Families with significant wealth have unique needs and concerns. Century Wealth Management was created specifically to address those needs and concerns in a conflict-free, holistic and fiduciary manner.
If you are a:
Corporate executive
Family business owner
Surviving Spouse
Heir
Family with significant assets
We can:
Simplify your life
Maximize your wealth
Minimize your risk
Help grow or transition your business
Help your family achieve its potential
Background
Century Wealth Management is a multi-client family office providing comprehensive advice to our client families. We were founded in 2000 in Memphis, TN to serve as the family office for Richard Gadomski after the sale of his private business interests. Recognizing the opportunity to bring our expertise and strategies to a broader audience, we transitioned to a multi-family office format.
Our purpose is to inspire and empower families to live at their highest potential. We do this by recognizing that financial wealth is only part of the picture. A family’s true wealth comes from four, interrelated forms of capital – financial, human, intellectual and civic. Our goal is to help families maximize the potential of all of these forms of capital.
Services
Each family is unique and requires a different set of services. The first step in our engagement is discovery - understanding your family’s values, priorities and needs. Then we develop a proposal outlining a strategic process for helping you achieve your family’s goals. We then oversee the implementation of all aspects of the plan, acting as your primary advisor and personal CFO.
We can provide the following services either in-house or through strategic partners:
Investment Management
- Asset allocation and portfolio design
- Investment manager selection, due diligence and oversight
- Customized performance reporting
- Investment recordkeeping
- Account aggregation and online statements
Financial Strategies
- Estate planning
- Trust design and administration
- Philanthropic planning and private foundation management
- Bookkeeping and partnership accounting
- Tax planning and preparation assistance
- Insurance review, selection and oversight
- Management of concentrated positions and stock options
- Management of private equity commitments, calls and distributions
- Collectibles and asset inventories
- Risk management and asset protection
Lifestyle Services
- Personal Concierge Services
- Mail management
- Bill paying
- Travel services
- Domestic help screening and hiring
- Real estate property management and maintenance
- Technology solutions and service
- Personal security
- Research and coordinate buying/selling of automobiles, boats, planes, art, wine, antiques
Family Development
- Development of family mission statement
- Development of wealth mission statement
- Family coaching and mediation
- Leadership development
- Prepared Heir® Internship program
- Facilitated family meetings
- Family continuity and governance
- Sourcing and coordination of volunteer opportunities
- Education and college selection consulting
- Risk assessment and mitigation
Business Development
- Executive coaching
- Family business coaching
- Business strategic planning
- Succession planning
- Compensation, benefits and incentive consulting
- Leadership development
- Investment banking, mergers and acquisitions
- Liquidity planning
- Virtual CFO services
Everything we do at Century Wealth Management is driven by our core values, which are called the Principles of Progress:
Principles of Progress
- Our highest and best purpose is to help those around us - our clients, partners and associates - achieve their potential.
- Maximizing family potential requires an aligned focus on all forms of family capital – financial, human, intellectual and civic.
- Our advice must be objective. We must act as fiduciaries putting clients’ interest first.
- Our solutions must be best-of-breed, yet customized for each client.
- Our compensation must be transparent and conflict free.
- The value of great advice is in the execution.
- The privacy of our client families will always be respected and guarded.
- We owe it to our clients and ourselves to be an exceptional firm. This is not accidental; it results from high intention, sincere effort, intelligent direction and skillful execution.
- Our firm and its associates must be prototypes for the advice we give our clients. We must invest in and maximize our own financial, human, intellectual and civic capital.
Fees
Our family office clients are billed a quarterly retainer fee. This fee is negotiated prior to engagement based upon the scope of services delivered.
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