Cornerstone Family Office was created to offer wisdom, based on over four decades of hands-on experience, to families that know how to create wealth, but recognize the need for engaging an organization with a different set of skills to transition it to future generations. The role of a Family Office is similar to the role of a CFO in a large corporation who assumes responsibility for legal, accounting, banking, property management, financial planning, risk management, and succession planning.
A truly effective Family Office is simply a resource for wisdom, expertise and the myriad of services each family requires in the day-to-day administration of the family business. The value proposition can only be measured by the scope of problems that can be solved by the Family Office team, so the value of Cornerstone Family Office will be different for each family we engage. Let us talk about our experiences working with other families, like yours, and you decide if we can add value to your life.
Our core values are based on time tested biblical wisdom and principles that are not new, always true, always relevant, and never change. The bible contains many transferable concepts such as:
Our goal is to understand our client’s unique purpose in life, the legacy they want to achieve and the path they need to travel to achieve those goals. Our mission is to help you manage your resources beginning with a family business plan which incorporates a financial roadmap to achieve the unique goals you have established for your family.
“ The foundation of every family office relationship is a detailed, comprehensive financial plan.”
Throughout history, builders focused on selecting the proper “cornerstone” – which became the key to building a strong foundation. If the cornerstone was improperly cut, the foundation would be out of line.
We want to serve as your “cornerstone.” Since we believe that your game plan for the second half of your life always starts with a purposeful financial plan.
The Cheshire cat gave Alice some very prudent advice, if you remember Alice in Wonderland. Alice was struggling to decide which path to choose and was asked where she was going. She said she really didn’t know, to which the cat replies; “then it really doesn’t matter which path you choose.”
How do you make decisions in life? Do you flip a coin? Go with your gut? If Alice had to opportunity to take a hot air balloon ride over the forest to see where each path would lead her, she would have made much more informed decisions. We help you gain that overview.
Our Family Office approach starts off with building the proper foundation, a well-focused financial plan. The process begins by discovering where you’re going (What do you want your legacy to be?) and includes the following components: