Episode 36

Published on:

26th Sep 2023

Advance Your Wealth - Should You Have a Family Bank?

Family banks are a tool that some very wealthy families use for a number of reasons, and they’re increasingly being adopted by more and more families across the net worth spectrum.

On the latest episode of Advance Your Wealth, we’re looking at whether family banks could be a smart move for you!


0:06 - Introduction and overview on the topic of the show

1:15 - What is a Family Bank?

2:28 - What is a Family Bank ultimately used for?

3:39 - How a Family Bank supports a family and fosters financial intelligence

5:04 - A Family Bank can help people with their business-building desires

6:33 - Family Banks are meant to be a formal solution within your estate

7:50 - Family Banks can offer custom solutions to help address family needs overall

9:17 - Who can leverage a Family Bank?

10:42 - How a family sets up and utilizes their Family Bank over time

12:46 - How to get in touch with Homer and his team to discuss Family Banks

14:20 - Closing remarks

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About the Podcast

Advance Your Wealth With Homer Smith
Financial advice to generate the results you expect and desire
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement.

Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.

Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.