Inter-Generational Wealth Management
Transforming Family Wealth
When our clients begin working with us, they are starting a unique long-term relationship. Wealth management is an ongoing process to help guide you – and your family – through each stage of your life. We take the time to develop a thorough understanding of you and your family and what matters most to you.
The steps for educating the family are different for everyone but generally:
- Making the family members aware of the various structures.
- Beginning to involve the children in general discussions (rates, economics, macro etc.).
- Beginning to allow the children to observe quarterly decision-making in the holding companies.
- Eventually allowing the children to participate in decision-making.
We follow a disciplined process to keep you on-track to achieving your goals.
This process keeps us all focused on what’s important – helping you live life they way you want.
General Steps We Follow
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Meet with our Wealth Management Group including our internal lawyers and tax advisors to analyze the structure of the estate as it currently stands.
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Consider potential structural changes to minimize tax.
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Consider potential structural changes to ensure the passing of control is as per the client’s wishes.
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Build a financial model that projects the cash-flow and income requirements of the family.
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Determine the correct asset allocation from the model.
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Build out a portfolio to match the allocation demanded by the model. This portfolio can be ETFs or stocks and bonds, depending on clients’ wishes.
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Plan to meet quarterly, potentially rebalance.
