Sept. 1, 2025

121: Best Family Office for Your Net Worth

121: Best Family Office for Your Net Worth

There are 70 million millionaires in the world — but only about 30,000 qualify for a single family office with a $100M minimum. That means 99.95% of millionaires are either stuck in the wrong wealth management system or don’t even realize there’s a better way.

Most people think you need a huge fortune and a full-time team to manage wealth like the ultra-rich. But that’s just not true.

A single family office gives full control and privacy, but the $2–$5M annual cost makes it impractical unless you're in the top 0.01%. On the other hand, multi-family offices offer shared resources, but you lose control, customization, and still pay high fees — often hundreds of thousands per year — for cookie-cutter strategies designed for groups, not individuals.

That’s why the micro family office exists — and why it’s the best-kept secret for the 99% of millionaires with $1M to $30M in net worth.

This lean, strategic model allows full control over wealth decisions while leveraging top-tier experts only when needed. No bloated payroll, no compromises, no “one-size-fits-all” plans. You become the CEO of your financial future, using battle-tested systems to manage everything from investments to tax planning to estate strategy — tailored entirely to your goals.

I personally cut over $200,000 in annual wealth management costs by building my own micro family office. Instead of outsourcing control, I built a flexible and scalable framework that adapts to my life, grows with my wealth, and delivers real results — faster and with greater clarity.

The truth is, most millionaires are still using wealth management models built for a world that no longer exists. Today, the best strategy is one that runs like a business: efficient, data-driven, and designed for your unique situation. You don’t need $100M to do it — just the right framework.

Transcript
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[SPEAKER_00]: Did you know that there are seventy million millionaires in the world, but only thirty thousand would qualify for the hundred million dollar minimum a single family office has?

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[SPEAKER_00]: That means that ninety nine point nine five percent of millionaires don't have what it takes to spin up a single family office.

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[SPEAKER_00]: But that doesn't mean that you're out of luck if you want to manage your wealth like the ultra wealthy.

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[SPEAKER_00]: I'm Christopher Nelson and I've been through three IPOs growing my portfolio to over seven million dollars.

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[SPEAKER_00]: More importantly, I figured out how to leverage the family office model to have my investment portfolio kick off enough monthly cash flow.

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[SPEAKER_00]: to cover all my family's essential expenses.

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[SPEAKER_00]: Today, I'm going to show you the three types of family offices and reveal which one actually makes sense for you based on how much investable network you have.

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[SPEAKER_00]: By the end of this video, you'll understand why ninety-nine percent of wealthy people are trapped in the wrong wealth management system.

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[SPEAKER_00]: and exactly what to do to join the one percent who figured it out.

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[SPEAKER_00]: Let's start with what everyone thinks they want.

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[SPEAKER_00]: The single family office.

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[SPEAKER_00]: A single family office is basically your own private wealth management company.

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[SPEAKER_00]: Think of it like having your own Goldman Sachs, but just for your family.

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[SPEAKER_00]: You've got a team of full-time employees

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[SPEAKER_00]: Investment professionals, tax strategists, estate planners, even concierge services.

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[SPEAKER_00]: The ultra wealthy love these because they get complete control and privacy.

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[SPEAKER_00]: No sharing resources, no compromising on strategy.

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[SPEAKER_00]: Everything is customized to their exact needs.

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[SPEAKER_00]: But here's the reality check.

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[SPEAKER_00]: You need at least one hundred million dollars an investable assets to make this work.

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[SPEAKER_00]: Why you ask?

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[SPEAKER_00]: Well, because you're looking at two to five million dollars per year just an operating cost.

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[SPEAKER_00]: Let me put this in perspective.

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[SPEAKER_00]: If you have a ten million dollar portfolio, which puts you at the top one percent of Americans, you'd be spending twenty five to fifty percent of your entire network just to set this up.

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[SPEAKER_00]: That my friend is not wealth management.

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[SPEAKER_00]: That's financial suicide.

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[SPEAKER_00]: The math simply doesn't work unless you're in the top thirty thousand globally.

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[SPEAKER_00]: And even if you could afford it,

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[SPEAKER_00]: Do you really want to manage a team of ten to twenty employees?

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[SPEAKER_00]: Most successful people I know didn't get wealthy so that they could become HR managers.

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[SPEAKER_00]: So what about multifamily offices?

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[SPEAKER_00]: This is where multiple wealthy families pool their resources to share costs.

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[SPEAKER_00]: On paper, it sounds great.

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[SPEAKER_00]: You get access to institutional quality investment opportunities.

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[SPEAKER_00]: sophisticated tax planning and estate services.

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[SPEAKER_00]: But at a fraction of the cost of the single family office, most multifamily offices require thirty million to a hundred million dollar minimums, which put them in the reach of more people, but it's still a hefty requirement.

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[SPEAKER_00]: But here's what they don't tell you in the glossy brochures.

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[SPEAKER_00]: You're basically paying premium fees for a loss of control.

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[SPEAKER_00]: Think about it.

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[SPEAKER_00]: You're sharing investment strategies with ten to one hundred other families.

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[SPEAKER_00]: Your portfolio allocation gets decided by committee.

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[SPEAKER_00]: Your tax planning follows their template.

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[SPEAKER_00]: Your investment timing depends on what works for the group, but maybe not what's optimal for your specific situation.

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[SPEAKER_00]: And those premium fees I mentioned,

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[SPEAKER_00]: They add up.

