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Richard C. Wilson is a third-generation Eagle Scout, loves investing in fun adventures and health, and is a husband, and father of 3 living in Scottsdale, Arizona. Richard owns Billionaires.com where he is interviewing 100 billionaires, and he is the CEO & Founder of the Family Office Club, with 4,000 registered ultra-wealthy families and 15 live events a year.
His short-term rental property fund – InvestorResidences.com has equity in 83 properties, and his division focused on investing in profitable medical practices Medical Clinic Capital (MCC) has equity in 23 practices with $45M a year in revenue. Richard has helped create and formalize well over 200 family offices for ultra-wealthy families, including billionaires and a shark from Shark Tank.
Richard believes that life is about building wealth, but not just financial gains: strong values benefit our families and businesses. Through his guidance, clients find balance in their lives – something he himself strives for daily as part of a commitment to health regardless of net worth. In this way, true “wealth” encompasses much more than money alone.
Richard uncovers the true potential of family office clubs, revealing advantages for members in terms of community building, familial bonds and overall health. The ultra wealthy gather together to collaborate on success-oriented initiatives – an effective strategy that can dramatically increase the chances of achieving their goals.
Take the next step in your journey to financial success and learn more about family offices! Investing in yourself is always a smart move – discover how you could get involved with this unique opportunity.
In This Episode
- Richard’s background and how he got into Family Office space.
- Richard’s value system and elevated moral code.
- What is a family office, who is it for and what is the value of it?
- 3 Top attributes of the Ultra High Net Worth.
- Richard’s singular piece of advice on how to escalate your wealth.
Welcome to today’s episode of Wealth Strategy Secrets. We’ve got another fantastic show lined up for you. Joining us today is Richard Wilson, a third-generation Eagle Scout who enjoys investing in fun adventures and health. He’s a husband and father of three, residing in Scottsdale, Arizona.
Richard is the owner of Billionaires.com, where he’s interviewing 100 billionaires. He is also the CEO and founder of the Family Office Club, which has 4,000 registered ultra-wealthy families and hosts 15 live events each year. His short-term rental property fund, InvestorResidences.com, has equity in 83 properties. Additionally, he focuses on investing in profitable medical practices, holding equity in 23 practices that generate over $45 million in revenue annually.
Richard has played a pivotal role in creating and formalizing over 200 family offices for ultra-wealthy families, including billionaires and a shark from Shark Tank. Over the past 16 years, since starting his investor club, Richard has hosted 190 live events, spoken at over 600 events, been interviewed over 300 times, recorded more than 3,000 videos, and authored 13 books. He holds an undergraduate degree in business, an MBA, and has studied post-master’s psychology at Harvard.
Richard, my friend, welcome to the show!
Thanks for having me, Dave! It’s great to see you again.
It’s always a pleasure, Richard. Reading through your bio, it’s clear you have a treasure trove of knowledge to share with our listeners. They’re going to enjoy today’s show. Why don’t we kick things off by having you tell us a bit more about your background? How did you get into the family office space and start building wealth in alternative ways?
Sure! I grew up around my dad, who raised capital from investors for hospitals and nonprofits, raising over $1 billion for them. I would attend meetings where he’d ask donors to endow a hospital wing or a university professorship.
After college, I started raising capital myself and found it quite challenging to secure investments from high-net-worth individuals or typical wealth advisors because their clients weren’t accredited investors. Many advisors would say, “No, we can’t invest in your hedge fund product.” I realized that the fastest way to raise capital would be to focus on wealth advisors who exclusively serve the ultra-wealthy—those who are all accredited—and these advisors are known as multifamily offices. When I learned that term, I decided to focus solely on them, avoiding other types of wealth advisors.
However, I discovered there were no resources or guides available in this industry. I couldn’t even find a single book about it. So, I started a blog to document what I was learning. The blog gained traction, receiving 1,000, 3,000, even 5,000 hits a day. We later acquired FamilyOffices.com, I landed a book deal with Wiley, and I’ve spoken several hundred times in 20 or 30 countries as the concept grew. Over the last 16 years, all of this has evolved into what is now the Family Office Club.
