How to Start a Family Office

Sarah: I have a basic question from Michael who's asking how is a family office started and probably related to that is like what kind of wealth level is required. Abby: You really need to map out the actual cost at the end of the day we don't want families digging into their principal to create family offices. Sarah: The advice is to start small um you can always add it's difficult to take away so figure out the areas where you think that having a professional managing the wealth of your family is really important. Abigail: It's not as simple as hiring a person you know you're going to hire lawyers and people to structure all the legal aspects of this the entities of