Millennial money advice for new tech millionaires: just say no to robo advisors by theothersarahh
When Xi Qiao left home in Los Angeles to attend the University of California, Berkeley, on a full scholarship, her mother gave her just $80 in spending money to get her through her undergraduate years."She told me, 'if you need money, make it on your own,'" Qiao recalls.
"That's where I really developed a lot of my skill set for this career," she says."A lot of it is sales and marketing in the beginning. You have to find your own clients so you can manage money." The clients are founders, entrepreneurs, and venture capitalists, most of whom have acquired significant wealth, often in the form of employee stock after tech IPOs, in a very short amount of time. They are split relatively evenly between the United States and China and Hong Kong, where Qiao travels about three times a year.
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