Tag: Family Office
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Taking Private Capital Seriously
Private capital is critically important because it is progenitor of all other forms of capital. Governments possess capital, but only because they tax it away from private individuals. Corporations possess capital, but only because individuals have voluntarily invested their capital in corporate stocks and bonds. The banks and other institutions who advise wealthy families certainly…
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Managing Family Wealth – Key Considerations
Risk versus Return: Most wealthy families are capital preservation-oriented investors. Capital preservation strategies make sense to them because, since they are already rich, the extreme outcomes of aggressive investing are asymmetrical. On the one hand, they might even get richer, which would be nice. On the other hand, they could go broke, which would be catastrophic.…
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Financial Advisor – Key Traits To Look For
A financial advisor who really cares about the client – as opposed to one who only cares about selling – will proceed in a profoundly different way in meeting with families. An advisor should do his best to establish himself as a valued part of the client’s investment team. An advisor should focus on the…