"The proof is in the pudding." This well-known saying is more than just a common phrase — it's a practical way to measure success in any area.
This is especially true in the world of financial planning, a field often filled with confusing terms and complicated plans. This is the backdrop against which Joey Feste, Senior Managing Partner at KM Capital Management, stands out as a key player. His approach to the business is far from traditional, but the results speak for themselves. That's why this time-tested saying captures the core of how he works.
Joey Feste's methods could be called groundbreaking, not just as an exaggeration but because they truly change how financial advisors and their clients interact. Gone are the days of one-sided relationships where clients felt unimportant. Under Feste's guidance, financial planning becomes a team effort. His new approach shifts the usual rules, creating a feeling of teamwork and shared success.
Now that we've set the scene let's get into the details of how Joey Feste is making a real difference in financial planning – always focusing on the idea that the success of a plan is best judged by its actual results.
Journey Into The Financial Sector
Joey Feste kicked off his impressive career at the well-known University of Texas. There, he focused on building a strong educational background and earned a respected degree in economics in 1987. With this solid foundation, he decided to work at Rotan Mosle, a choice that paid off.
Rotan Mosle later became a key part of the worldwide financial giant now called UBS. At Rotan Mosle, Joey Feste gained important real-world experience in the challenging, fast-moving world of buying and selling stocks. For those who might not know, "stockbroker" is an older term for what we now call a financial advisor. The name has changed, but the job hasn't.
The Origin of KM Capital Management
Feeling restricted by the downsides of working in big, traditional financial companies, Joey Feste decided to do something different. He started his own company, KM Capital Management. A major reason for this bold step was his special client list, which mostly included professional athletes.
Feste saw a clear need: standard financial companies just weren't offering the wide range of services these unique clients needed. He wanted to build a company that did more than just handle investments. He aimed to go further by not only closing deals but also providing complete financial advice. This all-in-one approach came from Feste's belief that teaching his clients how to manage and keep their money was just as important as helping them make it in the first place.
Financial Literacy
Feste goes beyond just crafting custom financial plans; he's also a big supporter of financial education. He thinks that the poor state of financial education in the country is due to gaps in high school lessons. To fix this widespread problem, KM Capital Management focuses on fully educating their clients.
As Feste often says, "the more they know, the more they can protect themselves." This isn't just a snappy saying — it's a core idea that guides how the company works.
KM Capital Management aims to give its clients the financial know-how they need, setting them up to make smart choices for their long-term financial well-being.
Comprehensive Client Services
Before diving into the expansive range of services offered by KM Capital Management, it's pivotal to understand Feste’s philosophy. He's not just managing money; he's managing lives, dreams, and futures.
Spending Control: The firm scrutinizes clients’ spending habits to identify 'hotspots,' or areas where clients tend to overspend.
Negotiation Assistance: KM Capital Management steps in to aid athletes and entertainers who may be at a disadvantage in financial negotiations, such as buying a car or a home.
Investment Strategy: The firm not only helps clients manage their existing wealth but also identifies new avenues for them to grow it further.
The Personal Touch
What makes KM Capital Management stand out among many financial management companies is how much they focus on individual service. While other companies might only meet with clients a few times a year, KM Capital Management goes the extra mile. Led by Joey Feste, they help with estate planning, give advice on prenuptial agreements, and even create custom trust funds for their clients' kids.
Joey Feste has always believed in this hands-on approach. He's always talking with his clients, asking them, "What can we do better?" This ongoing conversation helps the company stay in tune with what clients need and keeps everyone focused on getting better and being innovative.
Legacy and Family
But Joey Feste's vision goes beyond just shaping his field; he also wants to leave a lasting legacy in his own family. His son, Joey Feste Jr., who graduated from the University of Texas, works right beside him. Young Feste is not just there for show; he actively works on growing the business through equity and venture capital investments. This family teamwork doesn't just add to what the company can do; it also shows clients that KM Capital Management is built on long-lasting family values.
Branding and Reputation
In the cutthroat field of financial management, having a solid brand and a good reputation is crucial. Joey Feste knows this very well. One of the first big challenges was to make KM Capital Management a name people could trust in a crowded market. It wasn't easy, but through solid performance, being open with clients, and making sure they're happy, the company has clearly passed this test. Now, their name is a symbol of trust and top-quality service, which is a big deal in a field where your reputation can be your downfall or your key to success.
Key Takeaways
Joey Feste is redefining what it means to be a financial advisor. From stressing the importance of financial literacy to offering personalized services that extend far beyond just investment advice, he’s raising the bar in the industry. And this comes not just from his 30-plus years of experience, but also from his unwavering commitment to go the extra mile for his clients, hence truly going "Over and Above."
This article was written in cooperation with Hannah Madison