Family offices: How the ultra-wealthy manage their money 🎙 Live at Sage Intacct Advantage

Sponsors Bill.com https://cloudaccountingpodcast.promo/bill Teampay https://cloudaccountingpodcast.promo/teampay Show Notes 03:38 – Angelo defines 'family office' 04:19 – Definitely not small potatoes! 'Single' family offices are usually owned by those with wealth ranging from tens to hundreds of millions of dollars 06:21 – The ultra-high-net-worth crowd use a family office as a way to manage wealth, and mitigate financial risks 07:16 – An effective virtual family office utilizes outsourcing and the newest and most efficient technologies to seamlessly manage the family or individual's funds 08:51 – How do you measure success of a family office? Clarify, communicate, compare, and get two or three sets of eyeballs to check the work 12:26 – How exactly does one enter into the family-office arena as a career choice? Is it even possible? 13:52 – Breaking into the family office segment means getting to know the target (ultra-wealthy) audience, gaining some experience, and proving your worth 14:38 – At some point, the old dogs are going to have to learn some new tricks 15:36 – You really can't outsource creativity and leadership in the family office 16:50 – Apart from technology and automation, you need the soft skills - collaboration, globalization, and listening 17:22 – Angelo discusses some of the challenges of working for a family office 18:31 – Angelo talks about what inspired him to enter into the family office arena 20:29 – Check out Angelo’s book, “ Effective Family Office: Best Practices and Beyond ,” on Amazon! He’s also got a podcast! You can find Effective Family Office Podcast on iTunes , for Apple users, or Stitcher , for the Android crowd! Connect with Angelo Angelo Robles, CEO, Family Office Association Website: https://familyofficeassociation.com/ LinkedIn: https://www.linkedin.com/in/angelorobles/ Twitter: https://twitter.com/familyoffice Episode Art Photo Credit: April Blankenship https://twitter.com/aprilblnknshp https://twitter.com/aprilblnknshp/status/1187023281687130112/photo/2 Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary . Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser . Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram ! Meet Blake in person! December 9-11: Digital CPA Conference in Seattle Limited edition shirts, stickers, and other necessities. TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts Spotify: http://cloudacctpod.link/Spotify Google Play: http://cloudacctpod.link/GooglePlay Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast