The decision to engage a family office is an
important and personal one, especially since it will
likely be a long-term relationship. The
questionnaire below can help you make a thoughtful,
objective assessment of your family’s needs and
objectives.
If your family net worth is $10 million or more and you
answer ‘yes’ to any of the following
questions, contact usto arrange a meeting to discuss the suitability of becoming a
client of Northwood Family Office.
F A M I L Y O F F I C E
B E N E F I T S
My family wants:
1. An integrated plan for our family’s complete
financial affairs, including investments, wealth
transfer strategies, proactive tax planning and
optimal ownership structures.
2. A comprehensive approach to risk management, so
we know our family and wealth are protected.
3. A well thought-out investment policy and process
that includes selection and oversight of money
managers, effective diversification and consolidated
performance reporting.
4. Time saving and complexity management, by having
a family office act as the quarterback to coordinate
and oversee all the components of our integrated
financial affairs.
5. The
cost saving benefits of pooled purchasing power (with
full confidentiality).
6. Coordination of our professional advisors -
including lawyers, accountants, investment and
insurance advisors - to ensure that our family’s
objectives are met.
7. A strategic approach to family philanthropy.
8. The confidence that, if something happens to me
(or the main family decision maker), there will be
someone in place who knows our family and our wealth
to help us manage through the transitions and into
future generations.
9. The proactive, personalized and highly responsive
service of an employee-owned, boutique firm.
“[A]n old Chinese
proverb often comes to mind. ‘The best time to plant a tree
(-- or build a resilient plan for your family) is 20 years
ago.
The second best time is today'.”
