in this family office book they meet on a…

in this family office book they meet on a weekly basis with the principal to give him updates on existing portfolio and latest development. Also provide the principle with any new investment prospects, strategy shifts, or tactile adjustments. It is an investment committee where everyone meets with the principal usually on a monthly basis. Having minutes of committee meetings is very useful because it reminds staff of the decision that came out of the meeting. A list of action items and exact execution dates is also very important. Will remind the group of what was discussed and decisions made and why. It is one of the more important things that you should make and part of the investment process. When looking for new managers, we are looking for those tactical and strategic components.

— from Expanding Your Range (Growth/Change/Education/Learning/Habit) · Family Office - Investing Capital for the Ultra Affluent by Richard C. Wilson

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