One of the really nice things about this episode is that Richard Wilson has his own family office and talks from experience. He speaks to a lot of individual families and corporate families as well about these very topics of how to plan for the future, how to get everybody on the same page. People are always conscious of wanting to make sure that they make it through their lifetime and also impact the next generation in a positive way so they can enjoy their wealth too. So, a lot of times, people don't have the wherewithal to have somebody else help them with those experiences. The insights in this episode are great because it has an actual real perspective that Richard and other families who are going through this process along that everyone will eventually have to go through at one point or another. Wealthy or not, your children, grandchildren, whatever your future looks like, planning is so important. Richard lays out the groundwork on how to get started.
In this episode, we explore:
01:38 – Three types of family offices
03:17 – Advantages of working with family offices
04:52 – Talking about family legacy, values, and goals
07:16 – Challenges family offices are facing
08:12 – COVID and the value of family health
10:01– Market inflation and new strategies
11:45 – Minimum net worth to start a family office
13:08 – $10,000,000 vs $100,000,000
14:12 – Preparing children in wealth management
18:24 – Richard’s ‘fun tickets’ with his kids
20:17 – Two sides of the Family Office Club
23:22 – Benefits of going to Live Events
25:53 – Positioning yourself as an investor
27:35 – Interviewing 30 billionaires
28:45 – https://familyoffices.com/
Connecting with the Guest:
Email: richard@familyoffices.com
#familyoffices
#realestate
#multifamily
