Vision & Voices - Comprehensive Wealth Management: Beyond Traditional Portfolio Approaches

In this video, Chris Mays and Jeff Coyle discuss the intricacies of financial planning for ultra-high-net-worth families and the unique approaches used to manage their diverse financial portfolios. They delve into the concept of total wealth management, exploring how advanced scenario modeling and digital tools like Libretto can help families make more informed decisions by considering factors such as human capital, estate inflows, and social impact objectives. By highlighting the importance of understanding the purpose of wealth and the suitability of risk, they offer insights into creating robust financial strategies that cater to both essential and discretionary spending. Libretto aims to provide a comprehensive view of total wealth by integrating various assets including real estate, human capital, and private businesses, beyond just investment portfolios. The purpose of understanding total wealth is to align it with personal and family goals, such as essential and non-essential spending, to optimize financial strategies for both present and future needs. Libretto utilizes technology to simplify complex financial data, helping families and their advisors to make informed decisions about asset allocation and risk management.

Learn more about family office at Armanino here: https://www.armanino.com/industries/f...

This interview has been organized and facilitated by Armanino. The interviewer, Chris Mays, is an employee of Armanino. Armanino is a paying client of Libretto. As a current paying client of Libretto, Chris and Armanino maintain an ongoing business relationship with Libretto, which can create a potential conflict of interest. No direct compensation was provided by Libretto to Armanino in connection with this interview. However, Libretto does from time-to-time sponsor Armanino events as part of its general marketing activities, which can create an incentive for Armanino or its employees to present Libretto in a more favorable light.

The questions and statements made by Chris Mays in this interview should not be construed as, and are not intended to be, a testimonial or endorsement of Libretto’s services, investment strategies, or personnel. This interview is provided for informational purposes only.

All statements made by Libretto’s representative in this interview are intended for informational purposes only and should not be considered, and are not, investment advice or a recommendation to buy or sell any securities. Such information should not be relied upon as a guarantee of future performance or results. Further, no statements are intended to, or shall, constitute accounting, legal or tax advice. Investments in securities are not suitable for everyone due to associated risks, which can include the total loss of principal invested. Past performance does not guarantee future returns. Individuals should consult their personal financial advisor or a licensed securities professional before investing. Libretto is an SEC-registered investment advisor; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Libretto provides advisory services to registered investment advisors and other professional advisors and does not advise individual clients. Information about Libretto, including the services provided, the types of clients Libretto accepts and fees charged, is available on Libretto’s Form ADV Part 2A, which can be obtained by going to www.adviserinfo.sec.gov.