Paul D. Wachter is the founder and chief executive officer of Main Street Advisors. Founded in 1997, Main Street Advisors provides a wide range of financial, strategic, business-building and asset management advisory services to a select group of high–net worth individuals and companies, primarily in the entertainment and sports industries.
Prior to forming Main Street Advisors, from 1993 to 1997 Wachter was managing director and head of Schroder & Co. Incorporated’s lodging and gaming group, its sports and leisure group, and Schroder’s West Coast investment banking effort. From 1987 to 1993, he was a managing director at Kidder Peabody, where he founded and was responsible for Kidder's hotel, resorts, and leisure group, and he managed Kidder’s real estate group and Kidder Peabody's Los Angeles investment banking group. He began his career as an investment banker at Bear, Stearns & Co. Inc., covering a variety of industries. From 1982 to 1985, he worked at Paul, Weiss, Rifkind, Wharton and Garrison as a tax attorney; and from 1981 to 1982, he clerked for Judge Dorothy W. Nelson on the U.S. Court of Appeals for the 9th Circuit.
A 1981 graduate of Columbia Law School, Wachter was a James Kent Scholar and a Harlan Fiske Stone Scholar. He graduated magna cum laude and Beta Gamma Sigma from the Wharton School of the University of Pennsylvania in 1978 and is a member of the New York State Bar. His advisory and board of director roles include, but are not limited to, being trustee of California Governor Arnold Schwarzenegger’s blind trust and First Lady Maria Shriver’s blind trust; serving as a key advisor and strategist to Schwarzenegger’s 2003 and 2006 campaigns and transition teams; serving on the board of regents (2004–2016) for the University of California; seving as special advisor to the California Commission for Jobs and Economic Growth; and serving as chairman of the Austrian Holocaust Reparations Committee formed by the United States District Court to administer the Austrian Bank Holocaust Settlement Fund. He currently sits on the board of directors for Ladder, a nutritional supplement company that he cofounded with Schwarzenegger, LeBron James, and Cindy Crawford; and executive produces the award-winning show Survivor’s Remorse and the upcoming Muhammad Ali documentary What's My Name.