Program Content

Develop

Create a Framework to Become a Better CEO of Your Wealth — Learn How to Create More Durable Wealth

As CEO, you are responsible for the durability of your wealth. You are responsible for developing the most panoramic view and perspectives of building, protecting, enjoying and transferring your wealth. Take advantage of both the importance and significance of your roles as the author of your wealth plan and as the Chief Executive Officer of your wealth. Learn how to benefit from the key principles and responsibilities of developing a durable wealth plan –  a plan with the values, vision, goals and objectives for your lifelong efforts to build, protect, expand, enjoy and successfully transfer the many dimensions of your wealth to the people you love and the causes you care about.

The most important part of the work is accomplished by describing your achievements in advance, before you get to the front lines of everyday operations. The history of your financial endeavors and the values and aspirations for your family wealth philosophy will guide all your stakeholders, including your team of professionals. The causes and cascading effects of past choices are often not related closely in time or space and take years and even decades to become evidence from which to learn and create improvement, not introduce mere change.

Together, we will develop the mindset and build the framework to help enable you to recognize, map and frame a more panoramic view of wealth and see opportunities to create greater durability for your individual and family wealth. You will benefit from a more effective and efficient focus and allocation of your most valuable resources – your time, energy and attention. You will participate in exercises and guided discussions that will help you prepare for your two capstone meetings at completion of the six classes to apply the course content to your personal situation.

Developing a panoramic perspective comes from developing and capturing insights from seven essential revealing sightlines. Better perspective helps create greater clarity and helps illuminate priorities. In this program, we will help you develop these sightlines and capture and make use of the knowledge that becomes accessible to you from these sightlines and your more panoramic perspective. Together, we will begin the journey to centralize your data that you'll need as the feedstocks to build a Durable Wealth Portrait and BiographyTM, your foundational risk exposure studies and the outline for a more durable wealth plan.

Strategic visioning skills help you create greater durability for your personal and family wealth.

Key Learnings

  • Wealth is more than money. It's a mindset.
  • There are places of greater potentials.
  • A panoramic perspective helps illuminate the path.

Key Takeaways

  • There's a lot more here than meets the eye.
  • Revealing sightlines creates better perspective.
  • The beginning is the most important part of the work.

Inquire

 It's Not About Knowing the Right the Answers — It's About The Questions You Should Be Asking  

As CEO, you are responsible for developing the best information you can obtain to help you make wise choices on matters of significance and delegate to subject-matter professionals working below the line of deployment to help you implement the strategies, tactics and tools that help you achieve the goals and objectives of your wealth plan. CEOs don't get trapped working below the line of deployment and assuming day-to-day operational roles for a variety of reasons – they are not subject-matter experts, they don't have the time, they want independent sets of eyes and hands tracking and intersecting on daily operations and they don't want to get caught up in the operational minutiae mousetraps. This helps them maintain their focus, attention and energy on what's important and avoid the time-traps and tyranny of battling the urgent.

Together, we will reveal an appropriate hierarchy of frameworks that can help lead you to recognizing the logical sequencing of processes that help you set your course and stay directionally correct within the big picture of your wealth plan. This knowledge will help you better separate and extract key issues from camouflaging distractions, discern and discriminate among ideas, assess the value of theories and presentations, recognize subjectivity and courses of action based upon reasoned argument and avoid the classic pitfalls and traps of managing wealth.

With this improved operational overview knowledge and understanding, you will be better-equipped to manage your C-Suite professionals – the "Chiefs" who get things done for you. You will have a better understanding of what to look for and how to monitor progress. You will be better able to make more wise decisions with your better operational information and understanding.

Better quality information helps you create greater durability for your personal and family wealth.

Key Learnings

  • There are better questions to ask.
  • There is a better sequence to ask questions.
  • Questions help you develop sightlines.

Key Takeaways

  • Better questions lead to better information.
  • Better information helps build better a view.
  • A better views leads to better choices.

Consider

How You Approach Risk Matters — Recognizing and Deploying Risk as Your Strategic Variable

As CEO, you are responsible to survey, inventory, view and evaluate risks to your wealth from multiple sightlines and perspectives and create strategies to deal with them. Risks are the ubiquitous villains to all the best laid plans and risk management is a core responsibility for all CEOs. Our lives are full of risks – risks to our life, spirit, health, family, safety, reputation, property, investments, business, livelihood, ability to work, profession, personal data – risks we all need to manage.

Together, we will carefully explore the crucial difference bewteen statistical risk and structural uncertainty. We will address uncertainty, risk and risk/reward relationships and help identify, inventory and build a risk matrix to assign one of five protection strategies to address and manage risks. We will delineate and identify statistical risks worth for which there are more reliable rewards vs. unrewarded structural risks.

Within the realm of investing, we will explore risk deeply. Gain is rarely accomplished without taking a chance; investment returns come from the potential risk of capital loss. We will explore the valuable histories of investment returns in detail and the potential related risks of capital loss and how to more wisely deploy risk as your strategic variable in your investment operations and durable wealth plan within risk and diversification budgets. While risk is measured in the past, it exists in the future and contains that which is unknowable.

Risk vigilance helps you create greater durability for your personal and family wealth.

Key Learnings

  • Risk has the broadest implications across your wealth.
  • Outcomes are dominated by the risks you do or don't take.
  • Budget for risk and diversification.

