Objective 2:
Help wealthy families preserve wealth

Entrepreneurs who have sold a business, individuals who have inherited substantial wealth, or senior executives who have substantially benefited from their investments and stock options often ask, "What can be so hard about managing wealth?"

As wealth accumulates, so does the number of advisors... attorneys, accountants, investment managers, insurance professionals, trust officers, private bankers... to the point where they may lack coordinated expertise on your behalf.

The capabilities that enabled an individual to accumulate wealth may not be the same capabilities that are required to select, manage, and evaluate advisers who have diverse skills related to income tax, wealth transfer, business succession, retirement, risk management, and investment planning. Moreover, without a coordinated team of advisers, studies show that families often lose much of their wealth by the second or third generation.

Consequently, the family office has become one of the most effective means for America's wealthiest families to centralize and optimize the management of their financial affairs.

"It requires a great deal of boldness and a great deal of caution to make a fortune, and when you have got it, it requires ten times as much wit to keep it."

Ralph Waldo Emerson:
Power from the Conduct of Life