Plan / Process / Priorities
As part and parcel of a multi-disciplinary, family enterprise philosophy we work with your existing internal and external advisor group to:
Plan
There are only two possible financial outcomes for the mass affluent.
- Outcome #1 : The money outlives the people. Through this door lies all earthly happiness in retirement. First we know that we’re in the process of being outlived by our money. And that allows us to preserve the two most important qualities of life in retirement: our dignity and our independence. All the happiness of seeing our capital grow even as withdrawals increase to keep pace with costs of living – allows us to intervene meaningfully in the lives of those we love. We may help fund the education of our grandchildren, leave significant legacies to our heirs, and perhaps repay in some measure the blessings we received from our school, church or hospital. All of this happiness proceeds from – and only from – Outcome #1.
- Outcome #2 : The people outlive the money. Through this door: the gradual extinction of dignity and independence. The death of any hope of legacy.
The one and only thing that will determine which door we ultimately pass through will be the presence or absence in our lives of a formal written, date-specific retirement accumulation plan.
Hence why planning is everything, nothing more, nothing less and nothing else in how we serve suitable clients.
Process / Philosophy
The single system advisory philosophy is all about provision of solutions and content. The multi-disciplinary family enterprise advisor philosophy is all about the family being engaged in coming up with solutions for themselves. The process and philosophy is subtly and powerfully different.
Priorities
The greatest failure tends to be in relation to execution. Individuals and families become overwhelmed with the amount of action items and related accountability. Our process results in the family identifying and ranking their priorities and being fully involved in coming up with their own action plan. When those priorities are completed, the family works on the next priorities. Let’s face it, life would be simple if it were linear and straight forward wouldn’t it?
