As family wealth grows, the number of advisers often grows with it: investment managers, accountants, estate attorneys, trustees, and bankers. Each may be doing good work, while no one is responsible for how the decisions fit together.
An investment decision can change the family’s tax position. An estate decision can change its liquidity needs. A private investment can create future capital calls alongside tax consequences.
The challenge is fragmented advice. We believe families with complex wealth need someone responsible for the whole picture. That is how we think about the role of a Chief Investment Office.
For informational purposes only; not personalized investment, tax, or legal advice. All investments involve risk, including loss of principal. Private investments involve illiquidity and other risks and may not be suitable for all investors. Consult your advisers about your circumstances.