How To Start A Family Office From Scratch

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  • Опубліковано 26 сер 2024

КОМЕНТАРІ • 199

  • @indianapapi
    @indianapapi 3 роки тому +187

    Beautiful knowledge. My brother and I just started a family office with the millions we made from crypto. Excited to grow it and educate our kids in this exact manner so they don't destroy it. We are first-generation wealth and we can't mess this up. Our unborn great grand kids are counting on us!

    • @edd2184
      @edd2184 2 роки тому +15

      Beautiful to hear, I wish you guys success beyond Your wildest dreams and then some!

    • @moneybags6840
      @moneybags6840 2 роки тому +3

      How’s those crypto millions doing?

    • @indianapapi
      @indianapapi 2 роки тому +21

      @@moneybags6840 Mine are doing fine because I converted profits to USDC then to Fiat. We are doing great, and this low has allowed us to buy back in for dirt cheap. Crypt is just like any other market. Play it correctly you can win, when it's up and down. I believe the real issue is people don't understand the game they are playing and just think it's easy money. Takes time, research, and discipline, just like any other market!

    • @yagelshemtov7924
      @yagelshemtov7924 2 роки тому +1

      @@indianapapi It's hard to "play it correctly" when there is no value behind then, and for now it runs on Hypes.. very different from the stock market, where you can value stocks threw business models and Financials

    • @indianapapi
      @indianapapi 2 роки тому +4

      I agree with you. All I markets are hard to play them correctly. I do not mean to trivialize it or the success my brother, and I have had. It wasn’t easy by any means. Just like with any game, scheme, market, etc., there will be some winners, and there will be losers. Many people have lost in crypto so far. Some of my friends included. Crypto is in a mode whose value is what someone is willing to pay for it. I argue that all things are ultimately like that in a capitalist society. I say that because even stock is based on perceived value or sentiment. Some might disagree with me, but the perception of a stock moves it up and down. A company can have a great earnings report, yet the stock drops. The opposite can happen also. Analysts often put a target price on stocks, and that range is based on perceived worth. That said, some will never like crypto. Some will love it. Some hate it because they hate everything that has hype; some overhype the technology way beyond its capability. It is up to each of us to determine if that is a game we want to play and if we do, we do it to our best ability to have a great outcome, hopefully.

  • @gr8bushman
    @gr8bushman 3 роки тому +42

    Bridger, please do a video on how to start or launch a SPAC (Special Purpose Acquisition Company).

    • @pixpectiv
      @pixpectiv 3 роки тому +1

      This will be 👌awesome

    • @edidionguk5267
      @edidionguk5267 3 роки тому +1

      We need that video ASAP

    • @ekeneconnects
      @ekeneconnects 3 роки тому

      We need that video.

    • @DadsWatchingYouTube
      @DadsWatchingYouTube 2 роки тому

      Lol.

    • @DadsWatchingYouTube
      @DadsWatchingYouTube 2 роки тому

      You shouldnt be starting a SPAC if youre looking at youtube for a how to video. Master the basics of stocks before you start trying to acquire an entire company through a seperate company. Like... learn how to do long division before polynomial division. And here you want to do Engineering.

  • @quackeryjack27
    @quackeryjack27 Рік тому +4

    So I read Rich Dad Poor Dad in 2020. Which started my financial education. I've been at this for three years now and this is the first I've ever heard of a family office. My little Yokel Financial brain is literally blown. Thank you so much!

  • @kamalkarim100
    @kamalkarim100 2 роки тому +12

    I started off as the CFO of the MFO, evetually became the CEO of the SFO once the MFO split up. A CTO and COO was not required but the Chied Legal Officer is a must

  • @georgeochieng8954
    @georgeochieng8954 Рік тому +4

    This is the simplest breakdown of what a family office is that I’ve ever come across.

  • @cristianmerizalde555
    @cristianmerizalde555 2 роки тому +15

    Its amazing how this can change the perspectives. I am so inspired by this type of content, found you a week ago and have already watched 17 of your videos. For someone with the potential (but not yet the opportunity) its mindblowing to understand the way funds get started, operated, managed and moreover the real reason of why wealthy people keep getting wealthier.
    Thanks for sharing once again. I can surely see myself running my own fund one day, I will do it for myself!

