We assist client families to develop an owner strategy and multigenerational wealth strategy that include:
Creating an owner strategy for the owners, their joint assets, and important activities, which involves:
- Creating a future vision for the owners’ assets and activities (how they will create value according to their values)
- Identifying the owners’ goals, needs, risk appetite, capabilities, and other targets
- Analyzing current holdings (businesses and investments) and activities
- Analyzing risks and threats to value creation, the businesses, family office, investments, assets, activities, and the family
- Projecting future growth to achieve multiple goals through different scenarios
- Recommending a portfolio of assets and activities to achieve the owners’ goals
- Recommending how to own assets through different ownership structures (including trusts)
- Architecting governance to fit and integrate this enterprise
- Developing a tactical action plan to execute and a monitoring plan to measure progress and oversee the owner strategy
- Supporting the owners to build consensus and align around their owner strategy
- Engaging the next generation and preparing them to become the owners this enterprise needs
Advising on strategic investment decisions, such as:
- Diversification strategy
- Capital sourcing
- Entrepreneurship strategy
- Acquisitions
- Direct Investments
- Selling the family business
- Post-liquidity preparation and organization
- Preparing for an IPO
Assisting the family with the design, implementation, and benchmarking of their Family Office by:
- Determining what type and scale of family office is needed, such as a single family office, multi-family office, hybrid, or other options
- Designing the right family office model and services tailored to the needs of the family
- Supporting the setup and implementation of the family office organization
- Architecting governance for the family office
- Reviewing on a regular basis the performance of the family office
Supporting the owners in developing owner governance, investment governance, and family office governance. A well architected, integrated governance system allows the owners to remain strategic, united and decisive, and maintain control and oversight of their wealth and advisors:
- Designing and facilitating owner-level governance: Investment Committee, Family Office Board, Portfolio Board, Owners Council, and other governance forums
- Developing an Investment Policy Statement to guide family investment decisions
- Developing a Dividend Policy
- Advising on the consolidated reporting and dashboard that a family should review on a regular basis
- Strengthening operating company boards
- Integrating the various governance forums to coordinate, align, and best serve the enterprise
- Creating mandates from the owners to the various governance forums to execute the owner strategy
Preparing the owners and family for future financial needs and events, such as:
- Developing the next generation to be capable owners and board members
- Liquidity planning for future needs
- Developing an internal liquidity program
- Dividend planning, to integrate family/owner needs with business/growth needs
- Planning for the buyout of owners
- Inheritance strategy
- Developing an M&A strategy; preparing to make an acquisition
- Selling businesses and assets
- Preparing to take a company public or private
Preparing the next generation to be capable owners and board members:
- Building skills, mindsets, and teamwork in the next generation of owners
- Education, training, and development on the vital role of owners and an owner mindset
- Individual tutoring and coaching to become an active owner and board member
- Visioning: designing the enterprise and governance for the next generation
- Workshops to build the owner team
- Exercises to practice building consensus and making owner-level decisions
Educating the owners and family on financial topics, such as:
- The vital role of owners and the owner mindset
- What we own, how we own it, and how it is performing
- What is owner strategy, and how active owners lead and execute the strategy
- How to build multigenerational wealth: the financial and non-financial ingredients and pathways
- Common liquidity challenges as families grow, and how to anticipate and address them
- Corporate portfolio strategy
- Liquid portfolio strategy
- Do we need a family office? What are the options?
- Orientation to: Investing, Diversification, M&A, Direct Investing
- Entrepreneurship strategy and governance for a family enterprise
- Financial literacy and investment literacy on a range of topics
- Raising financially responsible kids
BEGIN WITH A HEALTH CHECK
A useful place to start is with a Health Check, which is a review of the family's Investment Strategy and Investment Governance. This check-up reviews the family’s investment portfolios, investment returns, risks, costs, reporting, and governance. It provides:
- An overview of these aspects of a family's portfolio, which offers transparency to families who have outsourced or delegated these activities and may be unaware of them
- Identification of possible shortcomings and areas for improvement for investment returns or investment governance
- Recommendations for improving investment oversight to ensure the family remains in control of its wealth, and retains permanent oversight on its investments, managers, banks, and advisors
Contact Us to explore a Health Check for your family's wealth.