Wayne DeMeester, the managing director of Definitive Advisors, LLC, a investment advisory firm headquartered in Seattle, Washington, draws on more than a quarter century of experience in the industry. He has worked for such industry leaders as Wachovia, which has since merged with Wells Fargo, and KBR Capital Partners, a New York-based private equity firm. Wayne DeMeester earned his MBA from the Wharton School at the University of Pennsylvania.
Renowned worldwide as one of the premier business schools, the Wharton School also is unique because it was the very first business school established as part of a university. That is, the University of Pennsylvania was the first university to consider a body of knowledge oriented around business itself to be worthy of a university degree, whether bachelor’s or advanced. It took the revolutionary move in response to Joseph Wharton, who inherited considerable wealth from his family and went on to create a new fortune with his companies Bethlehem Steel and American Nickel.
At the time of the Wharton School’s founding, the American economy was undergoing dramatic changes. The first industrial revolution was marked largely by the transition from animate sources of power, such as oxen and horses, to inanimate sources like steam engines and water wheels. The second industrial revolution was even more significant, as it involved new technologies that brought with them enormous economies of scale and the capacity for producing extraordinary wealth in short periods of time. Joseph Wharton recognized before most that the knowledge and business acumen required to drive the new industries was far greater than the traditional courses taught in colleges and universities at the time.
The Wharton School was founded in 1881 as the Wharton School of Finance and Economy and changed its name in 1902 when it became the Wharton School of Finance and Commerce. It changed its name again in 1972 to the name by which it is known worldwide: the Wharton School.
A registered investment advisor who works in the state of Washington, Wayne Demeester is a principal in Blue Skye LLC and a co-founder of Definitive Advisors, LLC. Wayne Demeester offers a range of wealth management and retirement planning products and services for clients, including tax planning. He keeps his clients informed on important changes in tax laws, such as those that are occurring in 2013.
With the expiration of the Bush-era tax cuts, Congress has passed new legislation that revises the tax code for 2013. A new 39.6% tax rate applies to single tax filers earning over $400,000, or head-of-household filers earning in excess of $425,000. The 39.6% rate also applies to married couples who file joint returns with a combined income over $450,000, or with an income exceeding $225,000 if they file separately. This new tax rate represents a 4.6% increase from the previous year.
Higher income taxpayers can also expect other changes. There are new surtaxes on investment income, as well as additional healthcare-related taxes. For persons making more than $200,000, an additional .9% will be assessed for Medicare taxes. For individuals with unearned income exceeding $200,000, or for married couples filing jointly and earning more than $250,000, a 3.8% Affordable Care Act surcharge will be assessed. Additionally, some high-income earners may also be affected by reductions in personal exemptions and itemized deductions in 2013.
Operating from a base in Bellevue, Washington, the mission of the charity organization Mamma’s Hands is not only to feed and house people who are homeless, but also to help them regain hope and dignity. Mamma’s Hands began in 1990 as the result of an encounter between businessman Denny Hancock and two street people, a father and son. Spurred to action, Hancock began distributing clothing, blankets, and food to an expanding group.
Hancock found other, unique ways to serve, starting the Phone Home program, in which volunteers carrying cell phones encourage the homeless to call their families and possibly reunite with them. This effort has helped hundreds of people renew family ties.
Mamma’s Hands also operates the House of Hope in western Washington. The facility provides a secure shelter for women and children, where they can learn principles of independent living. The House of Hope uses a tough love approach to improve life skills and provide educational opportunities.
About Wayne Demeester: A supporter of Mamma’s Hands, Wayne Demeester is a registered investment adviser, working in Seattle; St. George, Utah; and Tempe, Arizona.
With the help of chapters in 57 countries, the Ronald McDonald House Charities (RMHC) enables children with serious diseases to recover alongside their families. RMHC provides a place for families to stay while a child is in the hospital. This service applies to children up to 18 or 21 years of age.