That’s fantastic! It’s been great getting to know you over the past couple of years through the club. I even had the chance to meet your wife recently, which was awesome. Can you share a bit about your value system and how you view the family office model about those values? I know we share a similar ethos there.
Absolutely!
While it’s common for companies to have defined values—something that often feels like common sense—it’s not as typical for families to articulate their values. I believe every family should have their values clearly defined and displayed, perhaps above the kitchen table. This way, when it comes time to make critical decisions—like whether to move to Hawaii or Florida—you can refer back to those values to guide you.
This doesn’t cost anything, yet it’s essential, especially if you’re raising children. You might lose your wealth, but if you maintain strong family values, you can rebuild and protect that wealth without sacrificing your relationships. My 10-year-old knows our family values by heart and can recite them. She has even presented them on stage at several investment conferences I’ve attended with her.
I think it’s crucial to highlight that the value of health often gets overlooked by many of my ultra-wealthy clients. They might spend $100,000 a year on plane tickets or $200,000 annually on a wealth advisor. I’ve been in rooms filled with doctors who can navigate the healthcare system, yet when I asked how many spent over $30,000 last year on improving or maintaining their health, only one hand went up out of 138 people—all of whom work in the healthcare industry.
This tells us that, paradoxically, many people prioritize their financial investments over their health. Your body is essential for continued financial success, and you’d generally prefer to be alive than slightly wealthier. However, many individuals have this perspective backward; they invest in numerous things but neglect their health.
I always try to correct my clients’ focus on this issue as much as possible. It’s fascinating to me. I didn’t realize until recently that you also have some training in psychology. Through my journey in wealth building, I’ve come to realize how holistic the concept of wealth truly is.
What does wealth mean to you? I prefer the term “wealth” over “rich.” Anyone can make a lot of money or buy an expensive car, but true wealth encompasses much more. It means different things to different people, and taking a holistic approach to understanding that is critical.
As you mentioned, consider how much Steve Jobs would have paid to resolve his health challenges and still be with us today. LeBron James reportedly spends over a million dollars a year on his health. This highlights the value of health—not only in terms of personal well-being but also how it can drive you toward your goals and vision.
I know you’re athletic, and I love how your bio highlights the adventurous things you do with your family. How has this focus on health contributed to your holistic vision of wealth?
I move quickly through life, and I feel that without good health, I wouldn’t have the energy to keep up with all the exciting things happening around me. With so much going on in our business, I often find myself flying first class—not just because I can, but because I need to get a hundred things done during each flight. I can’t be cramped in a regular seat or have someone beside me making it difficult to work.
When I fly first class, I notice that I’m usually the only one working. Everyone else is either napping or watching shows on Hulu, which is great—sleep is vital for health. But if you want to excel, you need high energy and the ability to focus.
Another observation I’ve made is that many clients realize how imbalanced their lives are, but they’re unsure how to correct it or what steps to take. I experiment with various health practices. For instance, I paid out of pocket for a full-body MRI that took an hour to identify over 300 potential health issues. I investigate the 1 or 2 or 3 findings because early detection of something like cancer can save your life.
I only recommend things to my clients that I’ve personally invested in and found valuable, such as getting biomarkers tested to identify potential issues like cortisol levels or deficiencies in various B vitamins. Many clients have expressed that this health guidance is even more important to them than my help with investments. They’ve been looking for this kind of support. While I’m initially doing it for myself, we plan to integrate health management into our offerings for clients.
We’re focusing on setting up family offices and direct investment strategies. Within our company, we aim to grow two main investment platforms: profitable medical practices and short-term rental properties. I see health management becoming a core component of our services. If you’re worth $100,000, spending $20,000 a year on health may not make sense, but if you’re worth $20 million or $100 million, you should invest at least $20,000 a year in your health—if not more.
