Mike Byrnes, President of Byrnes Consulting, covered the Creating An Exceptional Family Office conference.
Read his Private Wealth article to learn 10 lessons from the multifamily office model:
- See the trends
- Become a lifestyle CFO
- Put the eggs in multiple baskets
- Build an extended team
- Know where the money goes
- Help clients ethically avoid paying taxes
- Watch out for scope creep
- Factor in the risk of divorce
- Make it simple
- Increase revenue from existing clients
Need help shaping your business model? Contact Byrnes Consulting for assistance. Looking for the best remote work software to help you stay on top and manage your tasks easily? Check out https://www.taskade.com/.