    • @Brisius
      @Brisius Рік тому +1

      don't forget to act on the knowledge

  • @annechang5614
    @annechang5614 3 роки тому +10

    I found it actually a very good pitching point that family offices help the clients to pass down the wealth in a wiser way to the next generations. Separately, I think for the people setting up a single/multi family office, it will be very helpful to introduce a few ways of connecting the themselves to the promising funds (venture funds, PE funds, private credit funds, direct investments etc.) or letting those funds loop in the family office when there is a fundraise.
    Thanks a lot for the videos - they are very helpful!

  • @SilviaManentFinancialAdvisor
    @SilviaManentFinancialAdvisor 3 роки тому +9

    I had no idea the rockefeller's had this sort of structure! I think I am going to set up myself.

  • @profitprophet6418
    @profitprophet6418 3 місяці тому +1

    I grew up in a regular house too and found out my grandparents and father mentored me in entrepreneurial ways which lead me to work for George Lucas to start his family office in the 90s
    22 yrs later...We are in these times and i got to be a normal person without support to help entrepreneurs do what you are teaching way better than i could but i did implement for others

  • @Ikigaitrading
    @Ikigaitrading 2 роки тому +3

    “Because Funds run the world” lolll
    Your dope as hell bro, preciate what your doing man. Honestly!!!!

  • @manhoosnick
    @manhoosnick 3 роки тому +5

    Please do a video about how to have a hedge fund that makes us rich so we can buy UA-cam premium and not watch the ads before your videos.

  • @kadenhart8389
    @kadenhart8389 3 роки тому +7

    So much good insight here! Love it! Cool to hear the stories about generational wealth like the Rockefeller's and the Vanderbilt's. Family offices are important!

  • @rayfellers
    @rayfellers Рік тому +2

    There's a lot to unpack in this introduction to family offices. I'd never heard of them until I was reading about high value individuals and families in China trying to find a way to escape with their wealth.

  • @3maica9
    @3maica9 Рік тому +1

    Thank you for this content! I’m currently on the path of rewiring myself for wealth. I sat down with my oldest and he wants a high networth lifestyle. So we’re on the mad dash to learn and educate ourselves in the psychology and methods of acquiring & sustaining wealth - At the intersect of philosophy so he’s not navigating life w/ “trust baby” energy. Not a lot of info out there for those that come from generations of middle class people. This was gold. Thank you 👏🏼❤️‍🔥

  • @JayKayBel
    @JayKayBel 2 роки тому +1

    Man this is gold.
    Been trying to figure out what's the next step to make. This is it.

  • @miguelgonzalez6213
    @miguelgonzalez6213 5 місяців тому

    'Family Bank Fund' is one of the most creative ideas I've yet heard on how to both manage as well as maintain a sudden financial windfall, or just long-term generational wealth. Instead of just handing out bags of money and not teaching any family members anything, you encourage creativity, entrepreneurial spirit, business financial discipline, and give those who partake a chance at creating their own personal wealth story.

  • @austinhowery9810
    @austinhowery9810 Рік тому +1

    I work at a trust company serving UHNW clients and everything you said can be accomplished in a trust along with more benefits than a corporate entity. Trust companies have distribution committees and investment committees and they reduce pressure on family dynamics.

  • @vukdjukic3499
    @vukdjukic3499 3 роки тому

    fund guy... I heard "fun guy". insightful, simplified to the core... just what UA-cam needs at 3am in the morning. all kidding aside I listened to the end. thanks

  • @mister_truth9046
    @mister_truth9046 2 роки тому

    This video had been the activation energy for me for starting a family office.
    Namaste from India 🇮🇳 .

  • @DVFinserv
    @DVFinserv Рік тому

    I like the quote : " There is satisfaction in Earning Money and life is like that... " Very rightly said. I like this video. It's excellent, informative and educative. I am from non english speaking community. So it was bit difficult to understand word to word.. The speaker is really good and expressive but speaking very fast. I still appreciate the accent. And the content is good.

  • @gigiharris8948
    @gigiharris8948 Рік тому +1

    Thank you. First time here. Some families must educate its members in order for this to be viable.🌸

  • @deanevans2505
    @deanevans2505 Рік тому

    It's quite a coincidence finding this video because I just bought a book entitled, What Would The Rockefellers Do. I haven't read it yet but after watching this video I have to dive into the book as soon as possible!