It’s surprising how interested people are in this topic. Whenever I mention it to ultra-wealthy individuals, they lean in and ask, “How can I get involved?” I clarify that I’m not raising capital for it; it’s just something I’m doing for myself. But over time, I want to share these insights with others.
That’s great to hear! I find it amazing, too. I have my biomarkers checked regularly through a functional doctor, and the research around health and human performance—both mental and physical—is astonishing. Following thought leaders like Peter Diamandis in the realm of longevity and vitality has been eye-opening.
Some of my recent protocols include pulsed electromagnetic frequency therapy, grounding, oxygen training, and red light therapy. The results have been astounding! Who would have thought ten years ago that we’d have access to all this technology?
I completely agree that having a strong focus on health is crucial. Health truly serves as the foundation for everything else in your life, regardless of your net worth. If anyone is interested, I recommend checking out InsideTracker. They send a nurse to your home to measure 30 to 50 different biomarkers from your blood.
I found that to be helpful. Dave Asprey has a program called Fast This Way, which is a combination of video and book training on intermittent fasting. It’s very practical, and if you follow his hacks, it makes intermittent fasting much easier to implement. Another great resource is the book Why We Sleep—it’s an amazing read! Of all the books I’ve come across about sleep, that one stands out as the best. I highly recommend checking it out on Audible if you haven’t already.
There’s also a new program called Wild Health that I recently heard about. They assess around 60 biomarkers and analyze all your data using AI and big data. They check various samples and metrics on a regular basis, then combine this information to help you understand how changes, like fluctuations in your A1C levels, could be affected by upstream factors or how they might impact something downstream. It’s quite impressive, and I encourage everyone to explore these new opportunities in health.
Absolutely! We’ve also found ways to combine health with enjoyable activities. Recently, we took one of our investors on a trip to the Grand Canyon for a couple of days. We’re planning to go to Everest Base Camp in April with another investor, and we have a trip to Belize later this year to meet with yet another investor. Whether it’s backpacking or going on a tour, combining fun adventure trips with investor relations can strengthen those connections and help you get to know someone better.
I’d love to talk about health all day, but let’s pivot to the family office space for a bit, Richard. Many people still don’t fully understand what a family office is, and I know you’ve encountered this as well. Could you provide some context? What exactly is a family office, who is it for, and what value does it offer?
Sure! A family office is essentially a balance sheet management solution for wealthy families. If you’re worth $100,000 and make a mistake, like filing your taxes incorrectly or missing a quarterly payment, you might face a penalty of $100 to $500. However, if you’re worth $10 million, that same mistake could cost you $100,000 or even more.
If you’re worth $100 million, a single mistake could cost you $1 million or even several hundred thousand dollars. The point is that not only are mistakes more expensive, but they also happen more frequently at that level. I have over 25 different LLCs, and some of my clients have 150 or more. Missing a filing, not submitting a K-1 on time, or selling a transaction too early or too late can lead to costly errors.
At this level, you need a full-time team to manage your capital effectively. This includes ensuring that your capital is coming back to you as it should, understanding the collateral behind each deal, handling investment administration, tax preparation, proactive tax planning, and designing unique strategies.
Once you go beyond having just a wealth advisor and one or two rental properties, things become increasingly complex. You might start investing in operating businesses or as a passive limited partner in a general partner fund or direct real estate transactions. At this point, having a virtual family office or family office solution becomes essential, as the likelihood of making mistakes increases. Each mistake can cost you as much as hiring a full-time employee to manage those details, handle regulatory paperwork, and streamline your processes.
Now, let’s discuss portfolio allocation. Everyone looks to the habits of the ultra-wealthy, like the Rockefellers. Are there trends or traits you observe among your ultra-wealthy clients?
Most importantly, any solution you implement should align with your goals, objectives, and values rather than follow a generic template. That said, it’s useful to consider the three main compartments where they allocate their capital rather than focusing on exact percentages.
