Big in Miami

MFO_2014Elliot Dornbusch runs a family office in Miami for a select group of clients, and he wants to keep it small. That’s gotten harder in the past two years as the wealthy beat down his doors.

The Billionaire Whisperer

McCrea_ThumbnailWhen Jennifer McCrea — perhaps the best-connected fundraiser in Manhattan — meets a billionaire to ask for money, she almost never schleps to his office, instead choosing neutral ground at a local coffee shop. Meeting musician Quincy Jones, who had his own foundation, helped launch McCrea from the low-key world of university fundraising into big-time philanthropy. Nor will she kowtow to the hedge-fund managers and corporate raiders who, nearing age 50 and having made their first $500 million, want to build something beyond a pile of offshore cash.

The Ultra-Rich are Good Business (for Historians)

Cole_ThumbKaren McNeill, Ph.D., used to teach history at the University of California, Berkeley. In June, she took a job as head of family history with Ascent Private Capital Management, a new unit of U.S. Bancorp (USB) that manages the affairs of ultra-wealthy families. McNeill’s job is to help Ascent’s clients discover their pasts, skeletons and all, and gain perspective on their Gatsby-sized fortunes.
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Money Campers

Money_Camp_ThumbThey call it “money camp.” Twice a week, 6- to 11-year-old scions of wealthy families take classes on being rich. They compete to corner commodities markets in Pit, the raucous Parker Brothers card game, and take part in a workshop called “business in a box,” examining products that aren’t obvious gold mines, such as the packaging on Apple Inc.’s iPhone, not the phone itself. The goal: to learn how to be rich.

Goldman Courts the Rich

Goldman_ThumbThe conference started with a cookout at the Mandarin Oriental hotel on Elbow Beach in Bermuda and ended with a talk by 23-year-old Lauren Bush, an antihunger activist, former model and niece to President George W. Bush. In between, executives at Goldman Sachs Group Inc. taught scions of wealthy families how to invest in hedge funds.

Managing Money for the One Percent

Threshold_ThumbBeneath a pine-fringed park in Gig Harbor, Washington, on the banks of Puget Sound, George Russell is hunting for mega-millionaires. Russell, 73, runs Threshold Group, an investment boutique catering to some of the most-exclusive — and sought-after — clients in private banking: families worth more than $100 million.