My friend has $20 million in assets and has no clue how to get organized - what steps should he take?
Briefly

from 24/7 Wall St.4 months ago
Managing significant wealth can often feel like you're juggling too many balls in the air - bank accounts, properties, bookkeeping, taxes, and various legal and logistical tasks. It's easy to become stressed!
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/09/my-friend-has-20-million-in-assets-and-has-no-clue-how-to-get-organized-what-steps-should-he-take/
That user already has several key pieces of the puzzle, such as a family attorney, estate attorney for legal matters, and an accountant to handle taxes and finances. Yet, coordination is absent.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/09/my-friend-has-20-million-in-assets-and-has-no-clue-how-to-get-organized-what-steps-should-he-take/
Without someone or a system to stitch all of these roles together, things can quickly become disorganized and overwhelming. A unified approach is crucial.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/09/my-friend-has-20-million-in-assets-and-has-no-clue-how-to-get-organized-what-steps-should-he-take/
For someone in a complicated financial situation like this, turning to a fractional back-office service or considering a multi-family office can bring much-needed organization.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/09/my-friend-has-20-million-in-assets-and-has-no-clue-how-to-get-organized-what-steps-should-he-take/
Read at 24/7 Wall St.
#wealth-management #financial-organization #high-net-worth-individuals #family-office #asset-management
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