A family preparing for a major liquidity event.

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

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

We started by developing a Family Constitution toclarify shared values, governance processes and decision-making protocols. Thisled to the establishment of a Family Investment Company, managed by a discretionarymanager, to invest the money for the very long term.

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