Joey Feste, along with his son Joey Feste Jr., and other financial professionals, work together to run KM Capital Management. As a financial advisor, the senior Feste has put his talent to work, helping individuals and businesses manage their investments for three decades.
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Background
Feste earned a Bachelor of Arts in Economics from the University of Texas in 1987. He began working as a financial advisor almost immediately after obtaining his undergraduate degree.
His professional career started at Rotan Mosley, which is now Paine Webber. Next, Feste moved to Morgan Stanley, where he stayed for more than a decade before leaving to open his own financial management business.
In his role at Morgan Stanley, Joey managed money for professional athletes. He wanted to provide his customers with many things but felt constrained by Morgan Stanley’s primary framework. This was one of the key reasons he decided to open his own company.
KM Capital Management
In 2004, Feste established KM Capital Management, a group offering more comprehensive financial services. As part of his transition to KM Capital, Feste brought a few of the team he worked with at Morgan Stanley. Together, they created a business that focuses on its clients’ individual objectives and needs in order to construct a customized financial plan that will maintain their lives in good financial order.
Feste’s financial firm offers a specialized service. KM Capital Management was built to aid athletes and entertainers in amassing and keeping wealth so that it will continue well beyond their prime earning years. Feste understands the distinctive needs of this market. He and his team work with their unique clients to create a financial plan tailored to those distinct needs.
He believes that a great business strategy requires a strong team willing to support your work and scale what you are doing. In an interview for Ideamensch, Feste stated that he and his team, including his son, are always looking to improve their business. They work together to create ideas and then implement them as a team. The goal is always to make their systems seamless for their clients. That simplicity is one of the reasons these big names come to KM Capital Management. They trust Feste to give them what they need to be financially successful.
As an Independent Registered Advisor, Feste is always on the same side of the table as his clients in any transaction he performs on their behalf. That is another reason some of the biggest names in sports and entertainment trust this firm to help them preserve their wealth.
Through KM Capital Management, Joey provides practical financial solutions with honesty and faith. As a financial advisor and the senior managing partner at KM Capital, he helps customers define and achieve their financial goals.
Joey Feste is dedicated to providing customers with the best financial advice and service possible by staying up to date on the newest innovations in investment management methods. They also offer clients 24/7 access to the KM staff. In total, the staff provides over 50 years of financial experience.
Services at KM Capital Management
Under the leadership of Joey Feste, KM Capital Management is a full-service company that provides a comprehensive list of services.
Personalized Portfolio Management
Feste and the team at KM Capital Management offer asset allocation based on their client’s goals, risk tolerance, and life-cycle stage. The goal is to provide consistent positive total returns that preserve and grow wealth.
Financial Planning
Feste works with his clients, who, as professional athletes, typically have just a few years to make the majority of their money to balance what they want with what they need to ensure their financial security.
Bookkeeping and Bill Management
KM Capital Management provides traditional day-to-day management of personal and business financials. This allows their clients to focus more on growing their brands and expanding their business interests.
Insurance Planning
As a financial expert, Feste and the other professionals at KM Capital Management can recommend and integrate various financial solutions for their clients designed to preserve their interests and give them peace of mind.
Comprehensive Tax Management
As income and net worth increase, so does the need to analyze, execute, and monitor appropriate tax strategies. Not only are the tax implications becoming more severe, but so are the tax complications.
The staff at KM Capital Management consists of qualified experts (CPA, CFP®) with years of expertise successfully managing the tax issues of professional athletes and high net worth individuals. From residency considerations to family gift/wealth transfers, capital gain/loss management, creating and managing different legal companies, and so on – KM works hard to ensure that our clients follow the most tax-efficient road possible with every transaction.
Retirement and Estate Planning
Because the average professional athlete’s career lasts just 3 to 5 years, it is critical to build a solid retirement plan to secure the financial futures of KM’s clients and their families.
Feste also provides a variety of concierge services at KM Capital Management. For example, they can help manage the financial aspects of home and automobile purchasing.
Working With Joey Feste Jr.
Among the talented financial professionals that make up KM Capital Management is Joey Feste Jr. Like his father; Joey graduated from the University of Texas but with a Bachelor of Business Administration in Finance degree.
After graduating from the McCombs School of Business, Joey Feste Jr. began his career with McColl Partners, a boutique investment bank in Dallas, Texas. For two years, Joey Jr worked as an analyst at McColl, specializing in middle-market mergers and acquisitions.
At the firm, the senior managing partner Feste Sr. goes by Joseph, allowing his son to use Joey.
In The Media
When not working with clients at KM Capital Management, Feste Sr. writes blogs and articles that educate others on a variety of financial management topics.
His Understanding Investing with Joey Feste channel on Medium is chocked full of creative and informative pieces. In March 2020, his article on Five Types of investments provided readers with some fundamentals of investing. He covers ways to make money and create long-term investing strategies using bonds, mutual funds, stocks, index funds, and exchange-traded funds (EFT). For example, he explains why entering into ETFs might be a better and less risky option than stocks for new investors.
He also develops articles and does interviews with news organizations and financial publications. His goal is always to help people understand what investing can do for them and ways for those new to it to get started.
For decades Joey Feste has been offering financial advice to clients who have come to trust his instincts. Of course, there is more to this financial professional than KM Captial Management. He is also a valued husband and father and a leader in his community.
He has served numerous customers throughout his career, and he has assisted many of them in achieving their objectives. Joey Feste will leave a lasting impact on many people via his work with the financial sector, his community, and his partnership with his son.
