The effective management of wealth is a critical skill for ensuring long-term financial success of wealthy families.
When we take on High Net Worth (HNW) clients, our goal is to ensure your wealth is not only protected and enhanced during your lifetime, nor merely passed on at death, but that your children and family members are prepared and edified on how to handle amounts that can significantly benefit them and their own families (potentially and ideally for generations to come).
Our HNW family process provides the practical insights and knowledge that families need to oversee their wealth while having the ability to trust appointed professional advisers to look after a lot of the grind of ongoing management and intricacies involved.
Our goal is to work primarily with the decision makers within the family unit to make sound commercially rewarding sensible and risk-reduced choices, while also enabling each family member to understand and participate in aspects that directly concern their financial well-being.
We fully integrate with other professionals in taxation, law, finance and property specialities to ensure that all aspects are fully aligned with the goals and objectives identified as most important to each unique family situation.
While the founders and protagonists of the family wealth may already inherently know these aspects from hard experiences garnered over many years, we help ensure successive generations learn the key building blocks and frameworks for successful wealth retention, accumulation, growth and asset protection.
We work with families to create an integrated wealth management strategy that considers the family’s holistic and complete financial picture while taking into consideration individual requirements and known or potential issues to prevent common avoidable and oft times catastrophic mistakes.
Our HNW family process incrementally over time increases family members’ knowledge about the wealth management process and how to successfully preserve, grow and best utilise family wealth to enjoy a befitting lifestyle, while also enhancing their own family security and prosperity.
We help develop the frameworks, tools and skills to better understand and participate in the family wealth management decisions across areas including but not limited to:
Family Legacy
Wealth genesis & key lessons learned
Wealth transition and what it means to the family
Charitable or community concerns and involvement
The importance of appropriate strategies & structures before investing
Taxation, Companies, Trusts, Businesses and Inter-entity relationships
SMSF/Super/Pensions
Estate planning & Wills and trusts
Family capital consideration & allocations
Wealth preservation & Asset protection
Investment planning & Portfolio management
Asset allocation & Risk Management
Direct share selection
Private company/business/equities/opportunities analysis and decisions
Managed funds, ETF’s, LIC’s, Bonds
Property – Direct residential/commercial. Indirect funds, syndicates, trusts, conglomerates
Alternatives, Precious Metals, Cryptocurrency considerations
Family governance
Integrated financial management
Risk management
Selection of professional advisers & specialist firms
Working with our firm helps create a working flexible structure around HNW families’ financial situations aimed to:
- Form a flexible comprehensive wealth management strategy that incorporates family needs, objectives and goals, reflects core values and takes into account personal circumstances
- Protect your legacy by learning to recognize and avoid the hidden traps that diminish family wealth
- Design an investment strategy that works with your lifestyle, implementing a pragmatic investment approach that balances realistic risk-adjusted returns, tax efficiency, prudent asset protections, and layering financial resources & structures for specific time periods and goals.
- Seamlessly incorporate your family business or key assets into cornerstones of your broader wealth strategy.
- Educate, enlighten and then empower family members with various successively purposeful roles in family wealth management, creating engagement while preserving harmony and relationships.
- Balance the privileges and challenges of family wealth and social dynamics of family wealth to maximize benefits while minimizing potential conflicts, utilizing aspects such as Private Ancillary Funds or Charitable/Community committees to enable financial literacy and work together in a board environment.
While your personal requirements and desires remain our primary focus, we aim to ensure that not only are your needs and objectives set up for success but also your goals for continued family security are firmly in place.
We support wealthy individuals and family groups by working with you to create a direction, structure, strategy and security for your wealth and a retirement that is right for you, your values and your legacy.
If you require further information on how to get started or any of the above has struck a chord with you, feel free to reach out any way you wish (LinkedIn, telephone, email or other). I have clients all over Australia and the world, and always happy to have an initial discussion without cost or obligation.
*The above is general information only and not personal advice. For further information or a confidential discussion, please contact the author directly.
