Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
Family Offices Aren't Just For Billionaires, Here's What They Actually Do Pt. 1 with Grace Mathews | EP 79
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In this episode of Investing for Doctors, Dr Bi sits down with Grace Mathew, Managing Director of WeThink Group, to unpack what family offices actually do differently and why succession planning fails even at the billion dollar level. Grace spent years running investment strategy inside a single family office linked to the family behind Coca Cola, before going independent to advise family offices, funds and ultra high net worth families around the world.
We cover what a family office actually is, how it differs from simply having a lot of money, why less than a third of family offices managing over $1 billion have a proper succession plan, and why the biggest wealth transfer in human history is about to land on a generation that was never taught how to manage it. We also break down single versus multi family offices, what it actually costs to set one up or join one, and why family office structure is just as much about protecting wealth as it is about growing it.
This is part one of a two part conversation. In part two, Grace and Dr Bi get practical, how doctors can start borrowing these exact strategies no matter their net worth.
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TIME STAMPS:
00:00 Intro/Hook
1:31 Meet Grace Mathew, Managing Director of WeThink Group
2:00 Grace's origin story into the family office world
3:04 What a family office actually is
5:46 How she became Managing Director of a family office linked to the Coca Cola fortune
8:59 The real numbers, family offices manage over $1 billion yet most still fail to plan
10:36 The biggest wealth transfer in history is coming, and most heirs aren't ready
12:26 Single family offices vs multi-family offices
16:56 What it actually costs to set up or join one
19:23 What family offices actually invest in (hint, it's not ETFs)
20:26 Family office vs. high-net-worth individual, what's really different
23:49 Family office structure isn't just about growing wealth, it's about protecting it
24:38 Why family offices are now looking offshore
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SHOW NOTES LINKS
https://ifdgroup.com.au/
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
WeThink Group: https://www.wethink.group/
Grace Mathew: https://au.linkedin.com/in/gracemathew-
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FIND US HEREWebsite: https://ifdgroup.com.au/
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
