We assist client families to develop multigenerational wealth strategies that include:
Creating a wealth strategy for a family's “Total Wealth” (all joint assets), which involves:
- Analyzing business and family portfolios
- Analyzing risks and threats to the business, family office, and family assets
- Projecting future growth based on multiple factors and scenarios (e.g. family goals, desired returns, risk profiles, family consumption, and many others)
- Recommending investment and diversification strategies
- Recommending how to own assets through different ownership structures (including trusts)
- Developing plans to grow the family's financial wealth
Advising on strategic investment decisions, such as:
- Capital sourcing
- Entrepreneurship strategy
- Acquisitions
- Direct Investments
- Selling the family business
- Post-liquidity preparation and organization
Assisting the family with the design, implementation, and benchmarking of their Family Office by:
- Designing the right family office model tailored to the needs of the family
- Supporting the setup and implementation of the family office organization
- Reviewing on a regular basis the performance of the family office
Supporting the family in developing an investment and family office governance system that allow the family to maintain control and oversight of their wealth and advisors, such as:
- Designing and facilitating an Investment Committee, Family Office Board, Portfolio Board, Owners Council, and other governance mechanisms
- 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
Preparing the family and owners for future financial needs and events, such as:
- Liquidity planning for future needs
- Dividend planning, to integrate family/owner needs with business/growth needs
- Planning for the buyout of owners
- Inheritance strategy
Educating the family and owners on financial topics, such as:
- What we own, how we own it, and how it is performing
- How to build multigenerational wealth: the financial and non-financial ingredients
- Total Wealth Strategy
- Corporate portfolio strategy
- Liquid portfolio strategy
- How to be a capable, active owner
- Orientation to: Investing, Diversification, M&A, Direct Investing
- Financial fluency 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.