Titlebook: Advising the Ultra-Wealthy; A Guide for Practiti Gregory Curtis Book 2020 The Editor(s) (if applicable) and The Author(s), under exclusive

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https://doi.org/10.1007/978-981-19-4888-6ties, charitable foundations, and so on. But while the size of the capital may be similar, there are profound differences between institutional capital and family capital. This chapter discusses these important differences, from the non-taxable nature of institutions to the vastly more complex structure of families.

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Zhonghai Ni,Renjie Li,Jianzhuang Jiange policies there will be that should be written down and reviewed from time to time. These will include at least an investment committee operating manual, a spending policy, and guidelines for separate account managers the family uses. There may also be family constitutions, family values statements, and so on.

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Perspective of the Clinical Centerly responsible investing (SRI), Environmental, Social and Governance (ESG), impact, and so on, are becoming mainstream, especially for younger family members and women. You will need to understand what is involved in SRI and how best to investment the family’s capital in ways that both produce sound returns and meet the family’s values.

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,They’re Selling the Family Company: Now What?,identify with liquid capital? This chapter assumes that the family has decided to sell its company and walks through the steps the family will—ideally under your guidance—take in order to be ready for the liquidity event and to make the successful transition from company owner to capital owner.

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Book 2020d the ‘merely’ wealthy. With this in mind, the chapters devote little time to issues on which most financial advisors spend most of their time—retirement planning, IRA accounts, home mortgages, planning for college tuition, or financial planning in general. Practitioners working with the ultra-wealt

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