Our Clients' Stories - Family Office Services

July 20, 2022
Our clients' stories say it best.

An accomplished entrepreneur recently consolidated his wealth management relationships with our affiliate Hemenway Trust Company. He was convinced to do so after he requested that we assess his investments because it was difficult for him to review across multiple managers. We learned through our analysis that he was overexposed in certain asset classes, had too many illiquid investments, and there was little attention to long-term tax consequences. The result compromised his investment returns. When we consolidated his resources, we created a holistic financial and estate plan. We brought insights from a team of attorneys, tax experts, and investment management professionals to optimize results.

A next generation philanthropist gave birth to a new organization with a vital mission. In recent years, a third generation family member of a longstanding client and philanthropic family had a vision for a program to engage youth. Our team has been there every step of the journey to help realize the vision formalizing governance, advising on fundraising, investing the portfolio, and administering grants. Our client appreciates working with our team's younger advisors; their energy and determination has been instrumental in bringing the dream to life.

A soon-to-retire business owner enjoyed the enviable position of forming a successful biotech startup, growing it into an IPO and receiving stock option incentives. Our family office team has designed estate plans for the family and helped gauge the timing for exercising options. Team members have guided targeted philanthropy that reflects our client's scientific interests. We have helped present wealth education to his children - this father wanted his kids to work hard, as he had. Our client's convictions and philosophy have been interwoven into all aspects of planning.

A couple in their mid-sixties with extended family came to us realizing they had been busy with careers and kids, and had deferred essential and impending retirement planning. We helped identify, and began to solve, a range of issues. We first established financial plans focusing on retirement investments, led by our affiliate Hemenway Trust Company. We sourced care for their older parents. We next initiated a series of family meetings to plan the transfer of shares of their vacation home to their children - helping untangle conflicts by endowing a fund for future taxes and creating conservation easement on their lands. Our team continues to collaborate on creative solutions.

Our client's son suffered a traumatic brain injury, and suddenly needed round the clock support. After helping settle her son into immediate care, we focused on long term planning - including legal planning for trusts, tax planning and payment, financial planning, and supervision of in-home health care providers. But even more invaluable has been the compassionate connection. The estate planning attorney is a former oncology nurse, and at teach step she brought a special understanding and encouragement. She has become an honorary member of the family - even traveling across the country to attend birthday parties.

Some details have been changed to protect confidentiality.

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