Barbara had a large investment portfolio as well as an ownership stake in a company worth hundreds of millions of dollars.
She was interested in working with a team who had the experience and sophistication to help her diversify her assets and efficiently transfer significant amounts of wealth.
While concentrated positions can be effective in creating wealth, she knew that asset diversification would be a better way to preserve that wealth. She wanted to work with a fiduciary team that has deep knowledge of a wide array of asset classes, especially the more difficult-to-source alternative assets such as private equity, real estate, hedge funds, infrastructure, distressed opportunities, litigation finance, life settlements, etc.
She also wanted that same team to help her develop a wealth transfer strategy using their experience and understanding of complicated estate planning strategies, like GST implications, GRATs, Defective Trusts, etc. Together with her husband, she wanted to successfully transfer almost $200 million of wealth to their children without having to pay any gift or estate tax.