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:8/18/2017)... ... 18, 2017 , ... “Beyond Our Imaginations: The Infinite God”: shows the importance ... God” is the creation of published author, Mark Lawrence, born in Michigan, the author ... problem with becoming a greater man of God is that I have to be ...
(Date:8/18/2017)... ... ... Mandate for Kingdom Builders”: a call to walk as citizens of the Kingdom and ... published author, John F. McGeorge, Jr. Dr. John F. McGeorge Jr., B.A., J.D., ... three decades training pastors and Christian leaders. He also met his wife, Valerija, ...
(Date:8/18/2017)... ... ... “Case #10-5411 Veterans Administration”: a personal account of corruption ... Administration” is the creation of published author, Carol Mulhern, single mother of two ... work at the Coatesville VAMC as a file clerk then later became the ...
(Date:8/17/2017)... ... 2017 , ... The award-winning producers of the Innovations with ... for Therapeutic Recreation Certification (NCTRC), slated to air nationwide, fourth quarter 2017. Check ... non-profit, international organization dedicated to professional excellence for the protection of consumers through ...
(Date:8/17/2017)... ... 17, 2017 , ... CARF International announced that Inland Detox, ... drug and alcohol detox program. This accreditation decision represents the highest level of ... conformance to the CARF standards. , Behavioral health organizations receiving a Three-Year Accreditation ...
Breaking Medicine News(10 mins):
(Date:8/7/2017)... GAITHERSBURG, Md. , Aug. 7, 2017 /PRNewswire/ ... for healthcare member acquisition, retention, and engagement, announced ... Director of Strategy and Product Development, effective as ... strategic consulting and technology implementation strategy for our ... years of experience in consulting and business analytics ...
(Date:8/4/2017)... ROCKVILLE, Md. , Aug. 4, 2017 ... during or shortly after a physician/patient consult has long ... industry, and was a notable focus of the largest ...  This is according to healthcare market research firm Kalorama ... of care testing (POCT) offerings or related supplies and ...
(Date:8/2/2017)... Flight Network and PeaceHealth Oregon Network announced they renewed a ... efficiency for patients at hospitals in Eugene ... , and Florence, Oregon , who ... work collaboratively to move patients who require the highest level ... emergency exists. PeaceHealth ...
Breaking Medicine Technology: