Page 27 - BusinessWest November 24, 2025

Jim Vinick, pictured
here in 2013, when
BusinessWest named
him a Difference
Maker, was well-
respected in the
region for wealth
management,
financial literacy, and
civic commitment,
particularly with the
Basketball Hall of
Fame.
CASH
MANAGEMENT
IS A WALK IN
the park.
ods of uncertainty in the market, like during the roller-coaster ride this past
spring when the market kept diving and rising amid constant tariff rumours,
announcements, and rollbacks.
“Part of investing for different clients is meeting the level of risk that they’re
willing to accept,” Vinick said. “Some people can see volatility and say, ‘it’ll be
fine. I know I’m not investing for tomorrow; I’m investing for 10 years.’ And
for some people, there could be a 1% change in their account over the span
of a month, and it will worry them. It’s something to
keep in mind for each client, how much risk they can
accept or how much tolerance they have for it.
“And then part of it is explaining to them, ‘hey,
something may have happened last month, but over-
all we’re doing OK,’ or ‘this is the vision for the long
term, and this is what we’re looking to do,’ and keep-
ing them on track rather than giving in to either over-
jubilance when things go really, really well, or panick-
ing when things get a little rocky for a month here or
there, whatever it might be.”
That’s easier to do with somebody who’s at an
earlier stage of life and can take a longer view, but it’s
also a matter of personality, he added. “Younger peo-
ple can still panic, too. I think it just depends on the
personality, the person, and the risk they can accept.”
Back to School
Vinick’s father, Michael, didn’t choose the financial
services path, but rather forged a successful career in
the HVAC trade; he’s president of Duct & Vent Clean-
ing of America in Springfield. But Ty’s transition into
leadership at Moors & Cabot ensures a multi-gener-
ational family legacy there — serving clients that are
often also multi-generational.
“My grandfather had clients that were parents, grandparents, great-grand-
parents, and then, with his passing, I now have them as clients,” he said. “I’m
the fifth generation of my family that’s in Springfield, and part of the business
for me will also include being involved in the community that my family’s been
involved in.”
And also education and communication. Vinick is already thinking about
not only how he can become more involved with community organizations, as
Jim was, but also how to continue his grandfather’s work on financial literacy,
which included, many years ago, The Vinick Report, a local TV show on that
topic.
“I love talking to people. I get to be on the phone all day with people, and
you get to know them quite well,” he said. “You get to build these very meaning-
ful relationships with people where you can kind of track them through their
life. I think that’s the part that I enjoy doing.
“And I get to have a meaningful impact on their lives as well — I’m genuinely
helping people reach milestones and achieve their financial goals,” he added.
“You know, outside of their health, making sure they have a reasonable finan-
cial plan creates the foundation for everything else they want to do.” BW
“Some people
can see volatility
and say, ‘it’ll be
fine. I know I’m
not investing for
tomorrow; I’m
investing for 10
years.’ And for some
people, there could
be a 1% change
in their account
over the span of a
month, and it will
worry them.”
Protecting your business from fraud is hard.
But it doesn’t have to be that hard. With Cash
Management services like fraud prevention from
Country Bank, keeping your business finances
secure is a walk in the park.
Get started today at
CountryBank.com/CashManagement.
Member FDIC
Member DIF
Business W est << WEALTH MANAGEMENT >>
NOVEMBER 24, 2025
27