Be Intentional About Risk
It is our experience that most wealthy families measure success episodically and in silos, putting taxes saved above the impact of the transferred wealth, or investment returns above risk. For many affluent families, taking investment risk is actually not even necessary in order to achieve their financial goals. Rather, risk is a preference. Despite this fact, most individuals take investment risk without knowing why, without understanding if it is too little or too much, without considering for whose benefit the risk is being taken. A similar disconnect occurs when an estate structure eliminates gift, estate and generation skipping tax, but provides a future generation with a level of wealth that is inconsistent with a client's values.
These disconnects are unintentional and are almost always caused by the failure to identify, consider and comprehensively manage the risks that are relevant to a family's unique set of objectives. These risks include the tangible ones related to investing, tax planning, and asset protection, as well as the more intangible ones, such as having the wealth be a productive contributor to the development of children and grandchildren.
Quintile's approach focuses families on their big picture. From that vantage point, we then help our clients identify and properly address the types of risk that are uniquely relevant to them. Ultimately, we want our clients to be intentional about all of the risks they take. We recognize that every choice has risk, and we are committed to providing our clients with the knowledge and clarity necessary to make informed decisions that position them for success.
