International Wealth Management Forum
Andy Hart
Managing Partner | DELEGATE ADVISORS
Speaker Presentation
LOOK AT THE HORIZON AND AVOID THE CLIFF: HOW TO KNOW IF YOU HAVE ENOUGH
In wealth management, we've all heard the stories and had the unfortunate experience of having to tell a wealthy family that they do not have enough to sustain their current lifestyle and eventually will run out of money. The reality of their situation slowly sinks in and the worst part is that it could have been prevented if they had taken their eyes off the short-term and looked out at the horizon. Too often clients fail to see beyond the next week or month or year and how the decisions they are making now will impact their long-term future. When creating a long-term wealth management plan, the first step is not only to identify and understand a family's objectives for their wealth, but also must include long-term forecasts that can give them a firm understanding for how likely they are to achieve those objectives, whatever they may be. This analysis can be complicated – or emotionally painful – and therefore easy to avoid, but it is critical in the process because it shows how decisions made today can affect their net worth over the next several years.
Speaker Bio
Prior to joining Delegate, Andy Hart worked in the Silicon Valley office of Brownson, Rehmus & Foxworth Inc. (“BRF”) starting in 2003. At BRF, Andy served families with more than $850 million in net worth, and served as the Co-Chair of the firm’s Public Markets Committee, and as a member of the firm’s Investment Strategy Committee. Since 1995, Andy has advised high-net-worth individuals and families on establishing financial objectives, defining appropriate asset allocation targets and implementing investment programs. Preceding his tenure at BRF, Andy was a Director and Senior Member of Credit Suisse First Boston’s Private Client Services Group (“CSFB”) in San Francisco. Prior to joining Donaldson, Lufkin & Jenrette (later acquired by CSFB) in 1997, Andy was a Principal with Montgomery Securities.
Before joining Montgomery, Andy has roles as a Senior Vice President and National Director of Asset and Liability Management for Oppenheimer & Co. and Vice President in the Capital Markets Group at Chemical Bank’s largest subsidiary, Texas Commerce Bank, in Houston, TX. Andy has deep experience with hedging devices and fixed income stemming from his banking experience with structured finance and asset and liability management.
Andy received a BBA with concentrations in Finance and Accounting from The University of Texas at Austin. He is a Certified Financial PlannerTM practitioner.
Speaker Presentation
LOOK AT THE HORIZON AND AVOID THE CLIFF: HOW TO KNOW IF YOU HAVE ENOUGH
In wealth management, we've all heard the stories and had the unfortunate experience of having to tell a wealthy family that they do not have enough to sustain their current lifestyle and eventually will run out of money. The reality of their situation slowly sinks in and the worst part is that it could have been prevented if they had taken their eyes off the short-term and looked out at the horizon. Too often clients fail to see beyond the next week or month or year and how the decisions they are making now will impact their long-term future. When creating a long-term wealth management plan, the first step is not only to identify and understand a family's objectives for their wealth, but also must include long-term forecasts that can give them a firm understanding for how likely they are to achieve those objectives, whatever they may be. This analysis can be complicated – or emotionally painful – and therefore easy to avoid, but it is critical in the process because it shows how decisions made today can affect their net worth over the next several years.
Speaker Bio
Prior to joining Delegate, Andy Hart worked in the Silicon Valley office of Brownson, Rehmus & Foxworth Inc. (“BRF”) starting in 2003. At BRF, Andy served families with more than $850 million in net worth, and served as the Co-Chair of the firm’s Public Markets Committee, and as a member of the firm’s Investment Strategy Committee. Since 1995, Andy has advised high-net-worth individuals and families on establishing financial objectives, defining appropriate asset allocation targets and implementing investment programs. Preceding his tenure at BRF, Andy was a Director and Senior Member of Credit Suisse First Boston’s Private Client Services Group (“CSFB”) in San Francisco. Prior to joining Donaldson, Lufkin & Jenrette (later acquired by CSFB) in 1997, Andy was a Principal with Montgomery Securities.
Before joining Montgomery, Andy has roles as a Senior Vice President and National Director of Asset and Liability Management for Oppenheimer & Co. and Vice President in the Capital Markets Group at Chemical Bank’s largest subsidiary, Texas Commerce Bank, in Houston, TX. Andy has deep experience with hedging devices and fixed income stemming from his banking experience with structured finance and asset and liability management.
Andy received a BBA with concentrations in Finance and Accounting from The University of Texas at Austin. He is a Certified Financial PlannerTM practitioner.