Family Office Planning for Athletes and Business Leaders - Episode 38

Cameron Caprio, the founder of VentureMFO, joins Nate Snyder, David Ness, and Adam Brown to discuss Family Offices and the strategic business and wealth management options they can provide for high-wealth individuals, including business leaders, athletes, and entertainers. The group discusses the mechanics of family and multi-family office structures, how to create these business entities, and how they operate. They also address the strategic advantages of bringing together a team of advisors to help with taxes, income and cash flow management, overall management, employment considerations, retirement planning, charitable giving, risk management, disability and other insurance options, and much more. Specific topics include charitable accounts, donor advised funds, foundations, charitable funding, disability planning, social capital and brand management, financial planning and structures, income taxes, multiple tax filings, residency considerations, tax deferred accounts, payroll and employment issues, retirement and next-stage planning, and "jock taxes." Ultimately, family offices allow high-wealth individuals to assemble a team of trusted advisors to handle the business side of their lives, which allows them to focus on their craft and perform their best in the boardroom, the studio, or the arena.