An Intense Desire to Win
He is driven by an intense desire to win, whether in investing, serving clients, or playing as a scratch golfer in a golf tournament.
Golf was his strongest sport as a high school athlete who also played football, baseball, basketball and soccer. The competitive streak in him grew when he earned a double-major degrees in economics with finance and public policy at Southern Methodist University in Dallas.
His zeal for winning intensified as he went to work for merchant banks, spotting acquisition opportunities for corporate clients, and then entered the fiercely competitive software industry.
When Jason joined National Retirement Partners in 2002, he was employee #3. He recruited advisors and learned the business—fund monitoring, Modern Portfolio Theory, how to analyze and scrutinize fund managers in a deeper way.
The Power of Compounding
Once a year, he would meet on-site for a full day of one-on-one sessions with the employees of a big client he still serves to this day.
He marveled at how much wealth they had been able to build up.
“All these people, just by putting in a little money every two weeks through their paychecks, just by dollar-averaging, they had a very good performance,” he says.
Gradually, it occurred to him that too many wealth managers at big Wall Street houses fail to recognize the upside of patience, discipline, and slow-and-steady.
“They try to do too much. They move around money too much. They think they are smarter than they are. And they don’t know how to analyze risk, what to look for,” he says.
At the same time, he saw that some clients were falling short of their investment potential. They were playing it too safe, taking on too little risk. So, he began looking for a better way.
The company he helped build, NRP, got acquired by LPL Financial, a publicly traded company in 2010. Three years later he formed what is now Prattes Wealth Partners.
Jason links his competitive drive to his Greek American heritage. He grew up in Capistrano Beach, Calif. in a large, extended family.
Holiday celebrations were crowded affairs, drawing aunts, uncles, and cousins by the dozens.
He was baptized as a one-year-old in the local Greek Orthodox Church, and 35 years later he was married there. He is the father of three daughters (with a fourth due in early 2022).
“For thousands of years, Greeks were warriors,” Jason says. “Greeks have grit. They work very hard, and they grind hard to accomplish something. I fall into that category.”
Investing for clients, he says, “works the same way.”