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Total Family Wealth: Integrating Portfolio, Business, Property and Private Investment

“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.”

— Franklin Delano Roosevelt

Course Overview

This course offers a practical approach to family wealth management, which is essential for any family legacy strategy.

Each family needs to develop its own approach to wealth management. A solid foundation of financial market and investment expertise should underpin each approach. Understanding the positive and negative history of private and family investing is also required.

HEADING COMING SOON

Many families are becoming more interested in sustainable and impact investing. Direct investing, co-investing and other sources of “finding alpha” and reducing concentration risk in turbulent modern markets are also integral to many wealth management agendas.

Objectives

This course will teach you how to develop a family-specific approach to wealth management. Topics that we cover include family wealth vision and objectives, investor profile, process, asset allocation model and risk management policies.

The overall objective of this course is to give you access to the most important practices and principles to avoid the pitfalls of private investing – allowing you to put in place the disciplined professional approach required to become a successful long term investor of your family wealth.

Instructors

Mark Daniell, Hogi Hyun, Barbara Ann Bernard

Book Title	Section / Principle	Chapters / Examples
Strategy for the Wealthy Family	Principle 4	Chapters 19-23 Examples 1a, 1b, 4
Family Legacy and Leadership		Chapters 2, 3,4, 12-16
Family Wealth Management: Seven Imperatives for Successful Investing

Sample Course Video

Your course progress

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Course Modules

Establishing a Disciplined Professional Process for Wealth Management
- WMA1101: Introduction: Wealth Management
- WMA1102: Family Wealth Management
Aligning Family Philosophy of Wealth, Vision and Values with the Approach to Wealth Management
- HVV1004: The Family Philosophy of Wealth
- WMA1103: Being a Good Owner of Family Wealth
- WMA1202: Setting Family Goals
Determining a Long-Term Strategy and Asset Structures for Total Family Wealth
- WMA1005: Perspectives on Business and Portfolio Diversification
- WMA1009: Differences Between Institutional and Private Investing
Set an Investor Profile and Practical Framework for the Family Investment Portfolio (Including GBWM, Asset Allocation, Risk Management and Mega-Theme Investing)
Timing and Approach to Forecast Investments, Dividends and Distribution Schedules
- WMA1001: Introduction: Asset Structuring and Estate Planning
- WMA1003: Asset Allocation
- WMA1104: Long-Term Wealth Strategy Document
- WMA1006: Questions: Asset Structuring
- WMA1007: Questions: Wealth Management
- WMA1201: Building a Wealth Plan
- WMA1203: Alternative Assets Overview
- WMA1204: Asset Classes 1: Cash and Fixed Income
- WMA1205: Asset Classes 2: Equities
- WMA1206: Asset Classes 4: Alternative Asset Classes
- WMA1207: Approaching Investment Risk
- WMA1208: Family Balance Sheet
- WMA1113: Introduction to Perspective of Wealth
- WMA1109: Consolidated Reporting and Active Cost Management
- WMA1110: The Differences Between Institutional and Private Investing
- WMA1111: Best Practice in Private and Family Investment
- WMA1108: Selecting Specific Investments for Your Family
- WMA1101: Introduction: Wealth Management
- WMA1112: Importance of Preserving Family Wealth
- WMA1206: Alternative Asset Classes
Selecting and Managing Managers
- WMA1007: Selecting Specific Investments for Your Family
- WMA1105: Annual Investment Policy Statement (IPS)
- WMA1106: Perspectives on Business and Portfolio Diversification
- WMA1107: Family Financial Ecosystem
Effective Tactics: Selecting, Holding and Selling Specific Investments
- WMA1006: Family Financial Ecosystem
Sustainable and Impact Investing
- WMA1008: Consolidated Reporting and Active Cost Management
Direct and Co-Investment Opportunities
Monitoring and Managing Portfolio Performance, Costs and Risk
Drafting the Annual Investment Policy Statement
Role of the Family Office
Selecting and Managing an Ecosystem of Trusted Financial Advisors
Family Education and Succession in Wealth Management