Richard C. Wilson's Blog
Richard's blog features over 5,000 posts over 17 years discussing investing, family offices, and raising capital
3 Billionaire Insights from 25 Interviews Completed
3 Billionaire Insights
From 25 Exclusive Billionaire Interviews
Now that we have collected 75 strategies from 25 billionaires for Billionaires.com here are a few notes from the series:
1) You get exponential results when you only work on highly profitable business models, great partners, great employees, and personally focus on your super abilities. When you don't have just 1-2 of these but you stack all of them on top of each other your potential for explosive growth in the right niche goes up greatly.
2) Develop an octopus strategic business model where various business units inform, serve, provide leads, and make other assets you own more profitable.
3) Acquire strategic choke point assets that give you a sustained edge and lower cost of distribution or capital or customer flow over everyone else, the best of these choke points can't be owned by someone else once you acquire them.
Check out what Jeff Hoffman, Mark Cuban, Tony Robbins and others have to say in our exclusive interviews with them - https://billionaires.com/
Red Flags - Run The Other Way When You See This
1. I prefer email, and if some people claim their idea can't possibly be communicated in writing in a simple format, I pass.
2. Anyone who says their investment is guaranteed that is like saying "bomb" on an airplane anyone with a year of experience or any education on regulations knows not to say that.
3. When someone says they are buying an island to develop a resort, run the other way. The larger the project is, the more amateur the person hawking it is, and the more daisy chain (not real or great) the project may be in my experience. There are many $1B projects which are excellent, but most great deals are $1M-$100M or $100m-$500M, which are real, direct to the owner, etc.
4. When others get insulted that I would like an agenda for a phone call and review materials before jumping on, I prefer to have my team navigate or try to move on.
5. If I am treated in a rude way, or rushed, the person seems highly stressed or follows up 3x over 24 hours, or 5x in a week, I know they will eat whoever I introduce them to alive and make me look bad, so I move on.
6. When someone uses ethnic slurs, derogatory language, or things that would get you auto-canceled (many times for good reason) in today's society, if you have that poor of judgment to say such things, I do not want to work together.
7. If someone demands to talk to me on the phone, refuses to talk to my team and is rude about it - I move on.
8. Not a hard and fast rule, but if you don't take yourself seriously enough not to use a Gmail or yahoo email address, don't have a website, email signature, etc. and haven't invested $100 or $1,000 in these few things, why should we invest our time worth that same amount - we can't take you more seriously than you take yourself.
9. Suppose you are doing 9 different things and you do not have 1-3 areas of focus. In that case, it will be hard to work together typically unless those 9 different things are all in one bucket or focus area, such as 9 ventures in the niche of stem cells or dry cleaners or workforce housing.
10. If it is not immediately crystal clear what you do and it is not unique, I try to be helpful but I know it is very unlikely I will be able to help a lot.
11. When someone takes it personally and gets angry at a client or me and takes it personally that we didn't reply to their email, as if they have us on retainer to reply to their random emails, which come in all shapes and sizes at all times of the day from 1,000's of people, I know we can't work together.
12. When an email looks like a high school essay and is super long it makes it harder to figure out what the main point is and I will likely miss it.
There are many more screening criteria I consider, but these are 12 that I wanted to share today. Also, when someone has something very unique in 2-3 compelling ways, is concise, and seems like a great person, then I go out of my way to try to be extra helpful when I can as I'm sure you do as well.
Starting a Family Office
Starting a Family Office
- A Family Compass document has been created to ensure that from the beginning, the vision, objectives, goals, values, mission, and history of the family has been documented and incorporated into the investing and operating plans of the single family office.
- An operating plan on how day-to-day activities are carried out within the single family office has been established. A binder has been created which documents each of the Key Performance Indicators and critical processes to ensure the family office is operating as it should.
- Financial controls are in place to prevent embezzlement, unauthorized investments, and style drift within an investment portfolio.
- A core team has been identified and one individual has been appointed as the single family office CEO and/or CIO to act as the key executive making operational and/or investment decisions.
- Ethics and governance policies have been established to set out expectations for how personnel decisions are made, who can use family assets for personal benefit, how conflicts of interest should be managed, and what ethical obligations each family member is under.
- Legal structures set up properly for real estate holdings, operating businesses, investments, etc. Legal counsel has reviewed the entities to ensure that if one goes bankrupt or gets sued that it would not take down the entire family empire.
- Independent insurance professionals have been consulted who are not on commission to sell you more insurance to ensure proper coverage.
- Contingency plans for death, disasters, divorces, etc. how adaptations to breaking up the larger family office or changing family goals/values will be dealt with, etc.
- A diverse advisory board and investment committee have been established with policies on how they operate and help oversee governance issues within the single family office.
