Self Assessment Tool

Organization & planning

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I know what my family’s long-term goals are.

We have quantified the family goals and have a good idea what they will cost.

Our personal financial situation is straightforward and relatively easy to manage.

I enjoy managing our financial affairs and feel I am doing a good job.

Our financial affairs are well-organized and in good order.

I can safely say that very few financial details fall through the cracks in our life.

Self-Assessment

1 / 10

Cash flow Management

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I know clearly how much capital we will need over the long term to maintain our standard of living and meet all of our goals.

I know what our family expenses are and feel confident that they are manageable over the long term.

I have a clear game plan in place to prepare for a liquidity event, such as a business sale or inheritance.

I understand the most optimal way to fund our annual expenses from a tax perspective.

Self-Assessment

2 / 10

Investment Management

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I know what rate of return we need from our investments to ensure we meet our family’s objectives over the long term.

I am confident that our asset allocation is appropriate based on our financial goals.

We have a clear process in place to select our investment managers and/ or investments.

Our investment managers are reviewed on a periodic, timely basis and I am confident we have the right ones in place and in the right combinations.

We have a written Investment Policy Statement for our overall investment portfolio that clearly lays out the objectives, limitations, review process and accountability.

We have a regular, consistent review process in place to evaluate the success of our investments and other financial issues against relevant benchmarks.

Self-Assessment

3 / 10

Risk Management

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I am comfortable that we have the appropriate level of risk in our overall family balance sheet.

We are well-diversified and not overly reliant on a few particular assets.

We have a clear process in place to select, monitor and review all of our advisors.

We have management processes in place regarding our family properties, their staffing, and the use of any shared properties.

I understand all our insurance policies and am confident that they are appropriate and up-to-date. If there is no insurance in place, I am clear as to why it isn’t a good fit for our family.

Self-Assessment

4 / 10

Tax Planning & Structuring

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I am comfortable that we are taking advantage of all the tax efficiencies available to us in each of the jurisdictions where we have assets/ reside.

I understand how the use of trusts or other structures could be beneficial in our planning.

I am confident that we have the right structures in place to meet our family objectives and that it is no more complicated than it needs to be.

I am confident in the advisors that we use for our tax and structure planning.

Self-Assessment

5 / 10

Estate Planning & Succession

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I have a clear idea of our estate objectives and how much our heirs will receive and when.

Our wills have been updated in the past three years. We have properly executed powers of attorney (or other appropriate documents) for financial and health care purposes.

I am confident we have used all appropriate and available estate planning strategies that would be appropriate for our family.

I am confident that we have appropriate trustees and executors in place.

I feel comfortable that our children are financially well-educated and sufficiently responsible to inherit the assets that are likely to be left to them.

We have a solid transition plan for our financial assets and family enterprise, if applicable.

I am comfortable that I am leaving the legacy I want to.

Self-Assessment

6 / 10

Reporting & Document Management

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

We receive regular, easy-to-understand, consolidated reporting on all our family holdings across all of our entities and family members.

Our technology and data management systems are in a modern format that could be easily taken over by someone else if necessary.

We have a very good document records system that allows us (or our heirs) to quickly put our hands on whatever is needed.

Our financial and personal information is well-defended against cybersecurity intrusions and frequently upgraded.

Self-Assessment

7 / 10

Philanthropy

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

I understand the objectives I want to achieve by giving.

Our family has a strategy in place for our philanthropy that outlines how we make donations.

I understand how much I can give away to philanthropic causes and over what time period given other financial goals.

I know the most tax-efficient way to donate given my current structure.

Self-Assessment

8 / 10

Family Issues

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

Our family has frequent, open, healthy dialogue about money and financial issues.

We have regular family meetings where key issues are addressed.

I am comfortable that my spouse and children will be able to manage if something happened to me.

Our family has protections in place for our assets in the event of divorce, disability, and other family events.

We have discussed mental incapacity and aging issues in the family and have a plan in place which is reviewed regularly.

Our family has good methods for making decisions, now and for the future if the key decision maker was not around.

Our family has discussed our shared values and they are evident in our financial decisions.

Self-Assessment

9 / 10

Advisors

Check all statements that are true. If your answer is 'not sure' or 'no', leave it unchecked.

Our family has one or more advisors who are trusted, knowledgeable, and objective regarding all of the issues listed above.

Our advisors are proactive and regularly anticipate the key issues that need attention in our life.

I know all the fees we are paying to our advisors and understand the value we receive and the impact on our net worth.

I successfully act as the coordinator and manager of our advisors or have a family office/ integrated advisor who does.

Self-Assessment

10 / 10

Your Details

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Self Assessment

10/10

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