|
 |
Family Limited Partnership Management
The manner in which a family limited partnership is operated is of crucial
importance in achieving intended estate planning and business objectives.
The portfolio management, tax, and legal backgrounds of the WIC professionals,
together with the extensive family limited partnership valuation consulting
work that WIC has done over the last ten years, provide an uncommon base
of experience for comprehensive family limited partnership management. When
WIC is retained to manage the partnership's investment portfolio, the family
and its advisors will know that the following elements of effective partnership
administration and portfolio management will be carried out:
- A written investment policy for the partnership portfolio will be
established and executed
- A written cash distribution, reinvestment, and retention policy will
be established and executed
- The partnership portfolio will be managed by WIC in an active manner,
including buying and selling securities consistent with the investment
policy (including improved diversification)
- Cash distributions will be monitored vis-à-vis the cash distribution
policy for adherence to capital account accounting principles and propriety
- Partnership meetings will be scheduled and conducted on a regular
basis, and minutes of such meetings will be prepared, disseminated,
and maintained
- Investment industry standard quarterly and annual reports to partners
will be prepared and disseminated
|
|
|
|
- Diverse training and background of the WIC principals
- Breadth and depth of firm experience
- Client-centered approach to investment management
- Versatility through size and independence
|
|
