Ep 142: Financial Planning Beyond The Game with Jacob Turner

In this episode of Bridging The Gap, Matt welcomes Jacob Turner, a former professional baseball player and the 9th overall pick in the 2009 Major League Baseball Draft. Now serving as the Co-Founder and Partner at Moment Private Wealth, Jacob shares his journey, offering valuable insights into the unique financial challenges athletes encounter. Jacob shares enlightening personal anecdotes, detailing a significant time abroad and the adjustments needed to navigate the shifting financial landscapes during the prime earning years of athletes. The conversation dives deep into the importance of financial discipline, fostering vulnerability when sharing personal stories, and the significance of being actively involved in one’s financial planning process.

Matt and Jacob dissect the complexities of transitioning from the structured life of professional sports to the entrepreneurial journey. Jacob sheds light on the critical aspects of creating structure and maintaining discipline, as well as the value of continuous learning and ego management. Listeners will gain an understanding of the parallels between sports and entrepreneurship, and how these experiences impact financial and personal growth.

During the episode, Jacob opens up about the importance of trust in the wealth management industry and offers his predictions for the future. He also highlights the significance of standing out by authentically sharing experiences and emphasizes the value of content marketing. Matt applauds Jacob not only for his career transition but also for refining specialized knowledge and crafting a distinctive personal brand. This episode is not just a treat for sports and finance enthusiasts but also for anyone looking to find balance and purpose in their professional and financial endeavors.

Timestamps From This Episode

[00:01:36] Jacob reminisces about expressing his ambition to become a professional baseball player at the age of thirteen. 

[00:03:01] Jacob discusses the factors that led him to pursue a career in finance and establish his own firm.

[00:10:49] “The reality is, in professional sports, there’s going to be so many things that are going to be outside of your control, but the one thing that can be totally inside of your control is what you do with your money.

[00:15:14] Jacob unveils three hurdles he confronted during the transition from professional baseball player to entrepreneur, navigating the path to initiate and build his own business.

[00:20:41] Jacob offers advice on how to assess and dial back your ego.

[00:24:24] Jacob outlines his approach to marketing his services and attracting clients.

[00:28:38] “For ten years, I sat on the other side of the table, and I worked with several different financial advisors. The biggest issue I see is trust.”

[00:31:56] Jacob concludes the episode with a tangible piece of advice that listeners can act on.

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About the Show

Bridging the Gap is a financial podcast hosted by CEO Matt Reiner focused on bringing together leaders from the finance and the technology industries to focus on innovating the financial services industry.