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Family offices: How the ultra-wealthy manage their money 🎙 Live at Sage Intacct Advantage
Episode 135
Sponsors
- Bill.com https://cloudaccountingpodcast.promo/bill
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Show Notes
- 03:38 – Angelo defines 'family office'Â
- 04:19 – Definitely not small potatoes! 'Single' family offices are usually owned by those with wealth ranging from tens to hundreds of millions of dollars
- 06:21 – The ultra-high-net-worth crowd use a family office as a way to manage wealth, and mitigate financial risks
- 07:16 – An effective virtual family office utilizes outsourcing and the newest and most efficient technologies to seamlessly manage the family or individual's funds
- 08:51 – How do you measure success of a family office? Clarify, communicate, compare, and get two or three sets of eyeballs to check the work
- 12:26 – How exactly does one enter into the family-office arena as a career choice? Is it even possible?Â
- 13:52 – Breaking into the family office segment means getting to know the target (ultra-wealthy) audience, gaining some experience, and proving your worth
- 14:38 – At some point, the old dogs are going to have to learn some new tricks
- 15:36 – You really can't outsource creativity and leadership in the family office
- 16:50 – Apart from technology and automation, you need the soft skills - collaboration, globalization, and listeningÂ
- 17:22 – Angelo discusses some of the challenges of working for a family office
- 18:31 – Angelo talks about what inspired him to enter into the family office arena
- 20:29 – Check out Angelo’s book, “Effective Family Office: Best Practices and Beyond,” on Amazon! He’s also got a podcast! You can find Effective Family Office Podcast on iTunes, for Apple users, or Stitcher, for the Android crowd!Â
Connect with Angelo
- Angelo Robles, CEO, Family Office Association
- Website: https://familyofficeassociation.com/
- LinkedIn: https://www.linkedin.com/in/angelorobles/
- Twitter: https://twitter.com/familyofficeÂ
Episode Art Photo Credit:Â
- April Blankenship
- https://twitter.com/aprilblnknshp
- https://twitter.com/aprilblnknshp/status/1187023281687130112/photo/2
Get in Touch
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December 9-11: Digital CPA Conference in Seattle
Published on 6Â years ago