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Family Office Certificate - How to Start a Family Office

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In this educational presentation, Richard Wilson details how to start a family office, To learn more about the family office industry, achieve your Family Office Certificate today with the Qualified …

In this educational presentation, Richard Wilson details how to start a family office, To learn more about the family office industry, achieve your Family Office Certificate today with the Qualified Family Office Professional. The Family Office Certificate (Qualified Family Office Professional) is the most comprehensive self-paced training program covering family office fundamentals, terms, best practices, trends, and areas of investment critical to single and multi-family offices. Obtain your family office certificate online with our robust training program. Watch our online training videos and audio interviews to achieve your family office certification. To obtain your family office certification, please go to FamilyOfficesGroup.com/Training

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  • 1. FAMILY OFFICE CERTIFICATE - HOW TO START A FAMILY OFFICE
  • 2. HOWTOSTARTAFAMILYOFFICE How To Start a Family Office Hello this I s Richard Wilson and I am going to talk to you about how to start a family office. I have found many wealth management firms wish they offered a full suite of family office services. Lots of people that work in private banks and trust are always asking for advice on how to launch a family office.
  • 3. HOWTOSTARTAFAMILYOFFICE How To Start a Family Office Here are some things to consider before launching a family office: 1. It is not simple, or everyone would be doing it. The cost to run a family office is pretty significant. Your initial assets need to be between $50 million and $100 million of committed capital. If you have less than $50, then it will be relatively challenging to take on all the costs. Operating on a thin budget is not ideal for family offices. 2. Many times when I speak with family offices, I am asked what the most important person to have on your team first. Most of the time family offices a CPA first or a family office was started by a CPA. Over 80% of the family offices I know were started by a CPA. This is because they are seen as the advisor on tax and investment issues. If it is not a CPA, it is a financial advisor a wealth advisor. If it is not a CPA, make sure it is someone with taxation knowledge on the global scale. Your amount of tax knowledge in house will result in what clients you have. You need to be able to manage multigenerational challenges.
  • 4. HOWTOSTARTAFAMILYOFFICE How To Start a Family Office Here are some things to consider before launching a family office: 3. Run everything like a well-oiled machine. There should be a step by step process for everything that is done. Not just for compliance reasons, but just so the business is run smoothly. 4. Make sure that you have reviews of performance, risk and operations. These should be done every day, month, quarter, and year. Capital preservation is the number one job. Preserving the wealth of the clients should be the number one job and reviewing performance is crucial to the success of the family office. I hope these ideas helped to give you a framework for a business plan for a family office.
  • 5. ABOUTTHEQUALIFIEDFAMILYOFFICEPROFESSIONAL About the Qualified Family Office Professional Certification The Qualified Family Office Professional (QFOP) certificate is the most comprehensive self-paced training program covering family office fundamentals, terms, best practices, trends, and areas of investment critical to single and multi-family offices. The QFOP program includes training in many diverse areas related to investing capital for the ultra-affluent, including financial modeling & analysis, hedge funds, private equity, and investment banking.
  • 6. WHATISINCLUDEDINTHEFAMILYOFFICEPROFESSIONAL CERTIFICATION? What is Included in the Family Office Professional Certification? Learn Directly from Global Single & Multi-Family Office Executives Including: Interviews with over a dozen single family office executives, several of whom each directly manage over $1 billion in assets for exceptionally wealthy families. Recorded audio interviews with 20 global multi-family offices including top 30 family offices such as Threshold Group, Constellation Wealth Advisors, and Marcuard Family Office. Insights from top family office thought leaders, experts, and risk consultants who manage family office portfolios daily.
  • 7. WHATISINCLUDEDINTHEQUALIFIEDFAMILYOFFICE PROFESSIONALCERTIFICATION(CONTINUED) What is Included in the Qualified Family Office Professional Certification (continued) Video Modules + Audio Interviews + Required Reading Completing the QFOP program involves self-paced studying using our library of 250 concise video modules, over 30 family office executive interviews, and one required text: ”The Family Office Book: Investing Capital for the Ultra-Affluent.” Who Offers the QFOP? The Qualified Family Office Professional is offered through the Family Offices Group, a 73,000+ member networking association in the industry which is supported by the Global Training & Certification Institute, LLC. The G.T.C. Institute has trained and certified over 3,000 professionals around the world and the Qualified Family Office Professional (QFOP) program leverages that program management, test development, and online classroom environment building expertise for the family office industry. To earn your Qualified Family office Professional Certificate, visit our website: http://FamilyOfficesGroup.com/Training
  • 8. WHOISTHEQUALIFIEDFAMILYOFFICEPROFESSIONAL FOR? Who is The Qualified Family Office Professional For? Who is This Family Office Training Program Built For? The Qualified Family Office Professional program is available for professionals in wealth management, investment fund management, trust & estates, insurance, capital raising, or other areas where more fundamental family office knowledge would be helpful. There are no minimum educational requirements for completing the QFOP program, it is available for anyone, and can be completed from anywhere in the world at your own pace using the internet. Syllabus: Download the QFOP Syllabus (PDF) Study Guide: Download the QFOP Study Guide (PDF) Length & Format: Self-Paced Course & Timed Online Examination (320 Multiple Choice Questions) To earn your Qualified Family office Professional Certificate, visit our website: http://FamilyOfficesGroup.com/Training
  • 9. CONCLUSION Conclusion Become one of the 100 Charter Members: We are currently accepting the first 100 charter members into this program. Charter members will be able to participate at the low price of $995, and will be considered for advisory board positions for the 73,000+ person Family Offices Group association which supports this training program. Join Today: We guarantee that you will find our program valuable. If you don’t, just let us know in the first 7 weeks of your registration and we will provide you with a full refund. To get started, please use the form below. If you have any questions, please email us at Team@FamilyOfficesGroup.com. You can also complete our Fax/Email registration form to pay by credit card. You can download that here: Fax/Email Registration Form. To earn your Qualified Family office Professional Certificate, visit our website: http://FamilyOfficesGroup.com/Training To Learn more about Family Office Executive Search, visit our website:http://FamilyOfficeExecutiveSearch.com/