Loading the player ...

Most of us lead busy lives and must juggle multiple priorities and demands on our time. However, at the end of the day, each of us is the chief executive officer for our family, responsible for making the decisions that will determine whether we will achieve our financial dreams.

To do so successfully, you need what every successful CEO has: a sound understanding of the challenges you face and a comprehensive approach for addressing those issues. Our goal with the resources we provide in this section is to provide you with exactly that.

Help addressing your concerns

For many successful families, there are five major areas of financial concern:

  1. Preserving your wealth. Your aim with wealth preservation is to manage your investments to produce the best possible returns consistent with your time frame and tolerance for risk.
  2. Mitigating your taxes. Your goal here is to enhance your wealth by minimizing the tax impact on your financial picture.
  3. Taking care of your heirs. This means finding and facilitating the most tax-efficient ways to pass assets to your spouse and succeeding generations in ways that meet your wishes.
  4. Protecting your wealth. This includes all concerns about protecting your wealth against catastrophic loss, potential creditors, litigants and identity thieves.
  5. Making a difference in the world. This encompasses all issues related to fulfilling your charitable goals in the most impactful way possible.

We provide a framework to approach each of these areas of concern, along with some specific recommendations that may be appropriate for your family. But it’s important to remember that none of these five areas of concern stands in isolation from the rest. Wealth protection, for example, is often intertwined with wealth transfer needs. And charitable giving can often support goals in each of the other four areas.

To be most effective, you need to deal with each area systematically while maintaining an integrated approach to your overall financial picture. For help in doing this, many successful families seek the assistance of financial advisors. However, it’s not always easy to find the financial advisor who is best-qualified to address your family’s specific challenges. For this reason, we also provide you with resources on choosing a financial advisor.