Founder and CEO,
Golden State Wealth Management
- Has four goats, two horses and three dogs.
- His guilty pleasure is cheese.
- His favorite city is Vatican City.
After working with lawyers at the United Nations High Commissioner for Refugees in Switzerland and at a law firm, Daniel Catone became a solo adviser at 21. By 2005, he had launched Redwood Investments, a private wealth management company.
Mr. Catone subsequently pioneered a firm, Golden State Wealth Management, whose structure is based on what he’d seen attorneys use: Advisers own their practice and book of business, as well as a share of the overarching registered investment adviser.
“It’s equal to their assets under management participation,” Mr. Catone said. “We don’t dilute value by adding more advisers.”
Since then, Mr. Catone has created two more RIAs, and his enterprise now manages more than $1.5 billion in assets.
In his free time, he works pro bono for Catholic entities. And this year, he is graduating from the Augustine Institute with a Master's Degree in Theology.
Mr. Catone focuses on his clients’ values, whether they are based in morals, religious beliefs or family tradition. “Everybody has values,” he said. “I coordinate a client’s investment management so that it achieves those values first and foremost.”
— Juliette Fairley