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[SPEAKER_00]: Let's assume that you are at the bottom end of the requirement with thirty million dollars net worth.

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[SPEAKER_00]: That means a one percent fee has you showing out three hundred thousand dollars per year.

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[SPEAKER_00]: Now for some people this works, but for many, it's not wealth management.

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[SPEAKER_00]: It's very expensive delegation.

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[SPEAKER_00]: And here's the kicker.

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[SPEAKER_00]: Most multi-family offices are really just glorified asset managers.

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[SPEAKER_00]: They're not building customized wealth strategies.

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[SPEAKER_00]: They're selling you on their standard investment products with white glove service.

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[SPEAKER_00]: So what's the alternative?

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[SPEAKER_00]: This brings us to what I believe is the optimal solution for the other ninety-nine percent of millionaires, the microfamily office.

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[SPEAKER_00]: A microfamily office gives you the strategy and systems of the ultra wealthy, but right sizes it for the largest group of millionaires, which are those with one to thirty million dollars in assets.

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[SPEAKER_00]: Instead of hiring full-time employees, you build a network of specialist partners.

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[SPEAKER_00]: Instead of managing a complex organization, you become the CEO of your own lean wealth enterprise.

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[SPEAKER_00]: This is how I manage my wealth and here's how it actually works.

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[SPEAKER_00]: You maintain complete control.

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[SPEAKER_00]: Every investment decision, every tax strategy, every allocation,

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[SPEAKER_00]: is optimized for your specific situation and goals.

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[SPEAKER_00]: You leveraged specialists when needed instead of paying someone, two hundred thousand dollars a year to be on standby.

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[SPEAKER_00]: You work with the best CPA during tax season, the best estate attorney when needed.

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[SPEAKER_00]: and the best investment opportunities when they arise.

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[SPEAKER_00]: You build systems not overhead.

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[SPEAKER_00]: Instead of managing people, you leverage wealth-offs, battle-tested, ready to deploy processes that work right out of the box.

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[SPEAKER_00]: Scaling effortlessly, whether you're portfolio is two million dollars or twenty million dollars.

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[SPEAKER_00]: Let me give you an example from my own portfolio.

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[SPEAKER_00]: Instead of paying a multi-family office, two hundred and forty thousand dollars a year to manage my seven million dollar portfolio, I spend about twenty seven thousand dollars annually on specialist services and technology.

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[SPEAKER_00]: That's a two hundred and thirteen thousand dollar difference that goes directly into wealth building instead of wealth management fees.

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[SPEAKER_00]: But the bigger advantages, speed and customization.

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[SPEAKER_00]: When I identified a tax optimization opportunity last year, I implemented it within two weeks in the multi-family office that same change would have taken months of committee discussions and might not have been approved at all.

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[SPEAKER_00]: Here's what the traditional wealth management industry doesn't want you to know.

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[SPEAKER_00]: Setting up your own family office isn't an old money game anymore.

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[SPEAKER_00]: Sixty-eight percent of all family offices were established after two thousand and fifty percent have been created since the two thousand and eight financial crisis.

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[SPEAKER_00]: The explosive growth isn't coming from inherited wealth.

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[SPEAKER_00]: It's coming from people like you and me who built their wealth through businesses, tech equity, and smart investing.

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[SPEAKER_00]: But here's the problem.

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[SPEAKER_00]: Most people are still choosing the wrong model.

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[SPEAKER_00]: They're either going too big with something that's going to eat away at their wealth faster than it grows,

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[SPEAKER_00]: or settle for a fast food wealth manager that doesn't actually know how to solve their problems.

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[SPEAKER_00]: Your wealth should work like a business with clear systems, measurable outcomes, and strategic decision making.

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[SPEAKER_00]: You don't need a five million dollar annual budget to do that.

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[SPEAKER_00]: You just need the right framework.

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[SPEAKER_00]: So here's my take on when each makes sense.

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[SPEAKER_00]: You should only set up a single family office if you have a hundred million dollars plus net worth

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[SPEAKER_00]: and you want to hire a full-time wealth management team.

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[SPEAKER_00]: For ninety-nine point nine five percent of people, this is overkill and a wealth vampire.

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[SPEAKER_00]: Now, if you have thirty million dollars in net worth and want to be completely hands-off with your wealth, but understanding that you're paying premium fees for standard solutions, then a multi-family office might be the path for you.

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[SPEAKER_00]: But if you're part of the ninety-nine point nine five percent of a millionaires and have a between

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[SPEAKER_00]: one in thirty million dollars net worth and want to be the CEO of your wealth maintaining control by leveraging the best specialist in systems then like it was for me the micro family office is the best path for you to pursue you get institutional quality strategies without institutional level costs

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[SPEAKER_00]: or complexity.

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[SPEAKER_00]: If you fall into that one to thirty million dollars in net worth bucket, and you're tired of feeling reactive and overwhelmed by financial decisions, you want clarity, control, and a roadmap to financial independence, then you're ready to build your own micro family office.

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[SPEAKER_00]: At wealth ops, we've systematized this entire process.

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[SPEAKER_00]: Our framework helps you architect, build and run your portfolio like a business, because that's what it is.

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[SPEAKER_00]: So if you want to start managing your wealth like a business instead of a weekend hobby, head to wealthops.io or click the link right below this video.

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[SPEAKER_00]: And if you want to learn more specifically about the micro family office model, then you should check out this video.