Stonehaven takes a holistic approach to money management. We realize that for many people the primary purpose of their hard work and their wealth accumulation is to protect their family and build opportunities for them. We collaborate with our clients and their other outside advisors to help achieve that goal.
At the same time as developing well-structured portfolios, we know there is more to wealth management. We understand that family dynamics are often very delicate and complicated. However, years of working with families of wealth has given our founder lots of experience working with families, who may need help because they are dealing with previously adopted plans that have focused on purely portfolio management, while unfortunately neglecting the importance of the personal issues of wealth management. Experience shows that often family dynamics may have a huge impact on the potential to greatly improve or negatively impact the family’s wealth position.
The generation of wealth generally comes with many obligations and many demands on time, both professionally and socially. We realize that wealth enables tremendous opportunities but it can also lead to many complications. The generation of wealth makes many demands on time, which often has unintended adverse consequences. We work as a resource for our clients to help them address the personal and wealth management issues that they value most and which might otherwise go unaddressed.
We also work with families to design customized plans to help them support the values they believe in. From our extensive experience working with families of wealth, we have acquired techniques that are designed to help preserve and aid family development. We endeavor to help our clients avoid the pitfalls, where wealth does not achieve the goals of those who earned it and hard earned wealth unintentionally ends up leading to the disintegration of the family. We work with families to avoid these unfortunate circumstances and to endeavor to help families, who are having issues, develop strategies to get back on track.
We have worked with families in crisis caused by family businesses that had eroding trust or lost vision due to an unaddressed lack of communication. We have worked with families looking for ways to bolster their children’s self-esteem, catalyze their children’s self-development and/or find ways to help them to grow into wealth gracefully. We have also worked with families who are threatened by unresolved issues surrounding family compounds or other family shared properties. We have worked with families in crisis because of estates or trusts that were left to them, but were misunderstood or simply did not meet their expectations.
Often, we can work with the family to change the dynamics of less than ideal situations. We work to aid our client’s find the catalysts needed to help them grow together and learn how to solve challenges in order to improve their happiness and more effectively utilize their wealth. Often what is missing in a wealth plan is not more wealth, but how to use and allocate the wealth in a way that nourishes those who have it.
We are happy to discuss your particular situation and make recommendations about the strategies we might employ. Please do not hesitate to call us, 978-430-0150.