Many families remember when life was far more humble for them and they fear that unless they protect their wealth, those days could return. By far, their deepest financial worry is suffering a personal financial crisis.
A family that clearly cares about itself can build enduring wealth, but it takes dedication and effort.
The family constitution sets up the structure for exercising authority and resolving conflict.
How well your investments performed in the short term compared to the DOW or S&P 500 does not explain how well you are proceeding toward attaining your overall objectives.
Investors have a tendency to zero in on the return of the individual investments but the policy statement should concern itself with the net return after taxes, expenses, fees and inflation.
No one has a crystal ball, and no matter what the next economic environment is, your portfolio should perform in a predictable fashion because the risk is spread out among various asset classes that behave independently during different economic environments.
For wise Ultra-high net worth families, there comes a point when those concentrated, high-risk positions hold little in the way of thrill and instead seem frightening.
Don't fall for the pitch; They all have something they believe is unique and it often involves making bets with your family's fortune!
In our twenty-five plus years in the business, we have yet to discover anybody who has been able to predict interest rates accurately.
If you are not dealing with the top 2 to 4 percent, then you probably should not be investing in those hedge funds in the first place!
The timing of when money flows in and out of a portfolio, combined with the sequence of the returns, will make a dramatic difference in how much money you will have. The average return alone, even if it seems impressive, does not mean you'll end up with more money.
In the more than a quarter century that we have been in business, we have seen surveys that show the startling truth about how few families of ultra-high net worth have put in place advanced Estate-Planning s strategies.
Over the years that we've worked with individuals and families, we've developed sound, innovative ideas we want to share with you - Insights that will help you mange not only the financial side of your affairs better, but also the non-financial issues and challenges that many families like yours face.
It's about your dreams, your family, and your family's financial future. It's about helping you realize your goals and achieving all that's important to you in life. You have already established a substantial net worth. You wish to protect it and manage it wisely. You want to achieve certain financial goals. You want to work with an ethical, trustworthy, honest, reliable financial advisor who is accessible and objective, has a good track record, gives unbiased advice and communicates with you frequently and clearly.