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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Drawbacks to Starting a Family Office
Description: Drawbacks to Starting a Family Office Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are drawbacks in starting up a family office. Consider these challenges in setting up your family office. The upfront and ongoing costs can be considerable. These costs include the following: Hiring professionals and operational people can cost a great deal in today’s market. This includes not only salary, but also healthcare, payroll taxes, and more. This typically accounts for over half the cost of running a family office. Other costs include investment ad...