Family Wealth Health Diagnostic
Technical Diagnostic Overview
The review framework, the information considered and the proposed reporting outputs for a once-off assessment of family wealth health.
01 / Scope
A connected review of family wealth
The agreed scope identifies the family interests, entities, jurisdictions and decisions to be considered. Information is selected for its relevance to those questions.
| Review area | Questions considered | Example inputs, where relevant |
|---|---|---|
| Family and objectives | What is the family building, and how do roles, expectations and priorities differ? | Family roles, stated objectives and relevant changes in circumstances. |
| Business and control | How do founder involvement, leadership and major commercial decisions affect the wider family picture? | Business summaries, leadership responsibilities and planned transactions. |
| Ownership and structures | How do companies, trusts and other arrangements connect ownership, control and decision-making? | Ownership charts and relevant entity, trust or shareholder documents. |
| Assets and commitments | How do major assets, interests and commitments support or constrain the family’s plans? | High-level asset and liability summaries and material commitments. |
| Succession and governance | Are future roles, decision-making arrangements and continuity intentions understood and aligned? | Existing succession intentions, governance arrangements and relevant agreements. |
| Cross-border connections | Where do different countries, advisors or disciplines create dependencies or unresolved questions? | Jurisdictions involved and existing legal, tax or other specialist advice. |
02 / Review process
From an agreed question to a useful next step
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Agree the scope
Set objectives, participants, entities, jurisdictions and the information to be reviewed.
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Map the picture
Connect the relevant family, business, ownership and asset information.
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Assess the connections
Identify gaps, dependencies, risks and opportunities that need attention.
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Discuss the findings
Consider priorities, specialist referrals and any separately agreed follow-on work.
Existing advisors can contribute context and specialist input within the agreed engagement.
03 / Basis of findings
Make the evidence and assumptions visible
Findings separate the information supplied, the assumptions used and the questions that remain open. Missing or incomplete information is recorded alongside the conclusions it affects.
Priorities are set against the family’s objectives, the potential consequences, timing and dependencies. Any quantified opportunity needs an agreed baseline, period and specialist validation, and overlapping benefits are not counted twice.
04 / Proposed reporting outputs
A report that supports the next conversation
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Connected summary
The agreed scope, the review basis and the relevant family, business and ownership connections.
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Prioritised findings
The issues and opportunities identified, the supporting information and the questions needing specialist confirmation.
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Next-step priorities
Suggested actions, dependencies and the matters to discuss with the family and its advisors.
A findings discussion puts the report in context. The format, depth and participants are agreed before work begins.
05 / Engagement boundaries
A diagnostic first.
Further work by agreement.
The diagnostic identifies matters for consideration within an agreed scope. It does not itself provide an audit opinion, a formal valuation or a jurisdiction-specific legal or tax opinion.
Detailed specialist analysis, implementation and ongoing principal counsel are separate engagements. Fees, timing, access and responsibilities are agreed for each one.
