|
The Wealth Audit defines and captures your mission, vision and values, leading to your individualized Family Wealth Profile. The Family Wealth Profile represents a consolidated view of your family's financial holdings as well as your personal goals and objectives. The Profile is as much for you, as it is for us. It is our opportunity to tell you what we heard, and for you to let us know if we fully understand you. It helps ensure that we appreciate both the "head and heart" of your financial wealth. By spending this time upfront, we are all able to proceed with confidence in the knowledge that we are pursuing the proper course of action, for the right reasons.
Wealth Audit fees range from $2500 to $5000, reflecting each client's unique scope of work. Additional fees may apply according to the complexity of a client's situation.
The Family Wealth Profile will further define the nature of your current financial condition or challenges, and will assist you in making choices about the scope of the planning required to accomplish your objectives. The Family Wealth Profile consists of three parts:
- Situation analysis / Data gathering
- Discovery meeting
- Family Wealth Profile meeting
In the Family Wealth Profile meeting, we deliver materials that support your key planning and investment needs (not all items apply to every client situation):
- Goals and aspirations
- Current balance sheet and net worth
- Current allocation analysis
- Goals analysis with Monte Carlo simulations
- Estate analysis
- Income tax summary
- Risk management analysis
- Recommendations
Once the Wealth Audit is complete, we engage in our Family Wealth Optimization process and carefully craft solutions to meet the needs of your unique situation.
Next: Wealth Optimization
|
