A wealth enterprise is formed when a family begins to think of and manage their wealth like a business. Over decades of working with families like yours, we have seen that families beat the odds and sustain their wealth by managing it as a professional endeavor, tapping into the same processes and best practices that were used to create the wealth in the first place.
For more information contact: emailus@marcusevans.com
Michael Zeuner from WE Family Offices and a speaker at the marcus evans Private Wealth Management Summit Fall 2013, held in Las Vegas, NV, delivered his presentation entitled "The Business of the Family: Looking through the Lens of the Wealth Enterprise".
Join the 2014 Private Wealth Management Summit along with leading regional investors in an intimate environment for a highly focused discussion on the latest investment strategies in the market.
For more information contact: emailus@marcusevans.com
Mel feller shows how to be a small business or real estate lender by mel fellerMel Feller
Mel Feller Shows How to Be a Small Business or Real Estate Lender by Mel Feller
Mel Feller understands that banks are the most common form of small business lenders because banks hold a large amount of capital. Investment firms and large corporations are also typical small business lenders. However, Mel Feller also understands that business loans may be separated into two categories: straight loans, where the lender earns back only the principal (the amount loaned), as well as interest and investment loans, where the lender earns back some of the money made from the loan. The second type of loan is a security that falls under the blanket category of investment contracts.
Therefore, Mel Feller lays out the steps that are need to create your business.
James Creedon, Creedon PLLC, addresses the legal issues in coworking spaces, including risks to intellectual property protections, complications with business contracts, tensions between the cultures of openness and the need for clear contractual obligations, and the inherent risks that develop when moving from the coworking space to being a standalone business.
For more information contact: emailus@marcusevans.com
Michael Zeuner from WE Family Offices and a speaker at the marcus evans Private Wealth Management Summit Fall 2013, held in Las Vegas, NV, delivered his presentation entitled "The Business of the Family: Looking through the Lens of the Wealth Enterprise".
Join the 2014 Private Wealth Management Summit along with leading regional investors in an intimate environment for a highly focused discussion on the latest investment strategies in the market.
For more information contact: emailus@marcusevans.com
Mel feller shows how to be a small business or real estate lender by mel fellerMel Feller
Mel Feller Shows How to Be a Small Business or Real Estate Lender by Mel Feller
Mel Feller understands that banks are the most common form of small business lenders because banks hold a large amount of capital. Investment firms and large corporations are also typical small business lenders. However, Mel Feller also understands that business loans may be separated into two categories: straight loans, where the lender earns back only the principal (the amount loaned), as well as interest and investment loans, where the lender earns back some of the money made from the loan. The second type of loan is a security that falls under the blanket category of investment contracts.
Therefore, Mel Feller lays out the steps that are need to create your business.
James Creedon, Creedon PLLC, addresses the legal issues in coworking spaces, including risks to intellectual property protections, complications with business contracts, tensions between the cultures of openness and the need for clear contractual obligations, and the inherent risks that develop when moving from the coworking space to being a standalone business.
Our CEO Nunzio Presta participated in a panel discussion with Ceridian Canada, BDO, CIBC & Microsoft!
During the discussion some of these questions were addressed:
- Should I keep or sell my business?
- How do I quantify the value of my business and what can I do to increase the value?
- What do I need to consider from a taxation perspective?
- How do I prepare my employees for the change in ownership?
- Am I prepared for life after the sale?
Turning an Idea or Product into a Business (Series: Business Advice - From St...Financial Poise
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which Founders must make is the selection of legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect intellectual property by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that Founders may need assistance with. This webinar provides an overview of these topics and shares some best practices with regard to them.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/turning-an-idea-or-product-into-a-business-2021/
Paul Comstock Partners is a fee-only investment advisory firm. Learn more about how we partner with our clients to enable them to make investment decisions they can trust.
How to Raise Seed Funding for Your Startup: Convertible Notes and SAFEsideatoipo
Seed financings enable a startup to put together its initial team, build a working prototype, and begin to test the market. Often these investments are made via convertible debt or SAFEs. Veteran Silicon Valley startup and corporate attorney Jason Putnam Gordon will cover the following topics:
1. Required corporate structure
2. Legal considerations when pitching investors for seed financing
3. Differences between using convertible debt and SAFEs
4. Key terms and considerations when raising seed funding
5. Common mistakes and pitfalls that companies make when raising seed funding via convertible debt and SAFEs
6. How to close your seed financing
7. Important post-closing tasks
8. And much, much more
Come with your questions and get ready to be excited about seed financings!
