Client
Entrepreneurial family selling the business they had built and grown for 40 years
Objective
How should we handle the proceeds from the business sale, both immediately and over time?
Solution
- Open a suite of accounts at target banks and implement a treasury management solution
- Create a strategic asset allocation and work with the family to deploy capital across various strategies and mandates
- Implement an aggregated reporting solution to allow a single view of their holdings
- Partner with the family as they evolve from entrepreneurs to private investors
Outcome
With the sale of the business completed, proceeds are efficiently managed while a strategic allocation is implemented over time. Furthermore, the client has a virtual family office structure in place to oversee their work plan and supporting wider objectives such as education and succession.