Discovery: The Foundation of our Consulting Process
In the Discovery phase, your Addicus Consulting Group team engages in a thorough collection of data and information about your financial enterprise — considering your family’s concerns, objectives, and dreams. Unlike other advisors, our team of experts does our homework, searching for exposures or opportunities to ensure we make inventive and fitting recommendations for your family wealth enterprise (FWE).
During this process, we outline the current state and interconnections of your FWE by creating a clear picture of what you currently own, how you own it, and how it is financed. This data, along with the information we gather in our intensive interviews determines how we can best assist you in accomplishing your goals. Ultimately, we deliver a draft family wealth enterprise plan, including schematics and other writings, expected payoffs, and benefits of implementing the team’s recommendations.
Discovery addresses the current state and needs of your family and business(es) so that our team can build a comprehensive plan custom-built around you. When the discovery process is complete, we will deliver a global current state analysis that includes:
- Comprehensive balance sheet with all entities, accounts, assets, and liabilities
- Full ownership and cash flow diagrams of your current family wealth enterprise
- Detailed five-year financial forecast for your enterprise, including cash flow projections
- Projected long range asset forecast over your lifetime
- Income, gift, and estate income tax projections
Our team will present a conceptual rendering of a plan designed to organize your enterprise, minimize exposures, gaps, or threats, optimize your capital efficiency, and reduce the frictions on wealth creation. We accomplish this in a variety of ways, but pay particular attention to:
- Organizational structure and tax elections
- Asset ownership structure
- Cash flow, treasury management, & related transaction design
- Liability control and risk management
- Federal, state, and multi-jurisdictional tax planning and structuring
- Business continuity and succession
- Estate transfer and tax planning
- Lending and capital structuring
- Family governance and benevolence planning
We welcome collaboration with your advisors and appreciate their experience and expertise as we value their perspectives and involvement in the decision-making process. At the end of the day, it is about “what is right for you, not who is right.” We intend to create the very best outcome for your family wealth enterprise and will be tenacious in our pursuit of those results. At times, we may rely on you, the client, to facilitate these working relationships to ensure the best collaboration to create the optimum outcome for you.
Please be aware that this initial phase does require a time commitment from you. Meetings are typically scheduled bi-weekly for the duration of the 90-day engagement. While the purpose of these meetings is devoted to gathering information about your FWE, we often hear from our clients that they get meaningful takeaways from each of these sessions.
Our Discovery phase is the first step towards a tailored, holistic financial strategy that aligns with your family's unique goals and dreams. Contact us now to schedule your initial consultation and begin the process of transforming your family wealth enterprise for generations to come. Your future starts with the right plan, and we're here to help you create it.
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Contact us today and we will be happy to provide more information about Addicus and schedule an introductory meeting.