Simply Tax Episode 65: What’s a Family Office?
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A family office can help build and preserve a family’s legacy. Guest Jack Thurman joins Damien Martin to explain how, while also breaking down the ways a family office can benefit a family.
TIME STAMPS OF WHAT’S COVERED
- How Jack defines a family office @0:11
- Benefits of a family office @4:27
- Is a family office a good fit for you? @6:06
- Common roles a family office can play @9:20
- What to look for in a family office advisor @14:11
- Evaluating the cost @20:54
- Common issues that keep generation one up at night @24:47
- Best practices for family offices @28:34
- A family office advisor is like a running buddy @30:28
- How Jack manages his goals and aspirations @34:15
- Ways Jack focuses on what he does best while outsourcing the rest @38:45
- How Jack came to work with affluent families @41:34
- Closing thoughts @47:48
BIO FOR GUEST
Jack Thurman is president of BKD Wealth Advisors, LLC, a subsidiary of BKD, LLP, which provides investment oversight, wealth management and family office services to high-net-worth families and corporations. He has provided wealth management services since 1986 and is regularly contacted by national media for interviews and commentary on the market and economic events. Jack has been quoted in publications such as Forbes, The Wall Street Journal, Businessweek, SmartMoney and CNBC.
Email Jack
Connect with Jack on LinkedIn
ADDITIONAL RESOURCES MENTIONED IN THE EPISODE
Mentioned on the podcast:
- Strangers in Paradise by James Grubman, Ph.D.
- The 7 Habits of Highly Effective People by Stephen R. Covey
Additional family office resources:
- Webinar: Want a Family Office That Thrives? Common Mistakes to Avoid presented by Jim Coutre and Jack Thurman
- Learn more about BKD Family Office Services
GET MORE SIMPLY TAX
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