Private Wealth Management: for Individuals and Families
An integrated and strategic approach to wealth management specifically for high-net-worth individuals and families.
As a wealthy individual, you are working to protect and grow your wealth, enjoy financial security, and build a lasting legacy. Effective investment management is critical, of course, but successful wealth management is an integrated and strategic discipline which also includes tax, estate planning, philanthropy, governance, and family culture. Each family's situation is unique, and no one solution will suffice for all.
By attending this program, you will:
- Clarify your family and financial goals.
- Design a strategy to preserve and manage your wealth.
- Oversee financial advisors with greater confidence, accountability, and results.
The program incorporates case studies, lectures, and small and large group discussions. Because some of the most valuable learning in the course takes place in the shared experiences among classmates and peers, we create a confidential and solicitation-free environment. All participants must sign a confidentiality agreement before joining the course.
To facilitate the interactive nature of the course experience, enrollment is limited. Please submit your application early to assure your place.
You will learn practical, tested, and actionable frameworks:
- Learn the key value drivers for preserving and growing wealth and how to use them, wherever in the world you reside.
- Define your financial and family objectives within a comprehensive family enterprise management strategy that is consistent with your business, family values, and personal circumstances.
- Explore family purpose and values within the context of a family enterprise. It’s a lot of work—is it worth it? Why?
- Select an investment strategy that is realistic, prudent, tax efficient, and actionable given the time and resources you have to commit.
- Learn the differences among the investment, brokerage, and wealth management industries, and their complex relationships and incentive systems. How can you align their interests with yours?
- Decide how to evaluate, select, and oversee the firms and individual advisors who are right for you and your family. Do you make decisions based on trust, service, or performance?
- Build performance evaluation, good reporting, and accountability into your relationships with your advisors.
- Learn how trusts and other sophisticated planning instruments can reduce tax exposure, protect privacy, provide flexibility, and serve a family’s many generations without inevitably spoiling them.
- Explore governance systems that help your family to steward assets wisely and that encourage your family members to flourish. After all, human capital is your family’s most important asset.
- Learn five lessons from families that successfully maintain and grow their wealth within thriving families for multiple generations. These lessons can be rolled up into the concept of “entrepreneurial stewardship” that reinforces rigor and vigor. Wealth doesn’t necessarily demotivate; in fact, wealth and the skill to use it purposefully is a powerful combination.
- Finish the program with a list of action items that will make a real impact on your wealth management.
Who should attend
This program is for US and international individuals and families who have built wealth in this generation, have inherited family wealth, or are contemplating or have recently experienced a liquidity event. Family office executives may attend with principal family members, but the program is closed to all other financial services professionals.
The course will be of greatest interest to those:
- Striving to maintain prosperity and a flourishing family through retirement and, for many, across generations.
- Contemplating-or recently experiencing-a significant liquidity event, whether through the sale of a company, inheritance, or other major wealth transition.
- Committed to engaging their families in more productive dialogue about the challenges and opportunities of wealth.
- Seeking added confidence to evaluate and select financial advisors and/or to set strategic direction for a family office.
We have found that multiple members of the same family—husband and wife, parent and offspring, cousin and cousin—derive considerable benefit from taking the course together. The program gives them a foundation for continued productive dialogue well into the future.