|By Marketwired .||
|June 26, 2014 06:00 AM EDT||
LOS ANGELES, CA -- (Marketwired) -- 06/26/14 -- Richard W. Gayton, RIA, a longtime global wealth manager and registered investment advisor, today announced the launch of Lakeside Virtual Family Office, LLC (LVFO). Located in Toluca Lake, CA, LVFO is an investment practice comprised of a virtual team of prominent and experienced advisors who coordinate the affairs of ultra high net worth individuals, families and foundations who have Assets Under Management (AUM) in excess of $25 million. Similar to a financial concierge service, LVFO bundles many valuable services in singular network to accommodate clients' needs in the U.S. and abroad.
"While Family Offices are not a new concept, Virtual Family Offices are very new, and as such, we are privileged to be introducing this option to our portfolio of services," states Mr. Gayton. "Most family fortunes dissipate within three generations. LVFO's sole function is to centralize the management of a significant family fortune. Our services provide comprehensive estate, real estate, financial services, and financial oversight of all investments. By doing so, we can ensure longevity for our clients' family fortunes and help them build and maintain a legacy rather than dissipate or fractionalize large sums based on the diverging interests or needs of separate and conflicting individuals."
What distinguishes LVFO from other wealth management firms is that it is especially focused on tax efficient strategies of liquid assets. In addition, drawing on Mr. Gayton's 29 years and over 50,000 hours of experience, both locally and overseas, LVFO draws upon a virtual team of prominent and experienced advisors who coordinate personal needs, private wealth management, estate planning, tax planning and succession plans for a select clientele of ultra, high net worth individuals and families.
Similar to a financial concierge service, LVFO bundles many valuable services under the same roof to provide the expertise and the availability to accommodate its clients' various needs. Drawing on the expertise of an ensemble of professionals, its virtual family office advisors determine the best overall strategy to meet the needs of its clients by putting into place and managing a comprehensive plan that grows and adapts with the family.
"We look forward to providing an added level of depth, expertise, and flexibility to our clients' lives as it concerns managing and helping them with difficult financial issues," says Mr. Gayton. "We can take on any issues that arise -- however sudden or many -- and respond with timely and comprehensive plans that combine the wealth of knowledge of several experts working together for the good of the whole."
Richard W. Gayton, CEO and founder of Lakeside Virtual Family Office, LLC, has spent nearly 30 years working on Wall Street, providing financial advice and seeking both traditional and alternative investment strategies for high net worth clients. Mr. Gayton received a Series 7 license in 1985 followed by a Series 66 license, which has allowed him to manage funds on a discretionary basis for a wide range of clients. His flexibility and problem-solving skills are responsible for finding uncommon profits in common places. Active in charitable and business organizations, Mr. Gayton has served on the board of the Salvation Army, the Food Bank of Southern California, Leadership Southern California, and as a member of the Los Angeles Committee on Foreign Relations.
For more information on LVFO, please visit: www.lakesidevfo.com.
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