Wachter is founder and CEO of financial and asset management advisory firm Main Street Advisors. The company was founded in 1997. Previously, Wachter was an investment banker for Schroder & Co. Incorporated, Kidder, Peabody & Co. and Bear, Stearns & Company. In 2002, Wachter advised John W. Henry and Tom Werner on the New England Sports Ventures' acquisition of the Boston Red Sox. Henry was principal owner and Werner was executive chairman. In 2001, New England Sports Ventures changed its name to Fenway Sports Group. Wachter has been LeBron James' financial advisor since 2004. He "routinely connects James with business heavyweights" such as Warren Buffett and has helped James "ink various investment and partnership deals". He negotiated James' notable lifetime Nike deal in 2015, which has been reported to reach a lifetime total of over $1 billion. Wachter conceived of a deal between James and Fenway Sports Group, which gave James a minority interest in the FSG-owned soccer club Liverpool. In 2004, then-California governor Arnold Schwarzenegger appointed Wachter to the University of California Board of Regents where he remained until 2016. Wachter has known Schwarzenegger since the late 1970s and has managed his investments. He acted as an advisor and strategist to Schwarzenegger's 2003 and 2006 campaigns and transition teams. Wachter was also the trustee for Schwarzenegger's blind trust during Schwarzenegger's time as Governor and is a senior financial advisor for the former Governor. Wachter is also associated with other investments such as the TPG Growth fund, the Beverly Hilton, Waldorf Astoria Beverly Hills, Blaze Pizza, and other properties. Through Main Street Advisors, he is also a founding investor of Ladder, a company founded with LeBron James, Arnold Schwarzenegger, Cindy Crawford and Lindsey Vonn in 2018, and NTWRK, a digital e-commerce company co-founded with Jimmy Iovine and Warner Bros. Studios. Wachter was executive producer of the Starz scripted series, Survivor's Remorse, and HBO’s What’s My Name, a documentary on Muhammad Ali, winner of the 2020 PGA Award for Outstanding Sports Program.
Boards
Wachter served on Time Warner's board of directors from 2010 until its acquisition by AT&T in 2018, and was on the board of Beats Electronics from the beginning of the company until its purchase by Apple in 2014. He and also served on the board of Beats Music. He is Chairman of the Board of the After School All-Stars and served on the American Skiing Company's board from 1996 to 2008. He also serves on the Board of counselors of the Jimmy Iovine and Andre Young Academy at USC. Wachter has also served on the boards of Virgin America until its acquisition by Alaska Airlines in 2016, ATTN:, Ladder, Haworth Marketing and Media Company and Content Partners, LLC. He serves on the board of Lebron James’ and Maverick Carter’sSpringHill Entertainment, a video production company, and Uninterrupted, a digital platform for athletes.
