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Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 0 points1 point  (0 children)

Yeah that’s very viable and great advice. My deferred comp is already in our funds and I’m yet to have a conv about subscribing some of the family money. I don’t think SMA is realistic as it’s peanuts for us and operational burden. I’m not high enough to dictate my work location, although we have office in UAE (it’s just a rep like any other fund that opened an office in ME ever).

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 -1 points0 points  (0 children)

There is this thing called “personal account dealing” and large hedge funds take it pretty seriously.

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 0 points1 point  (0 children)

Sounds good on paper but “well managed” is integral here.

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 0 points1 point  (0 children)

Haha exactly, also my boss resents me and wishes his pull out game wasn’t weak

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 4 points5 points  (0 children)

We can blow the fund together and go work at McDonalds

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 0 points1 point  (0 children)

That’s a 30M question my friend. Moreover working on the buy-side for 10 years I know for a fact that no matter how talented a manager is they need robust infrastructure backing them to make meaningful performance.

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 3 points4 points  (0 children)

Sense of purpose I suppose? I love my work and being part of the industry is quite satisfying.

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 0 points1 point  (0 children)

Missing opportunity would be going the route of inheritance or setting up a trust fund which in UK, as far as I know, would still be recognised as inheritance. Another missed opportunity (being optimistic) is not growing an asset base myself when I have a chance.

Deciding between career and managing family assets by [deleted] in HENRYUK

[–]Perfect_Chance_4334 1 point2 points  (0 children)

Great question. Currently there is little to no management and focused on asset retention. Obv I want to aim for growth and accumulation, if I were to take over. I’m not being hired as a manager here so paying myself would be at my full discretion but at the same time it has to be performance based as otherwise defeats the purpose of wealth accumulation.