Common Issues and Strategies in Business Breakups (Series: Complex Financial ...Financial Poise
As any entrepreneur will attest, starting and operating a business comes with unique challenges. These challenges are a key reason that, by some estimates, half of the companies that are founded today will not exist four years from now. It can be argued that the effort and attention needed to find success precludes business owners from planning for failure. This webinar focuses on the realities of a failing business from the owners’ perspective. Join our panel of experts as they discuss the various considerations that should be given at the outset of start-up negotiations and through business breakup, including dispute negotiation and litigation.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/common-issues-and-strategies-in-business-breakups-2021/
Whether you are considering forming a board or want to enhance existing governance practices, understanding the role of the board and expectations of directors is an essential ingredient to successful, value-added governance in private companies. Company leaders and board directors often struggle to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success. We will cover the definition of a board, typical expectations of a director, board oversight vs. management responsibilities, and many other basics of board formation and operation.
Part of the webinar series: Board of Directors Boot Camp 2021.
See more at https://www.financialpoise.com/webinars/
Robert Tarola, President of Right Advisory LLC, presented "CFO as Advisor" to the Innovation Summit sponsored by the MACPA in Baltimore, MD on June 16, 2014. It outlines how finance professionals can enhance their value to an organization by providing the appropriate context to their insights and advice.
Right Advisory LLC's services include helping finance professionals, executives and boards understand their organization strengths and challenges.
Our CEO Nunzio Presta participated in a panel discussion with Ceridian Canada, BDO, CIBC & Microsoft!
During the discussion some of these questions were addressed:
- Should I keep or sell my business?
- How do I quantify the value of my business and what can I do to increase the value?
- What do I need to consider from a taxation perspective?
- How do I prepare my employees for the change in ownership?
- Am I prepared for life after the sale?
Turning an Idea or Product into a Business (Series: Business Advice - From St...Financial Poise
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which Founders must make is the selection of legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect intellectual property by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that Founders may need assistance with. This webinar provides an overview of these topics and shares some best practices with regard to them.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/turning-an-idea-or-product-into-a-business-2021/
Paul Comstock Partners is a fee-only investment advisory firm. Learn more about how we partner with our clients to enable them to make investment decisions they can trust.
How to Raise Seed Funding for Your Startup: Convertible Notes and SAFEsideatoipo
Seed financings enable a startup to put together its initial team, build a working prototype, and begin to test the market. Often these investments are made via convertible debt or SAFEs. Veteran Silicon Valley startup and corporate attorney Jason Putnam Gordon will cover the following topics:
1. Required corporate structure
2. Legal considerations when pitching investors for seed financing
3. Differences between using convertible debt and SAFEs
4. Key terms and considerations when raising seed funding
5. Common mistakes and pitfalls that companies make when raising seed funding via convertible debt and SAFEs
6. How to close your seed financing
7. Important post-closing tasks
8. And much, much more
Come with your questions and get ready to be excited about seed financings!
Common Issues and Strategies in Business Breakups (Series: Complex Financial ...Financial Poise
As any entrepreneur will attest, starting and operating a business comes with unique challenges. These challenges are a key reason that, by some estimates, half of the companies that are founded today will not exist four years from now. It can be argued that the effort and attention needed to find success precludes business owners from planning for failure. This webinar focuses on the realities of a failing business from the owners’ perspective. Join our panel of experts as they discuss the various considerations that should be given at the outset of start-up negotiations and through business breakup, including dispute negotiation and litigation.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/common-issues-and-strategies-in-business-breakups-2021/
Whether you are considering forming a board or want to enhance existing governance practices, understanding the role of the board and expectations of directors is an essential ingredient to successful, value-added governance in private companies. Company leaders and board directors often struggle to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success. We will cover the definition of a board, typical expectations of a director, board oversight vs. management responsibilities, and many other basics of board formation and operation.
Part of the webinar series: Board of Directors Boot Camp 2021.
See more at https://www.financialpoise.com/webinars/
Robert Tarola, President of Right Advisory LLC, presented "CFO as Advisor" to the Innovation Summit sponsored by the MACPA in Baltimore, MD on June 16, 2014. It outlines how finance professionals can enhance their value to an organization by providing the appropriate context to their insights and advice.
