As a wealthy individual, you are working to protect and grow your wealth, enjoy financial security, and build a lasting legacy. Effective investment management is critical, of course, but successful wealth management is an integrated and strategic discipline which also includes tax, estate planning, philanthropy, governance, and family culture. Each family's situation is unique, and no one solution will suffice for all.
During the PWM program, you will:
- Clarify your family and financial goals.
- Design a strategy to preserve and manage your wealth.
- Oversee financial advisors with greater confidence, accountability, and results.
The program incorporates case studies, lectures, and small and large group discussions. Because some of the most valuable learning in the course takes place in the shared experiences among classmates and peers, we create a confidential and solicitation-free environment. All participants must sign a confidentiality agreement before joining the course.
To facilitate the interactive nature of the course experience, enrollment is limited. Please submit your application by:
- March 1, 2019, for the spring program
- September 1, 2019, for the fall program
This program is also offered in Spain.
LOCATION
Chicago Booth, Gleacher Center, Chicago IL
A terrific, relevant subject. This entire seminar was thought provoking, purposeful and very well organized.
- P.J. Thompson, President, Trans-Matic Mfg Co. Inc.
A+ -- best wealth management seminar I have ever attended.
- David W. Burleigh, Partner, Buechner Haffer Meyers & Koenig
Excellent program and I would say better than others that I have attended. I found it extremely beneficial to attend with my family, and we liked that the program's structure allowed time to share knowledge and learning with each other and fellow classmates.
- Kristen, past participant
My family learned a great deal from the knowledgeable faculty and interaction with other participants. Attending with my family was enormously valuable and I would highly recommend it -- we could discuss the sessions and how they related to our situation, further cementing what we learned.
- Esther Brabec, past participant
Rare to have access to this quality of participants, academics, and professionals. Great experience not solely based on program content, but total class.
- William Brewer, CEO, Cornell Forge
The course provided the perfect launch platform for setting my financial objectives and beginning the exercise of deciding on investment strategies and confronting the overall wealth management challenge.
- Guillaume Cuvelier, Founder and former CEO, SVEDKA Vodka
The course was incredibly interesting and thought provoking. The true 'transparency' of shared information by faculty and participants was especially refreshing.
- Kathy Leventhal, past participant
The organization and planning of the program was very good. Excellent lectures and group orientations and networking.
- Andres Araujo, Director of Trademarketing, D'casa
This is a must course for anyone interested in a multiple generational approach to investing and wealth management. The perfect balance between new insights and confirmation of long held beliefs.
- Steve Richardson, COO, Alamosa PCS
Your program covered a great deal of complex material and made it come to life! As a result of what my wife and I learned, we are going to make BIG changes in our portfolio. It is a long trip from Shanghai, but I can honestly say it was one of the most valuable weeks in my life.
- Patrick Hopkins, past participant
The PWM program is the most profound education ever delivered to me. Thinking of wealth as ‘well being’ will likely enhance the lives of the Guminski family for generations.
- Christine Guminski
This program is for wealth owners only, with financial assets of USD $10 million or more. Single family office executives may attend with principal family members, but other financial advisors may not attend.
Private Wealth Management is designed for US and international individuals and families who have built significant wealth in this generation, have inherited family wealth, or are contemplating or have recently experienced a transition, such as a liquidity event or change in family leadership.
PWM will be of greatest interest to those:
- Striving to maintain prosperity and a flourishing family through retirement and, for many, across generations
- Contemplating—or recently experiencing—a significant liquidity event, whether through the sale of a company, inheritance, or other major wealth transition
- Committed to engaging their families in more productive dialogue about the challenges and opportunities of wealth
- Seeking added confidence to evaluate and select financial advisors and/or to set strategic direction for a family enterprise
We have found that multiple members of the same family—husband and wife, parent and offspring, cousin and cousin—derive considerable benefit from taking the course together. The program gives them a foundation for continued productive dialogue well into the future.
ENROLLMENT REQUIREMENTS
Completed applications should be submitted as early as possible. Candidates will be notified of acceptance within one week. Application does not guarantee admission; candidates will be selected on their ability to benefit from, and contribute to, the program and valuable peer-learning environment.
Program Outline
You will learn practical, tested, and actionable frameworks:
- Learn the key value drivers for preserving and growing wealth and how to use them, wherever in the world you reside
- Define your financial and family objectives within a comprehensive family enterprise management strategy that is consistent with your business, family values, and personal circumstances
- Explore family purpose and values within the context of a family enterprise. It’s a lot of work—is it worth it? Why?
- Delve into investment fundamentals and theory through two concurrent tracks. Track one is an introduction for those who have limited investment background. Track two is for participants who want a deeper dive into the nuances of asset allocation “factors”—such as value, momentum, and quality— that affect performance and the way value added, or “alpha,” is measured. Is past performance a good predictor of the future?
- Examine real estate as an important asset-class complement to equities and fixed income. Depending on how real estate is structured, it can have significant tax benefits that put more of the return in your pocket
- Select an investment strategy that is realistic, prudent, tax-efficient, and actionable given the time and resources you have to commit
- Learn the differences among the investment, brokerage, and wealth management industries, and their complex relationships and incentive systems. How can you align their interests with yours?
- Decide how to evaluate, select, and oversee the firms and individual advisors who are right for you and your family. Do you make decisions based on trust, service, or performance?
- Build performance evaluation, good reporting, and accountability into your relationships with your advisors
- Learn how trusts and other sophisticated planning instruments can reduce tax exposure, protect privacy, provide flexibility, and serve a family’s many generations without potentially spoiling them
- Explore governance systems that help your family steward assets wisely and encourage your family members to flourish. After all, human capital is your family’s most important asset
- Learn five lessons from families that successfully maintain and grow their wealth within thriving families for multiple generations. These lessons can be rolled up into the concept of “entrepreneurial stewardship” that reinforces rigor and vigor. Wealth doesn’t necessarily demotivate; in fact, wealth and the skill to use it purposefully is a powerful combination
- Finish the program with a list of action items that will make a real impact on your wealth management