Navigation Links
As “MFOs” Increase, Addicus Stays True
Date:11/19/2013

Oxford, MS (PRWEB) November 19, 2013

In a recent Forbes column, Russ Alan Prince discusses the growth of Multi-Family Offices being fueled by some false claims. Addicus agrees with Prince, responding with their stance as a true MFO.

Addicus, a real multi-family office, responds to the recent column by Forbes contributor Russ Alan Prince.

The column, “The Multi-Family Office Gold Rush,” discusses the boom at which MFOs are appearing all over the map. This growth is fueled by many financial advisors and financial institutions labeling themselves as MFO or adopting some services to fit the MFO model. By definition, however, these advisors, institutions and banks are not fitting the bill as a legitimate multi-family office.

“I think there are many fakes out there, and we are not one of them,” says Drew Adams, Addicus Managing Partner. “I think this is similar to the term ‘financial planner’ and its evolution in the industry where many people who were not CFPs decided to start calling themselves 'Financial Planner' but weren’t providing anything different than they had previously."

“Most financial planners only do enough planning to highlight the need for an insurance or investment product and then the planning miraculously stops.”

What makes Addicus unique and fit the multi-family office model is its focus on planning. The products or investment services of a business will either make sense or not once the planning is complete. Most of Addicus’ successful clients who have family businesses with multiple family members involved have a CFO to coordinate their business/financial/legal affairs. However, often these business owners have a number of other assets – both paper and private business/real estate – with no CFO to coordinate these.

“This is where we serve, filling the gaps, uniting the advisors and ensuring opportunities aren’t missed or unnecessary mistakes made,” says Adams. “We have a supreme ability to identify issues, architect solutions that integrate with current and future planning, assemble and lead teams of resources to execute, and manage the solutions once implemented. That is a snippet of what a true MFO does.”

To learn more about Addicus and how a multi-family office can benefit your family business, please visit http://www.weareaddicus.com.

About Addicus

Addicus is a full service firm driven by economics, not finance. Our global perspective and approach often challenges conventional wisdom with amazing results. We specialize in providing services usually reserved for family offices of the world’s top earners providing our clients a boutique style approach with a personal touch. Addicus’ Private Wealth Development services start with a discovery phase by piecing together a full and thorough profile of one’s personal and business finances. Leading with your mission statement, Addicus designs and uniquely crafts a playbook to accomplish your goals and initiatives. Contact Addicus today and get started with a playbook of your own. Please visit http://www.weareaddicus.com.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11347272.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Cost Per Workers’ Compensation Claim Rising In Indiana As Payments for Medical Care Increase, Says New WCRI Study
2. A paradox for young docs: New work-hour restrictions may increase, not decrease, errors
3. Social Security Disability Video Hearings Increase, Allsup Reports
4. ICU stays for worst asthma drop 74 percent, review finds
5. Weekend hospital stays prove more deadly than other times for older people with head trauma
6. Is declining medical imaging use driving up hospital stays and medical costs?
7. Shorter Hospital Stays Dont Compromise Care, Study Finds
8. How the brain stays receptive
9. Validated pre-procedure risk score reduces bleeding complications and can shorten stays
10. Actors, Models & Talent for Christ Graduate, Taylor Beckham, Is Stolen by Team Blake And Stays in The Voice Competition
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... (PRWEB) , ... February 23, 2017 , ... ... organization devoted exclusively to funding innovative lymphoma research and serving the lymphoma community ... will return to the La Gorce Country Club in Miami Beach to host ...
(Date:2/23/2017)... ... 2017 , ... Los Angeles-based weight loss surgeon Michael Feiz, M.D., F.AC.S. will ... to Hot,” which will begin airing on February 24, 2017. The show chronicles the ... 2012 reality television series, “Here Comes Honey Boo Boo.” The earlier series from TLC ...
(Date:2/23/2017)... IPSWICH, Mass. (PRWEB) , ... February 23, 2017 ... ... chosen as an approved content provider for the National Institute for Health ... care and social care-related organizations in the National Health Service (NHS) to search, ...
(Date:2/23/2017)... Denver, Colorado (PRWEB) , ... February 23, 2017 ... ... Dialog Magazine, an exciting, new, interactive publication where generations converge and explore the ... to expand their worldview, Dialog Magazine enables readers to gain understanding, increase empathy, ...
(Date:2/23/2017)... ... 23, 2017 , ... Healthcare Research & Analytics® (HRA®) in ... against cancer, has produced a seminal study that asked cancer survivors and their ... in a webinar, Defining Compassionate Care Through the Voices of Patients and Advocates ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... , Feb 23, 2017 Research and ... Devices Market Analysis & Trends - Industry Forecast to 2025" ... ... grow at a CAGR of around 9.2% over the next decade ... report analyzes the market estimates and forecasts for all the given ...
(Date:2/23/2017)... SAN DIEGO , Feb. 23, 2017 /PRNewswire/ ... MBVX), a clinical-stage oncology drug development company, announces ... Food and Drug Administration (FDA) authorizing the initiation ... a therapeutic treatment for pancreatic cancer. MVT-1075 ( ... antibody radioimmunotherapy (RIT). MabVax plans to initiate the ...
(Date:2/23/2017)... Orthopedic and cardiac devices will continue ... patterns lead to an increasing prevalence of musculoskeletal ... injuries, chronic back problems, heart valve replacement, and ... future of medical implants faces many uncertainties. ... more: - What types of medical implants ...
Breaking Medicine Technology: