Caroline Garnham, a former leading private client lawyer and head of Simmons & Simmons private client practice for fifteen years, was nominated as one of the top five leading private client lawyers by The Lawyer in 2011. She was a contributor for the Financial Times for twelve years, pioneered the area of law now known as Family Governance and proposed and drafted the Executive Entity Act for the Bahamas, which became law in December 2011.
This book draws on her extensive knowledge and intimate experience in working for some of the world's wealthiest families. Pulling together scores of examples she looks at the relationship of the UHNW community with their advisors.
It is often overlooked that the Super Rich give most to our economy, and to the lives of ordinary people through their entrepreneurial endeavors. But the rich are a minority, and one of the few groups where prejudice flourishes. It is fair game to invade their privacy, expose their weaknesses and publish their private financial data. In many cases, this is an abuse of power about which very little is being done.
Caroline is still very active in the private client world as an adviser to some of the wealthiest families. She is able to cater to their needs independently through Garnham Family Office Services.
She finds that the top five needs and concerns of this hard to reach rich minority are usually very similar. Mainly, they want to be in control of their wealth - they cannot hope to know everything, so it is important they know how to pick trusted advisers, remove and replace those who let them down and have the right tools to manage their inner Ring of Confidence.
They also look for a club of peers with whom they can network and learn from. BConnect Club is an exclusive Club for UHNW Individuals which connects them to other wealthy families, professional information, exclusive luxury products and investment opportunities. UHNW families join the network for free subject to a verification process that they are worth in excess of a minimum of £5million. Those interested in co-investing can find projects and ventures pre- screened for their benefit, they can also attend the launch of luxury products and find the relevant information they need to stay on top of their wealth and their inner Ring of Confidence.
BConnect Club provides a safe and secure neutral platform, where they can find information relevant to their circumstances and requirements, new luxury products and exclusive investment opportunities.
If you are Super Rich and want to be part of our Club, speak to specialists, introduce the second generation to the world of managing wealth, or simply want a source of independent information you can sign up to Caroline's free weekly blog on http://www.garnhamfos.com/notes-from-caroline/