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

SponsorsBill.com https://cloudaccountingpodcast.promo/billTeampay https://cloudaccountingpodcast.promo/teampayShow Notes03:38 – 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 dollars06:21 – The ultra-high-net-worth crowd use a family office as a way to manage wealth, and mitigate financial risks07:16 – An effective virtual family office utilizes outsourcing and the newest and most efficient technologies to seamlessly manage the family or individual's funds08:51 – How do you measure success of a family office?  Clarify, communicate,  compare, and get two or three sets of eyeballs to check the work12:26 – 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 worth14:38 – At some point, the old dogs are going to have to learn some new tricks15:36 – You really can't outsource creativity and leadership in the family office16:50 – 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 office18:31 – Angelo talks about what inspired him to enter into the family office arena20:29 – 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 AngeloAngelo Robles, CEO, Family Office AssociationWebsite: https://familyofficeassociation.com/LinkedIn: https://www.linkedin.com/in/angelorobles/Twitter: https://twitter.com/familyoffice Episode Art Photo Credit: April Blankenshiphttps://twitter.com/aprilblnknshphttps://twitter.com/aprilblnknshp/status/1187023281687130112/photo/2Get in TouchThanks 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 SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast