Showbiz Wealth Management Report 2011

Mickey Segal, managing partner at Nigro Karlin Segal & Feldstein, will receive Variety’s Business Manager Elite Award today for his tremendous impact on business management and his tireless dedication to philanthropy.

NKSF is a certified public accounting firm with expertise in business management and other entertainment industry-related services. The presenting sponsor of the award event, City National Bank, will make a donation to Segal’s charity of choice, the Motion Picture Television Fund. Segal will receive the honor at a breakfast at the Beverly Wilshire Four Seasons hotel. Event will include a keynote conversation with Sam Gores, chairman of the Paradigm Agency.

Segal started NKSF with two partners in 1981. “There were just three of us and a secretary,” he recalls. Today, that practice has grown to a staff of 220 and represents high-net-worth clients across the entertainment industry (actors, directors, producers, writers, musicians) as well as athletes and sports figures.

“We’re often referred to as their personal CFOs,” Segal says. “We pay their bills, deposit income, do tax returns and estate planning, file medical claims, ensure they have proper insurance, deal with buying and building property, hire domestic staff, and handle their travel.” A-list clients include David Letterman, Lenny Kravitz and Maroon 5. “We’re totally committed to service, whatever it takes,” Segal says. “It’s very competitive and to make an impact, you have to be flexible and completely dedicated to your clients.”

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