Unrivaled Wealth Management
Founder & President
Unrivaled Wealth Management
Founder & President
Money doesn't buy happiness, but it goes a long way in providing peace of mind and enabling us to do things we enjoy. My passion is helping others achieve that peace of mind by getting the most out of their finances and their lives. - Matthew Garasic, CFP®
Fee-only financial advisor specializing in financial planning and investment management strategies for equity compensated individuals in Pittsburgh and across the United States.
Matthew Garasic is a fee-only financial advisor specializing in financial planning and investment management strategies for equity compensated individuals. Unrivaled Wealth Management serves clients locally in Pittsburgh and works virtually to support qualified clients across the country, regardless of location. As a fee-only, fiduciary, and independent financial advisor, Matthew Garasic is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.
04/26/2023 - Matthew Garasic was interviewed by FeeOnlyNetwork.com
Ice breaker, what does your life look like outside of work?
I have a competitive personality, so I’ve always enjoyed playing and watching sports. I started training and competing in boxing tournaments in high school but transitioned to Brazilian Jiu-Jitsu toward the end of 2021. Now I train Jiu-Jitsu 4-5 days a week and continue to compete regionally and nationally.
Outside of Jiu-Jitsu, my girlfriend and I spend a lot of time spoiling our Rottweiler, Frankie. We take her hiking or swimming every weekend and then follow it up by trying different breweries.
What is the biggest misconception about your job?
As soon as people hear I’m a financial advisor they either ask me for my hottest stock tip or assume I’m going to try and sell them life insurance.
Unfortunately, a lot of people are much more captivated by the idea you can offer them a get rich quick stock recommendation than they are by asset allocation and comprehensive financial planning. However, those that buy into the value of persistence and planning make great long-term clients and really appreciate the depth of our work.
What makes you or your firm particularly qualified to serve executives or business owners with equity compensation?
From a professional standpoint, my whole career has included helping business owners and executives monetize equity compensation, capitalize on exclusive tax/retirement strategies, and structure tax-efficient liquidity events.
As a business owner, I personally understand the time constraints executives and other entrepreneurs face when trying to run a business, maintain a family/social life, and manage their personal finances. These individuals often have the most complex financial situations, but don’t have time to optimize the opportunities available to them.
Tell me about a client where you were able to help them solve a unique problem.
Before starting my own firm, I worked with a C-Level executive who owned over $20 million of employer stock in the form of nonqualified stock options (NSOs), incentive stock options (ISOs), restricted stock units (RSUs), and outright shares.
Since he was an insider at a publicly traded company, he had to submit his trading plans far in advance (10b5-1 plan) and have them approved by the company’s general counsel to certify he wasn’t trading on inside information. The value, amount, and various tax considerations for each option type made the situation extremely complex so he had never monetized the shares.
Collaborating with the accountant and custodian, I created a 10b5-1 plan to exercise and sell various share lots across over 30 different price points. Within six months the client had monetized over $8 million across two different tax years and made gifts of appreciated employer stock to a Donor Advised Fund (DAF) to offset a portion of his tax liability.
What do you wish more people knew about the process of creating a financial plan?
Creating an effective financial plan requires a lot of information, personally and financially. It may seem like an advisor is getting too personal, but there are so many nuances that factor into making recommendations for a client’s specific circumstances.
If an advisor has to make (or not make) recommendations with partial information, the best-case scenario is missing wealth enhancing opportunities, but the worst-case is implementing a faulty strategy that diminishes wealth.
Is there a particular book that has had a positive influence on your personal or professional life?
The Psychology of Money by Morgan Housel was actually the catalyst for starting Unrivaled Wealth Management. At the time I was reading the book I had a great job that I liked, but there were two quotes in the book that ultimately pushed me to start the business I always had in the back of my mind. The two quotes are:
- “Doing something you love on a schedule you can’t control can feel the same as doing something you hate.”
- “The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.”
There are endless lessons in the book, and I recommend it to everyone.
How has your family background influenced your personal financial mindset today?
I have a blue-collar background, so my family was never financially sophisticated. The only specific financial lesson my parents taught me was to pay the full balance of my credit card every month to avoid being charged interest. That was a useful tip, but the most influential values I took from my family background are discipline, responsibility, and enjoying the simple things.
They didn’t seem very influential when I was in college working two jobs while my friends were at happy hour, but in hindsight, I recognize that those values taught me to avoid taking on unnecessary debt, live within my means, and not rely on money or material things as my source of happiness.
