Insights/Family Wealth/Establish

    Establish

    $10M–$20M: Establish the System for Managing Family Wealth

    From 'I own things' to 'I manage a system.' At this stage, complexity is emerging but a full family office isn't yet needed.

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    Family Wealth Track

    Establish$10M–$20M
    Institutionalize$20M–$50M
    Governance$50M+

    Who This Is For

    This stage is for families with $10M–$20M in total assets. You likely have a mix of liquid investments, real estate, perhaps a business interest, and various retirement and trust accounts.

    You may work with multiple advisors (wealth manager, CPA, attorney) but lack a single point of coordination. Financial decisions are made reactively, and there's no consolidated view of your complete financial picture.

    What Typically Breaks at This Stage

    • ✕Multiple entities and accounts with inconsistent tracking—unclear 'who has what'
    • ✕Tax complexity rising; planning becomes necessary, not optional
    • ✕No consolidated view of cash flow, obligations, or total net worth
    • ✕Advisor relationships are siloed; no one has the complete picture
    • ✕Important documents scattered across locations and systems
    • ✕Financial decisions made without understanding full implications

    What We Implement

    • ✓Entity and account map: complete inventory of all holdings and structures
    • ✓Documentation discipline: centralized repository for key documents
    • ✓Family financial reporting framework: net worth, cash flow, obligations
    • ✓Basic governance rhythm: quarterly family financial review meeting
    • ✓Coordination with wealth, legal, and tax advisors
    • ✓Cash flow planning: inflows, outflows, and liquidity requirements
    • ✓Insurance and liability review coordination

    Operating Cadence

    Monthly

    • Account balance updates
    • Cash flow tracking
    • Bill pay and obligation review

    Quarterly

    • Net worth update
    • Family financial review meeting
    • Advisor coordination call

    Annually

    • Full financial picture review
    • Tax planning coordination
    • Insurance review
    • Estate plan check-in

    Typical Outcomes

    While outcomes vary, clients at this stage commonly see:

    • →Complete, consolidated view of family net worth and cash flow
    • →All key documents organized and accessible
    • →Quarterly rhythm for reviewing financial position
    • →Coordinated approach across all advisors
    • →Clear understanding of liquidity and obligations
    • →Foundation for more sophisticated planning as wealth grows

    Core Deliverables

    • 1Consolidated net worth statement (updated quarterly)
    • 2Entity/org chart and account inventory
    • 3Family cash flow statement and projection
    • 4Recurring reporting cadence and meeting structure
    • 5Document inventory and centralized access system
    • 6Advisor coordination calendar

    KPIs That Matter

    Total Net WorthLiquid vs. Illiquid RatioMonthly Cash FlowDebt-to-Asset RatioInsurance Coverage RatioTax Efficiency Metrics

    Related Insights

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    Establish the system that turns 'owning things' into 'managing wealth.'

    Schedule a Strategy Call
    Next: $20M–$50M (Institutionalize)

    Information provided is general in nature and is not legal or investment advice. Outcomes described are typical but not guaranteed and vary based on individual circumstances.