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THE EVOLUTION OF FINANCIAL INTELLIGENCE
DEVELOPING
A SENSE
OF PLACE
29
WORTH.COM
THE REAL ESTATE AND TRAVEL ISSUE
VOLUME 23
|
EDITION 02
Dallas,TX
Leading Wealth Advisor
The Moore Group at Morgan Stanley
Marie A. Moore, CPM®, Senior Vice President–Wealth Management
and Financial Advisor; Shawn D. Moore, CFP®, Financial Advisor;
Jacqueline B. Kennedy, Financial Advisor
What can I do to keep my
family wealth on track?
By The Moore Group
Entire books are written about intergenerational wealth transfer planning—
a critical topic that families need to
consider carefully. Even if your family doesn’t need such formalities as a
family governance system or a business succession plan, you may benefit
from some of the same concepts that
are used to steer significant wealth.
Communication is essential. It is
the thread that can hold the family
fabric together when circumstances
threaten to pull relationships apart. A
good understanding of what is going
on in the lives of family members is the
cornerstone of sound, consistent planning. Consider scheduling a structured
meeting at least once a year. Just as you
would regularly review plans for a business, you can go over the goals of each
family member and monitor the progress toward these goals. We highly recommend that you keep careful records.
It’s helpful to think about your family
as you would a team. If you are the
primary wealth creator, it will probably
be your responsibility to choose who
participates on the team and what role
they are best equipped to play. Will
your team include extended family
or will it include only your direct lineage? How will marriages and divorces
affect the line-up? Laying out ground
rules can preserve family unity during
periods of change.
A written family mission statement
is often a vital way to define your family’s history, values, goals and shared
knowledge. We recommend involving
everyone, including minors, in the process to the degree they want to participate. Embrace technology: The written
word is important, but you may also
want to consider videos and pictures.
Videos are a powerful way for future
generations to see and hear from you
about important lessons, mistakes and
explanations for your decisions.
Many families are geographically
dispersed, and getting everyone together
at the same time can be a big undertaking. Even so, we strongly encourage
families to make it a priority to meet in
person once a year. In between meetings, you can schedule video chats and
conferences for interim updates. It may
help to emphasize that you consider the
family meetings to be as important as
your business commitments—and you
expect others to place the same priority
on these important gatherings.
Whether you’ve earned or inherited
the wealth you’re responsible for,
you can think about your family as
a progression of all the success that
has produced these resources. As you
consider the roles different people will
play in helping to manage the family
fortune, try to realistically evaluate
people in terms of risk. Consider areas
such as leadership skills and financial
literacy for your adult children, future
generations and extended family members. Consider existing relationships
and possible future relationships for
children today. Think about the risk
regarding the need for health care or
long-term care, including parents and
in-laws. What if a current or future
child has special needs? What type
of work are family members involved
with and what risks or legal liabilities
could pose a threat?
Working with experienced advisors
on these aspects of your life can be
extremely beneficial to help facilitate
and support the process, share knowledge and experience, keep people
accountable and uncover risks. It’s
also important for family members to
know and be comfortable with those
advisors and associates in the circle
of trust for continuity. It’s serious
business, but if done with the proper
attitude it can be fun and rewarding
for generations to come.
Marie A. Moore is a Financial Advisor with the Wealth Management division of Morgan Stanley in Dallas, Texas. The views expressed herein are those of the
author and may not necessarily reflect the views of Morgan Stanley Smith Barney LLC, member, SIPC. Morgan Stanley Financial Advisor(s) engage Worth to
feature this profile. Marie A. Moore may only transact business in states where she is registered or excluded or exempted from registration, www.morganstanleyfa.
com/themooregroup.Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or
the rendering of personalized investment advice for compensation, will not be made to persons in states where Marie A. Moore is not registered or excluded or
exempt from registration. The strategies and/or investments referenced may not be suitable for all investors. Morgan Stanley Smith Barney LLC, its affiliates and
Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving
taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP
(with flame design) in the U.S.
live
“Communication is essential. It
is the thread that can hold the
family fabric together when
circumstances threaten to pull
relationships apart.”
How to reach the Moore Group
grow
We welcome the opportunity to work with you.
Please contact us for a complimentary evaluation:
call 214.696.7175, text 214.600.9606 or email
[email protected].
make
—The Moore Group
The M o o re Gro up at Mor gan Stanley
What’s o n my desk …
Marie: Barron’s Top 100 Women
Financial Advisors award*
Shawn: Magazines, awards,
plans and research
Jacqueline: An endless stream of
fresh flowers
Standing, left to right:
Marie A. Moore, Jacqueline B. Kennedy;
seated: Shawn D. Moore
About the Moore Group at Morgan Stanley
Marie A. Moore is a family wealth director and senior portfolio management director at Morgan
Stanley, with more than 25 years of experience. Prior to joining the firm, she was manager of mergers,
acquisitions and divestitures with Texas Instruments, where she bought and sold corporations,
divisions and product lines to round out the company’s strategic plans. Working with her son, Shawn
D. Moore, CFP, financial advisor and Jacqueline B. Kennedy, financial advisor, Ms. Moore ensures the
focus of the Moore Group is on the planning and investment needs of families, from grandparents to
grandchildren. Through its family wealth management practice, the Moore Group helps families to not
only preserve but communicate their traditions, histories and values to future generations.
Assets Under Management
$350 million (as of 12/2013)
Association Memberships Association of Professional Investment Consultants,
Association for Corporate Growth, National Association of Accountants
Minimum Net Worth Requirement
$5 million (planning services)
$2 million in assets (investment services)
Professional Services Provided Planning, investment advisory, corporate and
money management services, lending, philanthropy and business development
i l l u st r at i o n b y k e v i n sp r o u l s
Minimum Fee for Initial Meeting
None required
Largest Client Net Worth $180 million
Financial Services Experience
Marie, 25 years; Shawn, 8 years;
Jacqueline, 2 years
Education Marie: CPM, Columbia University; MBA, University of Dallas; M&A
certification, Northwestern University, Kellogg School of Management; BBA,
finance and accounting, University of Texas at Arlington; Shawn: CFP®, College for Financial Planning; BS, MIS, University of North Texas; Jacqueline:
BA, advertising, University of Oklahoma; MBA, Southern Methodist University
Primary Custodian for Investor Assets Morgan Stanley Smith Barney LLC
Website www.morganstanleyfa.com/themooregroup
Compensation Method Asset-based and
fixed fees, commissions (investment and
insurance products)
Email [email protected]
[email protected]
[email protected]
*Please visit www.morganstanleyfa.com/themooregroup for more information on the Barron’s Top 100 Women Financial Advisors award methodology
and criteria.
The Moore Group at Morgan Stanley
8383 Preston Center Plaza Drive, Suite 400, Dallas, TX 75225
worth.com
214.696.7175
a p r i l- m ay 2 0 1 4
109
Marie A. Moore, CPM®
Executive Director-Wealth Management and Financial Advisor
Shawn D. Moore, CFP®
Financial Advisor
The Moore Group at Morgan Stanley
8383 Preston Center Plaza Drive, Suite 400
Dallas, TX 75225
Tel. 214.696.7175
[email protected]
[email protected]
www.morganstanleyfa.com/themooregroup
REPRINTED FROM
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the evolution of financial intelligence
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