May 7, 2021
My co-host is Allan Bennett, Patriarch, of Bennett Family Office. Allan started a Family Office in 2016. Both Allan and his amazing wife, were former clients of mine, when I was providing high-end personal advice. I’m sure there will be more about this experience and journey soon.
Allan, it’s a real privilege to be co-hosting with you today for plenty of reasons however, the no.1 reason is my gratitude for both you and your wonderful wife being brave enough to 1) place trust in myself and the Family Office message that I brought to you; and 2) pre-pay as a client for 10 years which enabled Generational a start as a multi-family office (from the depths of my soul, thank you).
Let’s get started by you telling our amazing audience
• about yourself | make up of family | your business journey, and how we met
Q: What was the Family Office message you heard and how has that played out? Q: What does if feel like being a Patriarch?
Q: Knowing what you know now, if you had your time again, would you have commenced a Family Office earlier and if yes, why?
Q: Please describe to our listeners, what are the benefits you have experienced by having a Family Office
November 12, 2020
WHAT OPTIONS EXIST OTHER THAN A FAMILY OFFICE?
If you are exploring Family Office as a structure | solution, what are alterative options?
• DIY – where you do everything. You go from meeting to phone call to meeting to email to meeting to email to phone call and on it goes.
• Hybrid – you outsource some of the functions of what you are wanting to achieve.
• Private Wealth & an Accountant
What are the pros and cons of DIY? | What are the pros and cons of Hybrid? | What are the pros and cons of Private Wealth & an Accountant?
Why a Family Office is the optimal solution | structure IF family, living your life, leaving a legacy and intergenerational transfer of wealth and assets is important to you is best described by Jim Collins (Author of Good to Great: Why Some Companies Make the Leap and Others Don't).
Paraphrasing the truly wonderful study undertaken by Jim is:
• Get the right people on the bus
• Get the wrong people off the bus
• Get the right person driving the bus
August 12, 2020
TAX LIENS IN THE UNITED STATES
Tax liens are nebulous investments because people hear about high interest rates and potential properties for cents on the dollar, but it’s really a legal matter. Melanie is the CEO and founder of Tax Lien Wealth Solutions (which she started in 2017). Melanie is a woman winning in the financial world. She is a subject matter expert on tax liens. Her passion is in adding value to other people’s lives. Melanie is the First Female to become a Certified Tax Lien Professional by the National Tax Lien Association, the governing organisation over the tax lien industry in the United States.
June 26, 2020
WHY NOT A FINANICAL PLANNER OR ACCOUNTANT?
What are the common triggers for starting a Family Office?
- ensuring that wealth is transferred to future generations
- preserving family wealth
- consolidating assets
- dealing with a sudden influx of liquidity
- solving family conflicts; and increasing wealth management efficiency.
- Family offices have also gained prominence because of wealth-holding families’ desire for greater control over their investments and fiduciary affairs, as well as lifestyle management.
- Timeframe for investment decisions:
- Short term = 20 years
- Medium term = 50 years
- Long term = 100 years
- Consider dividend levels and pay out ratios
- Acquisition and management of private assets
June 12, 2020
WHAT ARE THE BENEFITS OF A FAMILY OFFICE?
My co-host is Chloe Arthur who made the change from being a Financial Planner in 2018 to being an Adviser to Family Offices.
Chloe is happily married to Shane and they have two amazing daughters, Emily, and Matilda.
Hi Chloe and welcome to Family Office with Lance Meikle podcast. It’s a real privilege to be co-host with you today. Let’s get started by you telling our amazing audience
- about yourself; and
- how we met
Q: What is it you like about Family Offices?
Q: What how your found to be the difference between being a valued high-end Financial Planning | Private Wealth client to being a Family Office client?
Q: Would you go back to Financial Planning? If so, why and if not, why not?
Q: What advice would you give our audience if they are weighing up whether to look at starting a Family Office of not?
Q: Feedback from your clients? Is there is a change | shift from when your client starts dealing with you to down the track and what is the change?
Q: In your career, have you come across similar offering to Family Offices?