In the family – How high net worth families manage their wealth
In these videos experts from Smith & Williamson discuss how high net worth families manage their money. Meetings may not all be done in a board room particularly when involving younger generations, but there is a lot to keep track of. How many external advisors should be involved? What services are needed? Is it necessary to have a family office? High net worth families may want to preserve their wealth for future generations, whether this be by custom, or a new success that they want to pass on. Not all families will take the same approach. Either way it is useful to take a fresh look at the family’s wealth and how it is structured, so that they can understand their financial position.