Barry J. Klarberg (born March 4, 1961) is an American businessman. He is a professional business and wealth manager for athletes, entertainers, and high-net-worth individuals.San Francisco Chronicle. "Asset Alliance Acquires Equity Interest in Klarberg's Monarch Business and Wealth Management, LLC", March 26, 2012. He was the founder and CEO of Monarch Business and Wealth Management, a full-service firm and family office that specializes in providing business and wealth management services."Monarch Wealth and Business Management Homepage".
In January 2022, Klarberg became President and Senior Managing Director at MAI Capital Management.
Klarberg has managed several prominent individuals including musician/actor Justin Timberlake,Inside."Behind Big Bucks 'N Sync-MSN Deal, a Secret Backroom Fixer" December 2003. television sports personality Stephen A. Smith, Grammy Award winner and Rock and Roll Hall of Fame inductee Journey, music group NSYNC,Billboard. "Billboard Bits: ‘N Sync, Goo Goo Dolls, Blackground" December 2001. world champion boxer Devin Haney, 2022 NFL Hall of Fame inductee Sam Mills, artist Alec Monopoly, DJ and record producer Kaskade, MLB All-Star Robinson Canó, NASCAR champion Kyle Busch, DJ and record producer John Summit, professional tennis player/model Anna Kournikova, NBA All-Star Kyle Lowry, MLB All-Star and Homerun Champion José Bautista, professional soccer player Jozy Altidore, NBA analyst and entrepreneur Jay Williams, MLS All-Star and Captain of the United States men's national soccer team Michael Bradley, and NHL Hall-of-Famer Mark Messier.New York Times. "Let's Hoist That Banner! Will Messier Join Party?" January 1995.
Klarberg holds an ownership stake in four American professional sports franchises. He is an owner of the New York Yankees, being a Partner since 2011.New York Times "Investor Who Talked to Mets Buys Part of Yankees", September 19, 2011. Klarberg is an owner of the Major League Soccer (MLS) team New York City FC.New York Times "Manchester City and Yankees to Own MLS Franchise in New York", May 21, 2013. In 2023, Klarberg also became an owner of the United States SailGP Team.Sailgp.com "Sport, Tech and Entertainment Leaders Join Forces To Purchase The United States SailGP Team, November 29, 2023.
He regularly appears on CNN, CNBC and The Wall Street Journal Report, and authored the book "Winning Tax Strategies and Planning for Athletes and Entertainers." Klarberg has also been elected to the Sports Business Journal's "Forty Under 40," as he was selected as one of the forty most influential executives in the sports business under the age of 40.Sports Business Journal. "Sports Business Journal's Forty Under 40 2000 Recipients", January 2011.
In April 2016, Klarberg represented NFL star Rob Gronkowski and launched with Monster Energy a signature beverage "Gronk" that will be distributed by Coca-Cola.Darren Rovell, ESPN "Patriots TE Rob Gronkowski signs multiyear deal with Monster drink", November 21, 2015.
In May 2016, Klarberg shaped Tom Brady’s new Simmons Beautyrest Black luxury mattress ad campaign, aiding Simmons’ marketing team in pitching the campaign to the three-time Super Bowl MVP.Sports Business Journal "Simmons Gives Patriots' No. 12 A Shot At Being 007 In New Ad", May 16, 2016.
In April 2021, Klarberg represented Bethenny Frankel in signing a multi-year deal with iHeartRadio to bring the podcast “Just B with Bethenny Frankel” to the iHeartPodcast Network.MarketScreener "iHeartMedia : Bethenny Frankel Signs Multi-Year Deal with iHeartRadio to Bring Hit Podcast “Just B with Bethenny Frankel” to the iHeartPodcast Network", April 2, 2021.
Klarberg was commissioned the honorary title Kentucky Colonel, the highest honor awarded by the Commonwealth of Kentucky, by Kentucky Governor Steven Beshear.
In 2015, Klarberg gave the commencement address at alma mater Pace University to the undergraduate Class of 2015 and received an honorary doctorate degree.Daily Voice "Pace Alumni Barry Klarberg Helps Top Stars Grow Wealth", May 30, 2015. Klarberg also returned to Pace University as an Executive-in-Residence and a Lecturer-in-Residence at the Lubin School of Business.Pace University "Pleasantville Lubin School of Business Executives in Residence", 2015. Klarberg is a member of the President's Council at Pace University.
Education and early career Klarberg received his BBA (1981) and MS in Taxation (1985) from Pace University. He was an adjunct professor of Taxation at Pace University from 1985–1989. Klarberg began his career at Deloitte in 1981, where he spent 11 years. At Deloitte, he was the National Director of Sports and Entertainment. In 1992, Klarberg formed KRT Business Management, specializing in professional wealth management services, which he eventually sold to Assante Wealth Management Services.Sports Business Journal "Assante Scoops Up Klarberg Raiola Firm", February 7, 2000.PR Newswire "Assante Corporation Acquires Leading New York Based Professional Services Firm Klarberg, Raiola & Associates", January 8, 2000.Registered Rep. "Show Me The Money", June 2002.
Preceding Monarch, Klarberg spent two years as Senior Managing Director at Guggenheim Partners. In this role, Klarberg headed up Guggenheim Wealth Services' New York office.Sports Business Journal. "Guggenheim Buys Adviser Klarberg's Firm", November 2006.
