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Perspective

Mar. 18, 2009

Financing With the Stars

A "family office" model can be the best way to manage the wealth of entertainers.

By Daniel J. Scott

If there is one cliché that I would love to do away with, it is that of the entertainer who, after achieving great success and fortune, is left penniless. How can this keep happening? While the reasons may be complex and varied, at least one solution is fairly simple - you guessed it, the family office.

The concept of a "family office" has been around in some form or another for quite some time. In recent years, however, the term...

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