The first compartment is public market investments, where the strategy is primarily defensive—preserving capital. Here, clients typically diversify extensively. While they may express preferences for stocks like Costco, Tesla, and Amazon, the advisor handles broader diversification without much client involvement.
The second area is real estate. Most families generate over 80% of their cash flow from real estate, which may include some development projects with a slightly higher risk profile. In this space, clients often work with one to three wealth advisors, but they might prefer to engage with multiple experts in various real estate sectors.
In real estate, clients choose specific geographies and types of real estate investments, such as self-storage, industrial, multifamily, or short-term rentals. While they may not inspect properties directly, they engage at the strategy level, indicating preferences for markets like Florida, Arizona, and Texas, and sectors such as storage or multifamily.
The only time clients typically engage at the ground level is when they lack knowledge about a particular investment and seek guidance.
I made my money in manufacturing or high-tech—whatever it is. In one area, especially if it’s right in my backyard, I want to build internal muscle. So, I might consider buying a fourplex or a tenplex, or perhaps a small storage facility, just to see if it’s a huge pain or if I enjoy it. Sometimes families do this, though not super often.
Even if they do explore this route, they often invest passively in other real estate groups, which typically constitute a significant portion of their wealth. The second compartment is primarily real estate, which is mostly cash-flowing. The third compartment consists of their direct investments. Unless they made their money in real estate, they’ve likely spent 20,000 to 30,000 hours in fields like manufacturing, tech, or stem cells, giving them an advantage in those areas.
They understand how to gain distribution, have established credibility, and maintain relationships with banks, including access to lines of credit. This enables them to open doors and secure meetings almost instantly. They can navigate their industries quickly and have high conviction in due diligence and valuation. They know how to recognize talent in their niche, play offense by hiring great CEOs, and play defense to shore things up if challenges arise.
A common mistake families make is diversifying too broadly by investing in operating businesses across various sectors. If diversification is your goal, consult your wealth advisor. For further diversification, consider real estate and explore different sectors and expertise. However, with direct investments, you typically want to focus on profitable operating businesses that are already making significant money with great teams. If you can find those, consider investing directly in them, and preferably within the space where you’ve made your wealth.
For example, if you made your money as a dentist, you might invest in dental practices. This way, you can contribute both offensively and defensively as a board member or majority owner. That’s the guidance we provide families, which is a long answer to your question, but it illustrates that different experts should manage your wealth compared to your real estate allocations and direct investment strategies. Usually, the same person is not skilled in all these areas, which is why the family office space is so fragmented. I continue to learn more every month in this field, even after 16 years, because it is so fragmented and needs to be tailored to each family’s unique position.
That makes perfect sense. If you could describe the top three attributes of ultra-high-net-worth clients, what would they be?
First, work ethic. I would say that 49 out of 50 ultra-wealthy clients I work with have a strong work ethic. They are usually passionate, high-energy, engaged, and often fast-moving. Many of them are also skilled salespeople, all in one.
The second attribute is strategic thinking. You don’t become ultra-wealthy without being adept at corporate strategy, either through the business you grew or through creatively navigating deals. Along the journey to becoming worth $30 million, $50 million, or $100 million plus, these individuals typically get good at structuring deals. If they’ve had their family office in place for a long time, they often develop this skill set further. The exception would be someone who simply grew one business organically and then sold it; they might have a lower level of sophistication in this regard.
The third attribute is collaboration. Many ultra-wealthy individuals have, at some point, taken on private equity capital, engaged in joint ventures, or collaborated with distribution partners. Some have become import/export specialists, reaching a net worth of over $100 million by partnering with others who can bring consistent clients, deal flow, or goods to the table.
That’s a significant part of the success of many of our families.
Makes perfect sense. Now, what would you say regarding wealth strategy? We talk a lot about creating a holistic wealth strategy here. Do you have a particular strategy that you’re practicing in your own family office for the Wilson family?
