Fostering Value Creation
In business, a Chief Financial Officer is often called upon to measure a strategy’s implementation against the intended results. The CFO helps to communicate and explain the measures of success. In a family, proper implementation of the Family’s Continuity Plan requires that resources are aligned against purpose and effort is aligned against goals. The CFO of your family provides the feedback required to make necessary corrections to deliver the results you want.
As CFO for your Family, we work with your specialists in tax planning and compliance on behalf of your family. We also work with your family’s team of legal and estate planning experts to ensure that the ownership structures associated with your financial capital are aligned with the Family Continuity Plan. We can also assist your family in the management of its personal affairs, in areas such as risk management, data aggregation, personal bookkeeping and bill paying services.
Coppertree can help with the family’s invested assets as well. Coppertree is not a registered investment advisor. We serve as advocates on behalf or our client families by working with their investment management professionals. We provide your family with insight about how your investment team performed relative to your expectations. We will also help you monitor this team’s work to ensure that it continually reflects your Family’s Continuity Plan.
Coppertree’s Approach as Your CFO
Coppertree is unbiased with respect to how your family’s enterprise wealth has been deployed. Whether you have capital invested in operating assets, financial assets, a family foundation, or real estate, Coppertree’s role is to assist you in assessing how your deployed capital is performing relative to your expectations. As the family’s CFO, we do not manufacture the returns on assets; we help you to understand how your results compare to your goals.
Your family’s business enterprise may be its most important investment. Using the Family Continuity Plan as a guide, we work within the enterprise to improve profitability and capital efficiency. Additionally, we will help prepare the business to accept and act on the strategic input from the family. We also help to establish a board of advisors of both family and non-family members to support the leaders of the business. Finally, we work with your family to craft transition plans to shepherd the business from generation to generation.
