As a wealthy investor, you’re likely paying several different professional advisors to help you successfully undertake your wealth management process. Being able to objectively evaluate the cost of the services you’re being provided with is critical to ensuring you’re getting the best out of your team in a sustainable way for everyone involved. This post outlines the type of professionals you may...
When working class entrepreneurs become wealthy, they bring a perspective about wealth much different from those who inherit it. Wealthy inheritors face unique challenges that require distinct approaches to wealth management. This post describes 5 challenges wealthy inheritors face and how to overcome them: Financial AwarenessLifestyle ManagementStewardshipSelf EsteemTrust in Relationships
Managing a holding company (“holdco”) successfully includes keeping accurate records and performing administrative tasks. Missing some details might mean your holdco fails to comply with tax laws. But also, failure to administer your holdco properly could mean you waste time in the future cleaning up messes or wasting time searching for information. This post describes how to manage a holding...
Life becomes different after you come into a big pile of cash. Whether you’ve just sold your business, received an inheritance, or won the lottery. Suddenly being rich also brings problems. This post will describe some ways to approach life after you cash in.
We all have spending constraints. This post describes 5 ways a family office will improve your spending habits.
The wealth management industry has become increasingly sophisticated when selling us financial services. They come up with “holistic solutions” to our financial “problems” and tap into our emotions in an effort convince us to pay them. The truth is, like most important things in life, there is no “quick fix” to managing our finances and you can’t simply buy success off...
Wealthy investors have many of the same fears as everyone else, the stakes are just higher when you’re rich. This post describes five common threats wealthy investors face and how to combat them. Threats faced by wealthy investors
If time is money, how would you spend your time when you have unlimited money? What would you do if you won the lottery or your business took off and you became wealthy? How would you live your life after you inherit wealth? Many people answer these questions by describing the ways they would spend the money from their lottery winnings,...