Right Advisory LLC's services include helping finance professionals, executives and boards understand their organization strengths and challenges.
Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services. Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.
Here are the top 10 frequently asked questions (FAQ) related to business.pdfLife Today
A business plan is a comprehensive written document that outlines the goals, strategies, and operations of a company. It serves as a roadmap for a business, detailing its mission, vision, target market, financial projections, and various other key aspects. A well-structured business plan provides a clear and strategic direction for the company, helping entrepreneurs and stakeholders understand how the business will operate, grow, and achieve its objectives.
How business continuation planning could help preserve your business by providing a smooth transition of ownership and control.
Family-owned businesses are the backbone of the American economy. Yet many small-business owners make a costly mistake: They have no business continuation plan. This leaves the future of their businesses to chance.
Recapitalization and Liquidity: Growth Options for Privately Held CompaniesJames Wier
Often in the evolution of their business, many companies achieve consistently strong growth, but still have opportunities to grow through organic initiatives and acquisitions. Once companies reach this stage, concerns about the potential conflict between the concentration of their wealth and on-going investment in the business begins to materialize.
Join Eric Mattson, principal at Exellere Partners, and David Straub, director of business development at Delaware Trust, for a complimentary, one-hour webinar discussing liquidity options for small- and medium-sized, privately held companies, including traditional liquidity options and recapitalization as an alternative.
This webinar is presented by Delaware Trust. Delaware Trust provides a full suite of corporate trust and agency, independent director, private equity networking, and special purpose entity services to corporations, law firms, financial institutions, institutional investors, and private equity firms. Delaware Trust is not affiliated with any bank, lender, or other third party.
Similar to The Wealth Enterprise: Treating the Family Wealth as a Family Business (20)
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. Smith Family
Family Structure
Mr. & Mrs. Smith
3 Adult Children
$200 Million Net Worth
Operating Company Net Worth
Liquid Wealth
$100 Million
$100 Million
Liquidity/Investment Profile
Relationships With 3 Primary Financial Institutions/Private Banks
150 Distinct Investments (Passive, Active & Partnerships)
12 Distinct Ownership Structures For Estate Planning Purposes
50 Distinct Financial Accounts
19 Tax Entities
100+ K-1s
2
3. An Interview With The Principals Around The
Business Enterprise ($100 Million):
What’s the mission of the company?
What’s the strategy for value creation?
What does your P&L look like?
How much do you spend on critical activities and suppliers to
your company?
Do you have high quality MIS to support your decisionmaking?
What’s your plan for succession in key roles?
3
4. An Interview With The Principal Around The
Wealth Enterprise ($100 Million)
What’s the mission and purpose of your wealth?
What’s are the objectives – short term and long term – for your
wealth?
Do you have high quality MIS to support your wealth management
decision-making?
How do you make decisions around your wealth and who’s involved
in decision-making?
What’s your plan for succession and education?
What is your ecosystem of providers, what role does each play, and
how much are you paying, all in, to your financial services providers?
