A family preparing for a major liquidity event.

An entrepreneur in his 50s wanted his family (wife and two children) to be fully involved in the management of their forthcoming wealth so that, in time, they could become fully fledged future custodians of the family wealth.

Our job was to provide the family with time, education, counselling, and the co-ordination of all the strategic partners including legal, tax, and structuring.

We started by developing a Family Constitution to clarify shared values, governance processes and decision-making protocols. This led to the establishment of a Family Investment Company, managed by a discretionary manager, to invest the money for the very long term.

We continue to meet regularly as a group to discuss both the performance and longer-term family issues, such as legacy, tax planning and the progress of the children as future leaders.