Multi-Generational Family Wealth and Asset Management

  • Represented by wealth generator or surviving spouse
  • Elderly parent(s) of wealth generator or spouse
  • Married adult children with several children of their own
  • Second marriages/families are common
  • Stay-Awake Issues/Needs/Goals/Worries/Services
    • Estate Planning
    • Who will manage when originator is unavailable [stay-awake issue]?
    • How is it fair to various beneficiary levels when unequal distributions are needed?
    • Maximize what stays in the family, versus what flows to the government in taxes
    • Establish a framework for the family to continue to thrive in future generations
  • Education programs for family members
    • Investments
    • Philanthropy
    • Family governance
  • Dynastic planning with trusts, insurance policies or other assets
  • Varying administrative cash/custody services over time
    • Differing levels of need during maturing/aging process on either end of the age continuum
    • From a la carte to turnkey cash management services
  • Personalized, tailored and comprehensive family office services meeting needs of the various generations
    • The expertise, attention and convenience of a single-family office, without the expense
    • Shared priorities and opportunities with other similarly situated high-net-worth families
    • It is difficult to justify the expenses of a single family office for family assets not in the tens –of-millions range.  A multi-family office is a reasonably priced, fully-equipped, alternative.