Raising Capital, Investment Structures, and Partnering with $1B+ Balance Sheet Partners with Richard Wilson

Richard Wilson, CEO and founder of the Family Office Club, shares his experience and insights into high-net-worth family wealth management. Richard has witnessed changes in the definition of a family office, how some wealth management firms try to masquerade as multi-family offices, and how families should design their game boards. He also shares his views on how large families can become private equity firms themselves and the value of applying a private equity playbook to family assets. Lastly, he touches on trends in wealth management related to generational transfer and ESG, emphasizing the importance of passing on values and wealth and working together to ensure a successful transition.[00:01 - 07:56] Opening SegmentRichard's brief background and careerA family office is a full balance sheet investment solution for an ultra-wealthy familySome wealth management firms call themselves multi-family offices to target more affluent clients[07:58 - 12:35] Investing in Health and Wellness: What Wealthy Families Need to KnowHelping families design an approach to acquire deals at a superior valuationPost Covid, people move faster to take advantage of opportunitiesSmart families invest in health & wellness programs[12:36 - 18:19] Taking Advantage of Opportunities to Self-Regulate and Live LongerInvesting in health is more important than moneyNot having caffeine or alcohol can have positive impacts on wellbeingSleep is essential; less than 6 hours a night is unhealthy[18:20 - 26:07] Unlocking Capital Allocation Strategies for New and Multi-Generational Family OfficesEmail blasting and following up excessively do not work when trying to access family office investorsAdding value, standing out, concise communications, and a unique offering are keyReferrals and knowing the industry help speed up the process[26:08 - 35:19] Exploring the Trends of Impact Investing and Generational Wealth TransferYounger generations are more likely to focus on ESG and impact investing than older generationsSuccessful families outsource investment management, focus on areas they are passionate about, and pass on values rather than just wealthFamily values should be integrated into everyday life and reinforced with rewards and consequences[35:20 - 38:02] Closing SegmentConnect with Richard through the links below!Quotes:"The smartest families focus on just one to three games that they get good at." - Richard Wilson"Passing on your values is more important than passing on the wealth because the values protect the wealth and the family from destroying each other. They will also protect the ability to regrow wealth. If the wealth is lost or damaged, the values will bring it back." - Richard WilsonConnect with Richard!Website: www.FamilyOffices.com Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.