Yes. One key insight is that the wealthiest families tend to focus on one to two, maybe at most three niches. Whether they’re worth $1 billion or just $30 million, $50 million, or $100 million, the families that successfully defend their wealth utilize those three compartments I mentioned earlier.
In the direct investment compartment, they concentrate on one to two areas and strive to excel in those spaces. We’ve been trying to emulate that ourselves, not just offering it as advice to our clients but also applying it to our balance sheet. One area of focus for us is real estate, and we operate a platform called investorresidences.com, which focuses on short-term rental properties. Currently, we have equity in 84 assets within our fund at investorresidences.com, and I have over $1 million of my cash invested in those properties.
At the moment, I am one of the two largest investors in the fund. We also have a focus on profitable multi-location medical practices. We find that individuals who attend medical school for a decade, complete a residency, and then start a practice are very dedicated to their craft. They are unlikely to abscond with investor money to Venezuela or engage in fraudulent activities. This gives us a sense of security in our investments.
Private equity groups tend to buy profitable medical practices with eight, ten, or twelve locations for 9 to 12 times EBITDA. This setup reassures us, as we’re typically dealing with committed, steady individuals while still having high upside potential. We refer to this area of focus as Medical Clinic Capital, and we currently have equity in 24 practices generating about $45 million a year in revenue.
To answer your question in a way that would be most helpful to others, beyond the simple answer of focus, it’s crucial to be recognized in your niche as someone whose expertise and strategic value make others want to show you their investment deal flow first, exclusively, or at a better valuation. This can lead to rapid wealth compounding.
We have over 2 million followers on social media, with 400,000 of those in the doctor and dentist space, making us one of the top 10 largest social media platforms in that niche. Because of this reach, we see a lot of medical practice deal flow. When you have that visibility, you can sometimes secure deals first or negotiate exclusivity, allowing us to keep the deal to ourselves.
Additionally, we often add value to transactions, which can enable us to secure valuations that others might not achieve. For instance, if we bring in one of my clients who sold 40 medical practices to a private equity group, or my billionaire client who owns 37 practices, that can significantly change the trajectory of the company involved. It’s not just about the money; it’s about the strategic insights and experience that we bring to the table.
If you have four locations and a seasoned operator brings the same financial backing, they’ll likely secure better terms because they can help expedite growth or scale up much faster—like going from 10 to 40 locations.
So, if investors are listening, and you take away just one thing from this conversation—beyond the importance of ultra-wealthy, ultra-healthy principles—it should be to aim to see deals first, exclusively, and at better valuations. This approach will compound your wealth quickly.
Absolutely. It’s a significant multiplier.
For sure! It’s very interesting. Richard, I bet investors are also feeling the weight of these considerations, right? This is early March at the time of this recording, and there’s so much happening in the world geopolitically—an energy crisis, potential recession on the horizon, and so on. You can frame it in various ways, right?
A lot of this may stem from Wall Street, where everything is driven by quarterly numbers. There’s a lot of movement in the market, and frankly, this is how many people lose money in investing due to the emotional factors involved—particularly when they fail to time the market correctly.
What are you observing regarding your client base and ultra-high-net-worth individuals? How are they protecting themselves amidst all this variability and uncertainty in the market?
Great question! Many of our clients are currently using less debt. Some clients are facing challenges because they lack interest rate insurance or have invested in deals involving bridge loans and floating rates, which have caused some pain. However, this situation has also created opportunities for clients to take over assets by bridging the necessary capital or gaining more equity than they otherwise would, especially since other investors might be wiped out.
Additionally, they’re seeking strategies that remain effective regardless of the market cycle. There’s significant value appreciation occurring, making it worthwhile to pursue good deals, even when others might be feeling scared.
In our short-term rental platform, we’re acquiring properties with all cash, sometimes utilizing seller financing, at about a 22% discount off the list price. Then, we double their sleeping capacity to increase revenue. Essentially, we’re buying low with cash and aiming to sell high by maximizing capacity.
