Cameron Caprio, the founder of VentureMFO, joins Nate Snyder, David Ness, and Adam Brown to discuss Family Offices and the strategic business and wealth management options they can provide for high-wealth individuals, including business leaders, athletes, and entertainers. The group discusses the mechanics of family and multi-family office structures, how to create these business entities, and how they operate. They also address the strategic advantages of bringing together a team of advisors to help with taxes, income and cash flow management, overall management, employment considerations, retirement planning, charitable giving, risk management, disability and other insurance options, and much more. Specific topics include charitable accounts, donor advised funds, foundations, charitable funding, disability planning, social capital and brand management, financial planning and structures, income taxes, multiple tax filings, residency considerations, tax deferred accounts, payroll and employment issues, retirement and next-stage planning, and “jock taxes.” Ultimately, family offices allow high-wealth individuals to assemble a team of trusted advisors to handle the business side of their lives, which allows them to focus on their craft and perform their best in the boardroom, the studio, or the arena.
For additional information on Family Offices and other considerations, please see Cameron Caprio’s recent publication: Professional Athletes: The Compelling Case for a Multi-Family Office. And please click the following links to connect with Cameron Caprio, Nate Snyder, or David Ness. They all work regularly with high-wealth individuals to analyze and implement family offices.
Please click below to listen to Episode 38, or you can find us on most major podcast platforms.
The information in this podcast is for informational purposes only. It is not intended to be legal advice, nor does it establish an attorney-client relationship. If anything, this podcast should be considered advertising for the types of service we can provide. Legal advice of any nature should be sought from legal counsel directly. Unsolicited messages to Fafinski Mark & Johnson will not be considered confidential and do not create an attorney-client relationship with FMJ or any of our attorneys, and we may not respond at all.
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