When Starboard begins working with families, we attain a complete summary of their financial affairs, concerns, needs and life goals in order to serve them in a holistic fashion.
Simple But Sophisticated
We customize reporting, cashflow needs, asset allocation and communication requirements. Often, these needs go beyond the immediate family and require coordination with outside advisors, stakeholders and younger generations. Ultimately, our goal is to help provide and manage a system that is simple in its use, but sophisticated in its ability to manage the complicated set of financial variables that surround each family.
A Dynamic Process
Discovery & Intent
Identify short term and long-term objectives in lifestyle, cash flow needs, risk tolerance, long-term healthcare needs, estimated growth of existing assets, charitable investing goals.
Data Collection
Gain a comprehensive view of all family assets and cashflows in order to provide an executive net worth summary that serves as the cornerstone of financial planning.
Collaboration
Work with existing advisors and stakeholders of the family to provide a consolidated, measurable, and strategic snapshot of the family’s assets complete with long-term goals.
Strategy
Draft and implement specific strategies aligned with the family’s planning needs. Incorporate existing assets with complimentary investments tied to the family’s short and long-term goals.
Monitoring, Reporting & Planning
Consolidated performance reporting across all financial assets with near-time access online that is tablet and smartphone friendly.
The Client Discovery Process
Starboard offers a team-approach catered to each family and that begins with our ten-step Discovery Process.
Spending and Analysis Needs
Total Asset & Liability Inventory
Real Estate Appraisals and Goals
Insurance Policy Review
Estate Planning Review
Life Expectancy and end of life care discussion
Next Generation Goals
Intent and Goals for family legacies
Charitable Giving
Investment Risk Tolerance
Questions We Often Hear
- How do we determine how much money to have at “risk”?
- What’s the best way to monitor and evaluate our investments and worth?
- How much money will we be able to spend in our retirement?
- Should we gift money to our kids now or later?
- We are long-term investors, but how do you plan for a 30% market crash?
- Over what time period should we evaluate our investments?
- We’d like to gift our vacation home to our children – what’s the best way to go about this?
Resources & Insights
-
Starboard Commentary, March 2025
An Update from Starboard Advisors In light of the recent market volatility, we thought it would be helpful to send…