OUR PROCESS

Phase I | Phase II | Phase III | Example of an Agenda for a Client Meeting

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