OUR PROCESS

Based on the service selected by our client, the lifecycle of their financial plan is completed in three stages: Phase I – Overview, Phase II – Ongoing, Phase III – Implementation. Please click on one of the above links to read more about our process. Our fee varies for each client based on your individual needs. [ More About Our Services ]

PHASE I – OVERVIEW

  1. Review of Current (Living) Estate
    • Gather Assets - Valuation - Ownership - Other Financial Matters (i.e. Insurance)
    • Determine Liabilities - Known - Unknown
  2. Review of Current Estate Documents
    • Current Generation
    • Any Potential Inheritance/Powers
  3. Suggestions

PHASE II - ONGOING

  1. Estate Matters
    • Implementation of Phase I
    • Continuous Review and Monitoring
    • Wealth Preservation and Succession
  2. Investment/Advisory/Capital Management
    • Matrix/BNR Partners
  3. Income Tax
    • Planning/Accounting
    • Compliance
    • Individual/Trust/Other Entities
  4. Administration and Structures Services
    • Designed for You and Your families

PHASE III - IMPLEMENTATION

  1. Create Oversight Vehicle:
    • Investments
    • Planning
    • Philanthropy
    • Financial and Personal Administration
    • Compliance
      • Tax & Accounting
      • Legal Matters and Documents
    • Family Governance
  2. Investments
    • Explore Existing and New Strategies
    • Family Financial Goals/Individual Financial Goals (goals could = needs)
    • Implementation
  3. Planning
    • Financial
    • Tax
    • Wealth Transfer
  4. Philanthropy
  5. Financial and Personal Administration
  6. Compliance
    • Develop a Functional Reporting System – reports/intranet site
  7. Family Governance
    • Mission Statements
    • Generational Issues
    • Education of All Younger Generations
  8. Implementation of Above
    • Team
      • Advisors
      • Family Leaders
    • Set Priorities
    • Set Responsibilities

EXAMPLE OF AN AGENDA FOR A CLIENT MEETING

  1. Review of Family Structure and Responsibility
    • Discuss Responsibilities of Generation Two and Three
  2. Investment Review
    • Current Allocation of Marketable Securities
    • Oil and Gas Investments and Legal Issues
    • Outside Managers
      • International
      • Real Estate Managers
  3. Tax Audit/Status/Planning
  4. Annual Gifting Strategy
    • Discussion of Possible Gifting of Company Stock
    • Discussion of Appropriateness of Gifting of Farm Properties
  5. Training Session for Generation Three
    • Review of Trust Dispositive Provisions/Beneficiary Responsibilities
    • Discussion of Hedge Funds
      • Tax issues
      • Cash flow
      • Risk
  6. Reaffirm Family Mission Statement

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