| |
|
|
Our unique Net Worth Management™ approach starts
with an overall view of a family’s wealth. Wealth is
more than just investments. It includes all assets
and liabilities, such as family businesses, vacation
homes, investment real estate, philanthropic funds
and human capital.
At Northwood, we start with the premise that the management of net worth must be planned and managed on an integrated basis. Just like a successful business brings together disciplines to work together (eg. sales and marketing, accounting, finance, operations, legal, etc.), families of substantial wealth must also take a coordinated approach to their affairs.
As the picture below shows, many families have
access to advisors in specific disciplines, such as
tax, legal, insurance, and investments. However,
clients often have to coordinate the activities of
all these professionals themselves and explain their
circumstances multiple times, resulting in an
unconnected mix of investments, strategies and
services that may not meet their objectives.
View Vertical Diagram +
Our role, as a family office, is to develop an integrated plan, and then identify areas requiring specific external expertise. Typically, we work with our clients’ existing accountants and lawyers, especially where a trusted relationship has existed for years. If our clients don’t have a trusted advisor in a particular discipline, we will introduce them to professionals from our network of specialists, who we believe can best meet their needs.
|
|
|
