Each time the family's investment adviser suggests a new…

Each time the family's investment adviser suggests a new investment, the family member, family office professional, or other adviser charged with investor allocation determines the investment's projected long-term growth rate. The "investor allocator" then chooses the family member or members who will actually make the investment based on estate tax implications. Normally, this means the oldest family member buys the investments offering the lowest growth, and the youngest family member buys the investments offering the highest growth.

— from True North (Ethics, Integrity, Truth, Values)

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