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 that many investment advisors are masquerading...
Let’s make 2024 a year of renewed focus and productivity for family offices. Whether it's about refining purpose, enhancing reporting mechanisms, proactive tax planning, clarifying roles, or embracing simplification. In this post, we delve into "5 Improvements Your Family Office Can Make". Offering insights and strategies that are not just about preserving wealth, but about enriching the legacy and impact...
Wealth can be a powerful tool in crafting a purposeful, fulfilling life. However, managing it effectively and living a balanced life can be challenging. Conduction wealth management for purpose is especially challenging. Here are five ways to live positively with wealth, ensuring it enhances your life and the lives of those around you. 1. Create a Sense of Personal Security and...
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 will define your family's legacy....
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 varied forms of capital that often...
We've all come across the adage, “With great wealth comes great responsibility”. It’s not just a throwaway phrase but carries profound wisdom, especially for those who have been fortunate enough to accumulate substantial assets. Successful wealth stewardship is challenging. So, this post will offer both wealthy parents and their next-gen heirs with some tips to help them achieve success. A Personal...
In the era of digital trading platforms and zero-commission brokers, investors have never had it easier. With tools at our fingertips and little to no fees, we have the luxury of making stock market investments efficiently. However, with all these resources, a staggering number of both novice retail and seasoned professional investors still fall short of outperforming passive benchmarks. How...
Congratulations! You've successfully sold your business. As you close one chapter of your entrepreneurial journey, a new horizon emerges: the world of wealth management and investment. Transitioning from an active business role to managing an investment portfolio is a distinct shift, both in terms of responsibilities and mindset. In this blog post, we'll describe this transition, outlining the differences, challenges,...
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 your financial stability. This is...
Living a wealthy life is not just about accumulating money and material possessions. Living a wealthy life is about focusing on experiences, relationships, and personal growth. This post will explore how to live a wealthy life by providing some practical tips and strategies; both financially and emotionally. Define What a Wealthy Life Means to You The first step to living a wealthy...
