Family Office Podcast: Billionaire & Centimillionaire Interviews & Investor Club Insights

Send us a text Richard C Wilson wanted to quickly dispel one myth about what Family Office Club does. Why would we put out videos just like this? Why we write books? Why we do a podcast?  etcetera. Most of my competitors came up in a world where they grew their credibility, their business, and all the relationships through live events, like the one we're hosting right here in this Hyatt. But also a lot of did it through with referrals and handshakes and in-person connections only. And when people see what we do, they think, Oh, you can't attract ultra-wealthy clients via social media. You can't use digital media assets and thought leadership, to do business, but they're wrong because they're at our event saying that because that stuff works, and the main point I wanted to get across here was that you still need to meet face to face. You still need to shake hands, so you need to get to know someone, see that they're genuine. They're real. That their expertise is focused in an area where they can add value to you. Big differences Nowadays, you can create hundreds or thousands of those relationships per year using a digital funnel that gets you more in-person relationships. 

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Send us a textRichard C. Wilson explains what he calls wealth shrapnel. Basically, you know what is negative about being ultrawealthy? A lot of people see ultrawealthy as someone who has a private jet, has many houses, and more money than they know what to do with. Perhaps, is making investments all the time. But I don't see all the negative things that come with it. You know, I have one client who's worth several $100 million who has been blackmailed 12 times. I have people that are clients who are threatened by employees. That if they don't do something like give them a big severance or agree to something in a settlement that them and three others will claim that that person did something to them and ruin the reputation,  essentially. People who are ultrawealthy are typically the ones who are sued the most. The regulators come after them. They're on everybody's radar. If you're in some countries, it's whose assets get confiscated or who has new laws created, to basically take away their assets or take away their market share. Many times, it's the ultra-wealthy who are targeted for kind of silly lawsuits over slip and falls, and it happens much more often than most people probably know about. 

Send us a textWe have 58 current clients. Who altogether are worth well over a $1 Billion. We advise on a couple of 100 million of the portions of their assets related to direct investments. I have been making big progress on virtual family office infrastructure, lately. Helping with getting a family office, quality CFO and all the accounting infrastructure. It needs to go in a place and having that be kind of plug and play ready for clients.  Also having the direct investment components. Helping them with a strategy on that, figuring out when they start their family office, what their strike zone should be or I formalize it. What direct investments should they be doing in-house versus outsourcing to a best in class provider? Then on top of that, figuring out who should be doing the traditional wealth management private banking work. We don't do that component internally, but we now have agreements signed in place with several wealth advisors and multi-family offices who, depending on your location, or whether you're a dentist, or a doctor or a business owner caters to your needs and industry.

Send us a textInvestor Mandate interview with a Central European Family Office. Our investor explains his focus on alternative investments, diversification and what attracts his family office to intercontinental deals. 

Send us a textRichard C. Wilson interviews a Florida-based Private investor on what are his strategies in investing. How he chooses to invest in his industry, real estate, etc as he also shares his $100,000 idea. He notes what his thoughts are on the current financial climate and how he sees the impact in his investments and advice to others on how to tackles these obstacles. 

Send us a textRichard Wilson, from Centimillionaire Advisors, LLC and our investor portal http://PrivateEquity.com - and I wanted to record a quick video on life settlements. This is a strategy that I like because it acts differently in my client's portfolios and other things that does not track to the real estate market. It does not track, typically to the stock market or interest rates, or whoever the current president is fighting a trade war or some political front with somebody else or an election coming up. It is a life insurance fund. It's a life insurance industry investment vehicle where you're getting exposure. Typically, the hundreds if not,1000 plus policies. And really, what impacts returns as if people suddenly start living a lot shorter lives or a lot longer lives? And that typically hasn't historically happened. You know, if you're watching this video soon after a record of that, that's when the Coronavirus really spreading and cities are going a lockdown. And, God forbid, the death toll actually goes very high. You know, no one wishes for that, but you know, this type of investment would actually it's probably gonna stay the same, but it might go up by half a percent or 1% because the people who have the life insurance policies that are invested in through such a strategy are the ones, typically that are, you know, in the last 5 to 7 years of their life or last few years of their life, etcetera. And that's why they need liquidity on their life insurance policy to enjoy life, get the right treatment, get access to that capital. So I don't want a Greek court a long video here explaining the whole strategy. I just want to plant the seed that the life settlements investment space is, I think always, Ah, pretty good place to be in part of your portfolio, at least a couple of percentage points. You have to maybe 5 to 7% depending on the type of investor. Or maybe it's not appropriate based on who you are. But it's pretty interesting space to look at and begin to more. If you want to learn more as an investor, you can do so by registering as a client doesn't cost anything. The onboard it takes about five minutes. Just go to Privateequity.com, fill out the short form and agreement there and we'll look you're onboarding survey and get on the phone with you shortly and we can give you access to the life settlement investment that we work with most often. Thanks for listening. And I hope, to see you at a live event soon. Take care.Please excuse typos due to auto-transcription of this podcast.  Learn more at http://FamilyOffices.com