When the investment piece of your estate is handled by multiple managers, as your advocate
we are your manager of managers. We can put a platform together or work with an existing
one. Our high level of success in this area is based on our ability to integrate multiple
manager platforms.
When your family wealth is concentrated in an illiquid asset that you don't want to sell, as
your advocate our job is to help you evaluate strategic alternatives and position you for
transition to future generations.
Presenting alternatives, assigning the team
"Achieving clarity on what the wealth is for is essential to managing it in ways that support
the culture of your family and fulfill the needs of individual family members."
When the aging patriarch of large extended family recently asked for an opinion on an
offer he had received for his company, his request was well within our service offering.
However, the real issue was whether a sale was in the interest of the patriarch—in light
of his goals for his family. What were his wishes for the children within and outside the
business? Should this remain a family business or should the family wealth migrate from
business to portfolio wealth? Working with our team and his family, the patriarch was
able to identify and deal with the following issues:
- Do the family's goals include giving employment and satisfaction to children or
grandchildren—even if the profits might be greater if sold?
- In the event of a sale, should it be to younger family members or to employees or to
outsiders such as competitors, investment bankers or a large business conglomerate?
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