Family Matter by Kevin Heaton
Follow i3’s Founder and President, Kevin Heaton, as he puts pen to paper to reflect on his twenty-plus year career as a CFO for high-net-worth families on his Substack Blog, Family Matter.
Orchestrating harmony among family members is the first step in successful asset management.
Our journey begins with opening all lines of communication. With an eye toward healing, we work to mediate economic disputes between family members. By facilitating meaningful conversations—and at times, asking the tough questions and demanding accountability—we build the trust necessary to keep families together long after the dispute is settled. We know this step is critical in a family’s path forward.
Get in touch with a member of our team to start a conversation about how we can help your family.
The Family Constitution forms the framework that connects family members, family offices, family businesses, family investment companies, and family trusts. Through clearly defined amendments, family members and their advisors ensure the smooth governance of the family’s affairs and interests for generations to come.
The Family Investment Policy provides a structure for managing family investment assets and prescribes the framing, content, and administration of public and private assets. It establishes a clear understanding of the investment goals and objectives of the family.
Education is, in large part, what is most critical to any Family Office. At i3, we’ve found the most successful way to educate the new generation of stakeholders is via the Family Constitution, which assures understanding of the rights, values, responsibilities, and rules applying to stakeholders in the family wealth.
In working with trusted advisors, high-wealth families have the opportunity to inventory, review, and create a strategy to preserve and grow wealth through private assets.
We recognize the complex dynamics at play when multiple generations of a family are involved with the growth, management, and disbursement of wealth. Our expertise in mediating challenges for high-net-worth families comes from firsthand experience and deep private asset management insights.
Follow i3’s Founder and President, Kevin Heaton, as he puts pen to paper to reflect on his twenty-plus year career as a CFO for high-net-worth families on his Substack Blog, Family Matter.
In my 20 years of meeting with family-owned enterprises and managing family wealth, I have yet to meet a family who is free from the struggle of defining fairness among family members. Why is it so hard to define fairness?
Watching Meghan Markle and Prince Harry’s interview with Oprah earlier this spring, I could not help but wonder how the Royal Family felt while watching the interview, or even how they felt when first hearing of its existence. If I had to venture a guess, their emotions likely spanned anger, frustration, confusion, retribution, indifference, or…all of the above.
WATCH VIDEO: i3 recently hosted the experts from Black Lantern Security, Dr. Philip Hartlieb and Larry Campbell, for a 90-minute session geared toward family office and family business data security.
Mar 26, 2020 03:00 PM EDT
The question for every Family Business becomes one of recovery after the event; how do we rebuild short-term losses and communicate resiliency to our customers, employees, vendors and communities?
i3 CEO Kevin Heaton enjoyed contributing to this
Forbes article from Christopher Carosa on #FamilyBusiness Owners’ Three Biggest Practical Personal #Wealth Questions