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This profile was last updated on 8/18/15  and contains information from public web pages and contributions from the ZoomInfo community.

Founder and Managing Partner

Phone: (212) ***-****  
Email: b***@***.com
Monarch Wealth and Business Management
209 East 31st Street
New York , New York 10022
United States

 
Background

Employment History

Board Memberships and Affiliations

  • Founder
    KRT Business Management
  • Founder
    Klarberg , Raiola & Associates

Education

  • MS , Taxation
    Pace University
  • BBA , Accounting
    Pace University
34 Total References
Web References
Monarch a financial and life management ...
www.hedgeco.net, 6 May 2012 [cached]
Monarch a financial and life management company founded by Barry Klarberg.
...
"Joining forces with Barry Klarberg, CEO of Monarch, the acquisition brings together a team of professionals with vast experience, integrity, and an understanding of how to preserve and increase the wealth of our clients."
In conjunction with Asset Alliance Wealth Management, Monarch continues to offer clients a full suite of family office service and integrate those with the components of Asset Alliance's distinct wealth management system. Monarch also seeks to continue to expand the scope of its business and wealth management services through synergistic partnerships and acquisitions of complementary businesses.
Klarberg was recently Senior Managing Director of Guggenheim Partners, LLC, heading up Guggenheim Wealth Services' New York office. He began his career at Deloitte & Touche, where he was the firm's National Director of Sports and Entertainment, before founding KRT Business Management. Barry authored "Winning Tax Strategies and Planning for Athletes and Entertainers," a book considered to be a leading resource within the business management profession. He received a BBA in Accounting and a MS in Taxation from Pace University.
...
Monarch Business and Wealth Management, LLC is a financial and life management business founded and run by Barry Klarberg.
Assante: Media Room
www.assante.ca, 28 Jan 2000 [cached]
Barry Klarberg, Managing Partner, and partner, Robert Raiola are co-authors of the AICPA book "Winning Tax Strategies and Planning for Athletes and Entertainers".
...
We believe Assante's integrated wealth and life management philosophy is an ideal fit with our firm and our clients" said Barry Klarberg."Over the years we have also seen that the financial needs of professional athletes and entertainers are distinct and I look forward to working with Assante to build a service model that will benefit all our clients."
"We are delighted to be joined by Barry and his partners Robert Raiola and Daniel Taubenfeld.
...
Barry Klarberg founded the firm in 1992, and it now includes three partners, Barry Klarberg, CPA, Managing Partner, Robert Raiola, CPA, and Daniel Taubenfeld, CPA.
...
Barry Klarberg, CPAB. 212-921-4040Cell: 914-672-1264Fax: 212-921-3765
Assante: Media Room
www.assante.com, 24 Oct 2000 [cached]
Barry Klarberg honoured by Street & Smith’s SportsBusiness JournalAssante: Media Room
...
Barry Klarberg honoured by Street & Smith's SportsBusiness Journal
Barry Klarberg, President of KRT Business Management has been selected as a recipient of this year's SportsBusiness Journal Forty Under 40 Award.
Klarberg was selected by the editors of SportsBusiness Journal from hundreds of sports executives who were nominated and considered for the award, positioning him as one of the most influential and important young executives in sports.
...
To honour Klarberg, awards ceremonies will be held November 15, 2000 at the Waldorf Astoria Hotel in New York City.Klarberg will also be featured in a special section of SportsBusiness Journal, to be published November 13, 2000.
Klarberg, 39, is the founder and President of KRT Business Management, an Assante company, headquartered in Manhattan, New York.It is a leading provider of personal financial planning, business management, accounting and tax services to over 1,000 high-net-worth individuals, including over 650 sports and entertainment clients.At the firm, Klarberg has primary management responsibility for operations and results of the company, with particular responsibility for practice development, marketing and strategy, including the direction of business management services for the firm's largest clients.
Guggenheim Partners Acquires Business and Wealth Management Firm
www.prnewswire.com, 2 Nov 2006 [cached]
NEW YORK, Nov. 2 /PRNewswire/ -- Guggenheim Wealth Management, a division of Guggenheim Partners, LLC, a global diversified financial services firm, today announced the acquisition of the financial and life management business founded and run by Barry Klarberg.He represents more than 600 professional athletes, internationally acclaimed entertainers and high net worth families."Guggenheim's innovative approach to investment and wealth management enables Barry and his team to build their practice and provide material and incremental benefits to their clients," said Guggenheim Managing Partner Andrew Rosenfield.
...
As part of Guggenheim, Klarberg continues to offer his clients a full suite of family office services and integrate those with the components of Guggenheim's distinct wealth management system."I have the good fortune of advising some of the world's most talented athletes and artists and now I add the privilege of joining an organization with a global reputation and celebrated heritage," said Klarberg."I am excited to partner with a wealth and investment management platform of such renowned talent, and be able to offer my clients their advice and attractive array of investment options."Klarberg was recently a Managing Director of Loring Ward International Inc.He began his career at Deloitte & Touche, becoming the head of its sports and entertainment practice, before founding Klarberg, Raiola & Associates.Barry co-authored "Winning Tax Strategies and Planning for Athletes and Entertainers," published by the American Institute of Certified Public Accountants and considered to be a leading resource within the business management profession.He received a BBA in Accounting and a MS in Taxation from Pace University.
Tax experts help top U.S. athletes avoid burden of higher Canadian taxes - CANOE Money
www.skicanadamag.com, 9 Aug 2001 [cached]
Barry Klarberg , a managing partner of Klarberg , Raiola & Associates in New York , says his company knows all the tricks to help athletes avoid paying higher taxes in Canada -- and claims the tax rate can be dropped to a level on par with the United States.
His firm represents more than 600 North American athletes and celebrities , including Mark Messier , Mike Modano , Mike Richter and Joe Nieuwendyk of the NHL , major league baseball players Al Leiter and Billy Wagner , and pop group 'N Sync.
There are ways of using signing bonuses and the use of an RCA trust ( Retirement Compensation Arrangement ) whereby you can actually keep the taxes near what a player would've paid in the U.S. , Klarberg said.
With a signing bonus , for instance , a player is subject to a maximum tax rate of only 15 per cent on that money.
Another option -- although it can be a complicated undertaking -- is a RCA trust that is charged a 25 per cent withholding tax upon disposition of the assets , Klarberg said.
Either way , you're effectively reducing the tax rate by reducing the amount of fully taxable income..
He said the main financial difference between the countries is additional federal taxes paid by Canadians.
The Canadian government ( at the highest tax bracket ) taxes somewhere around 48 per cent , compared with 38 per cent in the U.S..That 10 per cent difference somehow has to go away..
In Vince Carter's case , in rough terms it could mean a difference between taking home $48.88 million US after Canadian taxes versus $58.28 million after some finessing by tax experts.
...
Klarberg said probably the largest unavoidable burden for American players is sales tax -- the federal GST and provincial sales taxes.
The big thing is the onerous sales tax up in Canada.You go into a store and they tack on so much to the back end.But on certain items that you're taking out the country , you can get the taxes refunded and we help do that for players , Klarberg said.
Still , he emphasizes that for almost all players , money and taxes aren't the biggest factor.
Money can be a concern but you don't let the tax-tail wag the dog.
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