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Podcast: The Accounting Podcast
Episode: Family offices: How the ultra-wealthy manage their money 🎙 Live at Sage Intacct Advantage
Description: 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...