It is wise to direct efforts focused on identifying and acquiring assets that meet the current and long-term needs, establishing a healthy balance for risk/reward appetite, and meeting the goals of an investment timeline during a recession period and beyond.
“i3 is proud to have grown its private asset management and family CFO services business over the past twelve years solely through client referral” said CEO Heaton. “Perfecting what works has allowed i3 to steadily refine our services and evolve our methodologies and deliverables.”
Suffering an investment loss happens to most investors at least once, and a major loss can result in trauma that can be hard to overcome if not managed properly. The key, experts say, is turning from the loss toward a plan of action and recovery rather than fear and inaction.
Leveraging the expertise of a Family Office, families can conduct the due diligence necessary to identify all sleeping filing cabinet assets and in essence, wake them up. Through this strategy, there may be opportunities for reevaluation of investment position, reinvestment opportunities, and more important, held-asset risk analysis.
Whether inherited over generations or newly created through the success of a small business grown large, the management of high wealth – if handled poorly – can be the catalyst for a crisis of stunning proportion that reverberates from one generation to the next. It can be the collapse of the entire family foundation. It can be the storm of the century.