Monarch Business & Wealth Management Klarberg was the founder of Monarch Business & Wealth Management, a financial and life management company and family office that represents professional athletes, internationally acclaimed entertainers and high-net-worth families. He currently manages television sports personality Stephen A. Smith, rock band Journey, world champion boxer Devin Haney, 2022 NFL Hall of Fame inductee Sam Mills, artist Alec Monopoly, DJ and record producer Kaskade, MLB All-Star Robinson Canó, several top NASCAR drivers, DJ and record producer John Summit, Anna Kournikova, MLB All-Star C. J. Wilson, MLB All-Star and Homerun Champion José Bautista, professional soccer player Jozy Altidore, and NHL Hall-of-Famer Mark Messier, amongst others. In 2011, Asset Alliance Corporation, a New York-based private equity firm with more than $1 billion under management, acquired an equity interest in Monarch Business & Wealth Management.San Francisco Chronicle. "Asset Alliance Acquires Equity Interest in Monarch Business and Wealth Management, LLC", March 26, 2012.
In 2012, the Sports Business Journal reported on Klarberg's expansion of Monarch Management. The report of this expansion included Klarberg's proposed acquisition of Miami-based ASF Consulting, a firm owned by Allen Furst that represents several current and former MLB and NBA players, including Roy Hibbert, Jeff Green and Alonzo Mourning.Sports Business Journal. "Athlete Advisor Klarberg, Furst Close to Deal", April 9, 2012. Klarberg further expanded Monarch when he hired former Major League Baseball starting pitcher and United States Olympian Kris Benson as Managing Director at Monarch Business & Wealth Management.LinkedIn. "LinkedIn Profile for Kris Benson"
In 2013, CertusBank, a nationally chartered bank with nearly $2 billion in assets, made a strategic investment in Monarch.GlobeNewswire. "CertusBank to Make Strategic Investment in Monarch Business and Wealth Management LLC", August 19, 2013.
In April 2016, Klarberg represented NFL star Rob Gronkowski and launched with Monster Energy a signature beverage "Gronk" that will be distributed by Coca-Cola.
In 2016, Josh Klein became a partner in Monarch, whose clients include The Chainsmokers, Big Sean, Logic, DJ Snake and Kelly Rowland.
In January 2022, Klarberg sold Monarch Business & Wealth Management, a financial planning firm for high net-worth individuals, to MAI Capital Management, a company with $12.2B assets under management. Klarberg serves as Regional President and Senior Managing Director at MAI Capital Management. MIA Capital Management promoted Klarberg's son Matt Klarberg, whose clients include John Summit, Tokischa, and Devin Haney, to Managing Director of Entertainment.Billboard "Billboard’s 2023 Top Business Managers Revealed", November 20, 2023.
New York Yankees and Yankees Global Enterprises In September 2011, Klarberg became a Limited Partner of the New York Yankees. Teaming up with former Glencore oil commodities trader Ray Bartoszek, the two currently hold an ownership interest in Yankee Global Enterprises including a stake in the Yankees Entertainment & Sports Network (YES Network).David Waldstein, New York Times "Investor Talked to Mets But Buys Part of Yankees", September 20, 2011. In 2013, Klarberg also became an owner of Major League Soccer team New York City FC.
Personal life Klarberg is a resident of Greenwich, Connecticut. He is currently married to charity consultant Sara Herbert-Galloway.
Community involvement
Klarberg is actively involved in various charity and community activities including the National Meningitis Association, the USO, and Homeland Security's Federal Enforcement Foundation.Dan's Hamptons. "Barry J. Klarberg to Receive the National Meningitis Association's Nancy Ford Springer Inspiration Award" March 18, 2012. In 2011, Klarberg was selected as an Executive Committee Member of the USO Entertainment Advisory Council, which helps brings professional athletes and entertainers overseas to visit American soldiers.
In April 2012, Klarberg, along with Sara Herbert, was honored with the National Meningitis Association Nancy Ford Springer Inspiration Award for his long-standing support of NMA’s fight against the vaccine-preventable disease.Huffington Post "Meningitis: Give Kids a Shot -- Save a Kid's Life", April 25, 2012.New York Daily News. "Charlie Sheen Wants to Win Against Meningitis" April 2012.
In 2012, Klarberg was selected as a member of the 2014 NY/NJ Super Bowl XLVIII Host Committee."2014 NY/NJ Super Bowl Host Committee"
Klarberg and sons Matt and Ryan Klarberg were commissioned the honorary title Kentucky Colonel, the highest honor awarded by the Commonwealth of Kentucky, in 2012 by Kentucky Governor Steven Beshear, in recognition of their noteworthy accomplishments and outstanding service to the greater community.
In 2015, Klarberg gave the commencement address at alma mater Pace University to the undergraduate Class of 2015 and received an honorary doctorate degree. Klarberg also returned to Pace University as an Executive-in-Residence and a Lecturer-in-Residence at the Lubin School of Business.Pace University "Spring 2015 - Pleasantville Lubin School of Business - Pace University - Executives in Residence", 2015. Klarberg is a member of the President's Council at Pace University.
Since 2017, Klarberg taught "Business Developments in Sports" in the Sport Management Program at the University of Michigan in Ann Arbor, which regularly features celebrity guest lecturers. In September 2024, Big Noon Kickoff featured Klarberg's sports management class in a segment starring Mark Ingram II and Urban Meyer. Also in September 2024, recording artist and DJ John Summit lectured at Klarberg's class.The Michigan Daily "John Summit’s ‘Experts Only’ is ‘Where You Are’ and where you’ll always want to be", October 3, 2024.
In Fall 2024, Klarberg lectured at the London School of Economics as a three-part series discussing business development in sports.
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