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Integrated planning is normally the first step when
clients start working with a family office. It often
includes some or all of the following:
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Net Worth Management™
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Risk Management
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Tax and Structure Planning
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Estate and Succession Planning
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Philanthropic Planning
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Governance and Education
Northwood works with the family and their advisors
in specific disciplines, such as tax, legal,
insurance and investments. We identify priority
issues, map out a game plan and develop solutions
together to meet the family’s objectives.
Northwood’s breadth and depth of experience in all
key financial disciplines makes us uniquely
positioned to pull all the pieces of the puzzle
together.
Our role is also to identify areas requiring
specific external expertise and then involve and
work with those professionals as needed. In a
sense, we act as a ‘general contractor’ on behalf of
the family.
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"Managing wealth successfully, like managing a
business, requires thoughtful planning, diligent research
and the construction of a fully-integrated plan to
coordinate all of the components of the process.”
Family Office Exchange, ‘Wealth Management as a Second
Family Business’, 2006 |
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