  • @randomname2366
    @randomname2366 2 роки тому +3

    This is perfect! I love this small change in how to secure the future of you family both with money and their relationships. As I'm gaining my own capital and assets this has helped me realize how to see into the future. I was a bit worried but now I see a great way forward. Thank you!

  • @michaeledgar5863
    @michaeledgar5863 3 роки тому +2

    This brought together a lot of wonderful ideas into a cohesive presentation.

  • @ejiroghenestanleyanyoru25
    @ejiroghenestanleyanyoru25 3 роки тому +2

    KING!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @englishcoach7772
    @englishcoach7772 11 місяців тому

    I like the variety of examples you give. The depth of the information, and how practical the advice is toward applying some of your methods.

  • @ameydandekar1413
    @ameydandekar1413 2 місяці тому

    Amazing. Would love some interviews of the people you have helped for hedge funds, family offices etc. about how they run their thing.

  • @jacob.brandw
    @jacob.brandw 3 роки тому +3

    That’s amazing, how great of a setup. Will definitely do this!

  • @ajaybanga7035
    @ajaybanga7035 10 місяців тому

    This is awesome. I’m first generation and was wondering how can things be structured. Your videos are awesome and I’ve been watching them. Thanks Bridger!

  • @byron5358
    @byron5358 2 роки тому +1

    Thanks for the great content! Can you please make a video of how to monetise (in say a PE fund) while you are waiting for the liquidity event (IPO or sale). How do you pay salaries, overheads etc. while you wait for the liquidity event. I might be missing something obvious but this is a part I seem to struggle to understand.

  • @Kaden_Smith242
    @Kaden_Smith242 Рік тому

    This is correct we use this type of style in my family

  • @howierattliff5435
    @howierattliff5435 3 роки тому

    Keep it up Bridger! This channel will make everyone in the comments more than 100 dollars! RT

  • @antoinejutras-carignan8710
    @antoinejutras-carignan8710 Рік тому

    intergenerational wealth management at its finnest! Thank you soo much for your aswome content!

  • @thewoodsfirm
    @thewoodsfirm Рік тому

    Your content is amazing. I have been teaching my daughter how to make money and you have so many good videos I just tell her to binge watch you. Thanks for making this incredible content!

  • @devbalaji3089
    @devbalaji3089 Рік тому

    the information in this video is gold

  • @jinghuangchen9632
    @jinghuangchen9632 3 роки тому

    I was just wondering what a family office is this morning, I guess UA-cam read my mind and force me to subscribe this channel

  • @loveleegiove
    @loveleegiove 3 роки тому +1

    I’ve checked a few of your videos out today. Great stuff man. Thanks! A video with more specifics on raising funds as a VC firm would be great (approaching pension funds, family offices, etc). I saw one you had, but I mean going into more detail with how to find them, how to actually establish contact with them, set up meetings and pitch to them, etc.

    • @loveleegiove
      @loveleegiove 3 роки тому

      That was a really cool video by the way! Super interesting

  • @RomarioCHVNNS
    @RomarioCHVNNS Рік тому +3

    Great video Bridger! Since you're already way into this rabbit hole, a great follow-up would be a video on how families/estates can set up and structure Family Banks via High interest-High yield premium whole life policies.
    A lot of people make light mention of the "family bank" or "infinite banking" but very few are willing (or maybe even knowledgeable enough) to teach their community how to start and set up such a thing.
    I think your viewers would appreciate that just as much as this video.

  • @hypernationalist8460
    @hypernationalist8460 Рік тому

    Your energy your delivery is awesome! Keep rocking

  • @farhadsolaimani3534
    @farhadsolaimani3534 2 роки тому +1

    What type of roles exist at Family Offices for those who want to build a career there?

  • @JoshOrendi
    @JoshOrendi Рік тому

    Two questions: 1) My business partner and I own 50% each of the primary business, do you recommend setting up a Family Office with a trusted business partner or two separate family offices? 2) How does the Family Bank grow the assets beyond low interest returns on loans to family members?

  • @kristanpeacock1213
    @kristanpeacock1213 2 місяці тому +1

    If I was rich this would be great information

  • @SilviaManentFinancialAdvisor
    @SilviaManentFinancialAdvisor 3 роки тому

    also you have the most incredible youtube channel. I still remember when you had like 2K subscribers! great job Bridger!

  • @kerlened.9115
    @kerlened.9115 3 роки тому +1

    Wealth of Knowledge!!! Thank you so much!

