About Genesis ESOP Advisors
Genesis ESOP Advisors assists business owners in evaluating an ESOP as a business succession plan or exit strategy. We work with a team of financial advisors, attorneys, and third party administrators to establish and maintain ESOPs.
After the ESOP has been established, Genesis ESOP Advisors and Mike Mathioudakis serve as the ESOP Trustee for our clients. As the fiduciary of the ESOP Trust, we perform the essential tasks needed to maintain the ESOP effectively. Read more about the role of a trustee here.
Mike Mathioudakis - Full Bio
Early Career & Founding of Genesis Group
Mike attended the University of Notre Dame where he played football and double majored in Accounting and Philosophy. Upon graduation in 1985, Mike worked for the Indianapolis office of Price Waterhouse.
Mike became a financial advisor in 1987 and has focused his entire career on serving the needs of successful business owners. Mike has always had a strong passion to help business owners integrate their business, personal, and philanthropic planning to maximize both their impact and their wealth with maximum tax efficiency.
Mike has assisted scores of families in developing and implementing business succession and wealth transfer plans that significantly reduced or completely eliminated capital gains tax, estate tax, and other transfer taxes.
Mike founded The Genesis Group in 1994 and became a Registered Investment Advisor (RIA) in 1995. Mike quickly developed clients in many parts of the country, serving clients from Oregon to Arizona to Florida, with large concentrations of clients in Chicago and Indiana.
A Focus On Successful Business Owners
In 1999, Mike became the Senior Managing Director of the Indianapolis office of a boutique broker dealer and wealth advisory firm, which had a network of twenty-five offices across the country. They served the business and financial needs of some of the country’s wealthiest and most successful business owners.
During Mike’s tenure, he developed a large network of successful business owner clients. In the early 2000s, many of Mike’s business owner clients began implementing succession plans, which resulted in selling their businesses to third parties, selling to ESOPs, or transferring them to family members. These transactions exceeded $1 billion in total value.
In 2007, at the request of a high net worth client, Mike co-founded and managed an oil and gas exploration and production company, with operations in the Permian Basin of West Texas. After acquiring a number of oil producing properties in 2008, the company was able to successfully increase production by over seven fold, allowing it to thrive, even when oil prices dropped from nearly $140 per barrel to $35 per barrel. The company expanded and acquired additional properties from 2010 to 2013. During Mike’s time with the oil company, he was responsible for leading weekly board of directors calls, structuring and coordinating the capital raises, investor communications, legal affairs, accounting, financial and tax reporting as well as the companies’ annual audits.
Genesis Advisors
In 2009, The Genesis Group became Genesis Advisors, LLC, which continued the rich history of The Genesis Group serving the needs of owners of successful closely-held businesses, their families, and their businesses.
Having assisted many of his business owner clients in transitioning out of their businesses, and seeing the extraordinary success of ESOPs he helped establish, Mike is now using his extensive business succession expertise as an ESOP Trustee. As a passionate supporter of employee-owned companies, Mike is excited to utilize his extensive experience in the business succession arena by serving employee-owned companies in this capacity.
Mike is also a managing member of Genesis Development Group, which developed, owns, and manages class A office buildings in Fishers, IN.
Community & Family Life
Mike is involved in numerous professional, charitable, and community organizations. He was the co-chairman of the NFL Sanctioned Super Bowl XLVI Breakfast and the Legends of the Hardwood Breakfast which kicked off the NCAA Final Four weekend in Indianapolis in 2000, 2006, 2010, and 2015, honoring the late Coach John Wooden and the recipient of the Coach John Wooden Award. These breakfasts were all sponsored by Athletes in Action.
Mike is a member of Truth at Work, an organization that sponsors Round Tables for entrepreneurs, CEOs, presidents, and business leaders across the country. He is part of a monthly round table with other business leaders who function as an advisory council for one another and their businesses. He has been active in a number of other interdenominational Christian organizations, including Athletes in Action (AIA) and the Fellowship of Christian Athletes (FCA). Mike coached youth sports for over fifteen years and was on the Troop Committee for Boy Scout Troop 910. Mike is an avid Notre Dame football and lacrosse fan and also a University of Indianapolis lacrosse fan, where his son plays goalie. Mike is an Eagle Scout and is proud of his three sons who have also achieved the rank of Eagle Scout.
Mike has been married to JoLee for over thirty years and they have five children, a daughter-in-law, and a son-in-law. Mike and his family attend Heartland Church in Fishers, Indiana.