Family Business Office
For those whose ongoing source of wealth is one or more operating business.
The Benefits You Should Expect
Your family office team will create a multi-generational Success Plan in collaboration with you that provides:
A professional intermediary between family members and management whose purpose is to represent the interests of family owners while working collaboratively with management on all financial and ownership matters
- Ability for company management to interface with a professional intermediary and organized, engaged and prepared owners
- Proactive management of family ownership issues and structures
- Deep technical knowledge of owning and transferring business interests in trusts and family limited partnerships
- Efficient financial and investment management of dividends and other distributions
- Avoidance and/or management of family conflict
Objective advice & exceptional service
Sample Deliverables
- Goals-based financial and cash flow planning, liquidity management and capital sufficiency analysis
- Asset allocation, investment due diligence, negotiation, selection and consolidated reporting
- negotiation, selection and consolidated reporting Comprehensive review of ownership structure and recommendations
- Estate plan reviews and recommendations
- Financial recordkeeping and document retention
- Education plans for next generation family members
- Family meeting facilitation and governance system development
Objectivity & Alignment: New Choices for Families and Advisors
Read the transcript of GenSpring CEO, Mel Lagomasino discussing this topic at the 2007 CFA conference.
What is an ADV?
Form ADV is a two-part form that the SEC requires of investment advisers and encourages people to read, as do we. In Part 1, be sure to look at Item 5 (B.2 and E)... any registered representatives? Commissions? Also, glance at Item 8 (A.1)...any principal transactions? And frankly, if you have enough patience for it, Schedule F in Part 2 will spell out the conflicts of interest that are less obvious in Part 1.
Not All Advisors Are the Same
In this white paper, Mel Lagomasino, GenSpring's CEO, explains how to tell the difference between a wealth management firm that is selling investment products and one that is your advocate and advises solely on the merits.