Tag: assets
REPLAY! Celebrity Estates Podcast David Bowie: The Financial Side Of A Music Catalog (Ep. 73)

REPLAY! Celebrity Estates Podcast David Bowie: The Financial Side Of A Music Catalog (Ep. 73)

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Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death. 

Recently, his music catalog sold for a reported $250 million, higher than his initial estate value.

In this episode, David Lenok is joined by Stacie Jacobson, director of the wealth strategies group at AllianceBernstein, diving into the complexity of a music catalog as an asset for both the seller and buyer, along with details of the planning required before and after the transaction. 

Stacie discusses:

  • The difference between a musician’s catalog and their other traditional assets;
  • The impact of interest rate environments on unique investments;
  • Why music catalogs are traditionally sold as one unit over individual songs; and
  • How artists plan for selling their music catalog after they are gone.

Connect With Stacie Jacobson:

Connect With David Lenok:

About Our Guest:

Stacie works with athletes and entertainers on a variety of investment planning issues including multi generational wealth transfer, pre-transaction planning, charitable giving, retirement planning and asset allocation.
65. David Bowie: The Financial Side Of A Music Catalog

65. David Bowie: The Financial Side Of A Music Catalog

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Podcast: Play in new window | Download | Embed

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Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death. 

Recently, his music catalog sold for a reported $250 million, higher than his initial estate value.

In this episode, David Lenok is joined by Stacie Jacobson, director of the wealth strategies group at AllianceBernstein, diving into the complexity of a music catalog as an asset for both the seller and buyer, along with details of the planning required before and after the transaction. 

Stacie discusses:

  • The difference between a musician’s catalog and their other traditional assets;
  • The impact of interest rate environments on unique investments;
  • Why music catalogs are traditionally sold as one unit over individual songs; and
  • How artists plan for selling their music catalog after they are gone.

Connect With Stacie Jacobson:

Connect With David Lenok:

About Our Guest:

Stacie works with athletes and entertainers on a variety of investment planning issues including multi generational wealth transfer, pre-transaction planning, charitable giving, retirement planning and asset allocation.

 
Ep 56 – Elon Musk’s Charitable Limits With John Pantekidis

Ep 56 – Elon Musk’s Charitable Limits With John Pantekidis

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Between his six children and his illiquid assets in Tesla and SpaceX, Elon Musk’s claim to give half of his fortune to charity falls short. Yet only a few small steps would be required to increase his charitable giving and arrange support for his family.  

In this episode, David Lenok is joined by John Pantekidis of Twin Focus Capital. John shares his insight into the financial situation of Elon Musk, who was recently named the richest man in the world. 

John discusses Elon’s struggle to uphold his claims of philanthropic giving between his illiquid assets and support for a large family. John also discusses how others can avoid the pitfalls of keeping your wealth in illiquid assets and familial drama through premarital agreements and including the children in charity foundations. 

John discusses:

  • Why a premarital agreement should have been included when Elon Musk first married 
  • How his assets restrict his donation amount
  • What he should be doing to increase his charitable giving and passing money on to the next generation
  • The role of philanthropy in charitable giving

Connect With John Pantekidis:

Connect With David Lenok:

About Our Guest:

John is a partner at TwinFocus Capital and serves as the Chief Investment Officer (CIO) and General Counsel. In this role, John maintains a close working relationship with TwinFocus clients to help them design and expedite their investment strategies. He also leads the firm’s research efforts to develop new and creative asset allocation policies, oversee due diligence for manager search and selection, as well as write thought leadership commentary on global macroeconomic topics. Additionally, he has a keen interest in alternative investment fund formation and structuring, as well as analyzing complex tax aspects of alternative investments, pioneering studies on how to make hedge fund investing more tax efficient from an income and wealth transfer tax perspective. He is especially active on behalf of offshore clients, developing strategies to overcome cross-border impediments, tax, legal, and regulatory challenges, as well as cultural sensitivities to maximize inter-generational wealth transfer and succession planning.