VFO News

VFO News

a large family sits at a table with plates and glasses of wine
By Russ Alan Prince 24 Oct, 2023
Wealthy families have tremendous potential to veer off course, diminishing family fortune and causing severe intra-family conflicts. Many wealthy families are taking action to mitigate the possibility of family members distancing themselves and lessening the family’s financial position.
By Russ Alan Prince 17 Oct, 2023
For various reasons, super-rich families with a net worth of $500 million or more choose single-family offices to coordinate and oversee critical aspects of their financial and personal lives.
Female business owner holding
By Russ Alan Prince 23 May, 2023
Many entrepreneurs make various mistakes when selling their companies that may lessen the after-tax monies they receive. Three mistakes often front and center are a lack of pre-sale wealth planning, not adequately preparing the company for sale, and failing to negotiate the sale skillfully.
By Russ Alan Prince 15 May, 2023
Comprehensive exit planning, which encompasses corporate and personal exit planning, translates into greater family wealth for successful entrepreneurs. However, not all exit planning professionals are alike. Read why that's important.
By Russ Alan Prince 11 May, 2023
The burgeoning number of wealthy families can best explain the reason for the burgeoning number of over-privileged children. With the explosion in overprivileged children, an expanding set of professionals are on call to help extremely wealthy families deal with problems when they arise.
Male executive responding favorably to info on computer screen
By Private Wealth Magazine 29 Mar, 2023
Defined benefit plans can be key in helping to reduce their taxes while building significant retirement wealth, but choosing the right one is critical to avoid leaving money on the table.
White piggy bank sheltered by roof made with man's hands
By Private Wealth Magazine 29 Mar, 2023
The benefits of using a private trust company that works solely for your family may be significant particularly if you own multiple businesses and complex wealth transfer concerns. It enables the family to put all the trust assets together in one structure.
Wealthy mother and adult daughter peeling fruit at a table in a lush backyard garden
By Private Wealth Magazine 28 Mar, 2023
As families grow, the value of the assets they control has to increase to maintain buying power. As the number of family members multiplies and there are more branches in the family tree, this becomes a greater issue.
Angry woman pointing out mistake to a financial executive
By Private Wealth Magazine 11 May, 2022
What sets great wealth managers apart from the merely good ones is not common knowledge. Here’s what you need to know if you’re considering “upgrading” your manager.
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