Vogel Consulting offers a wide array of wealth management services for family offices. However, for families to get the most out of these services, they must understand what is being offered. Vogel Consulting combines wealth management services with family education to broaden the knowledge and thinking of family member clients.
In many cases, families that need independent family office assistance have members with varied levels of understanding of technical finance and management concepts. If this imbalance is not addressed at the gate, some family members will feel left out. This is why Vogel’s team develops unique education curricula for the families it works with - to bring everyone on the same page.
The family education curriculum covers concepts such as tax and estate planning, implementation of dynasty trusts, management shifts to nonfamily executives, and redrafting stock redemption plans. The lessons are carried out during family meetings, in small group-specific sessions, or during individual coaching sessions.
Basic concepts are taught first and then layers of complexity are added depending on the progress of family members. Complex concepts are taught more than once to ensure every family member understands them. The lessons are held informally, creating an interactive and open atmosphere for asking questions. As a result of this educational curriculum, family members feel more confident discussing financial matters and meetings and decision making become more productive.
In many cases, families that need independent family office assistance have members with varied levels of understanding of technical finance and management concepts. If this imbalance is not addressed at the gate, some family members will feel left out. This is why Vogel’s team develops unique education curricula for the families it works with - to bring everyone on the same page.
The family education curriculum covers concepts such as tax and estate planning, implementation of dynasty trusts, management shifts to nonfamily executives, and redrafting stock redemption plans. The lessons are carried out during family meetings, in small group-specific sessions, or during individual coaching sessions.
Basic concepts are taught first and then layers of complexity are added depending on the progress of family members. Complex concepts are taught more than once to ensure every family member understands them. The lessons are held informally, creating an interactive and open atmosphere for asking questions. As a result of this educational curriculum, family members feel more confident discussing financial matters and meetings and decision making become more productive.
