Stress Testing

The Super Rich (those with a net worth of $500 million or more) who have a family office typically engage a sizable lineup of professional advisors to help them create and implement financial plans. To ensure those plans are both state-of-the-art and in line with their needs and wants, many of the Super Rich regularly “stress test” these plans.

Here’s why you should join them in that effort—even if your net worth is not yet in the multi-million dollar range.

  • • Testing the assumptions of a financial plan, product or service can help confirm it’s right for you—or identify any ways it could jeopardize your goals and put you at risk
  • • High-level stress testing involves a systematic process that examines goals, changing scenarios and costs to determine the right course of action.
  • • Individuals and families don’t have to be outrageously wealthy to benefit from a financial stress test.
  • • Stress tests will likely especially benefit business owners and their families, who generally have so much of their future financial security riding on one asset: their business.

What to Expect

As part of our Stress Test, we'll meet with you for a Discovery Meeting. Hopefully, we can confirm you’re on track to meet your goals. If not, we’ll suggest ways in which we can help, including recommending someone else if we determine we’re not a good fit for your needs. Either way, you’ll receive both a Total Client Profile and personalized analysis of your current situation.

Stress testing is a very powerful form of a second opinion—and getting second opinions is very characteristic of successful family offices. More than nine out of ten single-family office senior executives we surveyed had stress-tested financial services and products they were considering for their affluent family clients over the past five years.

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