122. Andrew Finkelstein, Finklestein and Partners — Financial Security: How to Build Longterm Wealth

Managing partner of five firms from coast to coast, Andrew Finkelstein has recovered over $250 Million for his clients. A juggernaut in the legal industry, he views each firm as a business first, relying on customer service and technology to future proof his firms.
Andrew, managing partner at New York-based Finkelstein and Partners, also began his own bank. Empire State Bank opened in 2003 and as of March 2022 holds $542.5 million in total assets, a $26.8 million increase since December 2021. Though Andrew holds an Executive MBA from Pace University and is chairman of Empire State Bank, he believes anyone can be their own bank through overfunded whole life insurance.
On today's episode, we get into building personal wealth, how law firm owners can help employees invest in the future, and his forthcoming book "I Hope We Never Meet". The first time Andrew came on PIMM, we discussed acquisitions and mergers in the legal space. Check out that episode here.
Whats in this episode?

Who is Andrew Finkelstein?

Why did he write his forthcoming book, I Hope We Never Meet?

How does Andrew view income versus wealth?

How should law firms be thinking about tax deferred accounts to help build wealth for owners and staff?

Should law firms own their own building?

How can overfunded life insurance policies build wealth?

How can 529 accounts build generational wealth?

How should law firm owners be thinking about exit strategy?

Managing partner of five firms from coast to coast, Andrew Finkelstein has recovered over $250 Million for his clients. A juggernaut in the legal industry, he views each firm as a business first, relying on customer service and technology to future proof his firms.

Andrew, managing partner at New York-based Finkelstein and Partners, also began his own bank. Empire State Bank opened in 2003 and as of March 2022 holds $542.5 million in total assets, a $26.8 million increase since December 2021. Though Andrew holds an Executive MBA from Pace University and is chairman of Empire State Bank, he believes anyone can be their own bank through overfunded whole life insurance.

On today's episode, we get into building personal wealth, how law firm owners can help employees invest in the future, and his forthcoming book "I Hope We Never Meet". The first time Andrew came on PIMM, we discussed acquisitions and mergers in the legal space. Check out that episode here.

Whats in this episode?
Who is Andrew Finkelstein?
Why did he write his forthcoming book, I Hope We Never Meet?
How does Andrew view income versus wealth?
How should law firms be thinking about tax deferred accounts to help build wealth for owners and staff?
Should law firms own their own building?
How can overfunded life insurance policies build wealth?
How can 529 accounts build generational wealth?
How should law firm owners be thinking about exit strategy?