What Blackwood's Clients have said.
The McManes family has worked with Blackwood for over a decade. In that time, Pat O'Connor has provided guidance and direction around the many challenges that our family enterprise has faced. Issues have ranged from complex tax planning and corporate structure work, through to facilitating partner meetings and sitting with five others on my personal board of directors. Pat continues to work closely with all members of my family to ensure important personal matters are discussed before working directly with our legal and accounting advisors to ensure relevant documentation remains current.
I enjoy working with families that have already been through Blackwood’s process, because progress is always made quickly. They arrive with a clear vision of where they’d like to go over the next 5,10,20 years, so I can focus my time developing the best strategies that will get them there. Also, Blackwood’s sustainability process ensures all the moving parts among advisors reflect the continuous changes in the client's business and family life, so all structures remain aligned with the family over the long-term.
We are an enterprise family with G2 siblings spread across North America. Over the past 8 months, our family has gone through Blackwood’s Discovery process, which led to a family meeting that brought 3 generations to the table. We made more progress in this one meeting than we had in the past many years of family meetings. Now our Family’s Values, Mission and Vision statements have been articulated, we will use them to guide our future financial, legal and philanthropic decisions.
We have had some great tax and legal advice over the years and felt we had a really solid structure in place for our business and our family. After our family went through some detailed meetings with Pat at Blackwood, it became clear that the structure we had put in place 8 years ago was, in fact, very flawed. Yes, it was a great tax plan; but Blackwood helped us get clarity around our family’s long term goal of creating a family legacy for future generations, and now significant changes to the structure are required. Now Blackwood is working directly with our lawyers and accountants to see these changes through to implementation.
Raising young children in a world of affluence scares us. We see and hear the stories of young adults living a life of entitlement. Pat is working with our family to help us understand some of the key things that we can be doing as a family to prepare our children for the wealth they will one day inherit, and for the responsibility that wealth brings.