Senior Vice President–Wealth Management
A founding member of the Cumberland River Group, James provides highly customized advice, investment solutions and financial planning services to individuals, multi-generational families and business owners in Nashville and the surrounding areas, building on his work of more than a dozen years in private wealth management.
Dedicated to truly understanding his clients, James prides himself on the relationships he has nurtured over the years. He strives to deliver an exceptional client experience as their chief financial advocate. His mission is to develop a comprehensive portfolio that integrates a client’s unique risk/return profile with estate conservation and tax planning strategies to help them ultimately achieve their financial goals and leave the legacy they desire.
James is a graduate of Hobart College in Geneva, NY with a Bachelor of Science in Biology. He also completed studies at the Department of Entomology Graduate Program at University of California at Riverside, applying computer science and statistical modeling to ecological analysis.
A current resident of Nashville, Tennessee, James is actively involved in numerous non-profit and educational organizations. He serves on the Boards of the Preservation Foundation, and Tennessee Conservation Voters, and is also a member of the Percy Priest Yacht Club. When he is not working directly with his clients or guiding the many organizations he supports, James enjoys sailing, traveling, and spending time with his two young daughters, Zinnia and Elizabeth, and his bride Travis Loller.
Registered States:AZ, CA, CO, DC, DE, FL, GA, IL, KY, LA, MD, ME, MS, NC, NH, NJ, NY, OH, OR, TN, TX, UT, VA, WA, and PR
In the newest episode of Advice You Can Trust, James and Ryan tackle a new topic surrounding the roles and responsibilities of an executor.
When faced with this role, oftentimes, individuals are unaware of the full extent of responsibilities that accompany this role. Additionally, an executor faces an apparent level of personal risk when assuming this position. Listen as James explains the duties of the role, as well as the assortment of variables to consider.
So sit back, relax, and enjoy a thought-provoking conversation that will leave you considering whether or not you’re suited for the role of an executor.
0:07 – Overview on today’s topic
2:00 – What is an executor and what does this role entail?
3:54 – Why someone shouldn’t automatically accept this responsibility without careful consideration
6:00 – What is involved with filing a will and setting up the estate bank account
8:00 – Issues that can be challenging for an executor, particularly finding all the assets
9:49 – Advice for an executors hunting for all the estate’s assets
11:56 – The roles and responsibilities surrounding paying debts and liabilities tied to the estate
14:36 – People tend to be surprised when learning all that an executor is responsible for
16:15 – Executors should be concerned with a level of risk associated with the position
21:20 – Closing remarks and final tips for executors
Connect with James Nichols: