The Things My Father Taught Me

When I think of my favorite things, I try to focus on what has real value to me.  And when I put it in that context, the things my father taught me outweigh every other contender.  Some of his advice seemed irrelevant at the time, but it would always hold me in good stead when the time was right.  If nothing else, I was uniquely prepared for business and life.

It may have taken me 50 years to truly recognize and appreciate it, but I am my father’s son.  The clues started to appear when I had children of my own.  Everyone remembers the first time they sounded like their parents – and it’s usually greeted with half-a-smile and some genuine concern.  Your kids will do that to you.

Tough love seems to be out of fashion these days, but without it, I’d hate to even think about where I’d be.  I was shaped by the tough love of my father, Aunt Ida, Fr. Sturm, Dr. and Mrs. Manzella, and Frank.  But, as I look at what has become of me, it is my father who held the chisel.

If I had a nickel for every time he called me stunad [stupid], I could have retired by my 18th birthday.  But I have to admit, I was pretty stupid, or, more accurately, I did some pretty stupid things.  He always gave me a choice – “Stupid or Lazy?”  And his favorite refrain was, “There must be something wrong with you.”

My father never talked much about his dad.  There was a time when we were having a particularly contentious moment, and he told me I was just like his father – and I don’t think it wasn’t meant as a compliment.  But as tough as my father was, his mother was the final word growing up.  She was a mean-spirited woman, and I always felt she took some of the joy out of his life.  Unfortunately for everyone in his life, he couldn’t help but default to some of her disgruntled hostility.

What I remember most about my father is that he was convinced he lived life his way, and in business, that was generally the case – but between my mother, his sister, and his mother – his personal life was pushed and pulled disruptively for most of his life.  I remember reading about Napoleon’s personal life and the troubled relationship he had with his harsh mother, wife, and sisters.  I felt then that no one escapes the brutal lens of the women closest to you.

In the end, my father chose a more forgiving and admiring lens with Elaine, and I imagine that it gave him comfort and solace in his later years [although I wasn’t around much during that time].  Yet, that comfort never conspired to push him to excel the way his mother did.  I think when my mother died when I was 9, my father felt it was up to him to provide the harsh criticism that his mother always had at the ready for him.  It was not pleasant.

“I never trusted anyone with a briefcase.”  Now that’s one of my all-time favorites [and probably why I don’t carry a briefcase or have a business card – both of which were anathema to him].  But the one adage I repeat and believe the most, “People born round, don’t die square,” may be more his sentiment than an actual quote [for which I take some credit].

“I wouldn’t hire that spoiled brat to run a warehouse.”  That one came while I was watching the inauguration of JFK.  He went on to explain that he was just a rum-runners bum son, whose father bought him the presidency, and that he should stick to sailing boats.  In retrospect, he was dead on, but, at the time, JFK was portrayed as a god to every first grader at St. Benedict’s [whose pastor, Monsignor Tobin, was as Irish as the Blarney Stone].  But his disdain gave me a healthy disregard for both politics and fame, and I can never thank him enough for that.

And so now I have a life shaped by his values: Independence, Virility, and Athleticism may be low-class values, but they stuck.  I still have an antipathy for opera, wine, and elitism.  And it will surely stay with me forever – it’s still not for me.

To an immigrant’s son, pedigree meant nothing.  It wasn’t who you were, where you came from, or who saluted you – it was how you played the game and what you have built that mattered.  And in the end, he played the game quite well.

Thanks to liquid chalk, my kitchen table is my new blackboard.

We had a great Christmas up north this year, and we finished it off with a nice impromptu day-after-Christmas family lunch before I headed to the airport.  While we were working our way through another great meal at Giancarlo’s, we went around the table talking about our plans for 2016.  Richard and Kelly got us started [and their plan of an addition to the grandchild lineup sounded like a great idea to us all].  We made our way around the table with an infectious enthusiasm for 2016.  As good as 2015 was for us all, 2016 holds even more promise.

