Ed Lyon makes another appearance on the podcast to talk about something that’s going to revolutionize the financial services industry — the Fractional Home Office. By bringing together all the related financial services and putting them all under one roof, Fractional Home Office will reduce the amount of taxes people pay, and change the way they approach their finances. Ed and John discuss who the Fractional Family Office is targeting, why data plays such a huge role, and how it’s going to change the way Americans get their financial services. Tune in to find out more.

 

Key Takeaways:

[:19] John introduces his guest for this episode — Ed Lyon.

[1:09] Ed and John discuss how the Fractional Family Office is all about putting all the financial services under one roof.

[6:46] The Fractional Family Office operates on the premise of lowering taxes.

[9:49] Ed created a spreadsheet on the risks associated with some of their proposed tax strategies. He explains more about it, and how it reduces audit risk.

[16:13] What’s the big deal about a family office?

[22:28] The owner of the Fractional Family Office cannot be a financial adviser. Ed explains why, and what the requirements are for a CPA or accountant to be part of the Fractional Family Office.

[25:18] It’s not just about the services provided, it’s about the data.

[29:04] It is an interesting problem when someone has all the data but isn’t using it. The Fractional Family Office targets this problem.

[37:03] The market is moving away from numbers-in-boxes because AI and robots will be able to handle the basic accounting tasks.

[42:07] The goal with Fractional Family Office is to change the way Americans get their financial services.

[43:03] The launch date for Fractional Family Office is the 1st of August, 2019.

 

Mentioned in This Episode:

Ed Lyon

Other Financial Gravity Podcast Episodes with Ed Lyon

Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, by Annie Duke

Tax Master Network

Tax Master Network on Facebook

Financial Gravity Wealth

Peter Diamandis

“Amazon plans to retrain 100,000 employees,” CNN Business

“Hold ’Em or Fold ’Em? This A.I. Bluffs With the Best,” The New York Times

Financial Gravity Podcast Episode 125: “Matt Pearson — Fractional Family Office 001”

The Fractional Family Office Manifesto