“Proper Preparation Prevents Poor Performance” the more polite version of the British Army’s “seven Ps”.
Managing a family’s wealth follows the same mantra – the process of understanding your financial situation to formulate a plan to achieve your objectives.
At its core, this plan should act more as a roadmap or an overarching approach, designed to be able to address the almost inevitable changes in circumstances and/or the regulatory environment. As an American living internationally, this approach is even more important as it is a way of dealing with the additional complexity of multiple jurisdictions and currencies.
In this 8-part series, which we will release on a monthly basis, we discuss the key parts of developing and maintaining a roadmap using real life examples with contributions from professional advisers across the private client world.
