Category: Administrative Support
-
Managing Capital Calls: Best Practices for Family Offices
Family offices investing in private equity and venture capital must navigate the complexities of capital calls. From maintaining liquidity to ensuring accurate reporting, timely execution requires careful planning and strong operational processes. This guide covers key strategies to streamline capital call management for family offices with dedicated administrative support. Cash Management: Building Policies into Investment…
-
How Do I Stay Involved While Stepping Back?
Transitioning wealth to the next generation is key to your financial legacy. But, staying involved in your family wealth while “stepping back” doesn’t mean losing control—it means having a more strategic role. Reducing administrative burden allows you to focus your time on fostering the success of the next generation. And, helping your kids understand your…
-
Do You Need a Family Office?
Imagine having a personal CFO for your family’s finances – someone who’s got your back, simplifying the complex world of money management while aligning it closely with what matters most to you. Today, many advisors claim to be your personal CFO. When in fact, they must focus on their area of expertise instead. That’s where…
-
Investment Memos: Essential Tools for Informed Investing
Investment Memos highlight the distinction between well-considered financial decisions and hasty gambles. This unassuming yet powerful tool is pivotal in crafting a disciplined investment strategy, one that is guided by clear governance and a consistent decision-making process. Rather than by feelings and emotions. This post will describe how investment memos are a powerful tool for…
-
Family Office Cybersecurity Tips
Modern family offices have transitioned away from paper records towards digital record keeping using secure e-mail and cloud storage. The result is increased workflow efficiency and the ease of sharing information with professional advisors. But, the transition to online communication and cloud storage also means family offices need to manage the associated cybersecurity risks carefully.…
-
Keeping your Holding Company in good standing
Managing a holding company (“holdco”) successfully includes keeping accurate records and performing administrative tasks. Missing some details might mean your holdco fails to comply with tax laws. But also, failure to administer your holdco properly could mean you waste time in the future cleaning up messes or wasting time searching for information. This post describes…
-
Your Wealth Management Process
The wealth management industry has become increasingly sophisticated when selling us financial services. They come up with “holistic solutions” to our financial “problems” and tap into our emotions in an effort convince us to pay them. The truth is, like most important things in life, there is no “quick fix” to managing our finances and…
-
5 Threats Wealthy Investors Face and How to Overcome Them
Wealthy investors have many of the same fears as everyone else, the stakes are just higher when you’re rich. This post describes five common threats wealthy investors face and how to combat them. Cybersecurity We live in a world of many passwords and we share information with our professional advisors and bankers through e-mail and…
-
Family Mission Statements
For ultra-high net-worth families, the burden of preserving and transferring wealth to future generations is one of life’s greatest challenges. This post describes how to define your family values and create a mission statement that will guide your wealth management process.
-
Your Investment Policy Statement
An Investment Policy Statement is a written document that describes the strategy for an investment portfolio. This post will introduce you its importance.