How To Start A Family Office From Scratch
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- เผยแพร่เมื่อ 25 ก.ค. 2024
- 🔥 LOOKING FOR HELP LAUNCHING YOUR FUND? 🔥
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ABOUT BRIDGER PENNINGTON
Bridger Pennington is the founder of 2 investment funds that have done over 217 deals in the last 4 years. Additionally, he currently manages an 8 figure hedge fund Ugly Unicorn and is a strategic advisor to 8 portfolio funds.
He has started helping others launch their own funds through Fund Launch, an online program with over 60,000 students designed to help them start investment funds without working on Wall Street or having an Ivy League degree. Last year they launched 130 student funds, and have 12 student funds over $100 million.
Bridger has spoken on stage to thousands of people across the United States and is determined to help entrepreneurs scale their businesses through launching their own funds.
DISCLAIMER: This is NOT financial or legal advice. Fund Launch’s experiences with using a fund strategy are unique to them. You should not consume this content with the expectation that you will have similar or the same results. All fund projects are subject to multiple variables and risks that make it impossible to predict success. Since we cannot predict success or provide you with information on what an average customer experience is by creating a fund, you should assume you will not have the same type of success or any success at all. We encourage you to seek out advice from other qualified professionals for advice on setting up your particular fund.
Learn More About Bridger & Fund Launch:
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Beautiful knowledge. My brother and I just started a family office with the millions we made from crypto. Excited to grow it and educate our kids in this exact manner so they don't destroy it. We are first-generation wealth and we can't mess this up. Our unborn great grand kids are counting on us!
Beautiful to hear, I wish you guys success beyond Your wildest dreams and then some!
How’s those crypto millions doing?
@@moneybags6840 Mine are doing fine because I converted profits to USDC then to Fiat. We are doing great, and this low has allowed us to buy back in for dirt cheap. Crypt is just like any other market. Play it correctly you can win, when it's up and down. I believe the real issue is people don't understand the game they are playing and just think it's easy money. Takes time, research, and discipline, just like any other market!
@@indianapapi It's hard to "play it correctly" when there is no value behind then, and for now it runs on Hypes.. very different from the stock market, where you can value stocks threw business models and Financials
I agree with you. All I markets are hard to play them correctly. I do not mean to trivialize it or the success my brother, and I have had. It wasn’t easy by any means. Just like with any game, scheme, market, etc., there will be some winners, and there will be losers. Many people have lost in crypto so far. Some of my friends included. Crypto is in a mode whose value is what someone is willing to pay for it. I argue that all things are ultimately like that in a capitalist society. I say that because even stock is based on perceived value or sentiment. Some might disagree with me, but the perception of a stock moves it up and down. A company can have a great earnings report, yet the stock drops. The opposite can happen also. Analysts often put a target price on stocks, and that range is based on perceived worth. That said, some will never like crypto. Some will love it. Some hate it because they hate everything that has hype; some overhype the technology way beyond its capability. It is up to each of us to determine if that is a game we want to play and if we do, we do it to our best ability to have a great outcome, hopefully.
I started off as the CFO of the MFO, evetually became the CEO of the SFO once the MFO split up. A CTO and COO was not required but the Chied Legal Officer is a must
Bridger, please do a video on how to start or launch a SPAC (Special Purpose Acquisition Company).
This will be 👌awesome
We need that video ASAP
We need that video.
Lol.
You shouldnt be starting a SPAC if youre looking at youtube for a how to video. Master the basics of stocks before you start trying to acquire an entire company through a seperate company. Like... learn how to do long division before polynomial division. And here you want to do Engineering.
So I read Rich Dad Poor Dad in 2020. Which started my financial education. I've been at this for three years now and this is the first I've ever heard of a family office. My little Yokel Financial brain is literally blown. Thank you so much!
I found it actually a very good pitching point that family offices help the clients to pass down the wealth in a wiser way to the next generations. Separately, I think for the people setting up a single/multi family office, it will be very helpful to introduce a few ways of connecting the themselves to the promising funds (venture funds, PE funds, private credit funds, direct investments etc.) or letting those funds loop in the family office when there is a fundraise.
Thanks a lot for the videos - they are very helpful!
Thank you for this content! I’m currently on the path of rewiring myself for wealth. I sat down with my oldest and he wants a high networth lifestyle. So we’re on the mad dash to learn and educate ourselves in the psychology and methods of acquiring & sustaining wealth - At the intersect of philosophy so he’s not navigating life w/ “trust baby” energy. Not a lot of info out there for those that come from generations of middle class people. This was gold. Thank you 👏🏼❤️🔥
So much good insight here! Love it! Cool to hear the stories about generational wealth like the Rockefeller's and the Vanderbilt's. Family offices are important!
Its amazing how this can change the perspectives. I am so inspired by this type of content, found you a week ago and have already watched 17 of your videos. For someone with the potential (but not yet the opportunity) its mindblowing to understand the way funds get started, operated, managed and moreover the real reason of why wealthy people keep getting wealthier.
Thanks for sharing once again. I can surely see myself running my own fund one day, I will do it for myself!
don't forget to act on the knowledge
This is the simplest breakdown of what a family office is that I’ve ever come across.
Man this is gold.
Been trying to figure out what's the next step to make. This is it.
That’s amazing, how great of a setup. Will definitely do this!
I like the variety of examples you give. The depth of the information, and how practical the advice is toward applying some of your methods.
This is perfect! I love this small change in how to secure the future of you family both with money and their relationships. As I'm gaining my own capital and assets this has helped me realize how to see into the future. I was a bit worried but now I see a great way forward. Thank you!
This brought together a lot of wonderful ideas into a cohesive presentation.
Your energy your delivery is awesome! Keep rocking
You're videos are very informative and helpful. Thank you!
Finally, I found such amazing content. Thank you very much for the descriptions :)
Your content is amazing. I have been teaching my daughter how to make money and you have so many good videos I just tell her to binge watch you. Thanks for making this incredible content!
I grew up in a regular house too and found out my grandparents and father mentored me in entrepreneurial ways which lead me to work for George Lucas to start his family office in the 90s
22 yrs later...We are in these times and i got to be a normal person without support to help entrepreneurs do what you are teaching way better than i could but i did implement for others
Thank you 🙏
I really appreciate your videos bro
Much love bro 🙏🏾🙏🏾🙏🏾. Learn alot from you keep the videos coming
Love the way you layout the funding and investment space
Awesome sharing....this is info that so many have no access to....knowing it exists is the first step in exploration.
Thank you so mich for sharing your knowledge...
This video had been the activation energy for me for starting a family office.
Namaste from India 🇮🇳 .
I had no idea the rockefeller's had this sort of structure! I think I am going to set up myself.
“Because Funds run the world” lolll
Your dope as hell bro, preciate what your doing man. Honestly!!!!
There's a lot to unpack in this introduction to family offices. I'd never heard of them until I was reading about high value individuals and families in China trying to find a way to escape with their wealth.
Really love this video, content that I really enjoy.
Excellent content. Such a criteria is rather like the formation and usefulness of creating foundations. Thumbs up..
also you have the most incredible youtube channel. I still remember when you had like 2K subscribers! great job Bridger!
Hi Bridger! Thanks for making this video. I learned a lot.
fund guy... I heard "fun guy". insightful, simplified to the core... just what TH-cam needs at 3am in the morning. all kidding aside I listened to the end. thanks
I love this topic. Thanks Bridger!
Could u do a video on a growth equity fund. That middle space between venture capital and LBO
Thank you so much very detailed and informative.
Thank you for this video Pennington!
Very good ideas !
Thank you for sharing
'Family Bank Fund' is one of the most creative ideas I've yet heard on how to both manage as well as maintain a sudden financial windfall, or just long-term generational wealth. Instead of just handing out bags of money and not teaching any family members anything, you encourage creativity, entrepreneurial spirit, business financial discipline, and give those who partake a chance at creating their own personal wealth story.
Very informative. I work with a couple of family offices who want to invest in dual-use early stage technologies.
Yessss i was planning on doing this!
This is awesome.Great information
solid advice - great work
Thank you! Great advise!
Thanks for the wisdom..priceless 👊
Wealth of Knowledge!!! Thank you so much!
No problem, glad you liked it👊
Thank you. First time here. Some families must educate its members in order for this to be viable.🌸
I’m in the MFO business. This is valid information. Well done!
Subbed.
Keep it up Bridger! This channel will make everyone in the comments more than 100 dollars! RT
intergenerational wealth management at its finnest! Thank you soo much for your aswome content!
I’ve checked a few of your videos out today. Great stuff man. Thanks! A video with more specifics on raising funds as a VC firm would be great (approaching pension funds, family offices, etc). I saw one you had, but I mean going into more detail with how to find them, how to actually establish contact with them, set up meetings and pitch to them, etc.
That was a really cool video by the way! Super interesting
Great content Bridger!!! Loved it!
Love your channel already.
QQ: On general does location affect fund future perspective? How taxes play a role in creating funds?
I like the quote : " There is satisfaction in Earning Money and life is like that... " Very rightly said. I like this video. It's excellent, informative and educative. I am from non english speaking community. So it was bit difficult to understand word to word.. The speaker is really good and expressive but speaking very fast. I still appreciate the accent. And the content is good.
