Jim Wright and John Fattibene of Harvest Financial Partners located in Paoli, Pennsylvania which is a suburb of Philadelphia joins Enterprise Radio. They co-manage the Harvest Financial Partners Domestic Dividend portfolio on Covestor, an online investing company.
Listen to interview with host Eric Dye & guests Jim Wright and John Fattibene discuss the following:
- Tell us about your firm? Do you work with entrepreneurs?
- Talk about why you like dividends? Is it a strategy that makes sense for entrepreneurs and small business owners?
- Go into more detail about the 401(k) business? Why is this important for entrepreneurs?
- What is important to know when starting a plan?
- Why is your model better than others?
- Any closing thoughts or a final financial tip for the listeners today?
1) Make sure to maximize your contributions to your plan. If not, then increase contributions by 1%/ per year. It will be meaningful and not that noticeable.
2) The choice of plan design could make it easier for the owner to meet the maximum 401k contribution of $53,000 in 2015 with the fewest dollars going to employees.
Harvest Financial Partners was started in early 2008 by Jim Wright and John Fattibene to provide investment and planning advice to individuals and small businesses. They co-manage the Harvest Financial Partners Domestic Dividend portfolio on Covestor, an online investing company where people can mirror their investments.
Jim Wright, CFA has worked with individual and institutional clients as an investment manager for more than 27 years. Prior to forming Harvest, Jim worked at the Davidson Trust Company where he managed nearly $200m in client assets. While at Delaware Investments, Jim was part of the senior team that managed over $3 billion for institutions throughout the country. He served as the analyst covering the consumer, health care and banking sectors.
Jim received his B.A. from Vassar College and his M.B.A. from the Amos Tuck School at Dartmouth College.
John Fattibene, JD, CFP® was a commercial lending officer at what has become Bank of America for twelve years. When John left lending, he joined Vanguard, and has spent more than a decade as a financial planner and portfolio manager. John has managed portfolios for individuals, institutions and endowments utilizing individual stocks and bonds, mutual funds, real estate, ETFs, hedge funds and private equity.
John attended Vassar College. He received his J.D. from the University of Maryland School of Law.