EP #70: Building Legacy and Understanding The Family Office with Brian Adams
A great legacy is a powerful thing for the generations to come, whether it is in business, family, or other outside interests. The highly educated and entrepreneurial Brian Adams joins me on the show today to discuss the family office world. He draws from a wealth of experience and insight in this area to help families create effective practices and build incredible legacies.
Listen in as Brian discusses the distinct experiences that have shaped his career and passions, as well as the issue many people face when it comes to access to direct quality opportunities. You will learn what solutions he provides for co-investment opportunities, the benefits of direct real estate ownership, and tips on marketing, networking, problem-solving, social media strategy, and more.
What You'll Learn In Today's Episode:
Why Brian started his company and what his role is.
The main problems he solves for families.
Defining the family office and how Brian was introduced to it.
Why he refers to himself as a “recovering attorney.”
Lessons learned after many years in business.
The marketing and social media strategy Brian uses.
His experience with the justice system and the issues that drove him away.
Why it’s so important to have a broad portfolio.
Ideas Worth Sharing:
“Access to direct, quality opportunities was a challenge for folks who were looking to allocate.” - Brian Adams
“Anything that you don’t have a ton of passion for or have subject matter expertise in, hire somebody who is and get it off your plate.” - Brian Adams
”In order to get to that cash flow without taking on a ton of leverage, you need to go to markets where you can buy in-place cap rates in that 7-8% range.” - Brian Adams
Resources In Today's Episode:
Atomic Habits by Justin Clear
Greenlights by Matthew McConaughey