In this episode of The Financially Mindful Podcast, Mike Troxell of Modern Financial Planning shares his expertise in advising clients who have received company equity (stock options) as compensation.  He describes the different types of stock options commonly awarded and how he helps clients determine what to do with them.  Mike, Dan and Jim discuss not only the financial and tax implications of handling equity compensation but the psychological and emotional components of the decision making process as well.  If you have equity or stock options in the company you work for you’ll benefit from listening to this episode of The Financially Mindful Podcast.

 

Daniel James

Dan is Founder and CEO of CanopyLife, a platform committed to building families’ financial resilience to deal with major life events. Dan founded CanopyLife after experiencing the financial and emotional cost of losing his dad to cancer, and wanting to help families avoid the same pitfalls. A Kellogg School of Management grad, Dan previously led new product development at Capital One and has nearly a decade of experience working in product development at startups focused on consumer, fintech and insurtech. In a prior life, Dan was a consultant at BCG and worked in Equities for Goldman Sachs and ABNAMRO. 

 

James V. Grace

Jim Grace is the Director of Wealth Management at Silver Pine Capital, LLC. a registered investment advisory firm in Medfield, Massachusetts. ​Jim has more than a decade of experience in the financial services industry and currently leads Silver Pine’s financial planning and broader wealth management service offering.  He is responsible for ensuring that the firm's clients are properly planning and have access to any and all resources and guidance available inside and outside of the organization when faced with making important financial decisions. He is married, is father to two young children and the son of two aging parents.   

About our Guest:

 

Mike Troxell is the founder of Modern Financial Planning in Oakland, CA.  Modern FP is a fee only registered investment advisory firm and Mike holds a CPA designation with a background in taxation.  Prior to starting his own firm he worked at a wealth management firm managing close to $5 billion, personally working with approximately $250 million. He graduated from Northeastern University with a BS in Business Administration while obtaining a dual-concentration in finance and accounting. He served on the executive board for the Financial Planning Association of San Francisco and resides in Northern California with his wife and two children.

  

 

Insight from this episode:

What are the different types of equity compensation typically awarded to employees

The common considerations in determining what to do with them 

What NOT to do if you have stock options

How to handle some of the emotional aspects of making an equity compensation decision

Tips on how to think about equity as part of your overall financial plan and “goals based” investment strategy

 

Stay Connected:

Daniel James

LinkedIn: Daniel James

Twitter:@DanielHJames

 

James V. Grace

LinkedIn: James Grace

 

Mike Troxell

LinkedIn: Mike Troxell

The Financially Mindful Podcast

Itunes: The Financially Mindful Podcast

Spotify: The Financially Mindful Podcast

 

Subscribe to our podcast + download each episode on Apple Podcasts and Spotify.

 

This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)