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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Costs of Running a Family Office
Description: Costs of Running a Family Office Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are costs to running a family office. Here’s a list of cost categories to budget for: Professional costs including the services such as tax, accounting, and financial. Family expenses such as living expenses, travel, healthcare, and taxes. Facilities costs including communications, technology, and administrative overhead. Financial costs including advisory management fees, research, and reporting. Here are other factors to consider as well in estimating the cost: Complexity of portfolio -- the greater th...