Resource Search

The wealth advisory industry is growing at an unprecedented rate as more and more registered investment advisors, financial institutions, and accounting and law firms are attracted by strong client population growth in the ultra wealthy segment. Although there is tremendous market opportunity and barriers to entry are relatively low, service requirements are extremely complex and competition is intense.

According to data from the US Department of Health and Human Services, more than 10% of Americans struggle with some form of addiction and/or mental illness.Most families face these issues at one time or another – but for high net worth family members, personal problems come with an additional layer of risks to the family enterprise. How can the family best handle decision-making, shared wealth management, even the family’s public profile when an at-risk family member is involved?

Ultra high net worth families face the question of whether to keep the financial family together at many points in time. From the first liquidity event through the continued branching of the family tree, family members must regularly determine if and how they should continue their wealth management work together. This complex decision can also surface long-standing conflicts, assumptions, and governance issues — issues that call for thoughtful and informed resolution.

When a family aviation emergency occurs, family offices must be ready to lead rather than observe in the onslaught of activity that inevitably follows.Integrated preparedness is the key to successfully managing and recovering from such emergencies. But creating an appropriate plan is a complex endeavor involving numerous dimensions of family service, from the flight crew themselves to medical, legal, and insurance representatives; public relations, crisis intervention, and security providers; and of course family members themselves.