Tags: Creating a Family Office, Starting a Family Office, How to Start a Family Office, Family Office Startup Consultant, Starting a Single Family Office, Creating a Single Family Office
Family Office Jobs
Family Office Jobs
JOB TITLE |
LOCATION |
POSITION DESCRIPTION |
APPLY |
| Family Office Client Specialist | Pittsburgh PA | Boutique Multi-Family Office / Registered Investment Advisory Firm seeks Client Specialist to offer concierge level service for high net worth and ultra high net worth (Learn More) | |
| Single Family Office Trust Attorney | Reno, NV | Established Multi-Billion Single Family Office seeks Trust Attorney to act as Trust Officer with fiduciary oversight responsibility for complex trusts including generation skipping (Learn More) | |
| Succession Plan for Retiring Tax Partner | Northern, CA | Boutique Accounting Firm seeks HNW Accountant to lead client engagements. Manage the process of preparation and review of individual, estate and trust tax returns (Learn More) | |
| Single Family Office Trust Attorney | Salem, NH | Established Multi-Billion Single Family Office seeks Trust Attorney to act as Trust Officer with fiduciary oversight responsibility for complex trusts including generation (Learn More) | |
| Business Development Officer | Southern, CA | Boutique Entrepreneurial Multi-Family Office seeks Business Development Officer to expand market reach within the Ultra High Net Worth marketplace in Southern, CA(Learn More) | |
| Trust & Estates Tax Senior or Manager | Garden City, NY | Regional Public Accounting Firm on Long Island NY seeks Trust & Estates Tax Senior or Manager with strong fiduciary and estate tax background. (Learn More) | |
| Senior Relationship Manager | Atlanta, GA | 20B+ Private Client division of Top Tier Global Financial Services Firm seeks Senior Relationship Manager/Team Lead to work alongside Financial Advisor (Learn More) | |
| Business Development Officer | Southeast, FL | Boutique Entrepreneurial Multi-Family Office seeks Business Development Officer to expand market reach within the Ultra High Net Worth marketplace in Southeast, FL (Learn More) | |
| Senior Planning Strategist | Chicago, IL | Top Tier National Wealth Management Firm seeks Senior Planning Strategist to advise HNW clients on sophisticated wealth planning strategies including estate planning (Learn More) | |
| HNW Tax Senior | Jupiter, FL | Regional Public Accounting Firm in Jupiter FL seeks High Net Worth Tax Senior or Manager with individual tax background to prepare and review HNW returns (Learn More) | |
| Tax Director | Palo Alto, CA | Boutique UHNW Financial Advisory Firm seeks Tax Director to coordinate with clients and their advisors with regards to tax planning, research, compliance, and (Learn More) | |
| UHNW Tax Manager | Palo Alto, CA | Boutique UHNW Financial Advisory Firm seeks Tax Manager to review UHNW returns for individuals and family clients. Manage staff and be an internal technical resource (Learn More) | |
| Sales Manager – Boutique RIA | Southeastern, MI | Boutique RIA seeks Sales Manager to lead the team of two Senior Financial Advisors and their associates in managing a pipeline of leads, generating new leads and closing (Learn More) | |
| UHNW Tax Senior | San Francisco, CA | Nationally recognized UHNW Multi-Family Office in San Francisco CA seeks Tax Senior with individual tax background to review and prepare UHNW returns for individuals (Learn More) | |
| Senior Planning Strategist | Northern, CA | Top Tier National Wealth Management Firm seeks Senior Planning Strategist to advise HNW clients on sophisticated wealth planning strategies including estate planning (Learn More) | |
| Senior Planning Strategist | Los Angeles, CA | Top Tier National Wealth Management Firm seeks Senior Planning Strategist to advise HNW clients on sophisticated wealth planning strategies including estate planning (Learn More) | |
| Tax and Wealth Planning Analyst | New York City, NY | Work alongside senior team members in advising high net worth clients (5mm-1B+) on sophisticated wealth planning strategies including estate planning, income tax, (Learn More) | |
| Trust Advisor | Portland, OR | Top Tier National Wealth Management firm seeks Trust Advisor to manage high net worth relationships with an emphasis on trust advisory. Collaborate with other trust (Learn More) | |
| Trust Advisor | Anchorage, AK | Top Tier National Wealth Management firm seeks Trust Advisor to manage high net worth relationships with an emphasis on trust advisory. Collaborate with other trust (Learn More) | |
| Senior Financial Advisor | Atlanta, GA | Global Wealth Management Firm seeks Senior Financial Advisor in Atlanta to drive revenue from fee based financial planning. Must be capable of advising HNW clients on (Learn More) | |
| HNW Tax Review Seniors | Parsippany, NJ | Multi-Billion National RIA in Parsippany seeks HNW Tax Review Seniors with individual tax background to focus on review of clients returns. Will work with (Learn More) | |
| Wealth Advisor | Philadelphia, PA | Boutique National Wealth Management Firm seeks Wealth Advisor to assist Senior Wealth Advisors in managing relationships and providing trust administration, (Learn More) | |
| Senior Wealth Planner | Los Angeles, CA | Global Wealth Management Firm seeks Estate Planning Advisor in Los Angeles to work with HNW and UHNW clientele (10mm-100mm+) regarding sophisticated estate and (Learn More) | |
