Family Board of Directors™
Our clients wish to provide financial support for the education of their children and grandchildren, they wish to enjoy retirement without financial stress, they wish to support charitable causes, and they wish to leave something meaningful behind for future generations. Accomplishing these goals requires much more than a well-managed portfolio. We integrate investment advice, estate and tax planning, and a variety of time and headache-saving administrative and specialty solutions to provide seamless, comfortable, and comprehensive wealth management.
Through years of working with successful families, we have created a work model: the Family Board of Directors. A Family Board empowers multigenerational families and their trusted advisors to make prudent investment and business decisions.
The concept of a Family Board requires clear communication, a collaborative spirit and mutually beneficial goals.
Summary of services
Frequently Asked Questions
Who is on my Family Board?
"Family Boards" assemble family leaders, trusted advisors and esteemed colleagues. Family Boards, like corporate boards (and perhaps more so) gain advantage from independent board members. With a Family Board you and your family are always in control. Together, we avoid dangers and explore your options and opportunities.
What Does a Family Board Accomplish?
- Coordination between family participants and among professional advisors
- Simplification of complex intra-family transactions and tax strategies
- Discipline to follow through on major plans
- Accountability to your own expressed goals
- Empowerment of heirs to learn a deeper meaning to their wealth and make wise decisions
- Comfort through consensus building, dialogue, collaboration and trust
- Enlightenment about financial issues, opportunities and trends
How do Family Boards work together?
We hold regularly scheduled Family Board meetings with you to review performance and plan ahead. Our personalized meeting process has proved invaluable to our clients—they have profited from opportunities and avoided dangers and mistakes.
Family Board meetings incorporate
- Structures for thinking
- Structures for making decisions
- Structures for taking action
- Structures for communication
- Structures for adaptation
Why should I have a Family Board?
Coordination between financial, legal, accounting, compliance and other trusted advisors improves efficiency, reduces errors, and results in better decision making. Formalized meeting processes, including use of published agendas and minutes, focuses efforts and improves accountability.
For multigenerational family estates seeking our Family Board of Directors™ services please contact Michael Tillman, Founding Partner.