¨   Corporate Model.  The corporate model is the best starting point for structuring the various roles of group members, investment office employees and outside advisors.  This model, rather than the trust or partnership model, makes it easier for people with different skills and perspectives to work together and tackle the strategic, operational and administrative aspects of management.

¨   Board. The substantial assets of a large and wealthy family are best managed through one or more legal structures that can be governed by a board consisting of family members, close associates, and trusted advisors.  Institutional trustees play an important role, but cannot substitute for the best judgment or strategic thinking of this board, with its blend of perspectives.