In the medical practice sector, we’re capitalizing on undercapitalized medical practices, aiming to stack up 10 to 12 clinics before seeking private equity. For instance, we backed a group last year that specializes in finding neglected motels—real eyesores—and transforming them into studio multifamily apartments.
Their focus is solely on that niche, leveraging the arbitrage from an undesirable asset to a highly sought-after one, which is workforce housing. These are just three examples of how we’re moving forward, regardless of the current market cycle.
I’ve also been reading a lot of books by billionaires, and I wanted to share the cover of one book so your audience might look it up. It’s called The Most Important Thing by Howard Marks. He’s the billionaire founder of Oaktree Capital, a multibillion-dollar hedge fund with substantial assets under management.
The book is excellent; he discusses how, when others see risk—as we currently do in the market—capital flows slow down and investors tend to sit on their hands. He points out that when others perceive risk and stop taking action, there’s less risk in the market. Because others are hesitant, you can buy assets at a discount.
Now is the time to be putting money to work. You should have been cautious when everyone was celebrating low interest rates over the past year and a half to two years—about 12 to 14 months ago—that’s when you should have been worried when everyone else was excited. You shouldn’t feel afraid when others are fearful. Howard Marks emphasizes that as the situation becomes increasingly dire and people think you’re foolish for investing while the market is declining, that’s often when he finds the best deals.
Of course, this approach isn’t easy; it requires courage. Those two insights are intertwined. It’s not about investing in just any random deal when the market is shaky and everyone is afraid. You want to seek out the best opportunities—those deals that you can access first and exclusively, at better valuations. But you also need to take action when others aren’t, which will lead to better valuations.
That’s a great insight. It’s so counterintuitive, right? It takes a lot of courage to go against the grain. What I find fascinating about this space, particularly in private equity and alternative wealth, is that many people feel like they’re swimming against the current. This is often because of what they’ve learned from their peers, employers, or parents.
I think that courage is a significant step, and I appreciate that insight. It’s interesting when people say, “Oh, when there’s blood on the streets, you should invest.” It’s one of those statements you’ve heard countless times. It’s akin to saying that your company should have core values—you tend to tune it out immediately. But the real challenge lies in acting on that advice.
It’s easy to acknowledge, “Yeah, I’ve heard that.” Everyone knows they should eat clean protein and vegetables and exercise for an hour a day, yet very few do it. The hardest part is following through.
That’s how I’ve found that having a strategy in place helps guide you during the peaks and troughs of different market cycles, especially when uncertainty arises. At a calm moment, you can establish your boundaries and create your buy box for the assets you’re looking for. Then, you can stay within those parameters, making the process a little easier.
Absolutely. Ideally, as an investor—or with the people you trust your capital with—there’s a systematic approach where value is added to an asset, making it worth more. If something becomes more expensive, you might consider using more all-cash deals or seller financing, or perhaps adjusting your debt levels, maybe opting for 60% debt instead of 75% or 50% loan-to-value (LTV). A well-oiled machine should be able to operate effectively most of the time, though there will be instances when you might need to wait for an exceptional deal. Building this capability within your direct investment strategy, as well as seeking out real estate allocations with teams that can add value to assets and platforms over time, is crucial.
A hundred percent. Richard, you’ve accomplished so much in such a short time. If you could share one key learning about personal productivity with our listeners, what would it be? What’s the single biggest protocol or process that has contributed to your results?
Sure. It may not seem fast from my perspective. I recall a famous saying—maybe by Michelangelo—that if people knew how hard I worked, it wouldn’t seem impressive at all. I’ve been in this business for 16 years. While I may still look relatively young in the family office world, I started my business in my mid-twenties. It doesn’t feel overnight to me. When I began, I wrote down affirmations, aiming for $1 million a year in revenue, and by our third year, we achieved that goal.
