Cost is an important factor when considering how to create your Wealth Management Process. This post compares the costs and benefits of using a family office to for your wealth management and describes real scenarios of how this is done.
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 you can’t simply buy success off...
Essentially, a family office is like your personal CFO. A family office does all the tasks that your accountant, your investment advisors, your lawyer, and your bankers won’t do. My clients tell me I’m like their Consigliere. A consigliere is a close, trusted advisor and confidant, or a kind of “right hand man”. I jokingly describe that...
Accountants can be valuable members of your financial team, but wealthy investors often get frustrated by their accountants or don’t use them to their full potential. This post offers some ideas about how to work with your accountants so they can become more valuable to your financial life.
Private foundation governance is an important topic for families with multi-generational wealth. This post describes what a private foundation is and how responsibility can be transitioned to next generation family members.
Your family office is your most trusted advisor and who you rely on the most to provide you and your family with financial peace of mind.
This post will illustrate an example of how an investor re-positioned their portfolio to reflect their ESG values.
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.
An Investment Policy Statement is a written document that describes the strategy for an investment portfolio. This post will introduce you its importance.
