HOW TO START A PRIVATE WEALTH AND FAMILY OFFICE PRACTICE

Uncategorized Jun 03, 2021

By Ayoob Rawat & Kabir Rawat

Setting up a private wealth and/or family office practice can be challenging,

It requires a deep profound interest and dedication to ongoing learning in an increasingly complex (data) world and really putting the interests of your clients before anything else.

However, setting up a practice or indeed just working (in a job) in wealth service can also be incredibly rewarding and satisfying.

Having practiced in the field of private banking, financial, wealth management and accounting for over 30 years, we set up our firm in 2001.

Initially, it was a standard accounting practice providing consulting and data management solutions to private banks, trusts, funds, and others.

After a few months, we acquired our first major private client! who was an ultra-high net worth owner of a private bank who wanted us to set up a control-driven (not investment) single-family office?

Afterwards, we grew and understood what the family office world was all about and how...

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𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐚𝐬𝐬𝐢𝐨𝐧 𝐦𝐚𝐤𝐞𝐬 𝐚 𝐛𝐢𝐠 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞

networking Apr 13, 2021

𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐩𝐚𝐬𝐬𝐢𝐨𝐧 𝐦𝐚𝐤𝐞𝐬 𝐚 𝐛𝐢𝐠 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞

To help you develop more passion in your networking, here are some tips:
. 𝐆𝐢𝐯𝐞 𝐢𝐭 𝐲𝐨𝐮𝐫 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧
Your ability to show another person you want to help is important for building your passionate attitude.

. 𝐒𝐡𝐚𝐫𝐞 𝐨𝐫 𝐃𝐢𝐞
Share information to answer the question; ‘Why you do what you do? And talk about the experiences that led you to your successful life, sharing about things you like to do.

. 𝐆𝐫𝐨𝐨𝐦 𝐨𝐫 𝐁𝐫𝐨𝐨𝐦 ‍
Your outfit may alter depending on how you approach and interact with other people.

. 𝗣𝗮𝘀𝘀𝗶𝗼𝗻 𝗶𝗻 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗻𝗲𝘁𝘄𝗼𝗿𝗸𝗶𝗻𝗴
If you are interested in other people, show them your passion, they will keep ‘paying’ you back with devotion and passion in their work.

. 𝐇𝐚𝐫𝐧𝐞𝐬𝐬 𝐘𝐨𝐮𝐫 𝐏𝐚𝐬𝐬𝐢𝐨𝐧 𝐚𝐬 𝐚 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲
Passion is an energy that works according to feelings and emotions.

Join us; your own dedicated community of protectors for private clients and families.

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𝐒𝐡𝐨𝐩 𝐒𝐦𝐚𝐫𝐭𝐞𝐫

Uncategorized Apr 12, 2021
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐘𝐨𝐮𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐏𝐨𝐰𝐞𝐫 💪
Plugging spending leaks frees up cash so you can focus on turning your dreams into reality. 🎯
Another way to "find" money without actually making more is to make smarter spending decisions. See how many of these purchasing tips you can incorporate into your spending in the next month:
1. Avoid impulse purchases by making a list for every shopping trip, and sticking to it. 📃
2. Take only cash on shopping trips and do not spend more than you have.
3. Buy generic store brands at supermarkets, when possible, and when the quality of the products is acceptable.
4. Compare prices. Look for sales and off-season bargains.
5. Buy large quantities of things you use often. Try to buy these items on sale and stock up. Be careful not to buy more than you really can use.
Remember to use these tips the next time you go shopping👍😀
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What is the rat race and how do you win?

careering rat race Aug 31, 2020

Can you even win as there is no finish line?

After over 40 years in the rat-race, I am enjoying living my “life”. So here are a few things to you to reflect on:

Have an entrepreneur mind even in employment.

Be aware that the race is against yourself! Always search for the truth. Listen to understand! Never spend more than you earn.

Have these 3 principles whether you are working or in employment:
1. During the ‘earnings’ part of your life, save the maximum realistically possible the minimum should be 20%.

  1. Protect your savings and place it so it grows and ends up becoming sufficient to meet your lifetime cash flow requirement.
  2. Recalculate your “post-earnings” lifetime cash flow requirement and what you want to pass on to match what you have saved.

Learn and understand diversification.
Appreciate, learn, and practice mediation.
Always invest in yourself: never stop learning, studying, and educating yourself.
Do not put your destiny in the hands of...

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Learning: Technology and Jobs.

ai jobs technology Aug 24, 2020

"50% of what we teach you over the next five years will be wrong, or inaccurate. Sadly, we don't know which 50%." This is a phrase that often gets aired at the welcoming lecture to medical schools.

It is true also of what our education system has become. It is not entirely in tune with the reality of the job market. However, what we have is still a must for every child for their primary and secondary educations.

It is post-secondary where it is becoming more complicated as technology is dramatically shifting the order of things as we knew it; much faster.

If we consider the jobs market that we want to prepare our children, then we need to understand with them, how technology is transforming the business landscape.

With acceleration in technology, the transformation to the business landscape is major and affects everyone; though some changes are minor others are at a reasonably large scale. In some sectors, the whole process of business has changed, and in other cases, entire...

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Is experience better than education?

education experience jobs Aug 24, 2020

It is not a simple question.

Without my secondary education, I would not have got the tertiary education and membership of the Institute of Chartered Accountants. Over the years, I continued learning and never stopped asking what the persons I reported to expect from me. I reached the position of CFO in a Private Bank.

Education in all its form has taken billions out of poverty and will continue to do so. Whether it be primary, secondary, or university, getting a certificate, a diploma, or a degree is essential.

Besides the educational background, more employers nowadays are looking at a person's experience. "A survey by recruitment specialists Universum* found that 58% of leading employers value work experience among graduates more than grades or the name of their university."

Many degrees now include a work experience part while at the other end, many colleges now offer "work and life experience" degree programs. "An accredited life experience based college degree is conferred as...

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Unlearning is the new Learning

education Aug 24, 2020

Mass education will continue to do well for most for many years to come. It is what is taught and how to teach that is creating a gap about finding a satisfying way of being financially independent and staying that way in a rapidly changing world.

More experts are now repeating that learning new skills involve unlearning old skills and habits that most of us have been "constructed" to be.

The acceleration of digital transformation means that the goalposts continue to be moved, and the problem is that we do not even know what the medium to long term future holds for any of us.

So, what to encourage our children and ourselves to learn and unlearn to be ready: here are five habits that William Treseder has shared with us. With his permission, let me share these with you. See if you agree:

1. Filling up the day with time-bound activities.

Just class in school was 45 minutes, or 60 minutes, we build most meetings for the same duration.

Does our work really into easily trackable periods?...

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