Jan 30 2024 33 mins 1
Episode 009: Surgeons and high-income professionals often seek investment opportunities to maximize wealth. While traditional investment strategies may provide steady growth, they often lack the potential for higher returns. Private investments, however, have the potential for high growth and give access to sectors not available on public markets. The challenge lies in finding deals that are well-vetted and trustworthy.
In this episode of Alternative Universe, Steve talks with Matt McGirt, Founder & General Partner at Mammoth. Matt shares his journey of investing in alternative assets and his challenges in finding private investment opportunities aligned with his expertise and risk tolerance. He also discusses the need for a platform like Mammoth Technology that provides a menu of private investment options with a formalized diligence process, allowing investors and their advisors to make informed decisions.
Join us as we discuss:
- [01:36] - Matt's background as a neurosurgeon.
- [04:24] - Matt's early experience working with a financial advisor.
- [06:28] - The evolution of Matt's investment strategy.
- [10:37] - The untapped growth in private investments.
- [15:04] - Reasons why clients switch investor firms or financial advisors.
- [20:04] - How private markets are growing and offer true diversification.
- [23:52] - How Mammoth fills the unmet needs of investors and fund managers.
- [28:20] - Matt's experience on national TV.
Key Takeaways
- Saving and investing early in one’s career is important.
- Physicians need to work with a financial advisor who understands their unique needs.
- Surgeons and high-income professionals seek alternative investment opportunities to maximize their wealth.
- There’s a need for access to healthcare investments and private investment opportunities that align with one's expertise and risk tolerance.
- Technology platforms like Mammoth are bridging the gap between investors and private placement deals by offering a menu of private investment options with a formalized diligence process.
Quotes
"I immediately saw value in any product that can bring private placement deals to an average RIA who can't provide those with great security or diligence. That's why I got excited about the Mammoth tech product." ~ Matt McGirt
"In my community, no one had access to a healthcare investment. My access to a menu of options that had some diligence that I trusted did not exist for me or my colleagues. It's a massively underserved market, and as an industry, there's an untapped growth service line there as well." ~ Matt McGirt
"It's amazing how many clients will move to new investor firms or new financial advisors, not based on how well or how diversified a public strategy investment strategy was, but the quality and quantity of private deals." ~ Matt McGirt
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Disclosure
All content on this podcast is for informational purposes of a general nature only, and does not address any particular individual or investment. Nothing in this podcast constitutes accounting, legal, tax, financial or other professional advice. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the podcast participants may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. Please seek independent advice from a financial professional about your investment needs.
