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The Family Office Book: Investing Capital for the Ultra-Affluent Hardcover – August 7, 2012


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The Family Office Book: Investing Capital for the Ultra-Affluent + The Complete Family Office Handbook: A Guide for Affluent Families and the Advisors Who Serve Them + Family Wealth--Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations
Price for all three: $125.52

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Product Details

  • Hardcover: 336 pages
  • Publisher: Wiley; 1 edition (August 7, 2012)
  • Language: English
  • ISBN-10: 1118185366
  • ISBN-13: 978-1118185360
  • Product Dimensions: 6.3 x 1.2 x 9.3 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (36 customer reviews)
  • Amazon Best Sellers Rank: #174,750 in Books (See Top 100 in Books)

Editorial Reviews

Review

"Packed with information about what high-net worth individuals want, need and get from professional money managers. Richard pulls back the curtain on the almost mystical world of the super-wealthy for investors and for anyone getting into the family office business. 

 - Pimm Fox, Bloomberg TV and radio anchor. Taking Stock with Pimm Fox

 

The Family Office Book is great because it explains exactly how the family office industry works, how the ultra wealthy are investing their money, and how the fund manager selection process works.

             - Michael Skapoullis, Certified Hedge Fund Professional (CHP) designation alumni

"Richard works with family offices and ultra-wealthy clients on a day-to-day basis.  "The Family Office Book" provides a unique perspective into exactly how those with $20M, $100M, or $1B are using family office wealth management vehicles to manage their capital."
  
 - Russ Alan Prince, President of Prince & Associates, Inc.


"The  Family Office Book is unique as the most comprehensive study of the family office world.  It provides important perspective to families, family office management and clients of family offices.  A must read."
 
             - Charles B. Grace Jr., Director of Threshold Group, Founder of Ashbridge Investment Management

"Anyone that wants to be in the family office space needs to read this book.  It has countless bits of valuable advice.  It will be required reading for everyone that joins my family office team."
          - Noah B. Rosenfarb, CPA/ABV/PFS, Managing Director, Freedom Wealth Advisors

From the Author

This book contains well over $20,000 worth of advice in direct audio transcript form from top family office chief executive officers, chief investment officers, portfolio managers, and executives.  In addition to my investment of over 400 hours in writing this text we have surveyed over 40,000 members of the Family Offices Group association, and conducted over 40 hours of audio interviews to create this resource.  The global views in this book were formed by meetings with dozens of family offices in Moscow, Sao Paulo, Singapore, Tokyo, Monaco, and Liechtenstein.  Our goal is to make this a central resources for teams of family office professionals in all corners of the world.  

I wrote this book for single and multi-family office professionals and ultra-high net worth individuals who want to further explore how family offices operate and deploy capital. 

My current role involves providing the best-of-breed fund managers to family offices. Years ago, when I first started working with family offices, I wanted to learn more about this industry. Much to my surprise, I found there were very few books or web sites dedicated to the subject.  

After several years of working with family offices, I started FamilyOfficesGroup.com, the first free-to-access educational web site on the family office industry. Since then, we have been posting new educational resources to the web site each week, and we have seen the association's membership grow from five initial members to its current level of 40,000-plus members from all over the world.

Objective: The objective of this book is to provide you with a $1,000 multimedia training experience for just the small price of this book. In my attempt to create this value, I provide you with insights on the operations, capital deployment best practices, investment processes, portfolio allocations, investment committees, and fund manager selection processes of family offices using instructional videos, audio MP3s, and other unique resources you simply won't find anywhere else.

Is This Book Right for You?

While this book was written primarily for family office professionals, ultra-high net worth individuals and fund managers will also gain a better understanding as to why family offices exist, what function they serve, and how they manage capital. Moreover, this book will assist you in making a more-educated decision when selecting a family office to meet your needs.
Understanding how family offices invest their capital is important for the healthy growth of the industry so family office executives and entry-level professionals can see how their peers are investing. It is also important for ultra-high net worth individuals to know what to expect, how a family office may invest their money, and what questions to ask when they sit down to hire a family office. 

What This Book Is Not

The main purpose of this book is to explore how family offices operate and deploy their capital through fund manager selection, cash management, and portfolio construction. This book is not a quantitative, statistical research study, or set of recommendations that family offices should follow. You will not find PhD-level mathematical models showing how to calculate the true risk of particular asset classes, or in-depth financial models of efficient portfolios, as there are dozens of books already written on these important topics. Instead, this book contains valuable insights from some of the world's top family offices.

