Entrepreneur in his 50s approaching his main liquidity event.
He wanted his wife and two children to be fully involved in the management of their forthcoming wealth so that in time they could become fully fledged future custodians of the family wealth.
Our job was to provide the family with time, education, counselling, and the co-ordination of all the strategic partners including legal, tax, and structuring.
We started with a Family Constitution and ended up with a Family Investment Company, managed by a discretionary manager, to invest the money for the very long term. We meet regularly as a group to discuss both the performance and longer-term family issues, such as legacy, tax planning and the progress of the children as future leaders.