Category: Family CFO
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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…
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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…
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Values Based Wealth Management
Managing and transferring wealth across generations is a formidable challenge. And often, the most important element is the perspective of the family members, rather than any specific investment strategy. So, at our family office, we understand this journey is about more than just numbers and assets. It’s deeply rooted in values based wealth management that…
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Six Ways to Amplify Your Foundation’s Impact
To improve impact, it’s crucial that all charitable foundations continuously refine their approaches to increase their efficiency. Here, are six strategies to help your foundation amplify its impact: 1. Measure: Choose Metrics and Collect Data Just as businesses gauge their success through Key Performance Indicators (KPIs), charitable foundations should select relevant metrics that capture their…
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Multi-Generational Wealth Management: Strategies for Success
When it comes to multi-generational wealth management, is financial wealth the only capital worth cultivating? While financial capital is significant, considering various aspects of capital, including human capital and leadership, is essential to successfully transition wealth across generations. This post explores some strategies that can aid the transition of wealth to heirs and unearths the…
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Succession Planning for Private Foundations & DAFs
Private foundations are a popular avenue for many high net worth individuals who want to actualize their philanthropic ambitions. In Canada, we have over 6,000 registered private foundations and many more donor advised fund (“DAF”) accounts. But, while setting up a private foundation is an exciting milestone for many charitable donors, an embodiment of their…
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Financial Contingency Plan: A Guide for Wealthy Families
The financial consequences for wealthy families without financial contingency plans are high, as uncertainties are a certainty. Since, the peace of mind that comes with having a substantial investment portfolio can be easily disrupted by unexpected events. Changing circumstances, legal entanglements, unforeseen personal tragedies, or even shifts in tax regulations can pose significant threats to…
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Estate Planning Basics: Working with a Family Office
Markdale Financial Management is our family office dedicated to managing the financial affairs of wealthy investors. One of our key roles of our family office is to coordinate the work of investment and insurance, legal, and accounting professionals when it comes to estate planning. In this blog post, we’ll explore how our family office serves…
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Estate Planning Tips to Avoid Spoiling Your Children
As a wealthy investor, the question of how much money to leave your children without spoiling them is likely one that weighs heavily on your mind. While some might consider this a nice problem to have, it’s still a problem that needs to be addressed thoughtfully and carefully. This blog post explores some tips for…
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Top 10 Problems Your Family Foundation Will Face Without a Succession Plan
Family foundations can play an important role in philanthropy and social impact, but their long-term success depends on effective leadership and governance. Without a succession plan in place, your family foundation may face a range of challenges that can undermine its effectiveness and sustainability. In this blog post, we’ll explore the top 10 problems your…