Our Process

Comprehensive Financial Planning for our Clients


Process

CRN201510-175476


Best Practices in Successful Family Wealth Stewardship


I. Evolving the Conversation


“I want to further ensure that your intentions, as outlined in governing documents, are protected, as well as, you and your beneficiaries liabilities are mitigated.”

To ensure the wealth transition event (e.g. death benefit proceeds, qualified plan beneficiary distributions, inherited assets) is stewarded the way your family intended.

  • Clients that have life insurance policies owned by trusts
  • Clients with family/living trusts with investable assets
  • Blended families, elder/infirmed widow or widowers
  • Significant wealth, a family business & a struggle for control
  • Dysfunctional family
  • Dilatory, tyrannical, or conflicted fiduciary
  • “The officious interloper”

[From “Probate Wars of the Rich & Famous: An Insider’s Guide to Estate Planning and Probate Litigation” by Russell J. Fishkind, Esq.; Published by John Wiley & Sons; Copyright © 2011]

II. Risk Audit Process: Paper (Fiduciary) & Money (Investment)


Why we need to conduct a fiduciary & investment risk audit and why you should care.”

Review and run an analysis on trust documents and investment statements to ensure trustee and beneficiary protection from wealth destruction.

  • The Fiduciary Audit – Document, Transaction & Trustees
    • Trustee and successor trustee appointments
    • Trust Document & Investment Policy Statement Review
      • Performed by in-house attorneys and CIO
      • Referral to Trust & Estate Attorney for drafting
    • Fiduciary Duty to Clients-Investments & Governing Documents

  • Investments Audit – Assessing Portfolio Construction Risk
    • Investment Policy Statement (IPS) Review (or New Drafting)
    • Review to identify if assets are allocated based on risk tolerance and time horizon
      • Portfolio review of diversification and investment selection process
      • Managing Assets & Liabilities (future income streams)
    • No Proprietary Funds or Third-Party Remuneration Agreements
      • Alpha, Beta, & Correlation matrix
  • Performed by Aligne and Chief Investment Officers




    The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Our representatives are not authorized to give legal or tax advice. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal tax or legal counsel.

 

CRN201508-171110