Family Office Success Stories and Cautionary Tales
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- čas přidán 16. 04. 2020
- The Family Office Club is the #1 largest community in the industry with well over 1,500 registered single and multi-family offices which manage in excess of $1 Trillion in Assets Under Management. At our 15 exclusive events per year, you hear from billionaire family members, top 50 multi-family offices, and secretive single family offices.
To learn more, and get two chapters from Richard C. Wilson's best selling book, "The Family Office Book: Investing Capital for the Ultra-Affluent." please download our free Family Office Report PDF on single and multi-family offices right now by visiting: FamilyOfficeReport.com
Membership and our events please see FamilyOffices.com or to learn more about setting up your family office please see SingleFamilyOffices.com
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Richard is a bestselling author and for 10+ Years the Family Office Club has attracted over 1,500 registered family offices with $1 trillion+ in assets. Richard is an internationally renowned speaker on leadership, Family Offices space, entrepreneurship, social media, and finance.He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
Our major issue is that we all set up our own structures before we made it big and now the tax implications of merging them together are huge!!
For sure - that is common, you just have to weigh the long-term cost of those assets growing much more and keep on top of ever-changing laws around new and old structures. It does help to be well-versed in the options though so you can at least request or structure in collateral, require gross revenue royalties, preferred returns, and plan out scenarios or gain control or put in place negative controls, etc. while negotiating deals or designing your own class of sharing in an LLC etc. so you can protect yourself and your downside while taking advantage of opportunities.
Thanks Richard, valuable information .
This is great information and well explained Richard. Thank you 🙏
Glad it was helpful!
Best version of describe a book 🙏 🙏Thank you 🙏
Great info as always Richard
Thank you for sharing this informative video! It provides valuable insights on the topic.
By any chance, are you familiar with PPLI products? I'd love to hear your professional opinion on their effectiveness in financial planning.
Keep up the excellent work!
Yes, we are familiar, we know a few groups who specialize in the area, some clients have used them but not many for how helpful they seem to potentially be. I'm not a tax/legal expert though on if they are super low risk or low risk or how to judge who does them and the risk of them doing it for you as an investor.
Enjoyed the presentation. Hope your kids do grow up to become centi-millionaires.
Excellent presentation. Do you offer family office set up advisory services to people in Europe?
😁