Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
My Family Office
Old 02-27-2016, 11:58 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,880
My Family Office

A recent episode of Billions on Showtime made mention of a term that I have heard many times, but I was unsure what exactly the definition was. The term was family office.

After looking up the definition of the term, I have revised my j*b description when asked buy a member of the retirement community what I did all day.

My responsibilities are that of a Single Family Office (SFO) which includes wealth management activities for a low-profile south Texas family.

I may have to tweak it a bit, but I'm using it from now on until then.
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-27-2016, 12:32 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,589
Now you need some business cards and engraved letterhead stationery.
__________________

__________________
braumeister is online now   Reply With Quote
Old 02-27-2016, 01:15 PM   #3
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Laser printer business card stock.

With that you can crank out reasonable looking cards for any occasion.

I've been calling myself the manager for our family office for years, mostly because that is exactly what I do. It's a real, if part-time job. If needed, I have the paperwork and whatnot ready to go to turn it into a real salary-paying position with benefits for DW and I. That was the plan until the ACA came along and I was able to buy medical coverage. As a business, the Family Office (LLC) would be able to buy group coverage for the employees. The tax advantages don't appear until we can grow our nest egg to much larger proportions. :-)



Sent from my iPad using Early Retirement Forum
__________________
M Paquette is offline   Reply With Quote
Old 02-27-2016, 05:47 PM   #4
Recycles dryer sheets
Taxman59's Avatar
 
Join Date: Sep 2014
Posts: 484
I worked for one in North Carolina, and so I use that line and it is only a small fabrication!


Have the day you deserve, and let Karma sort it out.

Sent from my iPad using Early Retirement Forum
__________________
Taxman59 is online now   Reply With Quote
Old 02-27-2016, 07:45 PM   #5
Recycles dryer sheets
 
Join Date: Feb 2014
Location: SF Bay Area
Posts: 252
You may also wish to mention that members of your senior management team are all provided company cars and credit card expense accounts.


I would however refrain from mentioning that a member of your senior mgmt team may be sleeping with the boss.
__________________
FireBug is offline   Reply With Quote
Old 02-27-2016, 08:00 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,037
There are several books about establishing such a business:
http://www.amazon.com/The-Single-Fam.../dp/1503345033
__________________

__________________
RE2Boys is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
British Doctor does a high touch family intervention with struggling family haha Health and Early Retirement 20 12-07-2015 03:34 PM
DQOTD: MS Office > Apple "Office Suite" Midpack Other topics 10 02-03-2014 10:10 PM
Appropriate name for head of Office of Children and Family Services calmloki Other topics 4 07-17-2010 03:49 PM
charitable family foundations--family first! astromeria Other topics 4 09-25-2006 10:49 PM
The home office for the forum + Firecalc dory36 Other topics 16 07-21-2004 12:26 PM

 

 
All times are GMT -6. The time now is 02:17 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.