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So far ffoadmin has created 11 blog entries.

Single-Family Offices Clandestine Investments In Private Companies

By Russ Alan Prince A pronounced and growing tend is that single-family offices and the super-rich are increasingly directly investing in privately held companies. According to Angelo Robles, founder and CEO of the Family Office Association and author of Effective Family Office, “Sometimes single-family offices are teeming up with other family offices in the form of ‘club deals.’ At the same time, [...]

By |May 14th, 2018|Uncategorized|

In 2018 Business-Savvy Trusts And Estates Lawyers Have Two High-Class Problems

Article by Russ Prince In 2018 just about all the professions serving high-net-worth clients are going to experience a remarkable boom. Wealth managers, private bankers, and certainly trusts and estates lawyers will have the opportunity to make this year one of the best they ever had. Systemic changes, such as the explosive growth in personal [...]

By |May 11th, 2018|Uncategorized|

The Importance Of Prenuptial Agreements For Children Of Wealth

Article by Russ Alan Prince While the great majority of people go into marriage thinking, “This is it,” sometimes it turns out to be “it” and then it “isn’t.” When the children of wealth marry, most times they are reticent about raising the issue of prenuptial agreements (prenups) unless the concept was part of their [...]

By |May 3rd, 2018|Uncategorized|

Star Musicians Pocket More Money Because Of Elite Wealth Planning

Article by Russ Alan Prince Generally speaking, for many star musicians, the music business is not as profitable as it once was. The industry is changing in many ways. For example, live performances have become the primary way to generate revenues for many musicians. At the same time, a positive trend is that a growing [...]

By |April 27th, 2018|Wealth Management|

The Rich And Super-Rich Are Increasingly Looking For Outstanding Experiences

Article by Russ Prince While the ultra-wealthy continue to collect possessions, there is a very pronounced trend to “living life to the fullest.” This translates into collecting outstanding experiences. According to Angelo Robles, founder and CEO of the Family Office Association and author of Effective Family Office, “Generally speaking, while the very wealthy have always wanted to create [...]

By |April 27th, 2018|Celebrity, Fashion, Lifestyle, Wealth Management|

How Tech Entrepreneurs Lose Out When Selling Their Companies

Article by Russ Prince Most successful technology start-ups are bought by other – usually larger – technology companies. The result is the entrepreneurs/owners of the start-ups become wealthy whether in stock in the acquirer or in cash or both. In a substantial percentage of these situations, if the tech entrepreneurs paid more attention to their [...]

By |April 27th, 2018|Tax, Tech, Wealth Management|

Wealth Management For The Global Super-Rich

Article by Russ Prince The global super-rich have personal fortunes of US$500 million or more. In most cases their wealth is considerably more. Their personal and business interests span countries and continents. Most have multiple citizenships by design. Also, they tend to – in one manner or another – leverage the single-family office business model, broadly defined. It is [...]

By |April 27th, 2018|International, Tax, Wealth Management|

The Growing Appeal Of Private Placement Life Insurance (PPLI)

Article by Russ Prince Private placement life insurance is the most transparent life insurance structure. It can also be exceedingly cost-effective with the ability to mitigate or eliminate the financial drag of taxes. According to Evan Jehle, partner at FFO Business Management & Family Office, “Private placement life insurance for the rich and super-rich can be an excellent way [...]

By |April 27th, 2018|Tax, Uncategorized, Wealth Management|

NextGen Wealth Driving The Creation Of Single-Family Offices In Asia

Article by Russ Prince Asia is producing a great number of new super-rich families (net worth = $500 million or more). At the same time, those families new and older are establishing single-family offices. With respect to established ultra-wealthy families, the children or grandchildren of the wealth creators, depending on when the family fortunes were initially founded, are [...]

By |April 27th, 2018|International, Single Family Office, Wealth Management|

Financial Advisors Joint Venturing To Build Their Practices

Article by Russ Prince More than 30% of financial advisors currently have some sort of joint venture arrangements. This is according to a study of 803 financial advisors. From the perspective of the three types of business models, 45% of multi-family offices, 40% of wealth managers, and slightly more than a quarter of the financial advisors have [...]

By |April 27th, 2018|Joint Venture, Single Family Office, Wealth Management|