These ultra-high-net-worth families are often seeking a strategic thought partner to guide them through important financial decisions – and an intentional plan for sharing wealth with their children. In addition, they want to free up precious time they’re spending pouring over balance sheets and coordinating with tax, legal, and estate advisors. Matter’s integrated, comprehensive family-office model is a perfect solution.
When we begin our work with multigenerational families, we typically:
- Provide an in-depth review of their whole financial world, outlining opportunities and risks to address in the short and long term
- Assess their existing professional support (accountant, estate attorney, CPA) to make sure technical execution is high-quality and seamless
- Help the whole family develop, communicate, and align on a shared vision and purpose for their wealth as well as a set of values to fuel their strategy and shape their legacy
- Work with them to develop a Family Strategic Plan that will grow their wealth intentionally and support the family for generations
As we activate their Family Strategic Plan, we thoughtfully reevaluate and evolve it together to foster continued alignment and engagement. At this stage, we often assign dedicated Matter teams to each member of the rising generation, helping them to manage their portfolios, make sound financial decisions, and plan for the future.
Matter’s ongoing support prioritizes communication and efficiency, so families can make smart decisions together without feeling mired in the details. And we work diligently to address day-to-day needs while preparing everyone in the family for bigger milestones and upcoming wealth transitions.
Our team:
- Provides strategic investment advice and consolidated financial reporting to all family members as appropriate
- Co-leads and collaborates with the family’s accountant, estate attorney, and CPA to be sure details are handled efficiently and effectively
- Provides education for the rising generation to help them embrace financial independence and wealth responsibility
- Facilitates family meetings to benchmark progress, prepare for milestones like weddings and home purchases, and share family stories and history
When working with multigenerational families, we strive to address each family member’s needs and stage of life thoughtfully and intentionally while keeping the family’s overarching strategy in mind. Our goal is for all family members to feel confident that the Family Strategic Plan is being executed on successfully and purposefully, and for everyone to feel well prepared for the path forward together.