Multigenerational Investment Management
As a cornerstone of our Family Office approach, investment management goes beyond traditional portfolio construction. It requires a clear understanding of the full balance sheet, including business interests, private holdings, concentrated positions, and liquidity considerations, and the ability to coordinate investment decisions, including their tax implications, within that broader context. Our approach is grounded in an institutional, buy-side philosophy: we act as allocators of capital on behalf of our clients, not as distributors of product. This distinction shapes every aspect of how we build, monitor, and manage portfolios.
As Assets Grow, Strategy Evolves
As wealth increases, investment strategies often expand beyond traditional public markets to include private investments, direct opportunities, and more complex liquidity profiles. This progression requires a more institutional approach, one that considers how each investment fits within the broader financial picture, not just within a standalone portfolio. We build customized investment allocations based on each client's objectives and circumstances, rather than allocating assets to preset models.
How We Approach Investment Management
Integrated Balance Sheet Oversight
We consider the full balance sheet when making investment decisions, including both liquid and longer-term holdings, operating businesses, and other holdings. This integrated view helps ensure that portfolio design reflects your complete financial picture, not just the investable assets.
Includes:
- Investment policy development aligned to the full balance sheet
- Asset allocation informed by liquidity needs, liabilities, and asset concentration
- Portfolio rebalancing
- Risk assessment (financial and behavioral)
Manager Selection, Due Diligence, and Ongoing Monitoring
We evaluate, select, and continuously monitor investment managers across public and private markets, including the relationships clients may bring. Our due diligence process applies specific, differentiated criteria designed to identify managers who can contribute to better portfolio outcomes over time.
Includes:
- Manager evaluation and selection
- Continuing manager monitoring and review
- Private market due diligence
- Differentiated manager selection criteria
Reporting and Investment Insights
We provide a clear, consolidated view of your portfolio, along with regular communication and direct access to our investment team. Reporting is designed to support informed decision-making, not just document performance.
Includes:
- Performance reporting
- Custom reporting and analysis
- Investment team meetings and updates
- Tailored investment communications
Tax-Efficient Investment Management
Tax efficiency is embedded in our investment approach, not treated as a separate consideration. We incorporate tax implications into the way portfolios are built, managed, and adjusted to help improve after-tax outcomes.
Includes:
- Tax-efficient portfolio construction
- Capital gains and loss management
- Investment strategies designed to enhance long-term tax efficiency
- Coordination with broader tax planning
Private Investments* and Portfolio Integration
We incorporate private market investments within the broader portfolio, including private equity, private debt, and private real estate, ensuring alignment with overall strategy, liquidity needs, and long-term objectives. With more than 30 years of private market experience and a dedicated in-house research team, we thoroughly evaluate opportunities and select managers we believe have the greatest potential to generate strong risk-adjusted returns. Our investment recommendations are independent; we are not compensated by managers for capital placement, and our selections are driven solely by client objectives.
Includes:
- Private market allocation strategy across private equity, private debt, and private real estate
- Portfolio integration across public and private investments
- Capital flow and liquidity management
- Coordinated pacing aligned with long-term objectives
- Evaluation of outside investment opportunities presented to the family
- The ability to say “no” when an opportunity does not align with your objectives
What This Approach Provides
- Investment decisions informed by the complete financial picture, not just the portfolio
- A customized investment approach built around your circumstances, not a pre-set model
- Institutional-caliber oversight without the complexity of building your own internal team
- Greater tax efficiency across portfolio and investment decisions
- Independent guidance on every opportunity, including those brought to you from outside, with the willingness to say “no” when the fit isn’t right
Part of a Coordinated Family Office Approach
Multigenerational Investment Management is one of four integrated cornerstones. Strategic Planning, Wealth Administration & Coordination, and Family Engagement work alongside your investment strategy to provide a coordinated, complete view of your financial life.
*Past performance is not a guarantee of future results for any investment. Private market investments are not for every client. An individual must be qualified to invest in a private investment based on their net worth and/or other criteria, and they may qualify to invest in some private market investments while not be allowed to invest in other private market investments. Private market investments are not risk-free and there is no guarantee of achieving attractive performance compared to similar liquid investments. This material is not a recommendation, offer or solicitation to sell or purchase any security, and individuals should consult their own advisers before making any investment decisions. All investing involves risk.