  • @SherifaCarmicheal
    @SherifaCarmicheal 3 роки тому

    Awesome sharing....this is info that so many have no access to....knowing it exists is the first step in exploration.
    Thank you so mich for sharing your knowledge...

  • @fcordobaot
    @fcordobaot 2 роки тому

    Finally, I found such amazing content. Thank you very much for the descriptions :)

  • @Youssef00
    @Youssef00 2 роки тому

    Love the way you layout the funding and investment space

  • @Thefewfunds
    @Thefewfunds 3 роки тому +2

    This seems like a major asset protection measure. Very interesting. Do you have to already be wealthy to start a family office in this way?

  • @loganshearer7706
    @loganshearer7706 3 роки тому

    I love this topic. Thanks Bridger!
    Could u do a video on a growth equity fund. That middle space between venture capital and LBO

  • @sac856
    @sac856 2 роки тому

    Excellent content. Such a criteria is rather like the formation and usefulness of creating foundations. Thumbs up..

  • @jasonhughes5329
    @jasonhughes5329 8 днів тому

    If you ever go to the Biltmore Estate in Asheville, you will see how even the largest fortunes can be absolutely squandered on ridiculous luxury.

  • @TaylorJohnson1
    @TaylorJohnson1 Рік тому

    I’m in the MFO business. This is valid information. Well done!
    Subbed.

  • @aceblaze9295
    @aceblaze9295 3 роки тому

    I really appreciate your videos bro
    Much love bro 🙏🏾🙏🏾🙏🏾. Learn alot from you keep the videos coming

  • @niisimmonds1195
    @niisimmonds1195 3 роки тому

    Very informative. I work with a couple of family offices who want to invest in dual-use early stage technologies.

  • @xyz987123abc
    @xyz987123abc 6 місяців тому +1

    This in some ways reminds me of the information the late Dr Peter Drucker was able to amass on the DuPont family. One of the few American families able to keep their $ for centuries.
    A bit of humor: the French revolution actually benefited this family as they were forced to leave France and thus get their start.

  • @TIDEPOOLRALLY
    @TIDEPOOLRALLY Рік тому

    Coolest video I’ve seen in my entire life no joke

  • @abrahamavibina388
    @abrahamavibina388 Рік тому

    Hi Bridger! Thanks for making this video. I learned a lot.

  • @Joseph-bi8xs
    @Joseph-bi8xs 2 роки тому

    It would be prudent to have a percentage set aside up-front (10%--35%+)-to be managed separately as an investment fund for growth and preservation. Expand the capital base over time vs depleting it.

  • @ThisisJohnWilliams
    @ThisisJohnWilliams 3 роки тому +1

    Really good content

  • @teresacalipco3454
    @teresacalipco3454 Рік тому

    Thank you so much very detailed and informative.

  • @jonathansmith2864
    @jonathansmith2864 6 місяців тому

    Amazing intergenerational wealth strategy!!!

  • @bloomscenenlp
    @bloomscenenlp 7 місяців тому

    Good info, but I think a Trust is still king with this type of thing. You can structure it the same way without it having to be a LP

  • @atse1910
    @atse1910 3 роки тому

    You're videos are very informative and helpful. Thank you!

  • @sergiojimenez8731
    @sergiojimenez8731 3 роки тому

    This is a very good and informative video…but…I don’t think I need to worry about starting a family office anytime soon 😂🤙

  • @giocorpus444
    @giocorpus444 Рік тому

    Can you do a video on how to start a bank and investment bank

  • @az8864
    @az8864 3 роки тому +1

    Bridger, I introduced you to my cousin. Your videos are the start to our fund development process. Thank you :)

  • @mikeslifestyletipsreaction833
    @mikeslifestyletipsreaction833 Рік тому +1

    This is gold!

  • @bennyelzweig5207
    @bennyelzweig5207 Рік тому +1

    What would you say is the minimum net worth of a family to consider doing this? Or is there a better “investsble assets” number? Who does the hiring? At the end of the day the family built and sold a company they aren’t financial experts.

    • @scottcamuto8410
      @scottcamuto8410 Рік тому

      Usually family offices are for families of atleast $ 50 or100 million . Realistically they are prominent for those with 250 plus unless multi family office model used. Costs are high when compared with rewards for smaller fortunes so thats why trusts are more common.

  • @israelditsele.
    @israelditsele. 3 роки тому

    Really love this video, content that I really enjoy.

