Matt Kocanda , CFP®
What inspired you to choose wealth management as a career?
I love to both learn and teach. In the wealth management industry, I constantly fulfill my desire to learn something new every day, while also sharing that knowledge with our clients. The pairing of research, teaching, and relationship building are the perfect mix for me.
Why did you choose to lead the Financial Professionals Practice Group?
Over the course of my career, I found that private equity professionals, investment bankers, and asset managers spend so much time taking care of their own clients and focusing on their careers that they often don’t give their personal wealth the time and attention it deserves. These are financially savvy professionals who simply have higher ROI’s focusing their time on their careers or families. I’m ensuring we develop a team that will deliver what they need while building upon the high-level of sophistication they have already. When you work with knowledgeable, driven people with clear goals, who are open to feedback and new ideas, great outcomes result.
What’s the most influential book you’ve read and why?
Too Big to Fail by Andrew Ross Sorkin. This is a comprehensive retelling of the events that unfolded during the 2007-2008 financial crisis. Understanding how this crisis formed within the system not only piqued my interest in the financial world but has been helpful to understand the many aftershocks that rippled throughout the entire economy.
What is the one thing you wish every person knew when making financial decisions?
The long-term goal is the most important. In today’s world with news constantly bombarding us, it can be hard to filter out the noise and stay focused on what is most important to you and your family. Making decisions with an eye toward the long-term goal allows for the most thoughtful and best decisions to be made.
Where can we find you when you’re not working?
I love to be active and constantly in motion. I find various ways to fulfill that goal, whether I am running with my wife, tinkering around the house with home improvement projects, or spending time with family and friends. I do enjoy occasionally laying on the couch, but you won’t find me there for long!
Why did you choose to be part of the BDF team?
BDF’s strong culture and commitment to excellence is a trait that is unique to this firm. The team is dedicated to helping team members grow and equipping them with experiences that allow us to give the best advice to our clients. I am impressed every single day with the way the firm is focused on challenging the typical thought process in order to continually grow and serve our clients’ complex needs.
Matt Kocanda has a desire to constantly learn. He is continually applying what he learns about the investment and planning industry to help fulfill his clients’ needs, especially those in the financial services industry including private equity professionals, investment bankers, and asset managers. He enjoys helping his clients stay focused when life gets noisy by serving as their personal CFO. That’s how he ensures the entire families’ financial goals become reality. He advises specifically on creating a plan that considers cash flow, tax issues, risk management, and estate planning alongside a properly diversified investment allocation. The end goal is always to preserve and maximize assets and investments over the long-term.
Currently, Matt is a member of BDF’s Investment Committee, which creates the investment strategy for the firm. The responsibilities span from developing the asset allocation model to interviewing and selecting investment strategies to provide in-depth commentary on current market events.
Prior to joining BDF, he spent six years within Goldman Sachs’ Private Wealth Management Division. Matt earned his undergraduate degree in Finance from Indiana University’s Kelley School of Business. Matt currently holds both his Series 7 and 66 and is a Certified Financial Planner™ professional.
If you work in the financial services industry, contact Matt. He will help you simplify the complex and keep your ultimate life goals in motion.