When it was my turn, I mentioned a few things off the top of my head, but on my plane ride back to Naples, I was able to come up with a little more that I have planned for the new year.  My list starts with getting in shape, and from there I have listed most of what I am looking forward to working on in 2016.  I know some of it is repeated from previous blogs, but hope springs eternal [especially at the beginning of a new year].

9/9/90/9  The first thing that came to mind during lunch was my desire to lose some weight and get back into shape.  I need to lose 9% of my weight, and that brings me to my 9/9/90 program [because I know I am not the only one].

The program is pretty simple: Lose 9% of your weight over the first 9 weeks of 2016, and if you don’t, you have to pay everyone in the program who has lost the requisite weight $90 each, but if you do lose the weight – and keep it off – you’re guaranteed at least an extra 9 years of life.  The final weigh-in will be on April 1st.  I’d like to get all of my friends who need to lose weight to join me.  I don’t want to name names, but if I have to …  Of course, I guess I could just add in some initials [which certainly got a rise out of more than a few people in my last posting].

Right now I am about 4 pounds away from an all time fat, so the first several pounds should melt away pretty easily.  I weighed in this morning at 169.5 lbs, so I will have to lose 15.25 lbs by April 1st.  I was 154 lbs about seven years ago, and I felt great, but I’ve gotten shorter since then.

Special weight-loss diets are generally foolish because you never keep the weight off once you stop sticking to them.  So I am simply going to eat a little better, eat a little less, and exercise a little more – and that should be good for about two pounds a week.  And then if I can eliminate Coke Zero and chocolate chip cookies, I can count on another pound a week.  I’m getting a jumpstart on it by not waiting until January 1st – and I encourage everyone who is going to join in to do the same.  Weigh yourself in right now and get started.  If you need some encouragement, just call Robbie [whose weight loss has been remarkable].

Capax Archive Solutions  Ever since John cut the deal to license EAS, we have been working to provide a best-of-class enterprise archiving solution.  At Capax Discovery, Jeff and his Sceven team of programmers now offer the most trusted archiving product on the market, putting our clients in control of their information with sophisticated and reliable enterprise software.  Our enhanced Enterprise Archive Solution now offers an updated comprehensive solution for all governance and risk management requirements, and although this is the most successful of all the Advantage Co partnerships, our program will remain incomplete until we incorporate ACA into our archiving solution.  My number one business goal for 2016, therefore, is to acquire ACA.  I’ll keep you posted.

David Anthony of London, Ltd.  Dave and I are looking to develop a resource for professional services in our London office that will facilitate international operations and trade, including a focus on international law and transfer pricing solutions.  I’ve been wanting to provide International Transfer Pricing services ever since we launched CT&K over 20 years ago.  I’ve been digging up my international transfer pricing notes from my brief teaching tenure at UB.

iWorldFundraising.org  It’s been a long time coming, but we are finally getting to work on iWorldFundraising.org.  Jamie and Shauna are putting the finishing touches on our website, and I anticipate a March 1st launch.

iWorldFundraising.org will provide a revolutionary online vehicle to raise money for organizations and events.  iWorldFundraising.org is a free web-enabled fundraising program designed to help facilitate organizations and individuals raise money and create awareness for their cause, all without the hassle of traditional fundraisers and their fees.  Unlike fundraising services like GoFundMe [who charge an 8% service fee], iWorldFundraising.org will charge no fees and take no commission on any transaction.  All of the functionality and support will be donated entirely by the Walker Kids Trust.

In addition to providing a free venue for direct online cash contributions, iWorldFundraising.org will also provide members access to our iWorldFundraising online marketplace – where the entire revenue from donor purchases goes entirely to their fundraising effort.  Manufacturers and retailers will be encouraged to provide their goods and services through the iWorldFundraising online marketplace at their wholesale cost and to donate the handling and delivery of the donor purchases.