| UHNW Tax Professional | New York City, NY | Boutique Multi-Family Office seeks High Net Worth Tax Senior or Senior Tax Manager to work with high net worth clientele with regards to tax planning and (Learn More) | |
| Lead Financial Advisor | Atlanta, GA | Utilize a collegial team based approach to service high net worth clients providing investment management, cash-flow analysis, tax and estate planning (Learn More) | |
| Financial Advisor – Boutique RIA | Evansville, IN | Boutique Registered Investment Advisory Firm seeks Financial Advisor to counsel high net worth clients regarding investment advisory, financial planning (Learn More) | |
| UHNW Wealth Planner | Los Angeles, CA | Work in tandem with senior wealth strategist in dealing with cutting edge, sophisticated issues for ultra high net worth clientele, 50-100mm+ net worth range. (Learn More) | |
| UHNW Wealth and Tax Planner | Palo Alto, CA | Family Office Environment. Sophisticated tax research and planning for ultra high net worth families. Tax compliance as needed. (Learn More) | |
| Senior Financial Planner | Atlanta, GA | Fee-based Top Tier Financial Services firm seeks strong technical planner with ability to work with bankers and investment professionals regarding tax and estate (Learn More) | |
| Financial Planner | Edison, NJ | Boutique Registered Investment Advisory Firm seeks Financial Planner to counsel high net worth clients (5mm-15mm level clientele) regarding investment advisory (Learn More) | |
| Lead Investment Advisor | Philadelphia, PA | Top 10 Global Financial Services Firm seeks Lead Investment Advisor to manage client relationships with high net worth clients (1-10mm) and provide fee based (Learn More) | |
| Investment Advisor | San Diego, CA | Well Established Fee-Only RIA seeks Lead Investment Advisor to provide fee based investment management and comprehensive financial planning advice to high net worth (Learn More) | |
| Relationship Manager | Pittsburgh, PA | Top Tier Multi-Family Office seeks Business Development Officer to lead the overall expansion efforts of the firm. Strong emphasis on collaborating with internal (Learn More) | |
| Financial Advisor | Chicago, IL | Boutique Registered Investment Advisory Firm seeks Financial Advisor to develop business, manage relationships, and counsel high net worth clients (1mm+ level clientele) (Learn More) | |
| Relationship Manager | Atlanta, GA | Well established National Wealth Management Firm seeks Relationship Manager to lead HNW and UHNW client relationships and provide holistic, fee based investment (Learn More) | |
| Expatriate Tax | New York City, NY | Prepare returns and tax projections for UHNW clientele (5mm – 1B+) including, gross up calculations and tax equalizations. (Learn More) | |
| Senior Wealth Strategist | San Francisco, CA | Top Tier National Wealth Management Firm seeks Senior Wealth Strategist to work with HNW and UHNW clientele (10mm-500mm+) regarding sophisticated tax and (Learn More) | |
| HNW Tax Senior | Atlanta, GA | Successful Wealth Management Firm seeks High Net Worth Tax Senior or Manager from public accounting to assist Senior Wealth Strategist with tax and estate (Learn More) | |
| UHNW Tax Manager | New York City, NY | Multi-Family Office in NYC seeks Tax Manager focusing on internal technical resource for 35+ person department. Technical review of 1040s and 709’s, extensive (Learn More) | |
| Business Develop Officer | Washington, DC | Successful Financial Services firm seeks Business Development Professional to assist in transitioning Wire House teams to an RIA platform. This is a Top 50 (Learn More) | |
| Wealth Strategist | Denver, CO | Top Tier National Wealth Management Firm seeks Wealth Strategist to work with High Net Worth (HNW) clientele regarding sophisticated tax and estate planning (Learn More) | |
| Financial Planner | San Francisco, CA | Top Tier National Wealth Management Firm seeks financial planner to support senior planner with HNW clients (5mm-50mm) on sophisticated wealth planning (Learn More) | |
| Senior Relationship Manager | San Francisco, CA | Well established National Wealth Management Firm seeks Relationship Manager to lead HNW and UHNW client relationships and provide holistic, fee based investment (Learn More) | |
| Executive Leadership Position | Fairfield County, CT | Connecticut division of 70B+ National Financial Services Firm seeks Next Generation Firm Leader as the current Managing Director looks towards retirement. (Learn More) | |
| Financial Planner | Los Angeles, CA | Global Wealth Management Firm seeks financial planning professional in Los Angeles to support senior wealth strategist in advising HNW clients on sophisticated wealth planning (Learn More) | |
| Senior Client Advisor | New York City, NY | Boutique Wealth Management Firm seeks Senior Client Advisor with strong HNW tax background to advise clients with regards to tax review, tax compliance, (Learn More) | |
| Senior Relationship Manager | New York City, NY | Boutique Wealth Management Firm seeks Senior Relationship Manager to advise HNW clients with regards to asset allocation and investments, financial planning, (Learn More) | |
| Senior Wealth Planning Strategist | Atlanta, GA | Quality Entrepreneurial Wealth Management Firm in Atlanta seeks Senior Wealth Planning Strategist to advise HNW clients on wealth planning strategies including (Learn More) |
.png)

