The Benefits of Working With a Virtual Family Office

Lessons by the Lake: The Oswego Private Wealth Show

On the latest episode of Lessons by the Lake, we delve into the transformative world of Virtual Family Offices (VFOs) and explore the myriad benefits they bring to individuals and families navigating the complexities of wealth management. Joined by Allison Tirado, Elite Advisor Coach at CEG Worldwide, we're analyzing the strategy behind this innovative approach to financial stewardship.

Discover the efficiency and convenience that a Virtual Family Office can offer, allowing for seamless collaboration and coordination among various financial professionals. We explore how VFOs leverage cutting-edge technology to streamline processes, enhance communication, and provide a comprehensive view of one's financial landscape.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:30 - How Bob and Allison became acquainted through CEG Worldwide

3:29 - Background on Allison Tirado and becoming a consultant for wealth managers

7:22 - Allison's past career in acting

9:09 - The difference between a Family Office and a Virtual Family Office

11:23 - Why a business owner should consider a Virtual Family Office

15:30 - The wealth management hierarchy

19:20 - A business owner should know who they can call to deal with significant issues

26:12 - The third act of your life can be the most exciting act of your life!

32:20 - The wealth management formula

37:28 - Leverage a stress test to see if there are gaps in your financial plan

40:27 - How to get in touch with Bob and his team to discuss a VFO model

43:10 - Closing remarks

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