Continuity Planning: A Trusted Advisor Is Key
Twenty years ago, our vision was to create a truly independent and objective wealth advisory model for families seeking an integrated approach to wealth and legacy planning. Today, as one of Canada’s oldest and largest fully-independent multi-family offices, Richter Family Office (RFO) has a reputation for providing our families with unique access to best-in-class investment solutions and niche strategies from around the world, as well as a trusted partner within the global investment community. And while access is important, putting the interests of our clients first ensures transparency on fees and potential conflicts of interest – a key characteristic of a true “trusted advisor”.
A trusted advisor transcends the simple delivery of products and services.
Richter Family Office leverages an open architecture model and delivers an integrated approach to investment management, tax and estate planning to help preserve, grow and transfer wealth across generations. Providing consolidated reporting across all of the family’s traditional and non-traditional investments, provides clarity and control and more informed decision making on new and existing investment strategies. While we start on the premise of more informed and objective manager selection and asset allocation, we also work as a trusted advisor and quarterback across the spectrum of a family’s financial and non-financial advisors.
“A trusted advisor transcends the simple delivery of products and services, to a more holistic approach that helps families address complex relational and emotional issues. We help our families navigate the unique social and human challenges that significant wealth presents,” says RFO Vice President Greg Moore. “We work with the family, and for the family, to help ensure wealth creation is possible across generations. Wealth provides opportunities – it does not need to bring entitlement.”
This trust is reaffirmed in that RFO is independent and free of financial conflicts. Why? RFO believes that families’ best interests are served in knowing there are no financial incentives to place investment product, or to “sell” investment solutions. Portfolio construction starts from the ground up based on the unique needs and goals of each family, not on maximizing advisor’s fees.
“Having greater control and certainty over their wealth legacy allows families time to focus on the human elements that form the foundation of long-term success. We encourage everyone to be part of the process as equals,” notes Richter Family Office Partner Mindy Mayman. “To be a trusted advisor you need permission to help the family work through issues at their own pace. Once a family sees we can deliver from a technical and investment perspective, they gain the confidence to move from simple to more complex issues.” Facilitating constructive change not only builds trust in an advisor, it helps a family build trust in each other; so collectively, they are in a better position to deal with significant life events as they take place.
Celebrating its 20th year as a multi-family office, and over 90 years as a tax and business advisory firm, Richter Family Office and Richter LLP have a reputation rooted in trust and can provide continuity for you and your family for years to come.