In good times and bad, one often looks to their family for support and advice. However, a relative may not be the best fit when it comes to managing wealth. Napa Valley’s 5T Wealth (5T) may be the better option. For over 25 years, they have assembled a team of financial experts to serve their clients as if they are family members.
Paul and Meghan Krsek founded 5T in 1998. Paul had built a successful investment practice but felt constrained at a large financial firm. He wanted to offer clients more services and investment options. Luckily, Meghan was an accountant, and the two established a company built around the essential services they felt their clients desperately needed. Both remain in their founding roles, Paul as CEO and Meghan as CFO.
Clearly, 5T is doing it right, as many clients who joined on the first day have stayed. Paul believes it is because clients feel appreciated, respected, and protected. New clients sense the individualized attention immediately, often coming to 5T after being overlooked or underserved by a previous advisor. 5T believes mutual trust and respect between an advisor and client is vital, especially when markets are in turmoil.
Paul is even more proud of how the firm has grown and evolved over the past 25 years while still focusing on its core pillars of success, the 5Ts: Time, Temperament, Technology, Talent, and Team. “Team is the most important of the T’s. Today, by far and away, we have the best team ever at 5T,” Paul said. In addition to Meghan’s role as CFO, she leads the Family Office team, which provides a unique set of services for four prominent Napa families. Meghan said of her stellar team members, “Hien Scozzafava and Marissa Nuqui know where every penny of our client’s wealth is held.”
Paul expanded the investment team with two key members. Jessica Jordan, Client Services Director, has been with 5T for eight years and has become a cornerstone for the company, according to Paul. Chris Roth, the most recent hire, joined the company five years ago and is considered the most important addition. Paul believes Chris is one of the very best financial advisors he’s met, and he’s thrilled for him to represent the next generation of 5T.
That said, Paul has no plans to go anywhere soon. For Paul, his job is also his passion. “Top Gun Maverick had a scene where Maverick says, ‘I’m a fighter pilot, a Naval aviator, it’s not what I am, it’s WHO I am.’ That’s how I feel about managing wealth. It’s who I am!” said Krsek.
When looking for a new financial advisor, Paul suggests choosing one with a deep passion for the work, which is dedicated to client interests at all times, is not afraid to adjust when market conditions change, and is endlessly committed to finding the right solutions for every client.
And that’s exactly what 5T Wealth, LLC clients find.
