When thinking about how to manage wealth it is essential to consider governance.
By this we mean setting out a code of practice that fits in with your values and your vision. That might sound rather corporate, but in our experience of working with some of the world’s most successful families down the generations, those who establish this kind of shared philosophy tend to be the most close-knit.
We can help by developing and drafting a family mission statement, constitution or creed to act as a starting position. We can also put in place governance structures that align with that mission statement. You, your family and advisors can then use this code to drive forward your objectives.
This can make your family office more effective; it can ease the process of succession; it may even head off family disputes.
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