Category: Family CFO
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Modern Wealth Management: Bridging Generations, Values, and Technology
Wealthy families are facing complex challenges that span generations. Whether it’s transitioning from traditional methods to modern digital systems, aligning portfolios with contemporary values, or navigating the emotional side of wealth transfer. These challenges often involve more than just financial considerations—they encompass tax issues, values, and family dynamics. By bridging generations, values, and technology, our…
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How Much Cash Should Be in Your Portfolio?
How Much Cash Should Be in Your Portfolio? If I told you your portfolio grew from $40 million to $140 million over the past decade, you might immediately feel a sense of satisfaction. After all, that’s remarkable growth by any measure. But what if I told you that if you had simply used an ETF…
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Impact Investing for Foundations: Are You Ready?
Impact investing for foundations is a hot topic, but often mis-understood. This post will demystify impact investing for foundations by providing practical advice to aid your foundation’s impact investing journey. Impact investing has become a powerful tool for foundations looking to align their financial strategies with their mission. By making investments that generate both financial…
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Investing for Climate: Strategies for Sustainable Wealth Growth
As the urgency of climate change continues to grow, more investors are recognizing the importance of integrating climate values into their investment portfolios. Investing for climate is not only a moral imperative but also a strategic approach that can yield long-term benefits. For family office investors, incorporating climate and environmental sustainability into their investment strategy…
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Is a Family Trust a Good Idea?
Is a family trust a good idea? Picture this: a maze of family trusts, promising shelter for assets and strategic tax benefits, yet concealing hidden complexities that could trip up even the most seasoned investors. While family trusts offer a shield against creditors and a cloak of privacy, are they truly the holy grail for…
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What Does a Family Office Do?
What does a family office do? Great question! As a personal CFO, our family office is focused on reducing the administrative burden of wealth, so that our clients can focus on more important parts of their life. Whether this is their family, friends, health, spirituality, or philanthropy. We act as their personal CFO, providing comprehensive…
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Family Foundations Challenges and Solutions
Family foundations are often formed with the best intentions. But, like many family businesses, family foundations also struggle to survive past the founding generation. What are the biggest family foundation challenges preventing success? Overcoming the issues that cause family foundations to fail is crucial for ensuring their longevity and effectiveness. Here, we’ll briefly highlight the…
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Essential Guide to Cottage Succession Planning
Cottage succession planning is one of the most emotionally charged and difficult aspects of an estate plan. Unlike a stock portfolio, cottages are touched by emotions, memories, and can’t be easily divided in the same way between your heirs. Therefore, cottage owners face unique estate planning challenges. So, this post will describe the key elements…
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Estate Administration: Step-By-Step Guide
In the world of estate administration, finding common ground with more universally understood experiences can offer valuable insights into the complexities and demands we might encounter. One analogy that brings this perspective to life is comparing the process of administering an estate to the detailed and prolonged effort required in cultivating a garden. Both endeavors,…
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What Is a Family Office?
What is a family office? A family office is a private wealth management advisory firm that exclusively serves wealthy investors. Some groups in Canada have attempted to define family offices with limited success. Since, there is no consensus about what family offices are and which services they provide. Adding to the confusion is the fact…