Multi-Family Office Investor Mandate Interview with Michael
Multi-Family Office Investor Mandate Interview
Capital raisers and fund managers who want to understand how a multi-generational family firm with an investment advisory arm describes its mandate and preferred sectors.
Summary
Michael, a partner and managing director at a fifth generation family firm founded in Canada in 1873, describes his investment mandate in a short interview with Richard C. Wilson. The firm is headquartered in Nassau and opened an investment advisory firm in Miami in June 2019. Its approach is conservative and value oriented, with bespoke portfolios built for each client.
The family runs three funds, an income fund, a real estate fund and an opportunity fund. Michael says the firm is trimming government related fixed income ETFs, holding elevated cash and waiting to buy quality equities at better entry levels. Areas of interest include pre-IPO companies, artificial intelligence, fintech and real estate. His one piece of advice for investors is to stay calm and hold cash.
Five points worth keeping
- Conservative, value oriented mandate. Michael describes the family as traditionally conservative investors who lean toward a value philosophy. Portfolios are customized for each client on a bespoke basis.
- Three funds already built. The family has launched an income fund, a real estate fund and an opportunity fund. The firm is now talking with friends and family about investing alongside it.
- Cash and patience on public markets. The firm is reducing government related fixed income ETFs, which Michael believes are overpriced. It keeps cash levels elevated and plans to build quality equity positions as the market approaches a bottom.
- Sectors on the watch list. The investment committee looks at pre-IPO companies, artificial intelligence, fintech and real estate. Michael calls these core investments for the family.
- Hold cash and wait. His top advice is not to panic, not to sell, to hold cash and to wait for opportunistic investing.
Quotes from the session
"We are traditionally conservative investors, leaning toward a more value-oriented philosophy."
"We create highly customized and tailor-made portfolios for our clients, and everything we do is on a bespoke basis."
"Don't panic, don't sell, hold cash, and wait for opportunistic investing."
Facts and figures
- The family is fifth generation, from Canada, and dates to 1873.
- The firm established an investment advisory firm in Miami in June 2019.
- The family runs three funds: an income fund, a real estate fund and an opportunity fund.
Sources
From Richard C. Wilson's Centimillionaire Strategies YouTube channel: Multi-Family Office Investor Mandate Interview. Quotes come from the video captions, lightly edited for readability. Figures are the speakers' own estimates and experience.
General education only. Not legal, tax or investment advice.
Talk to a securities attorney to explore options around investment advisory registration, fund offering rules and co-investment structures. Do not use AI to write your own legal agreements.
Related questions
- How do I close a funding round?I close a funding round by focusing on investors who fit the opportunity and moving each interested prospect through clear, consistent follow-up.
- What documents do investors request during due diligence?Prepare a clear, organized package covering your operations, investments, compensation, team, and track record.
- How do I raise capital for my business?I raise capital by building a repeatable system for attracting the right investors, establishing credibility, and developing relationships before asking for money.
Questions about this video
What sectors does Michael's firm look at?
The firm looks at pre-IPO companies, artificial intelligence, fintech and real estate. Michael describes these as core investments for the family.
What funds has the family created?
The family has populated three funds, an income fund, a real estate fund and an opportunity fund.
What is Michael's main advice to investors?
He advises investors not to panic and not to sell. He says to hold cash and wait for opportunistic investing.
Put this into practice with the family office fit check. See all investor mandates resources.