The history of RMHC began in Philadelphia, where the first house opened in 1974, initiated by Dr. Audrey Evans, several members of the Philadelphia Eagles organization, and McDonald’s regional manager Ed Rensi. The first house was sponsored partially with the proceeds of McDonald’s Shamrock Shakes. Since then, donations from McDonald’s, other corporations, and individuals have made possible an expansion to 309 Houses around the world.
Over its nearly 40 years of operation, RMHC has established two other programs to carry out its mission. The Ronald McDonald Family Rooms, located in hospitals, provide such services as shower and laundry facilities, Internet access, and a quiet room. The Ronald McDonald Care Mobiles travel to underserved areas and offer education, diagnosis, and treatment to meet pediatric medical needs.
About Wayne Demeester: A former board member of Ronald McDonald’s Children’s Charities, investment adviser Wayne Demeester assisted RRS & Company of Tempe, Arizona, in raising $100 million for its Private Equity Pathfinder Fund.
Mamma’s Hands is a Seattle-based charity organization that provides services to the homeless community in the city. The organization delivers clothes, food, and other supplies; provides shelter to women and children at House of Hope; and allows those in need to reach out to family members through the Phone Home Program. If you’re interested in getting involved, there are two primary ways you can help:
1. Volunteer: The organization is always looking for new volunteers. Volunteers can be of great assistance with the Phone Home Program, where they will ride the Mamma’s Hand bus to find groups of homeless people and allow them usage of phones to call home. Volunteers can also lend time at the House of Hope by gardening, painting, building, babysitting, and more. Additionally, volunteers can organize and coordinate clothing and food drives, volunteer as job search counselors, and provide assistance with special events.
2. Contribute: If you want to help but do not have a lot of spare time, you can always give a financial contribution at a fundraising event or simply over the Internet or via the mail.
Visit www.mammashands.org today to learn more.
About the author: Wayne Demeester is an investment banker who works in Seattle, Tempe, and St. George, Washington. He is the cofounder of Definitive Advisors, LLC and a principal in Blue Sky inc.
With more than 50 golf courses within the city and its surrounding areas, Seattle offers golfers numerous opportunities for enjoyment. While many of the facilities are private, the city oversees four municipal golf courses that cater to individuals regardless of skill level. Comprised of more than 6,200 yards, the nearly 100-year-old Jefferson Park Golf Course features a 9-hole Executive golf course. Operational since 1935, West Seattle Golf Course recently won Golf Digest’s Award for One of America’s 50 Best 19th Holes. Those who choose Jackson Park Golf Course can decide between the 9-hole Executive course and the 18-hole Championship course. Finally, Interbay Golf Center offers an award-winning heated driving range.
Moreover, the city has shown a commitment towards its golfing community by enacting Golf Financial Policies in 2006. This resolution uses golf revenues to support golf capital improvements such as perimeter trails, tee-to-green cart paths, and driving range expansions. This will help Seattle-area courses like Sahalee Country Club stay high on the list of Washington’s top golf courses alongside Chambers Bay, Tumble Creek Club, The Members Club, and Royal Oaks Country Club.
About the Author:
For 16 years, Wayne Demeester performed as Managing Director of Corporate and Executive Services at Wachovia in Seattle. A member at Sahalee Country Club, one of the nation’s top 50 golf courses, Demeester enjoys hitting the links at the various courses near the city.
The Rollins Center for Entrepreneurship & Technology is housed by Brigham Young University Marriot School of Business in Provo, Utah. The Center’s primary mission focuses on preparing students to become viable and successful business leaders who can build sustainable businesses in an increasingly high-tech world. The Center also sponsors and facilitates faculty research to advance entrepreneurial and technological innovation and promotes activities that connect faculty with business leaders.
The Center operates under the motto “Learn, Earn, Return.” Students learn from business professionals through networking opportunities, competitions, eBusiness Day, and the Entrepreneur Lecture Series. They use these connections and educational opportunities to begin their own companies while studying, developing their ideas with the help of prominent business people as well as faculty. Finally, students experience the value of giving back to future generations of students in their mentoring relationships with business leaders.
About the author: Wayne Demeester is a current advisory board member for the Rollins Center for Entrepreneurship & Technology. He works in the financial services industry.