Rotman School of Management, University of Toronto

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Family Wealth Management

Learn the key frameworks for successful wealth management, including how to avoid common mistakes. This program is designed for family members who would like to successfully preserve, grow and transition family wealth.

Effectively managing family wealth is a critical to ensure the long-term financial success of wealthy families. Designed for family members who would like to successfully preserve, grow and transition family wealth, Rotman’s Family Wealth Management program provides the practical insights and knowledge that families like yours need.

Over three and a half days, our expert faculty will help each family member become an excellent leader and/or contributor to the wealth management process. Learn the key building blocks and frameworks for successful wealth management, how to create and integrated wealth management strategy that considers your family’s complete financial picture, and how to avoid common catastrophic mistakes.

Apply NowNOV 30-DEC 2, 2020 | $6,500 CAD +HST

The Spring offering has been postponed due to COVID-19 precautions. Please click here for more information.
Contact Associate Director Sharon Doopan if you have any questions: 416.578.4952


Topics

  • Goals based wealth management
  • Investment planning and strategic development
  • Asset allocation
  • Portfolio management
  • Security selection
  • Types of family capital
  • Tax and estate planning
  • Insurance, wills and trusts
  • Integrated financial management
  • Family governance and communication
  • Risk identification and management
  • Selection of investment firms and advisors
  • Strategies for the preservation and inter generational transfer of wealth

Key Takeaways

  • Develop a comprehensive wealth management strategy that considers family goals, objectives, values and family circumstances
  • Identify the pitfalls and common mistakes to avoid
  • Select an investment strategy that is realistic, prudent, tax-efficient and actionable given the time and resources you have to commit
  • Learn how to integrate the family business or concentrated family asset into a wealth management strategy
  • Identify the key roles, responsibilities, and opportunities for family members in understanding, supervising, and managing the family assets
  • Better understand how to effectively manage the personal and social benefits and risks of family wealth

Tom McCullough, Featured Faculty

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Adjunct Professor of Finance & Executive-in-Residence, Rotman School of Management

Tom McCullough is an adjunct professor of finance in the MBA program at the Rotman School of Management and the Chairman and CEO of Northwood Family Office, a leading Canadian multifamily office providing customized, integrated financial advice and counsel to families of significant net worth. He has spent over 30 years in the wealth management/ family office field in leadership and board positions. Tom is a member of the editorial board of the Journal of Wealth Management and is the co-author of the new book Family Wealth Management: 7 Imperatives for Successful Investing in the New World Order.

Meet the Faculty and Instructors teaching in Rotman's Family Wealth Management program


Ideal Candidates

This program is ideal for those:

  • striving to maintain prosperity and a flourishing family through retirement and, for many, across generations.
  • contemplating-or recently experiencing-a significant liquidity event, whether through the sale of a company, inheritance, or other major wealth transition.
  • committed to engaging their families in more productive dialogue about the challenges and opportunities of wealth.
  • seeking added confidence to evaluate and select financial advisors and/or to set strategic direction for a family office.
  • We have found that multiple members of the same family derive considerable benefit from taking the course together. The program gives them a foundation for continued productive dialogue well into the future.

Testimonials

The course is a great introduction to personal financial planning. It’s in relatively plain English, and manages to outline the importance of: establishing long term goals, risk vs return, ownership structures and planning. It also helps to explain the type of decisions our parents, aunts, and uncles are making in the family business, without the bias of it coming from a family member. It’s a good networking opportunity. Course participants were from all across Canada ranging from 1st to 3rd generation. It was nice to talk to others who are in a similar position and hear about their family dynamics.

2018 Program Participant

The course brought both the emotional and fiscal nature of the family balance sheet into focus. The course addressed human matters with precision and financial issues with heart. Our family has certainly benefited from the experience.

2015 Program Participant

The program was neither too easy, nor too hard. There were a variety of ways in which one could participate to suit a variety of experiences and skill sets.

2015 Program Participant

As a member of the third generation of our family office, this program provided a much needed opportunity to learn and share from other families experiencing similar situations as our family. More importantly, it opened my eyes to a number of issues and processes our family needs to address as well as reaffirmed our instance on regular and well structured inter-generational communication. This is an extremely worthwhile program for any family interested in maintaining family wealth and fostering family engagement.

2015 Program Participant

The course introduced me to a wide variety of professors and participants, all thinking about similar issues. The experience made me question some of my assumptions, while providing a network of people to reach out to as I reshape some of my thinking. The course environment felt both challenging and supportive.

2015 Program Participant


Apply NowNOV 30-DEC 2, 2020 | $6,500 CAD +HST


Application Process

Before beginning the application process, please review the application policies. To apply, complete the online application form.

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Each application is reviewed by Rotman’s admissions committee to ensure participants have the appropriate academic and work experience.

Participant Notification Process

If space is available and eligibility requirements are met, participants will receive a notice of admission within 10 days of receipt of a completed application and fee deposit.

Payment and Fee Reduction

Payment

Payments can be made online. Applicants will be redirected to a secure online payment website after completion of the application form. Deposits will be refunded to applicants not accepted to the program.

Fee Reduction

Rotman Executive Program graduates and Rotman alumni are eligible for a 25% discount on this program. This discount does not apply to any early bird fees. Discounts cannot be combined but we will honour the greater discount amount towards the program fee. For more information on additional discounts, visit RotmanExecutive.com/Discounts. Discounts are not redeemable for cash.

*Participants will be responsible for their own travel, accommodation and incidental costs. Participants requiring accommodation during the program are eligible for preferred Rotman rates at select hotels. For more information contact an Executive Programs representative at executiveprograms@rotman.utoronto.ca.


HRPA Seal

This program has been approved for 21 continuing professional development (CPD) hours under Section A of the continuing professional development (CPD) log of the Human Resources Professionals Association (HRPA).

 




More information

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The Spring offering has been postponed

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Contact Associate Director Sharon Doopan if you have any questions:
416.578.4952

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Download an information sheet

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Learn about available discounts


Dates and fees

3-day intensive program

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Dates:
November 30-December 2

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Location:
Rotman School of Management
Toronto, Ontario

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Participant profile:
This course is for wealth owners only (family office executives may attend with principal family members, but no other financial services professionals may attend)

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Fee:
$6,500 CAD + HST

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