“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
“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”
“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”