Marc Labadie is the Executive Vice President at RTD Financial. In addition to overseeing RTD’s business lines and strategic initiatives, he works directly with the firm’s entity clients. Marc specializes in working with the boards and finance committees of national and international nonprofit organizations, the retirement plan committees of small-to-middle market companies, and with attorneys or family members serving as trustees. In this capacity, he brings his formal training and experience in serving as a fiduciary to advise and educate clients placed in this important, and often unfamiliar role.
The son of a chemical engineer, Marc spent more than a few family dinners and homework sessions during his childhood, asking for the “executive summary” to a technically accurate but long-winded explanation to solve a problem. His upbringing not only fueled his work ethic and attention to detail but also his creativity. Not only can Marc analyze the issue at hand to propose a solution, the “what”, but he can also effectively communicate the “why” of this solution to all stakeholders.
Marc has spent almost half of his life at RTD and is an equity shareholder and member of the firm’s Board of Directors. He is actively involved in the leadership of the organization, serving as the chair of the firm’s Strategic Project, Governance, and Trust & Nonprofit Committee, while also serving as a member of the Finance, Investment Policy and Employer Retirement Plan Committees.
Sharing his expertise within the industry and community, Marc has presented at numerous conferences and webinars, as well as authoring articles and blog posts. He is a volunteer board member of the PLAN of PA, which specializes in integrated care management and special needs trust administration. He also serves on this nonprofit organization’s Trust Advisory Committee. A strong believer in lifelong learning, he most recently completed his Master of Science degree in Financial Planning.
Growing up in Southern New Jersey, Marc now resides in Chester County, PA with his wife, Christine and daughter, Lauren. In his spare time, Marc enjoys spending time with his family at the Delaware beaches. He is an avid golfer, and enjoys boating, fishing, travel and attending Phillies games.
Getting to know Marc
What do you enjoy most about working at RTD?
In an industry which seems to do its best to make things difficult for the consumer to understand where things truly stand, I feel fortunate to have found a firm so early in my career that is the exact opposite. Our client-centered culture embodies transparency, openness, and monitoring progress towards goals in everything we do.
What makes you good at what you do?
As a business owner and natural entrepreneur, I genuinely love learning the stories of how our various committee members, their organizations, or the family members of a trust, got to where they are today and what is most important to them. I enjoy being engaged in the “why” behind their motivations to better advise and educate them towards an even greater tomorrow.
What’s the best piece of advice you’ve received?
From industry legend and thought leader Warren Buffett, one of his famous quotes: “It is not necessary to do extraordinary things to get extraordinary results.” Whether it is about investing or other things in life, having a plan and the discipline to stick with it, is the biggest driver of success.
What are your passions outside of work?
Some may be surprised to hear that as much as I enjoy golfing, it’s the interaction through golf that has been most meaningful to me. I’ve had the opportunity to meet so many interesting people, make some incredible friendships, and learn a lot about who people really are based on how they interact on a golf course!
Professional Designations & Memberships
What is the Right Investment Policy for my Organization?
The most common questions we hear from our non-profit clients when they first connect with RTD are: how do I know what our investment policy should be for our long-term reserves, and, is our current investment policy still appropriate for the long-term reserves of the organization?
Making Lemonade from Lemons
Tax loss harvesting is a powerful and valuable investment technique that can provide significant tax savings for investors and make the best of a market downturn. During economic slowdowns and recessions when losses are more prevalent, we typically see most individual investors hold onto their losses because they are afraid to “sell down,” waiting and […]
Bank on It: How to Avoid Moving Backwards by Standing Still
For both personal households and non-profit or for-profit organizations, the pandemic period of the past two years has brought great uncertainty as to its impact on respective income streams. The result for many has been a shift to the maximum safety of cash, money markets and similar vehicles, essentially leaving large amounts of assets sitting […]
Making the Most of Bank Operating Reserves
In the current near-zero interest rate environment, most banking institutions aren’t providing any interest on their corporate banking accounts. Worse still, if an organization is willing to lock up reserves into short-term CDs at these same banks, they are only able to earn 0.25% at most. With interest rates being so low and the uncertainty […]