• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Saturday, April 1, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
bagels to bonds samwhite

Bagels to Bonds

by Rick Weinberg, Editor in Chief, California Business Journal
A A
Share on FacebookShare on Twitter

Sam White had an entrepreneurial spirit even as a 10-year old. Today, he’s a top financial adviser, managing $600 million.

By Rick Weinberg, Editor, California Business Journal.

While his friends were sound asleep or watching cartoons on Sunday mornings, 10-year-old Sam White was out delivering bagels, orange juice and a copy of The New York Times to clients in his Los Angeles neighborhood.

“I was very entrepreneurial,” he says. “When I had a paper route, I always wanted a bigger one.”

When he didn’t get one, he decided to beat the other kids by creating a “bagel route,” earning $1 profit per house as a delivery charge. He started with 10 homes and worked his way up to 80 houses.

“My dad drove me, so he took 10 percent for gas and insurance,” White recalls with a laugh. “I learned business semantics at a very young age: you don’t get 100 percent gross to net. Still, if I had $80 in my pocket and had to give $8 to my dad, $72 was a pretty good day for a 10-year-old kid.”

More than a quarter century later, White is still ahead of the rest and at the top of his profession, hauling in more than $10 million in production on assets topping $600 million for Edward Jones, one of the nation’s largest investment companies.

W

hite has made his mark by specializing in retirement planning.

“In 1999, my business plateaued,” he says. That’s when he felt he was ready to establish a niche. He picked a favorite: retirement planning.

“Every financial advisor wants to be part of the retirement planning game,” he says. “That’s because it’s the biggest check people get and they have to make a quick decision as to where that money is going. So what I did was throw myself into it for an entire year, learning everything I could about lump-sum distributions, non-spouse beneficiaries and 72(t) rules.”

Then he launched a fierce marketing campaign that included buying time on Los Angeles’ top AM radio station to do an “Investment Minute” three times a week, putting on a series of seminars and establishing a newsletter.

ADVERTISEMENT

“It was like a political campaign,” White says. “Basically, when people hear you on the radio going to work and coming back from work, then find a flier at their door, you’re becoming ingrained in their minds. My goal was that when people thought about retirement planning, the first thing to enter their minds was, ‘Yeah, that’s Sam White’s niche.'”

holding moneyAfter work, White is involved in a variety of charitable organizations. He is on the board of the ALS Association of California. Four years ago, he launched an annual golf tournament to raise money to find a cure for ALS, commonly known as Lou Gerhig’s disease. The event brings in about $50,000 each year. He is also on the board of directors for USC’s School of Business and he volunteers at his temple, Adat Shalom Synagogue.

White finds the outside interests fulfilling, yet nothing’s better, he says, than educating people about retirement and ensuring their financial futures.

“The greatest thing about being in this business is when a client tells you, ‘Thank you. I never dreamed I’d be secure like this in retirement,'” he says. “It’s a great feeling to know the type of impact you have on people’s lives. It’s what has always driven me and it’s what will continue to drive me.”

To view the magazine version of this article, click here.

[Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known journalist, writer and reporter who has worked for the New York Times, FOX and ESPN. He launched CalBizJournal.com to focus on California businesses and business professionals and California business information and news.]

Tags: CaliforniaFinancial Adviserfinancial advisorfocusgolfinformationinsuranceinvestmentjournalistjuiceLos AngelesmarketingNew Yorkreporterretirementretirement planningSAMspecializingUSC
ADVERTISEMENT
Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815

Related Posts

NYSE
The ABCs of Trading a Stock
Performance Bonds in Construction
Performance Bonds in Construction: What Are They and What You Should Know
Plan Your Retirement
6 Tips to Help You Plan Your Retirement
advertisement
ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN

Commercial Relationship Manager 3, Wells Fargo Bank, N.A., Los Angeles, California:

Represent the bank in developing and maintaining client relationships within middle market and mid-corporate banking.

Position requires a Bachelor’s degree in Business Administration, Finance, or related field and 3 years of experience. Requires up to 20% travel.

To apply, send resume to recruiter_inbox@wellsfargo.com and reference Requisition # 000329 in the subject line.

Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0

Latest Articles

The Hassle of Moving Can be Minimized

The Hassle of Moving Can be Minimized

Rights of Bicyclists on The Road

Rights of Bicyclists on The Road

How Is Bitcoin Used In Online Casinos?

How Is Bitcoin Used In Online Casinos?

A Guide into Securing Your Dream Car

A Guide into Securing Your Dream Car

How Strong Are Delta 8 Gummies?

How Strong Are Delta 8 Gummies?

AI Impact On The Automotive World

AI Impact On The Automotive World

Future Trends and Innovations in Camera for Computers Technology

Future Trends and Innovations in Camera for Computers Technology

The Most Difficult Aspects of Fishing Revealed

The Most Difficult Aspects of Fishing Revealed

What Actually Are Delta 10 Gummies, and How Do They Distinguish from THC?

What Actually Are Delta 10 Gummies, and How Do They Distinguish from THC?

When Is The Best Time To Move?

When Is The Best Time To Move?

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR