More Than Money

CHAPTER 12Integrating Tactical Wealth Management

Because strategic wealth management is so often relegated to second‐class status behind the tactics related to building and protecting a family's assets, this book has dealt largely with strategy.

This is not to say that tactical wealth management isn't a critical pursuit. A family cannot successfully manage wealth without a tactical plan because strategic wealth management, despite its importance, is not a stand‐alone proposition. The true formula for increasing wealth and sustaining it over generations is the integration of tactical wealth management and strategic processes. One is not nearly as effective as both.

The order in which these two disciplines are taken up is different for every ...