However, the most significant factor for me has been creating a one-page cheat sheet for my life. On it, I list my monthly, quarterly, and annual goals. Whenever I read a great book, like Howard Marks’ The Most Important Thing, or learn something new from our recent project, interviewing 100 billionaires at Billionaires.com, I add those insights to the bottom of that one-pager.
I have about 40 short statements that I read every morning. This morning was no different; I reviewed my goals and those 40 half-line reminders—things that come from books, mentors, or personal insights. By doing this each morning, I set the tone for my day, keeping my top clients, goals, and the platforms we’re building at the forefront of my mind. This practice helps me stay focused and less swayed by distractions that come up, allowing me to quickly remove individuals from my circle who don’t contribute positive energy or align with my vision. There’s simply no time for negativity when you have a clear direction of where you’re headed.
That makes perfect sense. I completely agree. It’s interesting how focusing on your goals aligns with Dan Sullivan’s quote: “The ears hear and the eyes see what the brain is thinking.” So, it’s true.
Yep. I couldn’t agree more.
The more you keep those things top of mind, the more they become ingrained in your subconscious, prompting you to look for those opportunities throughout your day. It’s like your reticular activating system or something like that. I forget the technical term, but essentially, you’re telling yourself, “Hey, Brian, look out for these opportunities and don’t tolerate these distractions.” It becomes your operating system for each day.
Absolutely. So, Richard, if you could offer just one singular piece of advice to the audience on how they could accelerate their wealth trajectory, what would it be?
The most important piece of advice is to secure access to deals first, exclusively, and at better valuations. Position yourself in the industry so that people think of you when they come across opportunities, like a medical clinic deal or a short-term rental. That would be the most powerful approach.
The second piece of advice is that the more integrated your life is, the faster things will progress, and the quicker people will want to help you. Those who align with you will be more eager to collaborate. For example, if I know it’s important to be ultra-healthy, I align various aspects of my life to support that goal—surrounding myself with the right people, living in a supportive location, and being mindful of everything from the food I eat to the books I read and the media I consume. When everything integrates well, you’re continuously growing, learning, and enjoying life. Conversely, if there’s friction, it feels like you’re dragging anchors behind you, making it hard for others to see your direction or potential.
So, the more integration and integrity you cultivate across your life, the faster things will progress—including your investments. If you have specific goals and objectives for your family office that have never been written down, and if your family and advisors don’t even know what they are, then when a deal comes along, how can you evaluate it? If you don’t understand your family’s values or your own goals, you might end up making the wrong decision. It might be best not to pursue any deals until you sort that out.
Great insight. So, Richard, if people want to learn more about family offices and what you’re doing at Family Office Residences, what’s the best way for them to reach out and connect with you?
Sure! Our community hosts 15 live events a year, and I’d be happy to have you check out one of those on us, Dave, so you can experience it in person soon. It’s called the Family Office Club. If you’re raising capital, have a fund, or are syndicating deals, you can visit familyoffices.com to see our upcoming live events. We also hold a big investor summit quarterly and typically have a dozen workshops a year.
We offer a free book on family offices at familyoffices.com and another one at capitalraising.com if you’re looking to raise capital from the ultra-wealthy. If you’re an investor and want to connect, you can visit investorresidences.com or medicalcliniccapital.com. The fastest way to reach us is through investorclub.com, where there’s a short 30-second form to fill out. Then, either Laura Clay or I will follow up with you via email or phone to explore how we can work together.
Those are the most straightforward ways to connect. Hopefully, I’ll meet some of your listeners in person at one of our events, or feel free to come up and say hi if you see me speaking at an event. We can connect that way as well.
For sure! I appreciate your time today, Richard. I’m grateful for the opportunity to hear your wisdom and insights. There are so many great nuggets here, and I know people are going to enjoy this episode. I hope it fosters a relationship of learning since we’re all on this journey together. Thank you again for your time; I appreciate it.
Thank you, Dave. I appreciate being here.