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Growing A Practice The Multifamily Office Way

Picture - The Multifamily Office WayMany financial advisors strive for the family office model, even if they don’t have the client base to support it.

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:

  1. See the trends
  2. Become a lifestyle CFO
  3. Put the eggs in multiple baskets
  4. Build an extended team
  5. Know where the money goes
  6. Help clients ethically avoid paying taxes
  7. Watch out for scope creep
  8. Factor in the risk of divorce
  9. Make it simple
  10. Increase revenue from existing clients

Need help shaping your business model? Contact Byrnes Consulting for assistance.

 

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