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At Northwood, we believe that the finest plans in
the world aren’t worth the paper they are printed on
unless they are successfully implemented. We focus
much of our time and attention on this
responsibility on behalf of our clients. Examples of
the implementation work we do for families are
listed below.
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Ongoing management – This includes
ongoing advice and counsel, quarterly client
meetings and annual reviews.
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Advisor coordination – We ensure that all the
family’s personal advisors are kept informed,
engaged and in tune.
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Consolidated reporting – Reporting is customized
to each family and delivered on a
quarterly basis.
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Administrative services – These services very
much depend on the unique needs of each family
but can include the following:
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Expense review
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Cashflow management
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Tax instalment coordination
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Registered plan contribution coordination
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Foundation and philanthropy administration
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Bill paying and banking
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Insurance renewals
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Lifestyle services
– This covers a wide range
of services that can include consultation
on issues as disparate as assistance with
purchase/construction of a second home, health care
support, referrals to health care services for the
elderly, or assistance with immigration and
cross-border issues.
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Referral services –
Northwood can help a family find an expert to
assist them in a number of areas, from tax
advisors, lawyers and other specialists that a
family might need to access.
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"The responsibility of advisors revolves around both helping
families to keep doing the ‘right’ thing and providing them
as much comfort as possible in doing so.”
Jean Brunel, Editor, The Journal of Wealth Management,
Spring 2009 |
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