Legacy Family Office
For those who wish to focus only on the preparation for and transition of wealth.
The Benefits You Should Expect
Your family office team will create a multi-generational Success Plan in collaboration with you that provides:
A process and program for preparing heirs for the responsibilities of wealth and the transition of decision-making across generations in a manner that is consistent with the intent and requirements of your financial and estate planning
- A higher likelihood of the purpose of your wealth being achieved through the adoption of best practices
- Confidence that the transition of your wealth and decision-making will occur responsibly and as you intended
- An experienced and trained advisor to avert and/or address personal and family wealth issues as they arise
- Comprehensive preparation of heirs for the responsibilities of life with wealth
Objective advice & exceptional service
Sample Deliverables
- Estate plan reviews and recommendations
- Education plans for next generation family members
- Family meeting facilitation and governance system development
- Strategic philanthropic planning
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.