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FEATURED ARTICLE
McCullough: Developing integrated advisors through the Ten Domains of Family Wealth
“Over the years, I’ve noticed something interesting about our profession,” writes Tom McCullough, partner at Corient and founder of Northwood Family Office.
“We organize ourselves around disciplines. Investment advisors manage portfolios. Lawyers draft trusts and wills. Accountants focus on tax. Insurance specialists protect against risk. Governance consultants facilitate family meetings. Each profession develops its own body of knowledge, its own language and, understandably, its own way of looking at the world.”
He adds that families don’t think that way. “When a family walks into our office—they arrive because they’ve sold a business, a child is getting married, a parent has received a difficult medical diagnosis, siblings aren’t speaking to one another, or they simply want to know whether their wealth is preparing their family for the future or creating problems they can’t yet see.”
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MEMBER CONTENT
How the Bélisle family office is integrating AI into its processes
Growing up as part of a thriving family business, Claudie Bélisle-Desjardins was exposed to innovation at an early age. At Riobel, a luxury faucet brand founded by her father, Mario Bélisle, she took on responsibilities ranging from gluing parts together to marketing and design.
“It really made me learn about optimization because I was always in a different department,” she says. “We were always asking: ‘How we can improve that situation? How can we improve the market?’” That was before the age of AI. Since the sale of Riobel in 2016, Bélisle-Desjardins has applied the same values to her new projects and to managing the Bélisle family office. The result: extensive development, testing and adoption of AI tools.
This article is brought to you by PBY Capital.
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