VP and head of Miami entertainment banking for City National Bank, Rodrigo Nieto Galvis joins LeilaCobo, to share best investment advice for artists for this week’s edition of Latin Hitmaker presented by CityNational 🎧 ad.
“First, invest in your career and yourself. Especially if you’re a developing artist. What you generate has to be reinvested in yourself and your career. Investments and investment portfolios are not what will make you rich in the future. What will make you rich is your career and your work.”“I don’t think the best investment is necessary a cause or action that gives you a return; the best investment is in yourself. And my best investment is my studies, my master’s at Georgetown.
“A business manager is a professional Company that truly advises artists and creators in terms of business, how to handle their finances, their operations and their taxes. As a banker, it is easier to work when there’s a business manager involved.”“One of the biggest mistakes I see is people investing based on a promised return rather than understanding what they’re investing in. Many people and entities will offer you heaven and earth, but at the end of the day, that’s not what you get.
Walter Kolm Talks 'Discovering' Maluma, Relaunching Carlos Vives & More in New 'Latin Hitmaker' Podcast“By ‘team’ I mean, artists should have an accountant who understands U.S. tax law and an attorney who understands the entertainment industry in the United States, but also understands the bi-national or international arena, which is key for artists who are moving between countries.
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