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Family Offices - What Are Your Priorities?
Many times it can be helpful and advantageous to have a LLC or a business structure around the actual family office entity. The most important thing is that you really customize it to who you are and what your values and objectives are. So many times the proactive tax planning, the estate planning, and then the direct investment strategy work more than pays for all the costs of the family office through gains the family gets from that.
Trey invites Richard Wilson. Together, they discuss his top 5 favorite books written by billionaires and tease out the lessons from each one.
Richard is the Founder and CEO of The Family Office Club, which is the #1 family office association with over 4,000 registered family offices.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:02 - What a family office is and how it works.
16:53 - The first thing you should focus on when setting one up.
46:54 - Key lessons from Richard’s top 5 billionaire books.
54:14 - Insights from billionaire keynotes from his events, including Jeff Hoffman, Grant Cardone and others.
58:09 - The strategies that Richard finds most useful.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
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