In this video we talk answer the question "what is a family office?" We talk about the definition of a single family office, why they exist and what functions they perform for ultra-wealthy individuals and families. Learn more at [ Ссылка ] or download our report at [ Ссылка ]
Hello, it's Richard Wilson come to you from Prague, Czech Republic. You can see the castle up on the before me. This bridge, and pretty much this whole city is from the 1200s, 1300s, 1400s, so a lot of great things to see here, and a lot of family office-esque type buildings.
What I wanted to talk about here is single family offices. You know, what is a single family office? This is a very basic question, so it's going to be a one minute video. Basically, a single family office is a holistic full 360 financial wealth management solution for the ultra wealthy individual or family. You might then ask what's ultra wealthy? Well, if you have $20 million or more, you might qualify for a multifamily office, but typically to have your own single family office, even a virtual family office, you need to have $30, $50, $70 million minimum to have more of a fully fledged family office.
Typically you need to have a $100 million, $300 million, $500 million is more average. And then, if you have over a billion dollars, many people do start their own single family offices. So a single family office, in other words, is the most holistic financial wealth management solution possible for somebody with a lot of money. So it's gonna manage their insurance, budgeting, multi-generational wealth planning, their investments, both real estate as well as public market, private equity, hedge funds, bonds, cash management, charitable giving, philanthropy. It can be a very focused single family office and only help you with one thing, but typically family offices are created to help you with 360 degree solution for your finances if you're ultra wealthy.
So, this is Richard Wilson coming to you from Prague, just at sunrise here. So I hope you enjoyed this quick video on what is a family office. And I'll see you again soon.
This content was produced by the Family Office Club, to learn more about downloading our free book on ultra-wealthy investors and investing, to explore membership, or see when our next live events are please visit [ Ссылка ] If you are interested in setting up a family office solution, or getting better direct investment deal flow through our Centimillionaire Advisors, LLC division please visit [ Ссылка ]
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Richard C. Wilson is the founder of the Family Office Club, the #1 largest community of registered ultra-wealthy families and family offices with 1,750+ registered investors and 20+ live events a year. To download a free book on the family office industry please visit: [ Ссылка ] and if you need help investing or setting up your family office please see our Centimillionaire Advisors, LLC website at [ Ссылка ]