  • @raymondmwansa_1
    @raymondmwansa_1 Рік тому

    Awesome, learning hope to set up one.

  • @ADobbin1
    @ADobbin1 5 місяців тому

    Its not just the rich people who should be doing this. Its every family in the world. Pool your resources as a family instead of having to do everything individually. Even if it is informal.

  • @successfullystella
    @successfullystella Рік тому

    This is type of fund I would like to launch for my future SFO FUND. ETF on the stock market.

  • @MrFlavioMC
    @MrFlavioMC Рік тому

    Great content Bridger!!! Loved it!
    Love your channel already.
    QQ: On general does location affect fund future perspective? How taxes play a role in creating funds?

  • @dariusechols751
    @dariusechols751 2 роки тому +1

    Great video do you or your family use this system

  • @brunodc5232
    @brunodc5232 3 роки тому

    Thank you for this video Pennington!

  • @annajones9701
    @annajones9701 3 роки тому +1

    What is average family office annual rate of return?

  • @mrmanq9517
    @mrmanq9517 7 місяців тому

    What a GEM of a video 🙌

  • @fractalitty7901
    @fractalitty7901 3 місяці тому

    really good knowledge! thank you.

  • @MrChris0505
    @MrChris0505 3 роки тому +1

    What If I die? Well Great!!! Classic Bridger!!! 🤣🤣🤣

  • @KarstenOlejnik
    @KarstenOlejnik 2 роки тому

    dude you need to do something about the S-sounds (Sibilance). Please use a de-esser

  • @javiersalazar9779
    @javiersalazar9779 Рік тому

    what is the difference between this structure and the infinite banking system? it sounds the same to me.

  • @AdrianLievano
    @AdrianLievano Рік тому

    solid advice - great work

  • @flaregamerz4030
    @flaregamerz4030 4 місяці тому

    @bridge Pennington dude i have laernt a lot from your video.
    I would be very happy if you put a video regarding steps to running a equity company ❤

  • @vikyvadeboncoeur9916
    @vikyvadeboncoeur9916 Рік тому

    i want you to take your channel to an other level can we have an interview of hedge funds managers on your channel ?

  • @nathanielahiggs5256
    @nathanielahiggs5256 Рік тому

    Awesome information 🎉hope you would think about doing business in The Bahamas 🇧🇸

  • @last-life
    @last-life 4 місяці тому

    As a wealth accumulator, I can't imagine giving someone else over the control of that money.

  • @PatriceGaudicheau
    @PatriceGaudicheau 3 роки тому

    Very good ideas !
    Thank you for sharing

  • @Igor.I.Molchan
    @Igor.I.Molchan Рік тому

    Thank you! Great advise!

  • @Igor.I.Molchan
    @Igor.I.Molchan Рік тому

    Would you mention some link to this Rockefeller rules? I do not found it

  • @kawaiisenshi2401
    @kawaiisenshi2401 3 роки тому

    Yessss i was planning on doing this!

  • @robertmadden4032
    @robertmadden4032 2 роки тому

    What's the best way to structure? Any recommendations for articles or partnership etc?

  • @Mr.Moneybags40
    @Mr.Moneybags40 Рік тому

    he said “ you die ..and people will get over it very quickly “ lmao 😂

  • @jamesalba4182
    @jamesalba4182 3 роки тому

    Thanks for the wisdom..priceless 👊

  • @justintupicruz6324
    @justintupicruz6324 2 роки тому

    This is awesome.Great information

  • @YasinNabi
    @YasinNabi Рік тому

    Success is only defined when your are doing your best to grow and learn new things... By the way thanks for the uploads. a fellow creator..

  • @lucasklabin8640
    @lucasklabin8640 3 роки тому

    thanks man i was realy wondering what i was going to do with my future 1 billion dolars

  • @mavoromatthew
    @mavoromatthew 3 роки тому

    Cheers to the future.

  • @mindbodysoul9137
    @mindbodysoul9137 Рік тому

    What happens if you don't have family members to form an investment committee? If you are a single person with a few kids but through investment example (crypto) you have gained considerable wealth, what would be the plan?

  • @rudolphcordell
    @rudolphcordell Рік тому

    This is insanely cool info

  • @nexxess
    @nexxess 3 роки тому

    Great Video.... Rockefellers set up Irrevocable Complex Trusts.