OVERVIEW OF FAMILY ASSETS

Clients’ managed liquidity typically represents only a part of what they own. This can be particularly pronounced with wealthy families. Assets include multiple residences, commercial real estate, private-company interests, concentrated employer stock, alternative assets (P/E, VC, hedge funds), 401(k)s, collectibles, etc. It can often include liabilities, leverage taken against these assets. As we commence a wealth-management relationship with our families, we start by gathering, organizing and analyzing each of these assets and their relationship to the total balance sheet and to the family’s financial objectives over the short, and long, term.

  • Gather information on assets, liabilities and titling to prepare a net worth statement with supporting schedules
  • Track net worth over the years
  • Monitor allocation of total balance sheet to avoid over-exposure 

Continue reading: Cash Flow Planning


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