My guest this week is Joe McLean, the founder of Intersect Capital, which provides financial advisory services to a variety of clients, including a number of NBA players and other professional athletes.
What I loved about this conversation was the weaving of sport, coaching, and finance into a cohesive whole. There’s so much to take from this discussion—from the importance of service and low self-orientation to the impact of strict standards for who you work with, to common mistakes we all tend to make with money.
Please enjoy my conversation with Joe McLean.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
1:18 - (First Question) – His backstory and the combination of athleticism and finance
2:43 – His time in Ireland
3:29 – Moving away from basketball and into finance
6:08 – What the Intersect business is today and his early lessons
7:55 – Most important coach/mentor
8:59 – Where the name Intersect came from
10:22 – Setting high standards early on
12:35 – Biggest mistakes he saw in his early clients
14:04 – Developing his value proposition to clients
14:24 – Michael Kitces Podcast Episode
16:57 – Process when he’s working with a client signing a new athletic contract
19:53 – The concept of a Pro’s Pro and Top 50 Reasons Professional Athletes Remain Wealthy
22:40 – Managing clients’ interest in creating businesses off their brand
24:20 – The role media plays in athletes’ long-term strategies
25:40 – Getting early clients into compliance with his strategy
28:24 – Daily maintenance role he plays with clients
32:24 – What has impressed him most from his young clients
33:36 – What makes for a great coach
34:50 – The meaning of “all in” to Joe
35:54 – His assessment of the financial services industry today
37:32 – Where his value in service came from
39:05 – Longer term vision for his business
40:33 – Unique ways he finds himself helping his clients
43:49 – Watching his client’s mentor the next generation
45:10 – Historical players and teams he personally admires
46:22 – Athletes and venture capital investing
47:38 – Who makes up his trust network
49:09 – What he’s most excited about for the future of the business
49:46 – Kindest thing anyone has done for Joe
50:24 – Biggest impact a coach had on his life
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
