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Typical Needs of Wealthy Investors

While each individual or family has a unique mix of goals and requirements, they frequently share a need for planning and investment expertise and resources, and other support.  Forward-looking, wise management is the most commonly needed ingredient.

In our previous piece, Nearing an Exit: Questions to Ask Yourself and Others, we outlined the types of questions ultra-high-net-worth individuals and families might ask themselves as they begin to think about substantial wealth, its application, preservation and accompanying issues.

We noted the relevance of the questions and answers vary as widely as the people weighing them. But, in our experience, we do observe some common considerations. These broadly center on understanding one’s goals, how best to use and deploy capital for maximum satisfaction (broadly defined) and the thought processes and resources to do so. 

Here we describe these needs and some approaches to meet them.  We believe in ensuring plans closely fit the individual and aspects of their specific situation – but that can be expensive.  So it’s helpful to first define the audience – to whom these perspectives might be helpful based on level of wealth.

From a practical standpoint, if the benefits of a holistic solution significantly outweigh its cost and effort at your level of wealth, then you’re in the target audience. By “holistic,” we mean solutions incorporating investment, financial, income tax compliance, estate planning and other relevant considerations.  As a rough estimate, individuals and families with total net worth exceeding $10-20 million will likely find value in at least some of the elements we describe below.  Along with wealth, the complexity of a family’s circumstances often increases and thus the potential net benefits of the holistic approach.

At BCA, we have wide-ranging experience across these topics and would be pleased to talk with you to help evaluate these benefit/cost tradeoffs.  

This is part of the Ultra-High-Net-Worth Investors: Preparing for What’s Ahead series. Continue reading similar content below:

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Understand the key functions of Family Offices: which aspects are best suited to highly qualified third-party providers and which to dedicated staff. Some ways to think critically about directing and coordinating a family office network.

Strategic Planning

For those beginning to think about the sound management of wealth, possibly around an exit from a large investment, the following outlines some questions we might ask. The questions range from the sublime – family and philanthropic goals – to the more mundane – investment, administrative and tax matters. As you revisit your life goals and begin to embrace this new undertaking, identifying those resources that can help and how to engage with them is likely to become an early priority.

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BCA is not for everyone – and we are proud of that distinction. We look for a select group of individuals (and their entities) whose financial position and preferences enable them to thrive while working with us.

We welcome your interest. Please give us at call at +1-406-556-8202 or fill in the form below to set up a confidential exploratory consultation.