When should you engage a Family Office?
Our show today featured the Managing Director of the Trust Point Family Office, Christine Schmidt. Christine got her start as a CPA, working in the insurance industry. From there she spent 16 years working as an accountant for a large Family Office with many types of holdings. She learned a lot and decided it was time to find a new endeavor. She found Trust Point, and became a financial adviser. Just 5 years ago, she launched their Family Office department and has been growing it along with many new clients ever since.
The primary role of a Family Office, she said, is to be the family's fiduciary advisor in all things having to do with the family; business included. Assisting in making a myriad of financial decisions, both personal and professional, working across generations.
Trustee services, financial education for family members, wealth management, facilitation of family meetings, shareholder meetings, assembling and implementing Family Governance and philanthropic guidance are just some of the Family Office services at Trust Point.
When is the best time to engage a Family Office? The answer is it can vary, but many times it starts with a family seeking a Trustee relationship. Legacy planning for the business is another driver. To learn more, Connect with Christine
The interview was one of our best so far in 2023! Listen to it here
Trust Point will be sponsoring a women in business event on May 12, organized by Team Women. Christine will be there, so if you go, stop by and say hello! Click here for a link to register
Connect with Julie Keyes on LinkedIn
Thank you to this month’s sponsor! Sunbelt Business Advisors and Trust Point
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- Business Readiness Transition online course
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- Purchase Poised for Exit book here
