The Accounting Podcast

Sponsors

• Bill.com https://cloudaccountingpodcast.promo/bill
• Teampay https://cloudaccountingpodcast.promo/teampay

Show Notes

• 03:38 – 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 dollars
• 06:21 – The ultra-high-net-worth crowd use a family office as a way to manage wealth, and mitigate financial risks
• 07:16 – An effective virtual family office utilizes outsourcing and the newest and most efficient technologies to seamlessly manage the family or individual's funds
• 08:51 – How do you measure success of a family office? Clarify, communicate, compare, and get two or three sets of eyeballs to check the work
• 12:26 – How exactly does one enter into the family-office arena as a career choice? Is it even possible?
• 13:52 – Breaking into the family office segment means getting to know the target (ultra-wealthy) audience, gaining some experience, and proving your worth
• 14:38 – At some point, the old dogs are going to have to learn some new tricks
• 15:36 – You really can't outsource creativity and leadership in the family office
• 16:50 – Apart from technology and automation, you need the soft skills - collaboration, globalization, and listening
• 17:22 – Angelo discusses some of the challenges of working for a family office
• 18:31 – Angelo talks about what inspired him to enter into the family office arena
• 20:29 – Check out Angelo’s book, “Effective Family Office: Best Practices and Beyond,” on Amazon! He’s also got a podcast! You can find Effective Family Office Podcast on iTunes, for Apple users, or Stitcher, for the Android crowd!

Connect with Angelo

• Angelo Robles, CEO, Family Office Association
  • Website: https://familyofficeassociation.com/
  • LinkedIn: https://www.linkedin.com/in/angelorobles/
  • Twitter: https://twitter.com/familyoffice

Episode Art Photo Credit:

• April Blankenship
  • https://twitter.com/aprilblnknshp
  • https://twitter.com/aprilblnknshp/status/1187023281687130112/photo/2

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram!

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December 9-11: Digital CPA Conference in Seattle

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