In the part 3 of our a 5-part series on building Your Optimal Financial World, Vince Annable and Russ Alan Prince continue their conversation about the Virtual Family Office (VFO) and discuss the benefits of VFO's to the average wealthy investor. Remember, compared to the traditional single family office of the past, individual investors or families no longer need a minimum of $150 million to qualify for such a high level of service. Virtual Family Offices (VFO's) are springing up all over the country to help investors of "average wealth" better manage their wealth and essential strategic financial decisions.
Vince Annable is the CEO of Wealth Strategies Advisory Group and Creator and CEO of The Household Endowment Model®, while Russ Alan Prince is a consultant to the Super Rich, family offices, and select fast-tracking entrepreneurs, in addition to being the author or co-author of over 60 books including the latest release, Everyone Wins! On this episode of Your Money Manual with Vince Annable, you'll learn:
- A review of the differences between a VFO and traditional single and multi-family offices (Timestamp 02:44)
- Why more successful and wealthy investors are turning to VFO’s for their wealth management needs (Timestamp 05:53)
- How stress testing works and why it’s useful in determining if an investor may be well suited for a VFO (Timestamp 09:11)
- About the biggest obstacles for successful and wealthy individuals in setting up a VFO (Timestamp 13:42)
- What it means for everyone involved in a VFO to win, and why it’s important that everyone does win (Timestamp 16:26)
Coming up on the 4th installment of this 5-part conversation with Russ Alan Prince, Vince Annable will go into a little more detail on the stress test we talked about and exactly what that entails, and more importantly, what it reveals about your existing wealth management plan.
Russ and co-author John Bowen Jr. have been kind enough to make available a great book entitled Your Optimal Financial World—How Driven Entrepreneurs Can Benefit from High Performing Virtual Family Offices. You don’t need to own a business to benefit from info it contains. The digital flip-book version is available for immediate download at no cost or obligation simply be visiting VFOAG.com. Just complete the short form at the bottom of that page with just your name and email address and you’ll get instant access to that book as well our free quick-read Your Optimal Financial World white paper. On top of that, we’ll also provide you with the financial stress test we talked about at no cost or obligation to help you make sure your wealth management strategy is on the right track toward achieving all that’s important to you. Once again, for the free white paper and Russ’s book, Your Optimal Financial Worldand the free stress test, visit VFOAG.com. [JL1]
Your Money Manual is brought to you by Wealth Strategies Advisory Group and is now available on video! We invite you to subscribe to our Wealth Strategies Advisory Group channel on YouTube so that you’ll be alerted whenever a new episode is posted. You can also listen to our audio podcast on all of the popular services including Spotify, Pandora, i-Heart Radio and Apple Podcasts available on iTunes, where we would appreciate your rating and review.