familyoffice

The most important question when it comes to investing is the why? You cannot give good financial advice or make good investing decisions on your own without understanding what success looks like to you.   

Most financial advisors miss the most important question to ask their clients because they have too many clients to spend the necessary amount of time getting to know. They then invest them into one of their model portfolios that may or may not be what they need to achieve financial success.

Money is a powerful tool that can be invested to achieve priorities and create multi-generational wealth. The impact on families can live on for generations when wealth is properly stewarded. Answering the why of any investor makes for a better investing experience. Even if generational wealth is not the desired outcome.

EPISODE HIGHLIGHTS:

• (1:05) Market news: WeWork finally going public at a $9 billion valuation. Earnings season is in full swing and Netflix has created internal drama with the newest special by Dave Chappelle. Squid Game is also drawing huge amounts of interest in its first season. 
• (3:05) Bitcoin ETF (ticker: BITO) launched and doesn hold Bitcoin directly but rather holds futures contracts in the fund.
• (4:15) Why should you even invest in the first place?
• (5:15) Money is a tool to help you accomplish your priorities.
• (5:35) Anyone giving you advice how to invest without knowing what you're investing for is giving poor advice. 
• (6:20) Your why is incredibly important. Make your wealth work for you. 
• (7:17) Investing is not speculation. Speculation is gambling and should not be confused with investing.
• (8:00) Invest to at least keep up or beat inflation and this maintains or increases your purchasing power.
• (9:25) Two different people have their own unique wants and needs and should not have the same portfolio. This is why customized investing according to priorities and not age should be how a portfolio is constructed.
• (11:30) A longer time horizon allows for investing in assets that have even higher expected returns. This can lead to even greater impact over a lifetime.   
• (12:23) “Thinking of money as a tool in this framework should provide more comfort, understanding, appreciation, focus.” -Justin
• (13:25) Knowing your why and the impact you want to make with your money (the tool) then guides how the portfolio is built.
• (16:20) What does investing for impact mean to you?
• (17:10) There is a huge opportunity for change and impact that could be made if investors focused on achieving priorities versus chasing short term returns and fads. 
• (18:45) It is unfortunate the industry is still tied to a risk tolerance survey and many people aren’t given the opportunity to invest according to their priorities.
• (19:00) The family office model allows for true customization and the greatest chance to achieve success with your money. 

In this week's episode of 'Paisa Vaisa', host Anupam Gupta is in conversation with Rajmohan Krishnan, Principal Founder & Managing Director, Entrust Family Office. Entrust is among the earliest SEBI registered investment advisors, it's been formed by veterans from the banking industry. Anupam and Rajmohan talk about what is a Family Office and the journey of Entrust since 2013. They further discuss the scope and expertise of this service, how were things done in the past, and what demands of clients brought more of a formal shape to this industry. In the second half, they talk about how Entrust can help a successful startup founder to manage their wealth, what kind of diversification in terms of financial products recommended by the Family Office and a checklist on what should be the 3 or 5 questions that customers should definitely ask their family office before signing them up. All this and much more on this episode of #PaisaVaisa with Anupam Gupta.

You can know more about Entrust Family Office: (https://www.entrustfamilyoffice.com/)
LinkedIn- (https://www.linkedin.com/company/entrust-family-office-investment-advisors-pvt-ltd/)
Facebook- (https://www.facebook.com/EntrustFamilyOffice/)
Twitter- (https://twitter.com/EntrustAdvisors)

You can follow Rajmohan on social media:
LinkedIn- (https://www.linkedin.com/in/rajmohankrishnan/)
Facebook- (https://www.facebook.com/people/Rajmohan-Krishnan/100015257942887)
Twitter- (https://twitter.com/rajmohanentrust)

Get in touch with our host Anupam Gupta on Twitter: @b_50 (https://twitter.com/b50)

You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.

You can check out our website at http://www.ivmpodcasts.com/

See omnystudio.com/listener for privacy information.

Florida Hemp Council & Succeeding in Family Office

What's on the horizon for hemp in Florida

Jeff Greene of the Florida Hemp Council chats with Jim about where hemp has been and where it's going in Florida. Jeff shares the importance of research & regulation in the hemp industry, how affordability is changing with steady demand for hemp products, the benefits of hemp, and MUCH more. He also invites listeners to join the Florida Hemp Council here.

Jeff Greene, registered Lobbyist, political and business consultant in the cannabis industry and alternative fuels industry, is the Director of New Business for the Florida Hemp Council. He has extensive experience in Alternate Fuels/Consultation, Grant Authorship, Municipal Feasibility Studies, Small Business Support, Sales, Marketing, CNG, Vendor Identification/Interface, Government Contracts, Product Delivery, Facility Design and Construction, Revenue Enhancement, Residential/Commercial Mortgage Loans, Staff Management.

