“He explained that becoming a minority or passive owner in an asset management firm, a GP, has three distinct benefits… management fee typically around 2% per year… firm typically gets 20% of the profits.”

Tony Robbins Podcast Daily · Tony Robbins Holy Grail of Investing Book: Build Your Wealth NOW!

Play from 37:44
37:44

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What was described

Explains that buying a minority stake in a private-equity/general-partner (GP) firm gives you the firm’s 2% annual management fee and 20% carried interest on assets under management

2% management fee; 20% profit share (carried interest)

Said nearby on the same subject

“Within two years, we were bringing in as many assets under management a month as either of those firms had ever done in a year… we really just went out and told a more clear, concise, powerful story”
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Chris Smith
Financial Advisor Success ·
How they work Share this moment
“We were a fee-based financial planning firm… a comprehensive insurance planning firm… we decided to merge because we wanted to create a more comprehensive holistic solution under one roof”
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Chris Smith’s firm
Financial Advisor Success ·
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“We took this from you. Six billion dollars in assets under management ... to around 146 billion dollars 20 years later.”
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Hamilton Lane
The Compound and Friends ·
Hard number $6 B → $146 B over 20 years Share this moment
“I get a 20% carry on what I raised and I don’t take the 2% management fee, which saves over a million dollars a year.”
DF
Dan Fleischman
Moneywise ·
Business model $56 M raised across 18 companies, 20% carry, 2% fee avoided (~$1 M/yr … Share this moment

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