CFD 245 - “You Gotta Risk It to Get the Biscuit!” says Richard Wilson.
Who is Richard Wilson? He started out as a risk management expert who was bored. He suffered from the “golden handcuff” syndrome. Now he is an understated, somewhat quiet expert on family office syndication who has a lot to say about a topic on which it’s tough to find a lot of information. Richard made this space more efficient. But, as you might imagine, it wasn’t a straight path. He figured things out along the way as he saw the holes that needed to be filled in industry.
Today Richard is the CEO of The Miami Family Office, a $500M AUM single family office. (If you don’t know what this means, go to Richard’s site and educate yourself… AND listen to this episode of my Cash Flow Diary podcast.)
Richard is also the founder of Wilson Holding Company, which produces over $10M annually in revenue through various operating businesses including Billionaire Family Office and The Family Club, the largest membership-based family office association, along with holdings in the training, single family office management, investment conference, search, data research, physical bullion, private equity, food, and energy industries. That’s really impressive.
Richard has spoken at over 150 conferences in 17 countries and has the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office.
We’ve never tackled the topic of family office syndication before, so make sure to give this episode your full attention. There are a lot of lessons, including how to become an expert very young. If you pay attention, you will hear this guest tell you to move quickly and immediately implement what you learn… and to follow good guidance, no matter what! We talk about courage, too. Learn more. LISTEN NOW.