Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum. On the latest episode of Your Money & A Cup of Joe, we’re looking at whether family banks could be a smart move for you and your family's financial world.Chapters:0:00 - Introduction and overview on the topic of the day1:05 - What is a family bank? 1:51 - The types of initiatives that family banks can fund2:53 - How a family bank can support a family member and build up financial responsibility3:47 - How a family bank can help a family member with a business-building desire5:08 - Why family banks are such formal entities6:46 - Family banks are meant to be customized to fit the needs of the family8:23 - Family banks are not exclusive to the extremely wealthy9:28 - How to set up and 'run' a family bank11:11 - How to get in touch with Joe and his team to discuss this topic further12:15 - Closing remarksConnect with Joe Calao:WebsiteLinkedIn

Ver todos los episodios