E46: Investment Management Law with George Lee with FBFK Law

Summary

In this episode of Alt Investing Made Easy, hosts Sarah Florer and Roland Wiederaenders interview George T Lee, a seasoned attorney specializing in investment management and family offices. The conversation covers George's background as a third-generation attorney, the evolution and institutionalization of family offices, the complexities of SEC regulations, and the importance of investment advisors in protecting investors. They also discuss the challenges of navigating private securities and the potential future regulations surrounding the investment landscape.

About Our Guest

George T. Lee is a highly respected corporate and securities attorney with decades of experience advising small businesses, private equity funds, hedge funds, registered investment advisers, and family offices. Known for his deep legal knowledge and practical, business-minded counsel, George has served as both inside and outside general counsel to his clients, giving him a unique perspective on what truly matters to investment managers.

Throughout his career, George has worked with firms of all sizes—from emerging fund managers to well-established financial institutions—helping them navigate complex ownership structures, regulatory landscapes, fund formations, investment management agreements, prime brokerage relationships, and mergers and acquisitions. He has extensive experience with SEC, CFTC, and Texas Securities Board registrations and examinations and is a recognized authority on the family office exception to investment adviser regulation.

Connect with George on LinkedIn: https://www.linkedin.com/in/georgelegal

Takeaways

-George T Lee is a third-generation attorney specializing in investment management.

- Family offices have become more institutionalized in recent years.

- The SEC faces challenges in enforcement due to limited staff.

- Regulations are designed to protect investors from past financial crises.

- The U.S. has the most efficient and respected markets globally.

- Investment advisors have a fiduciary duty to their clients.

- Qualified clients are required to invest in private equity.

- The investment landscape is complex and often likened to the Wild West.

- Future regulations may impact how finders operate in the investment space.

- Understanding the role of family offices is crucial in wealth management.

Titles

Navigating the Complex World of Family Offices

The Evolution of Investment Management

Chapters

00:00 Introduction to George T Lee and His Practice

02:36 George's Background and Career Path

05:11 Understanding Family Offices

07:43 The Role of Family Offices in Wealth Management

10:32 Investment Advisor Regulations and Family Offices

13:20 Navigating the Wild West of Private Securities

15:49 The Importance of SEC Regulations

18:28 Democratization of Capital and Investor Protection

21:15 The Role of Investment Advisors

23:46 Personal Insights and Interests of George T Lee

26:27 Future Regulations and the Finder Rule

Sponsored by:
Real Advisers, Austin, Texas

Video and Podcast Production by:

Red Sun Creative, Austin, Texas: https://redsuncreative.studio

For more information: AltInvestingMadeEasy.com

Please contact us: [e-mail]

Roland Wiederanders: [e-mail]

Sarah Florer: [e-mail]

Disclaimers:

“This production is for educational purposes only and is not intended as investment or legal advice.”

“The hosts of this podcast practice law with the law firm, Ferguson Braswell Fraser Kubasta PC; however, the views expressed on this podcast are solely those of the hosts and their guests, and not those of Ferguson Braswell Fraser Kubasta PC.”

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