This is a tactical guide to holding on to family wealth. "Strategy for the Wealthy Family" sets out an integrated approach to all aspects of family wealth management for the modern wealthy family. This new model addresses managing the family itself, family business, family wealth management (protection, preservation, enhancement, transfer), philanthropy/charity, the selection and use of advisors, asset allocation, and the individual within the family. It offers practical advice on how to approach each of these areas and provides examples of how famous families have successfully or unsuccessfully managed their wealth. Mark Haynes Daniell (Singapore) is Chairman of The Cuscaden Group, an advisory and investment firm based in Singapore. He is also Director Emeritus of Bain & Company, a leading strategy consulting firm.
Preface.Dedication.Acknowledgments.Introduction.Mastering the Challenge of Family Wealth: Seven Principles of Strategy for the Wealthy Family.PRINCIPLE 1: A FRAMEWORK FOR FAMILY STRATEGY.1. The Elements of Strategy.2. Defining True Family Wealth.3. Categories of Financial Wealth and their Implications.4. Evolution Across Generations.5. Process and Content of Family Strategy.PRINCIPLE 2: FAMILY ORGANISATION AND LEADERSHIP.6. Family Identity, Vision and Values.7. Organization, Governance and the Family Constitution.8. "Heir Conditioning": Preparing the Next Generation.9. The Family "Eco-System".10. The Family Office.11. Family Leadership and Engagement.PRINCIPLE 3: FAMILY WEALTH PRESERVATION.12. The Lessons of Risk and History.13. Financial Discipline and Distribution Patterns.14. Tax Management and Asset Structuring.15. Establishing and Managing a Trust System.16. Estate Planning and Ethical Will.17. Risks To Family Wealth and Well-being.PRINCIPLE 4: FAMILY WEALTH MANAGEMENT.18. The Investment Process.19. Investment Profile and Investment Objectives.20. Understanding Asset Classes.21. Strategic Asset Allocation.22. Performance Reporting, Portfolio Risk and Cost Control.23. Private Banks, MFO's and Elite Family Investment Managers.PRINCIPLE 5: THE FAMILY BUSINESS.24. The Importance and Performance of Family Businesses.25. Family Issues in Business Strategy.26. Strategic Success for a Family Business.27. Managing the Family in a Family Business.28. Family Business Role in Family Wealth Management.PRINCIPLE 6: EFFECTIVE PHILANTHROPY.29. The History of Generosity.30. New Philosophy and Practices of Philanthropy.31. Practicalities and Benefits of Family Giving.PRINCIPLE 7: LIVING A TRULY WEALTHY LIFE.32. Mastering the Individual Challenges of Family Wealth.PRINCIPLES IN ACTION: PRACTICAL EXAMPLES OF STRATEGY DOCUMENTS FOR THE WEALTHY FAMILY.IntroductionExample 1a: Family Strategy Document for a Category I (US$5 million) Family.Example 1b: Family Strategy Document (Full Version) for a Category III (US$500 million) Family.Example 2: Family Constitution.Example 3: Trust Deed and Letter of Wishes.Example 4: Investment Policy Statement.Example 5: Family Business Strategy: Executive Summary.Example 6: Philanthropic Foundation Document.Example 7: Ethical Will.Bibliography.Index.
(0 Comentarios)
