“The cost to run a single family office, they did a study for a billion-dollar family office. It's about $3.5 billion, $4 million a year.”
♫
Said on True Wealth: money & business podcast
“It's about $500 million if you're going to have a deal team and if you're going to invest in the private markets, which is private equity, venture capital, real estate.”
True Wealth: money & business podcast · Why the rich are turning away from Wall Street - family office playbook with Ron Diamond
Play from 6:38
6:38
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What was described
suggest that about $500 million is needed to make a single family office economically viable for private-market investing
$500 million
Said nearby on the same subject
“We need more housing in Minnesota. We're 100,000 units short from apartments to single-family homes. Working with the private sector, I pledge to get those 100,000 units.”
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Amy Klobuchar
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“One of the things that teaches you something, you take, okay, our car payment is 500 bucks. Okay. Well, 500 bucks invested from age 25 to age 65 is $6 million.”
DR
Dave Ramsey
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“I would ask it. I'm a dentist. I want to get to know my office manager more and understand the needs of my office and my practice. What are three questions I can ask every single week?”
♫
Said on The Best Practices Show with Kirk Behrendt
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