BREAKOUT 5: Goals-Based Framework for Risk Management – Case Study

Families of exceptional wealth enjoy abundant resources to achieve family goals, but also face peculiar, idiosyncratic risks not easily managed through traditional means. This session explores a framework for managing those risks while taking advantage of the unique edge which families can have over other investors.

In this session, an experienced goals-based investment strategist describes how working with a single-family office founder to address the unique risk needs and investment goals of the family led to the joint development of a simple but powerful framework for managing family risks. In combining family advisory roles, the family’s insurance industry experience, and family goals, Jack describes how wealthy families can gain valuable insight by adopting the perspective and tools utilized by insurance and reinsurance providers to manage major risks. Acquiring this inside perspective and viewing the family portfolio conceptually as the insurer of family goals can be useful in crafting customized solutions to address extraordinary risks.

Presenter: W. Jackson Parham, Jr., CFA, Chief Investment Officer, Eton Advisors