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Family Wealth Management: Seven Imperatives for Successful Investing in the New World Order by Tom McCullough, Mark Haynes Daniell

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Chapter 14

Long-Term Strategy Document (Example)

Long-Term Strategy (LTS): The Reynolds Family

For the period [Year 1] to [Year 3], but also addressing the next three generations of the family.

The LTS sets out the plan for the management of the family wealth and investments of the Reynolds family and its entities.

  • The family context
  • Family goals and objectives
  • Family balance sheet and SWOT analysis
  • Long-term strategy
  • Family elements of LTS
  • Family financial ecosystem and advisor selection
  • Economic and financial market perspectives
  • Asset allocation and investment policy
  • Asset classes and strategies
  • Operational considerations
  • Performance reporting and risk and cost management

The Family Context

History

The Reynolds family history stretches back over 350 years in this country. Arriving as early settlors and landowners, the family has grown and spread across the country, with branches now on both the East and West coasts.

Shaped by a Protestant work ethic and a low-key approach to public profile, the family has had a long history of substantial wealth, although rising and falling across various generations, and with the original property and investment wealth spread increasingly broadly across the various branches and members of the family.

With the Reynolds family’s passion for aviation and the postwar founding investment in the Reynolds Aviation Group (RAG), the stage was set for the dramatic increase in the family fortune. After an investment by two major private equity houses, ...

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