As part of the Institute’s mission to provide educational content and opportunities to engage with industry experts and its members, the Institute will periodically highlight a member of its faculty. This bi-weekly series will feature all of the domain heads for each Domain of Family Wealth. This week, we’re introducing Tom McCullough, head of the Financial and Investment Management Domain.
Chairman and CEO, Northwood Family Office
Financial and Investment Management Domain Chair, The UHNW Institute
Click here for Tom’s LinkedIn and here to read his bio.
Investment management isn’t so much an art or a science, but rather a matter of engineering – like building a bridge across a river to get from “here” to “there” to help families achieve their goals.
Tom describes the Financial and Investment Management Domain as the entry point to becoming an ultra-high-net-worth family related to having a certain amount of financial assets. However, he believes it is important to diversify from this domain as wealthy families have broader needs than merely what’s in their bank accounts and portfolios.
Tom’s goal as Domain Chair is to help members of The UHNW Institute become further experts in goals-based investing, risk-adjusted management, financial management and tax issues by thinking about questions such as:
- What do UHNW families need from an investment standpoint?
- What can they get in the current markets?
- How can advisors create the best possible asset allocation strategy to meet their goals?
As the famous investor Charlie Ellis once explained, investment management is neither an art nor a science, but rather a matter of engineering. In some ways, advisors are building a bridge across a river from here to there to help families achieve their goals and meet their objectives. This is the job Tom is really thinking about in the Financial and Investment Management Domain.
To learn more about the Financial and Investment Management Domain, see our guide to the 10 Domains of Family Wealth.