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The GenSpring Wealth Management Process

Throughout our work with more than 350 families, we have learned a great deal about sustaining family wealth from which we have developed a patent-pending Wealth Management Process. It will help you and your family to progressively become more informed and organized in your approach to managing your wealth and more strategic in your decision-making.

The four phases of the Wealth Management Process are stepping stones on the road to sustainability. Each phase has a unique set of services and deliverables, which become the basis for your family's Multi-Generational Family Plan™ - a perpetual record of all of your investments, planning, and progress through the Wealth Management Process and a seamless body of knowledge that ensures clarity and continuity in the management of your wealth.

Phase I - Discovery

Our Wealth Management Process begins with you and the goals you have for your lifestyle, business affairs and other interests, and family. We seek an understanding of what benefits you want your wealth to provide. We analyze your past investments activities. We take responsibility for reaching out to and working with your other advisors. We work to aggregate your financial and legal information. We evaluate how your assets are owned and structured, and the impact they could have on your family.

Phase II - Organization & Planning

In Phase II we build a solid, integrated foundation around your financial capital and work to ensure that your investments, tax and estate planning, and risk management activities are seamless and sustainable. We provide you with a clear picture of your current financial situation. We introduce you to the best practices of other multi-generational families and provide you and your family with a variety of learning opportunities. And we help you to put together a strategic plan for sustaining your family's wealth in a way that benefits you and your family today and for generations to come.

Phase III - Values & Mission

In Phase III we help you and your family to work together and clearly define the purpose of your wealth. We help your family to collectively meet its shared responsibilities and pursue your mutual interests. We facilitate regular family meetings at the location of your choice while working to improve communication and build competencies. We work with each family member to define their values and help your family to understand its shared values. And we help your family to define and pursue its mission.

Phase IV - Legacy

In Phase IV we help your family to put in place a more formal, healthy family governance system. We help your family to evaluate the nine ways to organize family decision-making. We help you to create the structures and policies that will ensure the continuity of your family's decision making and the overall governance of your financial interests. We help your family and wealth to function like a family enterprise - family members willingly working together to preserve the intent and purpose of your wealth.