Frequently Asked Questions
What is Wealth Success?
Wealth Success has two dimensions: relationships and resources. When combined, they form a completed legacy which allows your entire family to thrive by cultivating values, experiences, and family opportunities. It’s also critical to invest your financial assets purposefully to achieve all of your objectives.
Most advisors focus only on your financial capital. That strategy is important but often incomplete. Money itself is valueless. The real value of money is how we use it - the purpose we assign. It is a means to the more important end of building Wealth Success. Prosperis uniquely provides a way of identifying Family Capital so the people closest to you have the best opportunity to thrive.
We have an estate plan…why do I need Prosperis?
An estate plan is a necessary set of documents capturing your intentions to distribute assets at your death. It is created at and reflects a specific point in time. An Action Plan is much more. It is an ongoing understanding of your most important priorities and how they connect with those closest to you.
Most planning is reactive and limited in impact. Prosperis Partners offers an Action Plan for a proactive and dynamic impact. It recognizes the challenges and opportunities of today and builds a path to achieving all of your goals.
Your estate plan reflects your balance sheet. Your Action Plan prepares you and your family for Wealth Success.
What is an Action Plan?
Our process yields a powerful deliverable: a heritage document called an Action Plan. It’s a blueprint specific and unique for your family and provides a framework for your path to Wealth Success.
The process of creating you Family Legacy Plan includes 3 main components:
A. Identify - we provide the tools needed to identify and prioritize your Family Capital so all objectives can be clarified and written down.
B. Integrate - Prosperis walks beside you to assist in aligning your financial capital, ensuring your resources are serving Family Capital goals.
C. Implement - We go beyond a checklist. We will help you build Wealth Success by implementing your Family Legacy Plan.
Our focus on implementation is a key factor in building your Wealth Success.
Is there a net worth minimum?
Our signature service, Family Capital Management, is most effective for families with an average net worth of at least $10mm and a complex situation. All families are unique, but our clients share similar circumstances and needs related to generational and intergenerational wealth transfer, liquidity events, family members with special needs, custodian or Trust assets, and legacy goals.
Our preferred client is stewardship minded and interested in building Wealth Success.
AVERAGE NET WORTH OF $5MM FOR INDIVIDUAL CLIENTS
Are you a financial advisor?
No. However, we purposefully interact with you and your financial advisors regarding all of your financial assets. Family Capital enables your other advisors to do their work more effectively and efficiently.
Do you sell life insurance or investments?
No.
Are you an attorney ?
No. We work closely with your legal team to achieve all of your objectives.
How do you get paid?
We charge a flat fee based on the complexities of your Action Plan.