Chairman’s Message: An Honest Self-Assessment

In recent days, I have been seeing more and more families who are accumulating significant amounts of capital, selling businesses, experiencing family changes, and getting older. Many are beginning to think about whether a family office now makes sense for them.The decision to engage a family office is an important and personal one, especially since it will be a long-term relationship.

The self-assessment questionnaire below may be a useful tool. It can help you determine the degree to which you have a handle on your financial affairs and where you may need some help getting and keeping them in good order — for your own sake and for your family. It is a good investment of 10-15 minutes to answer the questions for yourself and do an honest review of where things stand and what you need. Note that the questionnaire is for your own personal use and the answers don’t get recorded or sent anywhere.I

f you answer 'no' or 'not sure' to three or more of the questions, there is a good chance you are missing some significant opportunities to improve your financial situation, your outcomes, and your peace of mind. Filling the gaps may be something that you can take on and solve yourself if you have the time, expertise, and inclination, or it may be the time to engage a family office. The minimum entry point for a multi-family office is typically $10 million in investable assets.In any event, I know it will make you think, and that is always a good thing!Let me know if you’d like to discuss it.

‍Click Here to Try the On-line Interactive Version of the Questionnaire

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