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

Send us a textRichard C. Wilson, CEO, and president of the Family Office club identified the most common mistake that he has seen capital raisers make. They make the mistake of taking success with a direct investment model. Where there's no funds and turned it into fund model. The mistake is that they go to their current investors already like them, trust them and invest with them and say," Hey, would you be open to coming in my fund?" And they say, "Yes, sure", because I've already invested in four of their deals but people have not invested with before may not want to come into the fund is gonna be harder. They're trading one headache for another headache of their own pain of running around and finding the investors they need to close a deal in 6 to 8 weeks and independent sponsor model for the headache of promising a blind pool to investors within a fund model. And I would always rather to the headache is more hard work for me in the thing, which is going to really stop investors from considering a deal. I've seen people who have raised $300 million in direct investments, not be able to raise a $10 million fund. 

Send us a textRichard C. Wilson's Webinar where he explains Investment Structures and strategies. Useful information for both capital raisers and investors alike. 

Send us a textDiscussion panel from our 2019 Family Office Super Summit in Miami, FL

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Send us a textRichard C. Wilson shares his thoughts and strategies on ways that an Investor can prepare for a recession, the ups and downs of the economy and unforeseen circumstances. 

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Send us a textRichard C. Wilson, founder of the Family Office Club and Centimillionaire advisors, LLC coming to you from downtown Singapore. Just finishing up my lunch break for private Investor Advantage Workshop for family offices and how to start a family office that I'm hosting here. And that's one of the emphasized the importance of a great factor with investing, building trust, with investors working with family offices. You can have all the integrity in the world or excellent team, but if you don't see things through, it doesn't mean anything. You can be passionate, have great skills and have great intellectual property. But if you can't make it through the challenges and really stick to your strategy and stick to your game plan through the ups and downs again, nothing will come of it. And I think that since the whole investment and investors space is focused on trust and getting a high conviction on not only the strategy that who's executing the strategy great is a really central factor to all of that.

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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