The Super Rich (those with a net worth of $500 million or more) who have a family office typically engage a sizable line-up of professional advisors to help them create and implement financial plans. To ensure those plans are both state-of-the-art and in line with their needs and wants, many of the Super Rich regularly “stress test” these plans.
Here’s why you should join them in that effort—even if your net worth is not yet in the multi-million dollar range.
As part of our Stress Test, we’ll meet with you for a Discovery Meeting. Hopefully, we can confirm you’re on track to meet your goals. If not, we’ll suggest ways in which we can help, including recommending someone else if we determine we’re not a good fit for your needs. Either way, you’ll receive a personalized analysis of your current situation.
Stress testing is a very powerful form of a second opinion—and getting second opinions is very characteristic of successful family offices. More than nine out of ten single-family office senior executives we surveyed had stress-tested financial services and products they were considering for their affluent family clients over the past five years.