COMBINING NON-FINANCIAL MATTERS AND FAMILY DYNAMICS CREATES SUSTAINABLE OUTCOMES
Our clients seek to increase the use, enjoyment, and impact of their family’s wealth across multiple generations. While achievable, this is rarely accomplished without a clear process.
Healthy families place equal value on accomplishing their goals for life and wealth. The planning process must be constructed in harmony with these goals. Interweaving elements of your life and wealth promotes family unity, which is central to its ongoing success and stability.
A successful wealth transfer and business succession plan includes family members with clearly defined roles and expectations. These account for the unique strengths and vulnerabilities of each generation. Successful plans provide the next generation with opportunities to increase responsibility, learn from their mistakes, and build upon the family legacy.
We understand families. Four decades of experience has allowed us to create a vetted process with custom solutions for successful family and financial outcomes. Solving for the human side of wealth transfer is what makes the Navitas approach unique.
Approach
THE Navitas Family Wealth Experience IS BUILT AROUND YOUR NEEDS
TOGETHER, WE’LL CREATE FAMILY WEALTH THAT LASTS GENERATIONS
The Navitas Family Wealth Experience is continuous but has three distinct phases and evolves with your needs. Each phase involves discussion, planning, and collaboration to create clarity and vision.
PHASE 1: DISCOVERY
We capture what is important to the current family leadership and each family member. We go deep with each individual discussing expectations, motivations, fears, goals, and values to capture the heart of your family and business.
Informed by this work, we examine your current financial picture and estate plan to identify inconsistencies with your goals and objectives. Our comprehensive Discovery Analysis presentation provides you with a clear summary of the effectiveness of your current plan, any vulnerabilities, and other helpful observations.
PHASE 2: PLANNING & IMPLEMENTATION
Building on Phase I, we assemble a Navitas team specific to your family to create customized strategies and a plan that addresses all aspects of your family’s circumstances and goals. We then coordinate with your existing advisors to sequence implementation of your Navitas Family Wealth Plan.
At conclusion of this phase, we present you with an “As Implemented Family Plan” that gives a detailed view of the completed work.
PHASE 3: REFINED GROWTH
Our experience informs us that a plan must continuously evolve to keep pace with the events of your life and business. We will continually be there to support you and your family, updating and tailoring your Navitas Family Wealth Plan for growth, preservation, and preparation for the future.