Key Takeaways

  • You can't manage what you can't see and don't measure.
  • Develop, organize and manage your risk matrix.
  • The future will continue to be uncertain.

Connect

Managing Your Total Wealth Structure — Deploying a Durable Wealth Management Framework 

As CEO, you are responsible for establishing and monitoring your lines of deployment – how the transfers occur from the pages of your wealth plan to the various actors, agents and theaters of day-to-day operations that drive progress toward the goals and objectives of your plan. This is the space where people, data and systems combine to pursue your strategies with tactics and tools in workflows necessary to help you achieve the goals of your wealth plan. 

Workflows are the step-by-step processes that help everyone involved collaborate to connect the right people to the right data at the right time to get the job done. Workflows help you see how your data can best move through a sequence of people and tasks from the start to finish. Seeing workflows helps you ask and answer six fundamental questions essential to helping you gather and organize the necessary information, identify and establish SMARTERTM goals, and achieve more successful implementation of your wealth plan.

Together, we will construct an operational framework to help you maintain the big picture of your durable wealth plan and establish SMARTERTM goals to monitor progress to your plan objectives and targets. Together, we continue the journey to help you assemble and structure your data for a Strategic Wealth Outlook and TrajectoryTM study that helps you develop the seven revealing sightlines to your key issues important for greater durability and the outline of your family wealth plan.

Structural integrity helps you create greater durability for your personal and family wealth.

Key Takeaways

  • Getting Traction – Frameworks and Workflows.
  • Getting the Order Right – Strategy, Tactics and Tools.
  • Focus on Progress, not Point-in-Time Performance.

Key Learnings

  • SMART Goals are good. SMARTERTM Goals are better.
  • Fresh new investment ideas aren't where to start.
  • Progressmarks are more useful than Benchmarks.

Monitor

Understanding Your Flywheels —  Connecting the Drivers, Links and Processes of Durable Wealth

As CEO, it is your responsiblity to identify, understand and monitor how your operational flywheels match, fit and fulfill the needs of your panoramic perspective and your durable wealth plan.

A flywheel is a metaphor to describe how the consistency of systems and integrated and aligned frameworks can help you build momentum for progress to achieve the outcomes you seek. Connecting the drivers, links and processes of durable wealth management facilitates the long-term progression of incremental efforts that will more likely than not, outlast the greater uncertainty of unaligned, big-swing, hit-or-miss grand ventures.

Together, we will introduce you to the foundational systems that address and support the key issues of a more durable wealth plan and begin transferring the structured data from your centralized data and document system to build the multitude of studies that can help you uncover hidden risks, questionable expectations and conflicting objectives, and help you better engage with your wealth as it intersects with the lives of the stakeholders in your durable wealth plan.

Implementation fit and consistency help you create greater durability for your personal and family wealth.

Key Learnings

  • Use the right tools for the right job.
  • Develop "quality-in, quality out" guidance.
  • Being intentional is not the same as being deliberate.

Key Takeaways

  • Beware the person with a bag full of hammers.
  • Work with better information.
  • Intentions don't get the job done.

Focus

Real Life is Disorderly — Durability is Conceptually Simple, but Operationally Challenging

As CEO, your role is to remember that the business of managing your wealth does not consist of issues that are independent of each other, but of dynamic situations and circumstances that consist of complex inter-connected systems of changing problems that interact with each other.

More often than not, as issues and problems become more complex, they can become disorderly. Managing the disorder of the complexity  (sometimes chaos) of real life requires the focus of integrative thinking, analysis and problem-solving capacity to align processes and avoid the variety of camouflaging distractions and traps that prevent individuals and families from accomplishing their goals.

Together, we will help you deploy a framework that can help you minimize frictions, confusion and risks of underperformance and help you continue to build and support your endeavor to create more durable wealth — a framework that can help you keep the main thing, the main thing.

Clarity, priority and discipline help you create greater durability for your personal and family wealth.

Key Learnings

  • Personal wealth management is a business.
  • Change is easy. Improvement is far more difficult.1
  • Incremental efforts vs. grand ventures.

1 Dr. Ferdinand Porsche

Key Takeaways

  • Operational order requires clarity, priority and leadership.
  • Improvement drives progress.
  • Slow is smooth and smooth is fast.

Consult

Two Private Capstone Meetings with the Instructors

Migrating to a More "Durable" Family Wealth Plan

Completing Your Durable Wealth Portrait and BiographyTM
Reviewing Your Foundational Risk Exposure Studies
Reviewing the Outline of Your Wealth Plan

The enemy of a good plan is the dream of a perfect plan.

As CEO, your role is to develop, implement and manage to a good plan that you are able to revise as new information becomes available.
 
Together, in these two private individual meetings, we will help you apply the knowledge, skills and resources you’ve acquired and used in the program to apply to your personal situation and develop and complete an outline for a more durable wealth plan. We will review the foundational risk exposure studies built from the systems we used to centralize and structure your data. The studies will help illuminate the total number of techniques you may wish to adopt to help you create greater durability for your wealth and the path forward toward outlining your wealth plan.

We will help answer questions you came to get answered, help you answer new questions we’ve helped you uncover, help you establish the goals, prioritize the objectives and complete the outline of a more durable wealth plan. We'll help you identify the profile of the team of professionals you may need or provide you with our proprietary Rate Your Knowledge  assessment tool for use with your current team of advisory professionals.