"This Redditor is looking to take around $35 million out of their asset pool and "park" it with a Multifamily Office provider."
"The hope is that an MFO works best as their total net worth is in the $50 million range."
Members of the FIRE (financial independence, retire early) community seek early retirement, with the fat FIRE subset aiming for wealth in the millions. A Redditor is exploring options to manage their $35 million through a multi-family office (MFO), as their overall net worth is $50 million. The Redditor emphasizes the importance of understanding asset management fees when deciding on financial advisors and exploring financial institutions to find the best management practices for wealthy clients.
Read at 24/7 Wall St.
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