The Red Zone and the Five Year Rule – Enterprise Podcast Network

Nick Bertha, Director of Wealth and Trust Planning and President of Fieldpoint Private Trust Company, as well as Adam Ercoli, Director of Commercial Banking at Fieldpoint Private, a fast-growing private bank serving entrepreneurs, families, businesses and institutions join Enterprise Radio.

Listen to introduce Eric Dye and guests Nick Bertha and Adam Ercoli discuss the following:

  1. Adam, for business owners contemplating an eventual sale of their business, is there a single greater threat to realizing the full financial value of what they’ve built?
  2. Talk about valuation. That’s like an act of God… are there steps entrepreneurs can take to mitigate the risk of reaching a bad point in the cycle?
  3. Nick, can employee stock plans, also called ESOPs, be a part of this?
  4. Talk about the tax piece… what is the tax risk and how can homeowners reduce it?

Mr Nick Bertha is president of Fieldpoint Trust Company and works with clients of Fieldpoint Private Securities, LLC on complex income and estate tax issues, helping ultra-high net worth families manage their wealth. He has expert level ability in tax law, transfer of wealth, and trusts and probate. His extensive career, spanning more than 30 years, includes prominent positions at Credit Suisse, DLJ and US Trust Company, where he led the Financial Advisory Group for many years. His work has been published in leading magazines such as Trusts & Estates Magazine and Tax Lawyer. He is currently a member of the Board of Conferences of the Division of Trust and Wealth Management of the American Bankers Association. Mr. Bertha holds bachelor’s and juris doctorates from Marquette University and a master’s degree in taxation from the University of Wisconsin, Milwaukee campus.

Check out this investment professional’s background on FINRA’s BrokerCheck.

Mister. adam ercoli joined Fieldpoint Private in 2020, bringing 15 years of financial services experience, including more than a decade in commercial banking. Most recently, he was with Patriot Bank, based in Stamford, Connecticut, where he served as a commercial banking team leader, managing commercial loans and branch staff, and working with entrepreneurial clients to provide commercial and industrial loans, leveraged financing and credit. commercial real estate. . Before that, he was a commercial banker at Connecticut Community Bank. Mr. Ercoli began his commercial banking career in Florida with Synovus Bank and Fifth Third Bank in Sarasota.

Mr. Ercoli earned his bachelor’s degree in business administration from Marist College and his master’s degree in business administration from the University of Tampa. In addition, he is a graduate of the Stonier School of Banking at the Wharton School of Business at the University of Pennsylvania. Since 2015 he has served as director of the ONS Foundation for Clinical Research and Education.


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