Where does your passion for financial planning come from?
My senior year capstone project was creating a comprehensive financial plan for my parents.
Through the project I found they had accounts managed by two different advisors. However, there was no cohesion in their investment strategy, my dad was drastically under contributing to his 401(k), they were paying into life insurance policies they no longer needed, and a host of other issues. In short, no one had ever taken the time to create a comprehensive financial plan.
I’m passionate about holistic financial planning because no specific investment recommendation was going to make the difference in my parent’s retirement plan. The flaws we discovered and fixed through their financial plan are what allowed my dad to retire when he did and I know there are millions of other people in the same situation.
Matthew Garasic is a Member of the National Association of Personal Financial Advisors
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors - highly trained professionals who are committed to working in the best interests of those they serve.
NAPFA members live by three important values:
- To be the beacon for independent, objective financial advice for individuals and families.
- To be the champion of financial services delivered in the public interest.
- To be the standard bearer for the emerging profession of financial planning.
Unrivaled Wealth Management helps individuals and families align their assets, time, energy, and attention to achieve what's truly important to them. We serve as a fiduciary while providing commission free financial planning and investment management services to clients locally in Pittsburgh and across the United States.
We have years of experience monetizing equity compensation in the form of restricted stock units (RSUs), non-qualified stock options (NSOs), incentive stock options (ISOs), and others. Our expertise has led to the monetization of hundreds of millions of dollars in publicly traded stock, private company stock, and qualified small business stock while optimizing the outcome for income and estate tax purposes.
To provide our clients the expertise necessary to overcome the personal and financial hurdles they confront in their pursuit of passions, purpose, and peace of mind.
OUR CORE VALUES
INTEGRITY : Acting ethically and doing the right thing for our clients, in and out of the spotlight
AUTHENTICITY : Talk is cheap. We let our actions define our character.
HUMILITY : We hold ourselves in high regard, but recognize our limitations and don't let pride get in the way of working with others to achieve our client's goals.
GRIT : If pursuing excellence was easy, everyone would be doing it. We will not trade greatness for mediocrity and an easier journey.
CURIOSITY : Exploring curiosity is how we learn, evolve, develop new solutions, and uncover sources of fulfillment.
EMPATHY : Our actions have a profound impact on clients, colleagues, loved ones, and strangers. The consequences of our actions are considered before every decision.
TRUST : Our clients entrust us with a weighty responsibility. Everything we do is committed to preserving that trust.
PERSISTENCE : Realizing a substantial goal is the product of seemingly insignificant milestones attained by persistent effort in both good times and bad.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
- Comprehensive Financial Planning
- Stock Option Monetization
- Tactical Tax Planning
- Estate and Legacy Planning
- Investment Management
- Philanthropic Planning
- C-Suite Executives
- Retirees and Near Retirees
- Growing Families
- Business Owners and Executives
- Sudden Money Situations
- In-Office Meetings
- Virtual Meetings
- Clearly Defined Fees
- No Product Sales
- Complimentary Initial Consultation
Professional Designations & Affiliations
Matthew Garasic is a NAPFA-Registered Financial Advisor
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.
Matthew Garasic is a Member of the XY Planning Network
The XY Planning Network is the leading organization of fee-only financial advisors who are focused on working with Generation X and Generation Y clients. Our mission is to connect consumers with best-in-class financial advisors who specialize in working with clients just like you.
Matthew Garasic is a CERTIFIED FINANCIAL PLANNER™ Professional - Click for Verification
CFP® professionals are held to strict ethical standards to ensure financial planning recommendations are in your best interest. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can use the CFP® designation.
Matthew Garasic is Quoted in InvestmentNews: "Financial advisors tune out debt ceiling hysteria"
Matthew Garasic is Quoted on etf.com: "Uncertainty Reigns Amid Debt Ceiling Standoff"
Matthew Garasic is Quoted in Financial Planning: "Ask an advisor: Which retirement plan is the safest from lawsuits?"
Matthew Garasic is Quoted on Citywire During his Previous Role as Head of Financial Planning for GenTrust: "Kudu stakes $3bn Miami RIA GenTrust"
Matthew Garasic is Quoted on Cision PR Newswire During his Previous Role as Head of Financial Planning for GenTrust: "PreciseFP Launches New Enterprise Engagement Model to Consolidate Data Gathering Workflows and Elevate Service Experience for Firms, Advisors and Clients"
Contact Matthew Garasic
126 Richbarn Rd.
Pittsburgh, PA 15212