11)

Links:

Feedback:

If you have questions about the show or topics you'd like discussed in future episodes, email our producers, sheena.cochran@cadencebank.com or danielle.kernell@cadencebank.com.

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