Client Profiles

A strategic focus on 1 type of client

GenSpring is focused on ultra-high net worth clients and their related entities. Our efforts are not distracted or diluted by service commitments to multiple types of clients. As such GenSpring’s experience and advice is built on best practices we have learned focused solely on solving for the unique challenges and opportunities that families of wealth face. Below are some examples of GenSpring client profiles.

 

Multi-Generational Family

Multi-Generational Family

Ownership and Liquidity: A wealth creator present and in control, married with two adult children. Mostly liquid wealth from the sale of a business plus a few small real estate investments.

What can a GenSpring Family Office provide?

  • Full investment management, including asset allocation and discretionary investment selection
  • Trust administration
  • Education programs for family members
  • Family governance
  • Quarterly investment updates and annual family meetings

Keeps Me Awake At Night Issues or KMAANs (prior to GenSpring)

  • Worried about taking too much risk
  • Not sure who will manage things when no longer able
  • Concerned about estate tax liability

Entrepreneur

Entrepreneur

Ownership and Liquidity: A wealth creator still actively growing wealth through multiple ventures and has two younger children. Some liquidity through employment and prior sale of a business; some assets are used for collateral on lines of credit.

What can a GenSpring Family Office provide?

  • Full investment management of liquid assets and oversight of private investments
  • Consolidated reporting
  • Tax and estate planning
  • Coordination of lenders and lines of credit
  • Bill pay and expense management
  • Next generation education programs

Keeps Me Awake At Night Issues or KMAANs (prior to GenSpring)

  • Unhappy with time required to manage advisors
  • Concerned about risk of financial loss
  • Worried about ability of heirs to manage wealth

Self-Directed Investor

Self-Directed Investor

Ownership and Liquidity: A wealth creator overseeing primarily liquid assets who wants advice and information but prefers to make investment decisions. Many direct investments and structures; adult heirs are involved.

What can a GenSpring Family Office provide?

  • Asset allocation
  • Investment recommendations
  • Oversight of external investment managers and performance reporting
  • Consolidated investment reporting
  • Consolidated financial reporting
  • Bill pay and expense management
  • Monthly investment updates

Keeps Me Awake At Night Issues or KMAANs (prior to GenSpring)

  • Having difficulty evaluating providers
  • Worried about not seeing the whole picture
  • Feeling overwhelmed with filings and administration

Family with a Closely-Held Business

Family Business

Ownership and Liquidity: Family owners across multiple branches with some senior generation members involved in leading the family business. Little liquidity outside of the business; regular, ongoing liquidity via dividends.

What can a GenSpring Family Office provide?

  • Tax and estate planning
  • Asset allocation
  • Consolidated financial reporting
  • Bill pay and expense management
  • Personal financial planning
  • Succession planning
  • Quarterly management meetings
  • Annual family shareholder meetings

Keeps Me Awake At Night Issues or KMAANs (prior to GenSpring)

  • Concerned about number of family shareholders
  • Worried about competing income needs
  • Feeling like family legacy is threatened