Discover the secrets of financial success as Marco Quevedo delves into the intricate world of Family Office Team Collaboration
Wealth management can be confusing and overwhelming for families, especially those with significant assets.
It involves more than just investing in assets; there are several elements to consider to achieve the family's financial goals.
Marco Quevedo explains some of these elements in the latest episode of Tech Careers and Money Talk.
These include:
✅ Investment policy statement:
Defines the family's goals and strategies to achieve those goals.
✅ Governance-oriented documents:
Outlines the family's decision-making processes and structure, often involving the board of directors and investment committee.
✅ Communication:
The older generation typically passes down wealth through education and communication about wealth management, enabling future generations to understand and manage assets better.
✅ Family office team:
Consists of professionals with different functions, from investment managers to lawyers, working together to achieve the family's goals.
✅ Cooperation and harmony:
All elements must work together seamlessly to achieve the family's goals and needs.
Managing wealth requires a comprehensive approach that goes beyond just investing.
Families need to consider different elements, such as investment policy, governance, communication, and team functions, to achieve their financial objectives.
To learn more about wealth management, listen to the latest episode of Tech Careers and Money Talk with Marco Quevedo and share it with your network.
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