FORBES
10 Tips for Family Office Investing

“…family offices that are established for the purpose of managing wealth originally earned far from Wall Street must either get savvy about the wealth management business (and its sometimes unsavory practices) or surround themselves with people who are. Otherwise, wealth built over decades or generations can be lost virtually overnight to a “wealth transfer scheme”—and by that I don’t mean an estate plan to transfer wealth to heirs, but a plan designed to transfer hard earned wealth to advisors. Here are 10 suggestions to radically improve family office investment performance and reduce the risk of becoming a victim of the next Bernie Madoff.

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