There are three major components to how we help families.
First, we take the time to understand what is really important to our clients by conducting a focused and detailed interview utilizing penetrating questions that help clients clarify their feelings, objectives, family dynamics, and their current state.
Second, we design a workable and understandable plan that addresses all of their issues. We help them negotiate and prioritize those issues so we can develop a time-sensitive action plan that includes composing a family significance statement and creating appropriate entities and structures, primarily a family foundation and family enterprise holding company (family office) to implement the plan.
Finally, we implement the plan, then monitor, maintain and manage all of the activities and entities to include the family enterprise holding company and family foundation. We conduct family meetings and retreats so we can mentor and train all members of the family in the proper stewardship of the family legacy.
Over 80 Years of Combined Experience
Family Incorporated Since 1994
Kevin Kolson | Vice President
Certified Financial Planner™
Certified Exit Planning Advisors™
Kevin Kolson joined Family Wealth Leadership in 2004. He assists in directing the Wealth Management and Planning process to assist client families to achieve their goals and objectives and to help create a family legacy that spans multiple generations. Further, Kevin manages the development and oversight of the client’s investment portfolios.
Prior to joining Family Wealth Leadership, Kevin spent six years as a senior associate for a leading business valuation firm in Irvine, California, where he gained valuable experience he is able to apply to meeting the needs of the firm’s business clients. These include valuing the securities of both privately and publicly held small and middle market companies in a wide array of industries for a variety of purposes including estate and gift tax, fairness and solvency opinions, transactions, ESOPs, litigation and financial reporting. Kevin also performed complex valuations assignments involving intellectual property, the allocation of value between tangible and intangible assets; and the valuation of stock options.
Kevin was licensed with the FINRA (Financial Industry Regulatory Association) having passed the Series 7, 63 and 65 securities qualification exams; however, he has given these up, but maintains the Series 65 licenses as a fee-only Investment Advisor Representative of Family Wealth Leadership. Additionally, Kevin is licensed with the state of California for life insurance and variable annuities.
Kevin has a Bachelor of Arts Degree in Business Finance with additional focus on financial planning from California State University, Fullerton and holds the CERTIFIED FINANCIAL PLANNER™ and CERTIFIED EXIT PLANNING ADVISOR™ certifications, and annually satisfies the requirement for CFP and CEPA and industry continuing education.
It must be understood that running an effective and efficient family is the same as running a business–the family enterprise. Like any business, six critical elements must be in place to be successful. They are sales and marketing; production; distribution; administration and operations; finance, accounting, and tax; and human resources. The following are examples of some of the objectives that must be achieved if the enterprise is to fulfill its purpose.
The Plan
- Have a viable and clear purpose and mission
- Add value to the world
- Have a well defined and well designed plan
- Execute the plan effectively and timely
- Constantly strive to improve operations
- Seek new opportunities and be able to adapt to changing situations
- Analyze the risks and rewards and make informed decisions
- Employ, educate and train qualified personnel
- Empower individuals to take action and be decisive
- Encourage social responsibility
- Be profitable and increase the value of the enterprise
- Be ongoing
- Provide for an orderly and timely succession to qualified leaders who can carry on the mission
Advise and guide the family in the development of a family mission statement and a plan that will effectively develop their abilities to attain significance. Assemble and coordinate a highly qualified team of professionals with the abilities needed to design and implement a plan that will lead to significance.Educate them on scriptural principles and creative solutions for properly utilizing the resources that have temporarily been entrusted to them.
The Solution
- Identify family values, objectives, a mission and a vision that will allow the family to gain clarity of purpose.
- Advise and guide the family in the development of a family mission statement and a plan that will effectively develop their abilities to attain significance.
- Assemble and coordinate a highly qualified team of professionals with the abilities needed to design and implement a plan that will lead to significance.
- Educate them on scriptural principles and creative solutions for properly utilizing the resources that have temporarily been entrusted to them, in order to make inspired decisions that result in good stewardship.
- Encourage and assist them to act immediately to implement solutions to help achieve the desired results.
- Provide ongoing accountability, encouragement and management that will foster confidence in their decisions and the results.
- Set a personal example of the above.
You Can Have It All
By Kip Kolson
You’ve seen and heard the stories of dissension, fighting, greed, and legal actions when an inheritance is up for grabs. You may be thinking, “That won’t happen in our family.” Think again! It has been statistically proven that 70% of wealth is lost each time it transitions to the next generation. Two primary factors are loss of trust and breakdown in communications. Working with families of all sizes and levels of wealth, but especially with high net worth families for almost 25 years, Kip Kolson has learned that the only way to overcome these challenges is through a holistic, integrated financial and personal coaching program that builds a cohesive team of all living generations. He wrote this book to help families: Develop a shared family vision, mission, and purpose- Build strong family ties, teamwork, and legacy- Grow and protect family wealth through multiple generations- Ensure future generations can realize their financial needs and dreams- Retain family control over family enterprises and wealth- Experience the joy of helping causes they care about
” Train up a child in the way he should go and when
he is old he will not turn from it.”
Contact us to learn how you can obtain a copy of Kip’s book, You Can Have it All; Wealth, Wisdom, and Purpose–Strategies for Creating a Lasting Legacy and Strong Family
Creating Your Family's Better Future
Contact Family Wealth Leadership Today
Contact Us
Located in Irvine, CA
Family Wealth Leadership
Headquarters
2 Venture, Suite 460
Irvine, CA 92618
T: (949) 468-2000
F: (949) 468-2020
Office Hours:
Monday – Friday 8:00am – 5:00pm
