Caledonian Global Financial Services – Meeting the Needs of Ultra High Net-Worth Families

Wealth management strategists must have an extensive backlog of skills and expertise in portfolio management and asset allocation. However, how skilled are they in negotiating the organizational structure of ultra high net-worth families?

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The management of ultra high net-worth families presents unique challenges to wealth management firms. Unlike individuals or corporate entities, families can have a delicate interpersonal dynamic that can be highly demanding to manage. While professional spheres allocate specific duties to dedicated individuals, family members will often manage a broad spectrum of tasks without necessarily possessing the requisite expertise. Moreover, the emotional components can present difficulties and conflict within the family structure.

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When it comes to the wealth management of ultra high net-worth families, many wealth management services cannot negotiate the delicate terrain of multi-generational client needs. Because many ultra high net-worth families are managed internally by stakeholders and family members with divergent levels of expertise, agendas, and sensibilities, it is critical that advisors approach the individual situations with conflict resolution strategies and strong emotional quotient skills. Furthermore, full and fluid channels of communication must be established between client and advisor, so that both the overarching and internal challenges can be met directly and effectively.

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Caledonian Global Financial Services provides comprehensive wealth management services for both corporate and personal clients. Because client needs are paramount, Caledonian prides itself on maintaining consistent, productive, and open communications. Caledonian Global Financial Services is dedicated to structuring personalized asset management strategies, and tailoring all services to the client's particular needs. Whether the client is an individual or a part of a familial structure, Caledonian is prepared to honor any specific requirements pertinent to that client's current and future financial situation.

Caledonian Global Financial Services has spent more than 40 years helping clients achieve financial success. To learn more about Caledonian's services, please visit www.caledonian.com.