This is correct we use this type of style in my family
I work at a trust company serving UHNW clients and everything you said can be accomplished in a trust along with more benefits than a corporate entity. Trust companies have distribution committees and investment committees and they reduce pressure on family dynamics.
the information in this video is gold
It's quite a coincidence finding this video because I just bought a book entitled, What Would The Rockefellers Do. I haven't read it yet but after watching this video I have to dive into the book as soon as possible!
Awesome, learning hope to set up one.
thank you so much for explaining this
This is awesome. I’m first generation and was wondering how can things be structured. Your videos are awesome and I’ve been watching them. Thanks Bridger!
Thanks for sharing brother 😊😊
Please do a video about how to have a hedge fund that makes us rich so we can buy TH-cam premium and not watch the ads before your videos.
Great info.
This is gold!
Amazing. Would love some interviews of the people you have helped for hedge funds, family offices etc. about how they run their thing.
Great information
I was just wondering what a family office is this morning, I guess TH-cam read my mind and force me to subscribe this channel
This is insanely cool info
This is a very good and informative video…but…I don’t think I need to worry about starting a family office anytime soon 😂🤙
Coolest video I’ve seen in my entire life no joke
Thanks for the great content! Can you please make a video of how to monetise (in say a PE fund) while you are waiting for the liquidity event (IPO or sale). How do you pay salaries, overheads etc. while you wait for the liquidity event. I might be missing something obvious but this is a part I seem to struggle to understand.
Really good content
KING!!!!!!!!!!!!!!!!!!!!!!!!!!
👊
Bridger, I introduced you to my cousin. Your videos are the start to our fund development process. Thank you :)
Awesome information 🎉hope you would think about doing business in The Bahamas 🇧🇸
That was awesome, thanks!
Cheers to the future.
really good knowledge! thank you.
Great video do you or your family use this system
What a GEM of a video 🙌
Great video Bridger! Since you're already way into this rabbit hole, a great follow-up would be a video on how families/estates can set up and structure Family Banks via High interest-High yield premium whole life policies.
A lot of people make light mention of the "family bank" or "infinite banking" but very few are willing (or maybe even knowledgeable enough) to teach their community how to start and set up such a thing.
I think your viewers would appreciate that just as much as this video.
This seems like a major asset protection measure. Very interesting. Do you have to already be wealthy to start a family office in this way?
Love your shirt. What brand is it?
Wow.. thank you for ur videos.. very helpful
Great Video.... Rockefellers set up Irrevocable Complex Trusts.
This in some ways reminds me of the information the late Dr Peter Drucker was able to amass on the DuPont family. One of the few American families able to keep their $ for centuries.
A bit of humor: the French revolution actually benefited this family as they were forced to leave France and thus get their start.
Good
Amazing
Great content, thanks for sharing
It would be prudent to have a percentage set aside up-front (10%--35%+)-to be managed separately as an investment fund for growth and preservation. Expand the capital base over time vs depleting it.
This is type of fund I would like to launch for my future SFO FUND. ETF on the stock market.
Boom👊
Two questions: 1) My business partner and I own 50% each of the primary business, do you recommend setting up a Family Office with a trusted business partner or two separate family offices? 2) How does the Family Bank grow the assets beyond low interest returns on loans to family members?
What's the best way to structure? Any recommendations for articles or partnership etc?
Amazing intergenerational wealth strategy!!!
thanks man i was realy wondering what i was going to do with my future 1 billion dolars
Well explained
What If I die? Well Great!!! Classic Bridger!!! 🤣🤣🤣
haha thanks Chris!
dude you need to do something about the S-sounds (Sibilance). Please use a de-esser
Its not just the rich people who should be doing this. Its every family in the world. Pool your resources as a family instead of having to do everything individually. Even if it is informal.
What type of roles exist at Family Offices for those who want to build a career there?
bootstrapped my business from nothing to high nine-figure revenue and a $3B valuation in under 14 months, with less than $1k in upfront capital, all by myself... AND that was honestly easier and less confusing than how to ultimately manage the profits it generates lol
cuz when you’re generating $200M+ a yr in profit distributions it’s no longer sufficient to just shove it all in a checking account lol. it’s honestly the most confusing & frustrating thing iv ever dealt with, cuz there’s a thousand different seemingly good options (private banks, wealth management firms, asset managers, MFO’s, VFO’s, SFO’s, hedge funds, mutual funds, investment banks, etc). would honestly rather bootstrap 100 startups all at the same time than have to figure out how to manage the money they generate lol
Success is only defined when your are doing your best to grow and learn new things... By the way thanks for the uploads. a fellow creator..
Can you do a video on how to start a bank and investment bank