4
5. The Wealth Management Paradox
Families that are successful in creating wealth do not always apply
the same best practices they use to manage their business
enterprise, when managing their personal wealth enterprise
Families often abdicate, rather than delegate, critical wealth
management decisions, something they would never do with
respect to their operating companies
5
6. Perhaps Another Reason Why, Is That Managing A
Wealth Enterprise May Be More Complex Than
Managing A Business Enterprise
Business Enterprise Seeks To Maximize Financial
Capital
Wealth Enterprise Seeks To Maximize Financial Capital
PLUS The Family’s Human & Intellectual Capital
6
7. Managing Wealth As An Enterprise Entails Three
Primary Activities
Strategy, Str
ucture &
Governance
Family
Wealth
Enterprise
Wealth
Management
Activities
Ecosystem
of Providers
7
8. Strategy, Structure & Governance
Conceptualize wealth as a “business”, NAME it, and map out all the pieces
Establish a mission and strategy – short term and long term
Define decision-making and governance framework for the enterprise
Articulate key roles in the management of the enterprise and who inside
and outside the family will play what roles
Be explicit about succession for key roles and have development plans for
leaders identified to take on key roles in the future
8
9. Wealth Management Activities
A complex and inter-locking set of activities
Values
& Mission
Governance &
Education
Investment Advisory
(Asset Allocation; Portfolio
Construction; Manager Selection;
Performance Measurement)
Financial & Estate Planning
and Risk Management
Financial Administration
(Expense Management/General Ledger; Cash Flow; Net
Worth; Tax Compliance; Reporting
9
10. Ecosystem Of Providers
Given the complex set of activities – a
complex network of providers is often
necessary
The ecosystem needs to be managed
Map the current set of providers
Understand fees and manage
expenses
Coordinate across providers
Ensure all are working around
the family’s “big picture” and in
support of the family’s strategy
10
11. Managing Wealth As An Enterprise Means
Thinking Strategically About The Ecosystem Of
Providers
Understand each provider’s role
Understand your role
Understand the implications
11
12. Understanding Each Provider’s Role
The simple truth: all wealth management
firms sound the same in their marketing
material
The stark reality: there are fundamental
and important differences between wealth
managers
12
13. Cutting Through The Clutter: The Key
Differences
Manufacturers
Create & Sell Products
Sell To Investors Directly Or Through Distributors (banks, brokerage
firms, RIAs)
Paid by investors in funds – management fees
Distributors
Sell Products To Their Clients
Products Sourced From Manufacturers
Affiliated Asset Management Units
Unaffiliated Asset Management Firms (Open Architecture)
Paid by clients and by manufacturers for whom they distribute
Advisors
Advise Clients On Which Products To Buy
Unaffiliated With A Manufacturer Or Distributor (Ideally)
Paid Only By The Clients They Represent (Ideally)
13
14. When Mapping Your Ecosystem – Identify
Which Role Each Firm Is Playing
Which firms are “providers”:
manufacturers and distributors
Which firms are “advisors”: paid by you to
represent you and buy/source for your
enterprise
What role do you want to play
14
15. Implications To Your Role Of Working With Each
Type Of Advisor
Working Directly With Manufacturers:
Can be economically beneficial by avoiding the added cost of
the distribution firms
Sourcing and diligence across all asset classes can be a
challenge
Integrating across all providers to be sure they are not working
at cross purposes & in concert with your objectives
Need to solve for getting support around overall asset
allocation & portfolio construction
Need to solve for aggregated reporting and risk analytics
Need to solve for quality control
15
16. Implications To Your Role Of Working With Each
Type Of Advisor
Working With Distributors:
Category with which most families have familiarity and
longstanding relationships
Conflicts of interest and high costs can be a challenge
Need to solve for being sure the “right” products are being
bought at the “right” price for the “right” reasons
Need to solve for aggregated reporting and risk analytics
across providers since most families work with multiple
“distributor” firms
Need to solve for integration across providers
Need to solve for quality control
16
17. Implications To Your Role Of Working With Each
Type Of Advisor
Working With Advisors:
Category which can help families solve for challenges of working
directly with manufacturers or distributors
Sourcing
Avoiding conflicts of interest
Buying/Negotiating
Aggregated Reporting
Quality Control
Requires families to pay an explicit fee
Not all advisors are the same with respect to
Allowing you to stay in control
Accommodating your unique constraints and preferences
Accommodating your desire to work with more traditional wealth managers
(manufacturers and distributors)
17
18. There Is No “Right” Answer
But thinking strategically about your
ecosystem of providers – just as you
would about the providers for your
business enterprise – is a critical activity
Being clinical about which providers are
playing what role and what role you
therefore have to play, is essential
18
19. Bottom Line: Making Sure Your Enterprise
Management Function Is Explicit & Intentional
Strategy, Str
ucture &
Governance
Family
Wealth
Enterprise
Wealth
Management
Activities
Ecosystem
of Providers
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20. By Thinking Of Their Wealth As An Enterprise, A
Family Can Achieve Significant Benefits
Think of developing the family’s wealth as a business or
professional endeavor
Manage wealth in a purposeful, strategic manner
Take a greater role in managing the enterprise and those they hire
to support them.
Focus on effective decision-making, governance and
succession/leadership preparation
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21. Continued….
Be explicit about all of the activities required to manage
wealth, how they are connected, and identify the most effective
providers to accomplish each activity
Have robust information systems and reporting that allows them to
measure progress and support decision-making
Buy only those products and services that are right for them, at the
right price.
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