Family Offices Aren't Just For Billionaires, Here's What They Actually Do Pt. 1 with Grace Mathews | EP 79

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- In this episode of Investing for Doctors, Dr Bi sits down with Grace Mathew, Managing Director of WeThink Group, to unpack what family offices actually do differently and why succession planning fails even at the billion dollar level. Grace spent years running investment strategy inside a single family office linked to the family behind Coca Cola, before going independent to advise family offices, funds and ultra high net worth families around the world. We cover what a family office actually is, how it differs from simply having a lot of money, why less than a third of family offices managing over $1 billion have a proper succession plan, and why the biggest wealth transfer in human history is about to land on a generation that was never taught how to manage it. We also break down single versus multi family offices, what it actually costs to set one up or join one, and why family office structure is just as much about protecting wealth as it is about growing it. This is part one of a two part conversation. In part two, Grace and Dr Bi get practical, how doctors can start borrowing these exact strategies no matter their net worth. ----- TIME STAMPS: 00:00 Intro/Hook 1:31 Meet Grace Mathew, Managing Director of WeThink Group 2:00 Grace's origin story into the family office world 3:04 What a family office actually is 5:46 How she became Managing Director of a family office linked to the Coca Cola fortune 8:59 The real numbers, family offices manage over $1 billion yet most still fail to plan 10:36 The biggest wealth transfer in history is coming, and most heirs aren't ready 12:26 Single family offices vs multi-family offices 16:56 What it actually costs to set up or join one 19:23 What family offices actually invest in (hint, it's not ETFs) 20:26 Family office vs. high-net-worth individual, what's really different 23:49 Family office structure isn't just about growing wealth, it's about protecting it 24:38 Why family offices are now looking offshore ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi WeThink Group: https://www.wethink.group/ Grace Mathew: https://au.linkedin.com/in/gracemathew- ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.