|
Organization and Planning |
YesNoNot Sure |
I know what my family's long term goals are and can quantify them. |
YesNoNot Sure |
I receive regular, easy to understand, consolidated reporting on all our family holdings across all of our entities and family members. |
|
Investments |
YesNoNot Sure |
I know what rate of return we need from our investments to ensure we meet our family's objectives over the long run. |
YesNoNot Sure |
I am confident that our asset allocation is appropriate. |
YesNoNot Sure |
We have a written Investment Policy Statement for our overall investment portfolio that clearly lays out the objectives, limitations, review process and accountability. |
|
Risk Management |
YesNoNot Sure |
I am comfortable that we have the appropriate level of risk in our portfolio. |
YesNoNot Sure |
We have a regular, consistent review process in place to evaluate the success of our investments and other financial issues against relevant benchmarks. |
YesNoNot Sure |
I understand all our insurance policies and am confident that they are appropriate and up-to-date. |
|
Tax Planning and Structuring |
YesNoNot Sure |
I am comfortable that we are taking advantage of all the tax efficiencies available to us. |
YesNoNot Sure |
I am confident that the tax location of our investment assets is optimal. |
|
Estate Planning and Succession |
YesNoNot Sure |
I have a clear idea of our estate objectives and how much our heirs will receive and when, and am comfortable with the amounts they will receive. |
YesNoNot Sure |
Our wills have been updated in the past three years. We have properly-executed powers of attorney for financial and health care purposes. |
YesNoNot Sure |
I feel comfortable that our children are financially well-educated and sufficiently responsible to inherit the assets that are likely to be left to them. |
|
Cash Flow Management |
YesNoNot Sure |
I know exactly how much capital I will need to maintain our standard of living. |
YesNoNot Sure |
I know what our family expenses are and feel that they are manageable over the long term. |
YesNoNot Sure |
I have a game plan in place to prepare for a liquidity event, such as retirement. |
|
Family Issues |
YesNoNot Sure |
Our family has frequent, open, healthy dialogue about financial issues. |
YesNoNot Sure |
I'm comfortable that my spouse and children will be able to manage without me. |
|
Advisors |
YesNoNot Sure |
I have an advisor who is knowledgeable and objective regarding all of the issues above. |
YesNoNot Sure |
My advisor is proactive and regularly anticipates the key issues that need attention in my life. |
YesNoNot Sure |
I know all the fees we are paying to our advisors and understand the value we receive and the impact on our net worth. |