Why It Matters
There is no single solution to all the risks associated with wealth. However, effective asset protection is the result of careful analysis and employing multiple strategies over multiple generations which apply in multiple jurisdictions.
Who It Is For
The program is designed for the following audiences:
- Individuals and family members
- Officers of a family office
- Professional advisors (legal, tax, real estate, insurance, art, accounting and more)
DP
Western Europe
GO
UK
Questions To Ask Yourself
Responses to the following questions will help you determine if this program is relevant to you or your family team:
Are you worried about identifying and planning for all risks to your family’s wealth?
Would you like to institutionalize family governance around asset protection to preserve family solvency?
Have you and your advisory team considered all the risks and opportunities, and have a holistic plan to deal with them?
Would having YOUR advising team all focused on managing the same risks create value and benefit the family?
Do you feel that asset protection should be part of the education plan for every upcoming generation?
Do all my advisors perform as a team with common goals and understanding of my family’s long term aspirations?
This project will involve you, family members, family office staff, family advisors and external experts with experience in asset protection, risk identification and mitigation, ownership structures, banking, legal structuring, taxation, citizenship and residency.
What Will Be Covered
The 100Y IWPP© Covers 3 Main Areas
From Risk Assessment to Asset Protection Solutions and Wealth Preservation Strategies
SC
Western Europe
How It Works
A Time-Tested 7-Step Process
This Methodology Has Proven Successful With Many Families and Their Advisors
1
Initial Consultation with Family Members
During this initial consultation, GFP Alliance, Respada, and the family members discuss the program, benefits and the expected outcomes.
2
Family Member Endorsement and Involvement
This step involves defining the scope of the project and the participants. In particular, getting commitment from the family sponsor will ensure that the full benefits of the program are realized. Duration: 1-2 meetings
3
Data Collection
In order to deliver concrete results and not just concepts a participant must be mandated to collect all the necessary information to evaluate the risks and the opportunities. This information is often provided by a senior family office staff member or a family leader. Duration: 30 days
4
Initial Assessment
This step involves identifying the the areas of risk and collaboratively developing a high-level action plan. It involves the CEO of GFP Alliance John McLeod, his staff and associates, Respada where requested, the in-house family consulting team, family member(s) and often the head of the family office and a legal advisor to the family. Duration: 1-2 weeks
5
Stakeholder Workshop
This session is usually facilitated by the CEO of GFP Alliance John McLeod and a dedicated legal professional jointly selected by GFP and the family. This workshop identifies risks in order of priority, solutions and method of implementation. It may also include identifying, evaluating and engaging service delivery partners such as banks, custodians, trustees, insurers, specialized legal experts, tax experts, business experts, global healthcare and cyber security specialists’ companies, art and collectable experts, real estate specialists, etc. Duration 1-2 days
6
Plan Implementation
Led by GFP Alliance, this phase is critical to the success of the program. The action plan developed in the workshop, and agreed by the family is implemented by a combination of GPF Alliance senior executives, family office staff and Respada experts to ensure effective solutions are put in place in a timely and cost-effective manner. GFP Alliance has performed due diligence and only recommends the most effective providers in all areas of wealth preservation and asset protection in multiple jurisdictions around the world. This team of experts was assembled over 25 years of experience, and GFP knows the owners or senior executives personally, and will provide the family with direct access to the CEO and senior executives of any service delivery organization. Duration: 1-3 months
7
Annual Review & Evaluation
The strategy is designed to survive 100 or 200 years. It is an intergenerational strategy which is dynamic and must be reviewed periodically as families evolve, governments change, world events deliver unexpected situations, tax and regulatory rules changes occur, and individual and family member situations change. Many families build the asset protection review into their annual family council or family offsite meeting. GFP Alliance and Respada experts are often asked to facilitate these important ongoing educational and strategic initiatives at the family offsite or are engaged to prepare the strategic review with family members and family office staff. Annual reviews tend to include training and engagement for 2nd and 3rd generations. Duration: annual
Program Lead
John C McLeod
John C McLeod
President and CEO, Global Fiduciary Partner Alliance Limited
John began his career in the trust and financial sector with firms such as the Royal Bank of Canada International Wealth Management group where he was the Vice President and global head of sales for global private banking and the Forvest Group headquartered in Switzerland, where he was the President and CEO of Eticas International and a member of the global executive committee. John has devoted his career advising wealthy individuals, families and professional advisors on matters relating to asset protection, trusts & foundations, investment strategies, insurance solutions, income tax, philanthropy, business and financial succession planning and multi-generational governance.
Enjoy all the Benefits the Program has to offer
Accreditation, Risk Evaluation Software, Access to Experts
One Full Credit
By completing this program you will receive one full credit in the Respada Family Governance Accreditation Program. It may also qualify for Continuing Legal Education (CLE) credits in many jurisdictions.
Access to RealView
Through this program, you will be able to use Respada’s proprietary software-based risk evaluation tool and put your learnings to use.
Support from Experts
The program will give you access to Respada and GPF Alliance network of global experts in taxation, law, trust and fiduciary structuring financial and risk management, banking & insurance products, healthcare, cybersecurity, immigration and citizenship.
Program Sponsors
This Program Was Developed Jointly by
NT
Hong Kong
RC
Canada