Investor Discussion Panel #003 - What Are Larger Family Office Wealth Managers Looking For Next? | Summary and Q&A

TL;DR

Panelists discuss strategies for multi-family office mandates and provide advice on navigating the current crisis.

Key Insights

• 👪 Multi-family offices focus on serving high-net-worth families with long-term wealth goals, including intergenerational and charitable objectives.
• 💋 The panelists emphasize the importance of sticking to long-term plans and not being reactive during times of crisis.
• 🤩 Strategies such as tax planning, alternative investments, and cash liquidity are key in managing portfolios during uncertain times.
• 🛟 Alternative investment strategies like life settlements and permanent life insurance can provide stability and diversification to a portfolio.
• ❓ There may be opportunities in different sectors arising from the current crisis, and being prepared for them is crucial.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What advice are you giving your clients during the current crisis in terms of managing their portfolios?

The panelists advise clients to stick to their long-term plans and not be reactive. They emphasize the importance of cash liquidity and waiting for economic indicators before making any investment decisions.

Q: How are you positioning your clients' portfolios to minimize the impact of the crisis?

The panelists mention that they had already positioned their clients' portfolios in anticipation of a potential downturn. They focus on tax planning, such as Roth conversions, and explore opportunities in different sectors.

Q: Are there any specific alternative investment strategies that your firm is currently exploring?

Two alternative investment strategies mentioned by panelists include life settlements and permanent life insurance. These are considered risk-off assets that offer stability and can be included in a portfolio to mitigate other risks.

Q: What types of talent or positions is your firm currently looking to hire?

One panelist mentions that their firm is still in growth mode and is actively looking to hire professionals to manage client relationships and deal flow. They are seeking individuals who can assist with client management and sourcing investment opportunities.

Summary & Key Takeaways

• Panelists Forrest Brian, Richard C Wilson, and John Lafleur introduce themselves and their respective firms, highlighting their focus on serving high-net-worth families.

• The panelists emphasize the importance of sticking to long-term plans, even during times of crisis, and not being reactive. They recommend staying cautious and focusing on cash liquidity.

• Strategies discussed include tax planning, alternative investments (e.g., life settlements), and taking advantage of opportunities that may arise in different sectors.