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Wealth building tips may sound like a broken record: invest young, pay off credit card debt and don’t forget to SAVE! This financial advice may sound legitimate (and is if your goal is to build a sturdy financial foundation), but it’s not the answer to cracking the code on wealth creation. This answer may surprise you in its simplicity.
Militello Capital, a greater Washington, DC private equity investment firm, is pleased to announce the acquisition of Cypress Industrial Park, a 256,838 square foot industrial flex portfolio in the heart of the central Florida industrial market in Orlando, Florida. The Portfolio offers the opportunity to acquire a mid-size portfolio in a highly sought after submarket. Cypress Industrial Park was acquired for $18.5 million, with capital support led by financial advisors seeking access to vetted and privately held income-producing real estate investments on behalf of their high-net-worth clients.
Militello Capital, a greater Washington, DC private equity firm, is pleased to announce that it recently exited two multifamily properties. The properties were acquired through QRM Capital, a joint venture between Militello Capital and QR Capital. The properties sold include Hillwood Pointe Apartments in Nashville, Tennessee for $23.4 million and Hampton Oaks Apartments in North Charleston, South Carolina for $12.7 million.
Millennials are in line to inherit a great deal of wealth from their baby boomer parents, while many are already self-made millionaires thanks to the generation’s entrepreneurial nature and commitment to innovation. The transference and accumulation of wealth by the millennial generation presents advisors with both challenges and opportunities.
Our 3D investment philosophy is really an investment model that captures the three most important elements in a High Net Worth Investor's portfolio, which are:
This post was originally published on June 16, 2016 from the RealReport™.
If wealth is best created through a universal wealth creation formula, why has the High Net Worth individual benefited so much from the private markets? It is because High Net Worth Investors have realized the value of the scarce resource. We know that 75% of millionaires created their wealth in the private markets through private operating companies and private real estate and the've injected their financial capital into a resource that cannot be diluted and that is scarce.
Since we know that 75% of millionaires created their wealth investing in private operating companies and private real estate, we know that Stocks, Bonds, Mutual Funds and ETFs are not responsible for creating the majority of wealth in the High Net Worth universe. Dig a little deeper and ask yourself "How is wealth created?"
We've all heard of the 80-20 rule, but what we've found when we look at most RIAs' books of business is that they look more like a 5-95 rule. What that means is the top five percent of an RIA firm's clients are responsible for generating 73 percent of that firm's revenue and 74 percent of that firm's profit. Therefore, the bottom 95 percent of the average firm's clients are only responsible for generating 27 percent of that firm's revenue and 26 percent of that firm's profit. The top five percent are subsidizing the bottom 95 percent.