Supporting worthwhile causes is our top priority with this initiative.  We will be the complete ecommerce solution for an event, organization, or individual’s fundraising efforts.  The days of dangerously selling Girl Scout Cookies door to door are over.  There will no longer be a need to for anyone to handle cash contributions, especially children.  All transactions will be online and fully recognized.  We will provide all fundraisers with full access to our resources at zero cost to them.  This is truly a unique fundraising opportunity.  All that’s necessary from the organization is to promote access their fundraising venue, iWorldFundraising.org.

The Grivani Wine Cellar  Our Grivani wine collection from Tuscany, Italy, will be the main focus of our new premium wine shop located in the Walker Center nestled between TW&Co and Giancarlo’s Sicilian Steakhouse.  The Grivani Wine Cellar will provide cross marketing and selling opportunities with Giancarlo’s Corporate Catering and Grivani Corporate Gift Giving.  Our target opening is March 1, 2016; and we better hit that date because that’s when our first harvest of wine is showing up.

Grivani Corporate Gift-Giving.  Grivani Corporate Gift-Giving will provide our corporate clients with a full array of premium gifts as well as white glove gift giving facilitation [including the sourcing, shipping, and return processing of all gifts].  At Grivani Corporate Gift-Giving, we will also offer our corporate clients a gift giving concierge service that will provide notification of gift giving events, gift suggestions, and gift sourcing.  Additionally, Grivani will provide our corporate clients with corporate branded specialty product.

More information is at https://tonywalkerpost.com/advantage-co/grivani-corporate-gift-giving/

Walker Sports Audit  I’ve been getting anxious to launch Walker Sports Audit, and I think we can get it done by the summer.  Walker Sports Audit will provide an independent third party audit service that autonomously evaluates our client’s entire portfolio of endorsements, contracts, investments, compliance, and tax reporting for a fixed or contingency fee.  For more information see the WSA blog post at https://tonywalkerpost.com/2015/07/13/walker-sports-audit/

Advantage Business Exchange [ABX]  ABX is being developed to provide a trusted one-stop venue for all of our commercial, institutional, and government clients by enabling direct access to premium resources to facilitate and enhance all of their various business activities.  All of our services, programs, and products will be fully vetted for our clients’ assurance that they are receiving the finest resources befitting their specific needs.

By identifying, certifying, and making available the key resources of our Advantage Co’s and affiliates in our Advantage Resource Library, we will be able to develop a worldwide network of sales agents, as well as provide a more universally accessible resource for our current sales groups.

The first ABX was recently launched in our Walker Center in Williamsville, NY, and it has the potential to grow worldwide.  Although I am not that actively involved, I am looking forward to working with everyone on this.

Of course, there are still all of our FedCloud Resources to be developed, as well as the relaunching of C1 Resources.  But, let’s face it, when it is all said and done, I still like renovating our stores and our homes more than anything, so that’s where you will probably find me.

I’m going to hit the Publish button, but I will definitely edit it after I hear about the mistakes I most likely made in the morning.  You can never proof read enough.

My Enemies

enemy [en-uh-mee] noun  a person who feels hatred for, fosters harmful designs against, or engages in antagonistic activities against another; an adversary or opponent.

What kind of dire state does one have to be in to make up a list of their [hopefully miserable] enemies?  Actually, I’m feeling pretty good about everything these days, and my enemies are not a burden.  So don’t expect any animus in this posting.

Enemies are so stimulating. – Katharine Hepburn

God said to love your enemies, but he never said not to have them, and thankfully I still have a few.  But why stir up trouble by bringing attention to them?  The truth is my enemies really are amongst my favorite things.  They have occupied a good deal of my attention over the years, and, not surprisingly, I miss their stimulation as I morph into this latest iteration of me.

Friends come and go but enemies accumulate. – Arthur Bloch

Now, I’m not saying that this kinder, gentler, more patient version of Tony is not still accumulating enemies, but the opportunities are not as frequent.  I miss the fertile battleground of home.

Home is anywhere that you know all your friends and all your enemies. – Orson Scott Card

The biggest change in my life, especially as it relates to making and keeping enemies, has been my move to Naples, Florida.  Living down here for most of the past several years [other than my delightful summer respites in Williamsville from Memorial Day to Labor Day] has removed me from most of the skirmishes that had previously led to so many invigorating confrontations.

Heaven has no rage like love to hatred turned, nor hell a fury like a woman scorned. – William Congreve

But back home there was even more fertile land to sow the seeds of enmity.  In retrospect, nothing stirred up the pot of animosity more than my relationship with women.  These days there is no longer the mystery to women that captivated me so convincingly, but that has not diminished my memories of those that occupied me so fervidly.

Unfortunately, I have to admit that my affectionate memories may run counter to their recollection.  Nevertheless, their passion, even when it was turned against me, made me know I was alive, and it will never dissipate.

Even paranoids have real enemies. – Delmore Schwartz

While building the Stereo Advantage in the early days, engaging the competition head-on was undeniably the most energizing part of my life.  From 1978 to 1991, I was focused and ferocious in my pursuit of fending off all of my real or imagined foes.

Enemies make you stronger, allies make you weaker. – Frank Herbert

Stereo Plus, Purchase Radio, Altronics, Sounds Great, Transcendental Audio, Stereo Chamber, Silo, Leechmere, and on and on – all came and went, and I’d like to think we played a part in their demise.  The beauty of it was that it was simply survival of the fittest.  It was not about retribution or vengeance.  It was all about kicking ass and taking names.  I can say without a doubt that it was the relentless competition that forged our resolve and enabled our success.

Kill them with success and bury them with a smile. – Paul Hudson

And now I am sitting in my office on a beautiful Sunday morning in Naples.  The sun just snuck out from a morning rain, and we’ll be heading out for a little breakfast at Poached after I hit the publish button for this post.  Two eggs over easy, crisp bacon, and some raisin toast that tastes like dessert.  I’ll finish off the day with a little web development for the new Advantage Business Exchange and maybe a Skype with some of my kids or friends up north.

When my enemies stop hissing, I shall know I’m slipping. – Maria Callas

And then I’ll fall asleep comforted by the possibility that my enemies might miss me.  But the fact of the matter is that I am simply forgotten.  I never mattered as much to them as they did to me.  So it goes.

A doubtful friend is worse than a certain enemy. Let a man be one thing or the other, and we then know how to meet him. – Aesop
Forgive your enemies, but never forget their names. – John F. Kennedy
Treat your friend as if he might become an enemy. – Publilius Syrus
If you have always been my enemy, it’s still that way. – Suge Knight
Always forgive your enemies – nothing annoys them so much. – Oscar Wilde
An excellent man; he has no enemies; and none of his friends like him. – Oscar Wilde
Never explain – your friends do not need it and your enemies will not believe you anyway. – Elbert Hubbard
Now, now my good man, this is no time to be making enemies. – Voltaire on his deathbed in response to a priest asking him that he renounce Satan.
I like to have powerful enemies.  Makes me feel important. – Leigh Bardugo
I choose my acquaintances for their good character and my enemies for their intellect.  A man cannot be too careful in the choice of his enemies. – Oscar Wilde

Happy People

For this posting of my favorite things, I was deciding between the morning sun in Naples and happy people.  Happy people won out because no matter where you are happy people make you feel as if the sun is shining on you [while miserable people are a dark cloud that hang over you no matter how bright the sun is shining].

Here in Naples, I get the best of both: I am only around happy people [by choice and design] and the sun shines every day.  I purposely and resolutely choose to only be around positive people, and I avoid miserable people like the plague.  And accessing the rest of the world through Skype shields me from most of the discomfort the world has to offer, but at 62, I’ll take it.  I am more comfortable and certainly more effective.

