A book co-authored by a family office manager recently debuted; The Seven Pearls of Financial Wisdom is a book written by Carol Pepper and Camilla Webster. Carol Pepper is an award winning high net worth wealth manager and founder of Pepper International: a family office for families with $100 million and more. It is becoming increasingly common for family offices to write books and articles that add further exposure to our industry and show the valuable services that family offices provide to their clients.
My co-author Carol Pepper is an award winning high net worth wealth manager and founder of Pepper International: a family office for families with $100 million and more. Together we used my background covering wealth, billionaires and Wall Street and Carol’s expertise running Pepper International to share some of the secrets of the very rich with you.
A family office offers the Rolls Royce of wealth management services, integrated advice on investment management, tax planning, estate planning, philanthropy and financial education for children. Billionaires who have family offices include both media mogual Oprah Winfrey and Google founder Sergey Brin.
According to the 2011 Multifamily Office Study, conducted by the Family Wealth Alliance, the top seventy-two multi-family offices manage a staggering $320 billion in the United States; the average amount of assets for each client is $48.4 million.
One of the goals in writing the book was to clear away the nonsense and the fear around investing for readers. This is not a mysterious science and there are long trusted principles that can support your mission to build your own wealth, which the very rich benefit from all the time from revocable living trusts to financial planning. The Family Wealth Alliance 2010 Multifamily Office Study showed that 97 percent of families offices offer financial planning services and that 77 percent of their clients take advantage of them. Yet in a small poll published in 2010 conducted by the Certified Financial Planner Board of Standards Inc. only 28% of Americans surveyed said that they used a financial planner. Source
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