Earlier quoted context omitted.
Not at 500k. Exclusive private offices start making financial sense in the 160M to 200M range. There are shared private offices below that, but this* gets nebulous with asset management and such. Edit: thst -> this. Mobile autocorrects the wrong "correction"
as someone posted, 500K was like 20 years ago.. it is now a million dollars. and no one said they have 'exclusive accountants'. There are accounting services where you pay them for a few days work and they take care of all your bills for you. I've only met one multi-billionaire in my life and can assure you that he has never seen his bills, let alone pay them. He doesnt even own a smart phone, because he has assistan…
Their quality and approaches are highly varied, but the one billionaire you know probably uses one, as the "never pay bills and no smart phone" is fairly indicative of a family office behind the scenes.