Episode 8: Jeff Bacon, Savitsky, Satin, Bacon, & Bucci
Jeff Bacon, Partner at Savitsky, Satin, Bacon & Bucci, one of Hollywood's leading business management firms, explains what business managers do (1:15), explains the birth of the industry (4:30), talks about the challenges of budgeting for actors and athletes (6:00), how to say "no" to clients (8:30), the changing economic landscape of the entertainment industry (13:00), the impact of Covid-19 on incomes (16:30), referrals and trusted advisors (19:00), what exactly are "agents?" (22:00), and how his clients deal with family demands (31:00).
This podcast was recorded on August 26th 2020. The respective opinions expressed are those of Mr. Bacon and the Biltmore Family Office, LLC investment team. The opinions referenced are as of the date of this podcast and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.