Wealth planning services

The scope of integrated wealth planning services varies based on each family’s needs but can include such areas as retirement planning, tax & estate planning, philanthropic giving, family governance matters, and goals-based asset allocation.

Wealth planning services are provided on a fee-for-service basis. It’s not necessary to be an investment management client to use our wealth planning services.

The first phase of integrated wealth planning begins with a discovery process to help us gain a deep understanding of the dreams, fears and available resources of our families.  We translate this understanding into a dynamic financial model that informs the next phase of work where we help families align their resources in service to their life.  This is a highly interactive and ongoing process that is constantly fine-tuned and adapted to your ever-changing financial life. No family ever was helped by a fifty-page plan in a drawer.

The second phase applies a proprietary Goals-Based Asset Allocation framework to align the family’s resources with its goals.  Again this is a highly interactive process that not only ensures resources are deployed to maximize the probability of achieving goals but also ensures you clearly understand and identify with the resulting investment policy.  Families that don’t understand and identify with their investment policy are unlikely to sustain it in the long run as doubt and confusion inevitably creep in.

On its own, integrated wealth planning is a necessary but insufficient condition for success.  The probability of achieving goals is increased through this process, but even the best-conceived plan will fail without equally disciplined implementation.  For this reason, most of the families we serve also subscribe to our investment management implementation services.

Family office concierge services are not within the scope of services provided at this time.

Investment management services

Our open architecture and data aggregation platform enable us to provide clients with a unified view of their entire wealth in a useable form that supports in-depth analysis.

As fiduciaries on an open platform, we advocate for the solution that serves our client best without regard to whether it is internally or externally managed.  To avoid any potential for conflict of interest, the choice of investment solutions has no bearing on the pricing of our services or the compensation of family office staff.  Our motivation in recommending any solution to our clients is only that it stand to benefit to them.

Our history as a single-family led to the development of direct investment capabilities that we are able to share and that may be of interest to clients. These evolved as solutions to problems we’ve experienced over the years and are an integral part of what makes us different.

Whenever we’ve encountered externally available solutions that were deficient or too expensive relative to the value provided, we’ve tried to deconstruct the problems and see if we could innovate a solution. When we take on the challenge of designing an internal solution we hold ourselves to a standard that says to truly be innovative a solution must not only be better, it must also result in lower cost.

A handful of internally managed solutions have resulted from this problem-solving process.  They are just one option amongst many that our clients can choose if they agree they are in their best interest.  These include core public equity mandates, direct private equity with our institutional partners, and digital assets.

Direct core public equity solutions

We employ disciplined quantamental factor-based methods that permit us to precisely control the fundamental attributes of securities we wish to own. It’s important to distinguish that this is a service and not a product.  The quantamental methodology hardwires in a portfolio management discipline that is common to all clients, but the individualized implementation enables a high degree of personalized tax awareness. The bespoke intent explains our preference for direct execution in separately managed accounts (SMA) to enable important additional benefits such as maximum transparency and enhanced control of, liquidity, tax awareness and management costs.

Direct private equity solutions

We developed internal capabilities to source and execute private equity investing in response to our disenchantment with typical private equity structures.  We generally find these to be lacking in transparency and control, and too expensive.  As a result, we pioneered a direct PE co-investment model that invites institutional partners to participate alongside our families in NCP-led investments.  The benefits to our families are that NCP is able to remedy the deficiencies of traditional PE structures while still benefitting from the arms-length due diligence that our institutional partners necessarily bring to the table to meet their own fiduciary duty.

Direct digital asset solutions

We recognized long ago the transformative effects digital technologies are having and will continue to have on every facet of life and the economy.  The vast majority of wealth managers today ignore digital assets out of ignorance, ideology or disinterest. This dismissive stance is provably nothing less than a dereliction of fiduciary responsibility and an entrenched blindspot that we find deeply troubling.  It is a fact to say that there’s a non-zero probability that fiat currency alternatives are here to stay and that there’s also a non-zero probability they can be a cost-effective hedge against fiat currency debasement. With those facts in mind, we are committed to ensuring that digital assets are knowledgeably included in investment policy and portfolio planning discussions with our clients.

To ensure we can provide execution assistance to our clients if called upon, we took things a step further and engaged with leading digital asset service providers to become the first in Canada to enable our clients to implement and monitor digital asset investing within a broader portfolio context.  This asset class is still foreign to most investors and not appropriate for all, but rest assured we have the capabilities to responsibly assist you in determining if and how they should play a role for you.

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