Who needs a family office?

Tom Handler brings his wealth of knowledge back to the show to share with Jim one of the common traits amongst successful family office clients. They begin their discussion with talk of athletes & wealth management and continue discussing asset protection and setting up a family office.

Thomas Handler is an advanced planning attorney focused on structuring estate plans, businesses and family offices, and handling taxation & risk management issues for business owners, executives, professional athletes and celebrities. He has extensive experience in the analysis, design and implementation of domestic and international business planning, financial & estate planning, asset protection, family office compliance and advanced tax planning strategies. His experience includes estate contests, tax controversy, tax litigation, public accounting and corporate and foundation directorships.

He has authored numerous professional articles and lectured extensively both nationally and internationally at wealth industry, professional and family office educational conferences.

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Finally, Jim gives a brief update on the show's platform.

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Jim Fried has been a real estate business person since 1980 and has had his own radio show since 2009.

Mr. Fried specializes in capitalizing commercial real estate transactions, unearthing urban land opportunities and is also a private lender.

He has been active in the real estate industry for many years as a financial intermediary, broker and investor. He has experience with many property types including, but not limited to: apartments, condominiums, retail centers, office buildings, industrial parks and health care – with a special focus on memory care.

Jim has closed over $3BB in real estate transactions during his career in markets across the eastern US.

Jim uses his communication skills to inform and entertain on his weekly podcast show – Fried on Business. Of course, the show discusses real estate, but he also tackles issues such as branding, sports business, philanthropy, entrepreneurship, public private partnerships as well as health and wellness.

He is also a mentor to many up and coming people in the real estate industry through his membership on the Board of The University of Florida’s Bergstrom Center for Real Estate Studies.

Mr. Fried is a winner of the Miami-Dade Public School Alumni Achievement Award.

Contact Jim via email at jim@friedonbusiness.com

Taking the Stigma Off The Table: Investing in Cannabis

Family office & cannabis investing? In our next segment, we chat about the outlook for 2020 and market trends with Ross O’Brien. Ross also shares fascinating insights from his new book, Cannabis Capital: How to Get Your Business Funded in the Cannabis Economy.

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Jim Fried has been a real estate business person since 1980 and has had his own radio show since 2009.

Mr. Fried specializes in capitalizing commercial real estate transactions, unearthing urban land opportunities and is also a private lender.

He has been active in the real estate industry for many years as a financial intermediary, broker and investor. He has experience with many property types including, but not limited to: apartments, condominiums, retail centers, office buildings, industrial parks and health care – with a special focus on memory care.

Jim has closed over $3BB in real estate transactions during his career in markets across the eastern US.

Jim uses his communication skills to inform and entertain on his weekly podcast show – Fried on Business. Of course, the show discusses real estate, but he also tackles issues such as branding, sports business, philanthropy, entrepreneurship, public private partnerships as well as health and wellness.

He is also a mentor to many up and coming people in the real estate industry through his membership on the Board of The University of Florida’s Bergstrom Center for Real Estate Studies.

Mr. Fried is a winner of the Miami-Dade Public School Alumni Achievement Award.

Contact Jim via email at jim@friedonbusiness.com

Atul Nishar is the Founder & Chairman of Hexaware Technologies Limited, a company that the set up in India in 1990. He is the driving force of Hexaware’s strategic direction and marketing focus. Under his leadership, Hexaware Technologies has grown into a multimillion dollar, global software and BPO services corporation, listed on Indian and London Stock exchanges

You can listen to this show and other awesome shows on the IVM Podcast App on Android: https://goo.gl/tGYdU1 or iOS: https://goo.gl/sZSTU5

You can check out our website at http://www.ivmpodcasts.com

See omnystudio.com/listener for privacy information.

The Inheritors by Bloomberg|Quint, is an existing property comprising of conversation between three Patriarchs/Inheritors/Family Business Owners and the Moderator. The series aims to showcase the massive contributions made by family businesses to the country’s economy. The Inaugural session at Bengaluru in July was an exclusive invite-only event attended by 40 family business owners , Founders, CEOs, Promoters, HNIs. Umesh Khaitan (Khaitan and Khaitan, Solicitors and Advocates), Muthu Murugappan (Parry Nutraceuticals), and Lavanya Nalli (Nalli Group of Companies) featured as the panelists at the event. The panelists were in conversation with Sonu Bhasin, the author of The Inheritors -Stories of Entrepreneurship and Success (Penguin Random House).

Delighted with the response we achieved on this initiative, we plan to extend this property to other formats, Podcast being the first. The podcast will involve a discussion between Sonu Bhasin and the patriarch/ inheritor/ or both and touch upon topics around Family Business.

See omnystudio.com/listener for privacy information.