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Family offices – private wealth management for ultra-high net worth individuals – make investments, donate dollars, and have the kind of flexibility that other institutional investors may not have.
In this episode, the GFGF crew explores with our guest, Karen Wawrzaszek, Principal with SBSB Financial Advisors, how family offices work, how founders can find family offices to work with, and the possibilities for how family offices may change the funding landscape.
The Get Found Get Funded podcast is at the intersection of entrepreneurship and social justice where we focus on entrepreneurship as a possible path to wealth creation — specifically for Black and Latinx communities.
Karen Wawrzaszek CFP®,CTFA
Principal at SBSB, LLC – Financial Planning Strategist and Lead Impact & ESG Investment Specialist
There is a growing number of family offices in the U.S.
Family offices can be a source of funding for entrepreneurs. However, each family office is different and has its own focus and mission.
In order to effectively reach out to family offices, do your homework and make sure your company matches with what the family office supports.
Family offices can offer ‘patient capital’ – but you have to know how to present yourself and build a relationship. Listen to the episode for specific ideas on how to do so!
1:29 Definition of a family office.
4:17 The different types of family offices.
12:00 Types of funding family offices provide.
24:22 Different mindsets of family offices – and how to find out.
25:00 How to seek out family offices.
36:05 Growth of family offices.
41:03 More techniques to find out the goals of a family office.
47:18 Family offices collaborating with one another.
52:39 How policy can affect investment.
1:00:56 Emotional ties to money.
1:03:42 How Karen got into working with family offices.
1:08:51 What Karen is working on now and looking ahead.
On opportunity zones: https://sbsbllc.com/is-it-right-for-you-are-opportunity-zones-a-good-opportunity-for-investors/