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Five Questions to Ask Clients Before Creating a Family Office

Are You Willing to “Share the Wealth” Across Family Lines?
This is a question many wealthy families ask themselves and one that a private wealth manager should pose if an individual or family is considering creating a family office. The answer isn’t always easy because not all families are created equal. For some families, it’s a foregone conclusion; they want to bring all generations of the family and their diverse viewpoints into investment decision making and share wealth for generations to come. For others, the idea of a family office is interesting, but realistically, not right for them. Perhaps, they feel their wealth is better suited solely for philanthropic initiatives, or they want to keep their wealth separate from others to encourage independence. ....

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Detailed text transcripts for TV channel - MSNBC - 20120622:11:26:00

The root cause of the problems. governor, jon meacham has a question. quickly, and just want to make sure i understood, are you saying we are not better off than we were three years ago, that the economy is not in a better place than we were in when president obama took office? i m saying if you look at all those statistic absolutely we re not better op fewer americans, we got more half a million fewer jobs, we ve got again, income you look at asset levels going down, you look at government debt it has gone up, the president s not outlined a vision plan for getting us back on a path of growing our economyp. he continues to double down on a failed strategy. this what is was remarkable to me. up until now this president has been a gifted speaker, able to change the polls just by giving a great he s been one of the best speakers in my adult lifetime watching politicians give speeches. the speech in ohio nearly an hour long fell flat. same policies that haven t worked. ....

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