Family Office with Lance Meikle
Business:Investing
WHAT OPTIONS EXIST OTHER THAN A FAMILY OFFICE?
If you are exploring Family Office as a structure | solution, what are alterative options?
• DIY – where you do everything. You go from meeting to phone call to meeting to email to meeting to email to phone call and on it goes.
• Hybrid – you outsource some of the functions of what you are wanting to achieve.
• Private Wealth & an Accountant
What are the pros and cons of DIY? | What are the pros and cons of Hybrid? | What are the pros and cons of Private Wealth & an Accountant?
Why a Family Office is the optimal solution | structure IF family, living your life, leaving a legacy and intergenerational transfer of wealth and assets is important to you is best described by Jim Collins (Author of Good to Great: Why Some Companies Make the Leap and Others Don't).
Paraphrasing the truly wonderful study undertaken by Jim is:
• Get the right people on the bus
• Get the wrong people off the bus
• Get the right person driving the bus
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