What Is Unique about This Book?

Most books present only one perspective, opinion, or angle on an issue or industry. Rarely does a single individual's expertise present the complete diverse picture of what is going on regionally or globally within any industry, however, making those books an incomplete resource. 

To prepare for this book, I read and reviewed each of the other family office books currently in print. Many of them are valuable and worth reading; they provide valuable quantitative statistics, research, and case studies in a few instances. I know for certain, however, that this book is unique; you get to read the direct thoughts of dozens of global family offices, including several that are frequently listed as being among the largest and most successful top 50 family offices in the world. 

To write this book, I leveraged the 40,000-plus member family office association that we manage, the Family Offices Group. To make sure this book presented ideas as diverse as the family office industry itself, we spoke with 'thousands of family offices and conducted recorded interviews with dozens of single and multi-family offices to create both the Family Office Monthly Newsletter, our training and certificate program on family offices called the Qualified Family Office Professional (QFOP) program, and this book. 
The interviews were conducted with family offices from Australia, Israel, Dubai, Monaco, United States, Switzerland, Singapore, and many other locations. Each of these interviews lasted for 30 to 90 minutes, and, once transcribed, the interviews in total resulted in 225,000 words' worth of family office advice and insights. The average family office executive we interviewed had 22 years of experience, so in total this book and our newsletter constitute 756 years of industry experience. 

This is the only family office book that contains family office interview transcripts, MP3 audio interview downloads, dozens of instructional video modules, recorded family office conference presentations, and free PDF templates. I have made every effort to ensure that this is not simply a book, but a high-end multimedia training experience for those who have the time and interest to use it as such.

I have been completing research on and working with family offices of different types for almost 10 years now, and I think it is important to share what my perspective has been of family offices so that readers can understand where I am coming from in this book. I study family offices because my entire career and business revolves around the family office industry; it seems the more I share in the form of speaking, recording videos, publishing articles, and so on, the more I am rewarded in unexpected ways for this hard work.

See the video "FOG Overview," at FamilyOfficesGroup.com/Video2

I am motivated to dig as deep as I can into the truth of how this industry operates and invests capital; if I don't know what family offices are looking for, I fail in operating the Family Offices Group association and our Richard Wilson Capital Partners business. If I don't have strong value-first relationships with family offices, I'm out of work. I care very little about collecting $8 book royalties and I care a lot about making this book so valuable that it is a conversation starter between you and me. 

Your friend in the family office space,
 
Richard C. Wilson
Family Offices Group (G.T.C. Institute, LLC) 
Richard Wilson Capital Partners, LLC
FamilyOfficesGroup.com
P.S. Feel free to reach out to me to ask questions about the book's content or what we do at Richard@FamilyOfficesGroup.com and I will get back to you as soon as possible. 

More About the Author

Richard C. Wilson is a bestselling author and global speaker who has met with over 1,000 family offices in 23 countries and has relationships with over 60 billionaire families and their single family offices. Richard is the founder of the 80,000 member family office association called the Family Office Club.

Much of Richard's writing attempts to remove the secrecy, and lack of clear information within the areas of family offices, capital raising, and hedge funds. His mission is to make it easier for every ultra-wealthy family to under the fundamentals of the family office industry and the holistic management benefits of it.

Richard helps families establish and operate their single family offices, and helps them allocate capital as well into investments.

To learn more about Wilson Holding Company, the Family Office Club and related conferences please visit our main websites which include: http://FamilyOffices.com, http://PrivateEquity.com, and http://WilsonConferences.com

Richard Wilson may be reached at Team@WilsonHoldingCompany.com, he is based in Key Biscayne, just outside of Miami, Florida and his team is based in New York, Sao Paulo, and Portland. The office contact number is (212) 729-5067 if you would like to connect over the phone.


