Under a single roof
Because many successful people are under a great deal of day-to-day pressure, by necessity they focus on the short-term demands of family, career and community—often to the exclusion of long-term financial planning. One of the unintended consequences is so-called segmented planning: An assortment of financial firms and advisors are consulted, each to handle an immediate or isolated issue—and none is in a position to see all the financial pieces or to coordinate them. The result is like a football team with strong players but no coach. All too often, affluent families lose significant sums to inefficiencies and missed opportunities. Even worse are the potential gaps: an insurance policy you should have had that could have saved your family millions of dollars—if only each of your advisors hadn’t thought someone else was taking care of that issue.