Joe, Dave, Ron, Dej, and Al are all visiting this weekend; and next week the kids are coming in for my birthday.  And from there we’ll have a steady stream of [happy] friends visiting over the next 6 months.  Life is good.

The good news is that happiness is a choice.  We all know how miserable people can be, and they have a myriad of excuses for their angst, but as Fr. Sturm always told me, if you don’t appreciate the gift of life – you don’t deserve it.

You are alive, so enjoy it.  And if you don’t enjoy life, please stay away from me.  Maybe if we all had that rule, we’d have a lot more happy people in the world.  The joke down here with the grandkids is that papa’s house is the no whine zone – and it works.  Of course it helps that they are happy kids to begin with, but a little reinforcement never hurts.

I’m back in Naples, and I’m excited to be back at it 100%.  We have a busy season ahead of us, and, in addition to all that is going on, we are getting ready to launch over a dozen new ventures.  Walker Sports Audit, iWorldFundraising, Grivani Corporate Gift Giving Registry, Grivani Wine, Keller Cellar, Porta Via Cafe’, Christian Co-Op, Christeus, FedCloud Vault, FedDROP, College Rep Program, ABX, TW&Co Naples, Al Marie Cosmetics, Fashion Resource Group, Advantage Divorce Services, … are all opportunities we are looking to develop.

I enjoyed getting some of our Advantage Global Management team a little jacked up about risk-free investment the other day before I left town.  It was fun.  I’ve let it sit a few days, and I’m certain a few of them have been wondering [and challenging] just how in the world it is possible to have zero risk investments?  Well, admittedly, I took some dramatic license to get them in the right frame of mind [because it is essential that we launch quite a few new businesses that are expense driven].

Yes, the government is, as repeatedly I pointed out, really going to foot half the bill, but it is not totally risk free [but it’s close].  Below is how I see the tax dynamic of expense driven investments actually working for us:

The IRS and the New York State Department of Taxation and Finance have combined to dramatically reduce the risk with Expense Driven Investing in NY State for the investor who has a profitable NY State business operation to offset any potential losses.

Before I go any further, let me differentiate Expense Driven Investments [EDI] from Capital Driven Investments [CDI].  Expense Driven Investments are made with pre-tax earnings in business ventures that call for fully deductible expenditures like payroll, marketing, website hosting, utilities, travel, etc. to develop the business rather than depreciable capital expenditures.  While Capital Driven Investments are made with after-tax earnings in business ventures that call for significant depreciable capital investments like inventory, equipment, buildings, etc, or, worse yet, non-depreciable stock purchases.

The reason why EDIs are reduced risk is because of the 50% tax burden that the IRS [39.6%] and NY State [8.82%] put on earnings in excess of $400k derived from LLCs or SubChapter S Corporations, both of which flow all profits directly to the shareholders.

There is a dramatic difference between pre-tax earnings and after-tax earnings.

If you have a business operation that is delivering in excess of $400k in taxable profit, you are essentially paying 50% in taxes on every dollar over $400k. Your $400k in pre-tax earnings turn into $200k in after-tax earnings.  This means your pre-tax earnings are cut in half before you actually get to invest them.  And that means that your investment impact is cut in half.

If you make a Capital Driven Investment, you must first earn almost double the capital investment. Let’s say that you are going to invest $200,000 in a stock purchase or a new business through a capital investment.  In NY State, you would have to earn $400k in pre-tax income, pay $200k in federal [39.6%] and state income tax [8.82%], and then invest the remaining after-tax earnings of $200k.

This means that if you were to buy $200k worth of Apple stock at today’s price [$112], you would have to sell that stock at $280 per share for you to get back to your original $400k in pre-tax earnings.  How likely is a 150% increase in that stock price?  And that’s just to get you back to your original pre-tax earnings of $400k.

But if you were to invest your $400k pre-tax earnings in an Expense Driven Investment, you would get the full impact of your $400k.  In essence, the government is saying that if you are too lazy to invest your earnings, they’ll gladly take half.

