Investment management tied to what the money has to cover.
We start with the family’s spending, tax bills, commitments and the needs of any operating business, then build the portfolio to meet them. We offer no proprietary products.
What you bring, and what you get back.
Many family portfolios are competently built and still undocumented: no stated horizon and no agreed description of the risk being taken.
You bring
- Statements for every account and manager
- Recent financial statements for companies and trusts
- Known commitments: spending, gifts, buy-outs, tax on death
- Constraints: holdings that can’t be sold, exclusions, currency needs
You get back
- A written investment policy the family confirms before anything is implemented
- An allocation that counts the business and property as exposure
- One total-cost figure for the portfolio
- Periodic reports measured against the policy
What the policy covers.
A few pages, in plain language, that the family returns to when markets test a decision.
- Obligations and dates
What the portfolio has to pay for, when, and how certain each item is.
- The whole exposure
Including a concentrated business or property holding that no adviser manages.
- Risk in concrete terms
The decline the family could hold through without changing course, and how many years of spending sit in cash and low-risk assets.
- Who decides
Who can rebalance, who must be consulted, and what triggers a review.
- Constraints and costs
Positions that can’t be sold, exclusions, and every cost totalled in one figure.
Where the work usually starts.
A concentrated position dominates the balance sheet, and the family is unsure how much risk it carries.
Sale proceeds are sitting in cash while the family decides how to use them.
Several accounts and managers each make sense alone but follow no common plan.
Fees and embedded costs have never been set out in one place.
Tax considerations alone are driving investment decisions.
What it depends on.
An allocation assumes the family knows what it owns and how the estate is arranged. Where wills, trusts or shareholdings haven’t been read together, Wealth & Estate Planning usually runs alongside. Where holdings sit across several entities, Family Office Services produces the consolidated statement that reporting is measured against.