Perpetuate Wealth & Values...
Till recently, aspiring young entrepreneurs and college graduates were told to go west to make their fortune. Today, that stands changed. India is now one of the most desirable countries for wealth creation and accumulated wealth has exploded in recent years. According to a recent survey, the number of ultra-high net worth households with wealth in excess of $30 million are expected to hit 10,500 by 2012, while the super high net worth households ($10-30 million) are expected to grow to 42,000.
With growing wealth, though, comes the challenge of managing the wealth, consolidating investments, securing the family, and putting in place a framework for sustaining wealth to future generations. Navigating and overseeing the many activities and advisors is an overwhelming and time consuming task. Most wealthy families have multiple relationships with banks, brokerage firms, money managers, CAs and accountants. Some others have simply chosen to dock their funds in the safety of fixed deposits or traditionally conservative investments. These households will find a silent thief - inflation - eating into their existing wealth as fixed deposits rarely exceed inflation over longer periods of time. Multiple investments bring along an avalanche of reports that come their way each month. Tired of trying to make sense of their wealth, many families are looking for a better way.
The family office concept was born in the U.S. over a hundred years back when prominent industrial masterminds such as the Rockefellers and Carnegies established family offices after a similar period of rapid wealth creation as we are witnessing in India. Much has changed, while much remains the same as India, Africa and emerging markets are the new frontiers of today.
Wodehouse was formed with the intention of managing family wealth and preserving that wealth across generations. In our experience, ultra high net worth families want peace of mind about a number of factors. They want peace of mind about the sustainability of their wealth, the security of their assets and the preservation of their lifestyle.
Wodehouse understands the needs and aspirations of its clients and creates specialized investment frameworks that address the custom needs and wishes of the family. Our unique, tailored approach is designed to create that peace of mind. Simply put, we look to preserve the family’s wealth and lifestyle across the current and future generations.
Wodehouse recognizes that the values that created wealth for a family may get lost from one generation to the next. The entrepreneur that had the hunger came from an environment very different from the one that the next generation is accustomed to. Wodehouse lays in place strategies to ensure the perpetuation of the values that define the family and puts in place programs to sustain the values to future generations. Further, Wodehouse implements investment management strategies designed to protect the family’s wealth and perpetuate it to the next generations. Inflation is the silent destroyer of wealth, particularly in a high inflation environment like India currently is in. Our strategies are based on generating real returns, that is, returns adjusted for inflation.
Like the Hippocratic oath, first do no harm, our strategies first and foremost protect the real value of the family's wealth. By taking care of the downside, our experience has often demonstrated that the the upside more than takes care of itself. The issues that the ultra high net worth family encounters are unique and different and we at Wodehouse understand that. We look to preserve the family legacy, identify the values that are at the core of the family and look to perpetuate these values into the future generations.
Finally, our objective is to provide opportunities to grow the family enterprise strategically. With our vast network of local and international contacts, we have at our disposal the ability to recommend strategic alliances and one off opportunities that a family would not normally have at its disposal through traditional investment channels. Profit is the groundstone of all profitable operating activities in a capitalist economy and our decisions are formed with the intent of maximizing operating profitability.
We are a new type of service provider. We value integrity, service, relationship and performance.
Contact us for a no obligation discussion or drop in for a visit. Let the Wodehouse team show you how we are improving the lives of our existing clients and what we can do for you. I promise you, it will be one of the best decisions you would have made.