With reduced risk EDIs your investments only have to succeed half the time instead of all the time.

Let’s say you have various business investments that generate $5M in pre-tax earnings.  At the end of the year the government will gladly take 50% of it.  They will thank you for your contribution.  And let’s say that you are going to make another $5M the next year. Well, it is the same story – another $2.5M goes right to a very appreciative government.  At the end of two years you are left with $5M of the $10M you have earned and the government has $5M of it as well.

That leaves you $5M to invest with no margin for error.

But let’s say you were to take your $5M in 2016 pre-tax earnings and invest it all in 25 different expense driven businesses [at an average of $200k in each].  And let’s say you have a tough go of it and half of the new business ventures fail.  You have a gaggle of K1’s that add up to $2.5M in losses. $2.5M has been squandered.  But here’s the good news: You get to deduct that entire $5M investment because it is all in deductible expenses, and that means that the $5M you earn is offset completely by the $5M you spent on you EDIs.  At the end of two years you still have another $2.5M to invest and $2.5M in new business operations [if only half succeed].  And we aren’t even taking into consideration what the earnings might be on the half of the businesses that didn’t completely fail.

With your pre-tax earnings invested in EDIs you double the investment impact of every dollar you invest.

I used a combined tax rate of 50% for my calculations since using 48.42% would have been cumbersome and the 1.58% differential is not really substantive to my premise.

My Signet Ring with Frank’s Initials

A couple of years ago, I had a signet ring made with Frank’s initials on it.  Frank Thomas Gaglione [FGT] with a big G in the middle.  He had given me a signet ring back in the 60’s when he got married, and somehow I lost it, but it never stopped being one of my favorite things – so I replaced it.

It’s been a few years now that Frank has been gone, and I still find it hard to write about him without getting emotional.  There is no one I miss more.  And while family is a gift to be loved and nurtured, a friendship is to be truly treasured.

Frank and I were best friends for 50 years.  We use to say we were like brothers, but, after what I’ve seen of brothers, I prefer to say we were the best of friends.

I was looking for a pithy quote on friendship, but nothing seemed to resonate with the friendship Frank and I shared.  Frankly, we fought more than anything.  When I look back to all the moments that defined our friendship, more often than not it’s us fighting about something.  But, through it all, no one looked after me more – and vice versa.

So, when it comes to friendship, I’d have to say that my time with Frank is, to me, the very definition of friendship.  We fought, we laughed, we conspired, and we often disappointed each other, but we always looked after each other.  We won and we lost together.  I certainly could have lost on my own, but I could never have won without him.

Modern History of Signet Ring – How it got its existence?
Written by Jason Phillips

Modern signet rings are purely decorative, but in historical times, these rings played an important role.  Today, people buy a signet ring because it’s a distinctive piece of jewelry that expresses them personally.  They might not even realize that they’re carrying on a long tradition. T he history of signet rings is lengthy and illustrious.

How signet rings were used
In historical times, signet rings were often quite beautiful, but they were more than that – they had an important role in society.  These rings were developed as an identification mark.  Rather than signing their name on a document, people would use a signet ring to make their mark.  The ring would be pressed into hot wax or soft clay, and would leave a distinctive impression that functioned as an official seal.

Used by rulers and religious leaders, a signet ring could be used to mark a document, a doorway, or even to seal a tomb.  When someone saw the mark of the king, it proved authenticity.  The seal could not be opened without damaging the identifying mark, making it difficult to tamper with.  Because of how they were used, these rings are also known as seal rings.

Ring designs featured an identifiable mark of the person wearing it.  Often this was a coat of arms or family crest.  Because the ring was intended to leave an impression, the ring maker needed to create the design in mirror image on the ring.  This way, the finished impression would come out correctly.

As far back as 3500 BC, people in Mesopotamia began using signet seals.  These were usually cylindrical devices that would be rolled across wet clay, leaving a distinctive impression.  They sealed jars and packages this way.  In ancient Egypt, pharaohs and nobles used signet rings made of stone or a blue pottery called faience.  These rings were flat on one side, with an ornately inscribed design with symbols and hieroglyphic writing.

The Bible also contains references to signet rings.  The Old Testament tells the story of Daniel in the lion’s den.  The king closed the mouth of the den, and then sealed it with his signet ring and those of his nobles, so that Daniel could not escape. (Daniel 6:17)

In medieval times, important people used signet rings to sign and seal their letters.  This proved that they were authentic, and prevented forgeries and tampering.  Soon, all important legal documents had to be stamped with a signet ring.  During the fourteenth century and the reign of England’s King Edward II, it was established that all official government documents had to bear the seal of the king’s signet ring.

Legitimate signet rings were very rare.  A king wouldn’t copies of his ring in circulation, which could be used for fraudulent purposes.  Also, rings were often destroyed when their wearer died.  Authentic antique signet rings are rare and valuable.

http://www.history1700s.com/index.php/articles/14-guest-authors/703-modern-history-of-signet-ring-how-it-got-its-existence.html

Walker Sports Audit ensures you are receiving representation from trusted advisors that you can trust.

Walker Sports Audit is an independent audit service that autonomously evaluates our client’s entire portfolio of endorsements, contracts, investments, compliance, and tax reporting for a fixed or contingency fee.  WSA also evaluates and rates all of our client’s financial relationships, especially with their agents, lawyers, accountants, coaches, doctors, trainers, advisors, family, and friends.  Additionally, WSA can provide our clients with an independent continuous monitoring service for all of their financial activity.

Walker Sports Audit is an independent third party audit service that autonomously evaluates our client’s entire portfolio of endorsements, contracts, investments, compliance, and tax reporting for a fixed or contingency fee.  WSA also evaluates and rates all of our client’s financial relationships, especially with their agents, lawyers, accountants, coaches, doctors, trainers, advisors, family, and friends.  Additionally, WSA provides our clients with an independent continuous monitoring service for all of their financial activity.

Our WSA services are available on a fixed or contingency fee basis.

Most importantly, no WSA service provider will ever be able to be engaged by our clients beyond our WSA engagement.  We will not be looking to solicit clients beyond our stated services.  We will never attempt to replace our clients accountants, agents, etc., we will simply be offering them a very valuable and necessary audit and evaluation with a degree of separation that ensures no compromising agenda or misplaced loyalties.

Although we will initially be addressing athletes and celebrities [who fill the news every day with horror stories of how they were ruined by embezzlement from their most trusted advisors], we feel our independent audit and continuous monitoring services will also prove valuable to clients who have considerable estates with little personal business acumen or experience.  Estates acquired through inheritance or divorce are particularly at risk from unscrupulous or indifferent fiduciary oversight.

There are four main components of our WSA services:

• Independent Forensic Audit
• Advacovery
• Continuous Financial Monitoring
• Walker Sports Audit Trusted Advisor Rating Service

Advacovery
A key component of Walker Sports Audit is our Advacovery service.

At one point or another, even the most astute and careful company [or individual] might require Advacovery’s independent forensic audit in order to uncover any financial malfeasance or loss.  

Most successful people and companies have reliable and trusted people watching their money, but who is watching them?    

Unfortunately, even the most reliable trusted advisors or employees sometimes undermine the trust placed in them.  And while a immediate and thorough Advacovery forensic audit will expose any any financial malfeasance or loss, our Advacovery service goes beyond the discovery process to facilitate the actual recovery of assets and reduction of liabilities.

All of Advacovery’s review and recovery services are provided on a contingency fee basis.  This fee arrangement ensures that Advacovery’s investigative team will not only unearth any breach of trust or misuse of resources but, more importantly, be proactive in the recovery of losses exposed.