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Customer Reviews

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The Family Office book is well written and very insightful.
Rahul K. Dubey
I would like to highly recommend anyone who has any interest in hedge funds and family offices to read this book!
Mark Foxley
Congrats on selling out of the first printing of this book so quickly!
Ryan

Most Helpful Customer Reviews

42 of 47 people found the following review helpful By ForresterFamilyTrustee on August 19, 2012
Format: Hardcover
This book contains nothing new or helpful to anyone working in the family office - and poorly written to boot. Only a rank amateur would buy this. Many many better sources of information out there. It is required reading for the author's "qualified family office professional" class, which is rather self serving. The other rave reviews here are odd, as someone else points out, given that the book has just been released less than a month ago. Save your money.
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51 of 64 people found the following review helpful By Nubester on August 2, 2012
Format: Hardcover
OK, so here we have a number of 5* reviews, which on the face of it appears to be in favour of the book. With that said, a bit of further "Investigation", each of the reviews are from people who havenever reviewed a book on Amazon before, well, all except one, who reviewed a book in Dec 2010, although that was by he same author Richard C Wilson ...

Anyone who knows anything about the Hedge Fund community would pick this up instantly, seeing as due diligence is an intergral part of the process for investing in Hedge Funds. I find it cheap and misleading that anyone, just like me (to prove my point) can write a review on a book, meaning that potential customers can very easily be misled.

I was directed here from yet another Spam email offering me free consultation if I buy 60 books. I've been in the Hedge Fund industry for the vast majority of my life, and I for one know that what is contained in here is nothing more than what is available free, if you already didnt know it!... across the internet.

My view, go ahead an buy, but dont say I didnt tell you so!.

Have I bought the book? No ... Why? ... Go and do a bit of digging and you will soon realise.

Should you buy the book? ... thats your decison!... but a host of 5* reviews makes me think, especially when they are all first timers, apart from one ... who has reviewed another book by the same author who they also gave 5*'s ...

Be interesting to see how long this review stays up for.
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21 of 27 people found the following review helpful By Michael L. Jones on August 12, 2012
Format: Hardcover Verified Purchase
I bought this book with great hope that it would provide detailed insight on how Family Offices work. What I found, after two chapters in, was a lot or repetition and superficial commentary. I don't have time to waste to read excerpts from interviews that provide no substance. I am sending it back for a refund!
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25 of 35 people found the following review helpful By unco on August 2, 2012
Format: Hardcover
The book is apparently only out on kindle for a couple of days and has already lots of 5 stars reviews... far too dodgy to be honest. Like the previous 1 star reviewer, I got spam from the author on a linkedin group.
People who haven't bought the book via amazon shouldn't be able to review it.
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1 of 1 people found the following review helpful By James Beadle on April 30, 2014
Format: Kindle Edition
Book Review: The Family Office Book, by Richard C. Wilson

Beyond the intelligence sector, there is perhaps no business area more secretive, fragmented and well protected than the business of family offices. As Richard C Wilson notes at the beginning of his book, incredibly few long-term financial services professionals are familiar with its existence, even fewer with its inner workings.

How refreshing then to find a book that seeks to shed some light on the family office industry. Such a work is of significant benefit to a broad range of readers: those trying to get into the industry, those with services to market to family offices and even to seasoned family office professionals themselves. Particularly those investigating new strategies or interested to explore institutional evolution.

As a fully private institution tailored specifically to tend the unique interests of its investing family or families, each a family office has its own identity, based on its specific objectives. And considering the high level of secrecy preferred by ultra-wealthy families, direct bilateral information sharing is rather limited. As such, this book provides an incredible overview into the various solutions and set-ups family offices use.

Wilson is a somewhat prolific writer on niche finance topics, particularly with important work to his name in the hedge fund area. Few financial authors could be better positioned to offer an overview of the fast developing family office environment, an in this book as in his others, he doesn’t disappoint.
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1 of 1 people found the following review helpful By Michael Bednarski on July 11, 2014
Format: Hardcover Verified Purchase
This was an excellent read and offered very comprehensive insight on Family Office and the UHNW capital sector. Unlike most financially oriented books that tend to be mundane or too technical, The Family Office Book balanced fundamental anecdotal concepts with financial theories and historical narratives relating to the FO industry. It helps investment and asset managers understand the considerations of a UNHW family and also provides an excellent overview for the ultra-affluent when trying to understand the issues they need to be aware of when considering to form a family office.
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1 of 1 people found the following review helpful By Dan Bradbary - Chairman - Global Deal Market, LLC on August 30, 2014
Format: Kindle Edition Verified Purchase
Richard Wilson is right on target with his analysis of the current state of the family office market and the growth opportunities for those organizations that support the industry. As family offices shift further into the direct investing model, Richard pinpoints the challenges that family offices will meet. This is a "must read".
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